EthSystems, a startup spun out of the Ethereum Foundation earlier this month, is betting that privacy, not scalability, is the biggest obstacle preventing institutions from moving financial activity onto public blockchains. The company, which emerged from the Ethereum Foundation’s Institutional Privacy Task Force, is building confidentiality infrastructure for banks, asset managers and governments looking to […]
The firm is not interested in buying rivals, Domingo said. “They’re not going to bring anything to me that I don’t have in terms of tech.” Instead, Domingo said Securitize is looking at businesses that complement its institutional tokenization offering, aiming to build a broader “one-stop shop” for customers. “We’re going to look at what […]
In its first earnings report since its May IPO, Cerebras Systems (CBRS) is lower by 11% in after-hours trading after guiding to lower profit margins next quarter. First-quarter revenue nearly doubled from the year-ago level to $193.4 million, and the company’s adjusted net loss of $2.5 million beat analyst forecasts of $36.75 million. For the […]
Securitize reported record quarterly revenue as the tokenization platform continued advancing toward an eventual public listing through its proposed SPAC merger with Cantor Equity Partners II (CEPT), underscoring growing institutional demand for tokenized real-world assets despite ongoing profitability pressures. The Miami-based company said first-quarter revenue rose 39% year over year to $19.5 million, the highest […]
The New Hampshire Business Finance Authority is set to issue what appears to be the first rated bitcoin-backed bond of its kind, marking a step toward integrating crypto into traditional public finance. The bonds received a provisional Ba2 rating from Moody’s Ratings, two notches below investment grade. They will be issued through the Business Finance […]
XRP’s slow push into institutional finance just picked up another backer. Data-focused blockchain firm Flare announced on Friday that Everything Blockchain Inc. (OTC: EBZT), a U.S.-listed company, has signed a memorandum of understanding to adopt its XRP finance (XRPFi) framework for corporate treasury yield. The move comes months after Nasdaq-listed VivoPower International PLC (NASDAQ: VVPR) […]