A global bank with over $1 trillion in assets under management has approved a crypto exchange-traded fund from Bitwise Asset Management for its managed accounts platform, as revealed by Bitwise CEO Hunter Horsley on Tuesday. The approval allows wealth managers and financial advisors working with the bank to allocate client funds to the crypto ETF
The tokenization of equities, while seen as a promising way to democratize access to publicly listed company stocks, has not gained traction as expected. Proponents of tokenization argue that existing regulations block the widespread adoption of equity tokenization. The Slow Burn of Equity Tokenization: Hype Versus Reality Although the tokenization of equities is widely accepted
The world of cryptocurrency is constantly evolving, and a recent development from South Korea’s leading crypto exchange, Upbit, is sending ripples across the market. Dunamu, the powerhouse operator behind Upbit, has made a significant strategic move by filing a whopping 66 trademark applications. This isn’t just about protecting brand names; it’s a clear signal of
Nasdaq-listed medical device technology firm BioSig Technologies and real-world asset tokenization company Streamex are looking to raise up to $1.1 billion in financing to launch a gold-backed treasury management strategy powered by Solana. BioSig and Streamex said in a press release on July 8 that the companies have entered into a definitive agreement that will
Volkswagen’s autonomous vehicle arm has tapped Bee Maps, a decentralized spatial intelligence service built on the Hivemapper network, to support its autonomous driving operations. The collaboration is a notable convergence between traditional automakers and blockchain-powered infrastructure providers. The announcement came via a July 8 social media post by Ariel Seidman, CEO and co-founder of Bee
Four US-dollar stablecoin issuers hold roughly $182 billion in US Treasury bills, an amount that would slot them 17th on the Treasury Department’s country-by-country league table. The amount in overnight Treasury-collateralized repos and Treasury-heavy money market funds would put the group between Norway’s $195.9 billion and Saudi Arabia’s $133.8 billion. Tether’s USDT tops the cohort.
The flexibility of Arbitrum’s tech stack may be gaining traction on Wall Street through Robinhood and its stock tokenization push, but the Ethereum layer-2 scaling network’s qualities should eventually make it a go-to hub for game developers, according to Offchain Labs CEO Steven Goldfeder. In an interview, Goldfeder said that companies like Xai Games and
Will Bitcoin surge past $109,000 by July 12? With just three and a half days remaining and less than a 1% move required, cryptocurrency traders are placing their bets on whether the world’s largest digital asset can overcome critical resistance levels that have capped recent rallies. Currently trading around $109,090, Bitcoin sits very, very close
In case you missed it during the holiday week, collaborative design tool Figma filed to go public via IPO. Used by 95% of Fortune 500 companies and with $871 million of revenue over the trailing twelve months (up 49% Y/Y), Figma disclosed bitcoin ETF exposure of $70 million as well as board approval to buy
