SEC approves first US multi-asset crypto ETP, from Grayscale

SEC approves first US multi-asset crypto ETP, from Grayscale

The SEC approved Grayscale’s Digital Large Cap Fund, the first US multi-asset crypto ETP offering exposure to Bitcoin, Ether, XRP, Solana and Cardano. The US Securities and Exchange Commission (SEC) approved the first multi-asset cryptocurrency exchange-traded product (ETP) in the United States, clearing Grayscale’s Digital Large Cap Fund (GLDC) for listing. The fund will offer…

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Forward Industries eyes up to B share sale to back Solana push

Forward Industries eyes up to $4B share sale to back Solana push

The offering is being made under an automatic shelf registration, which lets large companies raise capital quickly and with flexibility. Nasdaq-listed company Forward Industries filed for an at-the-market (ATM) equity offering program of up to $4 billion, giving the company flexibility to sell shares over time to support its Solana-focused treasury strategy.  On Wednesday, Forward…

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SEC listing rules to boost crypto ETFs, but no guarantee of inflows: Bitwise

SEC listing rules to boost crypto ETFs, but no guarantee of inflows: Bitwise

Bitwise’s Matt Hougan says a more straightforward SEC listing process could lead to more crypto ETFs, but that doesn’t mean they’ll all attract money. The US Securities and Exchange Commission streamlining the approval process for crypto exchange-traded products (ETPs) may trigger a surge of new offerings, but that doesn’t guarantee their success, a crypto executive…

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Deutsche Börse subsidiary launches off-exchange settlement for institutions

Deutsche Börse subsidiary launches off-exchange settlement for institutions

Crypto Finance, part of the Deutsche Börse Group, has launched AnchorNote to let institutions trade across venues without moving assets out of custody. Crypto Finance, a subsidiary of Deutsche Börse Group, has launched a new off-exchange settlement solution to improve capital efficiency and trading flexibility for institutional crypto investors. The new product, Crypto Finance AnchorNote,…

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London Stock Exchange launches blockchain platform for private funds

London Stock Exchange launches blockchain platform for private funds

The London Stock Exchange launched a Microsoft-powered blockchain platform for private funds, marking the first such initiative by a global exchange. Update Sept. 15, 7:58 am UTC: This article has been updated to include another section on LSEG and Microsoft’s collaboration. The London Stock Exchange Group (LSEG) launched a blockchain-based infrastructure platform for private funds,…

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Crypto isn't Web 3.0, it's Capitalism 2.0 — Crypto exec

Crypto isn't Web 3.0, it's Capitalism 2.0 — Crypto exec

Cryptocurrencies and blockchain technology can modernize the entire capitalist system and are not just a niche internet development. Calling crypto “Web 3.0”, the third layer of the internet that enables permissionless asset ownership on the Web, “undermines” crypto’s true significance, which is a complete overhaul of the capitalist system, according to Mert Mumtaz, CEO of…

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The ‘endgame’ for US dollar stablecoins is no tickers — Web3 exec

The ‘endgame’ for US dollar stablecoins is no tickers — Web3 exec

US dollar-pegged Stablecoins have become commoditized, diminishing the need for individual price tickers from the viewpoint of crypto users. Dollar-pegged stablecoins will eventually lose their price tickers, as exchanges abstract away the differently denominated stable tokens on the backend, presenting only a “USD” option to the user, according to Mert Mumtaz, CEO of remote procedure…

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