US Institutional Crypto Exchange Expanding To Asia

It has been reported that the U.S.-based institutional cryptocurrency exchange Seed CX is expanding its operations in Asia.

This was made possible through its partnership with Singapore-based fintech company Hydra-X.

Seed CX will integrate its trading platform with Hydra X’s platform Sigma which is currently on public beta stage.

According to Hydra X CEO Daryl Low Sigma trading platform aims to create a truly integrated cross-asset and cross-venue ecosystem by offering a seamless user experience across different asset classes and trading venues.

Seed CX co-founder and CEO Edward Woodfort on the other hand commented that Seed CX aims to be the preeminent exchange for institutions that wish to trade in digital assets, connecting to platforms like Sigma is part of their strategy to realize this.

Real-World Asset Tokenization Platform To Launch In Dubai

Darico has recently announced a new tokenization platform that will allow real-world assets such as property, art and commodities to be tokenized and be transformed into security tokens.

The company believes that this new platform will transform the way the world invests, trades and transfer value.

DGTO is the latest financial service Darico is offering which provides business owners and developers with all the tools needed to tokenize assets into security tokens.

These tools also include legal, technical, marketing and sales expertise from the company.

The new service will join Darico’s ecosystem of five products being developed allowing the new tokenization platform to be traded instantaneously on an existing and operating secondary market.

With this new platform Darico wants to become a market leader in the tokenization of real estate after it announced a partnership with RDK Commercial Investment, one of United Arab Emirates premier private property provider.

Finance Researcher Believes Bitcoin ETF Will Increase Demand And Price Of BTC

A finance researcher who is the chief strategy advisor to Security Token Academy as well as an associate professor at the University of Oregon, Stephen McKeon, reveals that a Bitcoin(BTC) ETF will give institutional investors greater bitcoin access increasing demand and its Price.

According to McKeon an approval of an ETF will make Bitcoin exposure more easily attainable to a larger pool of investor would have a positive effect on its price if there is a latent demand that being suppressed due to lack of accessibility.

He also predicts that crypto tokenized assets will contribute to the world economy especially in real estate industry in which It will reduce issuance, trading and capital cost.

He further explains that technological progress coupled with reduction of cost will lead to an increase in capital formation globally.

The esteemed professor admits that on the near term fiat currencies will continue to be the more prevalent currency and fiat-pegged digital assets will continue to be on the rise, however as more adoption occurs and more stability in the markets there will be less need for stablecoins.

Shopify Bitcoin Lightning Network Plugin To be Launched By OpenNode

It has been reported that Shopify has recently enabled its users to accept cryptocurrencies through a new plugin that allow its users to exchange value using digital currencies.

The Shopify plugin was released by OpenNode and will utilized the Lightning Network, a secondary scaling solution that allows faster and cheaper settlement for Bitcoin Transactions.

The initiative is aimed to drive bitcoin adoption to the masses by creating an easy avenue where merchants from all over the globe can accept Bitcoin (BTC).

The platform is a simple and reliable payment stack offering easy to use ecommerce and retail plug-in solution, payment infrastructure and API’s for developers.

According to Shopify’s CEO Tobi Lutke, merchants love their platform as it enables them to sell, anywhere and anytime, recording a 68% year over year jump in revenue.

With its recent integration it hope to bring in the platform the fastest growing payments network in the world.

Internet Giant Kakao Partners With Irish Startup For A Blockchain Initiative

The South Korean internet giant Kakao have recently partnered with an Ireland-based ticketing startup to develop a blockchain-based payment system.

The partnership entails the usage of Kakao’s blockchain technology Klaytn , a blockchain payment system and analytics application, by the Irish starup, Festy.

Kyatlyn was developed by Kakao’s subsidiary GrounX and have reported able raise $90 million dollars from investors through a private initial coin offering.

The partnership was announced last March 22, 2019 and is planned to launch in July 2019.

According to Graham de Barra, the Founder of Festy, the platform will be a fully auditable platform based on blockchain technology and will allow a more transparent system where customers can get remunerated for contributing towards big data.

Kakoa’s partnership with Festy is part of its strategy to expand the use case of its own blockchain, Klaytn which was formally announce Q1 of 2019.

It has also been reported that Kakao as partnered with a Stablecoin initiative called Terra which will use the Klaytn platform as a blockchain-based payment system.

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