The crypto platform seeks to offer DeFi projects liquidity incentives and achieve regulatory compliance for crypto firms AEX reported its user base is growing in Thailand, Vietnam, Russia, the United States and Canada A recent survey by consumer insights provider Toluna found that the most receptive countries to cryptocurrency wereContinue Reading
Yuga Labs, the creator behind blue-chip NFT collection BAYC, notched a $4 billion post-money valuation on its latest raise Venture capital firm Andreesen Horowitz (a16z) led the round Yuga Labs recently acquired the intellectual property rights to NFT collections CryptoPunks and Meebits from Larva Labs Yuga Labs has secured aContinue Reading
Blockworks Exclusive: Nexo Ventures will deploy capital into corners of crypto including NFTs, GameFi and the metaverse Nexo’s investment team has already backed BCB Group, BlockFills, The TIE and 1inch Through a partnership with hedge fund Three Arrows Capital, Nexo announced an NFT-backed lending service in December Crypto platform Nexo has launchedContinue Reading
Blockworks Exclusive: DeFi protocol prePO said it wants to level the playing field among retail and institutional investors by “democratizing” pre-public investing The prePO platform will provide retail investors the same access as institutions and hedge funds get to speculate on pre-initial public offerings Funding will go toward further developmentContinue Reading
The crypto lender’s CEO reveals plans for a institution-sourced lending pool for crypto miners Maple Finance “is the rails on which the lending business of the future will be running,” the CEO said Traditional asset managers are showing increased interest in lending to crypto miners Crypto lender Maple Finance hasContinue Reading
Company formed division in response to increasing demand from crypto-native firms, asset allocators and multi-strategy hedge funds Cowen’s hundreds of institutional clients could present a ‘captive audience’ for its digital-assets services The firm’s investment management unit had around $16 billion under management at the end of 2021 Financial services firmContinue Reading
Clearpool, which had been in development since June of last year, aims to to provide a marketplace for institutional unsecured liquidity Prominent crypto institutions Wintermute, Amber Group and Folkvang have indicated an appetite to borrow up to $90 million on the platform Lenders only require access to a Web3 wallet, which provides both institutionsContinue Reading
ANZ said the coins were transferred between the family office and the fund manager before it was later redeemed back into fiat. Australia’s ANZ has minted $30 million worth of its bank-backed A$DC stablecoin in a national first The pilot transaction saw the coins settled by the bank into anContinue Reading
The purchased ape — named “Manager Noët All” — will lead the company’s virtual NFT band Kingship Universal Music Group has piled on to the laundry-list of brands and large companies capitalizing on blue-chip NFT collection Bored Ape Yacht Club. The company’s Web3 label 10:22PM has acquired Bored Ape #5537 for $360,817,Continue Reading