Singapore Gulf Bank Eyes $50M for Stablecoin Firm Acquisition
Singapore Gulf Bank seeks to sell an equity share to fund product expansion and a 2025 stablecoin payments acquisition. Singapore Gulf Bank, a crypto-friendly digital bank, is reportedly seeking a minimum of $50 million in funding as it plans to acquire a stablecoin payments company by 2025. On November 25, Bloomberg reported that Singapore Gulf […]
Standard Chartered’s Crypto Custodian Zodia To Raise $50Million
Zodia, backed by several financial firms, plans to raise $50 million to reach out to more diverse investors. Zodia Custody, the institutional crypto custody platform partly owned by Standard Chartered, is set to scale its global operations through new funding. CEO Julian Sawyer revealed plans to raise $50 million to expand services and launch new […]
Libeara, FundBridge Introduce Onchain US Treasurys Fund
Libeara and FundBridge Capital’s Ultra Fund brings US Treasury investments onchain, strengthening blockchain finance. Libeara, a blockchain-based asset tokenization platform, and FundBridge Capital, an infrastructure provider for fund management, have introduced a tokenized U.S. Treasurys fund on a public blockchain. The fund, named the “Delta Wellington Ultra Short Treasury On-Chain Fund” or “Ultra Fund,” provides […]
Visa Leads Tokenization of Real World Assets for Banks
Visa has partnered with dtcpay to enhance its global cryptol payments facilitating safer, more convenient international transactions. Visa has introduced a new initiative known as the Visa Tokenized Asset Platform (VTAP). This new initiative aims to simplify the process for financial institutions to issue and experiment with tokens backed by financial assets. The platform’s purpose […]
House Republicans Push SEC To Repeal ‘disastrous’ SAB 121
The House and Senate Republicans alleged that by issuing SAB 121, the SEC avoided the Administrative Procedure Act’s notice and comment rulemaking procedure. Over 40 U.S. Republicans have urged the Securities and Exchange Commission (SEC) to repeal its “disastrous” rule, Staff Accounting Bulletin (SAB) No. 121. This request follows a bipartisan repeal bill that was […]