Is blockchain helping Wall Street trading break the confines of the workweek? That reality could be on the horizon, Bloomberg reported Tuesday (Aug. 12), after a group of finance heavyweights used a cryptocurrency blockchain to trade U.S. Treasurys for digital dollars on a Saturday. The...
Blockchain company Ripple and the Securities and Exchange Commission (SEC) told a court Thursday (Aug. 7) that they have ended their appeals in a long-running legal battle. “Following the Commission’s vote today, the SEC and Ripple formally filed directly with the second circuit to dismiss their appeals,” Ripple...
Bank of America is reportedly seeing growing interest from investors in the tokenization of real-world assets (RWAs). These RWAs include stocks, bonds, bank deposits and real estate, CoinDesk reported Friday (Aug. 1), citing Bank of America analysts. Investors see opportunities in fractional ownership that broadens...
The tokenization of shares of money market funds could help keep money market funds competitive with stablecoins while also creating new uses for them, according to JPMorgan Chase & Co. strategists. The strategists said this in a note to clients, commenting on a partnership between...
Square is letting the first merchants on its network accept bitcoin payments. The company is now allowing some sellers to accept Lightning Network-powered BTC payments from customers, Owen Jennings, executive officer and head of business at Square’s parent company, Block, wrote in a Tuesday (July...
Treasury management is getting a blockchain-based makeover just as the function shoots up the priority list of enterprises. The news Wednesday (July 23) that BNY and Goldman Sachs are partnering to bring traditional financial instruments like money market funds (MMFs) onto blockchain infrastructure underscores that this...
Blockchain company Ripple has launched a partnership with tokenization infrastructure platform Ctrl Alt. The collaboration, announced Wednesday (July 16) will see Ctrl Alt use Ripple’s digital asset custody technology to support the Dubai Land Department’s (DLD) Real Estate Tokenization Project by delivering storage for Dubai’s tokenized real estate title deeds, issued on...
Two weeks after it began offering tokenized equities, Robinhood Markets is dealing with continued fallout. A report Saturday (July 12) by Bloomberg examines the brokerage’s struggles in the wake of the new offering, which launched a $1 million giveaway of SpaceX and OpenAI tokens. But...
Bitcoin reportedly hit an all-time high Friday (July 11), driven in part by investors’ optimism around crypto legislation and corporate treasuries’ interest in buying bitcoin. Bitcoin briefly surpassed $118,000 and it rose as high as $118,872.85, CNBC reported Friday. At the time of that report, bitcoin was...