Teylor, a German fintech firm, has partnered with digital asset infrastructure provider Taurus to tokenize small and medium enterprise (SME) loans. Through Teylor’s credit platform, SME loans will be originated and managed, while a portion of the credit portfolio will be tokenized on the Taurus infrastructure and TDX-regulated marketplace. This allows professional private debt investors […]
TMX Group, the operator of Canadian stock exchanges, is set to acquire VettaFi, a major player in the exchange-traded fund (ETF) industry. The deal, valued at $1.03 billion, will see TMX Group acquire the remaining 78% of VettaFi’s common units. This acquisition will enhance TMX Group’s information business and provide new capabilities in the ETF […]
As the U.S. Securities and Exchange Commission (SEC) reviews filings for spot Bitcoin exchange-traded funds (ETFs), it is insisting on a “cash” redemption model rather than alternative models proposed by issuers like BlackRock. Invesco, the latest ETF applicant, has now agreed to use a cash creation and redemption model for its ETF. The SEC has […]
Loyal readers of The Protocol will recall our riff in last week’s issue, headlined “Bitcoin Censorship, or Just ‘Spam Filtering?’” The gist of the story is that some Bitcoin purists are trying to keep the oldest and largest blockchain free from non-financial transactions – such as the text snippets and images that some people are […]
Uniswap, the leading decentralized exchange (DEX) in the world of decentralized finance (DeFi), has made a groundbreaking move by deploying its version 3 (v3) on Rootstock, a Bitcoin sidechain. This integration merges the innovative smart contracts of Uniswap, originally designed for Ethereum, with the robust security of Bitcoin’s proof-of-work network.By exploring the Bitcoin universe, Uniswap […]
BlackRock’s proposed spot bitcoin ETF has made a change to its mechanics that could potentially involve Wall Street banks in the cryptocurrency market. The change allows authorized participants (APs) to create new fund shares using cash instead of cryptocurrency. This is significant because regulated U.S. banks are unable to hold bitcoin themselves. By acting as […]
DWS, the fund subsidiary of Deutsche Bank, is partnering with Flow Traders, an ETP market maker, and crypto specialist Galaxy to launch a joint venture called Allunity. The Frankfurt-based joint venture aims to promote asset tokenization and introduce a euro-denominated stablecoin in the European market. The collaboration is driven by the increasing focus on digital […]
Howard Lutnik, CEO of Cantor Fitzgerald, recently shared his insights on the future of the crypto industry, highlighting Tether and Bitcoin during the CNBC Money Movers Podcast. Lutnik expressed confidence in Tether’s treasury holdings and Bitcoin’s market-driven appeal amidst a looming wave of real estate defaults.Setting the macro-economic picture, Lutnik predicted a substantial wave of […]
M2, a startup in the fintech and crypto industry, has achieved remarkable success in just over a year. Led by CEO Stefan Kimmel, who previously served as Chief Commercial Officer at Kraken MENA, the company has managed to launch multiple products and overcome various challenges.The team at M2 consists of highly experienced professionals who have […]
Deutsche Bank’s asset management arm, DWS, has announced a new partnership with Galaxy Digital and Flow Traders to launch a euro-denominated stablecoin called AllUnity. The stablecoin will be “fully collateralized” and regulated by the German Federal Financial Supervisory Authority (BaFin). The goal of AllUnity is to promote the mass adoption of digital assets and tokenization.AllUnity […]
