JPMorgan’s Kinexys platform will tokenize select BlackRock money market fund shares denominated in pounds, euros and US dollars. BlackRock will offer tokenized versions of select European money market funds using JPMorgan’s blockchain infrastructure. According to a Tuesday Bloomberg report, the offering will include pound sterling, euro and US dollar share classes from BlackRock’s Institutional Cash Series, which collectively manage about $311 billion. The figure refers to the broader fund range, not the assets that will be tokenized. Each token will represent a share in an underlying money market fund and can be transferred around the clock between approved digital wallets. Read more
The local drug market generates annual sales of around EUR7 billion, which places Romania on the 11th position in Europe.
The UCITS ETF, CoinShares’ first in Europe, began trading on Deutsche Börse Xetra, tracking a rules-based index of publicly listed BTC miners. CoinShares has launched its first UCITS exchange-traded fund (ETF) in Europe, which tracks publicly listed Bitcoin mining companies, giving European investors exposure to the sector through an Irish-domiciled fund listed on Deutsche Börse Xetra. The CoinShares Bitcoin Mining UCITS ETF began trading Tuesday under the ticker MINE. The physically replicated fund tracks the CoinShares Bitcoin Mining Index, a rules-based basket of listed Bitcoin miners administered by Solactive AG, the asset manager said in an announcement. The ETF was last trading at 19.50 euros ($21.74) per share. Deutsche Börse Xetra data showed 60 units traded for a turnover of 1,184 euros. The similar US-traded CoinShares Bitcoin Mining ETF (WGMI) has net assets of $343.6 million. Read more
Romania will play a central role in Belgian IT services group Cegeka’s plan to expand in major European economies and become one of Europe’s IT industry champions.
The Luxembourg approval completes the company's MiCA licensing process, enabling it to provide regulated crypto-asset services across the European Economic Area. Ripple said it has received full authorization under the European Union's MiCA crypto framework after Luxembourg's financial regulator granted the company a Crypto Asset Service Provider (CASP) license. The authorization follows Ripple's preliminary approval in June and, together with the company's existing Electronic Money Institution license, allows the blockchain payments company to offer regulated crypto-asset services across the European Economic Area (EEA). Ripple said the approval makes it one of a small number of digital asset companies with full authorization under MiCA. The company now holds more than 75 regulatory licenses worldwide, including authorization from the United Kingdom's Financial Conduct Authority secured in January. Read more