Polytrade, known for its role in the real-world asset (RWA) protocol space, is advancing its platform capabilities to address the complexities of real-world assets. The company is launching an RWA Marketplace, designed to streamline the aggregation, tokenization, and liquidity processes for RWAs. Creation of a Comprehensive RWA Marketplace The proposed RWA Marketplace by Polytrade aims...
StaFi Protocol has implemented Distributed Validator Technology (DVT) from the Shared Security Validator (SSV) network into the Ethereum mainnet, enhancing node accessibility for validators staking $rETH. DVT allows validators to operate across multiple nodes and employs various security measures to prevent key theft and slashing. The integration also introduces Decentralised VPN (DVPN) to the system...
Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui, announced new regulations for the tokenization sector during the Hong Kong Fintech Week. He dismissed concerns about the JPEX scandal affecting the growth of the web3 market. The upcoming regulations will focus on token issuance, wallets, and other virtual asset regulations beyond exchanges. The...
Nocturne, a protocol for on-chain private accounts, has raised $6 million in a seed funding round. Learn more: Yahoo News
Renowned crypto expert Jason Friedman has pointed out similarities between Ripple Labs and Amazon. He believes that Ripple is following a similar business model to Amazon in its early days, focusing on long-term growth and expansion. Friedman cites statements from Jeff Bezos and Brad Garlinghouse, CEOs of Amazon and Ripple respectively, that support this comparison....
● Untangled Finance, a tokenized real-world asset marketplace, has gone live on the Celo network after securing a $13.5 million investment. ● The London-based asset management firm Fasanara Capital led the investment round and has also opened two credit pools on the platform. ● Untangled Finance plans to expand to Ethereum and Polygon via Chainlink’s...
The US Commodity Futures Trading Commission’s enforcement division has reportedly found that the co-founder of Voyager Digital violated derivatives regulations before the company’s bankruptcy last year. Stephen Ehrlich is accused of misleading customers about the safety of their assets, according to sources. Voyager filed for bankruptcy in July 2020 due to a fall in crypto...
Today marks the start of the trial for Sam Bankman-Fried, the founder of FTX, a former cryptocurrency exchange, in a courtroom located in New York City. Bankman-Fried and former executives of FTX are on trial for allegedly orchestrating one of the biggest financial frauds in US history. FTX collapsed last November, claiming $8 billion in...
The tokenized Treasuries market has grown sixfold this year to $668 million, according to one data provider. The offering is accessible to individual accredited investors, regulated institutions, companies, funds and decentralized autonomous organizations, according to the firm’s press release. Third-party distributors can also integrate OpenTrade’s pool and power their own white-labeled yield offering. OpenTrade’s initial...
Banks and blockchains: Together at last? Tokenization, the blockchain-based ownership and exchange of real-world assets (RWA), was one of the buzzwords at last week’s Sibos conference in Toronto, the global banking industry’s annual technology convention. Old hands in the cryptocurrency field are probably rolling their eyes, remembering the “blockchain, not bitcoin” narrative that was popular...
