Tag: Digital

UK Crypto Lobbying Group Joins Digital Chamber as an Affiliate

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CryptoUK, a UK-based cryptocurrency trade association, has announced that it will join The Digital Chamber, a US crypto policy advocacy group, potentially marking a significant cross-collaboration on digital asset regulation between the two countries. In a Tuesday notice, CryptoUK said its team would fall under The Digital Chamber’s umbrella as part of a “unified, cross-border advocacy platform.” Both groups have worked in their respective countries to promote policies favoring the cryptocurrency and blockchain industry, starting with The Digital Chamber in 2014 and CryptoUK in 2018. “CryptoUK has always aspired to…

Galaxy Digital transfers 900 Bitcoin to newly created wallet

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Key Takeaways Galaxy Digital transferred 900 Bitcoin, worth about $82 million, to a newly created wallet. The transaction is part of a pattern of significant Bitcoin movements among major players. Share this article Galaxy Digital, a digital asset management firm, transferred 900 Bitcoin to a newly created wallet today, according to data tracked by Lookonchain. The transaction highlights continued large-scale Bitcoin movements by major players in the crypto market. Galaxy Digital operates as a cryptocurrency-focused firm providing trading, investment, and blockchain technology advisory services to institutional clients. Earlier this year,…

CFTC launches digital assets pilot, allowing Bitcoin and Ethereum as collateral

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Key Takeaways The CFTC has launched a pilot program allowing Bitcoin, Ethereum, and USDC as collateral in derivatives markets. The initiative aims to integrate digital assets like BTC, ETH, and USDC into regulated US financial systems. Share this article The Commodity Futures Trading Commission today launched a digital assets pilot program enabling the use of Bitcoin, Ethereum, and USDC as collateral in derivatives markets. The initiative represents a significant step toward integrating crypto assets into regulated US financial systems. The pilot allows these digital assets to serve as tokenized non-cash…

Saylor Says Bitcoin-Backed Digital Banks Could Tap $200T Credit Market

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Michael Saylor, CEO of the world’s largest Bitcoin treasury holder, is pushing nation-states to develop Bitcoin-backed digital banking systems that offer high-yield, low-volatility accounts capable of attracting trillions of dollars in deposits. Speaking at the Bitcoin MENA event in Abu Dhabi, Saylor said countries could use overcollateralized Bitcoin (BTC) reserves and tokenized credit instruments to create regulated digital bank accounts that offer higher yields than traditional deposits.  Saylor noted that bank deposits in Japan, Europe and Switzerland offer little to no yield, while euro money-market funds pay roughly 150 basis…

Ondo Finance joins Blockchain Association to advance US digital asset policy

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Key Takeaways Ondo Finance, a tokenized Treasury protocol, has joined the Blockchain Association. This partnership aims to advance pro-innovation digital asset policies in the United States. Share this article Ondo Finance, a tokenized Treasury protocol, today joined the Blockchain Association to help advance pro-innovation digital asset policies in the US. The move comes after Ondo concluded an SEC investigation, clearing the path for its expansion in tokenized asset operations. The platform tokenizes real-world assets to bring institutional-grade finance onchain while maintaining regulatory compliance through alignment with SEC practices. The Blockchain…

Digital Bank GoTyme Launches Crypto Trading In Philippines

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Philippines digital bank GoTyme, which has 6.5 million customers, has rolled out crypto services in the Philippines following a partnership with US fintech firm Alpaca. A total of 11 crypto assets can now be bought and stored in GoTyme’s banking app via an auto conversion from the Philippine peso to USD, including Bitcoin (BTC), Ether (ETH), Solana (SOL), Polkadot (DOT) and a host of other altcoins. It is unclear if the firm will offer more sophisticated trading services in the future; however, the focus appears to be on simplicity and…

Huaxia Bank issues 637M blockchain bonds settled in digital yuan

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Key Takeaways Huaxia Bank issued $637 million in blockchain-based bonds settled exclusively with digital yuan, China’s central bank digital currency (CBDC). This bond issuance demonstrates the practical use of blockchain technology in China’s regulated financial markets. Share this article Huaxia Bank, a major state-owned Chinese lender, issued $637 million in blockchain-based bonds settled exclusively in digital yuan. The issuance was carried out through Huaxia Financial Leasing, a subsidiary of Huaxia Bank. The digital yuan, operated by the People’s Bank of China, enables real-time, on-chain recording of the bond issuance process…

Digital Asset Secures Strategic Investments for Canton Network

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Institutional blockchain infrastructure provider Digital Asset, the creator of the Canton Network, has raised about $50 million in strategic investments from BNY, iCapital, Nasdaq and S&P Global, according to a person familiar with the deal. According to an announcement on Thursday, the strategic funding will build on Digital Asset’s strong momentum to scale the Canton Network following recent funding milestones that raised $135 million. The participation of these four big names highlights the range of institutions supporting the Canton Network, as big banks, exchanges, data, and wealth infrastructure all lend…

First Digital moves toward US listing through merger talks with CSLM SPAC

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Key Takeaways First Digital Group plans to go public via a SPAC merger with CSLM Digital Asset Acquisition Corp III. First Digital issues the FDUSD stablecoin and manages reserves for TrueUSD, with recent legal disputes involving Techteryx. Share this article First Digital Group is preparing to go public through a merger with CSLM Digital Asset Acquisition Corp III, a New York listed SPAC, according to a Bloomberg report. The Hong Kong-based firm has signed a non-binding letter of intent as crypto companies look to capitalize on a more favorable US…

Nasdaq Digital Assets Head Says Tokenized Stocks Are A Priority

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The US Nasdaq stock exchange is making SEC approval of its proposal to offer tokenized versions of stocks listed on the exchange a top priority, according to the exchange’s crypto chief. “We’ll just move as fast as we can,” Nasdaq’s head of digital assets strategy, Matt Savarese, said during an interview with CNBC on Thursday, when asked whether the SEC could approve the proposal this year. “I think what we have to really evaluate where the public comments come back in and then answer and respond to the SEC questions…