Blockchain
Horizons ETFs Announces Name Changes on Two Thematic Index ETFs
Horizons ETFs Management (Canada) Inc. (“Horizons ETFs“) announced today that it will change the names of two of its thematic index ETFs: the Horizons Blockchain Technology & Hardware Index ETF and the Horizons Canadian Midstream Oil & Gas Index ETF. The name changes and ticker changes described below will take effect at the close of trading today.
The name of the Horizons Blockchain Technology & Hardware Index ETF will be changed to the Horizons Big Data & Hardware Index ETF (“HBGD“). In addition to the name change, the ticker of this ETF will also be changed from BKCH to HBGD. The change in this ETF’s name reflects a change to the name of its underlying index by the index provider, from Solactive Blockchain Technology & Hardware Index to the Solactive Big Data & Hardware Index.
|
Previous ETF Name  |
New ETF Name |
Previous |
New |
|
Horizons Blockchain Technology |
Horizons Big Data & Hardware |
BKCH |
HBGD |
The Horizons Canadian Midstream Oil & Gas Index ETF will have its name changed to the Horizons Pipelines & Energy Services Index ETF (“HOG“). This ETF will retain the ticker symbol HOG. The change in this ETF’s name reflects a change in its underlying index by the index provider, from Solactive Canadian Midstream Oil & Gas Index to Solactive Pipelines & Energy Services Index.
|
Previous ETF Name |
New ETF Name |
Ticker |
|
Horizons Canadian Midstream Oil |
Horizons Pipelines & Energy |
HOG |
There are no changes to the index methodologies of, or constituents of, the above-noted underlying indices resulting from the index name changes.
A prospectus that reflects the changes set out above will be filed following the date of this press release, and will be available at www.sedar.com or the Manager’s website at www.horizonsetfs.com.
“Each ETF’s name change reflects a recent change in name of its underlying index,” said Steve Hawkins, President and CEO of Horizons ETFs. “In the case of BKCH, the vast majority of index constituents through 2019 were comprised of semiconductor and IT services companies that are integral to the infrastructure of the larger global big data trend, as well as blockchain. In the case of HOG, while it is still investing in midstream oil and gas companies, these companies are now more commonly known to investors as pipeline and energy services companies.”
There are no changes to the management fees of HBGD and HOG. HBGD is also available in a U.S. dollar version under ticker symbol “HBGD.U.”
SOURCE Horizons ETFs Management (Canada) Inc.
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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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