Tokenization initiatives from BlackRock, JP Morgan and others presage a revolution in payments, wealth management and other key activities of Wall Street, says author Annelise Osborne. Source
Tag: finance
How To Become A Crypto Millionaire With Dogecoin (DOGE), ETFSwap (ETFS), And Ondo Finance (ONDO) – Blockchain News, Opinion, TV and Jobs
Dogecoin (DOGE), ETFSwap (ETFS), and Ondo Finance (ONDO) have been touted as three tokens that could make crypto investors millions of dollars in this bull run. Dogecoin (DOGE), on its part, has a proven track record since it made many crypto millionaires in the last bull run. Meanwhile, as relative newcomers, ETFSwap (ETFS) and Ondo Finance (ONDO) have shown enough bullish momentum to convince investors they are the future of the crypto market. Besides, the infrastructure that they provide in the crypto industry is second to none. Expect More Dogecoin…
RWA Tokenization Platform Ondo Finance Expands to the Cosmos Ecosystem with Noble Integration
The first asset Ondo plans to issue natively via Noble is USDY, a tokenized note backed by short-term U.S. Treasuries offering a 5.2% annual yield, targeting the end of the second quarter of this year, a spokesperson told CoinDesk. USDY is currently available on Ethereum, Solana, Mantle and Sui. Source
There Are Many Bitcoin (BTC) Critics Left in Finance, Despite BlackRock’s (BLK) Newfound Love
Stone X Group’s chief strategist, Kathryn Vera, gave a presentation at the Miami conference, stating that bitcoin won’t be a reserve currency – economics jargon for a currency like the dollar, euro or yuan held by central banks to support global trade and finance – “in her lifetime.” A key reason why the largest conventional currencies are cornerstones of finance is this reserve currency status. Original
Ondo Price Spikes 5% as Ondo Finance Tests Instant USDC Redemption From BlackRock (BLK) BUIDL Fund
The BlackRock USD Institutional Digital Liquidity Fund, created with tokenization firm Securitize, holds cash, U.S. Treasury bills and repurchase agreements. Investment in the fund is represented by the Ethereum-based BUIDL token, which provides yield paid out via blockchain rails every day to token holders. Source
Crypto Does Not Have an Illicit Finance Problem, Bad Actors Do
While Senators weigh the merits of Adeyemo’s important testimony, they should also weigh the consequences of more than five years of U.S. policy inaction in regulating the very wayward corners of the crypto industry that pose the greatest threats to consumers, markets and, indeed, national security. U.S. policymakers and regulators, from Treasury Secretary Janet Yellen, to Federal Reserve Chairman Jerome Powell (and Deputy Secretary Adeyemo), have all made calls for Congressional action. They focus particularly on dollar-denominated stablecoins, the crypto world’s digital thrift, much of which borrow the trust of…
South Korea’s Democratic Party to Introduce ETF and Digital Finance Reforms
South Korea’s Democratic Party of Korea (DPK) is eager to relax regulations on exchange-traded funds (ETFs), including those tied to spot bitcoin, despite resistance from the People Power Party (PPP). Although election concerns have temporarily halted the initiative, a crucial poll is set for April 10, and the parliament is predominantly controlled by the DPK-led […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Frax Finance Expands to Cosmos Ecosystem Via Asset Issuance Chain Noble
The expansion to the Cosmos ecosystem, an interoperability network, is expected to boost the adoption of FRAX and sFRAX in diverse applications, including trading, savings, payments and collateral, while offering Cosmos users a decentralized alternative to USDC, the world’s second-largest dollar-pegged cryptocurrency. Source
Crypto Exchange Figure Markets Has a Plan to Democratize Finance
Market makers like Jump saw huge value, both in Figure Markets’ decentralization, as well as the possibilities of cross-collateralization. But they flagged another issue, the problem around liquidity for lend/borrow, and the ability to access capital from a lend/borrow standpoint, Cagney said. “Look at the prime brokers in crypto, there’s really only somewhere in the hundreds of millions of dollars of capital available to lend in an industry that could easily consume billions of dollars of capital a day.” Source
Injex Finance Launches Presale for $INJX Token: Join Now to Secure Early Contributions
PRESS RELEASE. Injex Finance is excited to announce the official launch of its Presale for the native $INJX token, offering early contributors an exclusive opportunity to become part of the thriving Injex ecosystem. With the Presale now live, users can seize the moment to participate and benefit from this groundbreaking initiative. As the cryptocurrency market […] Source CryptoX Portal