The rapid development of DeFi and the crypto sector requires being aware of the latest events. This summary highlights significant news and trends of the past week in this sphere.
Crypto.com Launches Cryptocurrency Custody in U.S.
Crypto.com introduced its institutional cryptocurrency custody service in the U.S., extending its presence in North America. The newly formed Crypto.com Custody Trust Company will cater to institutions and high-net-worth individuals in the U.S. and Canada. Transition to this service will commence soon, ensuring uninterrupted access for users during the process.
FLOKI DAO Proposes ETP Launch in Europe
FLOKI DAO has revealed plans to collaborate with a well-known asset manager to launch an Exchange-Traded Product (ETP) for the FLOKI token. If approved, this initiative will place FLOKI alongside Dogecoin, as one of the few meme tokens with institutional investment opportunities in Europe. This ETP will offer regulated access to FLOKI, linking traditional finance and crypto, attracting both institutional and retail investors.
Bitwise Plans Bitcoin Holdings ETF
Bitwise Asset Management filed to introduce the Bitcoin Standard Corporations ETF, targeting firms with significant Bitcoin assets. This move goes in line with the increasing tendency of businesses to incorporate Bitcoin into their corporate treasuries, competing for opportunities within the expanding crypto-investment sector.
These updates reflect ongoing innovation within the DeFi and crypto sectors, showcasing their efforts to integrate more with traditional finance and cater to a larger audience. Keeping up with these shifts is key to understanding the future landscape of the digital asset ecosystem.
