Archax, a UK-regulated cryptocurrency exchange and custodian, is venturing into the tokenization of real-world assets (RWAs). Today, the platform announced plans to offer tokenized money market funds from three global financial giants—State Street, Fidelity International, and Legal & General Investment Management (LGIM). This marks a significant step in Archax’s mission
Fidelity International and Citi have unveiled a proof-of-concept (PoC) for an on-chain money market fund (MMF) featuring a digital foreign exchange (FX) swap solution. This was announced ahead of the Singapore FinTech Festival 2024 happening from November 6–8. The solution jointly developed demonstrates the real-time settlement of tokenized MMF transactions
Fidelity, the global asset manager, has officially filed for its Spot Bitcoin ETF recently. The U.S. Securities and Exchange Commission stated that the filings made for the Bitcoin exchange-traded funds (ETF) by Blackrock and Fidelity were not sufficiently clear and comprehensive. After the SEC’s comments, Fidelity updated the application. The
In a significant development, Fidelity has formally requested approval for a spot Bitcoin ETF. Consequently, optimism is rebounding within the beleaguered crypto industry. As per a Coingraph tweet, the proposal, sent to the U.S. Securities and Exchange Commission (SEC), seeks to list and trade shares of the Wise Origin Bitcoin
In a significant move, Fidelity, the American multinational financial services corporation, is reportedly making strides towards submitting a spot Bitcoin Exchange Traded Fund (ETF) filing. This step demonstrates a potentially transformative moment in the global crypto market’s evolution. Additionally, financial analysts argue that launching a spot Bitcoin ETF could revolutionize
In what may be a watershed moment for the Bitcoin exchange-traded fund (ETF) industry, prominent firms are rushing to submit applications to the U.S. SEC in June 2023. On June 15, 2023, Blackrock, the biggest asset manager in the world, applied for the same, and it was quickly followed by
After many months of volatility in the cryptocurrency market, the Hong Kong-based digital asset exchange OSL has decided to slash its operating expenses by around a third. This involves reducing the size of the personnel; however, the company did not disclose how much percentage of its workers were let go.
Fidelity Investments has reportedly launched crypto trading accounts for consumers, after the introduction of a waiting list earlier this month. Even if the FTX fall has coincided with widespread uncertainty, the Fidelity development may be an indication of stability. An email sent out to users today began with the phrase
After the recent failure of the cryptocurrency exchange FTX, a group of U.S. senators have sent another letter to the financial behemoth Fidelity Investments, urging it not to sell Bitcoin to its clients. The letter was signed by three senators from three different states: Tina Smith of Minnesota, Elizabeth Warren
One of the top brokerages in the world has launched a revolutionary new product for trading cryptocurrencies. For retail customers, Fidelity Investments is introducing commission-free cryptocurrency trading. This trading firm has over $9.9 trillion in assets under management and has now revealed a waitlist for its new crypto service. The
