Blockchain
DMALINK® and WeOwn enter partnership to redefine decentralised finance
DMALINK and WeOwn are pleased to announce a key strategic partnership in the institutional DeFi space.
This ambitious partnership is set to be a game-changer for decentralised finance (DeFi) for digital assets. Initial plans revolve around combining low latency trade execution and real-time settlement and clearing via a decentralised multi custodian hybrid blockchain.
The objective is to develop a solution based on WeOwn’s and DMALINK’s existing technology stack, where client assets are held by custodians and tokenised onto the custodial blockchain ledger thereby integrating into the full lifecycle of a trade.
Manu Choudhary, CEO at DMALINK says: “The vast majority of DeFi projects are built on Ethereum (ETH). ETH, however, is not a stable and enterprise-friendly protocol and has shown itself to be incapable of scaling for institutional purposes and larger financial markets. Which is why we are so excited to work with WeOwn, who took the bold move to build their own stable and scalable protocol. Our goal is to develop a hybrid platform that is highly-scalable, performance-driven and focussed on transparency & decentralisation.”
Sascha Ragtschaa, CEO of WeOwn explains: “We are excited that this collaboration with DMALINK will ultimately result in the creation of the first European cross-asset decentralised exchange (DEX). With this novel structure, our ambition is to eliminate all counterparty, clearing and settlement risks and be able to execute and settle trades within milliseconds between multiple custodians. By removing intermediary costs, we can pass on those savings directly to our clients. This is a great initial use case and will bring major volume onto our platform and exchange from day one and greatly enhance our service offering for existing partners, clients and the SME market we are serving.”
DMALINK is a data-centric ECN for professional Foreign Exchange traders streaming anonymous and bilateral, proactively tailored and sustainable pricing with particular focus on Emerging Markets, Scandie crosses and CE3. We serve industry leaders, including Banks, Funds, Corporates, and Proprietary Trading Firms who have a particular demand for sustainable liquidity access across non-G-7 pairs.
WeOwn is a ground-breaking digital platform that helps SME’s to better manage their investors and stakeholder engagement. Far more than a ‘quick fix’ solution, WeOwn enables companies and investors to conduct their entire relationship – including voting – securely online. For businesses looking for funding, WeOwn provides access to peer-to-peer lending and equity financing. WeOwn offers SME’s the benefit of end-to-end digital capital solutions and a secondary marketplace for increased traction with investors.
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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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