By Kapil Rajyaguru
BlackRock Expands Tokenized Fund BUIDL Beyond Ethereum to 5 New Blockchains.
BlackRock’s first tokenized product, launched on Ethereum in March, is now accessible on the Aptos, Arbitrum, Avalanche, Optimism’s OP Mainnet, and Polygon networks.
Short-term U.S. Treasuries support BUIDL, the largest blockchain-based money market fund, which has $520 million in assets.
Tap And Pay Crypto Coming To Coinbase Wallet, L2 Interoperability In Months.
Coinbase Wallet will soon roll out a “Tap to Pay” crypto solution to compete against Cash App, Venmo, PayPal, and other fast payment firms.
Jesse Pollak, the creator of the Ethereum layer-2 network Base, expects the Coinbase Wallet feature to be available for users in 50 countries by the end of 2025.
Meanwhile, Pollak says Base is looking to solve Ethereum’s layer 2 interoperability problem within the “next six months.”
Fireblocks Partners With South Korean Bank On VAT Tokenization.
Digital asset platform Fireblocks has signed a Memorandum of Understanding (MoU) with NongHyup Bank, a large South Korean bank specializing in commercial credit and banking services for the agricultural sector. They hope to launch a prototype for tax refunds.
Fireblocks and NongHyup Bank will use the Fireblocks Tokenization Engine in a pilot project to refund value-added tax (VAT) and goods and services tax (GST) on purchases at retail outlets.
Bitcoin hot on the heels of Google as market cap nears $2 tn.
With Bitcoin’s market price trading steady at over $90,000, its market capitalization exceeded that of the world’s largest oil producer, Saudi Aramco, and has come closer to the tech goliaths.
On Nov. 14, Bitcoin recorded a market cap of $1.805 trillion for the first time in history, making it the seventh biggest asset in the world, according to data from CoinMarketCap and CompaniesMarketCap.
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