Gemini Launches New Service for Bitcoin ETF Providers

Cryptocurrency exchange Gemini has launched Gemini Fund Solutions. The firm will offer custody, clearing, trade execution, and other services for fund managers, ETF providers, and other institutional investors. Gemini’s One-Stop Solution Gemini will support fund managers in every stage, from onboarding and implementation to providing technical support and operational expertise with this new solution. The New York-based firm custodies two Bitcoin ETFs created by Purpose Investments and Evolve Funds Group. These ETFs trade on the Toronto Stock Exchange (TSX) and hold cryptocurrency worth more than $500 million combined. Additionally, the…

Crypto.com launches $200M investment fund for cryptocurrency startups

Crypto.com has launched a venture arm and has set aside $200 million to invest in promising cryptocurrency startups, as it seeks to expand its partnerships with entrepreneurs in the crypto and blockchain industry. Announced on March. 4, the new venture arm, named Crypto.com Capital, was launched to accelerate the growth of crypto startups, and to advance the growth of the industry in general, according to a press release. The $200 million fund will be used to invest in seed rounds for promising startups, with single investments poised to reach anywhere between…

Inverse Finance seizes tokens, ships code: Launches stablecoin lending protocol

Shortly after culling its community of inactive members, one of decentralized finance’s (DeFi) strangest experiments is launching a new stablecoin lending product. On Wednesday Inverse Finance revealed the Anchor Protocol, a money market built around DOLA, a protocol-native synthetic stablecoin. Based on “a modified fork of Compound,” in a blog post Inverse Finance founder Nour Haridy compares Anchor to Synthetix, which issues credit in the form of synthetic assets back by overleveraged collateral, and Compound, which issues credit in the form of crypto asset loans also backed by overleveraged collateral.…

Fetch.ai spinoff launches decentralized commodities exchange

Mettalex, a spinoff project of Fetch.ai, announced Friday that it has officially launched a decentralized exchange for commodities trading, offering another compelling use case in how blockchain technology was disrupting traditional finance.  The new exchange aims to disrupt the commodities market through blockchain applications and other emerging technologies, such as machine learning and IoT. Mettalex has been designed to improve upon existing automated market makers and blockchain oracles. The company says its automated market markers act as a party to all trades and ensure that the platform is fully collateralized.…

Supercar maker Mazzanti Automobili launches security token offering

Italian luxury car manufacturer Mazzanti Automobili has launched its security token offering on regulated digital marketplace STOKR. As part of the offering, Mazzanti aims to raise 999,999 euros ($1.2 million) on STOKR to develop a special edition of its hypercar model Evantra Millecavalli R. According to a Feb. 25 announcement, Mazzanti’s STO will allow investors to purchase MZZ tokens, priced at 1 euro each. The token is issued by Mazzanti via Blockstream AMP, a platform for the tokenization of securities built on the Liquid sidechain of Bitcoin (BTC), which has…

Meme pioneer launches NFT lolcats on OpenSea

The original “I Can Has Cheezburger?” meme has become the latest symbol of popular culture to be immortalized as an NFT. The meme’s creator, Eric Nakagawa, announced his foray into a series of lolcat NFTs on Feb. 23. “Happy Cat” — the crown jewel of Nakgawa’s NFT release — is being auctioned on NFT marketplace OpenSea, with the highest bid currently sitting at 0.25 ETH. Cool to see all the most important internet history becoming NFTs https://t.co/EclycEXupY — Micah Baldwin (@micah) February 22, 2021 The 10 piece series, titled “No…

CoinShares Launches Ethereum-Backed ETP Worth $75 Million

One of Europe’s largest crypto investment firms, CoinShares, is launching a physically-backed exchange-traded product (ETP) focused on Ethereum. New ETP Gives Exposure To ETH CoinShares’ latest ETP is listing on the SIX Swiss Exchange under the ticker ETHE and already has around $75 million in assets under management (AUM). The ETP product will track the underlying asset, ETH, and will be traded as a security whenever the stock exchange is open. Each unit of ETHE is backed with 0.03 Ether and provides investors with passive exposure to Ethereum’s native asset.…