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Tidal and Hashdex Announce Trading of U.S. Spot Bitcoin ETF

Retrieved on:

Tuesday, March 26, 2024

NEW YORK, March 26, 2024 (GLOBE NEWSWIRE) -- Tidal Investments LLC (“Tidal” or the “Sponsor”), a leading name in the ETF industry, and Hashdex Asset Management Ltd. (“Hashdex”), a leading global crypto-focused asset manager, today announced the renaming of the Hashdex Bitcoin Futures ETF to the Hashdex Bitcoin ETF ("DEFI” or “Fund”) (Ticker NYSE Arca: DEFI, CUSIP: 88634V100).

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NEW YORK, March 26, 2024 (GLOBE NEWSWIRE) -- Tidal Investments LLC (“Tidal” or the “Sponsor”), a leading name in the ETF industry, and Hashdex Asset Management Ltd. (“Hashdex”), a leading global crypto-focused asset manager, today announced the renaming of the Hashdex Bitcoin Futures ETF to the Hashdex Bitcoin ETF ("DEFI” or “Fund”) (Ticker NYSE Arca: DEFI, CUSIP: 88634V100).
Tidal ETF Services LLC serves as the Fund’s Administrator and BitGo serves as its Bitcoin Custodian.
The completed conversion of the Fund to a spot bitcoin ETF allows investors to gain exposure to spot pricing through an established product.
“We chose to partner with Hashdex on the Hashdex Bitcoin ETF because we knew that the firm’s extensive experience in the space would ensure that we custom-built an investor-friendly product that can offer benefits that otherwise may be unavailable when trading bitcoin directly in unregulated markets,” said Mike Venuto, CIO and Co-Founder of Tidal.

BlackRock Launches Its First Tokenized Fund, BUIDL, on the Ethereum Network

Retrieved on:

Wednesday, March 20, 2024

BlackRock today unveils its first tokenized fund issued on a public blockchain, the BlackRock USD Institutional Digital Liquidity Fund (“BUIDL” or the “Fund”).

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BlackRock today unveils its first tokenized fund issued on a public blockchain, the BlackRock USD Institutional Digital Liquidity Fund (“BUIDL” or the “Fund”).
BUIDL will provide qualified investors with the opportunity to earn U.S. dollar yields by subscribing to the Fund through Securitize Markets, LLC.
“This is the latest progression of our digital assets strategy,” said Robert Mitchnick, BlackRock’s Head of Digital Assets.
Securitize will act as a transfer agent and tokenization platform, managing the tokenized shares and reporting on Fund subscriptions, redemptions, and distributions.

Silence Laboratories Raises $4.1M Funding to Enable Privacy Preserving Collaborative Computing

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Thursday, February 29, 2024

Engineering, MPC, Laboratory, AI, Library, BitGo, Confidentiality, Pet, Growth, Silence, Risk, MetaMask, Privacy, Trail, Trust, Environment, Cryptocurrency

Silence Laboratories is on a mission is to enable a global privacy-compliant collaboration infrastructure that would enable enterprises to collaborate, and exchange inferences while removing all single points of failure

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Silence Laboratories announced today that it has raised an additional $4.1 million in a funding round led by Pi Ventures and Kira Studio, along with several prominent angel investors.
Silence Laboratories team is on a mission to enable a global privacy-compliant collaboration infrastructure.
Commenting on the announcement, Silence Laboratories CEO and founder, Dr. Jay Prakash, said: "In today's digital ecosystem, trust, and privacy are not merely options but imperatives for sustainable growth.
Shubham Sandeep, Managing Director Pi Ventures, commented: "Secure data collaboration to enable privacy preserving compute is an ever growing problem especially in highly regulated domains such as finance and healthcare.

Nirvana Labs Launches from Stealth the World's First Bare Metal Cloud for Web3, Announces Funding

Retrieved on:

Thursday, March 7, 2024

NEW YORK, March 7, 2024 /PRNewswire-PRWeb/ -- Nirvana Cloud removes 95% of the inefficiencies and 60-85% of the cost introduced by traditional providers like AWS and Google Cloud on blockchain workloads.

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Nirvana Cloud is disrupting the public cloud market by slashing cloud costs for web3 firms while reducing the industry's reliance on AWS and Google Cloud.
Nirvana Labs , a pioneer in web3 infrastructure, announces the public launch of Nirvana Cloud from stealth, while securing seed funding from notable web3 investors and prominent angels.
Nirvana Cloud is a first of its kind public bare metal cloud designed for the unique demands from web3, removing 95% of the unnecessary processes performed by conventional cloud providers like AWS and GCP on blockchain and web3 workloads, with Nirvana Cloud optimisations driving 60-85% in cloud savings for its clients.
Nirvana Cloud removes the complexity and costs around procuring, deploying, and networking the bare metal servers desperately needed by blockchain companies to reduce costs.

BitGo joins the Hedera Council to further the success of the Hedera network and support innovation

Retrieved on:

Wednesday, February 28, 2024

Engineering, PALO, HNWI, Architecture, USD, API, BitGo, News, HTS, Council, Cryptocurrency

PALO ALTO, Calif., Feb. 28, 2024 /PRNewswire/ -- BitGo Trust Company Inc., the leading digital asset trust and security company, has joined the Hedera Council to support innovation and invest in the future success of the Hedera network. BitGo launched in 2013, and with over 1500 clients globally across 50 countries, BitGo provides highly secure hot wallets and multi-jurisdictional regulated custodial cold wallets within a single platform and a unified API. Prior to today's announcement, BitGo invested significant engineering and product time to add wallet-as-a-service and qualified custody support for the Hedera Token Service (HTS), and it already runs six mirror nodes on Hedera, the open source, leaderless proof-of-stake network.

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Furthering its vote of confidence in Hedera, BitGo becomes the 32nd member of the Hedera Council, a set of diverse, collusion-resistant organizations and enterprises committed to network innovation, stability, and the continued decentralization of Hedera.
Members of the Council run the initial network nodes and share an equal vote in the direction of Hedera's software and services.
Through its continued relationship with the Hedera network, BitGo plans to explore future opportunities to expand offering support with the Go Network, its real-time USD and digital asset settlement network.
We're excited to see how the relationship between Hedera and BitGo unfolds in light of today's news."

RW3 Ventures Raises Fund for Early-Stage Blockchain and Web3 Investments

Retrieved on:

Thursday, February 15, 2024

Professional Services, Technology, Blockchain, Web3, Finance, Fintech, Senior, RW3, Dwight (The Walking Dead), Investment, BitGo, Growth, Mubadala Investment Company, Coinbase, Fund, Partner (business rank), Xapo, Partnership, Cryptocurrency

RW3 Ventures, an early-stage venture capital firm focused on the blockchain industry, today announced the successful closing of RW3 Ventures Fund I LP (“Fund I” or the “Fund”), with $60 million in capital commitments.

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RW3 Ventures, an early-stage venture capital firm focused on the blockchain industry, today announced the successful closing of RW3 Ventures Fund I LP (“Fund I” or the “Fund”), with $60 million in capital commitments.
Launched in 2021 in partnership with The Raptor Group, the family office of Jim Pallotta, RW3 Ventures supports early-stage companies building disruptive blockchain infrastructure and decentralized applications and protocols.
In addition to deploying capital, RW3 Ventures is uniquely positioned to help startups hire talent, build communities, and enhance their technical research and development capabilities.
To date, the Fund has made several investments across blockchain protocols, decentralized infrastructure, fully homomorphic encryption, and gaming.

BitGo Expands into Private Securities with Acquisition of Brassica

Retrieved on:

Wednesday, February 7, 2024

PALO, BitGo, API, Acquisition, Cryptocurrency

PALO ALTO, Calif., Feb. 7, 2024 /PRNewswire-PRWeb/ -- Brassica is an innovative provider of investment infrastructure for private securities and alternative investments.

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PALO ALTO, Calif., Feb. 7, 2024 /PRNewswire-PRWeb/ -- Brassica is an innovative provider of investment infrastructure for private securities and alternative investments.
Acquiring Brassica bridges the gap between private securities and digital assets within the capital market ecosystem by providing flexible, secure and scalable investment infrastructure.
With this acquisition, BitGo becomes the first major financial services firm to be able to provide comprehensive infrastructure support for both traditional private securities and blockchain-based assets, while significantly expanding our global presence," said Mike Belshe, CEO of BitGo.
BitGo , the first digital asset company that has been focused exclusively on serving institutional clients since 2013, today announced its acquisition of Brassica, a financial technology company specializing in providing back-end infrastructure services for private securities and alternative investments.

BitGo Becomes First Custodian to Support the Coreum Ecosystem

Retrieved on:

Tuesday, January 9, 2024

KYC, BitGo, Partnership, Ecosystem, Confidentiality, EGB, Metadata, Blockchain, Safety, AMM, DEX, Cryptocurrency

With this foundation, Coreum emerges as a comprehensive solution, merging avant-garde technology with unparalleled security, promising fluid and efficient enterprise operations on a global scale.

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With this foundation, Coreum emerges as a comprehensive solution, merging avant-garde technology with unparalleled security, promising fluid and efficient enterprise operations on a global scale.
As an ecosystem, we are driving the narrative for the enterprise adoption of blockchain."
"Our partnership with Coreum aligns with BitGo's ongoing efforts to enhance the digital asset landscape, and always prioritizing our clients' safety.
This collaboration embodies our dedication to enhancing the blockchain ecosystem, and as always, the safety and trust of our clients remain paramount."

Hashdex and Tidal Announce Approval for Listing U.S. Spot Bitcoin ETF

Retrieved on:

Thursday, January 11, 2024

Crypto, Entrepreneurship, ETF, Bermuda Stock Exchange, BitGo, Partnership, History, CIO, Ecosystem, Administrator, BSX, AUM, Chicago Mercantile Exchange, Cryptocurrency

Following conversion of the Hashdex Bitcoin Futures ETF, newly named Hashdex Bitcoin ETF (DEFI) to offer U.S. investors exposure to spot Bitcoin prices

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Following conversion of the Hashdex Bitcoin Futures ETF, newly named Hashdex Bitcoin ETF (DEFI) to offer U.S. investors exposure to spot Bitcoin prices
New York / Rio de Janeiro / London, January 10, 2024 – Hashdex , a leading global crypto-focused asset manager, and Tidal Investments LLC (Tidal), a leading name in the ETF industry, today announced approval of its listing rule to convert the Hashdex Bitcoin Futures ETF, currently traded on the New York Stock Exchange (“NYSE”) under the ticker DEFI, to the Hashdex Bitcoin ETF, which will offer spot Bitcoin exposure to U.S. investors.
“Today’s announcement marks the next phase for the industry by allowing U.S. investors to fully participate in the promise of Bitcoin,” said Marcelo Sampaio, Co-Founder and CEO of Hashdex.
Unlike other spot price ETFs that are newly formed, upon completion, the conversion of DEFI will provide investors with immediate exposure to spot bitcoin prices through a trusted and proven product already being traded in the U.S.
“Bitcoin’s time has arrived, and Hashdex and Tidal are proud to offer the Hashdex Bitcoin ETF at this pivotal moment in history,” said Samir Kerbage, CIO at Hashdex.
“The Hashdex Bitcoin ETF has been custom-built to offer investor protections that are unavailable when trading Bitcoin directly in unregulated markets,” said Mike Venuto, CIO and Co-Founder of Tidal.

Swan Bitcoin Launches Institutional Division, Announces Revenue and Financing Milestones

Retrieved on:

Thursday, December 7, 2023

ETF, Pressure, Safety, Policy, HNWI, Collection, History, CIO, Movement, Partnership, Freedom, BitGo, Cryptocurrency, Swan, Bitcoin

CALABASAS, Calif., Dec. 7, 2023 /PRNewswire-PRWeb/ -- In 2023 Swan raised $195M of equity and credit funding, and currently generates $125M annualized revenue. The company expects to cross $200M annualized revenue in Q1 and plans to raise an additional $150M to fund expansion.

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CALABASAS, Calif., Dec. 7, 2023 /PRNewswire-PRWeb/ -- In 2023 Swan raised $195M of equity and credit funding, and currently generates $125M annualized revenue.
Swan Bitcoin , a leading Bitcoin financial services company, today announced a new unit, Swan Institutional , broadening its presence in the Bitcoin ecosystem.
"Institutional interest in Bitcoin is skyrocketing, and we expect it to accelerate following the likely launch of multiple spot Bitcoin ETFs," said Cory Klippsten, founder and CEO of Swan.
Jonathan Melton, Swan's Head of Institutional Sales, said, "Swan Lending offers a practical solution for institutions holding Bitcoin that don't want to sell.