Fasset received a provisional license from Malaysia’s Labuan Financial Services Authority (FSA) to launch what the company said is the first stablecoin-powered “Islamic digital bank.” The license allows Fasset, an all-in-one financial super app, to operate within a regulated sandbox focused on Shariah-compliant financial products, the company said in a Tuesday news release. “We can now combine the credibility of a global banking institution with the innovation of a fintech insurgent that’s fully halal,” Fasset CEO Mohammad Raafi Hossain said. Islamic finance refers to the financial system based on Islamic…
Tag: Digital
Bitmine Overtakes Marathon Digital as Second-Largest Crypto Treasury with $13.4B ETH Holdings
Key Notes The company now controls over 2% of Ethereum’s total supply following aggressive Q3 accumulation strategy. BMNR stock gained 41.7% over the past month as Ethereum delivered its strongest third-quarter performance on record. Chairman Tom Lee aims to acquire 5% of ETH supply while courting AI firms and Wall Street at Token 2049. Ethereum treasury investor Bitmine Immersion Technologies (BMNR) has achieved a historic milestone, surpassing Marathon Digital to become the world’s second-largest crypto treasury holder. According to Bitmine’s official press release on October 6, the firm’s combined crypto…
Korea Blockchain Week 2025 Highlights Digital Growth and Market Opportunities
Luisa Crawford Oct 04, 2025 14:07 Korea Blockchain Week 2025 spotlighted Korea’s thriving digital economy, with significant developments in cryptocurrency trading and cultural engagement, offering unique market opportunities. Korea Blockchain Week 2025, held from September 22-28 in Seoul, showcased the country’s rapid digital growth and its burgeoning role in the global cryptocurrency market. The event highlighted Korea’s advanced digital economy and provided insights into its unique consumer base, according to a16zcrypto. The Digital Landscape In recent decades, Korea has transformed its economy,…
Nomura’s Laser Digital to Open Institutional Crypto Desk in Japan
Key Notes Nomura’s Laser Digital plans to apply for a crypto trading license in Japan. Japan’s crypto transactions doubled to ¥33.7 trillion ($230B) by mid-2025. Regulatory reforms and corporate adoption are accelerating crypto growth in the country. Nomura Holdings Inc. is preparing to deepen its presence in Japan’s rapidly expanding crypto market. The brokerage giant’s wholly owned subsidiary, Laser Digital Holdings AG, is set to apply for a license to offer crypto trading services for institutional clients in Japan. The Switzerland-based unit is currently in pre-consultation talks with Japan’s Financial…
RAAC Partners I-ON Digital for $200M Tokenized Gold Launch as RWA Sector Hits $32B TVL
Key Notes Decentralized lending protocol RAAC secures I-ON Digital partnership for initial $200 million tokenized gold issuance. Total value locked across active RWA protocols reaches $16 billion with Securitize leading at $3.16 billion deposits. Robinhood CEO predicts RWA tokenization will eventually transform the entire traditional financial system infrastructure. RAAC, a decentralized Real World Asset (RWA) lending protocol, has announced a key partnership with I-ON Digital Corp (OTCQB:IONI) to issue on-chain traded tokenized gold. The news comes amid Gold price setting multiple new highs in the past week, driven by macro…
European Central Bank Picks Providers For Possible Digital Euro Rollout
The European Central Bank (ECB), as part of its preparation phase for a potential digital euro launch, announced framework agreements with technology providers responsible for components of the central bank digital currency (CBDC). In a Thursday notice, the ECB said it had reached agreements with seven entities — and at least one more expected to be announced — to provide services related to managing fraud and risk, a secure exchange of payment information, and software development for a possible digital euro. Among the companies were Feedzai, which uses AI to…
Digital Asset Treasurys Could Consolidate as Competition Heats Up
Digital asset treasury companies will eventually consolidate under a few larger players as the cycle matures and companies try to attract investors, according to Coinbase’s head of investment research, David Duong. Speaking to Cointelegraph, Duong said outside of strategies to boost share prices, “companies may start to pursue mergers and acquisitions, much like the recent Strive and Semler Scientific deal, as we approach the more mature phases of the DAT cycle.” Asset manager turned Bitcoin treasury company Strive announced on Sept. 22 that it was acquiring fellow DAT Semler Scientific…
Digital Asset Treasury Bubble Fears Overblown Says TON CEO
While a recent wave of corporate digital asset treasuries is starting to show signs of a bubble, the long-term outlook is positive, according to TON Strategy CEO Veronika Kapustina. “I think, look, obviously, it looks like it’s a bubble. As in, all the indicators look like it’s a bubble,” Kapustina told Cointelegraph during the Token2049 conference in Singapore. Kapustina explained that they are different from other bubbles we’ve seen in crypto and TradFi “because it’s a new segment of finance.” DATs became “the trade of the summer,” and people saw…
Bitcoin To $200K? Galaxy Digital CEO Reveals The ‘Biggest Bull Catalyst’
Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…
Galaxy Digital Solana Dump? 200K SOL Hits Coinbase
Key Notes Lookonchain flagged a Galaxy Digital’s transfer of $39.1 million worth of SOL to Coinbase. On September 15, Galaxy Digital scooped up 1.2 million SOL, suggesting varying approaches to Solana. SOL price has now dropped to $193.18 amid the altcoin market rout. Blockchain analytics platform Lookonchain has identified the massive transfer of Solana SOL $194.9 24h volatility: 4.2% Market cap: $106.22 B Vol. 24h: $11.20 B from Galaxy Digital to Coinbase. To back its claims on X, the protocol shared an Arkham Intelligence link to the transaction. The sudden…