Life-insurance is a multi-trillion dollar asset class that almost nobody thinks of as an asset. That didn’t stop Jay Rogers, cofounder and director of infineo, who pooled half a billion dollars of institutional policies, convinced banks to lend against them, and is putting the whole structure on a blockchain. He sat down with TheStreet Roundtable
Anchorage Digital CEO Nathan McCauley has stated that artificial intelligence (AI) agents are poised to become independent economic actors, capable of executing financial transactions using a variety of payment methods, including cash, cards, and cryptocurrencies. The remarks were reported by The Block and highlight a future where autonomous software participates in the economy. Agentic Banking
South Korea’s Shinhan Asset Management signed a four-party memorandum on Aug. 21 to test a Korean won tokenized fund using the Solana blockchain. The agreement brings together Shinhan Asset Management, the Solana Foundation, tokenization platform Etherfuse and decentralized exchange Orca. The participants will conduct a proof of concept covering the fund’s issuance and distribution process.
The U.S. Treasury on Wednesday said it would step in to support the market for its own bonds after the cost of long-term government borrowing shot up to the highest level in almost two decades. That rise in borrowing costs had become a problem for both the government’s finances and maybe even crypto. The new
Binance founder Changpeng Zhao said on Aug. 21 that countries could use tokenization to raise capital and attract foreign direct investment by offering digital representations of assets to global investors. “Let’s tokenize everything,” CZ wrote in an X post. He argued that countries and companies have an incentive to sell tokenized shares to investors worldwide.
Datavault AI has agreed to acquire BankWyse, a Wyoming banking institution, while promising funding substantially larger than the cash it reported at the end of June. The mismatch leaves a central question for the proposed deal: How can Datavault finance the purchase and capitalize the bank without another layer of debt or dilution? The agreement
Antalpha’s facilitated loan book shrank by $696 million in the second quarter as losses on tokenized gold holdings at its subsidiary, Aurelion, pushed the digital asset financing group into the red. According to the firm’s filing with the US Securities and Exchange Commission (SEC), its total loan book fell 34% to $1.35 billion as of
Cosmos Health’s crypto treasury was down about 46% at the end of June as the Nasdaq-listed company warned that recurring losses and reliance on outside financing raised substantial doubt about its ability to continue as a going concern over the next 12 months. The company held 474.85 ETH and 15.66 BTC worth a combined $1.66