Core Insights - IBM is set to launch a platform called IBM Digital Asset Haven, aimed at enabling financial institutions, governments, and corporations to manage digital assets across multiple blockchains while ensuring compliance with regulatory requirements [1][2] - The platform is being developed in collaboration with Dfns, which has created 15 million wallets for 250 clients, combining IBM's infrastructure and security with Dfns' digital asset custody capabilities [2][4] Group 1 - The platform will feature transaction lifecycle management supporting blockchain transactions across over 40 connected public and private blockchains, governance and entitlement management for wallet access, and integrated third-party solutions to accelerate deployment [3] - IBM Digital Asset Haven will enable secured cold storage operations, which are increasingly required by regulatory bodies, and is expected to be released via software-as-a-service and hybrid SaaS in Q4 2024, with on-premises availability in Q2 2026 [4] - Tom McPherson from IBM stated that the platform delivers resilience and data governance, empowering governments and enterprises to develop next-generation financial services [4] Group 2 - Dfns CEO Clarisse Hagège emphasized that the collaboration with IBM has resulted in a platform that orchestrates the full digital asset ecosystem, facilitating the transition of digital assets from pilot programs to global production [5] - Dfns raised $16 million in a Series A funding round to enhance the adoption of its crypto wallet infrastructure for institutional clients, having shifted focus to institutional clients two years prior [5][6] - IBM's LinuxONE 4 Express, launched in February 2024, is designed to assist clients in addressing both new and traditional use cases, including digital assets [6]

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 ...