Draw the plumbing and something odd falls out. PayPal, M0 and MoonPay went live on September 9 with PYUSDx, a platform that lets any business issue its own branded stablecoin without touching reserves, custody or redemption infrastructure. Three issuers launched with it. More than $100 million already processed between them. The pitch from all three
The Central Bank of the UAE (CBUAE) and Vermeg, a financial technology infrastructure provider, have chosen Delta Capita’s MACH distributed ledger technology (DLT) to support its integrated digital asset securities depository (DASD). Delta Capita’s MACH distributed ledger solution allows financial institutions to unlock valuable opportunities for efficiencies, cost savings, improved regulatory compliance and enhanced security.
Fred Ehrsam, who was a co-founder of Coinbase and is still a member of the board of Coinbase, has spent long months of his life living in one of the hotels of Caracas while dealing with the oil business in Venezuela. Ehrsam’s investment vehicle, called Primavera, has recently signed a production-sharing contract with PDVSA, which
us Sawyer told employees on Thursday that the pending acquisition of Zodia’s custody business by Standard Chartered and the establishment of Zodia Solutions created a natural point to hand over day-to-day leadership. “I believe this is the right point for me to hand over day-to-day leadership while remaining closely involved,” Sawyer said in the Sept.
In a recent interview with DEEPPOINT, Rikiya Yanagisawa, head of BitGo’s Japan operations, discussed the vital role custodians play in the stablecoin ecosystem. He outlined the necessary conditions for stablecoin adoption and the future of digital assets that can be utilized without users needing to manage private keys. This insight underscores the importance of custodial
Blockchain and financial technology company Ripple announced that it has significantly expanded the scope of GSmart, the AI capabilities within its enterprise treasury management platform, Ripple Treasury. According to the official statement from Ripple, GSmart was developed to enable finance teams to receive AI-powered decision support in cash flow forecasting, liquidity management, risk analysis, reconciliation,
In recent developments, Solana is capturing attention as Goldman Sachs has emerged as the leading holder of spot Solana ETFs. This indicates a growing confidence in Solana’s market potential among institutional investors. Understanding this shift could provide insights into how Solana will perform in the competitive blockchain landscape, particularly against Bitcoin and Ethereum. More details
Wealth management platform Alpha Ladder WealthX has launched access to xStocks tokenized U.S. equities for eligible institutional and accredited investors in selected APAC markets. This significant development follows a collaboration with MetaComp and Payward, Kraken’s parent company. The implications of this launch could enhance investment strategies for institutional players in the region, as reported by
On Sept. 9, Binance’s pre-IPO perpetual contract for Anthropic traded above $2,100, reaching an implied value that exceeds $2.1 trillion based on Binance’s estimated one-billion-share denominator. Real traders are pricing exposure to Anthropic on Binance, but both the mark and the share-count convention behind the trillion-dollar figure belong to the contract, so the venue sets