Financial institutions are increasingly moving toward an onchain future with tokenization initiatives which provide access to new markets and offer structural advantages compared to traditional investment products, according to Matthew Horne, head of digital asset strategists at Fidelity Investments. “In the last 18 months, if you look at the push by true institutions to move
Soda Labs, which builds privacy infrastructure for institutions, banks and DeFi applications, has secured $3 million from Luxembourg-based venture capital firm NextBlock to scale its programmable privacy infrastructure across public blockchains, according to an Oct. 8 statement. Soda Labs is focused on bringing more privacy to public blockchains without giving up their transparency and programmability.
Tokenization firm Securitize (SECZ) said it is bringing shares of Apple, Nvidia, Tesla and other major U.S. companies in the Solana (SOL) blockchain, joining a growing race to make traditional stocks available through crypto trading infrastructure. The new product, called Securitize Stocks, will initially cover 12 companies, including Microsoft, Amazon, Alphabet, Meta, Netflix, Circle, Strategy
IREN stock has remained under pressure this month as investors have remained cautious of neocloud companies. It dropped to $38.70 on Wednesday, down modestly from the September high of $49.60 and by 50% from its all-time high. IREN stock has fallen despite strong demand for AI data centers IREN, formerly known as Iris Energy, is
Tempo has emerged as a leader in the stablecoin market, showcasing a remarkable growth of $519.1 million over the past 30 days. This surge is part of a broader trend where stablecoins are gaining traction amid increasing interest in decentralized finance. Notably, Tempo is incubated by Stripe and Paradigm, positioning it as a significant player
Webull, a Robinhood competitor and all-in one brokerage with 28 million registered users, crashed as much as 32% in pre-market trading on Wednesday after a bipartisan US Congressional committee branded it a national security risk. The company facilitates trading in traditional equities and derivatives, as well as crypto and prediction markets. According to the US
Tether’s innovative approach to distributing dollars globally and backing them with U.S. Treasuries is drawing attention in the crypto community. According to a tweet from @tokenterminal, this model mirrors traditional equity distribution strategies, which raises questions about the implications for both Tether and the broader market. As stablecoins gain traction, this strategy might further enhance
Mysten Labs’ Hashi Bitcoin finance network will begin a phased rollout in October with more than $500 million in capital commitments from its launch partners. Hashi uses Bitcoin ($BTC) as collateral in Sui applications by minting hBTC on Sui against deposited Bitcoin, the Sui Foundation announced Thursday. Applications could include lending, borrowing, credit, vaults and
SpaceX (NASDAQ: SPCX) stock price edges lower after reaching a multi-month high of $176. The drop mirrors the downturn across US stocks after minutes from the Federal Open Market Committee (FOMC) meeting revealed that the Fed is leaning hawkish. Know when yourcoins moveAlerts, real-time prices, and market news — all in one app 4.8 based