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Kraken x Nasdaq cover image
CeFi

Nasdaq Invests $100 Million in Kraken Parent Payward

Nasdaq Ventures agreed to put $100 million into Kraken's parent company, at a $21 billion valuation according to Bloomberg, and Payward will adopt Nasdaq's surveillance technology across its trading venues.
Tenev Says Robinhood Stock Tokens Should Not Automatically Require Issuer Consent
TradFi & Fintech

Tenev Says Robinhood Stock Tokens Should Not Automatically Require Issuer Consent

The Robinhood CEO acknowledged that token holders lack voting rights, reflecting a structure that provides economic exposure through Jersey-issued debt securities rather than share ownership.
Block Seeks OCC Charter for Uninsured Bitcoin and Stablecoin Custody Bank
TradFi & Fintech

Block Seeks OCC Charter for Uninsured Bitcoin and Stablecoin Custody Bank

Builders Bank would operate under direct federal supervision without taking deposits or making loans, but the application still requires OCC approval.
Circle to Acquire Tazapay in $400 Million All-Stock Payments Deal
TradFi & Fintech

Circle to Acquire Tazapay in $400 Million All-Stock Payments Deal

The Singapore-based target would add more than 60 banking and fintech partners and local payout rails across over 100 markets to Circle’s network.
Bitcoin Gives Back Its Overnight Gain As Brent Tops $100
Markets

Bitcoin Gives Back Its Overnight Gain As Brent Tops $100

Bitcoin reached $79,701.36 overnight and had round-tripped the move by midday in New York, leaving it flat over 24 hours. Ninety-three of the 123 largest non-stablecoin tokens are lower. Zcash holds a 56.3% weekly gain after DCG exchanged 85,705 ZEC for about $100 million of Grayscale's ETF, a swap disclosed in an 8-K filed Tuesday. U.S. spot bitcoin funds recorded their first outflow since Sept. 1.
SEC
Regulation & Politics

ARK Asks SEC To Approve Tokenized Share Class of Venture Fund

A pending exemptive application would let ARK Venture Fund record ownership of a new share class using distributed ledger technology and trade it on registered ATS venues. Hearing requests are due Sept. 18.
Tokenized Stocks Traded $1 Billion While The Stock Market Was Shut
TradFi & Fintech

Tokenized Stocks Traded $1 Billion While The Stock Market Was Shut

The 42 largest tokenized equities turned over $1.01 billion on Saturday and Sunday, roughly matching Friday's session, and another $398.3 million on Labor Day. Robinhood Chain handled $572.8 million of the weekend total. One tokenized Nasdaq-100 fund on BNB Chain did $180.5 million on its own.
Compound
DeFi

Compound Opens Institutional Market With 87% LTV

The market takes ETH, wstETH, WBTC and cbBTC as collateral against USDC at loan-to-value ratios of up to 87%. Compound says borrowing is open to anyone, with approval required only for the 200,000 USDC in supplier rewards.
DBS and Citi Complete Weekend Dollar Payment on Swift Ledger
TradFi & Fintech

DBS and Citi Complete Weekend Dollar Payment on Swift Ledger

The Singapore-US transfer took minutes, but Swift says final settlement still occurs through existing banking systems.
BitMine Adds 28,086 ETH as Treasury Nears 5% of Supply
TradFi & Fintech

BitMine Adds 28,086 ETH as Treasury Nears 5% of Supply

The company valued its 5.93 million ETH at about $14.79 billion, while aggregate reported holdings rose to $15.7 billion from $15.6 billion a week earlier.