Blockchain
Securrency Capital secures Financial Services Permission from Abu Dhabi Global Market
Securrency Capital, a broker-dealer based in the Abu Dhabi Global Market (ADGM), today announced that it has secured a Financial Services Permission (FSP) from ADGM’s Financial Services Regulatory Authority (FSRA) to deal in investments as a matched principal and provide custody for those investments. The license enables Securrency Capital to provide trading of digital assets to a variety of clients, including retail clients.
“We are honored to have been granted an FSP by ADGM as a Category 3A brokerage,” said Amir Tabch, Chairman and CEO of Securrency Capital. “With this license, we will be able to leverage Securrency’s unparalleled proprietary asset tokenization technology, which automates multi-jurisdictional compliance and financial services and enables the movement of regulated value at the speed of tomorrow.”
Securrency Capital is a wholly-owned subsidiary of Securrency, Inc., a US-based global financial markets infrastructure technology company that has developed best-in-class proprietary digital asset technology supporting the issuance, governance, and life cycle management of regulatory-compliant tokens, including clawback of value in the event of theft or fraud. Securrency, Inc. works closely with world-class institutional banking partners and leading asset managers to enable their seamless transition into the digital assets space. Securrency’s deep technology stack, coupled with Securrency Capital’s on-chain identity services, allows for secure, transparent ownership of tokenized assets.
“Being based in the ADGM has allowed us to leverage the wealth of knowledge from the regional firms, as well as the sophistication of our regulator, the FSRA, to deliver a global marketplace and distribution network for finding and trading all types of digital assets,” explained Phil Langton, COO at Securrency Capital. “Securrency Capital is now at the forefront of migrating traditional trading on blockchain networks and opening up new distribution channels to the multichain ecosystem and the metaverse. We are confident that we have built a strong foundation on which to grow and look forward to expanding our global footprint with the implementation of our partnership framework and our technology partnership with Securrency.”
“ADGM is a rapidly growing world-class financial center,” added John Hensel, Chief Operating Officer of Securrency, Inc. “Securrency Capital will be at the center of the dynamic and rapidly-growing digital assets marketplace in ADGM for which retail and institutional clients have been waiting. We are proud of Amir and his team at Securrency Capital and look forward to supporting their rapid growth.”
ADGM has built and aims to maintain an accessible and secure international financial center that nurtures innovation, promotes market transparency and trust, and encourages sustainable growth and stability. The receipt of its FSP from the ADGM’s responsible and pragmatic regulator affirms Securrency Capital’s commitment to be a trusted partner who can provide quality and reliable digital asset services in this ecosystem and globally.
Securrency Capital’s FSP will enable it to achieve its goal of offering a transparent and reliable platform through which global investors can trade digital assets. As a firm founded with an ethos of responsibility and compliance, Securrency Capital consistently interacts with regulatory bodies to firmly establish the level of trust needed to assure those new to the digital financial assets market.
“ADGM’s regulatory approval is a significant milestone for us,” said Praveer Pinto, Compliance Director at Securrency Capital. “We intend to use this as a foundation to further our commitment to achieving compliance with our regulatory requirements and playing our part in maintaining the integrity of the financial services ecosystem for our clients and the community.”
Securrency Capital’s platform is expected to go live soon after securing additional approvals from the FSRA.
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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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