Crypto News

Fidelity said it sees tokenization as a way to drive "transactional efficiencies with access, and allocation, of capital across markets."Source link

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...

Sam Altman’s World Network is allegedly in discussions with Visa to integrate stablecoin payment capabilities into its self-custody crypto wallet, according to an unnamed source speaking with Coindesk’s Ian Allison. This collaboration aims to incorporate Visa card functionality into World Network wallets, enabling users to conduct stablecoin transactions with merchants across Visa’s global network. “TheSource link

The project’s team had been waiting since prior to Donald Trump’s reelection for the right moment to issue the token.Source link

The marquee cryptocurrency inched towards $90,000, hovering just below the key target at a little over $88,000 all morning. Bullish Wave Pushes Bitcoin Closer to $90K Threshold Bitcoin ( BTC) marched past $88,000, pushing its price toward the $90,000 mark after bullish momentum began building over the weekend. At the time of reporting, BTC isSource link