💥BREAKING:NEW YORK JUST LAUNCHED ITS 1ST EVER DIGITAL ASSETS OFFICE! https://t.co/crYPi8kHNd ...

Core Insights - Ripple has formed a strategic partnership with Absa Bank to provide digital asset custody services for institutional clients, marking its first major custody partnership in Africa [1][3][9] Group 1: Partnership Details - The agreement allows Absa to integrate Ripple's institutional-grade digital asset custody technology, enabling secure and scalable storage solutions for tokenized assets, including cryptocurrencies [4][9] - This partnership is in response to the rising demand for compliant digital asset infrastructure in emerging markets and the growing regulatory clarity around alternative investments in Africa [4][6] Group 2: Market Context - Africa is undergoing a significant transformation in value storage and exchange, highlighting the potential of digital assets on the continent [5] - Ripple's global custody network now includes regions such as Europe, the Middle East, Asia-Pacific, Latin America, and Africa, supporting financial institutions in adopting tokenization and blockchain-based finance [5][6] Group 3: Regulatory and Compliance Standards - Ripple's custody infrastructure adheres to strict operational, security, and regulatory standards, enabling institutions like Absa to safely enter the digital asset space while ensuring compliance [6][7] - Ripple holds over 60 regulatory licenses and registrations worldwide, positioning itself as a key provider of compliant digital asset infrastructure for banks and payment firms globally [7]

Today, we’re excited to announce that @AbsaSouthAfrica, one of Africa’s leading financial institutions, is now @Ripple’s first major custody partner in Africa: https://t.co/sfW8CJIAYlWe’re bringing institutional digital asset custody to South Africa, providing the secure and compliant infrastructure needed to meet rising institutional demand. 🇿🇦 ...

🇺🇸 LATEST: NYC Mayor Eric Adams establishes the Office of Digital Assets and Blockchain Technology via an executive order, advancing the city's crypto agenda. https://t.co/URZe5V1f0o ...

🚨JUST IN: NEW YORK CITY MAYOR, ERIC ADAMS, SIGNS AN ORDER CREATING THE FIRST-EVER OFFICE OF DIGITAL ASSETS AND BLOCKCHAIN ...

New York City Mayor Eric Adams signed an executive order creating the nation’s first city-level Office of Digital Assets and Blockchain to promote crypto and blockchain development within a regulatory framework. Moises Rendon, with over a year of municipal digital asset experience, will lead the office, coordinating government–industry collaboration, attracting talent, improving public services, and advancing related policies with federal and state authorities. https://t.co/znumoY68pv ...

Core Insights - BlackRock's assets under management reached $13.46 trillion in Q3 2025, up from $11.48 trillion a year earlier, indicating a rapid integration of traditional finance with digital assets [1][2][4] - CEO Larry Fink emphasized the potential of tokenizing traditional investment products, which could attract new investors to the crypto market, marking a significant opportunity for BlackRock [2][3] - The firm's iShares Bitcoin Trust (IBIT) has become the top-earning ETF, generating $244.5 million annually, with assets nearing $100 billion in under 450 days, showcasing the growing institutional interest in Bitcoin ETFs [6] Financial Performance - BlackRock reported long-term net inflows of $171 billion, with revenue rising to $6.5 billion, reflecting an 8% increase in organic base fees [4] - Total expenses increased to $4.6 billion, while private-market inflows reached $13.2 billion and retail inflows rose to $9.7 billion [4] - Technology revenue surged by 28% to $515 million, driven by the Aladdin system, which is increasingly utilized for managing tokenized portfolios [5] Market Trends - Digital-asset exposure in BlackRock's funds has tripled since 2024, indicating a significant rise in demand for Bitcoin ETFs and tokenization initiatives [3] - Fink compared the role of crypto to that of gold, highlighting its function as an alternative store of value amid growing institutional demand [3] - Bitcoin ETFs are projected to attract $30 billion this quarter, reflecting Wall Street's increasing control over crypto liquidity [6]

The @federalreserve's Payments Innovation Conference is hosting @SergeyNazarov and key financial leaders from @BNYglobal, @FireblocksHQ, and @Lead_Bank to discuss how traditional finance and digital assets are converging.Full agenda: https://t.co/MbCuU4H6Q7 ...

'Bitcoin Mayor' Eric Adams Establishes NYC Digital Assets and Blockchain Office► https://t.co/8baikoqRaq https://t.co/8baikoqRaq ...

Core Insights - The financial industry is entering the era of asset tokenization, as stated by BlackRock CEO Larry Fink during an interview [1] - BlackRock's iBIT Bitcoin ETF has surpassed $100 billion in assets, with total digital holdings reaching $107.4 billion [1] Group 1: Tokenization Strategy - BlackRock aims to access $4.1 trillion held in digital wallets globally by digitizing traditional financial products, referring to this as "repotting" assets into digital formats [2] - The firm has already initiated this strategy with a tokenized money market fund and an expanding digital asset platform [2] Group 2: ETF Flows and Market Dynamics - Recent institutional fund movements show volatility, with Ethereum ETFs experiencing $428.5 million in net outflows on October 13, including $19.1 million from BlackRock's ETHA fund [3] - On October 10, Ethereum ETFs had $174.9 million in aggregate outflows, with BlackRock's ETHA leading with an $80 million withdrawal, coinciding with increased on-chain Ethereum staking deposits [4] Group 3: Digital Asset Management - BlackRock manages $17.25 billion across its digital asset ETFs, primarily utilizing Coinbase Prime for custody operations, with significant withdrawals and deposits logged since March 2024 [5] - The firm's push for tokenization aligns with broader institutional adoption, including trading platforms enabling 24/7 access to tokenized securities [5] Group 4: Bitcoin Market Status - Bitcoin is trading at $113,242, maintaining support above $110,217 despite short-term bearish pressure, with immediate resistance at $114,716 [6] - The cryptocurrency's price is 74% above the 200-week moving average, indicating underlying strength in the long-term trend [6]