Real-World Asset Tokenization Done in Switzerland Asset tokenization, is the space where traditional assets and digital tokens intercept to allow issuers to build completely new financial products and investors to participate in new ways. Even if there’s still some way to go, there has been a lot of progress made in the digital asset space […]
Tag: STO
Fidelity Go Removes All Fees for Accounts Under $10,000
Good news for current and upcoming users of Boston-based Fidelity Investments’ robo advisor, Fidelity Go. Known for managing $2.46 trillion worth of assets across retirement and brokerage services, its Fidelity Go will waive fees for accounts under $10,000, starting from August 1, 2020. Fidelity Go Cuts Fees for Accounts Under $10,000 As FinTech competition heats […]
DeFi Lending App, Aave Protocol, Raises $3 Million Through LEND Token Sale
Two Venture Capital firms, Three Arrows Capital and Framework Ventures invest $3 million in decentralized finance (DeFi) lending platform, Aave. The investment was made through the purchase of Aave’s native tokens, LEND. In an announcement on Wednesday, confirms a $3 million investment in Aave Protocol, the third-largest DeFi app in total locked value. Framework Ventures […]
OKCoin Exchange Debuts API-Based Price Oracles for the DeFi Market; Compound to Integrate First
San Francisco based crypto exchange, OKCoin, has launched on-chain pricing feeds for the burgeoning DeFi market. An announcement on July 15, the firm debuted ‘OKCoin Oracle’ which will use API’s to support interoperability with crypto markets for reliable pricing on digital assets. According to the announcement, the OKcoin Oracle API’s will be verified via public […]
WealthSimple to introduce free crypto trading platform
WealthSimple announced recently that it will be incorporating cryptocurrency trading service as an extension of its platform Welathsimple, a Canadian based startup investment service for millennials, is reportedly launching an exchange called WealthSimple Crypto. The startup hopes to get it’s 200,000 existing customers to start using their new service — by offering zero commission crypto […]
Revolut’s Partnership with Paxos Allows its US Users to Buy, Sell, & Hold BTC & ETH in 49 States
Revolut now allows its US users to trade cryptocurrencies by partnering with Paxos. This was made possible by New York-based Paxos getting a new brokerage service to let merchants offer crypto trading services. Revolut US, the American division of the online bank, is the first client of Paxos. Paxos CEO Chad Cascarilla compared its new […]
Robinhood Raises Another $320 Million, Reaches $8.6 Billion Valuation
On July 13th, 2020, Robinhood concluded its Series F funding round which started in May. Joined by two new investors led by Sequoia Capital, Robinhood’s latest valuation rises to $8.6 billion. Robinhood Reaches $8.6 Billion Valuation Slowly, FinTech companies are adopting the Robinhood model of having no fees for trading stocks, ETFs, crypto assets, and […]
Security Tokens Outperformed Dow Jones, S&P 500 Last Month
Last year, the former CEO of Overstock found the purpose of blockchain-powered assets, calling security tokens the “killer app” that will propel the technology into mainstream finance. True to his word, Overstock (OSTKO) security tokens trading on tZERO platform managed to outperform not only DoW Jones but other US indices as well. Security Tokens Outperform […]
Abra Fined $300K in Joint Effort by SEC and CFTC for ‘Security Swapping’
In a joint effort by the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC), cryptocurrency trading app Abra, and its partner, Plutus Technologies, have been fined $300,000. The total represents two $150,000 fines, with each being paid to the CFTC and SEC. The fines were imposed by the two regulatory bodies […]
Compound’s Total Loan Values Touches $1 Billion As the DeFi Yield Farming Craze Continues
Compound, a decentralized finance (DeFi) lending platform, reaches $1 billion in total loans disbursed since launch to over 4500 borrowers. According to Compound’s official site, the platform has already disbursed over $1 billion in crypto-denominated loans as the rush of yield farming gets stronger by the day. Compound currently leads the yield farming craze, whereby […]
