The DeFi and cryptocurrency sectors continue to develop rapidly. Staying informed about the latest developments and trends in this area helps keep you updated on what is happening.
Crypto.com's Institutional Cryptocurrency Custody Service
Crypto.com has announced the launch of its institutional cryptocurrency custody service in the U.S., expanding its presence in North America. The newly established Crypto.com Custody Trust Company will serve institutions and high-net-worth clients in the U.S. and Canada. Digital asset migration to the service will begin in the coming weeks, with uninterrupted access for users during the transition.
FLOKI DAO's ETP Launch Plan on Swiss Exchange
FLOKI DAO has announced plans to collaborate with a prominent asset manager to launch an Exchange-Traded Product (ETP) for the FLOKI token. If approved, this move would position Floki alongside Dogecoin as one of the few meme tokens with institutional investment options in Europe. The ETP will enable regulated access to FLOKI, bridging traditional finance and crypto, appealing to both institutional and retail investors.
Bitwise's Bitcoin ETF Launch Application
Bitwise Asset Management has filed to launch the Bitcoin Standard Corporations ETF, targeting companies with significant Bitcoin holdings. This move aligns with the growing trend of businesses integrating Bitcoin into their corporate treasuries, as competitors like Strive Asset Management also eye opportunities in the growing crypto-investment sector.
This week in DeFi and the cryptocurrency industry saw many significant developments. The launches of new services and products from Crypto.com, FLOKI DAO, and Bitwise highlight the rapid development in this field and the importance of staying up-to-date with all the news.
