Ondo Finance ONDO$0.3616 has hired former Invesco ETF executive and Grayscale managing director John Hoffman to expand its tokenized investment products beyond stocks and Treasury notes. Hoffman joins the firm as managing director and head of product portfolios after serving as head of distribution and partnerships at Grayscale Investments, best known for its digital asset…
The structure is based on depositary receipts, a longstanding financial product that allows investors to gain exposure to shares through a bank-issued security. Citi has adapted that model for private companies and recorded the securities on blockchain infrastructure operated by Swiss market operator SIX. The result is a digital version of a traditional financial instrument….
Solana (SOL), up 2.6% from Wednesday, was also a top performer. Source link
Tether Investments said it led a $1.4 billion funding round for Neura Robotics, a German startup developing AI-powered humanoid robots, in what it called one of the largest investments into physical AI on record. The funding, announced Wednesday, was projected to value Neura between $9 billion and nearly $12 billion when it first became public…
SpaceX has priced its shares at $135, according to a filing with the U.S. Securities and Exchange Commission on Thursday, setting the stage for one of the most closely watched public market debuts in recent years. The company sold 555.6 million shares at that price, raising $75 billion, making it the largest IPO ever, easily…
SpaceX (SPCX) shares will begin trading on Solana the same day the company is expected to list on Nasdaq, according to Sunrise, a tokenization infrastructure provider, and Backpack Securities, a regulated brokerage and crypto trading platform, which are launching a tokenized version of the stock called SPCX. The token, issued by Backpack, represents ownership of…
Banks are focusing on pulling stablecoins and tokenized forms of more traditional financial instruments into one integrated package to meet growing institutional demand for multi-asset flexibility. Rather than waiting for a single winner to emerge, large asset managers and corporate treasuries are demanding a multi-instrument setup in which stablecoins, tokenized bank deposits and tokenized money…
Coinbase has launched a new product called Coinbase for Agents, a platform that allows artificial intelligence agents such as ChatGPT and Anthropic’s Claude to connect directly to users’ Coinbase accounts and carry out financial transactions on their behalf. The product, which went live on Wednesday, enables AI agents to trade cryptocurrencies, access market data, pay…
Crypto theft from criminal fraud and hacking would be the jurisdiction of a new U.S. cross-agency task force contemplated in a bipartisan bill introduced on Thursday, backed by well-placed lawmakers in the U.S. House of Representatives. The Federal Cryptocurrency Theft Task Force would be led by the U.S. attorney general, according to bill text reviewed…
In today’s newsletter, Joshua de Vos, from CoinDesk Research, analyzes May’s crypto outflows to explain what current market signals mean. Then, in “Ask an Expert,” Bryan Courchesne from DAiM addresses how investors can navigate the current market environment. Crypto ETFs: May Breakdown and What’s Next May ended two consecutive months of net inflows, with global…
