Securitize manages B with acquisition of MG Stover admin business

Securitize manages $38B with acquisition of MG Stover admin business

The tokenization company has issued $3.3 billion in onchain assets, including BlackRock’s tokenized US Treasury fund, BUIDL. Tokenization company Securitize has expanded its digital asset operations by acquiring MG Stover’s fund administration business, in a move the company said has significantly grown its assets under management and ability to serve institutional clients. With the acquisition,…

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Bitcoin could reduce dominance of US dollar — BlackRock

Bitcoin could reduce dominance of US dollar — BlackRock

BlackRock CEO Larry Fink warned in an annual letter that mounting US debt could drive investors toward Bitcoin, threatening the dollar’s global dominance. The US dollar could lose its status as the world’s reserve currency to Bitcoin or other digital assets if the United States does not get its debt under control, according to BlackRock…

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Bitcoin adoption in EU limited by ‘fragmented’ regulations — Analysts

Bitcoin adoption in EU limited by ‘fragmented’ regulations — Analysts

Corporate Bitcoin adoption remains limited by Europe’s “fragmented” regulatory regime and a smaller liquidity pool than the United States. Institutional adoption of Bitcoin in the European Union remains sluggish, even as the United States moves forward with landmark cryptocurrency regulations that seek to establish BTC as a national reserve asset. More than three weeks after…

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#SEC postpones ruling on Fidelity Ether ETF options

#SEC postpones ruling on Fidelity Ether ETF options

The agency delayed similar proposed rule changes by other exchanges in February. The US Securities and Exchange Commission has postponed ruling on whether or not to permit Cboe BZX Exchange to list options tied to asset manager Fidelity’s Ether (ETH) exchange-traded fund (ETFs).  The agency has given itself until May 14 to approve or disapprove…

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#BlackRock’s Larry Fink making leadership changes

#BlackRock’s Larry Fink making leadership changes

“BlackRock’s Larry Fink making leadership changes” BlackRock plans to make a slew of leadership changes across divisions and create a new unit, according to a memo seen by Reuters on Wednesday, at a time when the asset manager resists pressure to remove its Chief Executive Larry Fink. With Fink at the helm, the world’s largest asset…

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