Blockchain
Republic and Re7 Capital Announce Strategic Joint Venture To Collaborate on Crypto Asset Management Initiatives
Republic through its UK affiliate, and DeFi fund manager Re7 Capital announced a strategic joint venture to collaborate on asset management initiatives focused on liquid crypto tokens. This partnership lays the groundwork for further joint initiatives between the two firms.
Venture capital fundraising for crypto and blockchain is on pace for a record year in 2022, indicating that many institutional investors see long-term value in the crypto sector. Venture capital has historically been the primary avenue through which institutional investors have been able to access the crypto sector at scale. However, the sector has matured in recent years, and there are more liquid opportunities to participate in the market today, ranging from liquid tokens, to staking and yield opportunities.
“Despite the crypto market sell-off this year, crypto adoption has continued to deepen,” said Jon Knipper, Senior Director, Crypto Treasury at Republic Crypto. “We are excited to partner with Re7 Capital to explore opportunities in the liquid segment of the crypto market; in addition to their deep engagement with decentralized finance protocols, Re7’s experience managing a successful crypto hedge fund makes them an excellent partner for us.”
“Republic Crypto shares Re7’s vision of building the financial paradigm of the future–one that is more transparent, inclusive and efficient,” said Evgeny Gokhberg, Managing Partner at Re7 Capital. “Few companies working in web3 have helped launch as many projects as Republic Crypto, and fewer still have as much deep-rooted industry expertise advising projects in this space. We look forward to working closely together on a range of initiatives.”
By combining veterans from blue-chip institutions like Goldman Sachs, UBS, and Bank of America, with crypto-native analysts and technologists, this new strategic joint venture aims to help empower professional investors to participate in web3. In the midst of an economic transformation underpinned by blockchain technology, this partnership represents an exciting opportunity for innovation within digital asset management.
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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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