Today Thursday , 9 October 2025
Login
Login
    Home Citi Alumni Unveil Bitcoin DRs With SEC Approval

    Citi Alumni Unveil Bitcoin DRs With SEC Approval

    ByJanuary 5, 2024, 6:06 AM1 Mins read41 Views
    Share
    Share

    Citi Alumni Unveil Bitcoin DRs With SEC Approval

    Ex-Citigroup Inc. executives have announced plans to launch Bitcoin-backed securities, unchained to the US SEC’s constraints.

    The new securities, Bitcoin depository receipts, are similar to American depositary receipts representing foreign stocks. Startup Receipts Depositary Corporation (RDC) aims to unveil the initial Bitcoin depositary receipts for qualified global institutional investors, freeing itself from registrations under the Securities Act of 1933.

    The BTC DRs aim to provide institutions access to Bitcoin securities via US-regulated market infrastructure, followed by Depository Trust Co. sanctioning.

    (With inputs from Shikha Singh)

    Share
    Previous post Ark Invest Sells $25 mn Coinbase Shares

    Latest News

    News
    NYSE Parent ICE Invests $2B In Polymarket | 3.0 TV (3versetv)

    NYSE Parent ICE Invests $2B In Polymarket At $9B Valuation

    Intercontinental Exchange, the owner of the New York Stock Exchange, has made a $2 billion investment in the crypto-powered prediction platform Polymarket,...

    ByOctober 8, 2025, 7:30 PM
    News
    BNY Mellon Trials Blockchain Deposits To Modernize Payment System | 3.0 TV (3versetv)

    BNY Mellon Trials Blockchain Deposits To Modernize $2.5T Payment System

    Bank of New York Mellon, which oversees $55.8 trillion in assets under custody, is piloting tokenized deposits to overhaul its $2.5 trillion...

    ByOctober 8, 2025, 6:30 PM
    News
    SEC Targets 2025 Launch For Crypto Innovation Exemption Framework | 3.0 TV (3versetv)

    SEC Targets 2025 Launch For Crypto Innovation Exemption Framework

    U.S. Securities and Exchange Commission Chair Paul Atkins has unveiled plans to introduce a new “innovation exemption” by late 2025, aiming to...

    ByOctober 8, 2025, 5:30 PM
    News
    Vietnam To License Only Five Crypto Exchanges | 3.0 TV (3versetv)

    Vietnam To License Only Five Crypto Exchanges In Pilot Program Before 2026

    Vietnam’s Ministry of Finance has confirmed plans for a limited cryptocurrency-exchange pilot program that will authorize no more than five operators before...

    ByOctober 8, 2025, 4:30 PM

    Latest Blogs

    Bitcoin Spot vs. Derivatives Trading: What’s the Difference?
    Bitcoin

    Bitcoin Spot vs. Derivatives Trading: What’s the Difference?

    Why This Matters for Traders? Bitcoin traders who want to start trading need to understand the distinction between spot trading and derivatives...

    ByOctober 6, 2025, 4:15 PM
    Crypto Job Scams: How Hackers Trick Applicants and How to Stay Safe
    Cryptocurrency

    Crypto Job Scams: How Hackers Trick Applicants and How to Stay Safe

    The Rise of Crypto Job Fraud The rising interest in cryptocurrencies and blockchain technology has attracted scammers who exploit job seekers’ enthusiasm...

    ByOctober 3, 2025, 4:00 PM
    How Hackers Use Fake Phones to Steal Your Crypto?
    Cryptocurrency

    How Hackers Use Fake Phones to Steal Your Crypto?

    Overview of Fake Phone Crypto Scams Smartphone adoption for financial management has led to sophisticated scams targeting crypto users who remain unaware...

    BySeptember 29, 2025, 3:20 PM
    Can AI Bots Steal Your Crypto? | 3.0 TV
    Cryptocurrency

    Can AI Bots Steal Your Crypto?

    The Rise of AI in Cybercrime: AI Stealing Crypto The advancement of technology in cybercrime has created a paradox because improved technology...

    BySeptember 26, 2025, 6:14 PM
    Related Articles
    Bitcoin Spot vs. Derivatives Trading: What’s the Difference?
    Bitcoin

    Bitcoin Spot vs. Derivatives Trading: What’s the Difference?

    Why This Matters for Traders? Bitcoin traders who want to start trading...

    ByOctober 6, 2025, 4:15 PM
    Crypto Job Scams: How Hackers Trick Applicants and How to Stay Safe
    Cryptocurrency

    Crypto Job Scams: How Hackers Trick Applicants and How to Stay Safe

    The Rise of Crypto Job Fraud The rising interest in cryptocurrencies and...

    ByOctober 3, 2025, 4:00 PM
    How Hackers Use Fake Phones to Steal Your Crypto?
    Cryptocurrency

    How Hackers Use Fake Phones to Steal Your Crypto?

    Overview of Fake Phone Crypto Scams Smartphone adoption for financial management has...

    BySeptember 29, 2025, 3:20 PM
    Can AI Bots Steal Your Crypto? | 3.0 TV
    Cryptocurrency

    Can AI Bots Steal Your Crypto?

    The Rise of AI in Cybercrime: AI Stealing Crypto The advancement of...

    BySeptember 26, 2025, 6:14 PM
    3.0 verse © 2022. All rights reserved