Blockchain
Blackmoon and BLOCK 30 Labs Form Global Strategic Partnership to Launch BLOCK 30 Exchange Traded Index (ETX)
Blackmoon Financial Group, a blockchain Financial Service and Fintech firm, and BLOCK 30 Financial (a wholly owned subsidiary of BLOCK 30 Labs), today announced that they have formed a global strategic partnership to create a BLOCK branded suite of Exchange Traded Index (ETX) products on the Blackmoon platform.
The new relationship between Blackmoon and BLOCK 30 will enable the two blockchain and FinTech financial services firms to work very closely together to create an ETX that tracks thirty of the top digital assets in one digital asset basket for global investors.
Introducing Blackmoon’s Exchange Traded Indexes (ETx)
“BLOCK 30 Financial is thrilled to partner with the Blackmoon team to expand our reach to global investors,” said Brian Foote, CEO of BLOCK 30 Labs + BLOCK 30 Financial. “We’ll start first with the BLOCK 30 Index ETX and move quickly across a variety of BLOCK indexes across multiple asset classes, in this unique tokenized, digital format.”
“We did 16 months of due diligence around cornerstone global partner selection for the BLOCK 30 Index ETX launch and we just came away feeling like the financial engineering and product agility at Blackmoon is literally years ahead of the traditional markets,” Foote said. “We’re honored to partner with them.”
“Blackmoon and BLOCK 30 Labs share a vision and it’s because of this that we are pleased to have discovered such an incredible organization to associate with…We are eager to release the BLOCK ETX products as soon as possible to offer this amazing investment opportunity to eligible investors globally,” said Oleg Seydak, CEO of Blackmoon
“Whether its tokenizing the Lyft IPO for investors outside of Silicon Valley or challenging the ‘yet another Mutual Fund mindset’ of Wall Street, Blackmoon is exactly where we wanted to be in terms of offering new financial products for global Millenials + Gen Z,” said Jeff Hinshaw, COO of BLOCK 30 Financial.
“57% of customers around the world are not investing in the markets right now. They’re tuning out on white collar fee loads, product redundancy and a lack of imagination in the financial markets…Blackmoon is paving a new way forward with Exchange Traded Index (ETX) products and we wanted to work with them to deliver that for millions of potential customers around the world.”
SOURCE Blackmoon and BLOCK 30
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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