Blockchain
Spool brings institutions a customizable, risk-adjusted gateway to DeFi as demand rises
Spool, the DAO platform allowing users to build seamless DeFi products, brings customizable, risk-managed yield portfolios to institutions of any size. Institutional investors can now build tailor-made “Smart Vaults” Spool’s yield solution built for considered and diversified DeFi exploration.
With the collapse of FTX—the former symbol of legitimacy and forward-thinking in crypto—many blockchain enthusiasts fear institutions will step away from digital assets. But 62% of institutional crypto investors raised their allocations in the past 12 months, according to a recent Coinbase report. What’s more, 58% of investors plan to raise their allocations more over the next three years, suggesting institutions are taking a long-term view of the asset class even though prices remain low. Institutions will, however, step away from CeFi, which has proven it can’t deliver on the promise of digital assets in recent weeks. That will inevitably translate into a surge in demand for DeFi products.
Spool is positioning itself as the go-to platform for institutions looking to build customizable, risk-managed yield portfolios. Through its non-custodial platform, institutions can now access multiple attractive yield generators while maintaining control of risk appetite and portfolio diversification. Spool’s 5-step Smart Vault creation toolbox eliminates the complexity and obfuscated risk that often characterizes DeFi product creation. By walking through each step of portfolio creation, institutional investors can ascertain each facet of the Smart Vault to reflect their desired fund allocations and risk appetite.
Spool’s comprehensive framework empowers institutions to confidently enter DeFi by mirroring existing financial language and portfolio management options. Connecting the terminology and operational language of traditional finance to DeFi helps institutions and their clients better understand their DeFi investing strategies.
Spool’s on-chain DAO governance operates as a quality control mechanism that all yield protocols and risk models must pass before being integrated into its platform. Institutions creating Smart Vaults can then leverage their brand recognition and client trust by white-labeled yield portfolios through a software development kit. Customers of the institution can join a branded Smart Vault and attain all the benefits of the institution’s carefully crafted portfolio, while a customizable Performance Fee can generate additional income for the portfolio’s creator.
Backed by a no-code interface on top of which institutions can build, Spool removes the costly overhead and manpower required for institutions to fully harness DeFi’s flexibility and investment potential. By auto-rebalancing and auto-compounding portfolios, institutions can enter DeFi without hiring special development and management teams. Spool’s regulatory and technical compliance also operates at an institutional-grade level to assure investors and managers remain in line with all current and future laws regarding crypto.
“Institutions across traditional finance and crypto are still just scratching the surface of what is possible with DeFi and there is still a very clear interest to enter the field,” says Simon Schaber, Chief Business Development Officer of Spool. “We are proud that our platform is at the forefront of bridging the gap for those firms that are ready to go head-on into adopting digital assets while still operating in a familiar and secure framework to build the best DeFi products possible.”
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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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