News Headline Highlights
- Goldman Sachs, Coin Metrics and MSCI have co-developed a crypto asset taxonomy, Datonomy, to classify hundreds of digital coins and tokens so institutional investors can make sense of the new asset class.
- JP Morgan, DBS Bank and SBI have successfully executed their first trade on a public blockchain using DeFi (Aave!). The trade was facilitated by the Monetary Authority of Singapore (MAS) and involved foreign exchange and government bond transactions against liquidity pools composed of tokenised Singapore Government Bonds, Japanese Government Bonds, Singapore Dollars and Japanese Yen.
- 'We never lost interest': Asian family offices continue to be interested and accumulate crypto. A survey of 30 family offices in Hong Kong and Singapore, published by KPMG, found that 92 per cent of respondents were interested in digital assets, with 58 per cent already invested and 34 per cent planning to do so.
- $515 billion asset manager, Apollo Global Management, has launched bitcoin and crypto custody services for its clients in partnership with Anchorage Digital.
- Meta, announced plans to turn Instagram into an NFT marketplace. Users will be able to connect a digital wallet and share and sell NFTs in the app.
- $9.9 trillion asset manager, Fidelity, is launching Fidelity Crypto, a trading service that will allow retail investors to trade bitcoin and ether. While trades with Fidelity Crypto will be free of commission fees, the firm says it will factor in a 1% spread into every trade execution price.
- The largest crypto options exchange globally, Deribit, was hacked for $28m. Deribit's chief commercial officer, Luuk Strijers, commented that client assets were not affected, despite withdrawals being temporarily halted.
- The Japanese Government is set to create their own decentralised autonomous organisation (DAO) to further their knowledge of Web3 technology and to understand its potential use cases.
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