Integration with Swift Shared Ledger Cosmos Labs announced on September 28 that its Tokenization Suite will establish connectivity with the blockchain-based shared ledger operated by Swift. The development allows financial institutions to utilize Cosmos infrastructure to maintain tokenized-deposit ledgers without the need to replace their existing banking-core systems. According to the announcement,
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IPO Targets and Valuation Blockchain.com is reportedly seeking to raise approximately $500 million through an initial public offering, according to a report by Bloomberg published on Monday. The crypto exchange and wallet provider is targeting a post-money valuation between $4 billion and $6 billion. The company is open to structuring a smaller
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Chain Restarted at Block 3,833,000 The Zano blockchain has been rolled back approximately one month to block 3,833,000 following a security exploit. The decision, announced by the Zano core team on Sunday, reverses all activity occurring after that block height. According to the team, the rollback was necessary to block unauthorized
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Leadership Change Announced for Washington Crypto Trade Group Summer Mersinger, the chief executive officer of the Blockchain Association, will step down from her position on October 16. The organization, described as one of Washington’s most influential crypto trade groups, announced that Mersinger will remain with the group as an adviser through
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Beta Integration Links IBM Platform to Swift Infrastructure IBM has launched a beta integration connecting its Digital Asset Haven platform to Swift’s blockchain-based shared ledger. According to the IBM Newsroom, this capability allows financial institutions to instruct tokenized-deposit transactions using existing ISO 20022 payment messages. The move is designed to streamline
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BlackRock Strategies Underpin New Ondo Products BlackRock, the world’s largest asset manager, has designed three investment portfolios that are now being packaged as blockchain-based tokens by Ondo Finance. The Wall Street Journal reported on the development earlier this week. These products represent a shift in how traditional portfolio management logic is
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Bitcoin registered an intraday low of $83,500 on September 23, breaking below the $84,000 threshold as a surge in US real yields pressured the broader risk-asset complex. The drop coincided with a sharp rise in bond markets, where the US 10-year Treasury yield closed at 5.11%, up 15 basis points
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Matrixdock Issues XAUm on Arc Circle's Arc blockchain has launched its first tokenized gold asset. The digital token, named XAUm, is issued by Matrixdock and represents one ounce of physical gold. The asset marks a significant step for the Arc network, which Circle introduced on September 16 with support from Visa,
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Federal Prosecutors Review Exchange Compliance The U.S. Department of Justice (DOJ) has officially initiated a probe into whether Binance knowingly violated Iran sanctions. Federal prosecutors in Manhattan, New York, are currently reviewing whether the exchange was aware of illicit capital flows originating from Iran. The DOJ’s criminal division is involved in
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First Direct Use of Euroclear in South Korea Hana Bank has issued a five-year, $100 million digital bond using Euroclear’s blockchain-based platform. The Yonhap News Agency reported the development on Monday, noting that the transaction is the first digital bond issuance in South Korea to directly use Euroclear’s blockchain infrastructure. The South
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