Asia sees digital asset custody infrastructure deals from Ripple, Coincheck
Related
Citadel Securities and DTCC partner as omnichain interoperability protocol LayerZero launches a new exchange, expanding institutional market infrastructure for digital assets.
BWENEWS AI: Citadel Securities and DTCC partner as omnichain interoperability protocol LayerZero launches a new exchange, expanding institutional market infrastructure for digital assets.
Ripple disclosed eight developments related to RLUSD, covering payments, exchanges, and cross-chain infrastructure.
According to Mars Finance, Jack McDonald, Senior Vice President of Ripple's Stablecoin Business, disclosed eight recent developments regarding RLUSD in an article published on X on June 29th. These developments cover settlement, regional access, on-chain liquidity, cross-border payments, multi-chain support, exchange listing, charitable initiatives, and the Japanese market. Mastercard has expanded its settlement capabilities, supporting RLUSD on eight blockchain networks, including XRP Ledger. Ripple has also expanded RLUSD availability in Turkey through partnerships with BiLira, Bitexen, and Bitlo, and partnered with Bitso to enable RLUSD and MXNB to support liquidity and cross-border trading through XRP Ledger's Permissioned DEX. RLUSD also achieves multi-chain support through Wormhole Native Token Transfers and entered the Japanese market through SBI VC Trade after obtaining approval from the Japanese Financial Services Agency. In addition, RLUSD has been listed on exchanges such as Gate and Floq and integrated with cross-chain infrastructure provider Squid Router. Meanwhile, Ripple has joined Water's GetBlue campaign as its exclusive digital asset and payment partner.
UK House of Lords backs mandatory digital asset strategy over Labour position
The amendment would require the UK Treasury to develop a strategy covering cryptoassets, stablecoins, tokenized securities and digital financial infrastructure.
Vanguard Group establishes its first head of digital assets position
According to Mars Finance, on July 8th, Vanguard Group, the world's second-largest asset management company (managing approximately $12 trillion in assets), created its first Head of Digital Assets position, responsible for developing the company's long-term crypto and blockchain strategy. This role will assess areas such as tokenization, stablecoins, digital wallets, custody, and blockchain settlement, and determine whether Vanguard should build its own capabilities, partner with external entities, or postpone entry into certain markets. The position requires developing multi-year roadmaps and designing governance and risk frameworks. Vanguard stated that this hiring does not indicate an upcoming launch of crypto products and currently has no plans to issue its own crypto investment vehicles.
Asset management giant Vanguard is hiring its first head of digital assets to evaluate strategies including tokenization and stablecoins.
PANews reported on July 8th that, according to Bitcoin Magazine, Vanguard, the world's second-largest asset manager (with approximately $12 trillion in assets under management), has created its first-ever Head of Digital Assets position, responsible for developing the company's long-term crypto and blockchain strategy. This role will evaluate areas such as tokenization, stablecoins, digital wallets, custody, and blockchain settlement, and determine whether Vanguard should build its own capabilities, partner with external entities, or postpone entry into certain markets. The position will involve developing multi-year roadmaps and designing governance and risk frameworks. Vanguard stated that this hiring does not indicate an upcoming launch of crypto products and that it currently has no plans to issue its own crypto investment vehicles.
Vanguard Group publicly advertised for a head of digital assets, having explicitly stated that crypto assets were inconsistent with its long-term investment philosophy.
According to Mars Finance, Vanguard Group is hiring a Head of Digital Assets for its Personal Wealth business. The job requirements include over 10 years of relevant experience, a deep understanding of digital assets (tokenization, stablecoins, custody, settlement, etc.), and innovation and risk management capabilities in a regulatory environment. This position will be responsible for developing Vanguard's strategy, roadmap, and implementation in the digital asset space, including assessing digital asset capabilities, product development, operating models, and cross-functional collaboration with product, technology, operations, risk, legal, and compliance departments. It will also require representing Vanguard in external communications with industry players, regulators, and clients. It is understood that Vanguard began allowing brokerage clients to trade crypto ETFs and mutual funds last December, but the company has explicitly stated that it has no plans to launch its own crypto investment products, believing that digital assets are still inconsistent with its long-term investment philosophy.