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Capital Markets


Cboe Global Markets may now be close to launching an ether futures product, following a recent comment from a U.S. Securities and Exchange Commission (SEC) official indicating that the agency doesn’t consider ethereum’s native cryptocurrency a security. On Thursday, the SEC’s director of corporation finance William Hinman notably said that, based on his understanding of “the ethereum …

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JD Finance, a subsidiary of Chinese e-commerce giant JD.com, announced on Wednesday that it is planning to issue asset-backed securities (ABSs) on a blockchain. According to a report from the Securities Times, an outlet of the China Securities Regulatory Commission, JD Finance established the project in partnership with Huatai Securities, a brokerage firm that will underwrite the …

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Investment firm VanEck has partnered with financial services company SolidX in the latest attempt to launch the first bitcoin exchange-traded fund. The companies announced Wednesday that they would list a “physically-backed bitcoin ETF that will be insured against loss or theft of bitcoin.” Under the arrangement, VanEck will market the ETF, while SolidX will act …

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New York Assemblyman Ron Kim wants cryptocurrencies to help support local communities. Bill A11018, if passed, would amend the New York urban development corporation act to launch 10 pilot programs creating local community currencies, which could be cryptocurrencies or other forms of alternative digital currencies, according to public documents. The programs would hopefully encourage residents …

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China’s central bank has finished work on a blockchain-based system that digitizes checks issued by domestic businesses, according to a senior official. In an op-ed published by a local news source on Tuesday, Di Gang, deputy head of the digital currency research lab at the People’s Bank of China, said the department has “completed the infrastructure of …

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Hot on the heels of its recently announced cryptocurrency ETF offering, Huobi has revealed a new partnership that will see it launch an investment fund dedicated to blockchain startups in China and South Korea. According to a report by the China Money Network on Friday, the cryptocurrency exchange has teamed up with Chinese investment firm …

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Blockchain startup Paxos has closed a $65 million Series B funding round led by existing investors including Liberty City Ventures, RRE Ventures and Jay Jordan. The firm, which rebranded from itBit in 2016, has now raised a total of $93 million to date, according to a release. Paxos said it aims to use the new funds to scale …

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CLS, a U.S.-based forex settlement provider, has made a $5 million investment in enterprise blockchain startup R3. According to a press release, the newly inked deal will see CLS will take a place on R3’s board of directors. CLS aims to work in collaboration with other members of the consortium startup to explore how it can …

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The latest “Project Jasper” blockchain trials have shown that distributed ledgers are effective at automating securities settlements in real-time, according to Bank of Canada and two partners on the project. Announced in October 2017, the latest stage of the research effort moved on from its previous focus on payments to a proof-of-concept for “an integrated securities …

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Digital asset trading service Crypto Facilities is launching ethereum futures contracts. Announced Friday, the U.K. startup claims the news marks the first time futures for ether – the cryptocurrency that powers the ethereum blockchain – will be traded on a regulated platform. Investors will be able to take long or short positions, which will let them “broaden …

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Intercontinental Exchange, the firm that owns the New York Stock Exchange, is the latest Wall Street giant to be mulling a move into the cryptocurrency space, according to a report. An article from The New York Times published Tuesday suggests that Intercontinental Exchange (or ICE) has been developing an online bitcoin trading platform for major investors who …

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Thailand’s national stock exchange has launched a new blockchain-powered component for startups.   The Stock Exchange of Thailand (SET) has launched a crowdfunding marketplace that is built on blockchain technology in a bid to widen the access to capital funds for domestic startups. According to an announcement from the Stock Exchange of Thailand (SET) on Friday, …

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In a unanimous vote Tuesday, the city council of Berkeley, Calif., took a step towards approving the issue of a blockchain-based “microbond.” Ben Bartlett, the vice mayor and council member who spearheaded the initiative, told CoinDesk by phone on Thursday: “It’s happening. We passed it.” But the actual decision taken by the vote is a …

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The steady drumbeat of departures from traditional finance to the blockchain industry continues. On Wednesday, the Financial News reported that three members of BlackRock’s institutional clients team in London have jumped ship in order to launch their own fund, Eterna Capital. The fund will focus exclusively on blockchain-based solutions and derive its inspiration from the …

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William Mougayar, venture capitalist and author of “The Business Blockchain,” is launching an investment firm for blockchain startups and cryptocurrencies. Mougayar will head up the new entity, dubbed Blockchain Technology Ventures, which is being being spun off from Switzerland-based Jabre Capital Partners, according to an announcement on Monday. The new branch aims to invest in …

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The Australian Securities Exchange (ASX) is moving closer to replacing its CHESS clearing and settlement system with a distributed ledger-based alternative. Details about the system’s progression toward production launch were included in an 87-page consultation paper published Friday, which included a timeline for when the switch will be made as well as descriptions of the types of …

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Spanish banking giant BBVA has completed a pilot that issued a €75 million ($91 million) corporate loan using two different blockchain technologies. According to a report from the Financial Times on Thursday, the bank’s latest exploration of the technology focuses on the entire issuance process, including negotiation of terms and signing the corporate loan. The …

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Digital Currency Group has added ZenCash, a little-known, privacy-focused coin, to its “conviction list” of cryptocurrencies. The other coins on the list are bitcoin, ethereum classic, zcash and Decentraland. Speaking at the Stocktoberfest East conference in New York City, Digital Currency Group founder and CEO Barry Silbert asked audience members to raise their hands if …

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Capital Group, an 87-year-old financial services company with $1.7 trillion in assets under management, has barred its associates from investing in initial coin offerings (ICOs). The firm outlined the policy in an updated code of ethics that was filed with the Securities and Exchange Commission (SEC) on April 19. Capital Group’s website includes a previous version …

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Mass media company Thomson Reuters has found that one in five of its financial services clients is considering trading cryptocurrencies this year. The firm recently surveyed more than 400 clients on its data and trading platforms, including Eikon, REDI, FXall and Elektron. About 20 percent of these clients were “really interested and actively exploring” launching cryptocurrency …

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