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.
Blockchain
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Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
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Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
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