Last week was full of events in the DeFi and cryptocurrency space. We present an overview of key news and trends worth noting.
Crypto.com expands services in the US
Crypto.com has launched 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 plans for launching ETP in Europe
FLOKI DAO has unveiled 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, appealing to both institutional and retail investors.
New ETF Launch by Bitwise
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 large opportunities in the growing crypto-investment sector.
Our weekly recap demonstrates that the DeFi and cryptocurrency industry continues to evolve rapidly, attracting investors' attention with competitive products and new initiatives that bring innovation to the market.
