Blockchain-based lending protocol Morpho said it raised $175 million in a funding round co-led by Paradigm, a16z crypto and Ribbit Capital, as investors bet that credit markets will increasingly move onchain. The round also included Apollo Funds, Circle Ventures, VanEck and Ledger Cathay, according to… Read More
America’s largest banks are preparing a direct response to one of crypto’s fastest-growing products: stablecoins. JPMorgan Chase, Bank of America, Citigroup and other major lenders said Friday that they plan to launch a shared tokenized deposit network through The Clearing House by the first half… Read More
DTCC’s decision to connect its upcoming tokenized securities platform to the Stellar (XLM) network is the latest step in a relationship that stretches back nearly a decade, according to Stellar Development Foundation CEO Denelle Dixon. Earlier this week, DTCC said tokenized assets held through its… Read More
Legal & General Asset Management announced Wednesday that it placed the more than 50 billion pounds (roughly $68 million) in liquidity funds that it manages onchain through a new distribution channel built by Calastone. “We are thrilled to make our liquidity funds available on the… Read More
