Business Archives - CoinCentral https://coincentral.com/news/business/ Your Bitcoin, Ethereum, and other Cryptocurrency HQ Wed, 02 Jul 2025 17:25:49 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.1 https://coincentral.com/wp-content/uploads/2025/02/cropped-CCIcon-32x32.png Business Archives - CoinCentral https://coincentral.com/news/business/ 32 32 Ripple Applies for National Bank License, Eyes RLUSD Federal Backing https://coincentral.com/ripple-applies-for-national-bank-license-eyes-rlusd-federal-backing/ Wed, 02 Jul 2025 17:25:49 +0000 https://coincentral.com/?p=52499 TLDR Ripple has officially applied for a national banking license with the U.S. Office of the Comptroller of the Currency. The license would place Ripple’s stablecoin RLUSD under direct federal regulatory oversight. Ripple aims to enhance institutional trust by operating under both state and federal compliance frameworks. The company’s subsidiary has also filed for a [...]

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TLDR
  • Ripple has officially applied for a national banking license with the U.S. Office of the Comptroller of the Currency.
  • The license would place Ripple’s stablecoin RLUSD under direct federal regulatory oversight.
  • Ripple aims to enhance institutional trust by operating under both state and federal compliance frameworks.
  • The company’s subsidiary has also filed for a Federal Reserve master account to hold RLUSD reserves.
  • Ripple plans to expand its crypto services through a federally regulated banking platform.

Ripple has submitted an application for a national banking charter with the U.S. Office of the Comptroller of the Currency. The move places Ripple under federal supervision and expands its compliance framework alongside its New York state license. It aims to bolster trust in its stablecoin RLUSD as it seeks to grow its crypto-related financial services.

The company continues to build regulatory momentum following the recent launch of RLUSD, a U.S. dollar-backed stablecoin. Ripple’s application signals its intent to operate within both state and federal banking frameworks. This dual oversight could make RLUSD more competitive in the evolving digital asset market.

Ripple’s leadership maintains a compliance-focused approach as regulatory clarity increases under the current administration. A national bank charter would allow Ripple to broaden services under federal supervision. It also positions Ripple to support institutional-grade infrastructure in the crypto-financial ecosystem.

RLUSD Set to Operate Under Federal Oversight

Ripple’s stablecoin RLUSD could benefit from direct oversight by the OCC if the charter gains approval. This would place RLUSD operations under a national banking framework and align it with traditional financial standards. Such a shift may increase institutional confidence in Ripple’s digital currency products.

The stablecoin is fully backed by dollar reserves and short-term U.S. Treasurys, according to Ripple’s disclosures. With this model, Ripple seeks to ensure transparency and reserve backing for RLUSD. Enhanced oversight may also position RLUSD for broader use across financial platforms.

This development comes as the company aligns its offerings with the growing demand for regulated digital assets. RLUSD’s integration into Ripple’s banking structure could enable more stable and scalable operations. Federal licensure would further distinguish Ripple’s approach from that of unregulated stablecoin issuers.

Ripple Expands Financial Infrastructure Through Fed Access

Ripple’s subsidiary, Standard Custody & Trust Company, also filed for a Federal Reserve master account. This application would enable Ripple to hold RLUSD reserves directly with the central bank. Such access improves operational control and reserve security for its stablecoin.

Ripple’s application supports its strategy to expand regulated crypto services under national banking laws. It could increase Ripple’s ability to manage liquidity and settlements in-house. Additionally, direct Federal Reserve access strengthens Ripple’s positioning within the U.S. payments ecosystem.

At the same time, Circle Internet Group also applied for a national bank license to support its stablecoin operations. This signals a growing trend among crypto firms to seek federal oversight and infrastructure.

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Brad Garlinghouse Clarifies Ripple’s Ties to Linqto Amid DoJ Probe https://coincentral.com/brad-garlinghouse-clarifies-ripples-ties-to-linqto-amid-doj-probe/ Wed, 02 Jul 2025 17:05:20 +0000 https://coincentral.com/?p=52496 TLDR Brad Garlinghouse confirmed that Linqto holds 4.7 million Ripple shares through secondary market purchases. Ripple has never sold shares directly to Linqto and has no formal business relationship with the platform. Ripple stopped approving Linqto’s secondary market transactions in late 2024 due to increasing concerns. Brad Garlinghouse addressed confusion among retail investors who believed [...]

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TLDR
  • Brad Garlinghouse confirmed that Linqto holds 4.7 million Ripple shares through secondary market purchases.
  • Ripple has never sold shares directly to Linqto and has no formal business relationship with the platform.
  • Ripple stopped approving Linqto’s secondary market transactions in late 2024 due to increasing concerns.
  • Brad Garlinghouse addressed confusion among retail investors who believed they were buying Ripple shares directly.
  • Ripple’s Chief Technology Officer stated that investors only own shares in entities that hold Ripple stock.

Ripple CEO Brad Garlinghouse addressed confusion around Linqto’s holding of Ripple shares as federal scrutiny intensifies. He confirmed Linqto acquired 4.7 million Ripple shares solely through secondary markets. The blockchain firm stressed it had no direct involvement in any sales to Linqto.

Ripple Distances Itself From Linqto Amid DoJ Investigation

Brad Garlinghouse stated Ripple never sold shares to Linqto or partnered with the investment platform in any capacity. While Linqto faces a probe by the U.S. Department of Justice, Ripple emphasized its independence from the firm’s activities. Garlinghouse underlined that Ripple took action to limit Linqto’s access to its equity in late 2024.

Ripple’s leadership responded following confusion among retail investors who believed they were acquiring equity directly from Ripple. Brad Garlinghouse clarified that Ripple has never had a formal business agreement with Linqto. Moreover, Ripple halted approval of further Linqto transactions to avoid potential regulatory concerns.

The announcement comes as Linqto reportedly approaches financial distress while holding shares through special purpose vehicles (SPVs). Brad Garlinghouse highlighted Ripple’s transparency and distanced the company from Linqto’s offerings. Ripple continues to build operations despite external legal uncertainties involving other parties.

Concerns Rise Over SPVs and Shareholder Rights

Brad Garlinghouse’s comments followed widespread frustration among Linqto investors regarding ownership rights in Ripple equity. Many retail investors used SPVs, expecting direct access to Ripple shares before its public listing. However, legal experts explained that investors only own shares in entities that hold Ripple stock.

Ripple CTO David Schwartz reinforced that the SPVs do not grant direct ownership of Ripple shares to individual investors. Brad Garlinghouse confirmed that all Ripple equity held by Linqto was acquired from other shareholders. The company had no control over those secondary transactions.

Attorney John E. Deaton described the situation as highly problematic, noting that up to 5,000 investors may be non-accredited. These revelations have prompted further questions about Linqto’s due diligence processes. Brad Garlinghouse reiterated that Ripple aims to remain fully compliant with regulatory expectations.

Ripple continues its strategic focus while distancing itself from any fallout related to Linqto’s current legal challenges. Brad Garlinghouse’s position reflects a broader effort to maintain regulatory clarity.

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GF Securities and HashKey Pioneer On-Chain Tokenized Securities in Hong Kong https://coincentral.com/gf-securities-and-hashkey-pioneer-on-chain-tokenized-securities-in-hong-kong/ Fri, 27 Jun 2025 15:48:45 +0000 https://coincentral.com/?p=51221 TLDR GF Securities launches tokenized GF Token on HashKey Chain. USD GF Token links to SOFR for stable daily interest. HKD GF Token supports local finance with easy blockchain access. RMB GF Token enables offshore digital yuan exposure. HashKey powers a full-stack ecosystem for compliant tokenization. GF Securities has launched a new class of on-chain [...]

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TLDR
  • GF Securities launches tokenized GF Token on HashKey Chain.

  • USD GF Token links to SOFR for stable daily interest.

  • HKD GF Token supports local finance with easy blockchain access.

  • RMB GF Token enables offshore digital yuan exposure.

  • HashKey powers a full-stack ecosystem for compliant tokenization.

GF Securities has launched a new class of on-chain tokenized securities, marking a significant advance in digital finance in Hong Kong. The offering, called “GF Token,” operates on HashKey Chain and supports daily interest accrual and redemption. This move reinforces Hong Kong’s push to lead the global tokenized asset market.

USD-Denominated GF Token Links to SOFR

The USD version of GF Token is benchmarked to the Secured Overnight Financing Rate (SOFR), enhancing transparency and reliability. It serves as a low-volatility cash management tool with full on-chain transaction recording and daily interest calculation. This design meets growing demand for seamless digital cash instruments that offer high liquidity and low operational friction.

SOFR’s established role in global markets strengthens the credibility of the USD GF Token and attracts institutional capital allocation. The product supports simple onboarding through GF Securities or HashKey Exchange, increasing its market accessibility. Subscription and redemption can occur either via traditional brokerage accounts or directly on-chain.

The USD GF Token also enables fast switching between digital assets through an on-chain settlement model. This efficiency makes it suitable for real-time treasury strategies and short-term capital deployment. It also promotes asset composability within the expanding on-chain ecosystem.

HKD GF Token Expands Digital Reach

GF Securities has also issued the GF Token in Hong Kong dollars, aligning with the city’s financial structure and domestic liquidity flow. This variant enables broader adoption across local finance firms and aligns with regulatory frameworks under Hong Kong law. Daily accrual and on-chain transparency remain core features across all currency options.

The HKD GF Token supports digital transformation among traditional financial entities seeking secure blockchain-based asset exposure. HashKey Chain’s infrastructure ensures low gas fees and high throughput, minimizing costs while maximizing efficiency. Participants can interact with tokenized products without needing complex Web3 technical knowledge.

This product adds to GF Securities’ strategy of releasing compliant, blockchain-native financial tools for capital markets. Its availability through both traditional and Web3 platforms supports a wide range of usage. With strong demand for regulated digital assets, this token positions Hong Kong as a leading RWA tokenization hub.

Offshore RMB GF Token Targets Regional Users

The RMB-denominated GF Token addresses demand from cross-border markets by offering access to digital yuan equivalents. This option promotes adoption in Greater China and aligns with the currency preferences of key market participants. Offshore settlement allows seamless integration with global digital asset platforms.

Daily redemption and real-time visibility on HashKey Chain add reliability to short-term wealth management strategies. Combined with HashKey’s blockchain backbone, this version supports regulatory compliance and international transparency standards. The token’s offshore structure enhances flexibility for market participants operating outside mainland China.

This product joins other GF digital offerings launched since 2024 under Hong Kong’s regulatory framework for tokenized securities. Previous launches include equity-linked tokens and fund-backed instruments. The RMB GF Token demonstrates continued commitment to real-world asset tokenization under clear legal structures.

Broader Digital Finance Infrastructure Supports Growth

The GF Token project involves multiple units within HashKey Group, ensuring a full-stack, end-to-end digital securities ecosystem. NexaToken provided tokenization services, HashKey Exchange handled distribution, and technical support came from HashKey Tokenisation. These contributions enable scalable and compliant tokenized asset deployment.

HashKey Chain serves as the core issuance platform, inheriting Ethereum security and optimizing it for financial-grade performance. Its design supports stable and scalable token operations tailored for regulated financial products. This architecture reduces operational risks and meets institutional performance benchmarks.




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Juventus Shuts Out Tether From Talks After €128M Share Acquisition https://coincentral.com/juventus-shuts-out-tether-from-talks-after-e128m-share-acquisition/ Wed, 25 Jun 2025 19:34:43 +0000 https://coincentral.com/?p=50551 TLDR Tether has acquired a 10.7 percent stake in Juventus valued at approximately €128 million. The investment was completed between February and April 2025 through public market purchases. Despite the significant holding, Tether has been excluded from Juventus governance and board discussions. Exor, the Agnelli family’s holding company, retains majority control of the club with [...]

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TLDR
  • Tether has acquired a 10.7 percent stake in Juventus valued at approximately €128 million.
  • The investment was completed between February and April 2025 through public market purchases.
  • Despite the significant holding, Tether has been excluded from Juventus governance and board discussions.
  • Exor, the Agnelli family’s holding company, retains majority control of the club with a 65.4 percent stake.
  • Tether has made several attempts to initiate talks with Juventus but has received no response.

Tether has acquired a 10.7% stake in Juventus, making it the club’s second-largest shareholder behind Exor. The €128 million investment was finalized between February and April 2025 through public market purchases. Despite the substantial stake, Tether remains excluded from the club’s governance and strategic decision-making processes.

Tether Asserts Stake But Faces Communication Gaps

Tether’s leadership confirmed that its investment did not involve board negotiations or discussions with Juventus management. The company has since made repeated efforts to initiate talks regarding future collaboration with the club. However, Juventus and its majority owner, Exor, have maintained limited communication with Tether.

Exor, controlled by the Agnelli family, holds a 65.4% majority and continues to lead all governance decisions. Tether expressed concern over being sidelined, particularly as Juventus prepares for the FIFA Club World Cup. The club has deferred any meetings with Tether until after the tournament concludes in July.

Tether believes its equity position warrants influence on key matters, including performance, strategy, and international branding. Still, it acknowledges that its acquisition process excluded formal agreements on board representation. The company remains committed to seeking a pathway to engage constructively with Juventus leadership.

Juventus Faces Financial Strain Amid Potential Capital Raise

Juventus expects to report an €18 million financial loss in its upcoming results and plans to raise up to €100 million. The funding will cover operational losses and help finance new player acquisitions ahead of the 2025–26 season. Exor has pledged €15 million to maintain its majority in any new issuance.

Tether has not confirmed participation in the potential capital raise but is monitoring the developments closely. The company maintains liquidity through assets worth $156 billion, including $115 billion in U.S. Treasuries. Despite financial capability, Tether may reassess additional investments without engagement from the club.

The firm’s goal is to contribute long-term value to Juventus but acknowledges current barriers in executing that vision. Financial alignment exists, yet the lack of strategic collaboration remains a central concern. Tether aims to bridge this disconnect to support the club’s international ambitions.

Tether Targets Juventus for Tech Expansion

Headquartered in El Salvador, Tether continues diversifying beyond its core crypto business into sports, media, AI, and agriculture. The firm recently acquired 30% of Italian media company Be Water as part of its broader ecosystem strategy. Executives view Juventus as a potential platform for deploying technological expertise in AI and data.

Tether leadership sees AI as a key tool for player scouting, fan engagement, and performance analytics within football. However, without formal involvement in governance, its capacity to implement such strategies remains limited. Despite emotional ties to the club, Tether executives have attended matches without official engagement.

The company says its approach is long-term and cooperative, but future share purchases will depend on Juventus’ willingness to engage. Tether continues to advocate for modernization in Italian football and hopes to contribute through innovation and resources.

 

 

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Moca Chain Launches to Revolutionize Digital Identity with Decentralized Privacy Tech https://coincentral.com/moca-chain-launches-to-revolutionize-digital-identity-with-decentralized-privacy-tech/ Wed, 25 Jun 2025 18:46:10 +0000 https://coincentral.com/?p=50533 Meta Description: Subtitle: TLDR Moca Chain Launches Privacy-First Blockchain for Identity MOCA Coin Powers Scalable, Secure Identity Ecosystem AIR Kit Brings Moca Identity to 700M+ Users Cross-Chain Identity with ZK-TLS and EVM Support Mainnet Coming Q4 2025 as Moca Taps Global Identity Demand Moca Chain, developed by the Moca Foundation, aims to redefine digital identity [...]

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Meta Description:

Subtitle:

TLDR

  • Moca Chain Launches Privacy-First Blockchain for Identity
  • MOCA Coin Powers Scalable, Secure Identity Ecosystem
  • AIR Kit Brings Moca Identity to 700M+ Users
  • Cross-Chain Identity with ZK-TLS and EVM Support
  • Mainnet Coming Q4 2025 as Moca Taps Global Identity Demand

Moca Chain, developed by the Moca Foundation, aims to redefine digital identity through decentralized architecture. The new layer-1 blockchain supports self-sovereign identity and data ownership across web applications and blockchain ecosystems. It introduces a privacy-first approach that avoids centralized risks while enabling seamless integration with decentralized applications.

Moca Chain Targets Identity Control and EVM Interoperability

The blockchain supports identity verification for individuals, devices, and AI agents across chains. Moca Chain is compatible with Ethereum Virtual Machine (EVM), enabling direct interaction with Ethereum and other EVM chains. The infrastructure also includes decentralized data storage, zero-knowledge proofs, and a cross-chain identity oracle.

Moca Chain’s design eliminates the single point of failure common in centralized identity systems. Leveraging ZK-TLS and modular architecture provides secure and scalable verifications across any chain. The ecosystem supports both on-chain and off-chain data, building a trusted layer for privacy-focused applications.

The platform uses the MOCA token for all network activity. The token supports functions like validator staking, transaction fees, storage costs, and oracle operations. It positions MOCA as a key utility coin within the chain’s identity layer.

AIR Kit Ecosystem Expands Reach to 700 Million Users

The Moca Network’s AIR Kit SDK integrates digital identity features directly into consumer applications. It enables real-world use cases through partners like OK Cashbag and One Football, covering hundreds of millions of users. The SDK provides reusable data and access controls across services, improving privacy while enabling monetization.

With 28 million users verified through OK Cashbag and 200 million monthly users on One Football, Moca Chain gains instant access to real activity. These integrations ensure that new protocols can tap into verified identity pools from day one. AIR Kit also supports cross-application loyalty programs and verifiable credential management.

The kit aligns with Moca Chain’s goal to decentralize user data and allow permissioned access without third-party intermediaries. Protocols can build smart accounts, enable privacy-preserving data use, and issue credentials. All interactions are secured through zero-knowledge proofs, enabling compliance without compromising privacy.

MOCA Coin Powers the Network and Secures User Autonomy

MOCA Coin enables essential operations across the Moca Chain network, acting as the gas and staking currency. Network validators use MOCA for transaction processing, while users pay verification and data usage fees with the same token. The coin supports the system’s oracle services, storage, and ecosystem incentives.

The coin helps maintain decentralization by eliminating dependency on external validators or intermediaries. Every protocol and dApp operating on the chain interacts with MOCA for secure, verifiable transactions. MOCA also enables cross-chain data authentication, bridging the gap between Web2 and Web3 ecosystems.

Moca Chain’s design supports fast deployment, with a testnet scheduled for Q3 2025 and mainnet in Q4 2025. This launch timeline positions the project to enter the growing identity infrastructure market with a strong technical foundation. Combined with AIR Kit integrations, MOCA Coin provides essential fuel for this decentralized identity platform.

 

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XRP Ledger 2.5.0 Launch Adds Token Escrow and DEX Permissions https://coincentral.com/xrp-ledger-2-5-0-launch-adds-token-escrow-and-dex-permissions/ Wed, 25 Jun 2025 15:21:05 +0000 https://coincentral.com/?p=50475 TLDR RippleX has released version 2.5.0 of the XRP Ledger with major protocol enhancements. The update includes XLS-85 which enables escrow support for third-party tokens such as stablecoins. Multi-purpose tokens have been introduced to support complex institutional use cases. XLS-56 allows wrapper transactions that combine up to eight steps into one for improved efficiency. Permissioned [...]

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TLDR
  • RippleX has released version 2.5.0 of the XRP Ledger with major protocol enhancements.
  • The update includes XLS-85 which enables escrow support for third-party tokens such as stablecoins.
  • Multi-purpose tokens have been introduced to support complex institutional use cases.
  • XLS-56 allows wrapper transactions that combine up to eight steps into one for improved efficiency.
  • Permissioned DEX features have been added through XLS-81 to support compliance-driven trading environments.

RippleX has launched version 2.5.0 of the XRP Ledger (XRPL), introducing several network changes to enhance token utility and transaction processing. This release includes critical protocol amendments and security fixes, alongside improved functionality for decentralized finance applications. The update arrives amid growing activity on the XRP Ledger, driven by rising institutional interest and increased network usage.

Multi-Purpose Tokens and Escrow System Strengthen XRP Ledger

The new upgrade introduces XLS-85, which enhances the XRP Ledger’s escrow capabilities by adding support for third-party tokens, including stablecoins. This change allows developers and institutions to manage more complex escrow agreements while supporting a wider range of digital assets. It also establishes the foundation for broader token utility across decentralized applications on the XRP Ledger.

https://x.com/msvadari/status/1937693849180410071

XLS-85 also brings multi-purpose tokens (MPTs) to the XRP Ledger, offering flexible tools designed for institutional use cases and financial operations. These tokens can perform multiple roles within one contract, enabling streamlined processes for various industries. Institutions now gain greater control over token behavior, improving transaction efficiency across sectors.

Increased functionality through these amendments is expected to improve interoperability, enabling a more dynamic environment for DeFi development on the XRP Ledger. Developers can now deploy stablecoin escrows or combine MPTs with other on-ledger features for customized implementations. This enhances the XRP Ledger’s competitiveness among enterprise-grade blockchains.

DEX Permissions and Wrapped Transactions Expand On-Chain Tools

The update also introduces XLS-56, which allows for wrapper transactions that combine up to eight steps into one operation on the XRP Ledger. This streamlines complex processes such as token swaps, staking flows, and liquidity provisioning. Reducing failure points significantly improves transaction reliability for developers and institutions.

Additionally, XLS-81 adds permissioned decentralized exchange (DEX) capabilities to the XRP Ledger, offering greater control for asset issuers. Issuers can now restrict trading access or enforce compliance conditions within their decentralized markets. This is expected to attract institutions that require regulatory-compliant DEX environments.

XLS-75 enables delegated transaction permissions, allowing one account to approve transactions on behalf of another within the XRP Ledger. This is useful for enterprise applications that involve multiple roles or automation. The upgrade further supports scalable, multi-user operations across complex organizational structures.

Security Improvements and Whale Accumulation Signal Network Confidence

Version 2.5.0 includes security fixes, including updates to automated market maker (AMM) functions and spam protections for NFT interactions on the XRP Ledger. Developers also addressed a long-standing bug that had allowed the creation of faulty payment channels. These changes improve trust and ensure network stability during high-volume operations.

XRP Ledger activity has sharply increased, with daily active addresses rising from 35,000 to over 295,000 in recent months. Simultaneously, the number of wallets holding over one million XRP has reached a record 2,700, indicating strong accumulation. This trend suggests growing institutional confidence in XRP Ledger’s long-term value proposition.

VivoPower recently allocated $121 million to XRP as part of its treasury reserve, further highlighting the XRP Ledger’s increasing institutional appeal.

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Nano Labs Eyes 10% of BNB Supply with Major $500M Crypto Investment Plan https://coincentral.com/nano-labs-eyes-10-of-bnb-supply-with-major-500m-crypto-investment-plan/ Tue, 24 Jun 2025 13:44:14 +0000 https://coincentral.com/?p=50191 TLDR Nano Labs Eyes 10% of BNB Supply in $1B Crypto Play BNB Becomes Nano Labs’ Next Big Treasury Bet Nano Labs Converts Debt to Crypto Power with BNB Focus $500M Notes Fuel Nano Labs’ Bold BNB Acquisition Plan From Chips to Crypto: Nano Labs Targets $1B in BNB   Nano Labs Ltd has announced [...]

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TLDR
  • Nano Labs Eyes 10% of BNB Supply in $1B Crypto Play
  • BNB Becomes Nano Labs’ Next Big Treasury Bet
  • Nano Labs Converts Debt to Crypto Power with BNB Focus
  • $500M Notes Fuel Nano Labs’ Bold BNB Acquisition Plan
  • From Chips to Crypto: Nano Labs Targets $1B in BNB

 

Nano Labs Ltd has announced a strategic investment move involving a $500 million convertible notes agreement to accumulate BNB. The China-based Web3 infrastructure firm intends to purchase $1 billion worth of BNB over time. This forms part of a broader strategy to eventually control up to 10% of BNB’s total circulating supply.

Convertible Notes to Fuel BNB Acquisition Strategy

Nano Labs has signed a convertible notes agreement worth $500 million with several subscribing parties. The unsecured notes will mature in 360 days without accruing interest and are convertible into Class A ordinary shares. The conversion price starts at $20 per share and may adjust under certain conditions.

The notes will give Nano Labs the flexibility to convert debt into equity or repay the principal upon maturity. While the agreement is subject to closing conditions, the company has laid out its BNB-focused plan. It aims to use the proceeds from this deal and other placements to start acquiring BNB in large volumes.

The company plans to begin by acquiring $1 billion worth of BNB in the initial phase of this initiative. This signals an aggressive move into the crypto asset, especially considering the long-term target. Nano Labs seeks to hold 5% to 10% of the BNB supply as part of its treasury strategy.

BNB Forms the Core of Nano Labs’ Reserve Asset Shift

BNB will play a central role in Nano Labs’ new digital asset strategy, aligning with its reserve and investment goals. The company has already adopted Bitcoin as a primary reserve asset and extends this diversification to include BNB. It is preparing to establish a strategic BNB reserve using proceeds from notes and other placements.

This reserve strategy highlights Nano Labs’ long-term value and stability of BNB. The firm will also assess BNB’s market performance and ecosystem development as part of its ongoing risk management. Although still in the early stages, this BNB accumulation marks a significant shift in the company’s capital deployment.

Nano Labs is actively positioning itself as a key institutional holder of BNB, alongside other digital asset reserves. The accumulation of BNB will support future financial flexibility. To hold up to 10% of the total BNB supply, Nano Labs sets a bold precedent among tech firms.

Background on Nano Labs and Web3 Focus

Founded as a Web3 infrastructure and chip solutions provider, Nano Labs develops HTC and HPC chips for emerging tech markets. Its in-house Cuckoo chip series offers an alternative to traditional GPUs for high-throughput computing applications. The company also supports crypto mining innovations through its near-memory architecture.

Nano Labs continues to expand its presence in digital finance by combining hardware expertise with blockchain investment strategies. It operates across three verticals: HTC solutions, HPC solutions, and now a growing digital reserve segment.

By committing to BNB accumulation, Nano Labs aligns with broader trends in corporate crypto adoption. Other institutions have adopted crypto reserves, but few target such a significant share of a single asset. The company’s planned exposure to BNB could reshape its treasury profile and boost its crypto positioning.

 

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3iQ Dominates XRP Market With Canada’s Biggest XRP ETF Launch https://coincentral.com/3iq-dominates-xrp-market-with-canadas-biggest-xrp-etf-launch/ Mon, 23 Jun 2025 17:05:17 +0000 https://coincentral.com/?p=49965 TLDR XRPQ hits C$32M AUM in 3 days. 3iQ launches Canada’s biggest XRP ETF. XRPQ offers secure, regulated XRP exposure. Follows SOLQ’s fast success on TSX. 3iQ leads in crypto-focused ETFs. The 3iQ XRP ETF (XRPQ) has become Canada’s largest XRP-focused exchange-traded fund just three days after its TSX debut. The fund rapidly secured C$32 [...]

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TLDR
  • XRPQ hits C$32M AUM in 3 days.
  • 3iQ launches Canada’s biggest XRP ETF.
  • XRPQ offers secure, regulated XRP exposure.
  • Follows SOLQ’s fast success on TSX.
  • 3iQ leads in crypto-focused ETFs.

The 3iQ XRP ETF (XRPQ) has become Canada’s largest XRP-focused exchange-traded fund just three days after its TSX debut. The fund rapidly secured C$32 million in assets under management, marking a major entry into the digital asset ETF space. With competitive pricing and institutional support, XRPQ positions 3iQ as a clear leader in token-specific ETFs.

XRPQ Achieves Rapid Success on TSX

3iQ launched the XRPQ ETF on the Toronto Stock Exchange last week with zero management fees for the first six months. The fund offers indirect exposure to XRP, one of the top digital assets by global market capitalization. It gained momentum quickly, accumulating C$32 million in assets within 72 hours.

This early milestone cements XRPQ as the largest XRP ETF in the Canadian market to date. It holds only long-term XRP positions sourced through regulated platforms and OTC partners. This structure enables broad access while ensuring secure and compliant custody standards.

The ETF is backed by Ripple, which participated as a seed investor, bringing added institutional weight to the product. XRPQ provides exposure to XRP without requiring users to handle or store the token directly. As a result, both retail and institutional segments can access the fund through registered accounts and brokerages.

Solana ETF Set the Stage for XRPQ Momentum

XRPQ follows a similar trajectory to the 3iQ Solana Staking ETF (SOLQ), which launched in April 2025. SOLQ quickly became Canada’s largest Solana ETF, reaching C$90 million in AUM within two trading days. That ETF attracted institutional capital, including from SkyBridge Capital.

Both funds reflect strong market appetite for token-specific ETFs backed by cold storage custody and regulated platforms. While SOLQ introduced staking features, XRPQ focuses on direct long-hold strategies through institutional-grade platforms. This approach appeals to those seeking regulated exposure without complex on-chain requirements.

3iQ structured each ETF to operate within familiar regulatory frameworks while offering access to emerging crypto assets. With consistent product design and global reach, the firm reinforces its position as a market pioneer in digital asset fund management. Strong demand for both ETFs highlights growing interest in regulated digital asset exposure.

3iQ Expands Reach Through Regulated Access

XRPQ’s cold-stored assets ensure security, while its TSX listing allows for broad access across global financial networks. Canadian-registered accounts can hold XRPQ, and qualified international entities may also participate based on local rules. The product design balances accessibility with institutional-grade safeguards.

3iQ has focused on providing compliant investment options for the evolving digital asset sector. It launched Bitcoin and Ethereum ETFs early and later integrated staking into Solana and Ethereum products. The firm also developed QMAP, a managed platform tailored for hedge fund access to crypto.

In 2024, Monex Group acquired a majority stake in 3iQ, expanding its global footprint. With that backing, 3iQ continues developing advanced financial products to meet demand for token-based investment tools. Its consistent success with XRPQ and SOLQ confirms its role as a leading digital asset ETF issuer.

 

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Fiserv Unveils FIUSD Stablecoin to Power Bank-Friendly Blockchain Payments https://coincentral.com/fiserv-unveils-fiusd-stablecoin-to-power-bank-friendly-blockchain-payments/ Mon, 23 Jun 2025 14:47:52 +0000 https://coincentral.com/?p=49913 TLDR Fiserv launches FIUSD stablecoin for banks and merchants. FIUSD runs on Solana for fast, low-cost transactions. Circle and Paxos power FIUSD with regulated support. FIUSD connects with PayPal’s PYUSD for cross-border use. FIUSD fits into existing banking systems without disruption. Fiserv has launched its digital asset platform alongside FIUSD, a new stablecoin designed to [...]

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TLDR
  • Fiserv launches FIUSD stablecoin for banks and merchants.
  • FIUSD runs on Solana for fast, low-cost transactions.
  • Circle and Paxos power FIUSD with regulated support.
  • FIUSD connects with PayPal’s PYUSD for cross-border use.
  • FIUSD fits into existing banking systems without disruption.

Fiserv has launched its digital asset platform alongside FIUSD, a new stablecoin designed to enhance efficiency in traditional banking systems. FIUSD will integrate into existing Fiserv infrastructure and aims to streamline payments across financial institutions and merchant networks. The launch marks a significant shift in how traditional finance firms adopt blockchain without displacing current systems.

FIUSD to Scale Across Fiserv’s Massive Payments Network

FIUSD will operate across Fiserv’s network of 10,000 financial institutions and 6 million merchant locations. It will use Solana as the underlying blockchain and offer clients high-speed, low-cost transactions. Through FIUSD, banks and merchants can access stablecoin settlement tools without changing their core systems.

Fiserv will deliver FIUSD through its existing banking and merchant platforms at no added cost. Clients can integrate FIUSD using a software development kit within Fiserv tools like Experience Digital and Commercial Center. These integrations allow institutions to maintain full control while adding programmable blockchain features.

The platform supports real-time settlement and offers compliance functions like fraud monitoring and risk controls. Fiserv’s cloud-native architecture enables seamless connectivity between fiat and digital systems. This ensures FIUSD fits naturally within existing financial workflows.

Circle, Paxos, and Solana Back FIUSD Infrastructure

FIUSD will rely on technology from Circle and Paxos, both recognized for regulated stablecoin infrastructure. These partners bring proven compliance and token management capabilities to the stablecoin ecosystem. The infrastructure supports interoperability, allowing FIUSD to connect with other stablecoins in the future.

Solana’s blockchain underpins the stablecoin due to its scalability and popularity among financial applications. FIUSD will offer reliable performance and fast transaction finality for enterprise-grade applications. The use of Solana aligns with market demand for efficient and trusted settlement layers.

Paxos and Circle provide support for regulated issuance and ensure the backing of FIUSD by liquid fiat assets. Their collaboration with Fiserv signals deeper alignment between traditional finance and stablecoin platforms. Together, they form a compliance-focused foundation for FIUSD expansion.

Interoperability and Cross-Border Use Cases Expand FIUSD Utility

Fiserv confirmed a new partnership with PayPal to connect FIUSD and PYUSD across payment ecosystems. This connection allows users to transfer stablecoins between platforms for cross-border settlements and vendor payments. The move brings flexibility to corporate and retail payment channels.

The digital asset platform will explore deposit tokens as a parallel offering. These tokens mirror customer deposits but operate on blockchain infrastructure, aligning with capital requirements for banks. FIUSD will support these functions, offering financial institutions more tokenization options.

Fiserv expects FIUSD to boost programmable finance while retaining institutional-grade standards. With stablecoins gaining momentum globally, FIUSD positions itself as a compliant, scalable, and bank-friendly payment solution. The company plans to announce more partnerships tied to FIUSD in the coming months.

FIUSD combines the speed and programmability of digital assets with the trust of traditional finance. By embedding FIUSD into core banking systems, Fiserv helps clients modernize without disruption. The stablecoin reflects the growing role of tokenized money in regulated financial environments.

 

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Massive DEX Shift? OKX and Consensys Launch New MetaMask Tool https://coincentral.com/massive-dex-shift-okx-and-consensys-launch-new-metamask-tool/ Thu, 19 Jun 2025 17:24:14 +0000 https://coincentral.com/?p=49041 TLDR OKX has integrated its DEX aggregator into MetaMask through a new partnership with Ethereum software firm Consensys. The integration provides MetaMask users with access to liquidity from more than 500 decentralized exchanges across 25 blockchains. OKX aggregator offers execution speeds under 100 milliseconds to reduce trade slippage and improve transaction efficiency. The partnership supports [...]

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TLDR
  • OKX has integrated its DEX aggregator into MetaMask through a new partnership with Ethereum software firm Consensys.
  • The integration provides MetaMask users with access to liquidity from more than 500 decentralized exchanges across 25 blockchains.
  • OKX aggregator offers execution speeds under 100 milliseconds to reduce trade slippage and improve transaction efficiency.
  • The partnership supports MetaMask’s multichain strategy and OKX’s goal of building a connected blockchain trading ecosystem.
  • Consensys’ SERVO technology has been embedded into the OKX Wallet to protect users from maximum extractable value attacks.

OKX has launched a decentralized exchange aggregator on MetaMask through a partnership with Ethereum software firm Consensys. The collaboration integrates OKX’s DEX API, giving MetaMask users access to over 500 DEXs across 25 blockchains. This move strengthens OKX’s reach while advancing MetaMask’s multichain functionality.

The integration enables users to experience reduced slippage and faster execution with trades completing in under 100 milliseconds. It expands MetaMask’s existing swap feature by incorporating OKX infrastructure and a deep liquidity network. As a result, users now benefit from a seamless and efficient trading experience directly within their MetaMask wallet.

Consensys and OKX aim to support the growing shift from centralized to decentralized trading platforms. As more users seek self-custody and multichain solutions, both firms target accessibility and scalability. The joint strategy supports a secure environment for retail and institutional users alike.

MetaMask Users Gain Access to Broader Liquidity Network

The DEX aggregator connects MetaMask wallets to liquidity from more than 500 decentralized exchanges. These include major protocols across 25 blockchains, expanding the scope of tokens and pairings available. This cross-chain accessibility increases market efficiency for end users.

OKX aggregator offers execution speeds below 100 milliseconds, reducing latency in high-demand environments. Faster trades minimize slippage and help preserve user value in volatile markets. The feature supports real-time routing and optimized pricing.

The collaboration enhances MetaMask’s capability to compete with centralized platforms on speed and price execution. By aggregating orders from numerous sources, the integration ensures optimal trade outcomes. The update signals MetaMask’s continued evolution into a multichain Web3 hub.

Enhanced Security Through SERVO and Real-Time Threat Detection

The partnership introduces Consensys’ SERVO, embedded into OKX Wallet for protection against maximum extractable value (MEV) threats. This marks the first external deployment of SERVO into a third-party wallet. It strengthens defenses against exploitative practices in DEX environments.

OKX implemented additional security features after North Korea’s Lazarus Group attempted to misuse it previously. These measures include blocking suspicious addresses in real time and issuing alerts for risky transactions. Third-party audits and an active bug bounty further reinforce system resilience.

The integration of SERVO highlights a commitment to user protection and protocol-aligned innovation. Both companies are addressing growing concerns over MEV and transaction manipulation. This collaboration sets a precedent for future wallet security standards.

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