Capital market
SKN | Kraken Brings DeFi Yield to Tokenized Stocks and ETFs
Key Points Kraken launched xStocks vaults that allow eligible clients to earn yield by lending tokenized versions of Nvidia, the S&P 500 ETF...
SKN | Nasdaq Invests $100M in Kraken Parent at $21B Valuation as Tokenized Stocks Expand
Key Points: Nasdaq’s venture arm invested $100 million in Payward, the parent company of Kraken, reportedly valuing the business at $21 billion. Kraken...
SKN | Virtu and Tradeweb Complete Onchain Repo Using Marshall Islands Digital Bond
Key Points Virtu Financial, M1X Global and Tradeweb completed a sovereign digital bond repo entirely onchain through the Canton Network. The USDM1 bond,...
SKN | South Africa Proposes New Crypto Tax Guidance Under Existing Tax Laws
Key Points South Africa has released draft guidance explaining how existing tax laws apply to cryptocurrency transactions. Most crypto activities, including trading, swapping...
SKN | Is Securitize About to Bring Tokenization to Wall Street? SEC Approval Moves Firm Closer to NYSE Listing
Key Points Securitize moved closer to a NYSE listing after the SEC declared its SPAC merger registration statement effective. The company manages approximately...
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SKN | Bitcoin ETFs See $449M in Outflows Over Three Days as Selling Accelerates
Key Points: US spot Bitcoin ETFs recorded $282.6 million in net outflows on Thursday, their largest single-day withdrawal in nearly two months. Investors...
SKN | Revised CLARITY Act Draws a Regulatory Line Around ‘Non-Decentralized’ DeFi Operators
Key Takeaways The revised CLARITY Act would bring certain DeFi businesses into the U.S. regulatory framework when they retain meaningful control over protocols,...
