Blockchain
C3 Rules and HyperRisk Solutions Forge Strategic Alliance to Transform Cryptoasset Compliance
In a dynamic shift within the finance sector, traditional banking institutions are increasingly investing in a variety of cryptoasset exposures, including stablecoins, tokenized assets, ETF products, and cryptocurrencies. However, the Basel III framework tempers this forward thrust, requiring substantial capital reserves against investments that fail to meet exacting standards, alongside rigorous evaluations, and detailed submissions for regulatory scrutiny. To address these challenges, C3 Rules, a leading developer of cryptoasset compliance solutions, has teamed up with HyperRisk Solutions, a leader in regulatory technology software. Their joint effort integrates C3 Rules’ cryptoasset classification and compliance reporting solution with HyperRisk Solutions’ RiskGuard software, creating a comprehensive system for cryptoasset capital calculations.
This integration promises transparency and efficiency in cryptoasset exposure classification and capital calculations, meeting the Basel Committee’s new cryptoasset capital and prudential standards. It offers a modular approach to compliance management, allowing seamless integration with existing risk management infrastructures or complete overhauls for advanced cryptoasset classification services.
The partnership targets a global userbase of banks and financial institutions. HyperRisk Solutions‘ RiskGuard software is widely used in Southeast Europe, counting eleven leading banks and financial institutions as its clients. The enhanced offering, available world-wide and a global first, will bolster their position in financial innovation and risk management. Markets more advanced in the adoption of regulation, such as Hong Kong, Singapore, and Switzerland, will likely benefit first.
Ben Stolman, CEO at C3 Rules, expressed his enthusiasm about the partnership, stating: “This strategic alliance with HyperRisk Solutions is a game-changer for the financial industry. By combining our cutting-edge cryptoasset classification system with HyperRisk’s robust capital calculation engine, we are setting new standards in risk management and regulatory compliance for banks with cryptoasset exposures.”
Aleksa Jorga, a partner at HyperRisk Solutions, states: “We are excited to start on a partnership with C3 Rules, with its bold and innovative approach to crypto regtech. The classification tool is an organic fit for our RiskGuard suite and prepares us for a future in which cryptoassets may be integrated into the mainstream banking industry. RiskGuard evolved with the Basel framework, with a track record of 15 years, so we are anticipating the next market move.”
Andrew Fei, a partner at law firm King & Wood Mallesons who regularly advises clients on digital assets and Basel standards, observes: “The Basel cryptoasset standards are important because they tell banks how much capital they need to hold against their cryptoasset exposures. The Basel standards require banks to classify each of their cryptoasset exposures into one of four tightly-defined categories, fully document their classification decisions with supporting evidence, and make these available to their banking regulators for review. This is a significant compliance undertaking for banks. Against this backdrop, regtech solutions have the potential to significantly alleviate banks’ compliance burden.”
The post C3 Rules and HyperRisk Solutions Forge Strategic Alliance to Transform Cryptoasset Compliance appeared first on HIPTHER Alerts.
bybit lucky
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.
-
Blockchain4 days agoBridging Innovation and Regulation: How Yellow Network is Transforming Non-Custodial Trading in a Pro-Crypto Future
-
Blockchain5 days ago
Prosper Adds 7,000 More ASIC Miners from BITMAIN To Drive Tokenization of Hashrate as Multichain RWA ; Targets 170MW Capacity With New Strategic Round
-
Blockchain Press Releases4 days agoHTX Ventures Identifies Five Rapidly-Growing Sectors in 2024, Expects Positive Crypto Regulations Driven by Trump Next Year
-
Blockchain5 days ago
Blocks & Headlines: Today in Blockchain (Reserve Bank of India (RBI), Aethir, Blockchain Center Abu Dhabi, Qubetics, )
-
Blockchain5 days agoLoan Brokers Market Opportunities and Strategies Report to 2033 – Loan Brokers Market Poised for Strong Growth, Forecasted to Reach $947.9 Billion by 2033
-
Blockchain2 days ago
50,000+ Mined Coins and 100,000 New Users: EMCD Summarizes 2024
-
Blockchain3 days agoBuilding Bridges in Crypto: Bybit Sparked Dialogues and Joined Industry Leaders at Bitcoin MENA
-
Blockchain Press Releases4 days agoBybit Concludes a Stellar Presence at Global Blockchain Show 2024: Pioneering Innovation for 2025
