Zodia Custody, the Standard Chartered-backed digital asset custody platform, is in the process of raising $50 million in a new funding round that will support its expansion into new markets and the expansion of its services. Julian Sawyer, CEO of Zodia, explained to Bloomberg that the firm seeks to attract investors from the payments and tokenization sector, with the advice of Architect Partners, a firm specialized in cryptocurrencies.
This fundraising effort comes a few months after the financing round led by SBI Holdings, which contributed $36 million in April 2023. Zodia Custody has expanded its capabilities, and in June developed a strategic alliance with 21Shares to offer custody of exchange-traded products (ETPs) essentially backed in Europe and Switzerland, reinforcing its commitment to security and compliance for investors.
Ethereum-celebra-11-anos-de-su-primer-libro-blanco-y-reafirma-su-impacto-en-el-mundo-de-las-finanzas-descentralizadas”>Ethereum celebrates 11 years of its first white paper and reaffirms its impact in the world of decentralized finance
This month, Ethereum celebrates the 11th anniversary of the publication of its “proto-white paper,” the first white paper that Vitalik Buterin shared in 2013, where he introduced the concept of smart contracts and laid out a vision for a platform for decentralized contracts and applications. .
Inspired by Bitcoin, Buterin devised a red Blockchain capable of executing self-executing contracts that have laid the foundation for the current decentralized finance (DeFi) industry.
Since then, Ethereum has become the heart of DeFi, facilitating services such as lending and exchanges without centralized intermediaries. According to James Wo, CEO of DFG, the Ethereum model allows an alternative to traditional banking systems in a transparent and trustless manner, driving a transition towards a decentralized financial system.
Investments in cryptocurrencies reach an all-time high driven by electoral uncertainty in the United States
Last week, Cryptocurrency investments exceeded $2.17 billion, bringing the cumulative total for the year to $29.2 billion, an unprecedented figure that raised assets under management (AUM) in the crypto sector to more than $100 billion. , a level previously seen only in June 2024. This massive flow of capital reflects renewed investor interest, particularly in Bitcoin, which attracts the bulk of investments.
According to the latest CoinShares report, the anticipation of the US elections and the possible victory of the Republican Party (perceived as favorable to more relaxed regulations for the sector). It has been a key factor in this wave of investments. “We believe that euphoria around a possible Republican victory was the likely reason for these inflows,” the report states, highlighting the sensitivity of the crypto market to the current political landscape.
Controversy in the crypto industry: Project leaders accuse Coinbase of charging “hidden” listing fees
Justin Sun, founder of Tron, and Andre Cronje, co-founder of Sonic Labs, have reignited the debate over listing policies on large exchanges. Both pointed out that Coinbase allegedly charges high fees to list assets on its platform, even though its CEO, Brian Armstrong, insists that asset listings are free.
The issue gained relevance following a comment from Moonrock Capital CEO Simon Dedic, who claimed that a high-profile cryptocurrency project received a listing offer that included 15% of its total token supply. “Imagine having to pay between $50 and $100 million just to be on a centralized exchange,” Dedic wrote, criticizing the high costs faced by emerging projects.
I recently spoke with a Tier 1 project that raised close to nine figures.
After wasting over a year of due diligence with Binance, they finally received a listing offer.
Binance asked for 15% of their total token supply.
Imagine paying $50–$100M just for a CEX listing.
Not…
— Simon (@sjdedic) October 31, 2024
In response, Armstrong reiterated that Coinbase has never charged listing fees and encouraged projects to contact them directly to avoid confusion.
However, Cronje was not convinced and assured that, in his experience, Coinbase has requested million-dollar sums from him to appear on the platform. Although Armstrong attributes these claims to possible scam attempts or misunderstandings, Cronje was willing to share evidence of his interaction with Coinbase employees.
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