Tag: Platform

London Stock Exchange Group Debuts Blockchain Platform For Private Funds

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The London Stock Exchange Group (LSEG) has launched a blockchain-based infrastructure platform for private funds, making it the first major global stock exchange to launch such a system. The platform, called Digital Markets Infrastructure (DMI), supports the full lifecycle of digital assets, from issuance and tokenization to post-trade settlement. It was developed with Microsoft and runs on Microsoft Azure, the exchange said Monday. LSEG said the system is designed to provide interoperability between distributed ledger technology and traditional financial systems as part of its goal to become the first global…

Kraken Acquired Prop Trading Platform Breakout For Undisclosed Amount

Key Notes Traders can access up to $200,000 in capital after passing qualification tests with gains capped at 90% of profits. Breakout was rapidly developed in 2023 by TraderMayne and CryptoCred, issuing over 20,000 funded accounts since launch. The acquisition follows Kraken’s busy expansion including Wyoming relocation and tokenized stock trading partnerships. US-based cryptocurrency exchange Kraken has successfully completed its acquisition of prop trading service Breakout for an undisclosed amount. Announced in a Sept. 4 press release and blog post, the deal brings Breakout’s prop trading services to the Kraken…

KuCoin targets 10% Dogecoin Mining capacity via new Mining Platform

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KuCoin cryptocurrency exchange is aiming to capture 10% of the blockchain mining capacity behind the world’s largest memecoin, the Dogecoin network, through the launch of a new cloud mining platform. KuCoin exchange is launching a cloud mining platform that offers retail and institutional investors access to verifiable hashrate backed by global mining facilities with 300 megawatts (MW) to 2 gigawatts (GW) of power resources. The new platform, KuMining, will offer investors access to Bitcoin (BTC) and Dogecoin (DOGE) hashrate and merged mining for Litecoin (LTC). The platform is launching with…

Binance Invests $53M in Mexican Fintech Expansion Through New Regulated Platform

Key Notes Medá operates as independent regulated entity under Mexican financial authority supervision for peso transactions. Four-year investment strategy positions Mexico as regional fintech hub challenging existing market concentration. Educational initiatives reach 44 million learners globally while securing licenses across 22 international jurisdictions. Binance announced an investment of more than one billion pesos ($53 million) for a new initiative in Mexico aimed at expanding digital financial services. The company has launched Medá, a regulated Electronic Payment Funds Institution (IFPE) designed to provide fiat deposit and withdrawal services for Mexican users.…

Trump Jr. joins Polymarket board as platform pursues US return

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Prediction market Polymarket has added Donald Trump Jr. to its advisory board after receiving a strategic investment from 1789 Capital, which describes itself as a politically aligned vehicle backing companies it sees advancing “American exceptionalism.” The companies did not revealed financial terms, but Axios estimated the investment at “double-digit millions of dollars.”  Trump Jr. became a partner in the fund in 2024. In a Tuesday statement, he said that “Polymarket cuts through media spin and so-called ‘expert’ opinion by letting people bet on what they actually believe will happen in…

State Street Becomes First Third-Party Custodian on JPMorgan Platform

Key Notes State Street manages $4.7 trillion in assets and successfully tested the platform with a $100 million commercial paper transaction. The blockchain integration offers same-day settlement, automated corporate actions, and reduced operational risks for debt markets. This partnership signals institutional banking’s shift from experimental blockchain projects to practical deployment in capital markets. State Street Corporation has become the first third-party custodian to launch on JPMorgan’s Digital Debt Service (DDS), marking a milestone in the adoption of blockchain technologies for institutional debt securities custody. This collaboration enables State Street to…

Wazirx Awaits Court Green Light to Restart Platform After Massive Creditor Approval

Indian crypto exchange Wazirx is moving closer to a full relaunch after securing strong creditor backing and awaiting final court approval to implement its restructuring plan. Wazirx Eyes Platform Restart as Court Sanction Becomes Final Missing Piece Indian crypto exchange Wazirx announced on Aug. 18 that 95.7% of voting creditors approved its amended restructuring plan, […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Ex-Binance dealmaker joins Hilbert Group to launch tokenized funds platform

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Former Binance dealmaker Ryan Horn has joined the advisory board of Hilbert Group, a Sweden-based, publicly listed digital asset manager, to support the rollout of Syntetika, its onchain platform for tokenized assets and funds. At Binance, Horn secured high-profile partnerships, including a deal with football star Cristiano Ronaldo. Hilbert Group manages crypto-focused investment products for institutional and professional investors. Through algorithmic trading strategies, it applies a traditional asset management structure to digital asset markets, including regulated oversight and fund governance. Syntetika, now in development, will issue and trade tokenized funds…

Biometric ID Platform Humanity Protocol Launches Mainnet, Enhancing Privacy-First Digital Identity

Humanity Protocol has officially launched its mainnet, introducing a unified identity layer that connects Web2 credentials with decentralized Web3 services through zero-knowledge Transport Layer Security (zkTLS). This technology allows users to verify credentials, such as job titles or university transcripts, without exposing personal data. At launch, travelers can link frequent-flyer and loyalty accounts from major […] Source CryptoX Portal

Pendle’s TVL Hits Record $8.3B After Yield-Trading Platform Debut

Pendle’s total value locked (TVL) has surged to a record $8.27 billion, while its native token PENDLE climbed 45% over the past week to $5.6 on the back of the protocol’s new yield-trading platform. With bitcoin funding rates averaging about 10% annualized this week and roughly $80 billion in open interest, according to Dune data, more than $8 billion changes hands yearly between longs and shorts. Boros packages those yields into tradable on-chain assets called Yield Units (YUs), letting traders go long or short on the rates themselves. Boros can…