Weekly Update: 07 December 2023
1) Singapore’s DigiFT wins regulatory approvals from MAS after graduating from Sandbox [CoinDesk]
-“DigiFT is the first exchange with an automatic market making mechanism to have been admitted into the MAS FinTech Regulatory Sandbox,” said founder Henry Zhang.
2) BlackRock, Bitwise file updated spot Bitcoin ETF applications with the SEC [The Block]
– The commission said it will have until January 2024 to reach a decision on the spot Ether investment vehicle or institute proceedings to extend the deadline again.
3) BlackRock received $100K seed funds for Bitcoin ETF — SEC filing [Cointelegraph]
– The SEC filing revealed that the investor agreed to purchase 4,000 shares for $100,000 on Oct. 27, 2023, at $25.00 per share.
4) Envision partners with HBAR and UN on new digitization platform for carbon markets [Cointelegraph]
– Envision Blockchain and the HBAR Foundation have teamed up with the UN to create a new suite of decentralized tech to streamline the complex carbon markets.
5) IBM Introduces New Cold Storage Tech for Crypto Assets [CoinDesk]
– The new Offline Signing Orchestrator tech is being used by IBM’s long standing partner in the crypto space, Ripple-owned custody firm Metaco.
6) Italy and South Korea central banks agree on CBDC cooperation [Cointelegraph]
– The central banks of Italy and South Korea announced a memorandum of understanding in the development and deployment of CBDCs.
7) Tokenization of RWAs gets push in Europe as AXA, Generali buys SocGen’s green bonds on Ethereum [CoinDesk]
– SocGen said tokenized bonds provide greater transparency and traceability, as well as speedier transactions and settlements.
8) Standard Chartered-Backed Zodia Custody joins Ripple-Owned Metaco’s global crypto storage network [CoinDesk]
– The new sub-custody network is designed to give institutions around the world easy access to safe crypto storage and settlement.
