Ondo Finance said Tuesday (Jan. 28) that it will bring tokenized U.S. Treasurys to the XRP Ledger (XRPL). This collaboration will offer institutional investors access to Ondo Short-Term U.S. Government Treasuries (OUSG), which are backed by the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) and...
Asset manager BlackRock is reportedly facing a new deadline over its investments in government-backed banks. The company had missed a Jan. 10 deadline issued by the Federal Deposit Insurance Corp. (FDIC) and now has until Feb. 10 to resolve an issue related to the firm’s...
Decentralized stablecoin cryptocurrency protocol Frax Finance launched a stablecoin that it said offers “unprecedented” transparency and custody. The frxUSD stablecoin is a rebranded evolution of the company’s flagship FRAX stablecoin and will leverage BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), tokenized by Securitize, Frax said...
Recent steps taken by the Federal Deposit Insurance Corporation (FDIC) will help ensure that fund managers are not “improperly influencing” decisions made by FDIC-supervised banks, Rohit Chopra, member of the FDIC board of directors and director of the Consumer Financial Protection Bureau (CFPB) said in...
August 09, 2022
How bad was crypto exchange Coinbase’s second quarter? Well, one of the first things CEO Brian Armstrong said was, “there’s a phrase that we say often internally at Coinbase, it’s never as good as it seems. And it’s never as bad as it seems.” So, not good. The Nasdaq-listed cryptocurrency exchange saw trading volume and […]
March 19, 2025
Elon Musk’s xAI and chipmaker Nvidia have joined a $30 billion artificial intelligence (AI) infrastructure project. The AI Infrastructure Fund, backed by BlackRock, Microsoft and Abu Dhabi AI investment group MGX, announced the two-high profile sign-ups Wednesday (March 19), noting that their ultimate goal was to raise up to $100 billion for artificial intelligence (AI) […]
January 28, 2025
Ondo Finance said Tuesday (Jan. 28) that it will bring tokenized U.S. Treasurys to the XRP Ledger (XRPL). This collaboration will offer institutional investors access to Ondo Short-Term U.S. Government...
January 12, 2025
Asset manager BlackRock is reportedly facing a new deadline over its investments in government-backed banks. The company had missed a Jan. 10 deadline issued by the Federal Deposit Insurance Corp....
January 02, 2025
Decentralized stablecoin cryptocurrency protocol Frax Finance launched a stablecoin that it said offers “unprecedented” transparency and custody. The frxUSD stablecoin is a rebranded evolution of the company’s flagship FRAX stablecoin...
