Tag: Launches

XSGD Stablecoin by StraitsX, With 8B On-Chain Transactions, Launches on XRP Ledger

Crypto infrastructure provider StraitsX debuted its Singapore dollar-pegged stablecoin, XSGD, on the XRP Ledger (XRPL) to cater to growing demand for regulated multi-chain stablecoins supporting real-time cross-border payments. Digital asset developers, fintechs firms and financial institutions can use XSGD to conduct cross-border transactions, settle transactions on-chain and create programmable financial flows. XGSD is being powered by XRPL, a decentralized public blockchain from Ripple. StraitsX, a major payment institution licensed by the Monetary Authority of Singapore, began issuing XSGD in 2020. The stablecoin pegged to the Singapore dollar is fully backed…

Chainlink CCIP Launches on Solana, Linking $19B in Assets

Chainlink’s CCIP is now live on Solana, enabling cross-chain transfers between Solana and major blockchains like Ethereum and BNB Chain. Chainlink’s Cross-Chain Protocol Goes Live on Solana Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is now operational on Solana, marking its first deployment on a non-Ethereum Virtual Machine (EVM) blockchain via the v1.6 upgrade. The integration aims […] Source CryptoX Portal

Ripple launches cross-border blockchain payments in UAE

Ripple, the creator of cryptocurrency XRP (XRP), launched cross-border blockchain payments in the United Arab Emirates (UAE), a development that could spur the adoption of cryptocurrency in a country receptive to digital assets. Zand Bank, the UAE’s first all-digital bank, and Mamo, a fintech company that offers a digital payment platform for businesses, will be the principal users of the blockchain payments system, according to a May 19 Ripple announcement. Zand Bank and Mamo will use “Ripple Payments” to facilitate cross-border blockchain payments. Ripple Payments is a platform that combines…

Wormhole Launches Global Ecosystem Hub to Boost Blockchain Innovation

Lawrence Jengar May 19, 2025 11:08 Wormhole has launched its Global Ecosystem Hub in New York City, aiming to bridge traditional finance with decentralized technologies and strengthen institutional blockchain adoption. The Wormhole development team has announced the launch of their Global Ecosystem Hub in New York City’s Flatiron District, marking a significant step in enhancing the presence of digital assets in the United States. This strategic move aims to bridge traditional finance with decentralized technologies, fostering collaboration and innovation at the heart…

CME Launches XRP Futures Today — XRP Price Set to Move?

Key Notes CME Group will launch two cash-settled XRP futures contract sizes on May 19. Analysts say the ETF could help increase institutional exposure and liquidity. Market participants opine that the launch may influence the US. SEC to greenlight a spot XRP ETF. Today’s planned launch of the CME Group XRP futures is already drawing attention from investors and analysts. With XRP XRP $2.22 24h volatility: 0.8% Market cap: $129.99 B Vol. 24h: $2.17 B seeing growing interest from institutional buyers, many market participants believe this development could mark a…

Solv launches new Bitcoin yield product on Avalanche

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Solv Protocol has launched a yield-bearing Bitcoin token on the Avalanche blockchain, giving institutional investors more exposure to yield opportunities backed by real-world assets, or RWAs. On May 16, the protocol unveiled SolvBTC.AVAX, a token that connects Bitcoin (BTC) to real-world assets like US Treasurys and private credit offered by BlackRock and Hamilton Lane.  The new token was developed through a seven-way partnership involving Solv, Avalanche, Balancer, Elixir, Euler, Re7 Labs, and LFJ, the company said.  Solv Protocol founder Ryan Chow said the token is a way to link Bitcoin…

Basel Medical Group launches $1b Bitcoin acquisition strategy

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Basel Medical Group Ltd has entered exclusive negotiations to acquire US$1 billion worth of Bitcoin in a strategic move to strengthen its balance sheet and diversify its treasury reserves. The announcement, made on May 16, marks a significant shift for the Singapore-based healthcare company, as it looks to blend digital asset investment with aggressive growth in Asia’s medical services sector. The company is in advanced talks with a consortium of institutional investors and high-net-worth individuals to complete the acquisition via a share-swap deal. If finalized, this would be among the…

Solv launches RWA-backed Bitcoin yield product

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Solv Protocol has announced the launch of SolvBTC.AVAX, a modular Bitcoin yield product backed by real-world assets. The Bitcoin (BTC) yield vault is backed by Solv, Avalanche (AVAX), Euler, Elixir, LFJ and Balancer, Solv Protocol said in an announcement. According to the team, the launch of SolvBTC.AVAX aims to further tap into the $1.3 trillion Bitcoin market, where an estimated 94% of the supply remains largely idle. The new product seeks to unlock yield opportunities for Bitcoin holders by integrating with real-world asset infrastructure. With SolvBTC.AVAX, users can earn core…

VanEck launches new crypto stock ETF

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VanEck has launched a new actively managed exchange-traded fund (ETF) designed to invest in stocks and financial instruments offering exposure to the digital economy, the asset manager said on May 14. The VanEck Onchain Economy ETF (NODE) is listed on the Cboe exchange and aims to provide investors with broad exposure to companies operating in the blockchain ecosystem, including crypto miners, exchanges, infrastructure providers, and crypto-oriented financial technology platforms, VanEck said in a press release.  The NODE ETF will also “consider any company that has clearly communicated plans to engage…

Ethereum Foundation Launches “Trillion Dollar Security” Initiative

Key Notes The Ethereum Foundation has set a new goal to secure trillions in on-chain assets. The new initiative will focus on wallets, smart contracts, and public education. Leading experts and advisors will guide the multi-step effort to re-focus Ethereum as a leading chain. The Ethereum Foundation has launched a new security initiative to make the network more secure and reliable globally. As shared by the Foundation, the “Trillion Dollar Security” project intends to ensure that Ethereum can safely handle trillions of dollars in value, whether from individuals or institutions.…