Tag: Asset

SEGG Media plans $300 million digital asset initiative, with initial emphasis on Bitcoin

admin

Key Takeaways SEGG Media, a public company, plans a $300 million digital asset initiative, with an initial emphasis on Bitcoin. This reflects a broader trend of corporate adoption of Bitcoin as a treasury reserve asset. Share this article SEGG Media, a publicly traded company, plans to establish a $300 million digital asset initiative and allocate 80% of the capital to a multi-asset crypto treasury. Bitcoin will serve as the treasury’s initial focus, providing a foundation of stability, while additional assets such as Ethereum (ETH), Solana (SOL), and ZIGChain (ZIG) will…

How Evernorth Plans to Make XRP a $1-Billion Corporate Treasury Asset

admin

Deal basics: Who’s involved, and what’s being built? Evernorth is a newly formed “digital asset treasury” whose core idea is simple: Raise a large pool of cash and use most of it to buy and manage XRP. Rather than requiring companies to hold the token directly, Evernorth aims to offer a publicly traded stock that provides XRP (XRP) exposure through a corporate balance sheet. To fast-track its public debut, Evernorth is merging with Armada Acquisition Corp. II, a special purpose acquisition company (SPAC) — a listed shell that helps private…

Ex-FTX US exec Brett Harrison to introduce perpetual futures to traditional asset classes

admin

Key Takeaways Architect Financial Technologies, led by former FTX US chief Brett Harrison, plans to bring perpetual futures trading to traditional financial assets. Harrison says the market structure will mirror the design of crypto-derivatives, but with a focus on regulated and traditional markets. Share this article Brett Harrison, ex-president of FTX US, is set to launch perpetual futures for traditional assets such as stocks and commodities, via his new company, Architect Financial Technologies, Bloomberg reported Wednesday. The firm’s Bermuda-based exchange, AX, will launch perpetual futures contracts for a wide array…

OceanPal raises $120M to launch NEAR-focused digital asset treasury

admin

Nasdaq-listed OceanPal Inc. has raised $120 million through a private investment in public equity deal to launch SovereignAI, a new subsidiary focused on commercializing the NEAR Protocol and developing AI infrastructure. According to a Tuesday announcement, SovereignAI will implement a crypto treasury strategy, with plans to acquire up to 10% of the NEAR (NEAR) token supply. The move, developed in partnership with the NEAR Foundation, makes OceanPal a public vehicle for exposure to the crypto protocol’s native token. OceapPal said the partnership with the NEAR Foundation is based on a…

IBM announces new digital asset platform for banks and governments

admin

Key Takeaways IBM has announced a new platform to help financial institutions and highly regulated enterprises enter the digital asset economy securely. The platform is designed to facilitate participation in blockchain ecosystems while maintaining strict compliance with regulatory requirements. Share this article IBM announced today a new platform designed to help financial institutions and regulated enterprises enter the digital asset economy, dubbed Digital Asset Haven. The technology company said the platform will enable secure participation in blockchain-based ecosystems while maintaining compliance requirements for heavily regulated organizations. Developed in collaboration with…

CZ Calls Peter Schiff’s Tokenized Gold a ‘Trust-Me-Bro’ Asset

admin

Binance co-founder and former CEO Changpeng “CZ” Zhao dismissed crypto critic Peter Schiff’s plan to launch a tokenized gold product, calling it a “trust me bro” asset. In a Thursday post on X, CZ said tokenized gold is not onchain gold, but a promise dependent on third-party custody. “It’s tokenizing that you trust some third party will give you gold at some later date… even after their management changes, maybe decades later, during a war,” he wrote. CZ’s comments came after Schiff, a long-time Bitcoin (BTC) critic and gold advocate,…

Legacy Asset Manager T. Rowe Price Files For Crypto ETF

admin

One of the more conservative trillion-dollar asset managers, T. Rowe Price, has surprised analysts after filing to list an actively managed crypto exchange-traded fund in the US. T. Rowe’s S-1 registration statement to launch an Active Crypto ETF could shake up its largely mutual fund-focused offerings — an asset class that has bled tens of billions of dollars in outflows over the last month. The filing submitted to the Securities and Exchange Commission on Wednesday states the fund is expected to hold 5 to 15 cryptocurrencies that are eligible under…

Wise Recruiting Digital Asset Lead to Explore Stablecoins

admin

Wise, the global currency exchange and payment platform, is hiring a digital-asset product lead with a focus on stablecoins, a move that could signal the company’s expansion into the cryptocurrency space amid improving global regulation. Wise’s product director, Matthew Salisbury, posted the position on LinkedIn last week. The role will be based in London, where Wise’s global headquarters are located. “If you’ve built wallets and/or payments solution based on stablecoins and you now want to do it at Wise apply through the ad or DM me,” Salisbury wrote. Source: Matthew…

Ripple Labs plans $1 billion digital asset treasury to buy XRP: Report

admin

Key Takeaways Ripple Labs is spearheading a $1 billion fundraiser aimed at accumulating XRP tokens. The initiative is part of Ripple’s strategy to place XRP at the heart of global financial system transformation. Share this article Blockchain payments firm Ripple Labs is spearheading a $1 billion fundraising initiative to acquire XRP, the native token of its blockchain network, Bloomberg reported today. The company is said to be setting up a digital asset treasury to manage its XRP reserves. Funding for the treasury will come from a SPAC, a type of…

Florida introduces new bill to establish Bitcoin and digital asset reserves

admin

Key Takeaways Florida has proposed legislation to create a strategic Bitcoin reserve for public funds investment. The proposal would let the state’s chief financial officer invest public money in Bitcoin. Share this article Florida has introduced a new bill that would authorize the state to invest public funds in Bitcoin and other digital assets. The legislation, filed as House Bill 183 and sponsored by Rep. Webster Barnaby, would allow the Chief Financial Officer (CFO) and the State Board of Administration to manage portions of state funds in Bitcoin and digital…