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CATEGORY: invests


Mar 07, 2025 05:55

Trumps World Liberty Invests $20 Million in Cryptocurrency in Preparation for March 7 Summit

World Liberty, an organization closely aligned with former President Donald Trump, has made a significant investment in the cryptocurrency market. Reports indicate that they purchased over $20 million worth of various digital assets just before the upcoming summit. This move has sparked excitement and speculation within the crypto community, as many are curious about the [...]

The post Trump’s World Liberty Invests $20 Million in Cryptocurrency in Preparation for March 7 Summit appeared first on Crypto Breaking News.

Mar 13, 2025 05:55

Abu Dhabis MGX Invests $2 Billion in Binances Stablecoin Boosting Crypto Partnership

Abu Dhabi Firm MGX Supports Binance’s $2 Billion Stablecoin Investment Abu Dhabi-based investment firm MGX has shown its support for Binance’s recent $2 billion investment in a stablecoin project. This move reflects a growing interest from traditional financial institutions in the rapidly evolving cryptocurrency market. The partnership between MGX and Binance demonstrates a strategic collaboration [...]

The post Abu Dhabi’s MGX Invests $2 Billion in Binance’s Stablecoin – Boosting Crypto Partnership appeared first on Crypto Breaking News.

FTX continues to grow its empire, invests in Coral’s Backpack

Author: noreply@blogger.com (Unknown)
United States
Sep 28, 2022 11:20

FTX continues to grow its empire, invests in Coral’s Backpack

Crypto exchange FTX, led by Sam Bankman-Fried, has received a lot of press this year for acting as a lender “of last resort”, launching bids for distressed companies such as BlockFi, as the contagion crisis spread across the crypto markets.

Today, it was announced that the venture arm, FTX Ventures, is co-leading a $20 million strategic round into Coral, the makers of Anchor, the most popular Solana development framework.

The funds will be used to launch Coral’s first flagship product, named Backpack. The premise for Backpack is intriguing –  an interactive wallet that delivers crypto-native experiences through executable NFTs (xNFTS). The idea is that users can access all of their assets and decentralised apps in one place.

It seems simple, but that’s kind of the point. I have written many a time about how one of crypto’s biggest problems remains how clunky the wallet experience can be. Additionally, jumping between browsers, tabs and wallets is a nuisance. Backpack, therefore, aims to help smooth out these issues.

Backpack is designed to be a flexible tunnel, allowing users to land at applications, games or assets across blockchains – again, something which crypto has not been very good at to date. This problem is possibly why FTX Ventures had their heads turned by this investment, alongside other participation from Jump Crypto (co-leaders as well), Milticoin Capital, Anagram and K5 Global.

This is potentially the ‘iPhone launch moment’ for Web 3 with xNFTs as apps, xNFT marketplace as the App Store, and CoralOS as the iOS. It is surprising that Backpack hasn’t been built in Web3 until now

Ramnik Arora, Head of Product at FTX

Of course, this is a crypto startup and, like any startup, poses a healthy degree of risk. Add into the mix the turbulent macro climate, where financial assets across the sphere are getting hammered, and it is definitely a nervous time to be a start-up.

Nonetheless, the raise is a powerful signal of intent and some welcome good news, something we are getting precious little of these days.

For FTX, they’ll be hoping that Coral’s Backpacker will deliver on its potential and provide returns that only crypto startups can. Backpack has been launched recently into Private Beta, and – purists will be delighted to know – the code is open-source.

I wrote recently about how well run FTX has been, alongside Binance, when compared to most exchanges. The company has been led prudently by Sam Bankman-Fried, and as the bear market has arrived, the gulf between FTX and Binance and some of the other more aggressive players in the space has become glaringl obvious.

As is the nature of the game, this is a longshot investment. But FTX continues to expand their portfolio and grow their influence on the cryptocurrency industry. It will be hoping that someday down the line, the money mentioned in this article is peanuts compared to what it is worth.  

The post FTX continues to grow its empire, invests in Coral’s Backpack appeared first on Invezz.



from Cryptocurrency – Invezz

JP Morgan invests in $20 million round for digital assets firm Ownera

Author: noreply@blogger.com (Unknown)
United States
Sep 14, 2022 11:20

JP Morgan invests in $20 million round for digital assets firm Ownera

JP Morgan (NYSE: JPM) is among investors backing Ownera, a digital assets trading platform for tokenised securities, the crypto network announced on Wednesday.

Per a press release, the banking giant joined German-based investment and fund management firm LRC Group and crypto-focused investments firm Accomplice Blockchain in Ownera’s $20 million Series A funding round.

The financing round also attracted investments from Draper Goren Holm, tokentus Investment AG, Archax, Polymorphic Capital, and The Ropart Group.

A solution for tokenisation of securities

Ownera is focused on creating an integrated inter-trading network for digital securities, offering an efficient interconnection of siloed tokenisation platforms and trading interfaces. The goal is to have a seamless interoperability across all types of securities tokenisation engines – be it on a public or private blockchain, the firm noted.

The platform also seeks to offer financial institutions a solution through which their clients can access a digital securities wallet. According to Ownera, customers can leverage these tools to securely trade, lend and borrow against any connected set of tokenised assets.

Ownera thus plans to use the capital injection to accelerate development and deployment of its product, which co-founder & CEO, Ami Ben-David commented by stating:

“It is commonly accepted that the tokenisation of securities has the capacity to digitize markets with total value in the trillions of dollars. Dozens of platforms are being deployed by financial institutions across the market, and our job is to be the neutral layer, seamlessly interconnecting them into one global distribution and liquidity network, using open-source network specifications.”

Scott Lucas, the head of Markets DLT at JP Morgan noted that Ownera’s solution has the capacity to positively impact liquid marketplace for tokenised assets. He believes the digital asset firm has developed a product that could enhance multi-chain connectivity as platforms build towards a liquid marketplace.

Lucas and LRC Chairman Nadav Zohar are set to join Ownera’s board, with the latter taking up the Executive Chairman’s position.

The post JP Morgan invests in $20 million round for digital assets firm Ownera appeared first on Invezz.



from Cryptocurrency – Invezz

Feb 11, 2025 05:50

Metaplanets Share Price Soars by 4,800% after Company Invests in Bitcoin

MetaPlanet’s shares have experienced a significant increase due to its innovative Bitcoin reserve strategy. The company’s approach to storing value in BTC has garnered attention from investors, leading to a surge in stock prices. MetaPlanet’s decision to adopt a Bitcoin reserve strategy sets it apart from traditional investment firms. By diversifying its holdings to include [...]

The post Metaplanet’s Share Price Soars by 4,800% after Company Invests in Bitcoin appeared first on Crypto Breaking News.

May 16, 2023 11:10

Peter Thiel invests in Bitcoin startup River’s $35M funding round

Bitcoin technology and financial services startup River has secured $35 million in its Series B funding round, led by Kingsway Capital. According to a press release from the company, the funding round also attracted several prominent investors, including Peter Thiel. Others who backed the startup’s financing round were Goldcrest, Cygni, M13, Valor Equity Partners, Esas …

<p>The post Peter Thiel invests in Bitcoin startup River’s $35M funding round first appeared on CCNC | Cryptocurrency Newscast.</p>

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