Tag: Asset

Argentina Orders Asset Freeze Linked to Libra Token Fraud Probe

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Argentina’s federal judiciary ordered a freeze of assets belonging to US promoter Hayden Davis and two alleged intermediaries tied to the collapsed Libra token, deepening an investigation into one of Latin America’s biggest crypto scandals. The order, issued by Judge Marcelo Martínez de Giorgi, reportedly covers digital wallets, bank accounts and real-estate assets of Davis, Argentine operator Orlando Rodolfo Mellino and Colombian trader Favio Camilo Rodríguez Blanco. Prosecutors said the asset freeze was necessary to prevent any transfer of assets that could represent the proceeds of fraud, as investigators work…

eToro Posts 76% YoY Asset Growth, Stock Rises Around 7%

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Shares of social trading and investing platform eToro (Nasdaq: ETOR) rose on Monday after the company reported a 76% year-over-year increase in assets under administration to $20.8 billion in the third quarter. The company also posted a 28% increase in net contribution to $215 million, up from $167 million the previous year, alongside the launch of a $150 million share repurchase program. Net income under Generally Accepted Accounting Principles (GAAP) rose 48% to $57 million from $39 million in the same quarter last year, while funded accounts expanded 16% to…

Evernorth Losses Spotlight Digital Asset Treasury Risks

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The month-long slide in crypto prices hasn’t just hit major assets like Bitcoin (BTC) and Ether (ETH) — it’s also dealing heavy losses to digital asset treasury companies that built their business models around accumulating crypto on their balance sheets. That’s one of the key takeaways from a recent social media analysis by onchain data company CryptoQuant, which cited XRP-focused treasury company Evernorth as a prime example of the risks in this sector. Evernorth has reportedly seen unrealized losses of about $78 million on its XRP position, mere weeks after…

Tether partners with Bitfinex Securities and KraneShares for asset tokenization

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Key Takeaways Tether’s Hadron platform has formed partnerships with Bitfinex Securities and KraneShares to enhance asset tokenization. Hadron provides blockchain infrastructure for the easy tokenization of various assets including stocks and bonds. Share this article Tether’s Hadron platform has announced partnerships with Bitfinex Securities, a regulated platform for tokenized securities offerings, and KraneShares, an ETF issuer developing digital asset index funds, to advance asset tokenization capabilities. The collaboration aims to integrate blockchain infrastructure with traditional financial products, targeting the tokenized securities market, which is projected to grow from $30 billion…

Chainlink partners with SBI Digital Markets for digital asset solutions

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Key Takeaways Chainlink is collaborating with SBI Digital Markets (SBIDM), part of Japan’s major SBI Group, to develop digital asset solutions using cross-chain technology. The partnership centers around Chainlink’s CCIP protocol, enabling secure and interoperable operations for tokenized funds across multiple blockchains. Share this article Chainlink, a decentralized oracle network, announced today it has partnered with SBI Digital Markets (SBIDM), the digital asset division of a major Japanese financial conglomerate, to develop digital asset solutions using cross-chain interoperability technology. The collaboration will leverage Chainlink CCIP, a cross-chain interoperability protocol, to…

Ripple acquires Palisade to enhance asset custody and payment solutions

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Key Takeaways Ripple has acquired Palisade, a fintech provider of scalable wallet technology. The acquisition will boost Ripple’s institutional crypto infrastructure and payment services. Share this article Ripple, a US-based blockchain firm, has acquired Palisade, a fintech provider specializing in scalable wallet technology for secure asset custody and seamless on/off ramps, to strengthen its institutional crypto infrastructure and payment capabilities. The acquisition positions Ripple to integrate Palisade’s wallet technology into its existing Ripple Payments platform, which facilitates global corporate transfers, and Ripple Custody service, which offers secure storage and transfer…

Eightco’s INFINITY authentication pilot integrates Coinbase for secure digital asset workflows

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Key Takeaways Eightco has developed INFINITY, an AI-resistant authentication solution targeting financial services and digital assets. Coinbase has joined Eightco’s INFINITY Authentication Pilot program to enhance secure digital asset workflows. Share this article Eightco, a Nasdaq-listed company developing AI-resistant authentication solutions for financial services and digital assets, today announced that Coinbase has joined its INFINITY Authentication Pilot program for secure digital asset workflows. INFINITY is designed to provide AI-resistant verification, enabling platforms to defend against deepfake risks and synthetic ID fraud in crypto environments. The pilot program focuses on proving…

Ripple launches digital asset spot prime brokerage for US market

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Key Takeaways Ripple launched a digital asset spot prime brokerage for US-based institutional clients. The service enables OTC spot transactions via Ripple’s new prime brokerage platform. Share this article Ripple today launched its Digital Asset Spot Prime Brokerage, enabling OTC spot transactions for US-based institutional clients through its newly established prime brokerage platform. The service integrates XRP and RLUSD, Ripple’s stablecoin, to facilitate institutional trading and provide liquidity for digital asset transactions in the US market. Ripple completed its acquisition of Hidden Road and rebranded it as Ripple Prime, establishing…

Malaysia’s central bank launches asset tokenization initiative

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Key Takeaways Bank Negara Malaysia launched the Digital Asset Innovation Hub as part of its three-year initiative to explore asset tokenization in finance. An industry working group will gather industry feedback on potential tokenization use cases. Share this article Through a new Digital Asset Innovation Hub and industry working group, Bank Negara Malaysia has started a three-year program to evaluate how real-world asset tokenization can be applied to sectors like supply-chain and Islamic finance. Bank Negara Malaysia has published a report inviting industry feedback on asset tokenization to guide future…

Malaysia’s BNM Unveils 3-Year Asset Tokenization Plan

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Bank Negara Malaysia (BNM), the country’s central bank, has unveiled a three-year roadmap to explore and test asset tokenization across the financial sector. Under the initiative, BNM will launch proof-of-concept (POC) projects and live pilots through its Digital Asset Innovation Hub (DAIH), established earlier this year, the central bank announced on Friday. A key part of this roadmap is the creation of an Asset Tokenization Industry Working Group (IWG), which will coordinate industry-wide exploration, share knowledge and identify regulatory and legal challenges. The working group, co-led by BNM and the…