Blockchain
BlockQuake™ Announces Launch of Live Beta Testing, Submission of NYS BitLicense & Partnership with Prime Trust
BlockQuake™ announced the official launch of live production beta testing of its regulatory-driven digital asset exchange. The Company also released news of both its partnership with SEC qualified and BSA-compliant custodian Prime Trust and that it is pending approval of its application for a New York State BitLicense with the New York State Department of Financial Services. These new developments demonstrate BlockQuake’s™ desire to consistently seek and maintain the highest levels of regulatory compliance. They also guarantee that all traders, from large institutional investors to first-time individuals, will have peace of mind that the BlockQuake™ platform prioritizes performance, security, and transparency.
While in beta production, BlockQuake™ will be conducting complete End to End (E2E) testing in a live environment. Key features include Know Your Customer (“KYC”) verifications, deposits, trade execution, security, and wallet functionalities.
“As cryptocurrency trading grows in popularity, the need to regulate the industry and mitigate risk for investors is paramount. We are seeing new cryptocurrency regulations come into play almost daily. There is also increasing demand to address security issues,” said Antonio Brasse, CEO, and Co-founder of BlockQuake™. “Using our wealth of experience from the traditional financial services industry, we are actively creating a better trader experience through onboarding solutions that focus on performance and security to the overall improvement of the cryptocurrency landscape.”
In an important step towards regulatory compliance, BlockQuake™ has submitted an application for a New York State BitLicense. Upon approval, BlockQuake™ will be able to engage in virtual currency business activity involving both New York State and New York residents. They have also registered with the Financial Crimes Enforcement Network (FinCEN), a requirement for the BitLicense. New York’s unique position as the world’s top financial center, as well as its growing influence as a cryptocurrency hub, make it a priority market for BlockQuake™.
The Prime Trust partnership will see Prime Trust provide custodial and compliance services to users on the BlockQuake™ Exchange. By joining forces with the technology-driven financial institution, BlockQuake™ is able to successfully ensure its regulatory and risk management obligations while reducing the risk of fraud to users of the BlockQuake™ Exchange. The involvement of Prime Trust means BlockQuake™ users will undergo a rigorous verification process. This includes Know Your Customer (“KYC”) verification in compliance with banking and securities laws, Anti-Money Laundering (“AML”) checks on domestic and international persons as mandated by PATRIOT Act and Treasury regulations, and Bad Actor Checks pursuant to Dodd-Frank. BlockQuake™ will also use Prime Trust for fiat custody and cold storage solutions, ensuring that user assets are always secure no matter the size of the investment. All BlockQuake™ Exchange users will also receive a US-based bank account that is FDIC insured for their fiat deposits.
Domestic and international investors can support BlockQuake™ through a worldwide KYC compliant ST20/ERC1400 token offering. The Regulation D 506(c) token offering was created for accredited investors in the US and Canada. A Regulation S token offering is also available for both retail and institutional investors from around the world (non US and Canadian Persons). Interested investors should visit invest.blockquake.com to obtain information and access the company’s portals.
SOURCE BlockQuake
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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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