Coindesk

Blockchain-based asset management firm Superstate said on Thursday it has registered its digital transfer agent, Superstate Services LLC, with the U.S. Securities and Exchange Commission (SEC), a move aimed at bridging tokenized assets with existing financial regulations.Transfer agents help issuers manage shareholder records, process transactions, and distribute dividends. As securities increasingly move on-chain, digital transfer agents play a critical role in maintaining compliance and governance. Superstate Services will use blockchain-integrated record-keeping to track ownership in real time. A smart contract-driven allowlist will ensure that only approved investors can acquire tokenized shares. "Through this innovative approach, Superstate advances tokenized security compliance while integrating into the existing regulatory regime," the company said in a statement.Superstate's registration comes after SEC Commissioner Hester Peirce, who...

In today’s issue, Christopher Jensen from Franklin Templeton cuts through some of the noise and misconceptions about crypto investing in today’s myth-busting article.Then, Pablo Larguia from SenseiNode answers questions about staking rewards in Ask an Expert.–Sarah MortonYou’re reading Crypto for Advisors, CoinDesk’s weekly newsletter that unpacks digital assets for financial advisors. Subscribe here to get it every Thursday.Myth Busting: 3 Things Investors Are Still Getting Wrong About CryptoCryptocurrencies have been around for over a decade but remain largely misunderstood by the investment community. In this article, we dispel a few of the biggest myths about crypto to help you assess the opportunities and risks.Myth #1: “Investing in crypto is complicated and confusing.”The prospect of dealing with digital wallets, private keys...

The native token of Sui (SUI) surged on Thursday on news that Trump-affiliated decentralized finance protocol World Liberty Financial (WLFI) stroke a "strategic reserve deal" with the layer-1 blockchain project.The agreement includes WLFI adding Sui assets to its crypto holdings, the announcement said. The two projects will also explore "product development opportunities." SUI jumped as much as 10% to near $3 before paring gains. Still it was up about 13% in the past 24 hours, being the best-performing asset in the broad-market CoinDesk 20 Index."We chose Sui for its American-born innovation combined with impressive scale and adoption," said Zak Folkman, co-founder of World Liberty Financial. “Given our plans to support foundational DeFi assets in the coming months, collaborating with Sui...

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 2966.55, up 1.0% (+29.05) since 4 p.m. ET on Wednesday.Ten of 20 assets are trading higher.Leaders: NEAR (+4.4%) and XRP (+4.0%).Laggards: ADA (-5.6%) and APT (-5.1%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

Lombard Finance’s liquid-staking bitcoin token, LBTC, will launch on the Sui blockchain on Thursday, marking its first expansion to a non-Ethereum Virtual Machine (EVM) compatible chain. The expansion extends LBTC beyond the blockchains it currently uses, which include Ethereum, Base, and BNB chains. The token is meant to install bitcoin as collateral on decentralized finance (DeFi) applications, which on Sui currently have around $1.3 billion in total value locked (TVL). Bringing LBTC to Sui means that users on the network will have access to bitcoin staking rewards while being able to leverage the tokens across its decentralized finance protocols, according to a press release shared exclusively with CoinDesk. The token is set to be supported by Sui Wallet and Phantom Wallet while being...