South Korea’s Shinhan Asset Management signed a memorandum of understanding (MOU) with tokenization-focused blockchain network Plume to develop a proof of concept for a Korean won-denominated tokenized fund. The pilot project will use a Shinhan won-denominated ultra-short-term bond fund as its underlying asset and BlackRock’s BUIDL tokenized fund as a benchmark to test the issuance
The uncomfortable secret of digital security isn’t that quantum computers are coming, it’s that nobody can prove today’s locks will work when they do. Yoon Auh, founder and CEO of BOLTS Technologies, holder of 37 patents in applied cryptography, told TheStreet Roundtable how his business is addressing this gap. BOLTS builds “crypto-agile, cipher neutral security
Conflux Network has scheduled its v3.1.0 hard fork for Aug. 25, requiring node operators to install the update before seven network proposals and a private security fix take effect. Conflux v3.1.0 requires a mandatory update Conflux Network said in an Aug. 3 announcement that all nodes must install version 3.1.0 before the blockchain reaches epoch
Tether, the company behind the world’s largest stablecoin, has extended its tokenization platform Hadron to support the $SUI blockchain. The integration allows institutions to issue tokenized versions of traditional assets, including stocks, bonds, and commodities, using $SUI’s infrastructure. Tether highlighted $SUI’s sub-400-millisecond finality and object-centric architecture as key factors in the decision, positioning the network
An $XRP Ledger validator has urged users to exercise extreme caution when dealing with tokenized stocks and yield-generating products on the network. XRPL validator Vet, aka Hussain Zangana, said users should not assume that tokenized assets are safe simply because they are issued on the $XRP Ledger. He stressed that the ability to issue a
Figure Technology Solutions (FIGR), the blockchain lending firm co-founded by former SoFi CEO Mike Cagney, more than doubled its revenue in the second quarter as lending activity surged across its marketplace The company reported $226 million in net revenue for the quarter ended June 30, up 113% from a year earlier. Net income climbed 192%
Koscom, a major South Korean financial technology company, and NH Investment & Securities have signed a memorandum of understanding (MOU) to collaborate on tokenized securities business development. The agreement, reported by Digital Asset, outlines plans to jointly verify a platform for security token offerings (STOs) and explore new business models, including the tokenization of existing
Mitsubishi UFJ Financial Group (MUFG) plans to use blockchain technology to offer faster settlement of Japanese government bond (JGB) transactions, in a move reminiscent of similar initiatives by banks in other countries. MUFG is preparing a proof-of-concept for onchain JGB transactions using the Canton network to expedite the settlement, which typically takes 1-3 days by
A contingent of community members from within the Neo ecosystem have launched Meteor, a new initiative to develop and deliver a collective roadmap through a structured three-phase process. It has garnered support from Neo co-founder Erik Zhang, Neo Global Development, the core development team, and a significant number of Neo Council members. Neo has been
Circle renewed its push for cirBTC as neutral institutional collateral in an Aug. 12 post, but the product is not a new launch. It has been live on Ethereum since June 8 and had only about 40 tokens outstanding at the time of review, compared with more than 116,000 WBTC and 97,000 cbBTC. cirBTC exists