RedStone co-founder Marcin Kaźmierczak says banks are splitting RWA infrastructure between private networks like Canton and public chains such as Ethereum. Institutional adoption of real-world assets (RWAs) is splitting between public and permissioned networks, exposing a divide between the liquidity advantages of blockchains like Ethereum and the privacy demands driving systems such as Canton Network. The divergence is becoming more pronounced as tokenized assets gain traction among major asset managers. Marcin Kaźmierczak, co-founder of blockchain oracle provider RedStone, said product development is likely to occur on public blockchains, while permissioned systems are better suited for institutional processes that require confidentiality. Read more
The purchase brings Strategy’s total Bitcoin reserves to nearly 739,000 BTC despite the asset trading below the company’s average acquisition price. Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, added another large tranche of BTC to its holdings last week, pushing total reserves above 738,000 BTC. Saylor’s Strategy acquired 17,994 Bitcoin (BTC) for $1.28 billion last week, according to a US Securities and Exchange Commission filing on Monday. The purchase marks the largest BTC acquisition made by Strategy since January, when it acquired 22,305 BTC for $2.13 billion at an average price of $95,284 per BTC. Read more
Stablecoin banking startup Kast secured fresh funding as it looks to expand payment infrastructure across North America, Latin America and the Middle East. Stablecoin payments company Kast has raised $80 million in a funding round that values the company at $600 million, according to a Bloomberg report on Monday citing people familiar with the matter. The round was co-led by QED investors and Left Lane Capital, and Kast expects an annual revenue run rate of around $100 million in 2025, according to Bloomberg. The company reportedly plans to use the funding to expand across North America, Latin America and the Middle East, while also adding staff, securing licenses and developing new products. Read more
Nigel Farage has acquired a 6.31% stake in the London-listed Bitcoin treasury company Stack BTC amid broader scrutiny over crypto donations in UK politics. Reform UK party leader Nigel Farage has invested 215,000 pounds (around $286,000) in Stack BTC, a London-listed Bitcoin treasury company chaired by former UK Chancellor Kwasi Kwarteng, as the Reform UK leader deepens his ties to the crypto sector. The investment gives Farage a 6.31% stake in the company through his media vehicle Thorn In The Side, according to a Monday release. Stack said it raised $346,000 by issuing 5.2 million new shares at $0.065 each in a strategic funding round that included Farage and Blockchain.com. The company said Blockchain.com also entered a partnership to help deliver institutional-grade services for Stack’s planned Bitcoin (BTC) treasury. Read more
It’s estimated that roughly 1,800 crypto companies operate in the United Arab Emirates, employing more than 8,600 people in various roles. Crypto exchange Bybit has reaffirmed its commitment to the Middle East amid escalating global conflict, announcing the appointment of a new country manager to increase its presence in the Middle East and North Africa (MENA) region. Tensions in the Middle East escalated last month after the US and Israel launched strikes on Iran. In response, Iran retaliated against several neighboring countries, including the United Arab Emirates (UAE), the United Arab Emirates (UAE), where Bybit maintains a major regional presence. Helen Liu, co-CEO of Bybit, said the company has no plans to scale back its Middle East operations in light of the conflict. Read more
Nasdaq and Kraken will enable tokenized equities to move between regulated and onchain markets while preserving issuer rights and regulatory compliance. Nasdaq, the world’s second-largest stock exchange by market capitalization, is expanding its push into tokenized equities through a partnership with crypto exchange Kraken and its infrastructure affiliate Backed. The exchange said Monday it plans to support equity tokenization in a way that preserves issuer control, as it looks to connect traditional market infrastructure with blockchain-based networks. Nasdaq has partnered with Payward, Kraken’s parent company, and its subsidiary Backed, the issuer behind xStocks, to develop an equities transformation gateway. Read more