Investors want flexibility, and products that can straddle both worlds are naturally attractive,” Chen said.“Some players see TradFi as a safety net; others, like Bitget, see it as a launchpad for broader adoption.” She added:“In a volatile market, integration is smarter than isolation.”Continue readingSecuritize, Mantle launch institutional crypto fundTokenization platform Securitize partnered with decentralized finance (DeFi) protocol Mantle to launch an institutional fund designed to earn yield on a diverse basket of cryptocurrencies, the companies said. Similar to how a traditional index fund tracks a mix of stocks, the Mantle Index Four (MI4) Fund aims to offer investors exposure to cryptocurrencies, including Bitcoin (BTC), Ether (ETH), and Solana (SOL), as well as stablecoins tracking the US dollar, Securitize said in an April 24 announcement. The fund also integrates liquid staking tokens — including Mantle’s mETH, Bybit’s bbSOL, and Ethena’s USDe — in a bid to enhance returns with onchain yield, according to the announcement.
The new staking layer enables the use of any combination of cryptocurrencies to secure networks, including monolithic and modular layer-1 and layer-2 blockchains, the announcement said.“We’ve created a modular framework that lets protocols evolve security models over time while efficiently coordinating risk,” Misha Putiatin, co-founder of Symbiotic, told Cointelegraph.“This empowers protocols at every stage of their lifecycle to evolve their security models seamlessly without rebuilding infrastructure.”Continue readingSEC delays decision on Polkadot ETFThe US Securities and Exchange Commission (SEC) delayed a decision on whether to approve a proposed exchange-traded fund (ETF) holding Polkadot’s native token, regulatory filings show. According to an April 24 filing, the regulator has extended its deadline for a final ruling until June 11, nearly four months after the Nasdaq sought permission to list Grayscale Polkadot Trust on Feb.24.
Crypto firms moving into Wall Street territoryCryptocurrency firms and exchanges are increasingly moving into Wall Street territory, launching more traditional investment offerings and showcasing the increasing connection between crypto and traditional finance (TradFi).“There’s a growing synergy between traditional financial investments and the emerging crypto space,” according to Gracy Chen, the CEO of Bitget, the world’s sixth-largest crypto exchange.“Crypto players are now checking out traditional finance as they see the opportunity to bridge it,” Chen told Cointelegraph.“The lines are blurring.
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Author / Journalist: Cointelegraph by Zoltan Vardai
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