Goldman Sachs and BNY Mellon blockchain platform for tokenizing money market funds
Blockchain News

Revolutionary Blockchain Platform by Goldman Sachs and BNY Mellon to Tokenize $7.1T Money Market

In a groundbreaking move, Goldman Sachs and BNY Mellon have unveiled a blockchain platform designed to tokenize the $7.1 trillion money market. This initiative marks a pivotal moment in the fusion of traditional finance with decentralized technology, offering unprecedented efficiency and transparency. What Does the Blockchain Platform Aim to Achieve? The platform leverages blockchain technology […]

A chart showing a significant $1.02 billion inflow into Spot Ethereum ETFs, highlighting robust Ethereum investment and market confidence.
Ethereum News

Spot Ethereum ETFs Witness Historic $1.02 Billion Surge in Inflows

The landscape of digital asset investment recently witnessed a monumental shift. U.S. spot Ethereum ETFs achieved a remarkable milestone. They recorded a combined net inflow of approximately $1.02 billion on August 11. This figure represents the largest single-day total since their inception. Furthermore, it marks the first occasion daily inflows surpassed the $1 billion threshold. […]

Paxos seeking U.S. trust bank license to bolster its stablecoin operations and compliance.
Blockchain News

Paxos Pursues Pivotal U.S. Trust Bank License

The cryptocurrency landscape continues its relentless march towards greater institutionalization and regulatory clarity. In a significant development, stablecoin issuer Paxos is reportedly planning to apply for a full U.S. trust bank license through its American office. This strategic move, initially reported by Unfolded on X, underscores a broader trend within the digital asset industry to […]

A visual representation of South Korea's financial market, highlighting the missing short-term bonds crucial for its South Korea stablecoin development.
Blockchain News

South Korea Stablecoin: Critical Shortage of Bonds Threatens Won-Denominated Ambitions

South Korea stands at a crucial crossroads in the global race for digital currency dominance. Specifically, the nation’s aspirations for a robust South Korea stablecoin ecosystem face a significant, unexpected challenge. Experts indicate a critical absence of suitable short-term government bonds. These assets are vital for anchoring any future won-denominated stablecoin. This shortfall directly impacts […]

Banca Sella and Fireblocks collaborate on stablecoin custody innovation in Italian banking.
Blockchain News

Banca Sella Pioneers Stablecoin Custody with Fireblocks: A Bold Step for Italian Banking

In a groundbreaking move, Italy’s Banca Sella is piloting stablecoin custody with Fireblocks, signaling a major shift in traditional banking’s approach to blockchain technology. This initiative could redefine how banks interact with digital assets. Why Is Banca Sella Exploring Stablecoin Custody? Banca Sella’s internal pilot focuses on stablecoin custody, a critical area for banks entering […]

Kraken and Backed Finance launch tokenized equities for global financial access
Blockchain News

Kraken and Backed Finance Revolutionize Finance with Tokenized Equities for Global Access

Imagine a world where trading stocks is as seamless as sending a cryptocurrency. Kraken and Backed Finance are turning this vision into reality with their groundbreaking tokenized equities. This innovation promises to redefine global financial access, making markets more inclusive and programmable. Why Tokenized Equities Are the Future Tokenized equities represent a transformative shift in […]