This past week, several significant events and updates occurred in the world of DeFi and cryptocurrency. Let's take a closer look at the key highlights.
Crypto.com Launches Custody Service in the U.S.
Crypto.com has announced the launch of its institutional cryptocurrency custody service in the United States. The newly established Crypto.com Custody Trust Company will serve clients in both the U.S. and Canada. Digital asset migration to the platform will begin in the coming weeks, with continuous access for users during the transition.
Floki DAO's ETP Launch on SIX Swiss Exchange
Floki DAO unveiled plans to launch an Exchange-Traded Product (ETP) for the FLOKI token in partnership with a prominent asset manager. If approved, this move will position FLOKI among the few meme tokens with institutional investment options in Europe. The ETP will provide regulated access to FLOKI, bridging traditional finance and crypto, appealing to institutional and retail investors alike.
Bitwise to Launch ETF for Bitcoin-Holding Companies
Bitwise Asset Management has filed to launch the Bitcoin Standard Corporations ETF, targeting companies with substantial Bitcoin holdings. This aligns with a growing trend of incorporating Bitcoin into corporate treasuries as other firms explore opportunities in crypto investments.
The past week's developments indicate a growing interest in crypto investments and DeFi development. New initiatives and products strengthen the position of cryptocurrencies and blockchain technologies both in institutional and retail spaces.
