A tale of crypto rivalry, multimillion-dollar contracts, and bureaucratic definitions of “small business.”
The fund seeks to raise A$25 million ($18.4 million) over a three-month period, promising clients a 100% FIL return over five years.
“It was very important for us to show the customers that we have the balance sheet and valuation to stay independent.”
“We’re doing it,” tweeted Jack Dorsey, the fintech’s CEO.
Anchorage President Diogo Monica said the token was added following “massive demand” from its institutional clients.
BitMEX said the appointment forms part of the firm's "beyond derivatives" strategy.
State Street says it plans to evolve into a “multi-asset platform” to support cryptocurrency trading and more.
The bank becomes the first in Asia to offer crypto trust services providing custody and trading.
Trading, custody and financing are all said to be under consideration by the U.S. banking giant.
Derivatives are to remain at "the heart" of BitMEX's business, however.
A first wave of private banks is looking for exposure to DeFi and staking, but with an easy user interface.
Big Blue wading deeper into these waters speaks to a broader change in the posture of corporates toward public blockchains.
Ethereum-friendly custody firm Trustology is now supporting NFTs for lending and collateralizing.
The private bank is also investigating tokenization of assets, it announced Sunday.
As institutional appetite for bitcoin grows, "incumbent banks" will look for ways to satisfy that demand, a Goldman Sachs industry lead says.