News list for "Fund trading"
UBS (NYSE: UBS) announced that it has completed the first fully operational tokenized fund transaction based on Chainlink Digital Transfer Agent (DTA) technology standards. The transaction enables the on-chain subscription and redemption process of UBS Dollar Money Market Investment Fund Token (uMINT), demonstrating how fund operations can be automated through blockchain to improve efficiency and practicality. In this real transaction, DigiFT served as an on-chain fund distributor, using...
Chainlink announced the completion of a technology pilot with UBS to successfully process subscriptions and redemptions of tokenized funds through the Swift messaging system. The solution uses the Chainlink Runtime Environment (CRE) to process ISO 20022 standard messages, allowing Financial Institution Groups to directly execute fund transactions on the blockchain through the existing Swift system.
Crypto-asset manager Grayscale said in an email on Thursday that the decision by the Securities Exchange Commission (SEC) to suspend trading in its Digital Large Cap Fund (GDLC) was "unexpected". The company said the regulator's decision on Wednesday surprised industry observers and showed that the regulatory environments were changing. Grayscale said: "While this development is unexpected, it reflects the regulatory backlash surrounding pioneering digital asset products like GDLC.
According to CryptoSlate, Mathew McDermott, head of Goldman Sachs' digital asset division, said at the TOKEN2049 conference in Dubai that the bank plans to launch a 24/7 trading service for tokenized U.S. Treasury bonds and money market fund shares. Goldman Sachs currently operates a crypto derivatives trading desk and plans to launch three tokenization projects in 2025, including a U.S. fund tokenization project and a euro-denominated digital bond. In addition, Goldman Sachs is considering spin...
The Securities Exchange Commission (SEC) is no longer seeking to reopen hedge fund trading fee disclosure rules.
With the growing interest of some investors in securities issued by the US government, cryptocurrency broker FalconX has launched a tokenized treasury fund transaction. FalconX revealed that it has launched support for USTB transactions on June 11. USTB is a digital token that represents short-term debt securities issued by the US government and can be traded on a public blockchain.
On March 28th, zkSync tweeted that zkSync development company Matter Labs will cancel payment of fund transaction fees from zkSync cross chain to Ethereum main network starting from 7:59 on April 1st. Afterwards, users initiating transactions to withdraw funds from the zkSync cross chain bridge to the Ethereum main network will require additional transactions to claim funds on Ethereum. Officially, as zkSync continues to be decentralized, networks cannot rely on intermediaries to operate critica...
