71% of UK finance leaders expect tokenization to reshape financial services: Lloyds
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Kraken’s Krak debuts US debit card as Payward broadens financial services push
The multi-asset card lets US customers spend crypto and fiat and earn cashback as Kraken’s parent company expands across financial services.
Swyftx has obtained an Australian financial services license and is seeking opportunities in the cryptocurrency payments sector.
According to Foresight News , citing Cointelegraph, Australian cryptocurrency exchange Swyftx has obtained an Australian financial services license, indicating its intention to explore opportunities in the cryptocurrency payments sector. The license allows Swyftx to offer derivatives such as cryptocurrency options or futures to retail customers and authorizes it to provide non-cash payment services, enabling the fintech company to offer payment services to both business and retail clients. Swyftx interim co-CEO Andrea Yuen stated that after obtaining a license to provide payment services, the company "will no longer be a pure cryptocurrency spot exchange." Swyftx does not currently hold an AFSL license for spot cryptocurrency trading.
Cryptocurrency financial institution Bitcoin Suisse obtains Abu Dhabi ADGM financial services license
Odaily Odaily reports that Bitcoin Suisse, a cryptocurrency financial services provider, announced that its subsidiary, BTCS (Middle East) Ltd., has received a Financial Services License (FSP) from the Abu Dhabi Global Markets (ADGM) Financial Services Regulatory Authority (FSRA). This license authorizes BTCS to provide regulated digital asset financial services, including custody, spot trading, and derivatives execution and hedging services, to qualified institutional and professional investors. (Businesswire)
Ant Financial, Edfin Financial, and Panrui Capital signed a memorandum of understanding on cooperation in new energy and blockchain finance.
According to Foresight News , citing Aastocks Finance, Ant Financial, Edfin Financial, and Panrui Capital have signed a memorandum of understanding to jointly explore blockchain applications in Hong Kong's green energy sector, leveraging the decentralized and traceable characteristics of blockchain technology to enhance the transparency of ESG and green projects.
Samsung will release its preliminary Q2 financial results tomorrow: profits are expected to surge 18 times, with executives boasting that "one year's profits are equivalent to 40 years' worth."
According to BlockBeats, Samsung Electronics will release its preliminary Q2 2026 results on July 7th, while SK Hynix will list its ADRs on Nasdaq on July 10th. With these two major events for South Korea's semiconductor giants, the market is highly focused on the industry's health and the impact of AI chip demand on earnings. According to a compilation of forecasts from 30 analysts by the London Stock Exchange Group (LSEG), Samsung Electronics' Q2 operating profit is expected to be approximately 86 trillion won (about US$56.3 billion), with some brokerages predicting as high as 90 trillion won, representing a year-on-year increase of approximately 17-18 times, potentially marking its best quarterly performance in recent years. Prior to the preliminary earnings release, Samsung Electronics management has already released positive signals. Kim Yong-kwan, President of Business Strategy for Samsung Electronics Device Solutions (DS) division, stated at an internal all-hands meeting on July 3rd that the company's full-year 2026 operating profit is expected to meet market consensus expectations. Currently, the market generally expects Samsung Electronics' full-year operating profit to be approximately 300 trillion won (about US$200 billion), with improvements in AI servers, high-bandwidth memory (HBM), and wafer foundry business considered the main drivers of growth. Kim Yong-kwan also stated, "This year's profit will exceed the total cumulative profit of our 40 years in the semiconductor business." Industry insiders believe this is a rare instance of Samsung Electronics management proactively making a positive statement about the full-year profit outlook before officially disclosing the results, reflecting the company's strong confidence in the recovery of its AI-driven semiconductor business and its overall performance growth for the year. With the release of Samsung's financial report and the upcoming listing of SK Hynix's ADRs, the South Korean semiconductor sector will be entering its most important market observation window in the near future.
Opinion: The next stage of tokenization will be "personalized portfolios," rather than simply improving settlement efficiency.
According to BlockBeats, on July 5th, Thomas Sy, Head of Multi-Asset Solutions at NYLIM (New York Life Investment Management), stated that the next core application of tokenization will be enabling "personalized portfolio construction," rather than simply improving settlement efficiency or extending trading hours. NYLIM manages approximately $807 billion, with about $11 billion handled by Sy's team. He pointed out that blockchain technology promises to allow asset management institutions to customize complex portfolio strategies for different investors at a large scale, a capability currently difficult to achieve in the traditional financial system. Sy stated that the core of future asset management will shift towards "high customization," and blockchain is the only technological path capable of achieving this at scale. He believes that tokenization is not just about putting ETFs, bonds, or private credit on the blockchain, but more importantly, about reshaping the way portfolios are constructed. He also pointed out that current portfolios typically involve a mix of ETFs, bonds, and private equity assets, but due to operational complexity, personalized strategies are difficult to scale. Tokenization has the potential to "embed customization logic into the assets themselves," reducing operational costs and improving efficiency. Furthermore, Sy stated that stablecoins have become a key entry point for traditional finance to enter the blockchain space, with the current market capitalization exceeding $300 billion, and are being used for cross-border payments and fund management. He believes this trend will gradually drive institutional demand for on-chain yield-generating assets. Regarding decentralized finance (DeFi), NYLIM is still researching related applications, but Sy emphasized that institutional participation still requires more mature infrastructure, including improved tokenized collateral, liquidation mechanisms, and prime brokerage services.