This week in the DeFi world has been marked by notable events ranging from product launches to strategic partnerships. In this recap, we explore the key highlights from the week's top news.
Crypto.com Launches U.S. Institutional 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 to Launch ETP in Europe
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 Launches ETF for Companies with Large Bitcoin Holdings
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 news from the DeFi world this week showcases the incredible diversity and potential of the sector. From financial services products to tokenization innovations and strategic partnerships, recent developments confirm that DeFi continues to evolve rapidly.
