Source: Cointelegraph Custodia Bank said it partnered with Vantage Bank to tokenize US dollar demand deposits and issue them on Ethereum. The crypto-friendly Custodia Bank has worked with Vantage Bank to complete what the two firms say is “America’s first-ever bank-issued stablecoin” on a permissionless blockchain. Custodia said on March 25 that it tokenized US… Continue reading Custodia and Vantage Bank Partner for ‘First Bank-Issued Stablecoin’
Tag: business
Pirating Pioneer Napster Sells for $207M with Plans for Music Metaverse
Source: Cointelegraph AI startup Infinite Reality has bought the former music-sharing platform Napster with plans to add a music-focused metaverse to the music-streaming app. Artificial intelligence startup Infinite Reality has acquired the music-pirating app turned music streaming service Napster in a $207 million deal and plans to add a music-focused metaverse. Infinite Reality said in… Continue reading Pirating Pioneer Napster Sells for $207M with Plans for Music Metaverse
CME Group Taps Google Cloud for Pilot Asset Tokenization Program
Source: Cointelegraph The companies will start testing the Google Cloud Universal Ledger with capital market participants in 2026. US derivatives exchange operator CME Group is piloting solutions for tokenized assets using Google Cloud Universal Ledger (GCUL), a new distributed ledger that was designed for traditional financial institutions. CME has begun integrating GCUL to improve capital… Continue reading CME Group Taps Google Cloud for Pilot Asset Tokenization Program
Hong Kong Fintech Sector Sees 250% Blockchain Growth Since 2022
Source: Cointelegraph Hong Kong’s fintech market is projected to hit $606 billion by 2032, driven by blockchain, digital assets, AI and a proactive Web3 licensing regime. Hong Kong anticipates the continued growth of its fintech ecosystem, with blockchain, digital assets, distributed ledger technology (DLT) and artificial intelligence playing a central role in shaping its future.… Continue reading Hong Kong Fintech Sector Sees 250% Blockchain Growth Since 2022
SEC acknowledges Filing for Grayscale’s Spot Cardano ETF
Source: Cointelegraph NYSE Arca has filed a proposal with the SEC to list and trade shares of the Grayscale Cardano Trust on the stock exchange. The US Securities and Exchange Commission has acknowledged NYSE Arca’s proposal on behalf of crypto asset manager Grayscale to list and trade a spot Cardano exchange-traded fund (ETF). Although it’s… Continue reading SEC acknowledges Filing for Grayscale’s Spot Cardano ETF
South Korea to Allow Institutions to Sell Crypto Donations in 2025
Source: Cointelegraph The country’s securities regulator will also allow 3,500 corporations and professional investors to open “real-name” accounts on cryptocurrency exchanges as part of a pilot program. South Korea’s Financial Services Commission (SFC) is set to allow institutions to begin selling their digital asset donations and instruct banks to offer more services to cryptocurrency firms.… Continue reading South Korea to Allow Institutions to Sell Crypto Donations in 2025
Morgan Stanley to Explore Crypto Offerings For Clients — CEO
Source: Cointelegraph The financial services giant is also considering adding crypto to its trading platform, E-Trade, due to a change in regulatory climate. Morgan Stanley CEO Ted Pick recently said the banking giant is exploring potential crypto offerings for its clients and is in discussions with financial regulators in the United States. Speaking with CNBC… Continue reading Morgan Stanley to Explore Crypto Offerings For Clients — CEO
Sony’s L2 Blockchain Sonieum Goes Live Amid Community Backlash
Source: Cointelegraph Sony’s Soneium mainnet launched, aiming to simplify Web3 with NFT-driven fan engagement, but it got off to a rocky start. Sony has launched the mainnet for Soneium, its layer-2 (L2) blockchain platform developed by Sony Block Solutions Labs, to streamline blockchain interactions and provide a user-friendly Web3 experience. Built on the OP Stack… Continue reading Sony’s L2 Blockchain Sonieum Goes Live Amid Community Backlash
Trump-linked Strive Files for ‘Bitcoin Bond’ ETF
Source: Cointelegraph The fund aims to offer exposure to MicroStrategy’s convertible bonds, among others. Strive, an asset manager founded by Vivek Ramaswamy, asked United States regulators for permission to list an exchange-traded fund (ETF) investing in convertible bonds issued by MicroStrategy and other corporate Bitcoin buyers, according to a Dec. 26 filing. The ETF seeks… Continue reading Trump-linked Strive Files for ‘Bitcoin Bond’ ETF
Tether Makes First Crypto VC Fund Investment Into Arcanum Capital
Source: Cointelegraph “We are passionate about backing technologies that will prevent censorship and things being shut down,” James McDowall told Cointelegraph. Stablecoin issuer Tether made its first crypto venture capital fund investment into Arcanum Capital’s Arcanum Emerging Technologies Fund II — a tokenized investment vehicle specializing in decentralized Web3 projects — for $2 million. Managing… Continue reading Tether Makes First Crypto VC Fund Investment Into Arcanum Capital
