Latest news with #Real-WorldAsset
Cision Canada
3 days ago
- Business
- Cision Canada
KuCoin Partners with AlloyX to Explore RWA Token Collateral Mechanism Innovation, Enhancing User Asset Security and Liquidity
PROVIDENCIALES, Turks and Caicos Islands, Aug. 12, 2025 /CNW/ -- The globally leading cryptocurrency exchange KuCoin today announced a collaborative exploration with the digital financial infrastructure platform AlloyX to introduce Real-World Asset (RWA) tokens into the exchange's collateral mechanisms. This partnership will pilot the integration of RWA token RYT, issued by a traditional licensed asset management company, into KuCoin's Off-Exchange Settlement (OES) system for credit line management. The mechanisms will be gradually optimized and expanded based on market feedback. This collaboration incorporates tokenized products from the "ChinaAMC USD Digital Money Market Fund," issued by a traditional large-scale asset management institution—China Asset Management (Hong Kong) Limited—into the exchange's credit system. It represents a new attempt to drive ongoing innovation in RWA application scenarios, further penetrating and establishing connections between Web2 and Web3 assets. Crossover Initiative: Tokens Backed by Traditional Fund Assets Enter the Exchange Credit System China Asset Management (Hong Kong) Limited is a wholly-owned subsidiary of China Asset Management Co., Ltd., and is one of the earliest Chinese asset management institutions in Hong Kong to conduct overseas business. It is the issuer of the underlying asset for the RYT token—the "ChinaAMC USD Digital Money Market Fund." This fund is one of Asia's first tokenized USD funds targeted at retail investors, with fund units available for subscription and redemption in token form. Under this partnership mechanism, KuCoin will include RYT in its credit collateral list. Users holding the token can apply for credit lines in their platform accounts to support related trading operations. Backed by secure mechanisms and authentic assets, this innovative attempt provides a new use case for RWA tokens: users can earn underlying yields through holding, allowing investors to configure money market fund tokens as conveniently as other on-chain assets and increase asset allocation diversity, while also activating asset leverage value through collateralization. Notably, the underlying asset structure of RYT has undergone rigorous compliance design, with functions such as fund custodian banking, fund administration, and unit registration handled by Standard Chartered Bank in Hong Kong, offering a trustworthy asset chain under a traditional financial framework. KuCoin CEO BC Wong stated: " KuCoin has always been committed to bridging traditional finance and the crypto world through innovation. This collaboration with AlloyX to explore RWA tokens as collateral mechanisms exemplifies our dedication to providing users with secure and compliant solutions. We emphasize trustworthiness and risk control—this partnership not only elevates the platform's innovation level but also delivers reliable asset appreciation opportunities to global users, helping them manage digital assets more confidently in dynamic markets." AlloyX Co-Founder and CEO Thomas Zhu remarked: " Our focus has always been on how RWA, as an asset form, can deliver more authentic and sustainable economic functions on-chain. This cooperation with KuCoin is a pragmatic attempt centered on 'collateral mechanisms and scenario building,' not only offering users more possibilities for asset utilization but also providing the industry with opportunities for structural validation." Long-Term Significance: Activating Liquidity and Guiding Market Consensus Although RWA is still in its early development stage, its potential in institutional design, risk control, and asset-side construction is increasingly recognized by financial technology institutions. In this collaboration, AlloyX and KuCoin are linking up around RWA collateral mechanisms—not just a product-level integration test but potentially a vanguard for subsequent market standards and practical paths. From an industry perspective, incorporating traditional asset tokens as compliant collateral into mainstream exchange credit systems is expected to enhance the depth of RWA usage and liquidity, while also providing observable models for more asset issuers, platform operators, and regulators. In this context, KuCoin stated that it will continue to deepen exploratory collaborations with various parties to bring more innovative value to global users. About KuCoin Founded in 2017, KuCoin is a leading global cryptocurrency platform serving over 41 million users across 200+ countries and regions. Built on cutting-edge blockchain technology, KuCoin offers access to 1,000+ digital assets and solutions including Web3 wallet, Spot and Futures trading, institutional services, and payments. Recognized by Forbes as one of the "Best Crypto Apps & Exchanges" and a "Top 50 Global Unicorn" by Hurun, KuCoin is ISO 27001:2022 certified and committed to security, compliance, and innovation under the leadership of CEO BC Wong. Learn more: About AlloyX AlloyX Limited is a technology company that specializes in global stablecoin payments and asset tokenization. Committed to integrating traditional banking payment systems with blockchain services, AlloyX provides secure and efficient stablecoin payment services and asset tokenization solutions. The company aims to become Asia's leading stablecoin payments infrastructure and RWA tokenization technology provider. AlloyX offers embedded stablecoin wallet services and integrates various blockchain and payment solutions into its wallet and payment middle platform. The AlloyX platform also provides comprehensive solutions for stablecoin storage, payments, settlement, investment, foreign exchange, and asset tokenization, promoting the global adoption and application of stablecoin payments and tokenization technologies.
Business Insider
04-08-2025
- Business
- Business Insider
Leading RWA Ecosystem Players Launch Ascend Startup Accelerator to Fast-Track RWA Growth
Plume, Galaxy Ventures, Morpho, OKX Ventures, Anchorage Digital, Centrifuge, Keyrock, Tokenized Asset Coalition, CBI, and back a new 9-week accelerator to support early-stage protocols A coalition of top fintech and crypto leaders announces the launch of Ascend, a high-impact accelerator program designed to fast-track institutional-grade Real-World Asset (RWA) startups. The initiative is operated by Odisea and backed by a powerhouse group of ecosystem leaders: Plume, Galaxy Ventures, Morpho, OKX Ventures, Anchorage Digital, Centrifuge, Keyrock, Tokenized Asset Coalition, CBI, and These organizations will provide founders with hands-on mentorship and strategic guidance throughout the program. 'Real World Assets are gaining momentum, driven by support and interest from institutional investors, governments, and infrastructure providers looking for transparent, efficient capital solutions. RWAs are no longer speculative; the sector's growth is strategic. We're meeting this need by working together to develop the next generation of RWA leaders, equipping them with experience, resources, and access,' said Chris Yin, CEO and Co-Founder of Plume. Ascend will select six to eight early-stage teams with live products, early traction, and a focus on tokenizing real-world assets for institutional use. Participants will receive tailored support across critical areas of growth, including: Product Architecture Guidance Tokenomics & Incentive Design Support Investor Readiness & Fundraising Strategy Legal & Regulatory Structuring Go-to-Market & Growth Playbooks Community & Ecosystem Activation "Real world assets aren't a future trend—they're a present need. At Anchorage Digital, we've seen firsthand that institutional adoption hinges on more than just innovation. It requires infrastructure that's regulated, resilient, and ready to scale. Ascend gives promising founders the tools to build not just with speed, but with durability. We're proud to support the next wave of RWAs—and build together," said Nathan McCauley, CEO & Co-Founder, Anchorage Digital. Founders will work closely with mentors who've scaled billion-dollar asset platforms, gaining access to lessons learned, deep networks, and practical guidance across every stage of company building. These include Yzi Labs, Bankless Ventures, Sentora, and others. 'Real-world assets are becoming core infrastructure for digital markets. At Galaxy, we believe supporting early founders with institutional-level guidance and connectivity is essential to unlocking this next phase of growth. Ascend is providing exactly that, and we're proud to back such a focused, high-impact initiative,' said Will Nuelle, General Partner at Galaxy Ventures. The program will culminate in a showcase Demo Day, where founders will feature their progress to a curated audience of industry leaders and institutional investors. Teams that complete the accelerator will also be eligible to receive funding from a $500k discretionary fund organized by the Ascend's sponsors. 'Real-world assets represent one of the most promising frontiers for blockchain adoption, and we believe that strong infrastructure and institutional alignment are critical to its success. By backing Ascend, we aim to empower early-stage teams building foundational RWA products that meet real market needs,' said Dora Yue, Founder of OKX Ventures. Participants will gain direct access to mentors who have built and scaled billion-dollar asset platforms, offering not just theoretical advice but battle-tested expertise and network access. 'RWAs are moving from narrative to infrastructure. Ascend helps founders build the unglamorous but critical pieces, compliance, governance, distribution, and real liquidity—so institutions and retail can actually use onchain markets,' said Nicola Wang, Investment Director at YZi Labs. Applications are open and will close on August 18, 2025. The selection process includes an online application, a screening round, and final partner interviews, with final selections announced on August 22, 2025. The program will run from September 1 - October 30, 2025. Plume Plume is the first full-stack blockchain and ecosystem dedicated to real-world asset finance. With 200+ projects building on its EVM-compatible infrastructure, Plume makes it simple to tokenize and integrate real-world assets into DeFi applications, enabling anyone to interact with global financial markets through intuitive, on-chain tools. Tokenized Asset Coalition The Tokenized Asset Coalition seeks to unite traditional and crypto financial systems with the shared belief that many assets will eventually move on-chain. By addressing the inefficiencies, opacity, and fragmentation of the current financial infrastructure, the Tokenized Asset Coalition aims to spearhead the next wave of digital transformation. The founding Coalition members, including Aave Companies, Centrifuge, Circle, Coinbase, Base, Credix, Goldfinch and are on a mission to educate and advocate for shared principles and best practices and build the on-chain infrastructure of tomorrow. Galaxy Galaxy Digital Inc. (NASDAQ/TSX: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we invest in and operate cutting-edge data center infrastructure to power AI and high-performance computing, meeting the growing demand for scalable energy and compute solutions in the U.S. The Company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia. Anchorage Digital Anchorage Digital is a global crypto platform that enables institutions to participate in digital assets through trading, staking, custody, governance, settlement, stablecoin issuance, and the industry's leading security infrastructure. Home to Anchorage Digital Bank N.A., the only federally chartered crypto bank in the U.S., Anchorage Digital also serves institutions through Anchorage Digital Singapore, which is licensed by the Monetary Authority of Singapore; Anchorage Digital NY, which holds a BitLicense from the New York Department of Financial Services; and self-custody wallet Porto by Anchorage Digital. Recently, through the enactment of GENIUS, Anchorage Digital Bank became the only U.S., federally regulated, and GENIUS-compliant stablecoin issuer bank. The company is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with its Series D valuation over $3 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Morpho Morpho is the most trusted onchain lending network with $9B+ in deposits. Businesses can connect to Morpho's open infrastructure to power any lending or borrowing use case at scale, including embedded crypto-backed loans and custom yield solutions. OKX Ventures OKX Ventures is the investment arm of the global leading crypto exchange and Web3 technology company OKX, with an initial capital commitment of USD100 million. It focuses on exploring the best blockchain projects on a global scale, supporting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value. Through its commitment to supporting entrepreneurs who contribute to the development of the blockchain industry, OKX Ventures helps build innovative companies and brings global resources and historical experience to blockchain projects. Keyrock Founded in Brussels in 2017, Keyrock is a global crypto investment firm leading in market making, OTC, and options trading for digital assets. Providing liquidity to over 85 centralized and decentralized venues worldwide, their 170-strong team operates across 37 countries, with entities in Belgium, the UK, Switzerland, France, and the U.S. Keyrock's commitment to the industry is practical, not theoretical. They offer in-depth industry insights, co-create DeFi ecosystems, and actively support Web3 startups. With Keyrock, the future of digital assets is not just envisioned; it's actively being built Centrifuge Centrifuge empowers asset managers to tokenize, manage, and distribute their funds onchain, while providing investors access to a diversified portfolio of tokenized assets. Founded in 2017 and backed by leading VCs, Centrifuge has been a driving force in the institutional adoption of tokenized assets and has championed industry initiatives including the Tokenized Asset Coalition, the Real-World Asset Summit, and the creation of widely recognized token standards. Commercial Bank International (CBI) Commercial Bank International (CBI) is a leading UAE bank dedicated to empowering businesses and individuals through innovative, personalised, and growth-focused banking solutions. Established in 1991 and headquartered in Dubai, CBI offers a diverse range of services, including corporate, retail, and Islamic banking solutions. Leveraging its innovative capabilities, CBI provides bespoke banking services to help clients achieve their ambitions. CBI is listed on theAbu Dhabi Securities Exchange (ADX) and is regulated by the Central Bank of the UAE and the Securities and Commodities Authority (SCA). Contact
Associated Press
24-07-2025
- Business
- Associated Press
Globally Recognized Cryptocurrency Attorney, Blockchain Designer Bolsters Spencer Fane Financial Services Practice in Denver
DENVER, July 24, 2025 (Bitwire) -- Spencer Fane LLP is pleased to welcome Emma Channing to the firm's Denver office as a partner in the Banking and Financial Services practice group. Channing advises digital asset, blockchain technology, and cryptocurrency companies operating as token issuers, funds, trading platforms, banking entities, and registered broker-dealers; and U.S. and international traditional financial services firms and funds looking to gain exposure or entrance into digital assets. Throughout more than two decades in practice, she has gained significant experience across several key aspects of digital asset transactions, including entity formation, corporate counseling and compliance law, mergers and acquisitions, and emerging securities and financial regulation. At the forefront of Channing's highly agile and constantly evolving legal practice is Real-World Asset (RWA) tokenization, including stablecoins. An early adopter of progressive cryptocurrencies, she has been involved with some of the first tokenized funds and contributed to the blockchain platform design of a digital securities company for which she served as a FINRA registered representative. Prior to joining Spencer Fane, Channing was the founder, CEO, and general counsel of the Satis Group, which coordinated legal, broker-dealer, and technology support for tokenization for financial services clients. 'We are excited to welcome Emma to our diverse financial services practice at a pivotal time for the digital asset space,' said Spencer Fane Chair Patrick J. Whalen. 'In addition to building out this rapidly growing legal subsector, she aligns wonderfully with the firm's collaborative culture and new organizational structure, which gives attorneys autonomy to form specialized practices that better serve clients and emerging market needs.' An influential voice in shaping cryptocurrency legislation across Colorado, California, New York, and Wyoming, Channing has testified before the Wyoming Blockchain Task Force - the leader of blockchain legislation progression in the U.S. - and the U.S. House of Representatives Subcommittee on Digital Assets, Financial Technology and Inclusion on how RWA tokenization can facilitate more efficient financial markets. A U.K. native, Channing has similarly established herself in international M&A and capital markets, working for major international law firms early in her career. Her pioneering work in cryptocurrency is also recognized globally, though she dedicates herself to the specific advancement of U.S. compliance and regulatory policy as she promotes increased accessibility in the space. Channing earned her Bachelor of Laws degree, the U.K. equivalent to a Juris Doctor, from Durham University, then went on to obtain her Master of Laws from Durham University and, later, Stanford University Law School. About Spencer Fane Spencer Fane is a full-service business law firm focused on providing results that move clients and their businesses forward. With direct access to firm leadership and a different approach to client engagement, its attorneys instill confidence and certainty that the clients' interests are the firm's priority. The firm has offices in Phoenix, Arizona; San Jose (Silicon Valley) and Santa Monica (Los Angeles), California; Denver, Colorado; Tampa, Florida; Overland Park, Kansas; Minneapolis and St. Cloud, Minnesota; Cape Girardeau, Jefferson City, Kansas City, St. Louis, and Springfield, Missouri; Omaha, Nebraska; Las Vegas, Nevada; Santa Fe, New Mexico; Oklahoma City, Oklahoma; Greenville, South Carolina; Dakota Dunes, South Dakota; Hendersonville and Nashville, Tennessee; Austin, Dallas, Galveston, Houston, and Plano, Texas; Salt Lake City and St. George, Utah; and Washington, D.C. For more information, visit or follow @spencerfane. Contact: Ross Martin | [email protected] # # #
Business Insider
14-07-2025
- Business
- Business Insider
BSGM Engages CXG to Acquire FINRA/SEC-Registered Broker-Dealer to Expand Publicly Traded RWA Tokenization Operations
Will Position Streamex as one of the first NASDAQ-listed SEC and FINRA Compliant Issuers of RWA Tokens in the U.S. BioSig Technologies, Inc. (NASDAQ: BSGM) ('BioSig'), which recently merged with Streamex Exchange Corporation ('Streamex') (together, 'BSGM' or the 'Company'), is excited to announce a critical step toward becoming one of the first fully regulated Real-World Asset ('RWA') tokenization companies trading on a major United States exchange: Streamex has engaged Compliance Exchange Group (CXG) to lead and manage the acquisition of a specific FINRA and SEC-registered broker-dealer with licensed operations. Acquisition of the broker-dealer, once complete, will create an entity with a significant first-mover advantage in U.S.-major-exchange-traded RWA-backed tokenized investment opportunities for both major institutional and retail investors in the U.S. This capability is expected to significantly accelerate adoption and network effect growth of Streamex's proprietary on-chain RWA commodity market platform. The Company will also continue to seek out other broker-dealer opportunities in other strategically advantageous countries. Management notes that the near-term vision is to provide access to fully compliant, gold-backed tokenized assets for U.S. institutional and retail investors targeting the $22 trillion global gold market within the $142 trillion commodities sector, while engaging network-effect-based accelerating growth for the Streamex proprietary on-chain RWA-backed commodity exchange and financing ecosystem. First-Mover Advantage: Streamex will be among the first Nasdaq-listed companies to issue regulated, gold-backed RWA tokens. Regulatory Compliance: Full compliance with both FINRA and SEC regulations, aligning with emerging U.S. digital asset frameworks. Scalable Platform: Streamex's Solana-based blockchain enables fast, low-cost issuance and trading of gold-backed tokens, making gold investment accessible to all, with additional commodities markets to come. Gold-Backed Growth: Streamex aims to hold significant quantities in vaulted gold by 2026, denominating its balance sheet in physical gold to support a recurring revenue model. Why It Matters Near term, the acquisition positions Streamex to bridge traditional finance and blockchain, offering a seamless way to invest in physical gold through digital tokens. Investors can buy fractional shares of gold with the ease of cryptocurrency, while businesses gain new ways to raise capital. This move aligns with global trends, as institutions like BlackRock and Goldman Sachs tokenize billions in assets, and U.S. regulators begin to clarify digital asset rules. 'The acquisition will be a defining moment for Streamex and BioSig,' said Henry McPhie, CEO of BioSig and Co-Founder of Streamex. 'Acquiring a regulated broker-dealer will help us build the infrastructure to lead the gold tokenization market in the U.S. Our Nasdaq listing and gold-backed platform will unlock unprecedented opportunities for investors and reshape the $22trillion gold market.' Morgan Lekstrom, Executive Chairman of the Company, added: 'Tokenizing gold is the future of commodity finance. Streamex's regulated approach and public market presence make it a pioneer in this transformative space, with the potential to redefine how investors access real assets.' About the Acquisition The FINRA and SEC-registered broker-dealer, with a presence in the U.S., will provide Streamex with the regulatory framework to issue and trade tokenized assets under federal securities laws. Compliance Exchange Group (CXG), a leader in broker-dealer compliance, will oversee the acquisition to ensure seamless integration and adherence to regulations. This acquisition is a critical step toward scaling Streamex's RWA tokenization platform nationwide. Streamex is a gold treasury and infrastructure company building the foundation for on-chain commodity markets. With a focus on real-world asset (RWA) tokenization, Streamex is developing a vertically integrated platform that combines token issuance, trading infrastructure, and physical gold holdings, positioning the Company to become one of Nasdaq's largest public holders of gold bullion. This strategic approach aligns with Streamex's mission to reshape global finance by bringing the approximately $142 trillion global commodities market on chain. By merging the security and trust of physical gold with the efficiency and transparency of blockchain, Streamex is creating scalable financial infrastructure for a new era of digital commodities. The Company plans to hold significant quantities of physical gold, securely vaulted through a top-tier bullion bank. Streamex will denominate the majority of its balance sheet in vaulted gold rather than fiat currency, supporting a long-term, value-based financial model. Combined with Streamex's Solana-based blockchain infrastructure, this strategy enables a recurring revenue model that supports the issuance of gold-backed digital assets. Streamex is a wholly owned subsidiary of BioSig Technologies, Inc. CXG specializes in building, managing, and supporting Broker-Dealer infrastructure, offering full-service compliance, registration, principal outsourcing, and advisory services. About BioSig Technologies, Inc. BioSig Technologies, Inc. is a medical device technology company with an advanced digital signal processing technology platform, the PURE EP Platform, that delivers insights to electrophysiologists for ablation treatments of cardiovascular arrhythmias. The PURE EP Platform enables electrophysiologists to acquire raw signal data in real-time—absent unnecessary noise or interference—to maximize procedural success and minimize unnecessary inefficiencies. As physician advocates, we believe that the ability to maintain the integrity of intracardiac signals with precision and clarity without driving up procedural costs has never been more pertinent. Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words 'intends,' 'may,' 'will,' 'plans,' 'expects,' 'anticipates,' 'projects,' 'predicts,' 'estimates,' 'aims,' 'believes,' 'hopes,' 'potential,' or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond our control. It is possible that our actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements, depending on factors including whether we will be able to realize the benefits of the acquisition of Streamex, whether shareholder approval of the acquisition will be obtained, and whether we will be able to maintain compliance with Nasdaq's listing criteria in connection with the acquisition and otherwise. For a discussion of other risks and uncertainties, and other important factors, any of which could cause our actual results to differ from those contained in forward-looking statements, see our filings with the Securities and Exchange Commission, including the section titled 'Risk Factors' in our Annual Report on Form 10-K, filed with the SEC on April 15, 2025. We assume no obligation to publicly update or revise our forward-looking statements as a result of new information, future events or otherwise, except as required by law. Contacts Press Contact Phoenix MGMT Henry McPhie
