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Tomorrow, First. News and intelligence for the agentic economy

  • Nexo and Fidelity Digital Assets expand institutional lending services

    Nexo, a globally regulated crypto-collateralized credit provider, has announced a partnership with Fidelity Digital Assets, an execution and custody services provider, to establish a platform to provide institutional access to digital assets with custodial and lending services, according to a news release shared with Forkast.News. Fast facts The partnership will allow Nexo to establish an…

  • Crypto exchange Coinhako secures investment from SBI, Sygnum, Azimut

    Singapore-based cryptocurrency trading platform Coinhako has received backing from the SBI-Sygnum-Azimut Digital Asset Opportunity fund, with the fundraising round being three-times oversubscribed, according to a statement released today. Fast facts The fund is a venture capital fund co-managed by Japan’s SBI Group, Switzerland’s Sygnum Bank — which claims to be the world’s first digital asset…

  • Japan may limit stablecoin issuers to banks, wire transfer companies

    Japan’s Financial Services Agency (FSA) is planning a legislative proposal for the upcoming year to restrict the issuance rights of stablecoins to banks and wire transfer companies, according to a Nikkei Asia report. Fast facts The FSA’s decision to limit the issuance is meant to lower risks for stablecoin users, as FSA-authorized banks and wire…

  • Kotak 1st major Indian bank to embrace crypto with WazirX partnership

    Kotak Mahindra Bank, a leading private bank in India, has struck a partnership with crypto exchange WazirX, the Economic Times reported. Fast facts WazirX has opened an account with Kotak that can be used to pay and receive money from investors, according to the ET report. The account will be activated after the completion of…

  • OpenSea’s 1st CFO wants to take company public, but some users are not happy

    Brian Roberts, who recently resigned from ride-sharing firm Lyft, has become the first CFO of OpenSea and is charting a course for its initial public offering, according to a Bloomberg report. Fast facts Roberts, who previously worked at Microsoft and Walmart, is set to step down after a seven-year stint at Lyft. Roberts will, however, continue…

  • Chinese video site Bilibili tests ‘UPowerchain’ to develop metaverse

    Bilibili — one of China’s biggest video sites particularly known for its content dedicated for anime, comics and games fans — is testing its blockchain UPowerchain that could help the company build its metaverse business, as Chinese tech giants are sparing no efforts to enter the metaverse space. Fast facts Bilibili has confirmed with Forkast.News…