Swiss digital asset banking group Sygnum has launched a new institutional asset management service aimed at the growing $100 billion corporate crypto treasury sector. The product, called Sygnum Select, applies traditional Swiss portfolio management principles to digital assets. The bank confirmed that the service will already be operational with live
World Liberty Financial (WLFI) has announced plans to launch an institutional-grade real-world asset (RWA) product, starting with a tokenized investment linked to Trump International Hotel & Resort in the Maldives. The company aims to bridge decentralized finance with regulated real estate exposure. WLFI is partnering with Securitize and DarGlobal PLC
Crypto market maker Wintermute has launched institutional over-the-counter trading for tokenized gold products, signaling growing confidence in blockchain-based commodities. The firm confirmed that its OTC desk now supports execution in Pax Gold (PAXG) and Tether Gold (XAUT), the two largest gold-backed tokens by market capitalization. The move positions Wintermute to
Russian officials say citizens move more than $129 billion in crypto each year outside formal oversight, prompting renewed calls for regulation. At the Alfa Talk conference, Deputy Finance Minister Ivan Chebeskov highlighted the scale of adoption. He said Russian citizens generate roughly 50 billion rubles in daily crypto turnover. That
SBI Holdings has furthered its blockchain strategy by participating in a Layer-1 project related to tokenized stocks via the Startale Group. This is a clear indication of the growing interest of Japan’s financial giants in moving traditional stocks to blockchain technology. This new development is a continuation of the discussions
The XRP Ledger has turned a corner after indicating a high level of institutional interest in the platform. This is followed by increased activity revolving around the tokenisation of assets on the XRPL. Crypto investor Paul Barron posted on X that the XRPL has turned the corner after hitting the
Mega Matrix Inc., an NYSE-listed company, has taken bold steps to embrace digital assets, passing what is said to be a historic treasury shift. According to PANews, the board of directors has equated Bitcoin (BTC) and Ethereum (ETH) as reserve assets of the company. The initiative is designed to boost
Brian Quintenz, former commissioner at the Commodity Futures Trading Commission (CFTC), has been nominated by Donald Trump to lead the agency. Ahead of his Senate confirmation, Quintenz has disclosed financial interests in several crypto and market prediction firms. He also laid out steps to avoid conflicts of interest if approved
The Financial Accounting Standards Board (FASB) has officially implemented the new fair value accounting rules for Bitcoin (BTC). It is set to take effect starting in fiscal years beginning after December 15, 2024. This rule allows companies to determine their Bitcoin holdings at market value rather than just the purchase
In the last 24 hours, amid several news reports, the cryptocurrency sector witnessed the release of governmental institutions’ Bitcoin holdings data. The governmental reserves alone account for 2% of Bitcoin’s total supply. This indicates a widespread adoption of cryptocurrency in the global economy. Moreover, several banks have begun listing digital
