The DeFi and crypto space continues to evolve rapidly, and staying informed is crucial. Our weekly recap highlights the most significant news and trends, helping you stay updated with the latest happenings.
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 on SIX Swiss Exchange
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 to Launch 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.
These developments demonstrate the rapid growth and integration of crypto-technologies into traditional finance. They open up new opportunities for investors and users, bridging the gap between the crypto and traditional financial worlds.
