Eddid Securities USA has connected with tZERO’s regulated subsidiaries to introduce customer accounts for trading, clearing and custody of eligible digital asset securities. The correspondent clearing arrangement has been approved by FINRA under Rule 4311.The engagement divides the operating chain among three broker-dealer roles. Eddid USA introduces the customer and maintains the client relationship. tZERO
Key Facts Zamanat has sponsored Zamanat Fund CEIC Limited, a DIFC-domiciled tokenized private credit fund of up to USD 100 million. It targets the GCC’s estimated $250 billion SME financing gap, where only 11% of SMEs have credit access. A DFSA-regulated closed-ended Exempt Fund, classified as a Credit Fund. Truleum Venture Partners manages it; Apex
The Financial Conduct Authority’s own cost-benefit analysis puts the net economic benefit of Britain’s incoming crypto regulatory regime at approximately £120 million, despite estimating that implementing and operating the framework will generate £1.315 billion in costs.The FCA estimates total benefits of approximately £1.435 billion over its 10-year appraisal period. That leaves benefits exceeding costs by only
Brazil’s cryptocurrency industry is approaching a major regulatory deadline, with existing virtual-asset service providers required to submit the first phase of their authorization applications to the Banco Central do Brasil by October 30.The deadline applies to companies that were already providing virtual-asset services when the country’s new regulatory framework took effect on February 2. Companies that
Tether has reportedly frozen approximately $39.3 million in USDT across 10 addresses on the TRON blockchain linked to Xinbi Guarantee, a Chinese-language guarantee marketplace that investigators say has facilitated billions of dollars in crypto transactions.Blockchain intelligence platform MistTrack identified the restrictions on September 8, reporting that the affected wallets collectively contained 39,273,713 USDT. At least one
Solana-based token launchpad Pump.fun has expanded beyond SOL and USDC as the default assets underpinning new token launches, introducing support for tokenized stocks and other assets through a new feature called Custom Pairs. The feature allows creators launching tokens through Pump.fun to choose alternative quote assets, meaning a newly created token can trade directly against a
Vitalik Buterin has proposed bringing recursive STARK-based mempools to Ethereum through EIP-8288, describing the technology as a potential next step after Frame Transactions that could make advanced cryptography dramatically cheaper. Buterin said September 9 that he hopes EIP-8288 will be included in I*, the Ethereum network upgrade planned after Hegotá. The proposal is not yet
Hunter Biden’s LAPTOP meme coin has fallen more than 99% from its all-time high just hours after launching on Base, illustrating the extreme price distortions possible when a new token begins trading with limited liquidity. LAPTOP launched shortly after 8 a.m. ET on September 9 and immediately experienced extraordinary volatility.CoinGecko recorded an all-time high of
TRM Labs has raised additional funding at a $2 billion valuation, doubling its valuation in seven months as the Chainalysis competitor expands its blockchain intelligence business into a broader artificial-intelligence platform for investigating financial and cybercrime. The San Francisco-based company announced the Series C expansion on September 9.Blockchain Capital led the investment after also leading
India has completed its first tokenized corporate bond issuance, marking a major test of whether blockchain infrastructure and central bank digital currency can make one of the country’s largest financial markets faster and more efficient. State-owned power financier REC raised ₹500 crore, approximately $53 million, through the pilot under the Securities and Exchange Board of