Tag: Digital

Intain Markets, FIS Launch Digital Liquidity Gateway on Avalanche for 2,000 US Banks

Key Notes Platform tokenizes individual loans as NFTs and uses stablecoins for automated settlement, eliminating manual reconciliation processes. Initial loan pools include commercial real estate and aviation finance assets being traded among institutional participants. AI-driven workflows verify asset details before minting tokens, with hundreds of millions expected in transactions by year-end. Intain Markets and FIS launched the Digital Liquidity Gateway on Avalanche on Monday, enabling roughly 2,000 regional and community banks across the US to buy, sell, and securitize loan portfolios through a decentralized marketplace, according to Avalanche. The platform…

Biotech firm Propanc lands $100m for digital asset strategy

Propanc Biopharma, a Nasdaq-listed biotech firm, has secured up to $100 million to bolster its digital asset strategy. Summary Nasdaq-listed biotech firm Propanc has secured up to $100 million in a deal set to bolster its digital asset strategy. The company is collaborating with family office Hexstone. The strategic initiative aims for undervalued Digital Asset Treasury companies. Australia-based Propanc, which announced plans for a diversified digital asset portfolio earlier this month, said on Monday that it had secured $100 million in financing via a securities purchase deal with family office…

$1.17B Outflows Hit Digital Investment Products

Key Notes Digital investment products bagged a massive $1.17 billion in outflows in the past week. This marks the second consecutive week of outflows from the crypto market. Solana, XRP, and other altcoins recorded inflows, though crypto liquidation topped $341 million recently. CoinShares has released its Digital Asset Fund Flow weekly report, which shows that crypto-based products recorded up to $1.17 billion in outflows. This reflects the harsh conditions that plagued the broader cryptocurrency market this past week. Even Bitcoin BTC $106 121 24h volatility: 3.8% Market cap: $2.12 T…

Italy Banks Back Digital Euro CBDC, Seek Staggered Implementation Costs

The Italian Banking Association supports a digital-euro central bank digital currency (CBDC) while urging that investment costs be spread over time. Italian banks, led by the Italian Banking Association (ABI), say they support the European Central Bank’s (ECB) digital euro project, ABI General Manager Marco Elio Rottigni told a Florence press seminar on Nov. 8, […] Source CryptoX Portal

Central Bank of Brazil Clarifies Drex CBDC Project’s Future: Digital Real Still the ‘Ultimate Goal’

The Central Bank of Brazil said the recent pause in using blockchain for drex, its central bank digital currency project, is temporary. The bank intends to continue using decentralized technology in the future, including issuing its own currency for tokenization-linked settlements. Central Bank of Brazil: Drex CBDC Project Still Alive The Facts The Central Bank […] Source CryptoX Portal

Italian Banks Back Digital Euro, Urge ECB to Stagger Implementation Costs

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Italian banks have expressed their support for the European Central Bank’s (ECB) digital euro initiative, but are calling for the implementation costs to be spread out over several years due to the financial burden it places on the sector. “We’re in favour of the digital euro because it embodies a concept of digital sovereignty,” said Marco Elio Rottigni, General Manager of the Italian Banking Association (ABI), during a press seminar in Florence,  Reuters reported on Friday. “Costs for the project, however, are very high in the context of the capital…

The UK might still win the digital asset race

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. London’s fintech revolution transformed its financial landscape. Yet despite success stories like Monzo, which have scaled to over 13 million customers and over $1 billion in annual revenue since forming in 2017, broader indicators reveal a concerning trajectory. UK tech funding dropped 35% to £16.2 billion in 2024, London Stock Exchange delistings reached 88 last year, compared to just 18 new listings, and perhaps most troublingly, Revolut,…

Evernorth Losses Spotlight Digital Asset Treasury Risks

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The month-long slide in crypto prices hasn’t just hit major assets like Bitcoin (BTC) and Ether (ETH) — it’s also dealing heavy losses to digital asset treasury companies that built their business models around accumulating crypto on their balance sheets. That’s one of the key takeaways from a recent social media analysis by onchain data company CryptoQuant, which cited XRP-focused treasury company Evernorth as a prime example of the risks in this sector. Evernorth has reportedly seen unrealized losses of about $78 million on its XRP position, mere weeks after…

Bitcoin Defi Gets Another Institutional Boost Through Anchorage Digital Custody

Cryptocurrency bank Anchorage Digital is opening institutional pathways into Bitcoin-native decentralized finance (DeFi), providing a regulated gateway to BOB’s Bitcoin–Ethereum ecosystem. The custody service provided by a U.S. federally-chartered bank could provide a boost for institutional participants seeking yield opportunities in BOB’s $250 million total value locked (TVL) DeFi platform, according to an emailed announcement shared with CryptoX on Friday. Anchorage also holds a Major Payment Institution License (MPI) from the Monetary Authority of Singapore (MAS) and provides a self-custody wallet called Porto. BOB (“Build on Bitcoin”) describes itself as…

Anchorage Digital to power Bitcoin DeFi on BOB

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Anchorage Digital, the platform that operates the only federally chartered crypto bank in the United States, is partnering with Build on Bitcoin to expand institutional access to decentralized finance on Bitcoin. Summary Anchorage Digital now supports BOB, a decentralized finance chain that taps into Bitcoin and Ethereum. BOB has picked Anchorage Digital as its crypto custodian. Move comes as Bitcoin DeFi sees its total value locked hit $9.3 billion. The decentralized finance ecosystem has received a further boost as crypto bank Anchorage Digital becomes a preferred custodian. This support will…