Author: American Coins & Gold

Monetary Authority of Singapore Starts Tokenization Pilots Alongside Financial Services Heavyweights
The test will explore bilateral digital asset trades, foreign currency payments, multicurrency clearing and settlement, fund management and automated portfolio rebalancing.

Standard Chartered Investment Arm Launches Tokenization Platform
Libeara will enable the creation of a tokenized Singapore dollar government bond fund.

Bitcoin's Options Market Has Overtaken Its Futures Market in a Sign of Growing Sophistication
The notional open interest in the global BTC options market stood at $17.5 billion at press time, while open interest in the futures market was $15.84 billion.

U.S. CBDC Is Unlikely in the Near Term: Bank of America
The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.

Crypto Futures Funding Rates Normalize After Bitcoin Drops to .6K
Large movements in spot markets led to open interest surging to $35 billion over the weekend, indicating highly leveraged bets from traders hoping for even higher prices.

Crypto Giant OKX Goes Live With Off-Exchange Derivatives Trading
Asset manager CoinShares along with crypto custody joint venture Komainu are aiming for TradFi standards in derivatives settlement with much reduced counterparty risk.

Crypto Market Sees Net Capital Inflow for First Time in 17 Months
The 90 day net change in the supply of the top four stablecoins has flipped positive, indicating an inflow of capital into the market.

Blockchain.com Closes 0M Raise: Bloomberg
The exchange’s valuation in the $110 million round was less than half of its previous $14 billion valuation, according to the report.

Crypto Custodian Hex Trust Obtains Full Dubai Operating License
This final approval allows the firm to offer digital asset custodial services to institutional clients and sophisticated investors in Dubai.

JPMorgan, Apollo Tokenize Funds in 'Proof of Concept' With Axelar, Oasis, Provenance
The aim of the project was to allow wealth managers to tokenize funds and to be able to purchase and rebalance positions in tokenized assets across multiple interconnected chains.