JUST IN: 🇺🇸 IBM launches new Bitcoin and crypto service for U.S. institutionsIBM’s “Digital Asset Haven” will offer custody and payments for U.S. businesses and governments by year-end https://t.co/EbxIiaz9ec ...

🚨NEW: IBM Launches ‘Digital Asset Haven’ PlatformThe blockchain platform built with wallet provider Dfns will help banks, governments, and enterprises launch crypto-based services like custody and settlement. https://t.co/lPa5vspBGv ...

Core Insights - IBM is launching a new platform, the IBM Digital Asset Haven, aimed at banks, governments, and large corporations for secure management of digital assets across multiple blockchains [1][2] - The platform will provide custody, transaction routing, and settlement services across over 40 public and private chains, along with compliance tools such as identity verification and anti-money laundering checks [2][4] - The software-as-a-service (SaaS) version is expected to be operational in Q4 2023, with broader support anticipated by Q2 2026 [2] Industry Trends - Financial institutions and businesses are increasingly exploring the use of stablecoins and tokenized real-world assets to facilitate cheaper, faster, and less frictional cross-border transactions compared to traditional banking systems [3] - The rise in adoption of tokenized assets and stablecoins necessitates the evolution of institutions to modernize their product offerings [4] Collaboration and Technology - IBM's platform was developed in partnership with Dfns, a crypto wallet infrastructure firm, leveraging IBM's hardware-level security and Dfns' custody technology [4] - The platform supports features such as multi-party approvals, programmable access controls, and hybrid deployment options across various environments [4][5] - The infrastructure aims to meet the same standards as traditional financial systems to enable the integration of digital assets into core banking and capital markets [5]

IBM has announced the launch of its enterprise crypto services platform, Digital Asset Haven, set to go live by the end of 2025. The platform, built on technology from French wallet infrastructure firm Dfns, will offer custody and payment services for institutional clients, especially banks, and support integration with over 40 public and private blockchains.https://t.co/PnJsOP672S ...

Market Overview - The Dow Jones Industrial Average increased by 472.52 points (1.0111%), reaching 47207.12, driven by positive market narratives including optimism around a potential US-China trade deal and expectations of a Federal Reserve interest rate cut [1] - Cooler-than-expected inflation data released on Friday reinforced expectations for a 25 basis point rate reduction by the Fed [1] Earnings Expectations - Anticipation of strong third-quarter earnings from major technology companies, known as the "Magnificent Seven," is contributing to a bullish market outlook [2] - Dow Futures also reflected positive sentiment, rising by 238.00 points (0.5022%) to 47634.00 [2] Company Performance - Among Dow components, IBM saw a significant gain of 7.89%, while Goldman Sachs rose by 4.41% and Nvidia increased by 2.36% [3] - Conversely, Honeywell experienced the largest decline at -2.12%, followed by 3M Company at -1.81%, and Walt Disney at -1.17% [3]

Core Insights - The article discusses the potential of IBM as a leading AI stock amid Fed rate cuts, highlighting new catalysts for the company in the evolving tech landscape [1][2]. Group 1: AI Impact on Software - The last few years have seen a shift where AI is increasingly integrated into software, reversing the previous notion of "software eating the world" [2]. - SaaS companies are transforming into hardware companies, while traditional hardware firms are adopting SaaS-like models, indicating a significant value shift in the tech industry [2]. Group 2: IBM's Strategic Developments - IBM has updated its Granite family of AI models, achieving approximately 90% cost efficiency compared to larger models, which positions the company favorably in the AI market [3]. - The RedHat acquisition is crucial for IBM's open-source GenAI strategy, with platforms like RHEL AI and OpenShift AI gaining traction alongside IBM's watsonx AI solutions [3]. Group 3: Investment Perspective - While IBM shows promise, there are other AI stocks that may offer higher returns with limited downside risk, suggesting a competitive landscape for investors [4].

🔥 BIG: IBM unveils Digital Asset Haven, a full-stack platform for institutions to manage digital assets across 40+ blockchains. https://t.co/dKkWbIlxbR ...

🚨UPDATE: IBM LAUNCHES CRYPTO SERVICES FOR BUSINESSES ...

International Business Machines is launching a digital assets platform to allow financial institutions, governments and companies to launch blockchain-based services, as crypto activity gathers steam https://t.co/IoNdBPJqIl ...

Core Insights - IBM's quantum division has generated nearly $1 billion in revenue since 2017, significantly outpacing most early-stage quantum startups [1][5][6] - The company integrates its quantum technology with a broader, profitable business model, unlike competitors that are still scaling operations [2][5] - IBM's revenue is more than 10 times that of any startup competitor, indicating a tangible path to profitability in commercial quantum computing [5][7] Revenue Comparison - IonQ is targeting $95 million in revenue for the current year but is operating at a net loss [3] - D-Wave generated $9 million last year and anticipates growth in 2025 [3] - Rigetti Computing has experienced volatile revenue due to government contract delays, while pre-revenue firms like Quantum Computing Inc and Alphabet's quantum divisions focus mainly on R&D [4] Market Positioning - IBM's steady revenue track record positions it as a safer, more mature investment in the quantum computing space, especially amid government interest in the technology [6][7] - The company is seen as a bridge between speculative excitement and real-world adoption of quantum computing [6] - IBM's revenue lead highlights the commercial gap between established tech giants and ambitious newcomers in the quantum sector [7]