Boerse Stuttgart Unveils Pan-European Settlement Platform for Tokenized Assets
The blockchain-based Seturion platform is designed to unify post-trade systems for tokenized assets and reduce settlement costs by up to 90%.
Settlement
FTX’s $228M Settlement With Bybit Brings Conclusion of Epic Liquidation Closer
The costly meltdown of global exchange FTX is still settling big chunks of its bankruptcy drama, now securing about $228 million from Bybit to further feed the cash dispersal that was approved in court earlier this month.
Crypto Is Now a Non-negotiable for Traditional Banks
Simple “engagement” isn’t enough. Banks need to start experimenting with tokenization and blockchain-powered settlement, or risk getting left behind, says Sygnum Bank’s Lucas Schweiger.
Binance to Pay $1.7M to Brazilian Securities Commission to End Probe Into Unauthorized Derivatives Offering
The Latin American country’s agency had rejected Binance’s previous proposal, made in August 2023, to end an investigation into its derivatives products.
XRP Surges 7% Amid Ripple-SEC Settlement Hopes, $600M Token Unlock
XRP trading activity is heightening in South Korea, where traders tend to push euphoric rallies on tokens.
Native Token Transfers Are the Next Evolution of Interoperability
Wrapped assets introduced a wave of DeFi innovation that cross-chain protocols are looking to take forward.
DCG Calls Out Subsidiary Genesis’ Settlement With New York as ‘Subversive’
Digital Currency Group (DCG) is objecting to the settlement between the New York attorney general and Genesis – the failed crypto lender that was among DCG’s array of digital assets businesses.
Robinhood Faces $10.2M Penalty From Multiple U.S. States Over Technical Failures, Investor Harm
The settlement follows an investigation into Robinhood platform outages in March 2020 spearheaded by a regulators in seven states including California and Alabama.