Latest news with #TradFi
Business Wire
2 days ago
- Business
- Business Wire
NetXD Unveils End-to-End TradFi-DeFi Infrastructure Platform
LAWRENCE, Kan.--(BUSINESS WIRE)-- NetXD, the financial-technology company powering banks and institutions across 10 countries, is excited to announce its full-stack infrastructure bridging traditional (TradFi) and decentralized finance (DeFi). The platform unifies its programmable ledger, global payments hub including stablecoins with a proof of reserve, bank-grade HD wallet (for self-custody), Large Action Model (LAM) and an AI engine allowing institutions to launch and manage tokenized products, move money safely, and streamline middle- and back-office workflows without replacing legacy cores. 'NetXD makes innovation a profit engine as it should be,' said Suresh Ramamurthi, Chairman of NetXD. 'By freeing institutions to deliver what customers want, when they want it, without messy integrations or the associated runaway costs.' Share The release follows the Senate's passage of the bipartisan GENIUS Act, the first U.S. regulatory framework for stablecoins, underscoring the market's need for fully collateralized, compliance-ready digital-asset infrastructure. Key benefits delivered to financial institutions: XD Ledger: Enterprise-grade, programmable, immutable ledger with smart contract support that runs as a sidecar core alongside existing infrastructure. Institutions can tokenize deposits and other digital assets, settle transactions in real time across both fiat and stablecoin rails and enforce Zero Trust, auditable governance; all without ripping out legacy systems. XD Payments: A unified payments API that lets financial institutions move money through every major rail (ACH, Wires, RTP®, FedNow®, Visa Direct, Visa DPS Forward, Visa B2B Connect, and blockchain networks including stablecoins). Instead of juggling separate integrations and settlement rules, institutions route all payment types through one cloud-native platform with real-time tracking, automated compliance checks, and built-in FX. XD AI: Transform institutional operations by turning complex contracts and policies into executable workflows powered by our Large Action Model (LAM). We have expanded the TradFi capabilities to execute transactions across multiple blockchains and dApps including wallet creation, fund movement, payment execution and smart contract generation. Running on NetXD's programmable ledger, XD AI eliminates manual middle- and back-office work, enabling Zero Ops automation. From encoding vendor agreements as smart contracts to settling payables in fiat or stablecoins with full audit trails, XD AI delivers cost savings, speed, and compliance at scale. Enterprise HD Wallet Suite: Self-custodial wallet secured by Zero Trust architecture and hierarchical-deterministic key management to access multiple chains and tokens including stablecoins. NetXD's HD Wallet is further secured by asymmetric cryptography, enterprise-grade real time risk controls and 360 degree review of all transactions and protected by killswitches. 'NetXD makes innovation a profit engine as it should be,' said Suresh Ramamurthi, Chairman of NetXD. 'By freeing institutions to deliver what customers want, when they want it, without messy integrations or the associated runaway costs.' Institutions can inquire at sales@ or visit to learn more. About NetXD NetXD powers financial infrastructure for institutions deployed across 10 countries. Our programmable ledger acts as a real-time, interoperable sidecar to a bank's core system; supporting tokenized assets and enabling global payments across both fiat and crypto rails. NetXD's integrated platform combines advanced blockchain technology with its proprietary Large Action Model (LAM), an AI-powered system that automates middle- and back-office workflows by transforming institutional knowledge into smart contracts and executable actions.
Yahoo
3 days ago
- Business
- Yahoo
Standard Chartered Sees New Growth Frontiers in Non-Stablecoin Tokenization
Stablecoins dominate the tokenization of real-world assets (RWA), but Standard Chartered (STAN) said it sees signs of a broader shift underway. With just $23 billion currently in non-stablecoin RWAs, around 10% the size of the stablecoin market, the investment bank anticipates significant growth as regulatory clarity improves and the focus shifts to assets that benefit more meaningfully from being on-chain, it said in a research report Wednesday. Tokenization is one of the main uses of blockchain technology and it is attracting attention and investment from the TradFi world. Stablecoins are cryptocurrencies whose value is tied to another asset, such as the U.S. dollar or gold. They play a major role in cryptocurrency markets and are also used to transfer money internationally. Jurisdictions like Singapore, Switzerland, the EU and Jersey have made progress on regulation, the bank noted, but inconsistent know your customer (KYC) rules remain a barrier. Still, the opportunity lies in targeting assets where tokenization adds real value, the report said. "To unlock growth potential, we believe tokenization efforts need to focus on on-chain assets that are cheaper and/or more liquid than their off-chain equivalents, with shorter settlement times, or that solve an on-chain need," wrote Geoff Kendrick, head of digital assets research at Standard Chartered. The bank noted that tokenized private credit has shown promise by offering faster settlement and cost efficiencies. In contrast, efforts to tokenize already-liquid assets such as gold or U.S. equities have seen limited traction as they fail to deliver clear on-chain advantages, the bank said. The bank expects private equity and liquid off-chain commodities to be the next growth areas for non-stablecoin in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
4 days ago
- Business
- Bloomberg
Novogratz Says Stablecoin Bill Will Push Traditional Finance Toward Crypto
Billionaire Michael Novogratz said that the passage of landmark stablecoin legislation will bring more traditional financial institutions into the cryptocurrency market. 'We set up Galaxy in 2017 with the idea that institutions would finally come to the market and they're here,' Novogratz, the founder and chief executive officer of Galaxy, said during a Bloomberg Television interview on Wednesday. 'We will get the stablecoin bill and hopefully a market structure bill and it will bring TradFi into this technology.'
Cision Canada
5 days ago
- Business
- Cision Canada
CoinDesk Overnight Rates (CDOR) to Support Stablecoin Money Markets based on Aave
These first-of-kind money market rates transform Aave pool activity into conventional overnight rates to support interest rate derivatives and floating rate loans. NEW YORK, June 17, 2025 /CNW/ -- CoinDesk Indices, a leading provider of digital-asset benchmarks, in collaboration with Sentora, a pioneer in institutional DeFi solutions, today announced the launch of CoinDesk Overnight Rates (CDOR), the first benchmark interest rates that draw upon Aave's lending pools to provide standardized overnight rates for major stablecoins. CDOR to Support Industry Growth CDOR rates are designed to support markets for hedging funding costs, securing yields, and developing cross-currency rate strategies. Calculated and published daily, these rates are accessible to exchanges, market makers, protocol treasuries, and structured-product desks. Stani Kulechov, Founder of Aave Labs says,"CDOR is a new benchmark interest rate built on Aave's deep onchain liquidity. It provides a transparent, risk-free lending rate that unlocks new use cases for stablecoins, such as derivatives and fixed-income products, enabling more efficient, scalable, and automated financial markets." The first CDOR rates utilize activity on Aave v3's Core variable borrow pools for USDC and USDT. CoinDesk Indices has released a methodology that converts this on-chain activity into a historical daily (or "overnight") rate that can be aggregated over longer periods. These pools, whose rates react instantly to changes to supply and demand, are important facilities in decentralized finance that reflect activity of a large population of borrowers and lenders. Andy Baehr, CFA, Head of Product and Research, CoinDesk Indices says "Stablecoins are expected to grow into the trillions, but there is no institutional-grade money market for trading and hedging term rates. CDOR rates provide a cornerstone element for the stablecoin rates markets, using the same conventions as TradFi benchmarks, which support the largest derivatives markets in the world." Anthony DeMartino, CEO, Sentora says, "Sentora's mission is to make on-chain finance as efficient as traditional finance. With CDOR rates you can switch from floating to fixed funding, or speculate on the curve, in a single, capital-efficient trade; a crucial building block that's been missing for years. These rates will enable new DeFi use cases and Sentora is happy to support the evolution of capital markets on-chain." Liquidity Providers Signal Support for CDOR Exchange-traded futures contracts, currently under development, will settle against CDOR rates and will provide market participants with new and powerful tools for risk management and strategy implementation. Galaxy, FalconX, Flowdesk and Tyr Capital will act as founding market makers. Ed Hindi, CIO, Tyr Capital says,"CDOR rates enable the creation of a broad range of financial derivatives that are currently missing in the crypto financial ecosystem. This addition alongside a clearer regulatory environment should exponentially increase the interaction of institutional players with DeFi. The ability to efficiently manage interest rate risk is a game changer for the CeDeFi markets. Tyr Capital is thrilled to be more widely involved in making the TradFi and crypto relationship more symbiotic." Jason Urban, Global Head of Trading at Galaxy says,"With CDOR rates, the market gains a powerful rate signal that reflects real-time borrower demand and enables smart, scalable trading strategies. It's a meaningful step in bridging DeFi and traditional finance, making stablecoin markets more accessible and actionable for sophisticated investors." Joshua Lim, Global Co-Head of Markets, FalconX says,"We are pleased to partner with CoinDesk Indices and Sentora on their CDOR product suite. The next phase of growth in crypto will be driven by convergence of CeFi and DeFi capital markets." Reed Werbitt, US CEO, Flowdesk says,"The introduction of CDOR will enable broader institutional adoption and participation in crypto credit markets, enhancing capital efficiency and risk management across our trading strategies. The ability to mitigate interest rate risk is a critical foundation of a functioning capital market, and we're excited to be working with Sentora to bring this product to fruition." By turning on-chain market activity into standardized interest rates, CDOR lays the groundwork for exchange-traded money-market futures and other rate-based derivatives. For additional information on CDOR please visit View the CoinDesk Overnight Rates (CDOR) - Aave | USDC and Aave | USDT. About CoinDesk Indices Since 2014, CoinDesk Indices has been at the forefront of the digital asset revolution, empowering investors globally. A portfolio company of the Bullish Group, its indices form the foundation of the world's largest digital asset products. CoinDesk Indices is regulated in the UK by the Financial Conduct Authority and offers products across multi-asset indices, reference rates, and strategies. Flagships such as the CoinDesk Bitcoin Price Index and the CoinDesk 20 Index set the industry standard for measuring, trading, and investing in digital assets. With tens of billions of dollars in benchmarked assets, CoinDesk Indices is a trusted partner. About Sentora Sentora, born from the recent merger between DeFi technology specialist IntoTheBlock and financial solutions provider Trident Digital, is a leader in developing institutional-grade DeFi solutions, yield strategies and risk-management infrastructure. Sentora's solutions connect leading digital asset firms and large capital allocators to the advantages of decentralized finance. About Aave Protocol Aave is the leading decentralized, non-custodial liquidity protocol, with over $40 billion in total value locked (TVL). It allows users to earn yield on deposits and borrow a wide range of digital assets without intermediaries. Core features include risk management tools such as supply and borrow caps, flash loans, and GHO — a decentralized, overcollateralized stablecoin native to the protocol. Aave is fully governed by the Aave Decentralized Autonomous Organization (DAO). Learn more or participate in governance at Disclaimer CoinDesk is a portfolio company of the Bullish Group. CoinDesk Indices, Inc., including CC Data Limited, its affiliate which performs certain outsourced administration and calculation services on its behalf (collectively, "CoinDesk Indices"), does not sponsor, endorse, sell, promote, or manage any investment offered by any third party that seeks to provide an investment return based on the performance of any index. CoinDesk Indices is neither an investment adviser nor a commodity trading advisor and makes no representation regarding the advisability of making an investment linked to any CoinDesk Indices index. CoinDesk Indices does not act as a fiduciary. A decision to invest in any asset linked to a CoinDesk Indices index should not be made in reliance on any of the statements set forth in this document or elsewhere by CoinDesk Indices. All content displayed here or otherwise used in connection with any CoinDesk Indices index (the "Content") is owned by CoinDesk Indices and/or its third-party data providers and licensors, unless stated otherwise by CoinDesk Indices. CoinDesk Indices does not guarantee the accuracy, completeness, timeliness, adequacy, validity, or availability of any of the Content. CoinDesk Indices is not responsible for any errors or omissions, regardless of the cause, in the results obtained from the use of any of the Content. CoinDesk Indices does not assume any obligation to update the Content following publication in any form or format. © 2025 CoinDesk Indices, Inc. All rights reserved. Forward-Looking Statements: This press release may include "forward-looking statements" relating to future events or the Bullish Group's future financial or operating performance, business strategy, and potential market opportunity. Such forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Bullish Group, are inherently uncertain and are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. You should not place undue reliance on any such forward-looking statements, which speak only as of the date they are made, and the Bullish Group undertakes no duty to update these forward-looking statements.
Yahoo
13-06-2025
- Business
- Yahoo
Banking the unbanked: How Altery is quietly bridging TradFi and crypto
Banking the unbanked: How Altery is quietly bridging TradFi and crypto originally appeared on TheStreet. Bisi Giwa, Managing Director at Altery Ltd, has a unique approach to digital finance. With a background in law and years in traditional banking, she's now leading strategy and compliance at a firm that's quietly rewriting how the world moves money. 'We are a payment service provider,' she told TheStreet Roundtable, 'but what sets us apart is how deeply we understand both traditional and digital finance—and how we use compliance as a competitive advantage.' Founded during the COVID-19 era, Altery is focused on bridging the gap between fiat and crypto payments. The company offers infrastructure that allows users to top up wallets, issue Visa cards, and cash out — without relying on centralized exchanges or OTC desks. Operating primarily in Europe, Altery is actively expanding into Asia and Africa, with its eye on underbanked populations. 'I was debanked,' Giwa said, referring to widespread banking exclusions in regions like Nigeria. 'That's how Altery was birthed. This isn't about onboarding everyone recklessly, we know the risks. But we're building the systems to support people responsibly.' The European Banking Authority (EBA) named debanking, also known as de-risking, as one of the top 3 consumer issues in the EU for 2024–25. Vulnerable groups most affected include migrants, refugees, the homeless, and those with poor credit histories, facing difficulty opening or retaining accounts. Unlike most legacy institutions, which Gawa says rely on 'blanket rules,' Altery separates onboarding and transaction risk. 'In digital assets, the real risk is in the transaction layer, not onboarding,' she explained. 'So we've built an infrastructure that can assess both independently—constantly adapting the rules as needed.' When asked about regulation, she didn't shy away. 'We're in the process of becoming MiCA-compliant. In the UK, we don't offer crypto services yet. But in the EU, we're scaling. And in Dubai, we've got fiat licenses under DIFC while applying for a VARA crypto license.' Stablecoins are currently the company's top asset by usage, but its roadmap includes deeper infrastructure tooling for white-labeled cards and cross-border payments. 'Our principle Visa membership is a big draw,' she said. As for the future of Bitcoin? Gawa laughs. 'I'm not an analyst, but okay — $500K by 2030. And if I'm right, you must come and find me!' As per Kraken's price feed, Bitcoin is down 1.6% in the past 24 hours, currently trading at $107,711. Banking the unbanked: How Altery is quietly bridging TradFi and crypto first appeared on TheStreet on Jun 12, 2025 This story was originally reported by TheStreet on Jun 12, 2025, where it first appeared. Sign in to access your portfolio
