Coindesk

Securitize, one of the largest tokenized asset issuers, said on Tuesday it has acquired MG Stover’s fund administration business, making its subsidiary Securitize Fund Services the largest digital asset fund administrator.MG Stover's team will now operate under Securitize Fund Services (SFS), enhancing the company’s institutional-grade offerings, the company said.With the acquisition, SFS now oversees $38 billion of assets under administration across 715 funds, including Securitize's tokenized fund offerings such as BlackRock's $2.45 billion tokenized U.S. Treasury fund (BUIDL). Securitize now offers an integrated suite of services: fund administration, token issuance, brokerage, transfer agency, and an alternative trading system (ATS).The deal signals growing consolidation in the digital asset infrastructure space, where companies are racing to build compliant platforms that mirror traditional...

Aiming to perhaps replicated Strategy's bitcoin (BTC) playbook, except with solana (SOL), fintech commercial real estate platform Janover (JNVR) has built a SOL stack worth roughly $21 million and seen its share price rise nearly 20-fold in less than a month.The company today purchased another 80,567 SOL tokens valued at approximately $10.5 million, bringing its total holdings to 163,651.Janover is positioning itself as the first publicly-traded U.S. company with a treasury strategy centered around Solana's SOL. The pivot came after a team of former executives of crypto exchange Kraken, led by Joseph Onorati and Parker White, bought majority ownership of the firm earlier this month.The board appointed Onorati, former chief strategy officer of Kraken, to chairman and CEO of Janover....

Matt Cole, CEO of Strive Asset Management, fresh from persuading video retailer GameStop to convert some of its cash reserve into bitcoin (BTC), wrote to urge financial software developer Intuit (INTU) to reverse what he described as "censorship policies" and an “anti-bitcoin bias” that could jeopardize long-term shareholder value. In an open letter dated April 14 addressed to Intuit CEO Sasan Goodarzi and board Chair Susan Nora Johnson, Cole pointed to a recent incident in which Intuit’s Mailchimp email marketing platform disabled the account of the Trojan Bitcoin Club, a student organization at the University of Southern California, for mentioning the cryptocurrency in emails to its members. “We are concerned that Intuit’s censorship policies and anti-bitcoin bias threaten to...

The competition for stablecoin dominance is entering a third phase and companies such as Tether, issuer of the largest token, and Circle, the No. 2, are setting up their positions as the industry faces increased regulation in the form of the European Union’s Markets in Crypto Assets (MiCA) regime and U.S. legislation that is working its way through Congress, according to digital asset cryptography and custody specialists Fireblocks.This latest stage will feature banks, large and small, as well as incumbent payment firms that are weighing up the best way to integrate the tokens into their existing businesses, according to Ran Goldi, SVP of payments at Fireblocks.Stablecoins, blockchain-based tokens that mimic U.S. dollars for the most part, have become big business....

Cryptocurrency exchange Binance has been criticized this week for including privacy token Zcash (ZEC) among those cryptos up for a vote to be delisted from the exchange.Zcash, which has a $500 million market cap, appeared on the ballot alongside FTX's FTT token and data security platform JASMY.Zcash founder Zooko Wilcox tagged Binance CEO Richard Teng in a tweet on Tuesday: "You’re considering delisting Zcash!? What kind of world are you creating? Do you want your children to grow up in peace and prosperity, or a Black Mirror episode?"Digital Currency Group founder Barry Silbert also shared several posts lamenting Binance's decision to include Zcash on the list.The sentiment was also echoed by Ledger CTO Charles Guillemet and Cosmos co-foudner Ethan Buchman,...