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CATEGORY: tradfi


Jul 04, 2024 03:10

How Chainlink Powers TradFi Tokenization with Fidelity, Sygnum

The trio's alliance underscores the growing adoption of tokenization by traditional financial institutions.

Continue reading at DailyCoin.

Real-world assets evolve finance by tokenizing everything, says Kinto co-founder

Author: Cointelegraph by Ray Salmond
United States
Jul 27, 2024 12:00

Real-world assets evolve finance by tokenizing everything, says Kinto co-founder

Real-world assets could catalyze the tokenization of everything, or at least Kinto thinks so.

Jul 26, 2024 12:25

Institutional Crypto Adoption Takes a Leap with Ethereum ETFs

The emergence of a new asset is a once-in-a-generation golden opportunity for investors. After the first meltdown, crypto is hot again, and TradFi has big plans for it.

The predicted yet unexpectedly swift approval of Ethereum ETFs by the SEC marks a new wave of institutional adoption of digital assets. It amplified the effect on the market from the BTC rally and the debut of its ETF,launched by TradFi heavyweights like Grayscale and Blackrock.

Renewed optimism is fostering increased cross-flows betweeninstitutions and the digital asset sector. BNY Mellon is expanding its digitalassets team. State Street plans to introduce crypto custody services. FranklinTempleton is considering launching a new crypto fund targeting tokens beyondBitcoin and Ethereum.

Franklin Templeton Weighs New Crypto Fund Investing in Tokens Beyond Bitcoin, Ether: Report https://t.co/I8xVuqEplm via @coindesk

Siciliano38 (@Sicilliano38) June 22, 2024

Paradoxically, a shift in mainstream acceptance of crypto as a legitimate asset class, propelled by institutions that were to be replaced by innovations, stemmed from the crypto community. If dont fix what isnt broken were a case for crypto, theflood of VC would continue its flow, but it has altered significantly.

Annual VCs inflow fell from $14.6 billion in 2021 to $9.6billion in 2022. In 2023, it plummeted to $1.62 billion, an 83% crash YoY. So what are the new directions?

CeFi Re-Focusing

In Q1 2024, crypto showed signs of recovery. Total VC funding surged by 40% to Q4 2023, reaching $2.4 billion. For the first time since 2022, it exceeded $1 billion for two straight months. In contrast, crypto CeFi funding does not fall into the same basket. In total, startups attracted $232m, a 58% yoy drop from Q1 2023 ($553million) and 59% less than in Q4 2023 ($572.21m).

Historically, VC flagship projects were indicators of markettrends. Funding patterns indicate that crypto CeFi is undergoing a refocus. InQ1 2024, investors funded 13 types of projects, a sharp decline from 31 in 2023and 54 in 2022.

In 2022 and 2023, CeFi funding diversified across multipleareas, covering widely recognized categories like social trading and extendinginto analytics, taxes, and accounting. In 2024, funding was primarily curtailed to digital assetmanagement, exchanges, trading, liquidity, payments, and custody. Promising orhype-wheeled projects are no longer prioritized for the A-list.

In other words, venture capital's center of gravity is shifting towards projects that integrate crypto-native financial environments with TradFi frameworks, which have been shaped by the financial industrys experiences with crashes, bubbles, and overpromises. Who are the survivors of crypto-drought?

Clearing, Custody, and Regulatory-compliance

In Q1 2024, ClearToken attracted a $10 m seed round. It intends to be fully regulated in the UK and has initiated the process of obtaining clearing house recognition from the Bank of England. The seed round was co-led by FlowTraders, a crypto-trading firm with strong ties to TradFi.

Securitize raised $47m in a strategic round involving BlackRock to further develop a regulatory-compliant platform for issuing and trading digital asset securities. Though the details of funding for FireBlocks, BitGo, HQLAX, and EDX Markets are undisclosed, among their investors are Haun Ventures, HSBC, BNPParibas Securities, BNY Mellon, and other prominent TradFi veterans.

#Binance teams up with @Mastercard to launch a new prepaid card in Argentina, bringing crypto payments into the region Users can enjoy: Making purchases in crypto (#BTC, #BNB & more) Up to 8% in crypto cashback Zero fees on ATM withdrawals

Binance (@binance) August 4, 2022

This trend is reinforced by the ongoing expansion oftraditional finance players into the digital assets realm. PayPal is preparingto launch its own on-chain stablecoin, while Mastercard begins its foray intopeer-to-peer crypto payments in Argentina, Brazil, Chile, France, Guatemala,Mexico, Panama, Paraguay, Portugal, Spain, Switzerland, and Uruguay.

Bridging the Trust Gap

The green light for crypto-related vehicles marked two strongtrends, whetting institutions' appetite to embrace crypto for the long term. First, it became the fastest-growing ETF sector in history. Whilst the real outcomes to measure institutions' involvement are on a 6-12 month horizon, it undeniably reversed the setting for bridging crypto and TradFi.

#Bitcoin ETFs were (finally) just approved for trading tomorrow, after ten years. Maybe the politics in Congress around cryptocurrency will get better once they realize it's backstopping pension funds and retirement accounts.

Edward Snowden (@Snowden) January 10, 2024

Second, and much more importantly, it boosted its legitimacy, which means investors have a once-in-a-generation opportunity whena new asset class emerges. Probably, the last one was years ago, when themarket witnessed the emergence of FX derivatives.

To seize the moment, the market cannot remain in the bundling mold, whereas activities are concentrated in a single point. TradFi market setups, with distributed risks and conflicts of interest resolved, maybe the benchmark that crypto needs to scale and build trust. In short, unbundle to grow.

This article was written by Konstantin Shulga at www.financemagnates.com.

Jul 24, 2024 02:15

Tokenisation: A Future-Ready Solution for Financial Markets, Says Bitfinex


Bitfinex argues that tokenisation is a crucial innovation for modernising financial markets, countering skepticism from traditional finance. (Read More)

Jun 21, 2024 02:15

Chainlink (LINK) Introduces CCIP Programmable Token Transfers for Advanced DeFi and TradFi Applications


Chainlink (LINK)'s CCIP Programmable Token Transfers offer enhanced smart contract and tokenization use cases for DeFi protocols and TradFi institutions. (Read More)

May 10, 2025 01:15

BlackRock meets SEC Crypto Task Force to discuss tokenization, ETP rules

BlackRock representatives met with the US Securities and Exchange Commissions (SEC) Crypto Task Force on May 9 to seek guidance on a range of crypto regulatory issues, including tokenization, staking, and approval frameworks for exchange-traded products (ETPs). According to the meeting memo, BlackRock reviewed its digital asset offerings, including the iShares Bitcoin Trust (IBIT), the […]

The post BlackRock meets SEC Crypto Task Force to discuss tokenization, ETP rules appeared first on CryptoSlate.

May 10, 2025 01:15

Spot Bitcoin ETFs set lifetime flow record at $40.3B as price recovers

Spot Bitcoin (BTC) exchange-traded funds (ETFs) traded in the US reached a new all-time high of $40.3 billion in lifetime flows on May 8, according to Bloomberg data. Bloomberg senior ETF analyst Eric Balchunas said lifetime net flows are the most critical metric related to ETFs to watch. He explained that this metric is “very […]

The post Spot Bitcoin ETFs set lifetime flow record at $40.3B as price recovers appeared first on CryptoSlate.

SEC considers crypto exemption to streamline tokenized securities trading

Author: Oluwapelumi Adejumo
United States
May 09, 2025 01:15

SEC considers crypto exemption to streamline tokenized securities trading

The US Securities and Exchange Commission (SEC) is reviewing a potential exemption order allowing firms to issue and trade securities using distributed ledger technology (DLT). SEC Commissioner Hester Peirce revealed this plan during a May 8 address at the agency’s International Institute for Securities Market Growth and Development. SEC’s proposed crypto framework According to Peirce, […]

The post SEC considers crypto exemption to streamline tokenized securities trading appeared first on CryptoSlate.

FCA crypto regulators will take the best from TradFi and DeFi, says exec

Author: Cointelegraph by Helen Partz
United States
May 09, 2024 12:00

FCA crypto regulators will take the best from TradFi and DeFi, says exec

The United Kingdoms FCA has been combining different approaches to regulating the crypto market to see which one would work best.

May 08, 2025 01:10

Revolut partners with Lightspark to integrate Bitcoin lightning payments

UK fintech giant Revolut has partnered with Lightspark to bring Lightning Network support for Bitcoin (BTC) payments to users in the UK and select European Economic Area countries, the companies announced on May 7. The integration enables near-instant, low-cost Bitcoin transactions for Revolut users by leveraging Lightsparks enterprise-grade infrastructure. It marks a major milestone for […]

The post Revolut partners with Lightspark to integrate Bitcoin lightning payments appeared first on CryptoSlate.

Vivek Ramaswamys Strive makes bold move as first NASDAQ-listed asset manager with a Bitcoin treasury

Author: Oluwapelumi Adejumo
United States
May 08, 2025 01:10

Vivek Ramaswamys Strive makes bold move as first NASDAQ-listed asset manager with a Bitcoin treasury

Strive Asset Management has agreed to merge with Asset Entities Inc., setting the stage for a bold transition into a Bitcoin-focused treasury company. According to a May 7 statement, the deal will see the combined firm operate under the Strive name and continue trading on NASDAQ. The firm said the move would create the first […]

The post Vivek Ramaswamy’s Strive makes bold move as first NASDAQ-listed asset manager with a Bitcoin treasury appeared first on CryptoSlate.

Hong Kong brokerage Futu adds crypto deposits with Bitcoin rewards for users

Author: Oluwapelumi Adejumo
United States
May 08, 2025 01:10

Hong Kong brokerage Futu adds crypto deposits with Bitcoin rewards for users

Futu Securities, a prominent brokerage based in Hong Kong, has rolled out crypto “deposit services” for users on its Futu NiuNiu platform. According to a May 7 statement, the launch lets investors deposit and trade leading digital assets such as Bitcoin, Ethereum, and Tether. Futu NiuNiu, already known as Hong Kong’s top stock trading app, […]

The post Hong Kong brokerage Futu adds crypto deposits with Bitcoin rewards for users appeared first on CryptoSlate.

BlackRocks Bitcoin Trust surpasses gold-backed ETF inflows despite the precious metals historic rally

Author: Oluwapelumi Adejumo
United States
May 07, 2025 01:10

BlackRocks Bitcoin Trust surpasses gold-backed ETF inflows despite the precious metals historic rally

BlackRock’s iShares Bitcoin Trust (IBIT) has attracted more capital this year than the largest gold-backed ETF. On May 6, Bloomberg Senior ETF analyst Eric Balchunas reported that IBIT ranked as the US’ sixth-highest fund by year-to-date inflows. According to the data, IBIT has pulled in over $6.9 billion since January, outperforming the SPDR Gold Shares […]

The post BlackRock’s Bitcoin Trust surpasses gold-backed ETF inflows despite the precious metal’s historic rally appeared first on CryptoSlate.

May 23, 2025 01:15

Kraken to launch 24/7 trading for tokenized US stocks via Solana

Kraken is preparing to roll out a new product that will allow users in select countries outside the US to trade tokenized versions of major American stocks and ETFs 24/7. According to the May 22 announcement, the offering will include names such as Apple, Tesla, and Nvidia, with plans to expand the selection over time. […]

The post Kraken to launch 24/7 trading for tokenized US stocks via Solana appeared first on CryptoSlate.

Strategy seeks to raise $2.1 billion from STRF stock offering to bolster its Bitcoin holdings

Author: Oluwapelumi Adejumo
United States
May 23, 2025 01:15

Strategy seeks to raise $2.1 billion from STRF stock offering to bolster its Bitcoin holdings

Strategy (formerly MicroStrategy) has unveiled plans to raise $2.1 billion via sales of its Series A Perpetual Strife Preferred Stock (STRF). According to the May 22 statement, the stock will be issued under an at-the-market (ATM) program. This structure allows Strategy to sell shares gradually, based on favorable market conditions like trading volume and price. […]

The post Strategy seeks to raise $2.1 billion from STRF stock offering to bolster its Bitcoin holdings appeared first on CryptoSlate.

May 21, 2025 01:10

Sovereign entities opt for indirect Bitcoin exposure via Strategy to bypass constraints StanChart

Sovereign wealth funds and state institutions are increasingly opting to gain Bitcoin (BTC) exposure through Strategy (MSTR) rather than spot BTC exchange-traded funds (ETFs), according to Standard Chartereds head of digital assets research, Geoffrey Kendrick. In an investor report published May 20, Kendrick said that regulatory filings show that increased MSTR holdings drove the bulk […]

The post Sovereign entities opt for indirect Bitcoin exposure via Strategy to bypass constraints StanChart appeared first on CryptoSlate.

Strive eyes 75,000 distressed Bitcoin claims from bankrupt Mt. Gox estate for its reserves

Author: Oluwapelumi Adejumo
United States
May 21, 2025 01:10

Strive eyes 75,000 distressed Bitcoin claims from bankrupt Mt. Gox estate for its reserves

Strive Asset Management Firm has partnered with 117 Castell Advisory Group to acquire distressed Bitcoin claims, including those linked to the long-defunct Mt. Gox exchange. According to a May 20 filing with the US Securities and Exchange Commission (SEC), the firms will target claims that have received definitive legal rulings but are still awaiting distribution. […]

The post Strive eyes 75,000 distressed Bitcoin claims from bankrupt Mt. Gox estate for its reserves appeared first on CryptoSlate.

May 21, 2025 01:10

Robinhood calls on SEC to establish unified regulatory framework for tokenized RWAs

Robinhood has submitted a detailed proposal to the US Securities and Exchange Commission (SEC), calling for the creation of a federal framework to regulate tokenized real-world assets (RWAs), which represent a potential $30 trillion market, Forbes reported on May 20. The 42-page filing outlines a legal infrastructure that would allow digital tokens representing traditional financial […]

The post Robinhood calls on SEC to establish unified regulatory framework for tokenized RWAs appeared first on CryptoSlate.

Bitcoin ETFs are orange FOMO poker chips that siphon on-chain funds back into TradFi

Author: Cointelegraph by Zoltan Vardai
United States
May 21, 2024 12:00

Bitcoin ETFs are orange FOMO poker chips that siphon on-chain funds back into TradFi

Bitcoins goal of creating a decentralized financial system may be challenged by ETFs dragging money back into the TradFi world, according to a macro researcher.

Kraken achieves revenue boost in Q1 2025 but faces North Korean hacking scare

Author: Oluwapelumi Adejumo
United States
May 03, 2025 01:15

Kraken achieves revenue boost in Q1 2025 but faces North Korean hacking scare

Kraken started 2025 on a high note, reporting a 19% increase in revenue year-over-year to $472 million for the first quarter. The May 1 earnings statement also highlighted a 1% quarter-over-quarter rise in adjusted EBITDA, reaching $187 million. Meanwhile, the company’s performance indicators showed similar momentum. The firm noted that its total trading volume rose […]

The post Kraken achieves revenue boost in Q1 2025 but faces North Korean hacking scare appeared first on CryptoSlate.

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