As the DeFi and crypto space continues to evolve rapidly, staying informed about the latest developments and trends is crucial. Our weekly recap provides a concise overview of the most significant news and trends in DeFi and crypto.
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.
Bitwise Files for Bitcoin Standard ETF for Big Bitcoin Holders
Bitwise Asset Management has filed to launch the Bitcoin Standard Corporations ETF, aiming at companies with significant Bitcoin holdings. This move aligns with the growing trend of businesses integrating Bitcoin into their corporate treasuries, with competitors like Strive Asset Management also eyeing opportunities in the crypto-investment sector.
The ever-evolving DeFi and crypto space continues to surprise with new initiatives and products, bringing innovation and new opportunities to investors and users alike.
