Tag: Parent

Standard Chartered, Air Asia Parent Explore Malaysian Ringgit Stablecoin

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Standard Chartered Bank Malaysia and Capital A, the parent company of AirAsia, plan to jointly explore a stablecoin pegged to Malaysia’s local currency, the ringgit. In a statement Friday, the bank’s Malaysian arm and Capital A said they signed a letter of intent to explore a ringgit-pegged stablecoin under the country’s Digital Asset Innovation Hub, an initiative announced by Bank Negara Malaysia (BNM) in June. This is Capital A’s first interaction with the regulated digital asset space. The initiative will rely on Standard Chartered’s infrastructure and financial expertise, as well…

Youngest Self-Made Billionaire Emerges as NYSE Parent ICE Invests $2 Billion in Polymarket

Key Notes The NYSE parent company’s investment marks one of the largest traditional finance deals in crypto history. Coplan overcame early financial struggles and regulatory challenges, including a 2022 CFTC fine and US user ban. Polymarket secured regulatory approval by acquiring a CFTC-licensed exchange for $112 million in September 2024. Shayne Coplan, the 27-year-old founder and CEO of Polymarket, has ascended to the status of the youngest self-made billionaire following a landmark investment deal with the parent company of the New York Stock Exchange (NYSE), Intercontinental Exchange (ICE). Coplan, who…

NYSE Parent Firm ICE Set to Invest in Polymarket Platform

Key Notes ICE is reportedly investing $2 billion in Polymarket, valuing the platform at between $8 and $10 billion. Polymarket now supports Bitcoin deposits, broadening access to its decentralized prediction markets. The platform has over 21,000 active markets and 1.2 million users worldwide. Intercontinental Exchange, the parent company of the New York Stock Exchange, is reportedly close to finalizing a $2 billion investment in Polymarket, as per a report from the Wall Street Journal. According to WSJ, the deal could value the prediction market platform at as much as $10…

NYSE Parent Invests $2B In Polymarket At 9B Valuation

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Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), has invested $2 billion in cryptocurrency-based prediction market Polymarket. According to a Tuesday Polymarket X post, the ICE invested $2 billion in the prediction market. The deal values Polymarket at a $9 billion post-money valuation. Source: Polymarket ICE’s NYSE is the world’s largest stock exchange by market capitalization, exceeding $25 trillion as of July 2024. Its interest is the latest move that fuses the United States’ traditional financial landscape with the cryptocurrency industry. Polymarket is a crypto-powered…

Vietnam’s MB Bank and UpBit’s parent Build Crypto Exchange

Vietnamese state-controlled bank Military Bank (MB) plans to launch a regulated crypto exchange in partnership with Dunamu, the parent company of South Korean crypto exchange Upbit. According to a Wednesday announcement from Dunamu, the company has signed a memorandum of understanding with Military Bank. In a Facebook post, Military Bank said Dunamu will support it building a cryptocurrency exchange in Vietnam with its technology. “MB and Upbit will be trusted partners, working together to promote Vietnam’s digital financial market,” Military Bank Chairman Luu Trung Thai said. Military Bank is a…

Truth Social Platform’s Parent Company Proposes Blue Chip Crypto ETF

Yorkville America Digital, LLC, in partnership with Trump Media & Technology Group (TMTG) – the company behind President Donald Trump’s “free speech” social media platform Truth Social – has filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) to launch the Truth Social Crypto Blue Chip exchange-traded fund (ETF). Yorkville and […] Source CryptoX Portal

Telecom Giant and T-Mobile (TMUS) Parent Deutsche Telekom Plans to Mine Bitcoin

Deutsche Telekom has been very active in the digital assets sector for years. It has been running validators on networks such as Polygon, Q, Flow, Celo, Chainlink and Ethereum. The telecom giant also started Energy Web Chain last year, which the company said was “the world’s first public blockchain designed explicitly for the energy sector” and will help to create a “more decentralized, digitalized, and decarbonized energy system.” Source

DCG, parent of GBTC Sponsor, Reports Q1 Revenue of $229M

In January, Grayscale converted GBTC, which had been in existence as a closed-end fund for over a decade, into a spot ETF, becoming one of ten issuers to bring such a fund to the market. While billions flowed into the new vehicles, GBTC, whose management fee of 1.50% was more than 100 basis points above its competitors, experienced billions in outflows. Source