Blockchain
OKEx C2C Loan Collateral Now Supports Adopted Token OKB with Industry-Low Interest Rates
OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, is adding support for OKB, its adopted global utility token, to be used as collateral in C2C Loans. OKB can now be deposited as collateral along with Bitcoin (BTC) and ether (ETH). Users can borrow USDT by pledging OKB with zero service fees taking advantage of the minimum interest on borrowing, which is as low as 0.01% per day, currently the lowest in the industry. Typical daily rates elsewhere are around 0.1%.
On the topic, OKEx CEO Jay Hao said: “OKB is continually focused on expanding its application scenarios, and we are pleased to offer holders the chance to take out loans using OKB at the lowest rates. In addition to this, OKB has teamed up with Aeron’s Pilot Shop, allowing holders to buy goods and services with OKEx’s adopted global utility token. We welcome Aeron to the OKB ecosystem, providing OKB holders with a bridge between crypto and physical goods and services.”
OKEx offers flexible loan plans
By pledging OKB, BTC or ETH, OKEx users can borrow USDT on OKEx’s C2C loan market with zero service fees. A single loan can be as low as 200 USDT and up to 1 million USDT with a seven–90-day borrowing period, fulfilling the needs of most users for both the loan amount and duration.
As for lenders, if the borrower repays the loan early, they can still enjoy 50% of unexpired interest income. This makes it an attractive alternative to traditional savings accounts that currently have interest rates of close to zero.
OKB integrated into Aeron’s Pilot Shop
In addition, the OKB ecosystem keeps expanding. Starting on July 16, OKB was integrated into Pilot Shop, powered by Aeron, which gives OKB holders the opportunity to buy flying sessions, aviation merchandise, branded items and even their own helicopter at the Aeron Shop.
Founded by a team of certified pilots, aviation engineers and aviation enthusiasts, Aeron is using blockchain technology to improve safety in the aviation industry. It also provides flight training, air taxis, sightseeing and aviation-related products that customers can now pay for in OKB via its online shop.
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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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