BlackRock, a $9 trillion asset management firm, has confirmed its plans to launch a spot Ethereum exchange-traded fund (ETF). The firm filed a 19b-4 form with the United States Securities and Exchange Commission, signaling its intention to expand beyond Bitcoin. This move comes after BlackRock registered a corporate entity called “iShares Ethereum Trust” in Delaware. […]
Asset management giant BlackRock has submitted a request to the Securities and Exchange Commission (SEC) for approval to list the BlackRock Ethereum Trust on the Nasdaq exchange. This move comes after BlackRock registered its iShares Ethereum Trust with Delaware, indicating that an SEC filing was imminent. Unlike existing products such as the Grayscale Ethereum Trust, […]
SC Ventures, the fintech investment arm of Standard Chartered, is partnering with Japanese financial conglomerate SBI Holdings to establish a “Digital Asset Joint Venture” investment company in the UAE. The joint venture aims to make strategic and minority investments in various areas, including market infrastructure, risk management, compliance tools, DeFi, tokenization, consumer payments, and the […]
The Progmat Coin ecosystem is making progress in Japan, with the aim of launching two stablecoins in the summer of 2024. Progmat, along with Mitsubishi UFJ Financial Group (MUFG) and wallet provider Ginco, is conducting a study to issue a yen-denominated stablecoin (XJPY) and a dollar-denominated stablecoin (XUSD). This initiative is expected to improve the […]
HSBC Holdings Plc, one of the world’s largest banks, is making a strategic move in the financial industry by offering custody services for digital assets to institutional clients. In collaboration with Metaco, a decentralized finance firm owned by Ripple, HSBC plans to provide secure and efficient management of digital assets. This move is in response […]
XRP’s market capitalization has increased by over $2 billion following Ripple’s expansion of its global payments network into three new corridors. The San Francisco-based firm has partnered with payments fintech company Onfariq to open routes connecting Africa, the UK, Australia, and Gulf Cooperation Council (GCC) countries. This partnership aims to eliminate traditional problems associated with […]
Binance, a leading cryptocurrency exchange, has recently launched a new self-custody Web3 wallet. This wallet allows users to easily interact with the decentralized finance (DeFi) ecosystem. To create a wallet, users are required to use the Binance app, which also serves as a platform for various activities such as staking, lending, and borrowing. One notable […]
Central banks are being urged to embrace the digital age and take the lead in innovation, according to Agustín Carstens, General Manager of the Bank for International Settlements (BIS). Speaking at a conference in Basel, Carstens highlighted central bank digital currencies (CBDCs) as a key element in this transformation. However, he also acknowledged the challenges […]
Ripple, the fintech company, has made major announcements at the Ripple Swell Conference 2023. Firstly, they have rebranded their flagship product RippleNet as Ripple Payments, signaling a strategic shift towards enhancing blockchain-enabled cross-border payments and promoting enterprise crypto adoption. The rebranded product now covers over 70 crypto and traditional payout markets, expanding the scope of […]
HSBC has announced a partnership with tech firm Metaco to integrate its institutional platform, Harmonize, with HSBC’s new custody service for digital assets. The bank plans to launch this custody service in 2024, which will complement its existing digital asset issuance platform, HSBC Orion, and its offering for tokenized physical gold. Together, these services will […]
