fund


Finance

UBS, Chainlink Execute First Onchain Tokenized Fund Redemption in $100T Market

The transaction involved the tokenized UBS USD Money Market Investment Fund Token (uMINT) on Ethereum, with DigiFT as the onchain distributor.

UBS logo above road (Claudio Schwarz/Unsplash/Modified by CoinDesk)

Markets

Joe McCann Closes Asymmetric Liquid Fund After 'Shifting Away From Liquid Trading'

McCann is shutting down crypto fund after steep losses and shifting his focus to long-term blockchain investments.

Credit: Shutterstock

Policy

SEC Halts Grayscale Large Cap Fund Conversion for 'Review' a Day After Staff Approval

The SEC's commissioners are reviewing Grayscale's uplisting of a large cap fund, a letter from the agency said.

U.S. SEC headquarters in Washington (Jesse Hamilton/CoinDesk)

Finance

VanEck to Invest in Early Stage Ventures Including Crypto With New $30M Fund

The fund, called VanEck Ventures, will invest in companies in the fintech, digital asset or artificial intelligence space that are in pre-seed and seed stages.

VanEck is expanding its venture capital presence with the launch of a new $30 million fund. (Unplash/Matias Malka)

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Tech

Borderless Capital Introduces $100M DePIN Fund Backed by Peaq, Solana Foundation

DePIN refers to physical infrastructure networks built using blockchain technology and token incentives which other projects can use without having to buy and run their own equipment.

Scattered pile of $1 bills (Gerd Altmann/Pixabay)

Policy

Post WazirX Hack, India's CoinDCX Starts Investor Protection Fund With $6M

The decision comes in the wake of the $230 million hack on crypto exchange WazirX last month.

CoinDCX's co-founders Neeraj Khandelwal and Sumit Gupta (CoinDCX)

Finance

Solana-Focused Startup Accelerator Colosseum Raises $60M to Invest in Early-Stage Projects

Colosseum will focus on investing in selected teams from winners in Solana hackathons and so far deployed $2.75 million to eleven companies.

Scattered pile of $1 bills (Gerd Altmann/Pixabay)

Finance

State of Wisconsin Buys Nearly $100M Worth of BlackRock Spot Bitcoin ETF

The state’s investment board bought 94,562 shares of BlackRock’s iShares Bitcoin Trust in the first quarter of the year.

Wisconsin sign

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Tech

Metis, Ethereum Layer-2 Network, Creates $100M Fund as Decentralized Sequencer Launch Nears

The distribution of funds is planned for the first quarter of 2024, and supposed to occur a week after Metis' decentralized sequencer will go live.

Los rollups no tienen la seguridad de Ethereum. (Luigi Pozzoli/Unsplash)

Finance

Digital Asset Brokerage Firm Nonco Raises $10M Seed Funding Led by Valor Capital, Hack VC

The firm says it has already seen $6 billion in volume in Americas since its debut in April.

Fernando Martinez, CEO of Nonco. (Nonco)

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