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Waller floats ‘skinny’ Fed account
Yahoo Finance· 2025-10-21 10:55
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Federal Reserve Gov. Christopher Waller has asked the central bank’s staff to review creating a payment account that could be tailored to private sector uses more limited than a master account. At the Fed’s Payments Innovation Conference in Washington Tuesday, Waller explained how such an account could be better suited to emerging financial technology companies, an ...
Donald Trump aide's crypto-friendly bank gets US approval to operate — Can Indians open accounts at Erebor Bank?
MINT· 2025-10-17 06:19
Core Insights - Erebor Bank has received conditional approval from US regulators to operate, marking a significant development for tech and crypto-friendly banking in the country [1][3] - The bank is founded by notable tech billionaires, including Palmer Luckey and Joe Lonsdale, who have connections to the Trump administration [2] - Erebor Bank aims to serve tech companies focused on cryptocurrencies and other innovative sectors, targeting the US "innovation economy" [4] Company Overview - Erebor Bank is based in Columbus, Ohio, and was established in 2023 by a group of tech entrepreneurs [2] - The bank's primary focus will be on businesses involved in cryptocurrencies, artificial intelligence, defense, and manufacturing [4] - Other investors in Erebor Bank include Peter Thiel's Founders Fund and Haun Ventures [3] Regulatory Context - The Office of the Comptroller of the Currency (OCC) has indicated a willingness to allow banks to engage in digital asset activities, provided they are conducted safely [3] - Erebor Bank is part of a growing trend of firms seeking banking licenses to operate in the digital asset space, alongside companies like Stripe and Coinbase [5]
On-Chain Cultural Assets: Decoding City Protocol’s IP Capital Market
Yahoo Finance· 2025-10-14 21:24
Singapore, Singapore, October 14th, 2025, Chainwire City Protocol is developing a decentralized protocol designed to establish capital market infrastructure for intellectual property (IP). By bringing IP on-chain, the project aims to make it a more accessible and liquid asset class, supported by tools for IP verification, financing, and scalable growth. In traditional capital markets, companies such as Apple and Tesla have demonstrated how access to early-stage capital and financial infrastructure can con ...
AlphaTON Capital CEO Brittany Kaiser and SkyBridge Capital Founder Anthony Scaramucci Join Schwab Network’s Trading 360 to Discuss Crypto Innovation and Cancer Research Funding
Globenewswire· 2025-10-14 11:00
Dover, DE, Oct. 14, 2025 (GLOBE NEWSWIRE) -- AlphaTON Capital Corp. (Nasdaq: ATON) today announced that its CEO, Brittany Kaiser, will appear alongside Anthony Scaramucci, Founder of SkyBridge Capital and SALT, on Schwab Network’s Trading 360 with Marley Kayden on Tuesday, October 14 at 11:30 a.m. ET. The segment will explore the evolving role of digital assets in modern finance and highlight AlphaTON’s groundbreaking approach to funding cancer research through blockchain-based asset tokenization. By levera ...
Sharps Technology Moves $435M Solana Treasury to Coinbase — Will It Top Rivals?
Yahoo Finance· 2025-10-09 21:30
Sharps Technology has moved its $435 million Solana (SOL) treasury to Coinbase as part of a new strategic collaboration with the U.S.-based crypto exchange. The move marks one of the largest corporate digital asset migrations to date and reinforces Sharps’ growing commitment to blockchain-based finance. Sharps Technology Selects Coinbase to Safeguard Its Treasury The company said it has so far accumulated more than 2 million SOL tokens, valued at over $400 million, with SOL trading above $210. The tran ...
Financial Institutions Are Set To Tokenize Some Deposits In 2026. It May Mark The Beginning Of A Stablecoin Boom.
Yahoo Finance· 2025-10-08 00:01
Core Insights - U.K. banks are advancing with tokenized deposits by 2026 despite warnings from the Bank of England Governor regarding stablecoins, indicating a rapid integration of decentralized finance into traditional banking [1][5] - The efforts to tokenize deposits by U.K. banks may influence other asset classes, including stocks and real estate, highlighting the broader implications of tokenization [2] - Tokenization is defined as creating a digital asset that represents a real asset, with stablecoins being a prominent example, typically pegged to fiat currencies like the U.S. dollar [3] Tokenization Advantages - Tokenized assets on the blockchain facilitate more transparent and efficient transactions, reducing costs and providing convenience for currency exchanges [4] - The growing trend of tokenization is evident as European banks are collaborating to launch a Euro stablecoin to compete with U.S. initiatives in the tokenized asset market [4] Regulatory Perspectives - The Bank of England Governor expressed concerns about stablecoins potentially withdrawing funds from banks, advocating for a focus on tokenized deposits instead [5] - Despite regulatory hesitations, the global trend towards embracing stablecoins and tokenized assets is gaining momentum, with Europe aiming to keep pace in the decentralized finance landscape [5] Market Dynamics - The initial success of Bitcoin as a speculative investment has paved the way for a potential boom in stablecoins, as countries and financial institutions strive to establish a competitive edge in the evolving financial landscape [7]
Is Standard Chartered Set to Pump Polygon? POL Price Prediction For Uptober
Yahoo Finance· 2025-10-02 16:37
Standard Chartered’s custody role on a new tokenized money-market fund puts Polygon in the spotlight as “Uptober” begins and POL price is ticking higher. AlloyX and Polygon Labs, with custody provided by Standard Chartered Bank, have launched RYT, a tokenized money-market fund on the Polygon network with ties to Hong Kong. The aim is to deliver regulated, on-chain yield while linking decentralized finance with traditional banking frameworks. AlloyX said RYT combines on-chain transparency with a regulate ...
Vietnam Bank Account Purge Boosts Bitcoin Appeal
Yahoo Finance· 2025-09-22 09:53
Core Insights - Vietnam's decision to delete over 86 million bank accounts highlights concerns over centralized control of personal finances and the vulnerability of traditional banking systems [1][2] - The enforcement of new biometric requirements by the State Bank of Vietnam aims to reduce fraud, cybercrime, and money laundering, but has led to significant account closures [2][3] Banking Industry Impact - The total number of bank accounts in Vietnam is estimated at 200 million, with approximately 113 million remaining active after the review [3] - Many residents are facing challenges to comply with the new biometric verification requirements, leading to a scramble to meet deadlines [3][4] Challenges for Foreign Residents - Foreign residents encounter difficulties due to mandatory in-person identity checks and limited remote options, which may exclude vulnerable groups from accessing financial services [4] Global Context - Vietnam's actions reflect a broader trend where governments and financial institutions globally freeze or seize funds without prior notice, raising concerns about individual access to finances [5][6] - Examples from other countries, such as China and Canada, illustrate the risks associated with centralized banking systems, where individuals can quickly lose access to their funds [6][7]
X @CoinDesk
CoinDesk· 2025-08-20 17:40
RT CoinDesk Indices (@CoinDeskMarkets)“As tokenized RWAs scale, looping is poised to become a foundational building block in on-chain portfolio construction, further narrowing the gap between traditional and decentralized finance,” says @MarcinRedStone of @redstone_defihttps://t.co/oU8nOeQSon ...
Tron Inc. Reports Record Second Quarter Financial Results
Globenewswire· 2025-08-11 12:30
Financial Performance - The company reported a net income of $1,467,855 for the three months ended June 30, 2025, compared to a loss of $520,971 in the prior-year period [3] - The company paid off the remaining $500,000 on its promissory note, leaving no debt other than operating accounts payable [3] - Tron Inc. ended the second quarter of 2025 with over $111 million in shareholders' equity, marking an extraordinary over 3,500% year-over-year increase from under $3.1 million in the same period of 2024 [3] Strategic Positioning - Management attributes the rapid growth to a disciplined cost structure, low cash burn rate, and strategic investments in high-growth digital assets [4] - The strong financial position is expected to fuel upcoming expansion initiatives, including enhancing the digital asset portfolio and advancing the blockchain-entertainment ecosystem [4] - The CEO stated that Tron Inc. is exceptionally well-positioned to seize opportunities in the fast-evolving digital economy, emphasizing the robust balance sheet and operational discipline [5] Company Overview - Tron Inc. is a publicly traded company pioneering blockchain-integrated treasury strategies and holds the largest TRON (TRX) tokens among public companies [5] - The company designs, develops, and manufactures custom merchandise for major theme parks and entertainment venues, with products based on award-winning multi-billion-dollar franchises [5]