“Tokenizing our money market fund shares to use as collateral is an important and natural first step in scaling our adoption of this technology,” Stephen Whyman, Fidelity International’s head of debt capital markets, said in an email interview. “The benefits to our clients and the wider financial system are clear; in particular, the improved efficiency in delivering margin requirements and reduction in transaction costs and operational risk.”
Lux Thiagarajah argues that decentralized technology is not displacing banks but “re-platforming” them. According to him, regulated entities will remain...
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Coinbase’s chief publicly accused big banks of...
The UK Gambling Commission is examining whether licensed gambling operators across the UK could accept cryptocurrency payments, launching what officials...
Crossover Markets has raised $31 million in a Series B round led by Tradeweb Markets, valuing the digital asset trading...
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The XRP downside pressure has intensified, and...
