Author: NBTC
Private credit is the most active category for on-chain tokenized assets. Recent bankruptcies and value write-offs in private credit are causing concerns about the crypto space and the usage of tokenized loans. Private credit is one of the fastest-growing categories in traditional finance, which has crossed over into the crypto space. Private credit is estimated to grow to $2.6T by 2029, according to Morgan Stanley estimates. Others put the industry size at $3T already toward the end of 2025. Private credit invited extra scrutiny after US Senator Elizabeth Warren urged for more oversight of the sector. The call for investigation…
Crypto trading firm Portofino Technologies has suffered another wave of senior staff departures months after losing its chief financial officer and general counsel, according to a person familiar with the matter. Chief revenue officer Melchior de Villeneuve recently left the Swiss firm, said the person, who spoke on condition of anonymity because the matter is private. Chief of staff Olivia Thurman confirmed that she resigned from the company. Two senior developers, Olivier Ravanas and Mike Tryhorn, and two junior developers are also said to have left the crypto market maker. De Villeneuve, who joined in January, according to his LinkedIn…
Bitget, a Seychelles-based cryptocurrency exchange, has announced that it will expand its operations to include tokenized shares and commodities, such as gold. Bitget’s CMO, Ignacio Aguirre Franco, stated that the goal of this move was to attract customers who want to trade these assets without the constraints of traditional markets. Bitget to Debut Tokenized Stock Trading, Expanding From Its Cryptocurrency Roots Bitget, a Seychelles-based cryptocurrency exchange, is in the midst of a new expansion that will transform it into an all-in-one trading house, including tokenized stocks and gold as part of a reconfiguration. According to Ignacio Aguirre Franco, Bitget’s CMO,…
OKX Wallet, a self-custody, multi-chain cryptocurrency wallet, has partnered with City Protocol, a popular blockchain platform for RWA tokenization. The partnership focuses on providing seamless access to Real-World Assets (RWAs), Digital Autonomous Tokens (DATs), and Intellectual Property (IP) assets across chains. As OKX announced in a recent social media post, the collaboration permits consumers to carry out cross-chain management of diverse tokenized assets. Additionally, the development goes in line with the current mission of OKX Wallet to back cutting-edge Web3 apps and expand its ecosystem. We’re excited to welcome @cityprotocolHQ as our newest community partner!Use our Wallet to access, trade,…
The Sui blockchain just made a monumental move for decentralized finance. The network has announced that Wrapped Bitcoin (wBTC) is coming to its ecosystem via the cross-chain protocol LayerZero. This Sui wBTC onboarding is more than just a technical integration; it’s a strategic unlock for liquidity, innovation, and user opportunity. For anyone invested in the future of multi-chain finance, this is a development you cannot ignore. What Does Sui wBTC Onboarding Actually Mean? Let’s break it down simply. Bitcoin, the original cryptocurrency, operates on its own secure but limited blockchain. It wasn’t built for the complex smart contracts that power…
Ark Invest continues to add shares of crypto related equities and major tech stocks across its actively managed ETFs, highlighted by its Tuesday addition of more than 174,000 shares of Google parent company Alphabet (GOOG) valued at more than $56 million. Cathie Wood’s investment management firm also added another $3.75 million worth of shares in crypto exchange Coinbase, $7 million worth of stablecoin issuer Circle, and nearly $2 million worth of its own Bitcoin ETF, the ARK 21Shares Bitcoin ETF (ARKB). Its major Google acquisition comes just a week after the tech firm unveiled its most powerful AI model yet,…
After Trump’s pardon, Binance founder CZ calls the US an “emerging land for Binance” and vows to help make America the global hub for crypto innovation. Summary CZ says Trump’s pardon lets Binance engage more freely worldwide, including renewed focus on the US market. He calls America a vital tech and institutional market and wants major crypto firms and BNB exposure to return there. CZ praises US regulatory progress like the GENIUS and CLARITY Acts but stresses regulation, banks, and crypto must integrate. Changpeng Zhao, founder of cryptocurrency exchange Binance, announced plans to help establish the United States as a…
Table of Contents Trust Wallet’s Predictions on BNB ChainRealGo Launches on BNB ChainYZi Labs Pushing for Changes at CEA IndustriesBio Protocol’s BIO Goes Live on BNB ChainPredict.fun: A New Yield-Bearing Prediction Market on BNB ChainWhat Does the TurnLength Cut Under BEP-341 Mean for Validators?BUIDL Crosses 500 Million Dollars on BNB ChainConclusionResourcesFrequently Asked Questions BNB Chain has released several major updates across infrastructure, consumer products, governance, and decentralized science tools. These updates include prediction markets inside Trust Wallet, the launch of the RealGo AR game, YZi Labs’ activist campaign at CEA Industries, the BIO token rollout on BNB Chain, the growth…
On Dec. 2, Citadel Securities filed a 13-page letter with the SEC arguing that decentralized protocols facilitating tokenized US equity trading already meet statutory definitions of exchanges and broker-dealers, and regulators should treat them accordingly. Two days later, the SEC’s Investor Advisory Committee convened a panel on tokenized equities that made clear the question is no longer whether stocks can move on-chain, but whether they can do so without dismantling the permissionless architecture that built DeFi. The gap between those two positions now defines the most consequential regulatory fight in crypto since the Howey test debates. Citadel’s letter arrived at…
S&P Global Ratings has downgraded Tether’s flagship stablecoin USDT to the weakest possible score on its stablecoin stability scale, citing increased exposure to risky assets like bitcoin BTC$88,308.01 and ongoing gaps in reserve disclosure. According to the revised assessment published on Wednesday, the ratings agency lowered USDT’s score in its ability to maintain price peg to the U.S. dollar to 5 (weak) from the previous 4 (constrained), which had been assigned in December 2023. Tether pushed back against S&P’s assessment in a statement shared with CoinDesk. “Tether strongly disagrees with the characterization presented in the report, which applies a legacy…