Coins

Senate Democrats Want Seats at SEC, CFTC to Support Crypto Bill

In brief The conditions were outlined in a letter published Tuesday by Sen. Ruben Gallego, the top Democrat on the Senate Banking Committee’s Subcommittee on Digital Assets.  The letter underscored the willingness of the group to pass crypto legislation so long as it was meaningfully bipartisan. The letter also requests numerous additions to the Senate…

Business

Jack Ma’s Ant Digital Taps Blockchain to Tokenize $8.4B in China’s Energy Assets: Report

In brief Ant Digital linked $8.4B in Chinese energy assets to AntChain, tracking 15M renewable devices. It raised 300M yuan ($42M) for three clean energy projects via tokenized assets, Bloomberg reported. Adoption is expected to remain institutional, with offshore listings hinging on regulatory approval, Decrypt was told. Jack Ma-backed Ant Group’s enterprise arm has reportedly…

Markets

DeFi Protocol Ondo Finance Puts 100 Tokenized Stocks on Ethereum

In brief Ondo Finance launched tokenized versions of 100+ U.S. stocks and ETFs on Ethereum, backed by real assets held at registered U.S. broker-dealers. The tokenized stocks are only available to non-U.S. investors due to regulatory restrictions. The tokenized assets enable 24/7 trading and fractional ownership, allowing global investors to trade U.S. securities outside normal…