Tag: Launches

Kraken Launches Tokenized Stocks By Backed In Europe

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US crypto exchange Kraken is the latest platform to introduce tokenized securities in Europe, following an initial rollout in June. Kraken has officially launched Backed’s tokenized securities offering, xStocks, to eligible European investors, the exchange told Cointelegraph on Wednesday. The European expansion comes months after Kraken teased its tokenized stocks integration with Backed on the Solana blockchain in May, with plans to launch the offering to clients in over 140 countries globally. The initial rollout “essentially covered all countries” except for the US, the United Kingdom, Canada, Australia and the…

HashKey launches $500M Digital Asset Treasury fund in Hong Kong

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Hong Kong-based HashKey Group said it launched a $500 million investment fund targeting digital asset treasuries (DATs), initially focusing on exposure to Bitcoin and Ether’s price performance. The fund is structured as a perpetual, institutional-only vehicle allowing regular subscriptions and redemptions, similar to an open-ended crypto hedge fund, HashKey said in a statement. Unlike a passive exchange-traded fund (ETF), HashKey’s fund is designed to invest in projects and companies deploying DAT strategies. The launch comes after Nasdaq announced enhanced scrutiny of listed companies’ crypto holdings on Thursday, a move HashKey framed as…

SEC launches task force to crack down on cross-border fraud

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Key Takeaways The SEC formed a Cross-Border Task Force to address fraud by foreign-based companies. The unit will investigate schemes such as pump-and-dumps and examine auditors and underwriters. Share this article The US Securities and Exchange Commission today announced the creation of a cross-border task force aimed at combating fraud. The unit will investigate foreign-based companies for securities violations, including pump-and-dump schemes, while scrutinizing auditors and underwriters that help them access US markets. Chairman Paul Atkins said the SEC “will not tolerate bad actors” exploiting borders to evade oversight. Enforcement…

SpaceX reaches 500 orbital rocket launches and landings

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Key Takeaways SpaceX has achieved a combined total of 500 orbital rocket launches and landings. This milestone showcases SpaceX’s leadership in reusable rocket technology, enabling boosters to return and land vertically. Share this article SpaceX reached 500 orbital rocket launches and landings today, marking a milestone for the private space company. The achievement encompasses the company’s combined total of orbital rocket launches and successful landings since it began operations. SpaceX has pioneered the development of reusable rocket technology, allowing boosters to return to Earth and land vertically for potential reuse…

Pineapple Financial launches $100M Injective treasury, first public company to hold INJ

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Key Takeaways Pineapple Financial raised $100M to build the first Injective treasury by a publicly traded company, aiming for 12% staking yield. The news comes as the SEC reviews Canary Capital’s staked Injective ETF application, with INJ trading near $12.8. Share this article Pineapple Financial launched a $100 million Injective treasury strategy today, becoming the first publicly listed company to hold INJ tokens. The NYSE American-listed fintech company (PAPL) secured the funding through a private placement. The treasury aims to generate approximately 12% passive yield through staking, positioning it among…

Tokenized Equity Product xStocks Launches on Ethereum

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XStocks, a tokenized stock product owned by Backed Finance, is launching on Ethereum with about 60 tokenized stocks, including NVIDIA, Amazon, Tesla, Meta and Walmart, according to an announcement on Tuesday. Before its debut on Ethereum, xStocks had launched on Solana, BNB Chain and Tron. Behind the platform is Backed Finance, a real-world asset (RWA) tokenization company that has been partnering with crypto exchanges, including Kraken and Bybit, to host its product. “Ethereum is one of the world’s most widely adopted smart contract networks — and xStocks were built to…

Trump-backed World Liberty Financial’s WLFI token launches at $30B valuation

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Key Takeaways World Liberty Financial launched its WLFI token with an initial valuation exceeding $30 billion. The project operates on Ethereum, has backing from Donald Trump, and its USD1 stablecoin is expanding across multiple chains. Share this article WLFI, issued by Trump-backed DeFi firm World Liberty Financial, went live on leading exchanges today at $0.3, giving the token a $30 billion fully diluted valuation. WLFI briefly surpassed $0.33 before retracing. At the time of writing, the token was trading at $0.29, with a market capitalization of $8.7 billion. It is…

Stateless Money Launches Index Token for Polkadot

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Key Takeaways Polkadot Index Network Token (PINT) will give holders exposure to the top projects in the Polkadot ecosystem. PINT will be developed by Stateless Money, a Polkadot staking service provider, in collaboration ChainSafe. PINT’s overall development will be overseen by a governing council that consists of Polychain Capital, Hypersphere Ventures, HashKey Capital, Acala, and Stateless. Share this article Stateless Money, a staking service that manages $150 million worth of assets, announced it would launch an index token for Polkadot. Index Investing Comes to Polkadot Polkadot is a fast-growing interoperable…

France’s 3rd Largest Bank Launches Tokenized Debt on Tezos

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Linux Foundation launches blockchain-based platform for insurance

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The Linux Foundation, the nonprofit technology consortium that supports the Linux operating system, is backing a new blockchain-based project for the insurance industry. On Monday, the foundation announced the launch of the Open Insurance Data Link platform, a project that aims to reduce the cost of insurance reporting and create a standardized insurance data repository using distributed ledger technology. OpenIDL is a joint initiative of the Linux Foundation and the American Association of Insurance Services, a national insurance advisory organization in the United States. The open-source project brings together major global insurance…