Singaporean bank DBS will tokenize structured notes using Ethereum, the company announced Thursday. The bank said it had partnered with digital platforms ADDX, DigiFT, and HydraX to distribute the product. Structured notes blend debt securities and derivatives contracts to provide investors with exposure to a range of assets, including stocks and commodities. They are linked
Ripple owns billions of dollars worth of XRP, but company shares trading on private secondary markets don’t fully reflect that, according to VivoPower advisory board member Adam Traidman. As a private company, Ripple’s shares have less liquidity than they would on a stock exchange, so the company’s share price is primarily determined across individualized deals—often
The price of Bitcoin and other cryptocurrencies fell on Thursday as the president of the Cleveland Federal Reserve, Beth Hammack, said she wouldn’t support cutting interest rates if forced to make a decision tomorrow. “With the data I have right now and with the information I have, if the meeting was tomorrow, I would not
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. As we reach the end of August, all eyes are once again on the Grand Tetons. Not because of its striking views, but because the annual Woodstock of central banking is about to go down. Tomorrow morning, Fed Chair Jerome Powell
Crypto exchanges Gemini and Bullish recently filed IPO documents, and they weren’t pretty. Despite the market for crypto IPOs being particularly hot in the wake of the blockbuster offering by Circle, these two filings reveal dismal profitability for even major incumbents of the industry. Bullish priced its IPO at $37 per share and it seemed
The market for tokenized Real-World Assets (RWAs) on Ethereum has surged nearly 20 times since January 2024, according to new data spotlighted by Token Terminal. In August, Ethereum’s RWA market went over an astonishing $7.5 billion. The rise is fueled by growing institutional adoption, with financial giants like BlackRock and Securitize building tokenized products on
Stablecoin payments processor Loop Crypto raised a strategic round co-led by VanEck and Fabric Ventures, the firm exclusively told Blockworks. This brings the total funding raised by the firm to $6 million, but the team declined to give specifics on the most recent round. Co-founders Eleni Steinman and Shane van Coller noted that they —
The financial world is buzzing with news that the California State Teachers’ Retirement System (CalSTRS), the third-largest U.S. pension fund, has gained significant CalSTRS Bitcoin exposure. This monumental move involves a $133 million investment through MicroStrategy (MSTR), signaling a pivotal moment for institutional adoption of digital assets. This development, first highlighted by The Bitcoin Historian
Wealthy families and investment offices across Asia are stepping up their involvement in cryptocurrencies, encouraged by strong market performance, wider adoption, and supportive regulatory moves in major financial centers. Wealth advisers say they are fielding more calls, trading platforms report heavier activity, and specialist funds are drawing steady inflows as wealthy investors look to add
Markets are quickly recalibrating previously lofty odds of an imminent rate cut as the jets touch down in Jackson Hole for the Kansas City Fed’s Economic Symposium. The current data does not make the case for a September ease, said Cleveland Fed President Beth Hammack, speaking with Yahoo News in Wyoming. “We have inflation that’s