Adam Levi, co-founder of Backed Finance, said that the search for a balance between compliance needs and the openness of decentralized finance eventually led the company to settle in Switzerland. Companies are registered in Europe, he said, because Switzerland allows them to issue digital representations of shares such as Tesla and Nvidia, known as xStocks, which are freely transferable rather than subject to so-called whitelists....
Olas, an autonomous artificial intelligence agency in cryptocurrencies, has raised $13.80 million to support the launch of its "proxy app store" called Pearl, led by 1kx and joined by Tioga Capital, Sigil Fund, Zee Prime Capital, Borderless and Keyrock. The team at Olas, also known as Autonolas, said the funding will be used to support its proxy app store, which aims to democratize user-owned artificial intelligence agents. The app store will let users directly...