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From floppy disks to staking: Hong Kong is rewriting the financial rules with blockchain
In her speech at the Web3 Festival 2025 in Hong Kong, Ms. Christina Choi – Executive Director of the Hong Kong Securities and Futures Commission (SFC) – announced an important advancement: licensed digital asset trading platforms in Hong Kong will officially be allowed to provide staking services if they meet the strict conditions set by the regulatory body.
This move further solidifies Hong Kong's pioneering position as Asia's leading digital financial hub – and a rare bright spot in the still unstable legal landscape for crypto globally.
This move further solidifies Hong Kong's pioneering position as Asia's leading digital financial hub – and a rare bright spot in the still unstable legal landscape for crypto globally.
State Street and Citi Bank to launch crypto custody services
#StateStreet and #CitiBank are set to launch crypto custody services, marking a significant move in the growing digital asset industry. State Street, managing over $44 trillion in assets, and Citi Bank with around $2.14 trillion, are responding to the evolving regulatory environment following the Federal Reserve’s recent stance on crypto.
#StateStreet and #CitiBank are set to launch crypto custody services, marking a significant move in the growing digital asset industry. State Street, managing over $44 trillion in assets, and Citi Bank with around $2.14 trillion, are responding to the evolving regulatory environment following the Federal Reserve’s recent stance on crypto.
😱🇺🇲 US giant bank State Street and Galaxy will launch crypto ETFs🔥🚀
The approval of #Bitcoin spot ETFs by the SEC on January 10 ensured that many member rights are preserved in the United States. #statestreet , one of the country's largest banks, and Galaxy Digital have partnered to launch ETFs that invest in cryptocurrencies. While State Street will manage the funds, Galaxy Digital will be responsible for daily operations.
Galaxy Digital ETF partnership was established with State Street bank, which has 4.3 operations assets under management. The ETFs that will be issued will invest in cryptocurrencies. The funds will be managed by State Street's investment involvement, State Street Global Advisors, and Galaxy's respective investment involvement, Galaxy Asset Management.
What type of companies will you invest in?
According to the announcement made by State Street to the SEC, the name of the fund will be SSGA Active Fund. The application is currently awaiting approval from the SEC. ETF; It will invest in crypto capital market instruments, contracts with cryptocurrency funds and spot crypto ETFs. The ETFs' investment companies will mostly be blockchain software firms, Bitcoin miners, exchanges and crypto payment providers.
It was stated that the joint formation of the two companies is the reason why the interest in cryptocurrency is increasing day by day and the budget for such investment instruments is increasing, therefore investments exceeding the amount of Bitcoin are needed.
State Street Bank will be responsible for fund management and accounting, and Galaxy will be responsible for daily operations.
#BTC #US #ETF
The approval of #Bitcoin spot ETFs by the SEC on January 10 ensured that many member rights are preserved in the United States. #statestreet , one of the country's largest banks, and Galaxy Digital have partnered to launch ETFs that invest in cryptocurrencies. While State Street will manage the funds, Galaxy Digital will be responsible for daily operations.
Galaxy Digital ETF partnership was established with State Street bank, which has 4.3 operations assets under management. The ETFs that will be issued will invest in cryptocurrencies. The funds will be managed by State Street's investment involvement, State Street Global Advisors, and Galaxy's respective investment involvement, Galaxy Asset Management.
What type of companies will you invest in?
According to the announcement made by State Street to the SEC, the name of the fund will be SSGA Active Fund. The application is currently awaiting approval from the SEC. ETF; It will invest in crypto capital market instruments, contracts with cryptocurrency funds and spot crypto ETFs. The ETFs' investment companies will mostly be blockchain software firms, Bitcoin miners, exchanges and crypto payment providers.
It was stated that the joint formation of the two companies is the reason why the interest in cryptocurrency is increasing day by day and the budget for such investment instruments is increasing, therefore investments exceeding the amount of Bitcoin are needed.
State Street Bank will be responsible for fund management and accounting, and Galaxy will be responsible for daily operations.
#BTC #US #ETF
🚨 Breaking Emergency Market Insights: State Street Corp. Explores Stablecoin & Token Launch! 🚀
Key Points:
1. *Stablecoin Launch:* State Street Corp. considers launching its own stablecoin to enhance blockchain-based payment solutions.
2. *Deposit Token:* The corporation also explores launching a deposit token to further expand its payment offerings.
3. *Blockchain-Based Payments:* State Street aims to enhance its payment solutions using blockchain technology.
4. *Innovative Move:* This move marks a significant step towards mainstream adoption of cryptocurrencies and blockchain technology in the financial sector.
5. *Increased Efficiency:* The launch of a stablecoin and deposit token is expected to improve payment efficiency and reduce costs.
6. *Expanded Services:* This development may lead to a wider range of services offered by State Street, including custodial and asset management solutions.
Stay ahead in the market with the latest updates!
🔔 Stay informed! 🔔
✅ Like 👍 | Comment 💬 | Retweet 🔁 |
Follow me for more updates! 👉 @Kaleem Crypto Mehfil KCM
Let's keep the conversation going! 💬
#KaleemsCryptoMehfilKCM #statestreet #Megadrop #BinanceTournament #BinanceTurns7
Key Points:
1. *Stablecoin Launch:* State Street Corp. considers launching its own stablecoin to enhance blockchain-based payment solutions.
2. *Deposit Token:* The corporation also explores launching a deposit token to further expand its payment offerings.
3. *Blockchain-Based Payments:* State Street aims to enhance its payment solutions using blockchain technology.
4. *Innovative Move:* This move marks a significant step towards mainstream adoption of cryptocurrencies and blockchain technology in the financial sector.
5. *Increased Efficiency:* The launch of a stablecoin and deposit token is expected to improve payment efficiency and reduce costs.
6. *Expanded Services:* This development may lead to a wider range of services offered by State Street, including custodial and asset management solutions.
Stay ahead in the market with the latest updates!
🔔 Stay informed! 🔔
✅ Like 👍 | Comment 💬 | Retweet 🔁 |
Follow me for more updates! 👉 @Kaleem Crypto Mehfil KCM
Let's keep the conversation going! 💬
#KaleemsCryptoMehfilKCM #statestreet #Megadrop #BinanceTournament #BinanceTurns7
State Street plans to launch its own stablecoin - Bloomberg 💸
The management company is considering cryptocurrency settlement options
The timeline for implementation has not yet been determined
Investment company manages $4.12 trillion in assets 💲
#statestreet #Stablecoins #CryptoNewss
The management company is considering cryptocurrency settlement options
The timeline for implementation has not yet been determined
Investment company manages $4.12 trillion in assets 💲
#statestreet #Stablecoins #CryptoNewss
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