Strategy slams MSCI proposal to exclude digital asset treasuries from indexes: CNBC Crypto World

Market Trends & Regulatory Landscape - The Federal Reserve cut the Fed funds rate amid economic concerns [2] - CFTC launched a pilot program allowing certain crypto tokens (Bitcoin, Ether, USDC) as collateral in derivatives markets, with enhanced monitoring and reporting [3][4][5] - CFTC issued guidance stating its regulations are technology neutral, analyzing tokenized assets individually [5] - MSCI is considering excluding digital asset treasuries from its global investable market indexes, a proposal MicroStrategy disagrees with [5][6] Company Strategy & Business Development - Soulmate, an Abu Dhabi-based Solana treasury firm, acquired Rockaway X, a web3 VC fund, to expand beyond digital asset treasury management [7][8] - Soulmate aims to combine its treasury with Rockaway X's infrastructure, focusing on validation and transaction landing services, potentially offering high-frequency trading-like services [9] - Soulmate is shifting focus from multiple to net asset value (MNAV) to earnings and revenue per share [10][11] Abu Dhabi as a Crypto Hub - Abu Dhabi is seen as a growing crypto hub due to proximity to capital and its strategic location for transaction validation [7][12][13] - Soulmate aims to stake 20% of the Solana network in Abu Dhabi, envisioning rebuilding Wall Street there [15] - The UAE government has made a clear statement in support of crypto and blockchain technology [23][24] Future Outlook - Soulmate believes the price of underlying currency is less important than the growth of blockchain use [26] - The company anticipates the next innovative financial product will be built on a blockchain [28] - Soulmate has no plans to expand to the US, focusing on the UAE [23]