Confectionery manufacturer ETI European Food Industries, part of Türkiye’s ETI Group, posted RON294.6 million (EUR59.2 million) revenue in 2024, up 10.7% from 2023’s approximately RON266 million (EUR53.8 million), according to ZF calculations based on Finance Ministry data.
On-chain money market funds have grown nearly tenfold since 2023, but the Bank for International Settlements warns their adoption brings new liquidity and contagion risks. Tokenized money market funds are emerging as one of the most important yield-bearing assets on public blockchains, offering money-market returns and securities-level protections that stablecoins can’t provide, according to a new report from the Bank for International Settlements (BIS). According to the bulletin, tokenized money market funds now hold nearly $9 billion in assets, up from about $770 million at the end of 2023. The BIS warned that as these tokenized Treasury portfolios become a key source of collateral in the crypto ecosystem, they also bring new operational and liquidity risks. Tokenized money market funds are blockchain-based representations of traditional money market portfolios, providing investors with onchain access to short-term, interest-bearing assets, such as US Treasurys. Read more
Proinvest Group has sold its thermal insulation panel division to Italy’s Lattonedil Group, one of Europe's largest players in this segment. The transaction marks a new consolidation in the Romanian construction materials sector, where local entrepreneurial companies are increasingly attracting the attention of strategic investors from the West.
Binance’s latest move targets demand from traditional wealth clients and asset managers taking their first steps into the crypto space. Binance has launched a concierge-style service designed for family offices, asset managers, and private funds taking their first steps into the crypto space. According to the exchange on Wednesday, the new service offers personalized onboarding with dedicated managers, support for over 100 fiat currencies, and access to tailored structured products. The service also includes credit lines, institutional-grade custody through partnered custodians, and real-time analytics and reporting tools designed to give professional investors clear visibility into their portfolios. Read more