Assets
Ant Group Tokenizes $8.4B Chinese Energy Assets On Blockchain
A unit of the Chinese fintech conglomerate Ant Group is tokenizing more than $8 billion worth of energy infrastructure on its own blockchain. Ant Digital Technologies, the enterprise solutions arm of the Jack Ma-backed Ant Group, is in the process of tokenizing 60 billion yuan ($8.4 billion) of power infrastructure on its AntChain network, according […]
Crypto Treasury Firms Introduce Counterparty Risks to Bearer Assets: CEO
Bitcoin (BTC) and crypto treasury firms pose similar risks as collateralized debt obligations (CDOs), securitized baskets of home mortgages and other types of debt that triggered the 2007-2008 financial crisis, Josip Rupena, CEO of lending platform Milo and former Goldman Sachs analyst, told Cointelegraph. Crypto treasury companies take bearer assets with no counterparty risk and […]
VERB, TON Treasury Company, Announces Over $780M in Assets
VERB Technology Company, a Toncoin (TON) acquisition company, said it has accumulated about $713 million in TON and $67 million in cash, totaling over $780 million in assets. The company completed a $558 million private placement in August, sending its share price soaring by more than 200%. A majority of these funds were used to […]