Latest news with #Optimism
Associated Press
7 days ago
- Business
- Associated Press
Thrive Protocol Launches Onchain Funding Program To Award 3M OP to Base Builders
Lisbon, Portugal and New York - July 24, 2025 - Thrive Protocol, crypto's first GDP Layer connecting ecosystem capital to measurable outcomes, today announced a new funding program to deploy 3 million OP (Optimism) tokens awarded by Optimism through a comprehensive 12-month program sponsored by Base. The program targets projects that can drive significant transaction volume on Base, including trading interfaces like DeFi applications and Telegram trading bots. The initiative will distribute 750,000 OP (Optimism) tokens quarterly to top-performing projects based on verified volume metrics. Applications open July 24th. 'We're excited to run this 3M OP program to reward the Base ecosystem',' said Daniel Jacobs, CEO of Thrive Protocol. 'We're building the GDP Layer that transforms how crypto allocates capital, and this program moves us closer to the new era where onchain funding only goes to real value creation.' Program Structure: The program aims to support projects that can drive significant transaction volume on Base, including established teams with trading infrastructure ready to expand Base support and DeFi protocols capable of generating substantial transaction activity. Project applicants will be evaluated through Thrive's merit-based assessment process, with selection criteria including team track record, evidence of project viability, strategic fit with Base ecosystem needs, and ability to generate measurable transaction volume. Selected projects will be evaluated quarterly based on verified transaction volume metrics, with rewards distributed proportionally to top performers. The competitive structure helps ensure only projects delivering genuine user adoption and trading activity receive funding. Applications open through Thrive Protocol's platform at with the first volume tracking period starting August 7th. Selected projects will compete for quarterly distributions based on measurable transaction volume generation on Base. The program is subject to applicable terms and conditions. About Thrive Protocol Thrive Protocol is crypto's GDP Layer, connecting ecosystem capital directly to measurable project outcomes. Thrive partners with top crypto ecosystems like Polygon, Arbitrum, Hedera and Apecoin to efficiently allocate treasury funds in a merit-based and results driven milestone process. By eliminating traditional grant inefficiencies, Thrive transforms how the crypto industry allocates capital toward genuine value creation. Program Information: Applications and details available at Media Contact: Zach Warsavage Thrive Protocol [email protected]
Yahoo
18-07-2025
- Business
- Yahoo
Securitize Takes Tokenized Hamilton Lane Credit Fund Multichain, Bringing It Closer to DeFi
Real-world asset platform Securitize upgraded its tokenized private credit fund with Hamilton Lane, an investment firm with $956 billion of assets under management and supervision, expanding its reach across multiple blockchains and adding features aimed at decentralized finance (DeFi) users. Introduced in 2023 on Polygon (POL), the Hamilton Lane Senior Credit Opportunities (SCOPE) Fund is now available on Ethereum and Optimism (OP), with blockchain interoperability enabled by Wormhole (W). This means investors can move fund units across chains, unlocking wider participation and liquidity in different DeFi ecosystems. Securitize also added support for daily net asset value (NAV) pricing through RedStone oracles and made the fund instantly accessible through its investor portal. Redemptions can be processed in two ways: on-demand through a built-in liquidity pool capped at 5% of the fund's NAV, or through monthly scheduled withdrawals. A key addition is the new sSCOPE token, designed specifically for DeFi composability in a regulated manner, allowing holders to deploy the asset in on-chain lending platforms or liquidity pools depending on future integrations. The Apollo Diversified Credit Securitize Fund (ACRED) received the same treatment earlier this year, with leveraged DeFi strategies built around it. The update arrives as the tokenized real-world asset (RWA) market surpasses $25 billion, with private credit making up $14 billion of that total, data shows. Securitize has been one of the most active participants in the sector, issuing nearly $4 billion in tokenized assets to date, including BlackRock's digital money market fund BUIDL. A recent S&P report identified tokenization and private credit as intersecting forces that could reshape capital markets over the next years, a trend that the Hamilton Lane fund aims to capture. "DeFi can actually make an existing offering better, but still making it compliant. That's a game changer," Victor Jung, head of digital assets at Hamilton Lane, said in an interview with in to access your portfolio
Los Angeles Times
30-06-2025
- Business
- Los Angeles Times
Culver City Digital Asset Management Platform Stackup Raises $4.2 Million
Stackup, a Culver City-based digital asset management platform designed to streamline crypto operations for crypto businesses, raised a $4.2-million Seed funding round led by 1kx, with participation from Y Combinator, Goodwater Capital, Soma Capital, Amino Capital and Digital Currency Group. The investment will accelerate the development of the Stackup platform, allowing the team to continue developing solutions that simplify crypto operations for businesses. The company was founded in 2021. Coinciding with the influx of new capital, it launched a new direct banking integration feature that directly addresses the fragmentation between traditional and crypto operations. Businesses can now connect their bank accounts to their Stackup wallet, enabling seamless, non-custodial ACH transfers between their bank and wallet within their existing payment workflows. 'Our mission at Stackup is to provide businesses with the tools they need to manage their digital assets with the same level of efficiency and control they expect from traditional financial systems,' said John Rising, chief executive and co-founder of Stackup, in a statement. Additionally, Stackup has expanded its support blockchains to include Ethereum, Base, Arbitrum, Optimism, Polygon, Avalanche, and BSC. Information for this article was sourced from Stackup.
UAE Moments
24-06-2025
- General
- UAE Moments
♋ Cancer Daily Horoscope for June 24, 2025
🌟 Daily Theme: Sun conjunct Jupiter cazimi in Cancer A rare and powerful cosmic alignment—Jupiter close to the Sun in Cancer—infuses you with optimism, emotional clarity, and opportunity. Love & Relationships Your emotional bond deepens naturally today. Speak with authenticity and openness—your conversations carry extra weight, bringing warmth and connection. Finances Luck supports you. Unexpected funds or helpful offers could land. It's a great day to review long-term plans—your intuition is subtly guiding you toward abundance. Career & Ambition Ideas flow effortlessly. Collaborate or present—it's your cosmic stage. Your confidence is magnetic, and others are drawn to your clarity and vision. Health & Well-being Energy vibrates high—use this surge wisely. A gentle walk, yoga, or any grounding activity calms your mind and centers your spirit. Personal Growth & Other Areas Jupiter cazimi in your sign amplifies your growth. Set intentions, start family projects, or reconnect with your roots. This is a powerful seed-planting moment.
Business Wire
20-06-2025
- Business
- Business Wire
Stackup Raises $4.2 Million in Seed Round to Streamline Operations for Crypto Businesses
CULVER CITY, Calif.--(BUSINESS WIRE)-- Stackup, the digital asset management platform designed to streamline crypto operations for crypto businesses, today announced that it has secured $4.2 million in seed funding. The round was led by 1kx, with participation from Y Combinator, Goodwater Capital, Soma Capital, Amino Capital, and Digital Currency Group (DCG). The investment will accelerate the development of the Stackup platform, allowing the team to continue developing solutions that simplify crypto operations for businesses. Coinciding with the influx of new capital, Stackup has launched a new direct banking integration feature that directly addresses the fragmentation between traditional and crypto operations. Businesses can now connect their bank accounts to their Stackup wallet, enabling seamless, non-custodial ACH transfers between their bank and wallet within their existing payment workflows. This solves a critical pain point for companies forced to juggle between two parallel financial systems: traditional banking for crypto operations and separate crypto platforms for on-chain activity. Stackup's solution creates one system for all financial operations, without giving up control of your assets to third parties. 'Our mission at Stackup is to provide businesses with the tools they need to manage their digital assets with the same level of efficiency and control they expect from traditional financial systems,' said John Rising, co-founder and CEO of Stackup. 'This funding gives us the ability to eliminate operational inefficiencies that have historically hindered the adoption and growth of this industry. We're empowering businesses to streamline their financial operations and workflows, allowing them to focus on growth without compromising on security or control of their assets.' Additionally, Stackup has expanded its support blockchains to include Ethereum, Base, Arbitrum, Optimism, Polygon, Avalanche, and BSC. This feature unlocks businesses operating across multiple blockchains. Previously, businesses were forced to manage separate wallets and manually bridge assets between chains, creating a process that was both time-consuming and error-prone. With Stackup, businesses can manage their multi-chain operations from one platform, moving assets seamlessly without external bridges or multiple wallet setups. 'Crypto businesses have largely struggled to address their operational needs due to the unique burden of managing assets on multiple chains,' said Nichanan Kesonpat of 1kx. 'Stackup is addressing those critical pain points and enabling businesses to take control of their funds in one seamless, secure, and scalable platform.' The Stackup platform has evolved significantly since its inception in 2021. The platform played a crucial role in building wallet infrastructure for major industry players like Coinbase and TrustWallet. This foundational experience in enterprise-grade wallet infrastructure informed Stackup's current model of providing a comprehensive digital asset management platform directly to businesses. Today, Stackup provides centralized control over decentralized assets, allowing businesses to take charge of every detail of their operations with ease. About Stackup Stackup is transforming how businesses manage their on-chain operations by offering a smart account platform designed to simplify and automate complex blockchain tasks. As the need for seamless, secure, and efficient crypto transactions grows, Stackup provides centralized control over decentralized assets, allowing businesses to take charge of every detail of their operations with ease. Our platform integrates advanced security and adaptive features to eliminate the chaos of traditional crypto wallets, empowering businesses to manage their crypto stack in real-time. Whether you're orchestrating large-scale transactions or ensuring complete transparency, Stackup's solution brings order and precision to blockchain management, turning crypto chaos into a structured, seamless business flow.
