Tag: Asset

Tyler Muir: Financial crises amplify asset price drops, why recovery dynamics differ from economic activity, and the rise of populism post-crisis

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Financial crises have a more profound impact on asset markets than ordinary recessions. Asset prices drop more during financial crises due to an extra risk premium channel. Asset markets typically recover faster than economic activity post-crisis. Key Takeaways Financial crises have a more profound impact on asset markets than ordinary recessions. Asset prices drop more during financial crises due to an extra risk premium channel. Asset markets typically recover faster than economic activity post-crisis. Financial crises have lasting political and economic repercussions beyond market recovery. Populism and nationalism often emerge…

Nick Shalek: The future of finance blends decentralized and permissioned systems, why regulatory clarity is crucial for digital asset adoption, and how tokenization will personalize financial interactions

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Future financial systems will blend traditional and blockchain elements for a more personalized experience. Key takeaways The future of financial systems will integrate both decentralized and permissioned elements. Investing in projects that merge traditional finance with blockchain is seen as promising. Tokenization aims to make assets interpretable for machines, enabling smarter software. The financial system will become more personalized and intelligent, differing greatly from today’s model. Younger companies are more likely to adopt new technologies due to their innovative culture. Regulatory clarity is crucial for the widespread adoption of digital…

Mirae Asset to Buy Controlling Stake at Korea’s Korbit Exchange for $93M

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Mirae Asset Consulting, an affiliate of South Korean multinational financial services company Mirae Asset Group, has agreed to acquire a controlling stake in local crypto exchange Korbit. The company plans to purchase 26.9 million shares of Korbit for 133.48 billion won (about $93 million), a transaction that would give it a 92.06% ownership interest in the exchange, according to a Friday regulatory filing. The payment will be made entirely in cash Mirae Asset said the purpose of the acquisition is “to secure future growth drivers through digital-asset (virtual-asset) businesses,” per…

South Korea’s Mirae Asset moves to take control of crypto exchange Korbit in $92M deal

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Mirae Asset’s acquisition of Korbit signals increased integration of traditional finance with digital assets, potentially reshaping financial landscapes. Mirae Asset Group, South Korea’s financial services giant, has agreed to acquire a 92% stake in crypto exchange Korbit for about 133 billion won (around $92 million), mainly by buying shares from major shareholders, including NXC and SK Square. Market observers suggest the deal could prove valuable if South Korea advances its framework for security token offerings, giving the conglomerate the key infrastructure ahead of potential institutional adoption. The group says the…

Fiserv Launches US Dollar Settlement Platform for Digital Asset Companies

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Fiserv, a major US payments and financial technology provider, has launched a new cash settlement platform for digital asset companies, a move that could strengthen fiat infrastructure for crypto players and improve access to liquidity. On Thursday, Fiserv announced the debut of INDX, a real-time cash settlement system that operates 24 hours a day, 365 days a year. The platform allows digital asset companies to move US dollars instantly using a single custodial account, potentially improving how exchanges, trading desks and other crypto businesses manage fiat balances. Source: Fiserv INDX…

Ripple partners with major asset manager Aviva Investors to tokenize traditional funds on XRP Ledger

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Ripple, the blockchain firm behind the XRP Ledger, is teaming up with Aviva Investors to bring traditional investment funds onchain through tokenization, the companies announced Wednesday. Aviva Investors, the asset management arm of British insurer Aviva Plc, will use the XRP Ledger’s infrastructure to convert conventional fund products into digital tokens. The deal marks Ripple’s first such arrangement with a European money manager. Details of the collaboration will be shared at XRP Community Day today, where Markus Infanger, an XRPL ecosystem advocate, and Aviva’s Alastair Sewell are scheduled to speak.…

Mike Belshe: Stablecoins are a safer alternative to banks, BitGo’s operational controls are key for crypto market structure, and the future of finance is in asset tokenization

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Stablecoins are set to reshape banking by offering a safer, more efficient alternative for deposits. Key takeaways Stablecoins provide a safer and more efficient alternative to traditional banking. The future of finance will involve the tokenization of all assets, including equities and bonds. BitGo’s operational controls and regulatory frameworks are crucial for building market structure in crypto. BitGo is stronger than most competitors due to its readiness and strategic planning. Going public benefits BitGo by strengthening the business and enhancing transparency. The US capital markets will transition to digital, bringing…

Steve Sosnick: Bitcoin’s volatility hinders its role as a safe haven, gold outperforms during downturns, and digital asset treasury companies may be overvalued

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Bitcoin’s rising volatility challenges its role as a safe haven compared to traditional assets like gold. Key takeaways Bitcoin’s status has shifted to a risk asset, performing well during monetary accommodation periods. Its volatility needs to align more closely with traditional currencies for broader acceptance. The crypto market must reassess its position amidst rising demand for traditional safe havens like gold. Precious metals are increasingly sought after as safe havens, with yields on treasuries and bonds rising. Bitcoin’s perception as a risk asset is influenced by its success with ETF…

Tesla overtakes Bitcoin on global asset leaderboard

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Bitcoin has fallen to the 12th-largest asset globally by market capitalization, slipping behind Tesla in the rankings, according to CompaniesMarketCap. The digital asset’s price tumbled to $81,000 earlier today and continued to fall as trading progressed. At the time of writing, BTC was hovering around $77,300, down 8% over the past 24 hours, TradingView data shows. The recent decline has pushed Bitcoin’s market capitalization down to approximately $1.5 trillion, allowing Tesla, now valued at $1.6 trillion, to move ahead to the 11th position. Earlier this week, Bitcoin fell out of…

Pundit Says XRP Price Is Not A ‘Crypto’ Question, But A Systemically Important Liquidity Asset

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A crypto analyst has provided a new update on the XRP price, highlighting its role as a systemically important liquidity asset. According to the pundit, its price dynamics go beyond the typical crypto speculation, emphasizing its value as a foundational financial tool for global liquidity, settlement, and treasury management.  XRP Price Signals Value Beyond Crypto Speculation On January 27, crypto analyst and investor Rob Cunningham shared a new take on the XRP price that challenges conventional crypto thinking. He emphasized that the question of XRP’s value is not primarily about…