A round-up of news from across the world that shows that the adoption of crypto assets may be catching speed. From events at Bank of America (NYSE: BAC) to BNY Mellon (NYSE: BK), and Uruguay to India, it’s clear one can’t ignore this new asset class.
Skybridge Capital, Anthony Scaramucci’s New York-based investment firm and hedge fund, plans to make a foray into blockchain in partnership with the NAX trading platform to raise up to $250 million for a fund based on the Algorand blockchain.
Standard Chartered (LON: STAN) has joined forces with Linklogis, a supply chain finance tech solution provider from China, for the launch of Olea, a digital trade finance platform. Olea will match up institutional investors looking to deploy funds into alternative credit with businesses in need of supply chain (or working capital) financing.
Wall street heavyweight Goldman Sachs (NYSE: GS) has filed with the SEC for launching a new ETF titled the Goldman Sachs Innovate DeFi and Blockchain Equity ETF. According to the filing, the fund would benchmark the Solactive Decentralized Finance and Blockchain Index.
CloudWalk, the Brazilian payments processor, announced Tuesday its Series B funding of $190 million. The round brought up the firm’s aggregate capital raised to $206 million. Coatue led the round, with participation from DST Global and existing investors such as FIS, The Hive Brazil, and Valor Capital.