UK regulator advocates for asset managers to tokenize funds
Investment managers in the United Kingdom are receiving regulatory support to leverage blockchain technology for the tokenization of funds, breaking away from conventional record-keeping systems.In a recent report published by the Investment Association (IA), it outlined the rapid mov ...
Aave, Circle, Base become founding members of Tokenized Asset Coalition
Seven leaders in decentralized finance (DeFi) have banded together to form the Tokenized Asset Coalition (TAC). The new advocacy group will work toward the adoption of public blockchains, asset tokenization and institutional DeFi, it announced Sept. 7.Aave Companies, Centrifuge, Circle, Co ...
BlackRock’s Bitcoin ETF to be the 7th application delayed by SEC today
The United States Securities and Exchange Commission has delayed an application for a Bitcoin exchange-traded fund from global asset manager BlackRock.The asset manager, which is said to have 8.5 trillion of assets on its books, has had its iShares Bitcoin Trust delayed, aimed at offe ...
This DeFi platform unlocks automated asset management for retail investors
Decentralized finance (DeFi) is one of the most critical use cases of blockchain technology. Despite the dramatic decline that has left the total value locked (TVL) in DeFi at about 20% of its peak ($248.8 billion in November 2021 compared to $48.6 billion in April 2023), the trend is here ...
US SEC deems spot Bitcoin ETFs filings as inadequate: Report
There may be a longer wait for a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States, as the Securities and Exchange Commission labeled investment managers’ recent applications inadequate.According to The Wall Street Journal, the securities regulator told the Nasda ...