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SoFi unveils bank-issued tokenized deposit for yield-bearing crypto funds
SoFi unveils bank-issued tokenized deposit for yield-bearing crypto funds
SoFi Bank launched SoFi Earn, a tokenized deposit paying 4.40% APY with FDIC coverage, allowing users to convert funds to stablecoins 24/7. SoFi Technologies launched SoFi Earn (SOFIE) on Thursday, offering a variable 4.4% annual percentage yield on tokenized bank deposits. SOFIE has no minimum balance requirement, according to the company’s announcement.
📰 CoinTelegraph
#DeFi #Web3 #CryptoNews
📢 @Coindce
SoFi unveils bank-issued tokenized deposit for yield-bearing crypto funds
SoFi unveils bank-issued tokenized deposit for yield-bearing crypto funds
SoFi Bank launched SoFi Earn, a tokenized deposit paying 4.40% APY with FDIC coverage, allowing users to convert funds to stablecoins 24/7. SoFi Technologies launched SoFi Earn (SOFIE) on Thursday, offering a variable 4.4% annual percentage yield on tokenized bank deposits. SOFIE has no minimum balance requirement, according to the company’s announcement.
📰 CoinTelegraph
#DeFi #Web3 #CryptoNews
📢 @Coindce
📡
SoFi Offers 4.40% Yield on Digital Dollars With Full FDIC Protection
SoFi has launched SoFi Earn (SOFIE), a tokenized consumer bank deposit offering 4.40% annual percentage yield (APY) and federal deposit insurance. The new product allows customers to earn interest while preparing to purchase cryptocurrencies or transfer money through blockchain networks. It marks the company’s fifth crypto-related offering in less than a year.
📰 Bitcoin.com
#DeFi #Web3 #CryptoNews
📢 @Coindce
SoFi Offers 4.40% Yield on Digital Dollars With Full FDIC Protection
SoFi has launched SoFi Earn (SOFIE), a tokenized consumer bank deposit offering 4.40% annual percentage yield (APY) and federal deposit insurance. The new product allows customers to earn interest while preparing to purchase cryptocurrencies or transfer money through blockchain networks. It marks the company’s fifth crypto-related offering in less than a year.
📰 Bitcoin.com
#DeFi #Web3 #CryptoNews
📢 @Coindce
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DeFi Giant Uniswap Taps 7 Rival Liquidity Sources to Burn UNI Tokens
The decentralized exchange (DEX) platform Uniswap has turned DEX competitors into potential revenue sources for its UNI token-burning mechanism. Launched Thursday, Aggregator Hooks connect seven external liquidity sources covering more than 90% of decentralized exchange activity across Ethereum, Base, and Robinhood Chain. The upgrade allows Uniswap to collect protocol fees from trades routed through outside liquidity pools, contributing to UNI burns.
📰 Bitcoin.com
#DeFi #Web3 #CryptoNews
📢 @Coindce
DeFi Giant Uniswap Taps 7 Rival Liquidity Sources to Burn UNI Tokens
The decentralized exchange (DEX) platform Uniswap has turned DEX competitors into potential revenue sources for its UNI token-burning mechanism. Launched Thursday, Aggregator Hooks connect seven external liquidity sources covering more than 90% of decentralized exchange activity across Ethereum, Base, and Robinhood Chain. The upgrade allows Uniswap to collect protocol fees from trades routed through outside liquidity pools, contributing to UNI burns.
📰 Bitcoin.com
#DeFi #Web3 #CryptoNews
📢 @Coindce
🎨 Big news in the space.
Wells Fargo and five others object to OKX-ICE tokenized stock listings: Report
Wells Fargo and five others object to OKX-ICE tokenized stock listings: Report
As of Friday, 22 companies had filed objections as part of the joint venture’s proposed tokenized stock platform under the SEC’s innovation exemption. Six more companies have reportedly filed objections to having their stocks listed in tokenized form on the proposed platform as part of a joint venture between cryptocurrency exchange OKX and the New York Stock Exchange’s parent company, the Intercontinental Exchange (ICE). According to a Friday Reuters report, the proposed stock platform, called OKXICE, had 22 companies total objecting to having their US stock listings tokenized.
📰 CoinTelegraph
#NFT #Web3 #CryptoNews
📢 @Coindce
Wells Fargo and five others object to OKX-ICE tokenized stock listings: Report
Wells Fargo and five others object to OKX-ICE tokenized stock listings: Report
As of Friday, 22 companies had filed objections as part of the joint venture’s proposed tokenized stock platform under the SEC’s innovation exemption. Six more companies have reportedly filed objections to having their stocks listed in tokenized form on the proposed platform as part of a joint venture between cryptocurrency exchange OKX and the New York Stock Exchange’s parent company, the Intercontinental Exchange (ICE). According to a Friday Reuters report, the proposed stock platform, called OKXICE, had 22 companies total objecting to having their US stock listings tokenized.
📰 CoinTelegraph
#NFT #Web3 #CryptoNews
📢 @Coindce
🎨
Brazil Pushes Mandatory Tokenization to Overhaul Market Tracking
Otto Lobo, president of the CVM, Brazil’s SEC equivalent, stressed that mandatory tokenization combined with AI supervision was necessary to modernize traditional surveillance methods made obsolete by the fund structure’s size, with a net worth of $2.32 trillion. Brazil Pushes Mandatory Tokenization to Overhaul Market Tracking
Key Takeaways
- Brazil’s CVM is pushing mandatory asset tokenization and AI to overhaul its overwhelmed $2.32T fund market. - The regulator is testing DLTs and smart contracts to automate compliance, enable audit trails, and cut risks.
📰 Bitcoin.com
#NFT #Web3 #CryptoNews
📢 @Coindce
Brazil Pushes Mandatory Tokenization to Overhaul Market Tracking
Otto Lobo, president of the CVM, Brazil’s SEC equivalent, stressed that mandatory tokenization combined with AI supervision was necessary to modernize traditional surveillance methods made obsolete by the fund structure’s size, with a net worth of $2.32 trillion. Brazil Pushes Mandatory Tokenization to Overhaul Market Tracking
Key Takeaways
- Brazil’s CVM is pushing mandatory asset tokenization and AI to overhaul its overwhelmed $2.32T fund market. - The regulator is testing DLTs and smart contracts to automate compliance, enable audit trails, and cut risks.
📰 Bitcoin.com
#NFT #Web3 #CryptoNews
📢 @Coindce
🖼️
Wells Fargo, Cisco, Intuit Among 6 More Companies Objecting to Tokenized Stocks
In brief
- Six more companies, including Wells Fargo, Cisco, and Marvell, have objected to trading of their shares on OKXICE TSV, according to its Oct. - That brings the total to 22, up from nine on Oct. 15, though the notices don’t explain the companies’ reasons or what the objections do.
📰 Decrypt
#NFT #Web3 #CryptoNews
📢 @Coindce
Wells Fargo, Cisco, Intuit Among 6 More Companies Objecting to Tokenized Stocks
In brief
- Six more companies, including Wells Fargo, Cisco, and Marvell, have objected to trading of their shares on OKXICE TSV, according to its Oct. - That brings the total to 22, up from nine on Oct. 15, though the notices don’t explain the companies’ reasons or what the objections do.
📰 Decrypt
#NFT #Web3 #CryptoNews
📢 @Coindce
‼️
Canada’s Draft Stablecoin Rules Cap Redemption Fees at 1% and Ban Yield
In brief
- Canada's draft stablecoin regulations, published October 24, open a 60-day comment period, with the rules targeted to take effect in fall 2027. - Issuers would hold one-to-one reserves with Canadian custodians, redeem within three business days for no more than a 1% fee, and could not pay interest for holding a coin. - Penalties run up to C$10 million for very serious violations, with the Bank of Canada supervising issuers.
📰 Decrypt
#Cardano #ADA #DeFi #Web3 #CryptoNews
📢 @Coindce
Canada’s Draft Stablecoin Rules Cap Redemption Fees at 1% and Ban Yield
In brief
- Canada's draft stablecoin regulations, published October 24, open a 60-day comment period, with the rules targeted to take effect in fall 2027. - Issuers would hold one-to-one reserves with Canadian custodians, redeem within three business days for no more than a 1% fee, and could not pay interest for holding a coin. - Penalties run up to C$10 million for very serious violations, with the Bank of Canada supervising issuers.
📰 Decrypt
#Cardano #ADA #DeFi #Web3 #CryptoNews
📢 @Coindce
🖼️ Just dropped.
BlackRock joins SBI and Startale to link tokenized MMFs with Japanese yen stablecoins
BlackRock, SBI Holdings, and Startale will explore connecting tokenized money market funds with SBI's Japanese yen-pegged stablecoin JPYSC.
📰 The Block
#Chainlink #LINK #NFT #Web3 #CryptoNews
📢 @Coindce
BlackRock joins SBI and Startale to link tokenized MMFs with Japanese yen stablecoins
BlackRock, SBI Holdings, and Startale will explore connecting tokenized money market funds with SBI's Japanese yen-pegged stablecoin JPYSC.
📰 The Block
#Chainlink #LINK #NFT #Web3 #CryptoNews
📢 @Coindce
🚨
Morning Minute: Tokenized Stock Battle Looms Over Robinhood’s Earnings Call
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our daily news show 'FOMO HOUR' covering all of the top stories and market action.
📰 Decrypt
#NFT #Web3 #CryptoNews
📢 @Coindce
Morning Minute: Tokenized Stock Battle Looms Over Robinhood’s Earnings Call
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our daily news show 'FOMO HOUR' covering all of the top stories and market action.
📰 Decrypt
#NFT #Web3 #CryptoNews
📢 @Coindce
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UTXO’s Duke Waldrop: Bank of Japan “Liquidity Shock” Could Impact Bitcoin
Bitcoin fell to $79K this weekend, and this week both the Fed and the Bank of Japan decide on rates. Duke Waldrop, Head of Asia Markets at UTXO Management, joins Grace Remington and Sean Hagan to explain why a yen repricing hits Bitcoin first: macro funds with yen-denominated liabilities become forced sellers, and Bitcoin’s 24/7 liquidity is where they find the exit. He also breaks down why Metaplanet is trading below the value of its own Bitcoin, why possible removal from MSCI indexes on November 30 doesn’t change the thesis, and why the bet is on the Tokyo team’s execution.
📰 Bitcoin Magazine
#Bitcoin #BTC #DeFi #Web3 #CryptoNews
📢 @Coindce
UTXO’s Duke Waldrop: Bank of Japan “Liquidity Shock” Could Impact Bitcoin
Bitcoin fell to $79K this weekend, and this week both the Fed and the Bank of Japan decide on rates. Duke Waldrop, Head of Asia Markets at UTXO Management, joins Grace Remington and Sean Hagan to explain why a yen repricing hits Bitcoin first: macro funds with yen-denominated liabilities become forced sellers, and Bitcoin’s 24/7 liquidity is where they find the exit. He also breaks down why Metaplanet is trading below the value of its own Bitcoin, why possible removal from MSCI indexes on November 30 doesn’t change the thesis, and why the bet is on the Tokyo team’s execution.
📰 Bitcoin Magazine
#Bitcoin #BTC #DeFi #Web3 #CryptoNews
📢 @Coindce
🎨 Worth your attention.
Janus Henderson, Centrifuge launch tokenized Nasdaq-100 fund on Stellar
Janus Henderson, Centrifuge launch tokenized Nasdaq-100 fund on Stellar
The blockchain-based fund offers eligible non-US investors exposure to the Nasdaq-100 as Janus Henderson expands its institutional tokenization business. Asset manager Janus Henderson and tokenization platform Centrifuge have launched a blockchain-based fund tracking the Nasdaq-100 Index on Stellar, offering eligible investors outside the United States exposure to the benchmark. Called JQQQ, the fund uses Centrifuge’s tokenization infrastructure and seeks to track the Nasdaq-100 under a licensing agreement with the exchange, according to a Tuesday announcement.
📰 CoinTelegraph
#NFT #Web3 #CryptoNews
📢 @Coindce
Janus Henderson, Centrifuge launch tokenized Nasdaq-100 fund on Stellar
Janus Henderson, Centrifuge launch tokenized Nasdaq-100 fund on Stellar
The blockchain-based fund offers eligible non-US investors exposure to the Nasdaq-100 as Janus Henderson expands its institutional tokenization business. Asset manager Janus Henderson and tokenization platform Centrifuge have launched a blockchain-based fund tracking the Nasdaq-100 Index on Stellar, offering eligible investors outside the United States exposure to the benchmark. Called JQQQ, the fund uses Centrifuge’s tokenization infrastructure and seeks to track the Nasdaq-100 under a licensing agreement with the exchange, according to a Tuesday announcement.
📰 CoinTelegraph
#NFT #Web3 #CryptoNews
📢 @Coindce
‼️
Intel, IBM, Oracle and IonQ latest to object to OKX-ICE tokenized stocks
Intel, IBM, Oracle and IonQ latest to object to OKX-ICE tokenized stocks
More than 40% of the companies initially proposed to have their stocks listed in tokenized form have asked to opt-out. Four companies have joined the list of those filing objections to listings on a tokenized stock exchange proposed by cryptocurrency exchange OKX and the parent company of the New York Stock Exchange, Intercontinental Exchange (ICE). In a Monday update to its proposed OKXICE exchange, the crypto company reported that Intel, IBM, Oracle and IonQ were the most recent companies to object to having their US stocks listed in tokenized form.
📰 CoinTelegraph
#NFT #Web3 #CryptoNews
📢 @Coindce
Intel, IBM, Oracle and IonQ latest to object to OKX-ICE tokenized stocks
Intel, IBM, Oracle and IonQ latest to object to OKX-ICE tokenized stocks
More than 40% of the companies initially proposed to have their stocks listed in tokenized form have asked to opt-out. Four companies have joined the list of those filing objections to listings on a tokenized stock exchange proposed by cryptocurrency exchange OKX and the parent company of the New York Stock Exchange, Intercontinental Exchange (ICE). In a Monday update to its proposed OKXICE exchange, the crypto company reported that Intel, IBM, Oracle and IonQ were the most recent companies to object to having their US stocks listed in tokenized form.
📰 CoinTelegraph
#NFT #Web3 #CryptoNews
📢 @Coindce
📡
AI Stocks Boom as MEXC Tokenized Trading Volume Jumps 88%
MEXC experienced significant growth across its traditional finance offerings, with trading volume for AI-related assets rising 88% month-over-month. AI Stocks Boom as MEXC Tokenized Trading Volume Jumps 88%
Key Takeaways
- In September, MEXC saw AI asset spot volume surge 88% and tokenized U.S. - Hardware demand surged as semiconductor derivatives generated 77% of top 10 futures volume on MEXC.
📰 Bitcoin.com
#NFT #Web3 #CryptoNews
📢 @Coindce
AI Stocks Boom as MEXC Tokenized Trading Volume Jumps 88%
MEXC experienced significant growth across its traditional finance offerings, with trading volume for AI-related assets rising 88% month-over-month. AI Stocks Boom as MEXC Tokenized Trading Volume Jumps 88%
Key Takeaways
- In September, MEXC saw AI asset spot volume surge 88% and tokenized U.S. - Hardware demand surged as semiconductor derivatives generated 77% of top 10 futures volume on MEXC.
📰 Bitcoin.com
#NFT #Web3 #CryptoNews
📢 @Coindce
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DTCC unit launches tokenization services
DTCC unit launches tokenization services
The post-trade market infrastructure provider said the tokenization services will create a “practical path” for tokenized securities adoption. The Depository Trust Company (DTC), a subsidiary of The Depository Trust & Clearing Corporation (DTCC), has launched tokenization services enabling eligible users to mint tokenized representations of securities held at DTC. DTCC clients are eligible to use the DTCC Tokenization Service (DTS).
📰 CoinTelegraph
#NFT #Web3 #CryptoNews
📢 @Coindce
DTCC unit launches tokenization services
DTCC unit launches tokenization services
The post-trade market infrastructure provider said the tokenization services will create a “practical path” for tokenized securities adoption. The Depository Trust Company (DTC), a subsidiary of The Depository Trust & Clearing Corporation (DTCC), has launched tokenization services enabling eligible users to mint tokenized representations of securities held at DTC. DTCC clients are eligible to use the DTCC Tokenization Service (DTS).
📰 CoinTelegraph
#NFT #Web3 #CryptoNews
📢 @Coindce
‼️
Nearly 9 in 10 Major Firms Have Already Turned to Tokenized Money: DBS Survey
Corporate treasuries are moving onto blockchain rails faster than many expected, with 88% of major businesses already using or testing tokenized money. Stablecoins lead the charge, while traditional banking hours increasingly look like a constraint companies want to escape. Nearly 9 in 10 Major Firms Have Already Turned to Tokenized Money: DBS Survey
Key Takeaways
- DBS found 88% of major companies are using or testing tokenized money, with 67% already deploying it.
📰 Bitcoin.com
#NFT #Web3 #CryptoNews
📢 @Coindce
Nearly 9 in 10 Major Firms Have Already Turned to Tokenized Money: DBS Survey
Corporate treasuries are moving onto blockchain rails faster than many expected, with 88% of major businesses already using or testing tokenized money. Stablecoins lead the charge, while traditional banking hours increasingly look like a constraint companies want to escape. Nearly 9 in 10 Major Firms Have Already Turned to Tokenized Money: DBS Survey
Key Takeaways
- DBS found 88% of major companies are using or testing tokenized money, with 67% already deploying it.
📰 Bitcoin.com
#NFT #Web3 #CryptoNews
📢 @Coindce
🔴
Bank of England opens consultation on tokenized collateral for clearing
Bank of England opens consultation on tokenized collateral for clearing
Central counterparties would need to show tokenized collateral meets liquidity and risk tests under proposed Bank of England guidance. The Bank of England has opened a consultation on how a central counterparty (CCP) can accept digital versions of eligible collateral, saying existing rules allow it when assets meet clearing standards. The draft supervisory statement would clarify what CCPs must address in applications under the current approval process.
📰 CoinTelegraph
#NFT #Web3 #CryptoNews
📢 @Coindce
Bank of England opens consultation on tokenized collateral for clearing
Bank of England opens consultation on tokenized collateral for clearing
Central counterparties would need to show tokenized collateral meets liquidity and risk tests under proposed Bank of England guidance. The Bank of England has opened a consultation on how a central counterparty (CCP) can accept digital versions of eligible collateral, saying existing rules allow it when assets meet clearing standards. The draft supervisory statement would clarify what CCPs must address in applications under the current approval process.
📰 CoinTelegraph
#NFT #Web3 #CryptoNews
📢 @Coindce
🔴
A16z, Uniswap Warn Illinois Crypto Tax Rules Could Effectively Ban DeFi
Venture capital giant Andreessen Horowitz (a16z), Uniswap Labs, and the DeFi Education Fund are urging Illinois regulators to overhaul proposed cryptocurrency tax regulations, warning that the rules could effectively prohibit decentralized finance (DeFi) activity in the state while exposing users to serious security risks. A16z, Uniswap Warn Illinois Crypto Tax Rules Could Effectively Ban DeFi
Key Takeaways
- A16z, Uniswap Labs, and the DeFi Education Fund warn that Illinois’ proposed crypto tax rules could effectively ban DeFi by requiring decentralized exchanges to act as tax-collecting brokers, despite their inability to comply. - The groups oppose requirements to store customers’ private keys and potentially tax transfers between personal wallets or blockchains.
📰 Bitcoin.com
#DeFi #Web3 #CryptoNews
📢 @Coindce
A16z, Uniswap Warn Illinois Crypto Tax Rules Could Effectively Ban DeFi
Venture capital giant Andreessen Horowitz (a16z), Uniswap Labs, and the DeFi Education Fund are urging Illinois regulators to overhaul proposed cryptocurrency tax regulations, warning that the rules could effectively prohibit decentralized finance (DeFi) activity in the state while exposing users to serious security risks. A16z, Uniswap Warn Illinois Crypto Tax Rules Could Effectively Ban DeFi
Key Takeaways
- A16z, Uniswap Labs, and the DeFi Education Fund warn that Illinois’ proposed crypto tax rules could effectively ban DeFi by requiring decentralized exchanges to act as tax-collecting brokers, despite their inability to comply. - The groups oppose requirements to store customers’ private keys and potentially tax transfers between personal wallets or blockchains.
📰 Bitcoin.com
#DeFi #Web3 #CryptoNews
📢 @Coindce
📡
Uber Tests Tokenized Money Funds to Unlock 24/7 Trading Yield
The ride-sharing giant used a tokenized money market fund to earn 1.5 days more yield on its investment by selling the assets on Sunday rather than Friday, as institutions traditionally do. Franklin Templeton, HSBC Holdings, and Fireblocks collaborated in this test. Uber Tests Tokenized Money Funds to Unlock 24/7 Trading Yield
Uber Tests Weekend Trading In Tokenized Market Fund Investments
Companies are turning to blockchain and tokenized assets to boost profits by taking advantage of 24/7 trading.
📰 Bitcoin.com
#DeFi #Web3 #CryptoNews
📢 @Coindce
Uber Tests Tokenized Money Funds to Unlock 24/7 Trading Yield
The ride-sharing giant used a tokenized money market fund to earn 1.5 days more yield on its investment by selling the assets on Sunday rather than Friday, as institutions traditionally do. Franklin Templeton, HSBC Holdings, and Fireblocks collaborated in this test. Uber Tests Tokenized Money Funds to Unlock 24/7 Trading Yield
Uber Tests Weekend Trading In Tokenized Market Fund Investments
Companies are turning to blockchain and tokenized assets to boost profits by taking advantage of 24/7 trading.
📰 Bitcoin.com
#DeFi #Web3 #CryptoNews
📢 @Coindce