LSEG-owned Clearing House To Offer Bitcoin Index Derivatives Service
London Stock Exchange Group (LSEG) is set to offer digital asset derivatives via a link-up with Global Futures and Options (GFO-X) after the UK said it seeks to regulate — but not stifle — crypto innovation in the region.
The linkup intends to allow LSEG-owned LCH SA — a company providing clearing services for credit default swaps, fixed income, commodities, cash equities and equity derivatives — to offer clearing on cash-settled bitcoin index futures and options, the companies said Thursday.
Hong Kong-based digital asset firm HashKey Group has enhanced its Over-the-Counter (OTC) trading business and launched a new wealth management business line amid increasing investor demand. [...] the company unveiled HashKey Wealth, a new wealth management platform geared toward family offices, institutions, and other professional investors.
Tokenization of Real-World Assets a Key Driver of Digital Asset Adoption: Bank of America
The tokenized gold market surpassed $1 billion in value last month as the tokenization of real-world assets gathers pace, Bank of America (BAC) said in a research report Thursday.
Tokenization is the process of putting ownership of tangible assets, such as precious metals, on the blockchain, and offers the convenience of buying and selling these assets around the clock because the transactions do not involve traditional brokers.
All seemingly positive developments, but do note how the retail investor is frozen out; the rich get richer - that's the plan, as always. If there is one major selling-point to crypto assets, it is the breaking down of the financial segregation of retail and professional investors.
There will still be private wealth management firms, but the cost savings of blockchain tokens in terms of fees means that all investors can participate in the same sport - without always handicapping the average consumer.
But back in the swamp,
SEC poised to increase its scrutiny of decentralized finance exchanges
Gary the Goose is coming to bite you!
But there are too many people close to events that can verify the Catch-22 of the SEC - enforcement through refusal to accept registrations.
Still ugly - I don't think a new sustained rally can happen under this cloud.
Unless the pivot to Asia is truly happening, with the seeming encouragement of the US financial tribe.