Tag: Digital

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…

NYC Mayor Signs EO Establishing Digital Assets and Blockchain Office

admin

New York City Mayor Eric Adams announced the establishment of a municipal digital assets and blockchain office in a bid to cement his crypto agenda in the final months of his term. In a Tuesday notice from the mayor’s office, Adams said he had used an executive order under his authority to create the Office of Digital Assets and Blockchain Technology. Moises Rendon, who has worked as a digital assets and blockchain policy adviser for New York City since April 2024, will head the newly established office. “Our city has…

Gloria expands coverage to Digital Asset Treasury market with dedicated feed

admin

Key Takeaways Gloria expands its terminal with a new data feed focused on Digital Asset Treasuries. The coverage tracks corporate crypto holdings, tokenized treasuries, and real-world asset flows. Share this article Gloria launched dedicated coverage of the Digital Asset Treasury (DAT) market today through a new data feed on its terminal. The expansion provides real-time insights into tokenized treasuries, RWA flows, and macro liquidity signals that track corporate crypto adoption. The DAT market, led by firms like MicroStrategy, Marathon Digital, and Metaplanet, reflects a growing shift among corporations moving balance…

JPMorgan’s Head of Markets Digital Assets says bank will engage in crypto trading but custody remains off the table

admin

Key Takeaways JPMorgan will engage in digital asset trading but has no plans to launch a custody business. The bank is evaluating third-party custodians and its risk appetite before expanding further Share this article JPMorgan’s head of markets digital assets confirmed that the bank plans to engage in crypto trading but has no immediate plans to launch a custody service, saying the firm is instead exploring third-party custodians to support its growing digital asset business. Major banks are increasingly removing restrictions on Bitcoin ownership to enable broader client access. Payment…

Citi plans 2026 launch for crypto custody service amid Wall Street’s digital push

admin

Key Takeaways Citi plans to introduce crypto custody services in 2026, reflecting increasing institutional interest. The bank is supporting stablecoin company BVNK to expand into tokenized and digital asset services. Share this article Citi plans to launch its crypto custody service in 2026 as the major US bank advances its digital asset strategy amid growing institutional adoption. Citi is developing real-time multi-asset solutions, including fiat-to-crypto ramps and reserve management, alongside advancing tokenized deposits. It is actively exploring the issuance of its own stablecoin and has backed stablecoin firm BVNK. Wall…

Galaxy Digital Raises $460M to Build Texas AI Data Center

admin

Mike Novogratz’s Galaxy Digital has secured a $460 million private investment from one of the world’s “largest asset managers” to accelerate the transformation of its former Bitcoin mining site in Texas into an AI data center. The deal involves the purchase of 12.77 million Class A shares at $36 per share, with the proceeds earmarked for general corporate use and the expansion of its Helios campus, expected to deliver 133 megawatts of IT capacity in early 2026, the company announced Friday. “Having one of the world’s largest and most sophisticated…

Institutional investors expand digital asset exposure

admin

Institutional investors are deepening their involvement in digital assets and emerging technologies such as blockchain and AI, according to a new State Street report — though many remain split on whether decentralized finance can ever fully blend with traditional markets. The study found that digital assets currently make up about 7% of institutional portfolios, a figure expected to climb to 16% by 2028. Most holdings are concentrated in digital cash (stablecoins) and tokenized versions of listed equities or fixed income, with respondents allocating about 1% of their portfolios to each…

Goldman Sachs, Deutsche Bank, and other banking giants unite to explore reserve-backed digital money

admin

Key Takeaways Nine major banks formed a consortium to explore issuing reserve-backed digital money on public blockchains. The initiative aims to provide a stable payment asset and enhance financial innovation in cross-border payments. Share this article Nine major international banks have formed a consortium to explore issuing reserve-backed digital money on public blockchains, Bloomberg reported on Friday. The effort underscores the accelerating push by traditional finance toward blockchain-driven payment systems. The group includes Goldman Sachs Group Inc., Deutsche Bank AG, Bank of America Corp., Banco Santander, BNP Paribas, Citigroup Inc.,…