Despite the hype and headlines, institutional and financial blockchain products are no silver-bullet panacea for legacy money movement frictions. The early promise of blockchain was around efficiency thanks to its immutable, shared ledger that eliminated reconciliation, reduced intermediaries and accelerated settlement. But as digital assets...
Figure Technology Solutions launched a proposed secondary public offering of up to 4.23 million shares of its Series A Blockchain Common Stock, or Blockchain Stock, the company said in a Friday (Feb. 13) press release. The company, which is a blockchain-native capital marketplace for tokenized assets, said...
Stablecoins promise to help businesses move money faster, cheaper and more transparently. But their path to legitimization and institutional adoption has been anything but fast, cheap or even transparent. Still, over the past week, policy debates stretched across Washington, Brussels, Hong Kong and Beijing, underscoring...
LSEG plans to build an on-chain settlement capability for institutional market participants. The global provider of financial markets infrastructure and data said in a Thursday (Feb. 12) press release that this solution, the LSEG Digital Securities Depository (DSD), is part of the company’s initiative to...
Watch more: The Digital Shift With Bastion’s Nassim Eddequiouaq Beneath the buzzy headlines around stablecoins’ capabilities for moving money at internet speed lies an intricate mess of plumbing. As stablecoins move deeper into the mainstream of global commerce, the question is no longer whether the...
Despite the sudden surge of enterprise interest in stablecoins, it was the tokenization of real world assets (RWA) that represented the crypto sector’s first major play for the institutional financial space. The pitch for tokenization is a conceptually linear one: put an asset on chain...
Watch more: The Digital Shift With Citi’s Biswarup Chatterjee As blockchain infrastructure inches closer to the core of global finance, a consequential debate is taking shape inside banks and among institutional investors. What form of digital money will ultimately dominate on-chain settlement? Stablecoins have so...
Stablecoin issuer Circle has launched a partnership with prediction market Polymarket. The collaboration is designed to support dollar-denominated settlement infrastructure for Polymarket users, the companies said in a Thursday (Feb. 5) news release. Polymarket now uses Bridged USDC (USDC.e) on Polygon as collateral for its...
Blockchain-based lender Figure says it is expanding investor access to its On-Chain Public Equity Network (OPEN). This is happening via new integrations with moomoo and Keplr, Figure said in a Wednesday (Feb. 4) news release. The collaboration is designed to extend the distribution of blockchain-native...