Galaxy Digital has launched a planned $3.5 billion high-yield bond sale to help finance the expansion of its Helios data center campus in West Texas. According to a Bloomberg report, the digital assets and AI infrastructure company intends to use the proceeds from its first junk bond offering to finance part of the Helios Data
Citigroup has significantly reduced its price target for Coinbase Global Inc. (COIN), lowering it to $235 per share from $400, according to a note published Wednesday. The 41% cut reflects growing concerns over regulatory headwinds, declining trading volumes, and a challenging macroeconomic environment for cryptocurrency exchanges. Citigroup’s Revised Outlook on Coinbase The revised price target,
The U.S. gold reserves value sits above $1 trillion at current market prices — and yet, according to Treasury Secretary Scott Bessent, that stockpile has almost nothing to do with what makes the dollar worth anything. That tension, between the world’s largest gold hoard and a currency that no longer depends on it, sits at
Mubadala Capital has brought one of its private markets investment funds onchain, making the asset management arm of Abu Dhabi’s sovereign wealth fund one of the latest major financial firms to embrace tokenization. The alternative asset manager, which oversees about $430 billion in assets, said Thursday it launched a tokenized version of one of its
BNY, the world’s largest custody bank, plans to support round-the-clock settlement of conventional and tokenized U.S. Treasuries in 2027, after completing an after-hours trade involving the reserves of 2 stablecoin issuers. The bank will test tokenized Treasuries on a private blockchain by the end of the year and will extend its existing settlement network later
Tokenized equities are moving from pilot programs into live trading, but the market infrastructure that makes equities coherent — corporate actions, entitlements, reference data and settlement — isn’t built for assets that trade continuously across multiple venues. Earlier this year, Nasdaq and the New York Stock Exchange received SEC approval to list tokenized versions of
Japan could launch its first Bitcoin exchange-traded fund as early as 2028 as regulators prepare rules that would allow investment trusts and ETFs to hold crypto assets directly. A July 23 Nikkei report said the Financial Services Agency plans to revise investment-fund rules after lawmakers approved amendments that bring crypto assets under the Financial Instruments