Author: Coindesk

DUBAI, UAE — Tokenization firm Securitize and decentralized finance (DeFi) specialist Gauntlet are planning to bring a tokenized version of Apollo’s credit fund to DeFi, a notable step in embedding real-world assets into the crypto ecosystem.The two firms are unveiling Wednesday a leveraged-yield strategy offering centered on the Apollo Diversified Credit Securitize Fund (ACRED), a tokenized feeder fund that debuted in January and invests in Apollo’s $1 billion Diversified Credit Fund. The strategy will run on Compound Blue, a lending protocol powered by Morpho,The offering, called Levered RWA Strategy, will be first available on Polygon (POL). It is expected to…

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and…

Digital assets exchange KuCoin has unveiled a new initiative, the “Trust Project,” with a massive $2 billion investment aimed at reinforcing user safety, boosting transparency, and ensuring long-term accountability in the crypto market.The announcement came during TOKEN2049 Dubai, where KuCoin CEO BC Wong, alongside the exchange’s European Union CEO Oliver Stauber, detailed the initiative’s vision to align crypto operations more closely with regulatory frameworks and user-centric principles.At its core, the Trust Project focuses on key values such as infrastructure neutrality, responsible innovation, and enhanced protections against platform risks. KuCoin’s native token, KCS, play a more pivotal role in governance, ecosystem…

Bitcoin developers are again at odds over how the world’s oldest and largest blockchain should handle storing information on-chain, with a proposal to relax long-standing limits on the size of data held sparking fierce debate reminiscent of 2023’s battles over Ordinals.The blockchain’s OP_RETURN feature allows people attach a small piece of extra data to a transaction It is often used for things like notes, timestamps or digital records. The proposed change, put forward by developer Peter Todd, would remove the 80-byte cap on such data, a limit originally designed to discourage spam and preserve the blockchain’s financial integrity.Supporters argue the…

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and…

Libre, a tokenization firm that works closely with the likes of hedge fund Brevan Howard, investment management firm Hamilton Lane and Nomura’s digital assets unit Laser Digital, plans to tokenize $500 million worth of Telegram debt as the blockchain-based Telegram Bond Fund (TBF) on the TON network that’s linked to the messaging platform.TBF will offer accredited investors exposure to some of the around $2.35 billion of outstanding bonds issued by Telegram, providing institutional-grade yield products that will also be available as collateral for on-chain borrowing and product development on TON, Libre said.“What we’ve created is like a fixed income fund…

BlackRock is preparing to bring blockchain to the back office of one of its largest funds, filing to offer a digital share class of its $150 billion Treasury Trust money market fund through BNY Mellon.The new “DLT Shares,” short for distributed ledger technology, won’t hold crypto. But BNY Mellon, the fund’s exclusive distributor, intends to use blockchain to mirror share ownership records, an incremental step that could pave the way for broader adoption of tokenized cash, digital assets, or blockchain-based settlement infrastructure in traditional finance.BlackRock’s Liquidity Treasury Trust Fund is part of the firm’s BlackRock Liquidity Funds suite and manages…

SIGN, the token linked to its namesake’s multi-chain identity protocol, rose by 60% on Tuesday after being listed on Korean exchange Upbit.The listing follows the token’s release on Binance, where it became the first project to be selected by the Binance Alpha campaign.Trading was initially muted on Binance as it traded between $0.06 and $0.08. The Upbit listing boosted prices to $0.129 before receding to $0.11.Trading volume also increased from $402 million in the 24-hour period prior to Upbit’s listing announcement to $898 million, indicating notable interest among Korean traders.The move follows a wider trend related to Korean exchange listings,…

Miden, a protocol specializing in privacy and fast transaction speeds for large institutions, is spinning out of Polygon and has raised $25 million in a seed round.The funding will be used to develop the Miden’s roadmap, including ecosystem expansion and developer tooling.This round was led by a16z crypto, 1kx and Hack VC, with participation from Finality Capital Partners, Symbolic Capital, P2 Ventures, Delta Fund, and MH Ventures.Miden’s design, which makes use of zero-knowledge technology, is geared for large institutions that need transaction confidentiality when executing large payment batches. For example, the protocol could be used for “every single time Apple…

The dog-themed bonk inu (BONK) token on Solana could be one to watch for in the coming weeks as a new token issuance platform uses part of its fees to buy the token, with nearly $1 million generated in the first three days after launch.Letsbonk.fun, built by members of the BONK community and Raydium, went live late Sunday as a Bonk-focused token issuance platform. A portion of fees will help secure and support the Solana network by using the BONKsol validator, per tweets, with over 10,000 tokens already issued.As of Tuesday, the biggest tokens on Letsbonk.fun are HOSICO ($30 million…