HONG KONG — Consensus Hong Kong’s first day ended with the promise of new financial products linked to crypto in the special administrative region of China. Hong Kong’s chief executive and secretary of finance and executive director of the Securities and Futures Commission all laid out their priorities for regulation, saying Hong Kong would start […]
Summary of Day 1 of Consensus Hong Kong Read More »
Aviva Investors, the asset management arm of UK insurer Aviva (AV), plans to tokenize traditional fund structures on the XRP Ledger (XRPL) in a deal with blockchain firm Ripple, the companies said in a press release on Wednesday. The collaboration will see Ripple support Aviva Investors in issuing and managing tokenized funds on XRPL, a
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Bitcoin BTC$67,016.00 fell 2.4% in the past 24 hours to around $66,900, while ether ETH$1,950.42 lost 2.7% to trade back below $2,000. The broader CoinDesk 20 (CD20) index fell 3.7%. The declines weighed on crypto-related stocks. Coinbase (COIN) fell about 4% in premarket trading, while rival exchange Bullish (BLSH), which owns CoinDesk, fell 2.3%. Bitcoin
If there is a classic technology hype cycle attached to tokenization – the representation of any asset on blockchains like Ethereum – we are barely getting started. That’s according to Min Lin, managing director of global expansion at Ondo, who pointed out that the US Treasury bond market alone is worth $29 trillion. Adding the
HONG KONG – Hong Kong is poised to start issuing the first of its stablecoin licenses next month, the Special Administration Region’s finance secretary said on Wednesday. Hong Kong will only issue a small batch of licenses initially, Hong Kong’s Paul Chan Mo-Po said Wednesday at CoinDesk’s Consensus Hong Kong conference. “By granting our licenses,
Hong Kong ready to issue first stablecoin licenses in March, finance minister says Read More »
Arkham Exchange, the cryptocurrency trading platform built by data analytics firm Arkham Intelligence, is shutting down, according to a person familiar with the matter. Arkham, whose backers include OpenAI CEO Sam Altman, did not respond to requests for comment. The company, which was founded in 2020 and now boasts over 3 million registered users, shot
HONG KONG – Thomas Lee, chairman of ether ETH$1,948.79 Financial company BitMine Immersion (BMRN), said the next generation major financial institution may not come from Wall Street, but from YouTube. Speaking on stage at Consensus Hong Kong on Wednesday, Lee argued that MrBeast’s move into banking could position the video creator as the primary financial
Binance, the world’s largest cryptocurrency exchange, is partnering with crypto-friendly trading firm Franklin Templeton to offer an off-exchange institutional collateral program that makes digital markets safer and capital efficient. The new service allows eligible clients to use tokenized money market fund shares issued through Franklin Templeton’s Benji Technology Platform as off-exchange collateral to trade on
EMB: 11 February at 06:00 UTC Decentralized finance (DeFi) protocol Spark is pushing one of DeFi’s deepest pools of stablecoin liquidity further into institutional markets, unveiling new lending infrastructure designed to connect on-chain capital with off-chain borrowers who have largely stayed out of DeFi. The protocol introduced Spark Prime and Spark Institutional Lending in an
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HONG KONG – Financial regulators in Hong Kong will unveil a framework for trading platforms that can offer perpetual contracts, the head of the region’s Securities and Futures Commission said on Wednesday. Brokers in Hong Kong will soon be able to provide financing to clients backed by bitcoin BTC$67,668.26 and ether ETH$1,976.46 and platforms will
Hong Kong working to allow perpetual contracts, chief regulator says Read More »
