Latest news with #digital assets
Bloomberg
6 hours ago
- Business
- Bloomberg
Ether Leads Weekend Crypto Rally as Treasury Buyers Boost Token
Second-ranked cryptocurrency Ether outpaced rivals over the weekend to lead a broad rally in digital assets, as demand from institutional investors and corporate treasury buyers builds. Ether rose as much as 2.9% on Monday morning in Asia to more than $4,300, its highest level since Dec. 2021, while Bitcoin topped $121,000 to come within striking distance of a record-high.
Yahoo
4 days ago
- Business
- Yahoo
Actelis Networks Announces Approval of Cryptocurrency Treasury Strategy to Diversify Balance Sheet and Create Long-Term Shareholder Value
Board authorizes strategic allocation to established digital assets as part of enhanced treasury management approach FREMONT, Calif, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Actelis Networks, Inc. (NASDAQ: ASNS) ("Actelis" or the "Company"), a market leader in cyber-hardened, rapid deployment networking solutions for IoT and broadband applications, today announced that its Board of Directors has approved a new treasury management strategy that includes the strategic allocation of corporate funds to cryptocurrencies as part of the Company's broader capital allocation framework. The Board has authorized management to diversify the Company's treasury holdings through selective investments in established digital assets that meet specific criteria, including cryptocurrencies ranked within the top 100 by market capitalization, trading on major exchanges, at a minimum market capitalization of $500 million. This approach is designed to provide enhanced financial flexibility while pursuing potential long-term capital appreciation opportunities. "This strategic enhancement to our treasury management is part of our commitment to accelerating long-term value for shareholders through prudent diversification of our balance sheet," said Tuvia Barlev, Chairman and CEO of Actelis. "Following a thorough evaluation of available alternatives and the growing institutional adoption of digital assets, our Board and management team believe that a measured allocation to established cryptocurrencies will contribute positively to our capital deployment plans while maintaining the appropriate risk management protocol." The cryptocurrency treasury strategy complements the Company's continued focus on its core networking solutions business across Federal/Military, Smart City/Intelligent Transportation, and Multi-Dwelling Unit markets. The Company intends to implement this strategy in a balanced manner with adequate working capital for operational requirements and continued investment in growth initiatives in its core business. About Actelis Networks, Inc. Actelis Networks, Inc. (NASDAQ: ASNS) is a market leader in hybrid fiber-copper, cyber-hardened networking solutions for rapid deployment in wide-area IoT applications, including government, ITS, military, utility, rail, telecom, and campus networks. Actelis' innovative portfolio offers fiber-grade performance with the flexibility and cost-efficiency of hybrid fiber-copper networks. Through its "Cyber Aware Networking" initiative, Actelis also provides AI-based cyber monitoring and protection for all edge devices, enhancing network security and resilience. For more information, please visit Forward-looking Statements This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements, and include statements regarding the implementation of the Company's cryptocurrency treasury strategy and potential benefits thereof. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results to differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company's filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Contact: ARX | Capital Markets AdvisorsNorth American Equities Desk actelis@
Bloomberg
5 days ago
- Business
- Bloomberg
JPMorgan Names New Global Co-Head of Blockchain Division
JPMorgan Chase & Co. has appointed a new global co-head of its blockchain division Kinexys. Based in Edinburgh, Kara Kennedy will lead Kinexys alongside Naveen Mallela, according to a JPMorgan spokesperson. Kennedy will oversee Kinexys Digital Assets, which focuses on asset tokenization, and Kinexys Labs, which helps clients prototype blockchain projects. Mallela, who is based in Singapore, will continue to run the payments divisions, including Kinexys Digital Payments and Kinexys Liink.
Yahoo
5 days ago
- Business
- Yahoo
Ripple's Partnership With BDACS Pays Off as XRP Support Goes Live at Korean Crypto Custodian
XRP is now live on BDACS, a regulated crypto custodian for South Korean institutions, marking the first concrete outcome of Ripple's custody partnership announced in February. BDACS talked about the launch in a post made Aug. 5 on X. The firm said it will offer custody support for XRP, which it described as one of the most popular digital assets in South Korea. This update follows a partnership announced Feb. 26 with Ripple, the U.S.-based blockchain company that developed the XRP Ledger and its native token. When the partnership was announced in February, BDACS said the deal aligned with South Korea's Financial Services Commission roadmap, which seeks to expand institutional participation in the country's digital asset market. At the time, the firm said it would support both XRP and RLUSD, Ripple's U.S. dollar–denominated stablecoin, using Ripple Custody, a software platform built for institutions to store and manage digital assets securely. The Aug. 5 launch puts that plan into effect, giving institutional clients regulated access to XRP in South Korea. In the Feb. 26 press release, BDACS said the partnership was intended to support developers building on the XRP Ledger and help expand use cases for tokenization and stablecoin adoption. The firm also cited research projecting that crypto custody could reach $16 trillion in assets by 2030 and that 10% of global GDP could be tokenized by then. At the time, Fiona Murray, Ripple's managing director for the Asia-Pacific region, said the collaboration came amid rising market activity and evolving regulatory conditions in South Korea. BDACS CEO Harry Ryoo said the firm aimed to provide secure and compliant custody services to support Ripple's blockchain initiatives. XRP is the native token of the XRP Ledger, a layer 1 blockchain designed for low-cost, scalable transfers of digital and tokenized assets. RLUSD is Ripple's stablecoin, backed by dollar reserves and targeted at enterprise and financial institutions. BDACS has also partnered with Avalanche, Polymesh and Woori Bank, and participates in projects within the blockchain regulation-free zone in Busan. In its February release, the firm said its collaboration with Ripple supported efforts to expand institutional custody services under Korea's regulatory framework. As of the time of writing, XRP was trading at $2.97, down 3.4% in the past 24 hours, according to CoinDesk Data.
Entrepreneur
6 days ago
- Business
- Entrepreneur
The Hidden Problems That Could Threaten Crypto's Future
Opinions expressed by Entrepreneur contributors are their own. With an estimated 5% of the global population owning some form of crypto, there have been great strides in educating the wider market. Indeed, seeing the growth in institutional investment around crypto is a positive sign. With 86% of institutional investors either planning or already having exposure to digital assets this year, it's easy to think it's all plain sailing from here. But beneath the surface, problems still persist. For institutional investors, clearing and settlement remains a fragmented, risky, opaque process. If left unaddressed, the market could expose itself to significant risk in the future. While it's easy to focus on increased trading, we need to ensure the back-end of the investment is robust enough to address this demand. Related: 5 Things to Know Before You Invest in Cryptocurrency Easiest is not always the best For traditional investors looking to get involved in crypto, an ETP will likely be a popular choice. It's familiar, understandable, and — on the surface — seems safe. Indeed, with institutional adoption rates reaching up to 57%, many investors will likely be using an ETP in their trades. However, just because this product is familiar does not mean it is without fault. Due to its conventional infrastructure, an ETP introduces an additional layer to the trade that requires attention. Regardless of how the issuer operates, the net results of their trades still need to be logged on the blockchain. At the very least, this creates added friction in the trade. At most, it risks making investments lack the transparency that underpins blockchain. The risks of fragmentation When investors trade crypto with an ETP, they trade in the shadows. The transaction is logged on a private ledger, not the public blockchain. The issuer's actual bitcoin holdings may be transparent on the blockchain at the fund level, but individual trades won't be. Creating this layer of uncertainty puts ETPs at odds with the transparency of the blockchain. In doing so, it starts fragmenting the system — simply because the clearing process has become vague. While crypto ETPs may try to reassure investors, they can increase risk. As crypto enters into more traditional markets, we will likely see more of these issues arise. While the blockchain may be transparent and immutable, the institutions it is integrating with may not be. But it's more than trust that's at stake. A lack of robust clearing and settlement processes slows down trades and ultimately makes them more expensive. Related: Building Trust In the Cryptocurrency Market: Solution To the High-Risk Problem For Newcomers Meeting in the middle Despite the challenges it presents, it does not mean we need to move away from crypto ETPs. Instead, it's about reconciling these issues or preventing them altogether. To enable this, we need to establish a decentralized clearing layer for institutional investors. Achieving this requires utilizing two key components: state channels and decentralized protocols. A state channel would act as a private tab to an existing blockchain. This would allow ETPs to be traded back and forth with transparency. However, unlike logging each trade on the blockchain itself, a state channel would be faster and cheaper for those involved. Using state channels, ETP issuers could have increased trust in the underlying infrastructure of their trade. Issuers can negotiate trades quickly while still providing the transparency of a publicly traded trade. As a result, operational costs can be reduced, and trust increases. However, establishing state channels in institutional trades is not enough. There also needs to be an objective, robust and fair process to ensure these trades are accurate. Decentralized protocols would remove any single ownership of these trades, creating guidelines and rules that are monitored objectively. In doing so, the clearing process would not be subject to manipulation or error while also being equitable to all users. By creating these decentralized clearing networks, we create a better environment for institutional investing in crypto. Liquidity can be better linked, frictions can be reduced, and investors can feel safe in their deals. Related: Understanding the Investment Landscape in the Crypto Market Looking under the hood Maturity in any market requires several components to come together. One of those is naturally increased investment and interest from existing institutions. However, when it comes to crypto, that uptick in institutional capital comes with an integration problem. To establish long-term maturity in the crypto market, we need to establish the right underlying processes. Clearing and settlement is a core part of that, and currently, it is a flawed and expensive element of the trade. Fortunately, we are still in the early stages of institutional engagement. There is still time to establish the best practices that would create a robust foundation for crypto's relationship with institutional investment. At this point, the traditional finance world and the crypto market must align on this issue. In doing so, they not only build a safer market but also allow crypto to become a more valued sector within the wider financial market.
