How RWA unlocks new opportunities in the $700B reinsurance market
    20 Nov 2024
    28 Views

    Nayms, a crypto-native marketplace, has announced the introduction of the NAYM token to enable decentralized governance, staking and greater participation in tokenized insurance programs. The global reinsurance market, valued at over $700 billion, plays a critical role in stabilizing the broader insurance industry by covering risks for primary insurers. Traditionally, this market has been a closed-off space,…

    BlackRock receives license to operate in Abu Dhabi
    19 Nov 2024
    46 Views

    BlackRock, the multinational investment firm and spot Bitcoin exchange-traded fund (ETF) issuer, received a commercial license to operate in Abu Dhabi, the capital of the United Arab Emirates. According to Bloomberg, the approval granted on Nov. 18 reflects BlackRock’s interest in expanding in the crypto-friendly region. The company is also seeking a license to operate in the…

    Financial institutions will drive RWA tokenization’s trillion-dollar growth
    16 Nov 2024
    52 Views

    Financial institutions will be the main drivers of the growing tokenization industry leading up to 2030, which could potentially see more than 50-fold growth. Real-world asset (RWA) tokenization refers to financial and other tangible assets minted on the immutable blockchain ledger, increasing investor accessibility and trading opportunities around these assets. Large financial institutions will be the…

    Crypto firms push for SEC changes, crypto out of courts
    14 Nov 2024
    63 Views

    With Donald Trump’s reelection and a Republican majority in the Senate, crypto firms are ready to advocate for a “fresh perspective” on federal agencies. Ripple, one of the crypto companies engaged in battle courts with United States regulators, expects the new White House administration to remove digital assets’ policy from the courts, hoping for changes…

    Decentralized market making to play a key role in the future of DeFi
    12 Nov 2024
    71 Views

    The cryptocurrency market has transformed the financial landscape by introducing decentralized finance (DeFi) and innovative economic models. As a digital ecosystem where traditional intermediaries are bypassed, DeFi promises transparency, security and inclusivity. But here’s the catch: not all areas of the cryptocurrency market have fully embraced decentralization. Some corners of the crypto landscape, like market making, are…

    Tether to launch dirham-pegged stablecoin on TON
    02 Nov 2024
    58 Views

    Stablecoin issuer Tether has announced that its United Arab Emirates dirham-pegged stablecoin will be launched on The Open Network (TON) blockchain. At the TON Gateway event held in Dubai, Alessandro Giori, Tether’s senior strategic partnership manager, announced that its dirham stablecoins, announced earlier this year, will be launched on the TON blockchain. On Aug. 21,…