According to the firm, NENYA will offer stablecoin issuers a unified reserve optimisation and intelligence platform, and for banks, “safer, broader participation” in the stablecoin economy
The platform features the firm’s separately managed accounts function, in which clients retain legal ownership of their Bitcoin while gaining exposure to Annamite’s asset-specific yield programme
Midnight aims to bring fixed-rate and fixed-term lending up to the institutional standard necessary to manage risk, returns, duration, and regulatory capital
Through its US-regulated bank, BitGo will offer institutional-grade qualified custody and off-exchange settlement for the onchain sovereign bond, which is collateralised one-to-one by short-term US Treasuries
Settlement support for the Kenyan shilling, Tanzanian shilling, Rwandan franc, and the Ugandan shilling has been added, aiming to eliminate frictions typically associated with TradFi cross-border payments
The proof of concept’s first phase saw Hyundai Motor America convert US$20,000 into USDT, Tether’s stablecoin, which was then transferred to Hyundai Motor de México before being converted back into US dollars
Hilbert Finance is built on the platform and technology acquired through Nordark, a Swedish crypto banking and digital finance platform, and it will sit alongside the group’s asset management operations
Executed on Tradeweb, the trade paired an onchain US Treasury with tokenised cash, while leveraging the Canton Network's synchronised settlement capabilities
Institutional and hedge fund clients using the solution will gain direct access to EDX’s trading and clearinghouse options within FlexTrade’s execution management systems
Institutions in Brazil will gain a dedicated cross-border liquidity solution, designed to reduce constraints on the movement and settlement of funds internationally compared to TradFi banking systems
The firm has integrated BENJI in a bid to optimise and manage its treasury operations, gaining 24/7 onchain access to the yield-bearing tokenised money market fund
According to the firms, the move is one of the first instances of a fully onchain replication of the structural protections underpinning institutional credit markets, with the facility using the warehouse financing model
