As DeFi and cryptocurrencies rapidly evolve, staying updated with the key events and trends of this week is essential to remain informed about the most significant developments.
Crypto.com Launches U.S. Institutional Cryptocurrency Custody Service
Crypto.com has expanded its presence in North America by launching an institutional cryptocurrency custody service in the U.S. The newly established Crypto.com Custody Trust Company will serve institutions and high-net-worth clients in the U.S. and Canada. The migration of digital assets to the service will begin in the coming weeks, ensuring 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 initiative would place Floki among a select few meme tokens with institutional investment options in Europe. The ETP will provide regulated access to FLOKI, bridging traditional finance and crypto, appealing to both institutional and retail investors.
Bitwise Files to Launch Bitcoin Standard ETF Targeting 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 integrating Bitcoin into corporate treasuries, as competitors like Strive Asset Management also look into opportunities in the growing crypto-investment sector.
This week has brought a range of news and developments in the world of DeFi and cryptocurrencies, all indicating ongoing integration of the crypto space with traditional finance and technological innovation.
