Beyond The Exchange: Kraken Parent Payward Spends Billions To Become The Backbone Of Finance - EGamers.io -

For 15 years, Kraken's business was running a crypto exchange. Over just the past two, its parent company has spent billions of dollars on acquisitions: a

• Kraken's parent company, Payward, is aggressively acquiring financial infrastructure and services, including a futures brokerage, derivatives exchange, and plans for a European bank, to build a unified financial platform.
• The strategy, termed 'one ledger,' aims to streamline financial operations by leveraging blockchain technology to reduce intermediaries, delays, and fees.
• Payward is also partnering with traditional financial institutions like Nasdaq and the London Stock Exchange to integrate tokenized assets and market surveillance technology, positioning itself as a provider of 'Everything Financial Infrastructure'.

Topics: Infrastructure providers, Institutional adoption, Blockchain usage, Tokenization platforms, Major financial incumbents, Ethereum evm l 1 s

Tags: #payward #kraken #infrastructure #tokenization #acquisitions #banking #blockchain #oneledger #nasdaq #londonstockexchange

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Bank-run blockchains are back in style—but history suggests they will be a bust | Fortune

The lesson of 2016 shows that centralized corporate blockchains like Canton will be a hard sell.

• The article argues that centralized, permissioned blockchains favored by traditional financial institutions are unlikely to succeed, drawing parallels to a similar failed trend in 2016.
• It criticizes these 'databases controlled by a button' as lacking true decentralization and favoring corporate interests, predicting they will fail in the real world.
• The author suggests that decentralized blockchains like Ethereum will ultimately drive financial innovation, despite the current focus on enterprise solutions.

Topics: Blockchain usage, Institutional adoption, Legal regulatory, Private enterprise ledgers, Major financial incumbents, Securities law classification

Tags: #permissionedblockchains #decentralizedblockchains #cantonnetwork #jpmorgan #londonstockexchange #microsoftazure #omidmalekan #ethereum #blockchainnotbitcoin #tokenizedstocks

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Bitcoin treasury company erases 7.7M shares after selling 177 BTC - yet Bitcoin per share fell

Bitcoin treasury company Smarter Web sold 177.89 BTC to clear an $11.7M convert, but its Bitcoin per share still fell.

• Smarter Web sold 177.89 BTC to repay an $11.7M convertible instrument, reducing its Bitcoin holdings and potentially diluting Bitcoin per share.
• The company aims to simplify its capital structure and remove a near-term obligation, but the repayment resulted in a decrease in Bitcoin exposure per share.
• The next financing round will be crucial for Smarter Web to restore Bitcoin per share, considering various capital solutions like equity, debt, or internally generated cash.

Topics: Bitcoin treasuries, Public debt, Scalability, Corporate treasury strategy, Tokenized us treasuries, Growth metrics

Tags: #smarterweb #bitcoin #convertibleinstrument #sharedilution #capitalstructure #treasurymanagement #btcpershare #financing #londonstockexchange #assetbackedtoken

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From NYSE to London Stock Exchange: Why crypto is forcing everyone to activate 24/7 trading

London Stock Exchange has joined the race for 24/7 trading access as crypto platforms force traditional exchanges to rethink their strategy

• Traditional exchanges like the London Stock Exchange are planning to launch 24/7 trading platforms, driven by competition from crypto firms.
• This shift is motivated by retail investors' demand for immediate access to markets and the success of crypto platforms offering tokenized equities.
• The move aims to capture significant capital flows, particularly from emerging markets, and enhance global market accessibility.

Topics: Institutional adoption, Scalability, Asset types, Asset manager initiatives, Market depth liquidity, Equity

Tags: #247trading #londonstockexchange #cryptoplatforms #tokenizedequities #retailinvestors #etfs #nasdaq #nyse #tokenizedstocks #capitalflows

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