Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a free weekly newsletter focused on crypto assets. Sign up…
Tag: Capital Markets
Circle’s SeedInvest Takes Step Toward Tokenizing Stocks With Trading License
Equity fundraising platform SeedInvest, which was recently acquired by cryptocurrency startup Circle, can now operate as an alternative trading system (ATS), the companies announced Friday. SeedInvest and Circle said in a blog post that the Financial Industry Regulatory Authority (FINRA), a…
Bakkt Exchange May Be Seeking New York License for Crypto Custody: Report
The owner of the New York Stock Exchange, Intercontinental Exchange (ICE), is reportedly eyeing a New York license for its long-delayed crypto exchange Bakkt. With Bakkt’s launch having been held up for five months, apparently over persuading the Commodity Futures Trading Commission (CFTC)…
LedgerX Reveals Bid to Beat Bakkt to Physical Bitcoin Futures Launch
Cryptocurrency derivatives provider LedgerX plans to become the first U.S. firm to offer physically settled bitcoin futures contracts. The company announced Monday that it has filed for a designated contract market (DCM) license, which would allow LedgerX to offer physically-settled…
Digital Asset Goes Open Source as Firm Eyes Closer Ties With Hyperledger
Blockchain startup Digital Asset is open sourcing its Digital Asset Modelling Language (DAML), the beating heart of projects like the partial re-plumbing of the Australian Stock Exchange (ASX). Announced Thursday, the move sees DA making DAML freely available – opening…
TrueDigital Expands Distribution of Its Bitcoin and Ether OTC Reference Rates
Institutional digital assets platform trueDigital Holdings has signed two new distribution deals to expand the reach of its over-the-counter (OTC) reference rates for bitcoin (BTC) and ether (ETH). Announcing the news on Monday, trueDigital said that it has partnered with…
CoinMarketCap Crypto Indices Launch on Nasdaq, Bloomberg, Reuters
Two cryptocurrency benchmark indices from data provider CoinMarketCap will launch today on financial data feeds from Nasdaq Global Index Data Service (GIDS), Bloomberg Terminal, Thomson Reuters Eikon (Refinitiv) and Germany’s Börse Stuttgart, as well as on its own platform. CoinMarketCap…
BitGo Adds Custody Support for Blockchain Capital’s Security Token
Cryptocurrency custodian BitGo Trust Company is adding support for the BCAP security token from venture capital firm Blockchain Capital. Revealing the news exclusively to CoinDesk on Tuesday, BitGo said clients can now compliantly store their BCAP assets using the regulated firm’s…
Crypto Finance Startup Circle Seeking Further $250 Million in Funding: Report
Crypto finance startup Circle Internet Financial is reportedly looking to raise a further $250 million in funding. A report from The Information on Saturday, citing a source with knowledge of the matter, said that Circle is seeking to raise the…
Long the Bankers! Why Security Tokens Need Trusted Middlemen
Ami Ben David is co-founder and managing partner at SPiCE VC, an investor in multiple security token-related companies and co-founder of the Ownera Foundation. This article first appeared in ‘Institutional Crypto,’ a weekly CoinDesk newsletter focused on the nexus of…