As DeFi and cryptocurrency continue to evolve rapidly, it's essential to stay informed about the latest news and trends. Our weekly recap offers a concise and comprehensive overview of the most significant events and trends in DeFi and cryptocurrency.
Crypto.com Launches U.S. Institutional Cryptocurrency Custody Service
Crypto.com has launched its institutional cryptocurrency custody service in the U.S., expanding its footprint 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 Proposes Launch of Europe-Based ETP
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, bridging traditional finance (TradFi) and crypto, and appealing to both institutional and retail investors.
Bitwise Files for Bitcoin Standard ETF
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.
The main events of the week in DeFi and cryptocurrency have demonstrated significant strides towards enhanced integration of traditional finance with digital assets and expanded opportunities for institutional and retail investors.
