Tag: Launches

Hong Kong’s CMCC Global Launches $100M to Support Blockchain Startups

The launch of the VC fund in Hong Kong highlights the country’s rising role as a crypto haven. CMCC Global, a crypto-focused venture capital (VC) company, has successfully raised $100 million to offer equity investments to early-stage blockchain startups across Asia with a particular interest in Hong Kong, its home country. In an interview with the South China Morning Post, the company’s co-founder Martin Baumann said the inaugural funding round for the fund, called Titan Fund, concluded on October 4. The round saw participation from more than 30 investors, including…

JPEX crypto exchange launches asset-lock-up plan, as some users cry foul

boss

Embattled crypto exchange JPEX has pushed ahead with a plan that will purportedly transition the platform into a decentralized autonomous organization (DAO) and convert user assets to dividend shares with an incentive to lock them up for two years. An Oct. 4 announcement from JPEX said voting for its “DAO Shareholder Dividend Scheme” was completed on Sept. 28, claiming that 68% of users voted in favor for the scheme. The scheme involves letting users convert their currently frozen assets to DAO Stakeholder dividends at a 1:1 ratio, with JPEX offering…

Blockchain-Based Settlement Platform Launches in Hong Kong

Synapse is able to simultaneously create settlement instructions for all parties along the settlement chain, facilitating concurrent processing, while also providing near-instantaneous status updates to all parties involved in the trade, a technical pamphlet explains, which is important when connecting traders in two different markets. Source

Hong Kong Stock Exchange launches settlement platform powered by smart contracts

boss

Hong Kong Exchanges and Clearing Limited (HKEX), the operator of The Stock Exchange of Hong Kong, Hong Kong Futures Exchange, and London Metal Exchange, is launching a novel equities settlement acceleration platform. Dubbed “Synapse,” the platform will utilize smart contracts in the DAML programming language to streamline post-trade flows and enhance operational efficiencies, according to the October 4 announcement.  Synapse will be deployed on Stock Connect, an HKEX channel that enables international investors to access more than 1,000 Mainland Chinese stocks through routing in Hong Kong. “Average daily turnover of…

UBS Asset Management launches pilot of tokenized fund

UBS Group AG, financial holding company, announced the launch of a pilot project to tokenized money market fund. Money market funds are investment products focused on short-term investments. UBS believes that their tokenization will increase liquidity and attract more potential clients. The test will take place on the UBS Tokenize platform, developed on the Ethereum blockchain. The bank’s pilot is part of Project Guardian, a joint initiative between the Monetary Authority of Singapore and the Japan Financial Services Authority.  “Through this exploratory initiative, we will work with traditional financial institutions and…

Crypto Startup Deus X Capital Launches, Declares $1B in Assets and Capital

Tim Grant, who until September served as head of EMEA for Galaxy Digital, will serve as CEO of Deus X Capital. Deus X Capital, a new crypto-based investment firm, has announced its launch today, on October 2. According to a statement, the company is starting big with investment assets and capital that is altogether worth $1 billion, The Block confirmed in a Monday post. Tim Grant, who until September served as head of EMEA for Galaxy Digital, will serve as CEO of Deus X Capital. Grant will lead the firm…

FTX Japan Launches Blockchain-based Proof of Solvency to Enhance Transparency and Security

In an effort to enhance transparency and bolster the trust of its customers, FTX Japan has unveiled a blockchain-based technology known as Proof of Solvency (PoS). This initiative was announced by Seth Melamed, the COO of FTX Japan, through a series of tweets on September 28, 2023. The newly introduced Proof of Solvency mechanism enables the company to prove, in an unalterable manner, that the reserves of the exchange surpass the assets held in custody for customers. Proof of Solvency (PoS) is a method utilized to demonstrate a company’s capability…

Crypto Investment Firm Deus X Capital Launches With $1B in Assets

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Planetarium Labs goes Omnichain, launches BNB Chronicles

Planetarium Labs is a gaming company known for its immersive gaming experiences, web3 development, and mobility. One of its games, Nine Chronicles, was launched in 2020 and is the world’s first fully on-chain, open-source fantasy RPG game. Over 200,000 community members and gamers worldwide have come together to enjoy this game. As part of its omnichain vision, Planetarium Labs launched BNB Chronicles earlier this week – a web-based game that runs on the BNB Chain. The game was launched to celebrate Nine Chronicles’ omnichain expansion journey and its upcoming mobile release. Planetarium Labs…

Snook launches on Arbitrum, to distribute USDC rewards

Snook, a multiplayer game, is launching on Arbitrum, an Ethereum layer-2. The move is aimed at expanding its player base and introducing USDC, a stablecoin, to complement its native token, SNK. Snook deploys on Arbitrum, enhance gaming experience Snook is a fast-paced blockchain game focused on rewarding gamers based on their skill and effort to thrive in a kill-or-be-killed environment.  The player’s ability to perform directly decides the value of their non-fungible token (NFT) character that can be sold in the secondary market.  The platform aims to enhance  gaming experience…