Wall Street’s elites have, for the longest time, sneered at digital assets, but their disapproval has barely stood in the way of institutions in the traditional finance setting from exploring this volatile asset class. While some have preferred the speculative investment approach, most financial services companies have placed long-term bets on the sector. Various jurisdictions […]
Tag: STO
Komainu Helps GCEX to Expand Crypto Custody Services
<p>GCEX, a digital prime brokerage offering foreign exchange (FX) and crypto services to institutional clients, has announced its newest partnership with Komainu, a joint venture between Nomura and two leading digital assets companies. With the partnership announced on Monday, GCEX will offer its clients a greater choice of regulated custodians.</p><p>GCEX Starts New Partnership with Komainu</p><p>According […]
Institutional Investors Maintain Conviction in Digital-Asset Strategies Despite Heavy Losses
The 2021 crypto market boom prompted many investors at the institution level to consider foraying into the digital assets space. The bulk sought exposure to the range of assets and similar offerings, while other bets indirectly on companies in the sector. Among others, MicroStrategy, Ark Invest, and Tesla set up notable digital assets-oriented investment strategies […]
PayPal Halts Stablecoin Foray Weeks Before Launch Over Regulatory Pressure
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. According to a report from Friday, February 9th, PayPal decided to pause its stablecoin plans. Allegedly, the firm’s decision is largely due to its main partner in the endeavor, Paxos, being under investigation by […]
Wall Street Giant Cantor Fitzgerald is Managing $39B of Tether’s Bonds
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. A Friday report revealed that a large portion of Tether’s bond portfolio is managed by one of the major Wall Street firms—Cantor Fitzgerald. The privately-held firm headed by Howard Lutnick is best known as […]
Crypto Firms “Generally Not Compliant,” Says SEC’s Gary Gensler
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. A day after SEC’s settlement with Kraken shook the crypto markets, the Agency’s Chair Gary Gensler gave an interview on the case itself and the wider state of the crypto industry. According to Gensler, […]
SEC Commissioner Peirce Lambasts Agency After Latest Move while Chairman Gensler Insists Agency is ‘Technology Neutral’
Yesterday, the digital asset market entered a slump not seen in weeks. The cause? Primarily, Kraken being issued a $30M fine by the SEC for selling unregistered securities through its staking-as-a-service-program. The decision to do so was met with disdain across the industry, as it was perceived as yet another example of regulators attempting to […]
Is Web3 More than Just a Buzzword?
<p>It wasn’t long ago that crypto was referred to as just that: crypto. For those wanting a more technical-sounding slant, there was a broader phrase: blockchain technology. And, prior to all this, there was simply, in the very early era, Bitcoin. If you follow crypto developments nowadays, though, you’ll find growing references to an altogether […]
Tokenized Bank Deposit Could Be an Alternative to Stablecoins: JPMorgan Report
Neither the author, Ruholamin Haqshanas, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. JPMorgan has proposed so-called “deposit tokens,” which refer to transferable tokens issued by a licensed institution on a blockchain, as a better alternative to modern-day stablecoins. The bank argued that deposit tokens are much […]
SEC Slaps Kraken $30M Fine Spooking Markets, Bitcoin Slides Below $22K
The first two weeks of February have delivered nothing short of the volatility that the sector is synonymous with. The broader market set off on a dull mood early this week, influenced by developments around the now-resolved dispute involving crypto lending firm Genesis and its parent company Digital Currency Group. Most asset prices across the […]
