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Umee is creating an institutional lending decentralized autonomous organization (DAO) called UDX to help facilitate the transition of bond markets into DeFi lending. The initiative will improve bond markets’ efficiency on Umee’s Cosmos-, Ethereum-, Avalanche-, Near- and Solana-compatible trading platform. Source
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The largest bank in Southeast Asia, DBS, has launched self-directed cryptocurrency trading via its app. More customers are now qualified to access the bank’s digital asset exchange and trade cryptocurrencies, including bitcoin and ether. DBS Launches Self-Directed Crypto Trading DBS, the largest bank in Southeast Asia, announced Friday that it “has
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“Crypto is mainstream, and more and more folks are realizing they need to get smart,” Della Torre said in an interview. “But also that they need to have tools to perform, so the institutional grade workflows that they use, allocate their capital with crypto in mind.” Source
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Nasdaq has announced the launch of “Nasdaq Digital Assets” citing increased demand for digital assets among institutional investors in recent years. Initially, the new crypto unit will offer custody solutions for bitcoin and ether to institutional investors. Nasdaq Establishes Crypto Unit Nasdaq (Nasdaq: NDAQ), the world’s second-largest stock exchange, announced Tuesday the
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“Demand among institutional investors for engaging in digital assets has increased in recent years, and Nasdaq is well-positioned to accelerate broader adoption and drive sustainable growth,” Tal Cohen, head of North American markets at Nasdaq, said in the release. Original Source
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The blockchain will “emerge as a digital asset category leader, given its economic transition, scalability roadmap, and [the] vibrant digital economy being built on it,” Bernstein said. It also expects strong institutional adoption of ether (ETH), due to its leading market share, market capitalization, and liquidity. Original Source
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The longstanding crypto loans protocol is adding a borrowing service for institutions that will accept their troves of cryptos such as bitcoin and ether as collateral against stablecoin loans. The institutions will pay interest on their loans, generating yield for the DeFi users whose stablecoins Compound lent out. Original Source
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Henrik Andersson, CIO of crypto asset fund manager Apollo Capital believes institutions may soon “flip” on their conservative stance towards crypto. Speaking to Cointelegraph, the Melbourne-based crypto fund manager said that while institutional interest in crypto has been slow in picking up, particularly in Australia, there are a lot of players
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Investment management firm State Street says that institutional clients are not deterred from investing in crypto assets despite price declines. “There is a belief that the asset class is here to stay,” a State Street executive said. State Street on Institutional Demand for Crypto State Street, a leading investment management firm, sees
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A decentralized insurance protocol such as Nexus Mutual needs to generate a return on its reserves to allow it to become a feasible alternative to traditional insurance companies, the bank said. Insurance companies normally invest their reserves in corporate and government debt, but instruments with similar risk and reward characteristics
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