CFTC Clarifies Tokenized Investments With Customer Funds
US futures brokers and derivatives clearing organizations may invest customer funds in tokenized versions of eligible assets, provided existing regulatory requirements are met.
Blockchain
17
July
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By Andrew Bennett - 261
MegaETH is shutting down its Mega Mafia startup incubator after admitting that most successful projects eventually left the ecosystem. The Layer-2 team will now shift its focus towards developing applications internally.
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By John Isige - 166
Global payments giant Visa has launched the Visa Stablecoin Platform (VSP), an infrastructure solution that allows banks, fintech companies and cryptocurrency businesses to issue, custody, transfer and convert stablecoins within a single ecosystem.
16
July
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By John Isige
- 175
South Korea plans to overhaul its 76-year-old national asset management system to formally include cryptocurrencies within the scope of state-owned assets.
15
July
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By Andrew Bennett
- 193
The European Central Bank (ECB) has announced a list of 36 banks and payment companies selected to participate in the digital euro pilot programme, marking the most significant step in Europe’s CBDC project since its launch.
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By Andrew Bennett
- 187
The Ethereum Foundation is continuing its largest restructuring in years by spinning out its institutional privacy research unit into an independent company called EthSystems.
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By John Isige
- 239
Superteam Vietnam has launched the “Bring Your Web2 Idea Onchain” competition, inviting participants to bring Web2 business ideas to the Solana blockchain to solve real-world commercial problems.
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By Andrew Bennett
- 166
Galaxy Digital has launched the Galaxy Onchain Financing Rate, or GOFR, a fully managed on-chain financing programme designed for financial institutions, high-net-worth individuals and accredited investors.
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By John Isige
- 180
Velocity has raised $38 million in a Series A funding round to expand its stablecoin infrastructure for businesses and financial institutions.
14
July
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By John Isige
- 245
On July 14, SBI Holdings announced that its blockchain joint venture will officially change its name from SBI R3 Japan to SBI Solana Global. The Solana Foundation will also join the company’s shareholder structure alongside SBI Holdings and Sumitomo Mitsui Financial Group (SMFG), one of Japan’s three largest megabanks.
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By John Isige
- 164
According to La Razón, Bolivia’s Minister of Economy José Gabriel Espinoza Yáñez said the government is assessing the possibility of making USDT an official payment method in the economy. However, he stressed that the process would be carried out with extreme caution, as Bolivia remains in the “grey zone” of the Financial Action Task Force (FATF) for anti-money laundering and counter-terrorist financing compliance.
13
July
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By Andrew Bennett
- 154
Hyundai Motor, the world’s third-largest automaker by sales, has become the first major South Korean company to put a blockchain-based cross-border internal payment system using stablecoins into real-world operation. The system runs on the Avalanche blockchain and represents one of the largest corporate blockchain applications implemented to date.
10
July
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By John Isige
- 163
Hyperliquid and Phantom have proposed that the US Commodity Futures Trading Commission exempt blockchain protocol developers from registration requirements and update its regulatory framework to better reflect the structure of the DeFi market.