Coindesk

U.S. President Donald Trump's media company, Trump Media (DJT), is looking to partner with crypto exchange Crypto.com to launch a series of exchange-traded products (ETPs) and funds (ETFs), the company said Monday.The ETPs will include crypto assets and securities from other sectors such as the energy industry, the announcement said. Crypto.com will provide the backend technology, custody solutions, and crypto supply.The investment vehicles are expected to launch in 2025, the press release said.Trump Media is the company behind Truth Social, the social media platform frequently used by Trump. This is only the latest of crypto initiatives backed by the President or his family. Trump and his entourage have issued multiple NFT collections and memecoins, not to mention their DeFi protocol,...

Massachusetts’ top securities regulator has reportedly launched a probe into Robinhood over the popular trading platform’s recent decision to launch an in-app prediction markets hub that allows customers to bet on the outcome of events, including March Madness match-ups.According to a Monday report from Reuters, Massachusetts Secretary of State Bill Galvin — a notoriously aggressive regulator — sent Robinhood a subpoena last week seeking information about the number of Robinhood’s users in Massachusetts that have requested to trade college sports events contracts, and seeking copies of Robinhood’s related marketing materials."This is just another gimmick from a company that's very good at gimmicks to lure investors away from sound investing," Galvin told Reuters. Galvin's office confirmed the investigation to CoinDesk, and...

A Singapore-regulated cryptocurrency exchange, DigiFT, has announced it will launch what it says is the first index fund in which the shares and underlying stocks are tokenized and traded on-chain.The platform, licensed by Singapore’s Monetary Authority, is partnering with investment firm Hash Global to debut two index funds: one tracking top artificial intelligence (AI) stocks and another tracking leading crypto assets, according to a statement.The move, it says, replaces the traditional infrastructure behind portfolio management—brokers, banks, custodians—with smart contracts and stablecoins. Investors will subscribe to and redeem from the funds using USDT or USDC and view fund holdings in real time on the blockchain.“By bringing real-world equities fully on-chain, we remove inefficiencies, enhance accessibility, and set a new standard for...

Las Vegas—Financial advisors in the U.S. are committed to crypto exchange-traded funds (ETFs) and are ready to increase their holdings this year.During a presentation at the Exchange conference in Las Vegas, TMX VettaFi head of research Todd Rosenbluth and senior investment strategist Cinthia Murphy presented results of a survey sent to thousands of financial advisors in the U.S., arguing that crypto is “part of everybody’s conversation today.”The results showed that 57% of advisors plan on increasing their allocations into crypto ETFs, while 42% will likely maintain their position. Only 1%, practically no one, wants to decrease their position.“I think last year the message was it’s a reputational risk. Today, there’s no advisor that can’t at least hold a basic conversation...

China Pacific Insurance (CPIC) Investment Management, a Hong Kong-based subsidiary of one of China's largest insurance groups, rolled out a tokenized U.S. dollar money market fund as the asset tokenization trend is expanding to Asia.The eStable Money Market Fund (MMF) was launched on the HashKey Chain, a permissioned blockchain for institutional users developed by digital asset group HashKey, and has secured $100 million in subscription on the first day, according to a Monday press release.The product is only accessible for professional and institutional investors and invests in U.S. dollar-denominated short-term fixed income assets and money market instruments. The PAC serves as the tokenization issuance platform for the fund, while Standard Chartered Bank provides registration and fund administration services.Asset managers around...