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USD Coin (USDC), the second-largest stablecoin by market capitalization after Tether (USDT), continues expanding across different blockchain networks, now being launched on Polkadot.USDC issuer Circle has officially launched USD Coin on the Polkadot network, the firm announced on Sept. 19. According to the Circle’s website, Polkadot USDC is immediately available
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In June, the watchdog sued Binance.US, the exchange's global parent Binance Holdings and founder Changpeng “CZ” Zhao, alleging they ran an unlicensed securities exchange. The SEC's findings in the case so far demonstrate "the urgent need for an inspection," Monday's filing said, as the regulator restated its worries about Binance's
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The Boston Consulting Group estimates the tokenization of real-world assets could become a $16 trillion industry in the coming years. Its impact, however, goes well beyond financial figures, and can help people in developing countries to find new ways to deal with real-world problems.During a panel moderated by Cryptox's editor-in-chief
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On Sep. 14, Deutsche Bank, an international financial institution headquartered in Germany, divulged its strategic foray into crypto and blockchain technology after collaborating with Taurus, a Swiss enterprise with expertise in multiple domains—ranging from the issuance of digital currencies to the secure custody and trading of tokenized assets and non-fungible
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“We won the deal a couple of quarters ago, so the bank became a client and then decided to take a stake in Taurus,” Brahimi said in an interview with CryptoX. “The partnership focuses on cryptocurrencies, but we are well known for going beyond cryptocurrencies. So, where it sees fit,
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Solana's SOL also advanced earlier today, but then swiftly dipped more than 2% following the court decision. The imploded exchange holds $1.16 billion of the token, stoking fears about dumping, but part of the stash is locked as venture investment and not available for sales. Despite the decline, SOL was
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Seven leaders in decentralized finance (DeFi) have banded together to form the Tokenized Asset Coalition (TAC). The new advocacy group will work toward the adoption of public blockchains, asset tokenization and institutional DeFi, it announced Sept. 7.Aave Companies, Centrifuge, Circle, Coinbase, Base, Credix, Goldfinch and RWA.xyz are the coalition’s founding
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The hazy regulatory environment and depressed crypto markets are doing little to curb asset managers' interest in digital assets, according to report released Wednesday by Coalition Greenwich, a unit of India-based credit rating company Crisil, and Amberdata, a crypto data provider. Source
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Mashinsky had already put his Austin, Texas property that was acquired in 2021 with Celsius proceeds, on sale for about $2.49 million. The former Celsius Chief Executive Officer (CEO) Alex Mashinsky faces more financial hurdles after United States Judge Jed S. Rakoff ordered his assets to be frozen as the criminal
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Several traditional finance giants, including Franklin Templeton and Hamilton Lane, a top-tier investment firm with over $823.9 billion in assets under management, have already initiated tokenization projects on Polygon. The Monetary Authority of Singapore's experimental tokenization initiative, Project Guardian, executed foreign exchange and sovereign bond transactions on Polygon last year. Source
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