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Showing posts with the label financial institutions

Ethereum Over Bitcoin? Matt Hougan Says Institutions Sometimes Start With ETH

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Polymath spearheading the $18.9 trillion tokenization opportunity with key partnerships

Per a recent report by the Boston Consulting Group and Ripple, tokenized assets are poised to grow at a CAGR of 53% and reach a total market cap of $18.9 trillion over the next eight years.  Tokenization brings with it a wide bevy of opportunities, spanning real estate, fine art, commodities, financial instruments, and even intellectual property (IP). This has, understandably, attracted immense interest from mainstream financial institutions such as BlackRock, JPMorgan, Goldman Sachs, and Citigroup, who have recognized the technology’s potential to boost investment, liquidity, and financial inclusion. In the midst of this bullish setting, Polymath (POLY) is leveraging institutional-grade technology and making key partnerships to capitalize on an existing early mover advantage. Polymath and tokenization — a purpose-built blockchain and expanding collaboration Founded by Trevor Koverko in 2017, Polymath is one of the earliest businesses in the space. The business was...

European Central Bank to Create a Blockchain-Based Payment System

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2025 has seen the global economy move to embrace digital assets unlike ever before. With countries exploring increased adoption, there is no shortage of initiatives seeking to leverage the technology. Now, the European Central Bank is eyeing the creation of a blockchain-based payment system, according to Bloomberg. The announcement comes less than a month after the Central Bank pitched its own digital euro. Indeed, board member Piero Cipollone led a push to promote a stablecoin for Eurozone banks that would “respond to US President Donald Trump’s” crypto push, a Reuters report notes. JUST IN: European Central Bank looks to create a blockchain-based payment system. — Watcher.Guru (@WatcherGuru) February 20, 2025 Also Read: European Central Bank’s Digital Euro CBDC: Will It Transform Europe? European Central Bank Looking to Create Blockchain-Based Payment System The digital asset industry has grown rapidly since the calendar turned to 2025. With the United States electi...

Genius Group Launches Bitcoin Treasury With 110 BTC Purchase

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Amid the leading cryptocurrency’s surge to an all-time high last week, publicly traded Genius Group $GNS has launched a Bitcoin treasury. Moreover, the company announced that it is launching the aforementioned treasury with a 110 BTC purchase worth $10 million. Founded more than two decades ago, Genius Group Limited is an AI-powered education company. They announced the implementation of a ‘Bitcoin-first’ strategy in November of last year. Specifically, they committed at least 90% of the company’s current and future reserves to be held in Bitcoin. JUST IN: Publicly traded Genius Group $GNS launches #Bitcoin treasury by purchasing 110 $BTC ($10 million). — Watcher.Guru (@WatcherGuru) November 18, 2024 Also Read: Will Bitcoin Hit $100,000 in November 2024? Publicly Traded Genius Group Launches Bitcoin Treasury, Buys $10 Million Worth of BTC There has been no better year for Bitcoin than 2024. The asset has seen an incredible rise in prominence, as it has beco...