Hut 8 (HUT), a bitcoin miner turned energy and AI compute company, has refinanced its bitcoin-backed credit facility, replacing its existing Coinbase Credit arrangement with a new $200 million facility with FalconX. With the new deal, Hut 8 cut its fixed interest rate to 7%… Read More
Binance, the world’s largest cryptocurrency exchange, is working with crypto-friendly tradfi firm Franklin Templeton to offer an institutional off-exchange collateral program, making digital markets more secure and capital-efficient. The new service allows eligible clients to use tokenized money market fund shares issued through Franklin Templeton’s… Read More
The Commodity Futures Trading Commission (CFTC) on Monday launched a pilot program allowing select digital assets — bitcoin BTC$91,022.50, ether ETH$3,134.39 and USD Coin (USDC) or other payment stablecoins — to be used as collateral in U.S. derivatives markets. The program, announced by Acting Chairman… Read More
Tokenizing collateral and moving it instantly across borders is no longer a theory, it’s happening. But at a panel discussion at the SmartCon conference in New York on Wednesday, executives from Citi, DTCC and Taurus warned that while the technology has caught up, regulation hasn’t.… Read More
