A partnership with InShare sees Nexus adding some of its $274 million on-chain capacity to the retail mutual insurer comprising over 5,000 shopkeepers and small retail businesses.
Canada Unveils New Bank Capital Rules for Crypto Holdings
New rules for banks and insurers are based on international norms, regulators said
Bitcoin, Other Digital Assets Surge Late in Q2 on Spot Bitcoin Euphoria
The spot bitcoin ETF filings by BlackRock and other financial services giants ensured bitcoin would finish Q2 in positive territory. Now the SEC’s decision on the applications will likely play a big role in digital asset prices for the remainder of the year.
EU Seals Deal on Crypto Bank-Capital Rules
Lawmakers have previously favored ‘prohibitive’ capital requirements to keep unbacked crypto assets out of the banking system
BlackRock Executive: Knowing Who Counterparties Are Is Key to Engaging Institutions in DeFi
BlackRock’s views on KYC will likely carry weight in the ongoing struggle for regulation on the industry, given its ETF application.
Banking is ‘slowly dying’ — Former TradFi execs on reasons for joining crypto
Cointelegraph spoke to former senior executives in traditional finance who’ve made the move to crypto. Would they ever go back?
Deutsche Bank Applies for Digital Asset License in Germany as TradFi Pushes Further Into Crypto
Banking giant Deutsche Bank AG has applied for regulatory permission to operate as a crypto custodian in Germany, the bank said Tuesday.
DeFi Credit Protocol Concordia Raises $4M in Round Led by Tribe, Kraken
Concordia, now live in public testnet on Aptos, offers a multi-chain risk and collateral management platform for digital assets.
House Bill Shows Challenge of Regulating Crypto Without Giving TradFi a Free Pass
House Republicans Patrick McHenry and GT Thompson face a central problem drafting their crypto bill: Removing SEC discretion over whether a crypto token is a security allows issuers of traditional stocks and bonds the opportunity to arbitrage regulation, writes Todd Phillips.
21Shares Introduces Exchange-Traded Product for Liquid Staking Platform Lido DAO
While the product offers investors single-asset exposure to the liquid staking leader, the Switzerland-based firm classified this product as class 7 risk, the highest level.
TradFi Giant TP ICAP Brings Crypto Spot Trading to Institutional Investors
The Fusion Digital Assets marketplace opened for trading last week offering trading in bitcoin and ether against the U.S. dollar.
Voltz Protocol Brings a Wall Street Rates Stalwart to DeFi
SOFR – which Voltz’s new product is tied to through the Avalanche blockchain – is used to set interest rates on TradFi loans, bonds and other products in the U.S.
Crypto, TradFi Broadly Welcome IOSCO’s Proposed Norms for Digital Asset Markets
The global regulator for securities markets released its first set of policy recommendations for the crypto sector on Tuesday.
TradFi Hedge Fund Hunting Hill Starts Crypto Arm
Hunting Hill Digital’s first product will be the Crypto 25 Fund, a source told CoinDesk.
EU Banks Could Access Stablecoins More Easily Under Leaked Plans
The European Commission’s plans could moderate a push from Parliament to discourage crypto holdings as it debates new capital requirements for banks.
Crossover Markets Teams With Credit Network Hidden Road to Enable Crypto Trading
The aim of the collaboration is to avoid conflicts of interest by decoupling trade execution from custody and brokerage.
Ethereum Staking Needs Its (Honest) LIBOR
DLT-Powered Financial Markets Could Save $100B Per Year, TradFi Study Says
The Global Financial Markets Association called for regulators to be more open to the tech underpinning cryptocurrency
OpenTrade Raises Over $1.5M for Building Crypto Structured Financial Products
The platform will offer liquidity pools for U.S. Treasury bills, later this year.
Tradfi Sees Opportunity in Crypto Despite ‘Red Wedding,’ Burning Buildings
Institutional investors are salivating over opportunities in growth equity and depressed tokens that took an undeservingly excessive hit during crypto’s bear market, market participants said during Wednesday’s Consensus 2023 event.