The DeFi and crypto world is bustling with significant developments each week. Our digest provides you with up-to-date information on the most important news and trends.
Crypto.com Launches Cryptocurrency Custody Service in the USA
Crypto.com has introduced its institutional cryptocurrency custody service in the United States, expanding its reach in North America. The newly established Crypto.com Custody Trust Company will provide services to institutional clients and high-net-worth individuals in the US and Canada. Digital asset migration to the new service will begin in the coming weeks, ensuring continuous access for clients.
FLOKI DAO's ETP Plans on SIX Swiss Exchange
FLOKI DAO has announced plans to partner with a prominent asset manager to launch a new Exchange-Traded Product (ETP) tied to the FLOKI token on the SIX Swiss Exchange. If approved, this initiative will see Floki as one of the few meme tokens with institutional investment options in Europe. The ETP will provide regulated access to FLOKI, bridging traditional and crypto finance, and attracting both institutional and retail investors.
Bitwise Files for Bitcoin Standard ETF
Bitwise Asset Management has filed an application to launch the Bitcoin Standard Corporations ETF, focusing on companies with significant Bitcoin holdings. This move reflects the growing trend of companies integrating Bitcoin into their corporate treasuries as competitors like Strive Asset Management also explore opportunities in the evolving crypto-investment sector.
The past week has highlighted crucial steps in the DeFi and crypto investment sectors, demonstrating increasing attention from institutional and individual investors across various industry directions.
