The European Securities and Markets Authority (ESMA) wants proof that clearinghouses can access tokenized collateral and turn it into cash if markets are under stress. SMA published A call for evidence Friday to seek industry feedback on the impact of tokenized collateral. “We must create the conditions for tokenized markets to operate safely and across … Read more
The bitcoin miner also continues to expand its data-center business. Bitcoin miner Riot Platform paid off a $200 million credit facility from Coinbase Credit this week, revealing its collateral. The facility was secured by a pledge of Riot’s financial assets, including Bitcoin, USDC and cash, which were held in the custody of the Coinbase Custody … Read more
Crypto lender Arch Lending plans to expand into loans backed by tokenized equity as the market for onchain stocks expands and lenders begin exploring new uses for assets as collateral. Arch co-founder and chief revenue officer Himanshu Sahay told Cointelegraph’s Chain Reaction podcast that the lender plans to enter the market “very soon,” pointing to … Read more