Circle has launched cirBTC on Ethereum, but the larger play is to make wrapped Bitcoin look like collateral infrastructure institutions can route through DeFi, OTC desks, lending markets, treasury systems, market makers, and settlement …
Tag:
Collateral
Recovered tokens will be sent to a DeFi United multisig wallet, redeemed for ETH, and used to cover the shortfall across affected markets. Aave has announced a recovery plan following an April 18 exploit …
- NFT & Metaverse
JSCC Tests Japanese Government Bonds as Digital Collateral on Canton
by adminby adminJapan Securities Clearing Corporation (JSCC), part of Japan Exchange Group (JPX), said Monday it will launch a proof of concept with Mizuho Financial Group, Nomura Holdings and Digital Asset to test the use of …
Tokenized by Securitize, BUIDL can now be used as off-exchange collateral. This allows institutional users to pledge it for trading while holding it securely with third-party custodians. By turning traditional investment products such as …
- Crypto Education
Babylon Enables Native Bitcoin Collateral in DeFi: Finance Redefined
by adminby adminBitcoin infrastructure company Babylon Labs claimed to have developed a system that enables native Bitcoin to be used as collateral for borrowing assets on Ethereum. Babylon Labs co-founder and Stanford University professor David Tse …
Fold, a publicly traded Bitcoin financial services company, has eliminated $66.3 million in convertible debt, removing a potential source of share dilution and simplifying its balance sheet as it prepares to expand its product …
