DBS Bank launches blockchain-powered treasury tokens pilot

The total size of tokenized illiquid assets, including real estate and natural resources could reach $16.1 trillion by 2030, according to the Boston Consulting Group (BCG).In a newly released report from BCG and digital exchange for private markets ADDX, authors including BCG managing director Sumit Kumar and ADDX co-founder Darius Liu noted that “a large…

The separately managed account will be exclusively available for Coinbase Prime users, and specifically targets the institutional investor. 266 Total views 3 Total shares Cryptocurrency exchange Coinbase has penned a partnership agreement with One River Digital Assessment Management to provide institutional-grade wealth managers with an exclusive platform to acquire digital asset investments, and engage in…

Bitcoin 2021, the biggest Bitcoin event in history with a sold-out crowd of at least 12,000 attendees in Miami, is kicking off with some of the world’s biggest industry players.The conference will be one of the largest crypto gatherings to emerge following the COVID-19 pandemic, with organizers expecting more than 50,000 attendees. An unofficial part…

HSBC files metaverse and NFT patentsBritish banking institution HSBC filed a series of metaverse and nonfungible token (NFT)-related trademark applications. A June 12 filing to the United States Patent and Trademark Office (USPTO) show the bank’s trademarks including metaverse banking, consulting, and financial services, along with virtual credit cards that point to a potential launch of…

Monopolizing a market is legal in some instances, but not others. 2039 Total views 21 Total shares The United States Department of Justice is filing suit against Visa for its acquisition of Plaid, which the DoJ is arguing is an illegal play to achieve monopoly. According a complaint filed by the DoJ on Thursday: "Visa seeks to buy…

Lukka said it planned to use the funds for “aggressive growth and global expansion strategy” with its current customer base dealing in products related to the crypto space. 152 Total views 46 Total shares Cryptocurrency accounting and data company Lukka said it had raised $110 million in a new funding round led by hedge fund…

Terra (LUNA) has plunged significantly after witnessing a FUD attack on its native stablecoin TerraUSD (UST).The LUNA/USD pair dropped 20% between May 7 and May 8, hitting $61, its worst level in three months, after a whale mass-dumped $285 million worth of UST. As a result of this selloff, UST briefly lost its U.S. dollar peg,…

The first quarter of 2025 has been highly volatile for crypto. Investor sentiment has swung from one extreme to the other as Bitcoin (BTC) rallied to all-time highs, endured a major correction, and received a major presidential boost from Donald Trump. Amid all the noise, venture capital firms continued to broaden their exposure to blockchain

Institution-oriented crypto trading platform Omniex has expanded its staff with high profile experts, including former execs of major U.S. financial regulators, according to a press release Aug. 7. Omniex has appointed former U.S. Securities and Exchange Commission (SEC) chairman Arthur Levitt and Federal Deposit Insurance Corp (FDIC) chair Sheila Bair as members of the board…