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DBS, Franklin Templeton, Ripple Partner to Launch Tokenized Trading, Lending on XRP Ledger
Yahoo Finance· 2025-09-18 08:47
Core Insights - DBS Bank has signed a Memorandum of Understanding (MOU) with Franklin Templeton and Ripple to list a tokenized money market fund on DBS Digital Exchange, aimed at providing trading and lending solutions for accredited and institutional investors [1][2] - The partnership will utilize tokenized money market funds on the XRP Ledger blockchain and Ripple's RLUSD stablecoin, allowing clients to manage their digital asset portfolios more effectively in volatile market conditions [2][3] - The initiative is expected to enhance efficiency and liquidity in both Singapore and global markets, with DBS planning to enable sgBENJI tokens to be used as collateral for credit [3][4] Industry Context - The collaboration marks a significant step for traditional financial institutions moving on-chain, with Ripple's VP highlighting the potential of this partnership to facilitate repo trades for a tokenized money market fund [5] - Singapore's regulatory environment is noted for its strict yet clear crypto regulations, ensuring compliance with AML/KYC and investor protection rules, setting a benchmark for best practices in the region [6] - DBS has been actively involved in tokenized finance, already offering tokenized structured notes on the Ethereum blockchain and participating in industry trials under Project Guardian by the Monetary Authority of Singapore [7]
X @Wu Blockchain
Wu Blockchain· 2025-09-18 04:45
Ethereum aggregator CoW DAO is hiring a Solana backend engineer, with responsibilities including developing off-chain services (core auction protocol and order book). CoW Swap is one of the most widely used DEX aggregators on Ethereum and EVM networks and has not previously launched Solana trading services. https://t.co/1jAIU43Cil ...
DBS, Franklin Templeton, Ripple team up on tokenised money market fund trading
Reuters· 2025-09-18 01:03
Group 1 - DBS Group has formed a partnership with U.S. asset manager Franklin Templeton and blockchain firm Ripple [1] - The collaboration aims to provide accredited and institutional investors with trading and lending services [1] - Services will utilize tokenized money market instruments [1]
Forward Industries Seeks $4B ATM Offering to Increase Solana-Focused Treasury
Yahoo Finance· 2025-09-17 15:54
Core Viewpoint - Forward Industries has filed for a $4 billion at-the-market equity program to support its transition towards digital assets, particularly focusing on Solana [1][2]. Group 1: Equity Program Details - The $4 billion ATM program allows the company to sell shares flexibly through Cantor Fitzgerald & Co. for capital raising [1][2]. - Proceeds from the ATM program will be directed towards general corporate purposes and Solana acquisitions, rather than being held in escrow [2][4]. Group 2: Recent Financial Activities - The company recently completed a $1.65 billion private placement, funding the purchase of 6.8 million Solana (SOL) tokens valued at approximately $1.58 billion, marking the largest Solana-focused digital asset treasury raise to date [3]. - Following the completion of this deal, Forward Industries' stock rose by 15%, indicating strong investor interest in its pivot towards blockchain assets [3]. Group 3: Strategic Goals and Governance Changes - The new ATM program aims to expand Solana treasury holdings, strengthen the balance sheet, and support income-generating investments, providing a flexible mechanism for long-term growth [4][5]. - Recent governance changes include the appointment of Kyle Samani as Chairman and the addition of interim CEO Michael Pruitt to the Board, signaling closer alignment with Solana's institutional backers [6].
Taiko Names Chainlink Data Streams as Official Oracle for Its L2 Network
Yahoo Finance· 2025-09-17 15:27
Core Insights - Taiko, an Ethereum-based Layer 2 rollup, has integrated Chainlink Data Streams as its official oracle infrastructure, enhancing its capabilities for decentralized finance (DeFi) applications [1][2][3] Group 1: Partnership and Integration - The partnership with Chainlink aims to provide developers on the Taiko platform with reliable and high-speed market data, essential for building a variety of DeFi applications [2][4] - The integration allows for the creation of advanced on-chain products that require high-quality, tamper-proof data, leveraging Ethereum validators for strong decentralization [3][4] Group 2: Market Impact and Goals - The collaboration is expected to attract institutional crypto investment and support the development of real-world applications, aligning with Chainlink's mission to bring global data on-chain [5][6] - The integration reflects a broader industry trend of incorporating real-world economic information into blockchain applications, as seen in Chainlink's recent partnership with the Sei Network [5][6] Group 3: Importance of Oracles - Oracles serve as secure bridges that provide external, off-chain information to on-chain smart contracts, which is crucial for DeFi protocols that rely on accurate, real-time price feeds [4][6] - Chainlink's infrastructure has a proven track record in DeFi and is expanding into emerging sectors like decentralized AI infrastructure, indicating its growing importance in the blockchain ecosystem [7]
C2 Blockchain and Dog of Bitcoin Foundation Launch New Phase of Collaboration
Accessnewswire· 2025-09-17 12:45
Group 1 - C2 Blockchain Inc. has expanded its strategic partnership with the Dog of Bitcoin Foundation, focusing on community engagement and cultural initiatives [1] - The partnership includes a $10,000 community initiative, which involves the purchase of 50 DOG SZN II plush collectibles valued at over $10,000 USD [1]
Saudi Arabia's Largest Bank SAB Taps Chainlink To Power Onchain Finance in the Kingdom
Yahoo Finance· 2025-09-17 12:17
Core Insights - Chainlink (LINK) is expanding its presence in Saudi Arabia through a partnership with Saudia Awwal Bank (SAB), which has over $100 billion in assets, to adopt blockchain infrastructure for on-chain finance [1][7] Chainlink Infrastructure - SAB will utilize Chainlink's Cross-Chain Interoperability Protocol (CCIP) and Chainlink Runtime Environment (CRE) to support the region's digital transformation efforts [2] - CCIP facilitates secure cross-chain asset transfers, bridging decentralized applications (dApps) and traditional finance platforms, while CRE serves as a toolkit for developers [2] Recent Developments - This partnership follows SAB's recent agreement with Wamid to explore capital market tokenization [3] - Chainlink has launched tools for traditional finance products across multiple blockchains and a multi-chain compatible version of Tether Gold [4] - The company has also collaborated with the U.S. Department of Commerce to disseminate important economic data across various chains [4] Market Performance - Chainlink's recent adoption has positively impacted LINK's market performance, with the token trading up 117.5% over the past year at $23.16 and a market cap of $15.7 billion [6][7] - The total value secured by the network is approximately $62.93 billion [6] Additional Initiatives - In August 2025, Chainlink launched an on-chain LINK reserve, accumulating 280,049 LINK valued at around $6.5 million, with an average cost basis of $22.44 per token [8] - Despite a recent decline of 1.91% in the past 24 hours, LINK reached a high of $26.74 earlier in 2025 [8]
Pump.fun Livestream Just SHOCKED Crypto! Impact on PUMP
Coin Bureau· 2025-09-17 05:37
Overview - Pump.fun experienced a dramatic comeback, reclaiming 90% market dominance after losing 80% to a competitor [1] - The platform generated over $19 million for its creators in a single week, leading to a multi-billion dollar valuation of its native token [1] Business Model & Revenue - Project Ascend, launched on September 3rd, introduced a dynamic fee model where creator fees are tied to token market cap, resulting in $1.3 million in creator fees within 12 hours and over $19 million within a week [1] - Daily platform revenue reached a new all-time high of over $3 million [1] - From August 28th to September 3rd, the platform spent almost $12.2 million on token repurchases, representing 98.23% of its weekly revenue, reducing circulating supply by 5.36% [1] - To date, the buyback program has spent nearly $72 million buying back pump tokens [1] Risks & Challenges - Pump.fun faces a consolidated class action lawsuit seeking $5.5 billion in damages, alleging operation as an unlicensed casino and facilitating the sale of unregistered securities [3][4] - A former employee exploited administrative privileges to steal around $1.9 million worth of SOL [5] - The platform faces ongoing challenges in content moderation, balancing creativity with preventing harmful content [6][7] - The aggressive buyback program, consuming 98% of weekly revenue, is not a sustainable long-term strategy [7] Content & Community - Live streaming, relaunched in April 2025 with enhanced moderation, is a key feature, with examples like Bagwork earning over $168,000 in 4 days [1] - The platform supports content creators through initiatives like the based house and cause-driven streaming, such as Feed the People [1] Market Impact - Pump's price surged over 60% in a single week, pushing its market cap over $3.1 billion [1] - The platform has launched over 6 million tokens, but some estimates suggest over 95% show indicators of fraud [10][11]
🌐 Sony, Startale, Astar Network (Three Stars) & the Future of Web3 in Japan: A Combination That Could Shake the World
Medium· 2025-09-17 02:11
Core Insights - Sony has officially embraced Soneium, marking a significant step towards mass adoption of Web3 in Japan [1] - Startale is playing a crucial role in this movement, ensuring that the developments are not just superficial [2] - Soneium will operate as an Optimistic Rollup on Astar, providing high speed, scalability, and low transaction costs for games and entertainment applications [2][4] Market Potential - PlayStation has over 120 million active monthly users, and if 5% engage with Soneium, it could inject billions into Web3 annually [5] - Japan's payment market is valued at over $7 trillion annually, with a potential $70 billion yearly flow on blockchain if just 1% transitions to stablecoins [5] - Early user estimates for Soneium range from 1 to 2 million, with projected annual transactions of approximately 50 million and a total value locked (TVL) of $500 million [5] Strategic Collaborations - Key partnerships include Sony developing the Soneum blockchain, MUFG creating a legal Japanese stablecoin, and collaborations with MetaMask and ConsenSys for wallet access [5][6] - Astar Network is building the smart contract infrastructure and integrating with Polkadot, positioning itself as Japan's smart contract hub [6] Future Outlook - If the collaboration between Sony, Startale, Astar, and stablecoin projects succeeds, Japan could emerge as the main Web3 hub in Asia within five years [6] - Long-term projections suggest that user numbers could exceed 50 million, with annual transactions surpassing 1 billion and a TVL exceeding $10 billion [7]
Metasphere Labs Announces Change of Chief Executive Officer
Thenewswire· 2025-09-16 23:30
Core Viewpoint - Metasphere Labs Inc. has appointed Mr. Daniel Xocoyotzin Ontiveros Delgado as the new CEO, effective September 15, 2025, following the resignation of Mrs. Natasha Ingram [1][2]. Company Overview - Metasphere Labs Inc. specializes in integrating blockchain technology into real-world applications, focusing on environmental sustainability and social impact [3]. Leadership Transition - Mr. Ontiveros Delgado brings global experience, fluency in multiple languages, deep tech and AI expertise, and a successful track record in the fintech industry [2]. - The company expresses gratitude to Mrs. Ingram for her contributions and wishes her success in future endeavors [3].