By Kapil Rajyaguru
Hong Kong Considers New Licensing Regime For OTC Crypto Trading.
The Securities and Futures Commission (SFC) in Hong Kong has asked industry players whether it should implement a new cryptocurrency OTC licensing framework.
SFC, the securities and futures markets regulator, would regulate crypto OTC trading enterprises with C&ED under the new system.
ParaFi Brings VC Fund to Blockchain with Innovative Tokenization Approach.
ParaFi Capital, a New York-based digital asset management business backed by Henry Kravis, will tokenize a small stake of its newest venture-capital fund, which closed in May.
The limited partner (LP) stake will be accessible on Securitize and the Avalanche blockchain, both ParaFi investments.
In a recent interview, ParaFi founder Ben Forman said this is the start of a larger tokenization plan for the $1.2 billion company.
Trump To Launch World Liberty Financial Crypto Platform On Sept. 16.
Former President and Republican presidential candidate Donald Trump said World Liberty Financial would begin on Sept. 16. Trump claimed he will unveil his sons’ enterprise live on X on Sept. 12 in a video.
World Liberty Financial gets mixed reviews. The initiative would start 50 days before the election, prompting questions about Trump’s intention to run.
USDC Issuer Circle Adds Arbitrum To Web3 Platform.
According to a Sept. 12 blog post, Circle Internet Financial, the manager of dollar-backed stablecoin US Dollar Coin, has incorporated layer-2 scaling chain Arbitrum into its Web3 infrastructure platform.
The blog article claimed Web3 provides USDC-centric programmable wallets, smart contract tools, and gas-fee abstraction to Arbitrum. Arbitrum is Ethereum’s biggest layer 2 with $2.5 billion TVL, according to DefiLlama.
The blog article noted Circle’s Web3 technology works with Avalanche, Ethereum, Polygon PoS, and Solana blockchain networks.
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