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MaiCapital receives approval from the Hong Kong SFC to manage funds with 100% Virtual Asset

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Hong Kong SFC-licensed blockchain and virtual assets manager, MaiCapital Limited (SFC CE#: BMC948), is pleased to announce that it has secured approval from the Hong Kong Securities and Futures Commission (the “SFC”) to manage portfolios that may comprise up to 100% of virtual assets and is subject to the SFC’s “Proforma Terms and Conditions for Licensed Corporations which Manage Portfolios that Invest in Virtual Assets” (“T&C”).

MaiCapital is also pleased to welcome Wealthking Investment (SEHK: 1140.HK, formerly OP Financial Limited) as a new investor and shareholder of the MaiCapital group. Wealthking brings a wealth of expertise and support from the world of traditional finance to this pioneering crypto native financial institution. Looking ahead, with the approval from the SFC and support from Wealthking, MaiCapital intends to further expand its offering of virtual asset fund products and regulated crypto services to investors worldwide and to grow its institutional business to a combined AUM of over US$200 million.

Chairman of Wealthking Liu Zhiwei said, “as a pioneer in bringing proven financial practices and compliant operations to the world of virtual asset investments, MaiCapital is perfectly built to bridge institutional investors into this exciting new asset class. With the extended approval from SFC, MaiCapital is on an even greater trajectory to bring more innovative investment products and services to professional and institutional investors. Wealthking firmly believes in the development potential of Blockchain technology plus digital economy and has invested heavily in these areas for the past few years. The next step will be to optimally utilize our strengths to help MaiCapital reach greater heights.”

Since securing its licenses from the SFC to conduct Type 4 (advising on securities) and Type 9 (asset management) regulated activities in 2018, MaiCapital has been operating two actively managed blockchain-themed hedge funds which have achieved more than 20 times growth in total AUM since 2019 by employing a number of proprietary trading strategies and utilizing a range of crypto-related investment instruments to bring about enhanced investment returns whilst complying with relevant regulatory requirements. The latest approval from the SFC will allow MaiCapital to deploy its award-winning investment strategies in the cryptocurrency markets with greater flexibility and to significantly augment its offering to investors.

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MaiCapital’s flagship hedge fund, the Blockchain Opportunity Fund, is the first virtual asset-themed fund managed by a SFC-licensed manager to garner more than 3 years of track record. The Blockchain Opportunity Fund has consistently provided investors with superior, risk-adjusted returns year over year and has been globally recognized. Notably, the Blockchain Opportunity Fund’s 2021 return was ranked by Preqin amongst the Top 3 hedge funds across all of Asia. MaiCapital’s second fund, the Bitcoin+ Fund, is equally unique in the industry as it employs quantitative strategies seeking to not only track, but also to outperform, Bitcoin in various market conditions. Both funds only accept investments from institutions or qualified Professional Investors.

As a licensed manager in compliance with the T&Cs, MaiCapital only partners with regulated exchanges and custodians in the management of its blockchain-themed funds. These service providers include Coinbase, OSL, both a regulated custodian, as well as cryptocurrency futures contracts trading venues and counterparts that are regulated by the UK Financial Conduct Authority.

“Coinbase Institutional provides clients the scale and stability needed to successfully participate in the crypto economy,” said Kayvon Pirestani, Head of APAC Institutional Sales of Coinbase. “It is so exciting to be working with MaiCapital and to provide access to our comprehensive suite of products and services including custody, prime brokerage, trading tools and analytics, and an enterprise infrastructure built on top of a robust security platform.”

“MaiCapital and OSL have a long-standing and trusted relationship,” said OSL Digital Securities Head of Sales Ryan Miller. “In Hong Kong, there now is increased regulatory clarity for participants on both the buy side, with asset managers such as MaiCapital, and the sell side, with SFC type 1 and 7-licensed OSL Digital Securities. The door is open for professional investors to confidently take advantage of the growing digital assets space in the territory.”

“MaiCapital has always prided itself in its ability to invest in the nascent cryptocurrency asset class with the highest compliance standards and an unyielding focus to protect the interests of investors,” said MaiCapital’s CEO, Benedict Ho. Behind MaiCapital’s legal and compliance support are the leading global law firm, Baker McKenzie, and Hong Kong regulatory compliance expert, Prosynergy Consulting Limited.

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“Having worked with the MaiCapital team since 2018, I am thrilled to see their dedication and commitment recognized. MaiCapital’s Blockchain Opportunity Fund is, by some measure, the most complex virtual asset fund that an SFC licensed manager has received SFC approval to manage,” said Joy Lam, Partner of Baker McKenzie.

“We are delighted to be able to work with MaiCapital throughout the process in obtaining the approval from the SFC to manage its portfolios of up to 100% in virtual assets. With a professional and focus team, they have demonstrated to the regulator that they are very capable of delivering complex products in accordance with rules and expectation of the regulator which will stand MaiCapital in good stead for its future expansion,” said Louie Lee, MD of Prosynergy Consulting Limited.

Wladimir P. is a Content Editor at European Gaming Media and at PICANTE Media and covers a large variety of industries.

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Veriff and Legitify Partner to Streamline Cross-Border Digital Notarisation

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Rakovina Strengthens Board with Appointments of Yevgeniy Meshcherekov and David Kideckel

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Blocks & Headlines: Today in Blockchain – April 29, 2025 | Deloitte, TRON DAO, Miden, JPMorgan, Nuvve

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The blockchain and cryptocurrency ecosystem is evolving at breakneck speed, with tokenization, Layer 2 innovations, institutional partnerships, and emerging venture plays dominating today’s headlines. In this op-ed–style briefing—April 29, 2025—we unpack five major stories that signal where Web3, DeFi, and NFTs are headed:

  1. Deloitte’s $4 trillion tokenized real estate forecast

  2. TRON DAO’s support for emerging talent at Harvard Blockchain Conference

  3. Miden’s $25 million raise to scale a zero-knowledge blockchain

  4. JPMorgan and Nacha’s blockchain-enabled ACH validation

  5. Nuvve’s new subsidiary for cryptocurrency and blockchain ventures

Each section delivers concise news coverage, incisive analysis, and opinion-driven insights into the strategic and technological implications. Throughout, we weave in essential keywords—blockchain, cryptocurrency, Web3, DeFi, NFTs—to ensure SEO optimization and relevance for digital audiences.


1. Deloitte Predicts $4 Trillion Tokenized Real-Estate Market by 2035

Summary:
In a landmark report released April 28, consulting giant Deloitte projects that the tokenized real-estate market could swell to $4 trillion by 2035. The forecast hinges on rapid adoption of security tokens that fractionalize property ownership, enabling global investors to trade real-estate assets 24/7 on blockchain platforms. Deloitte identifies five key enablers: regulatory clarity, standardized token protocols, interoperability layers, institutional-grade custody services, and liquid secondary markets. Adoption drivers include enhanced liquidity, democratized access for retail investors, and lower transaction costs via smart contracts.

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Analysis & Opinion:
Tokenization stands at the confluence of DeFi and traditional finance, promising to unlock trillions in illiquid assets. Yet realizing a $4 trillion market requires overcoming persistent hurdles: cross-border regulatory alignment, KYC/AML compliance on decentralized platforms, and robust digital-asset custodianship. Real-estate incumbents should prioritize pilot programs in regulated jurisdictions—such as Switzerland’s FINMA sandbox—to build trust and test token standards like ERC-3643 or the upcoming ISO TC 307 specifications. Meanwhile, DeFi protocols must integrate real-world asset oracles with high-assurance data feeds to prevent valuation discrepancies. As major asset managers—BlackRock, Fidelity—eye tokenization pilots, blockchain platforms offering modular compliance and seamless fiat on-ramps will emerge as market leaders.
Source: Bitcoin.com News


2. TRON DAO Empowers Emerging Talent at Harvard Blockchain Conference 2025

Summary:
TRON DAO reaffirmed its commitment to education and Web3 innovation by sponsoring the Harvard Blockchain Conference 2025 on April 26–27. The foundation underwrote travel grants, speaker honoraria, and hackathon prizes to support students and researchers exploring DeFi, NFT interoperability, and decentralized governance. TRON representatives—including CTO Michael Kong—led deep-dive sessions on TRON’s latest EVM-compatible upgrades, zero-fee transactions, and cross-chain bridges powered by the Sun Network. Award winners gained access to the TRON Accelerator program, offering mentorship, developer grants, and potential seed funding.

Analysis & Opinion:
Educational sponsorship is a strategic play for protocols seeking long-term developer mindshare. By investing in Harvard’s brightest, TRON DAO not only promotes its Layer 1 ecosystem but also fosters innovations that could address TRON’s scalability, security, and decentralization trade-offs. However, high-profile academically oriented conferences risk echo-chamber effects unless participation spans beyond marquee institutions. TRON would benefit from parallel outreach to Historically Black Colleges and Universities (HBCUs) and community colleges to diversify its developer pipeline. In the battle for EVM-compatible supremacy, protocols that nurture broad, inclusive communities will secure resilience and real-world network effects.
Source: Bitcoin.com News


3. Miden Raises $25 Million to Scale a ZK Blockchain Post-Polygon Spin-out

Summary:
Miden, the zero-knowledge (ZK) proof–based Layer 2 protocol spun out of Polygon in late 2024, has secured a $25 million Series A led by a16z Crypto and Electric Capital. The round also saw participation from Placeholder, Pantera, and Circle Ventures. Miden’s core innovation lies in its bespoke STARK-based prover that enables trustless off-chain transaction batching and on-chain proof verification. Unlike SNARK-focused rollups, Miden eschews trusted setups and prioritizes transparency while targeting throughputs of 4,000+ TPS. The funds will scale Miden’s developer ecosystem, strengthen its modular data availability layer, and accelerate mainnet launch slated for Q4 2025.

Analysis & Opinion:
The ZK-rollup wars are intensifying as projects differentiate on security assumptions, throughput, and developer experience. Miden’s STARK-centric architecture addresses growing community concerns over SNARK trusted setups and prover centralization. However, achieving 4,000 TPS in production demands optimizations at both protocol and EVM-compatibility layers. Miden must also articulate clear interoperability roadmaps with Ethereum, Cosmos, and the OP Stack to attract DApp teams wary of liquidity fragmentation. The $25 million war chest affords aggressive grant programs and bug bounties—critical to securing audit-hardened code—but community trust will hinge on transparent security reports and gradual mainnet roll-out through incentivized testnets.
Source: Cointelegraph

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4. JPMorgan Partners with Nacha for Blockchain-Backed ACH Account Validation

Summary:
In a first for the traditional banking sector, JPMorgan Chase announced on April 27 a strategic alliance with Nacha, the U.S. ACH network operator, to pilot a blockchain-enabled account validation service. Utilizing a private permissioned ledger based on Hyperledger Fabric, the initiative aims to streamline ACH origination by verifying account ownership in real time, thereby reducing failed transactions and fraud. Pilot participants—including fintechs, regional banks, and corporate treasuries—can request instant validation tokens on ledgers, with JPMorgan acting as the initial node operator and Nacha providing rule governance. The project targets a 50% reduction in ACH settlement delays and a projected $300 million annual saving in transaction costs.

Analysis & Opinion:
Legacy payment rails face mounting pressure from DeFi protocols offering near-instant, low-fee transfers. JPMorgan’s move to integrate blockchain into ACH validation is a pre-emptive strike to modernize the Automated Clearing House network from within. Success will depend on achieving network effects—convincing enough U.S. financial institutions to run nodes and accept blockchain-issued trust tokens. Clear regulatory guidance from the Federal Reserve and CFPB on ledger governance will be essential. Should this pilot prove scalable, it could catalyze broader on-chain rails for corporate payments, payroll, and supply-chain finance, bridging Web2 and Web3 infrastructures.
Source: Ledger Insights


5. Nuvve Launches New Subsidiary to Capitalize on Cryptocurrency and Blockchain Opportunities

Summary:
Electric-vehicle charging network operator Nuvve has formed Nuvve Blockchain Ventures—a dedicated subsidiary focused on integrating cryptocurrency, distributed-energy resources (DERs), and tokenization into grid services. Announced April 28 via Business Wire, the new entity will explore utility partnerships for vehicle-to-grid (V2G) settlement in stablecoins, energy-asset tokenization for peer-to-peer trading, and use of NFTs to represent renewable-energy credits (RECs). Nuvve Blockchain Ventures has already secured MoUs with three major U.S. utilities and plans a Q3 pilot using a Polygon-based sidechain for meter-to-meter settlement.

Analysis & Opinion:
Nuvve’s leap into blockchain underscores the cross-industry potential of tokenization and DeFi primitives. By transacting energy services in stablecoins, Nuvve can reduce cross-border FX risk for EV fleets and unlock micro-grid autonomy. However, real-world energy markets demand high-availability, low-latency settlement—areas where existing Layer 1s and busy sidechains may falter. The choice of Polygon sidechain offers low fees and Ethereum security but may require roll-up bridges to settle larger energy-credit batches on Ethereum mainnet. Regulatory clarity on energy tokens as securities or commodities will also shape adoption. If Nuvve succeeds, utilities could adopt blockchain for everything from demand-response auctions to carbon-credit trading, accelerating the energy-Web3 nexus.
Source: Business Wire


Key Trends & Takeaways

  1. Mass Tokenization Looms: Deloitte’s $4 trillion forecast cements tokenized real estate as a flagship use case for security tokens—but success depends on regulatory harmonization and liquid secondary markets.

  2. Developer & Community Investment: TRON DAO’s Harvard sponsorship—and Miden’s sizable Series A—highlight how ecosystems compete for developer mindshare and project credibility through grants and educational outreach.

  3. ZK-Rollup Differentiation: The STARK-based approach of Miden contrasts with SNARK-dependent rollups, reflecting a market that prizes transparency and security assumptions in scaling Ethereum.

  4. Institutional Blockchain Adoption: JPMorgan and Nacha’s ACH pilot exemplifies how incumbent financial networks are cautiously integrating ledger technology to modernize legacy rails.

  5. Cross-Sector Tokenization: Nuvve’s energy-sector plunge illustrates the growing appetite for tokenized assets—from real estate to renewable credits—signaling Web3’s expansion into critical infrastructure.


Conclusion
Today’s headlines reveal a blockchain industry at full throttle: tokenization is broadening beyond finance into real-world assets; zero-knowledge solutions vie for Layer 2 dominance; consortiums of banks pilot private ledgers; and even EV-charging networks are exploring on-chain settlements. As DeFi, NFTs, and Web3 architectures mature, the winners will be platforms that balance regulatory compliance, technological robustness, and community engagement. Stay tuned to Blocks & Headlines for tomorrow’s deep dive into the innovations redefining decentralized networks.

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