Ripple to Showcase Tokenization Solution at HKMA e-HKD Pilot Program
Ripple is set to demonstrate and showcase a real estate asset tokenization solution at the Hong Kong Monetary Authority’s (HKMA’s) digital Hong Kong dollar (e-HKD) central bank digital currency (CBDC) pilot program. Ripple will collaborate with Fubon Bank of Taiwan and others to demonstrate equity release with tokenized assets using the retail variant of the […]
Subversive Capital Shuts Down its Metaverse ETF ‘PUNK’
Subversive Capital has shut down its Metaverse exchange-traded fund (ETF) dubbed PUNK only after a year and three months to direct its focus on artificial intelligence (AI). As the company shifts its focus to artificial intelligence (AI), Subversive Capital plans to close and liquidate its Subversive Metaverse ETF, also known by its ticker symbol “PUNK.” […]
Wells Fargo Agrees to $1B Settlement for Shareholders in Lawsuit
Wells Fargo has settled a class-action lawsuit which alleges that the bank misled its shareholders regarding its efforts to address the 2016 phony accounts scandal by agreeing to pay $1 billion to its shareholders. United States district judge Gregory Woods granted preliminary approval to a $1 billion cash-only settlement in Manhattan federal court. On September […]