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Techub News reports that Fiserv, a global provider of payment and financial services technology, has announced the official launch of its digital asset platform. Institutional financial clients can now use the stablecoin banking and payment services provided by the platform. This marks an important step in the commercialization process of stablecoins empowering banking services. (Finextra Crypto Channel)
Techub News reports that Morgan Stanley has announced the launch of a Digital Asset Lab, aimed at testing stablecoins, tokenized assets, and other crypto infrastructure technologies. The lab will explore the application of blockchain technology in the financial services sector to enhance efficiency and develop new products. According to Bloomberg, the establishment of this lab is Morgan Stanley's latest move in the digital asset space, aiming to keep pace with industry innovations.
Techub News reports that UK digital asset company Zumo has launched a crypto regulation tracker aimed at helping businesses navigate the complexities posed by the upcoming comprehensive regulatory regime. The tool is designed to assist companies in simplifying compliance processes and adapting to regulatory changes. Zumo is a UK-based company focused on cryptocurrency wallets and payment solutions. This initiative aims to provide navigation support for businesses as the UK's crypto asset regulatory framework gradually takes effect. (Finextra Crypto Channel)
Techub News, according to crypto.news, Canton Network developer Digital Asset is raising approximately $300 million, led by a16z crypto, at a valuation of nearly $2 billion. The funding round is expected to close within weeks and could become its largest to date. The company focuses on providing privacy-preserving blockchain infrastructure for financial institutions, allowing them to share transaction data while protecting sensitive information. Previously, financial giants like Visa and DTCC have joined its network. This fundraising reflects the growing interest of traditional financial institutions in tokenized assets and privacy-focused blockchain infrastructure.
Techub News, according to Bloomberg, blockchain company and Canton Network developer Digital Asset Holdings LLC has completed a new round of $50 million in financing, with participants including BNY Mellon, Nasdaq, S&P Global, and iCapital. This new funding follows the company's earlier $135 million financing round completed earlier this year. The previous round was led by DRW Venture Capital and Tradeweb Markets, with participants including Citadel Securities, IMC, Optiver, and others.
Techub News reports that Standard Chartered Bank has announced official support for institutional custody services for the stablecoin Ripple USD issued on the XRP Ledger, provided by its DIFC branch regulated by the Dubai Financial Services Authority. Additionally, Standard Chartered Bank is collaborating with Ripple and LMAX Group to plan to make RLUSD eligible collateral and to expand its collateral mirroring model to LMAX Group. Waqar Chaudry, Global Head of Digital Assets at Standard Chartered Bank, stated that by integrating capabilities with Ripple and LMAX, the bank can help clients more confidently incorporate digital assets into their broader financial activities. Luke Dorney, Head of Digital Asset Custody at LMAX Group, mentioned that RLUSD is becoming an increasingly important component in the institutional digital asset market. Jack McDonald, Senior Vice President of Stablecoin Business at Ripple, said that combining RLUSD on the XRP Ledger, Standard Chartered's custody capabilities, and LMAX's institutional trading infrastructure creates a viable path for institutions to utilize stablecoins in the global market. (Ripple Press Release)
Techub News reports that the U.S. Congress is reviewing a proposal that considers allowing banks to hold cryptocurrencies and issue stablecoins. The proposal aims to provide a clear legal framework for traditional financial institutions to participate in the digital asset space, potentially accelerating the institutional adoption of cryptocurrencies. If the proposal is passed, banks will be able to directly custody customers' crypto assets and issue stablecoins pegged to fiat currencies such as the U.S. dollar, which could impact the stability of the digital asset market and the valuation of assets such as Bitcoin. (Crypto Briefing)
Techub News reports that the Congressional Research Service has released an analysis report listing 11 types of cryptocurrency activities that the proposed CLARITY Act in the Senate would allow U.S. banks and credit unions to engage in, including digital asset underwriting and trading. The report aims to provide references for legislators, detailing how the bill, if passed, would establish a clear legal framework for traditional financial institutions to participate in the cryptocurrency market. (Crypto.news)
Techub News reported that BlackRock's tokenized asset fund BUIDL announced the expansion of its multi-chain liquidity infrastructure. This operation aims to enhance the activity scope of the digital asset ecosystem and provide critical development for market participants. This infrastructure upgrade reflects a strategic shift towards scalable and transparent operations. Analysts emphasize that continuous technological upgrades will play a core role in maintaining user confidence and market stability in the coming quarter. (Bitcoinist)
Techub News reports that the Solana validator codebase version v2.1.0 has been released on the testnet. This version includes critical infrastructure enhancements. Industry analysis points out that continuous technological upgrades are crucial for maintaining user confidence and market stability. As institutional participation accelerates in global markets, this upgrade lays the foundation for scalable and transparent operations. (NewsBTC)
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