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Australia and New Zealand Banking Group Minted an Aussie dollar-denominated token.

The new legislative package will address issues in crypto custody, taxation, and DAO operations in order to protect consumers against bad actors in the space.

Cardano (ADA) has recently been underperforming in price, leaving adherents expectant for a market-driving catalyst.

Hong-Kong-based institutional custody service Hex Trust has raised $88 million in a Series B funding round co-led by Animoca Brands and Liberty City Ventures. The round includes both primary capital of $61 million and secondary investment of $27 million. In addition to Animoca Brands and Liberty City Ventures, other investors to participate in the round included Ripple, Terra, BlockFi, CoinList, Wintermute, Morgan Creek, Sino Global Capital, Primavera Venture Partners among others. Prior backers, including Kenetic Capital, HashKey Capital, and Fenbushi Capital, also joined the round. With the fresh funds, Hex Trust now looks towards expanding in the Middle East and Europe in addition to scaling its current team of 100 people to around 160 by the end of this year. Series B featured in @Bloomberg "#Blockchain will become the new infrastructure of the #financialmarkets, which requires institutional players providing infrastructure for institutional investors.”https://t.co/f50XWnK8aX — Hex Trust (@Hex_Trust) March 16, 2022   The latest Series B round brings Hex Trust’s total funding valuation to date to over $100 million. The company didn’t provide a specific valuation with this round but said it’s “10 times more” than the valuation at the time of its Series A round, which was $30 million which translates to at least a $300 million valuation currently. Licensed Crypto Firm in Singapore and Hong Kong Founded in 2018, Hex Trust offers crypto custody, staking, brokerage, and financing services to institutional clients with its licenses in Hong Kong and Singapore. The company has a capital markets services license from the Monetary Authority of Singapore and is registered as a trusted company in Hong Kong. Over the past year, Hex Trust has worked on blockchain projects like Algorand, Terra, Tezos, and Celo, as well as institutions like the UnionBank of the Philippines.

The post Crypto Custodian Hex Trust Raises $88M in Latest Series B Funding appeared first on Cryptoknowmics-Crypto News and Media Platform.

Hex Trust, an institutional crypto custodian based in Hong Kong, has raised $88 million in a Series B funding round.

The post Crypto custodian Hex Trust raises $88 million in Series B funding appeared first on The Block.

Fireblocks, an infrastructure provider for blockchain assets, announced today it has integrated XDC Network, a hybrid blockchain protocol specializing in tokenizing trade instruments. This news comes ahead of the launch of XDC Network’s Trada token, a stablecoin backed by tangible, trade finance assets. Soon, Fireblocks’ clients that leverage its all-in-one blockchain platform to send, receive, […]

The post XDC Network integrated into crypto custody platform Fireblocks appeared first on CryptoNinjas.

A massive American financial services provider will allow its clients to buy and hold multiple top cryptos, from Bitcoin to Polkadot. 

Binance’s new payment affiliate Bifinity will provide a $36 million convertible loan to the Nasdaq-listed digital asset firm Eqonex.

Based on the unanimous vote from the Virginia Senate, the proposed bill amendment introduced on January 22 this year by Delegate Christopher T. Head sought to allow eligible banks to offer cryptocurrency custody services. (Read More)

The US State of Virginia and its senate, allow the banks to start offering crypto custody services according to the latest reports that we have in today’s crypto news. The delegate Christopher T. Head introduced the new bill back in January and sought an amendment to allow eligible banks to offer crypto custody services. The […]

Delegate Christopher T. Head introduced the bill (House Bill No. 263) back in January 2022, seeking an amendment to allow eligible banks to offer crypto custody services.