23m ago
Ripple backs ZILO and FCA-regulated Licuido to expand XRP Ledger tokenization push
On August 9, 2026, Ripple said it has expanded its institutional tokenization strategy through strategic investments in transfer agency provider ZILO and FCA-regulated tokenization platform Licuido. The investments aim to strengthen infrastructure for tokenized capital markets on the XRP Ledger and support institutions in bringing assets on-chain for issuance and trading. ZILO focuses on digital-asset transfer agency services, while Licuido provides compliant tokenization solutions, together advancing tokenization across Ripple’s ecosystem.
XRP
XRP+0.22%
23m ago
1h ago
Gland Pharma signs CDMO manufacturing and supply pact with USD 90–100 million annual revenue potential from 2029
India’s Gland Pharma has signed a CDMO agreement with an undisclosed leading global pharmaceutical company to manufacture and supply 55 sterile injectable SKUs spanning oncology and non-oncology products. The portfolio includes vial, lyo, ampoules and prefilled syringe (PFS) presentations, with work covering technology transfer through long-term commercial supply. The partnership is expected to start generating revenue in calendar year 2029, with annualized revenue potential estimated at USD 90–100 million once all products are commercialized.
1h ago
3h ago
Spot gold tops $4,300 an ounce as South Korea resumes buying after 13 years
Spot gold broke above $4,300 an ounce on August 6, with its weekly gain topping 7% at one point for its best showing since January. Data from the People’s Bank of China showed China’s gold reserves rose to 76.08 million ounces at the end of July, up 640,000 ounces from June. South Korea’s central bank returned to gold buying after 13 years, with reserves at about 104.4 tonnes, or roughly 3.5% of its foreign exchange reserves. A World Gold Council survey found 45% of central banks expect to increase gold holdings over the next year.
3h ago
13h ago
Copper above $14,000 a tonne as tariff-driven rally nears record levels
Copper is trading above $14,000 per tonne, near a historic peak. China’s refined copper imports exceeded 200,000 tonnes in July, the highest monthly total in at least 12 years. LME copper stocks have fallen to a five-month low, while the cash-to-three-month spread has widened to about a $120-per-tonne backwardation from around $40 a week earlier. The market is forecasting a global refined copper deficit of about 35,000 tonnes in 2026, underscoring ongoing tightness in the physical market.
13h ago
15h ago
Berkshire Hathaway buys $10 billion of Alphabet stock and repurchases $4.5 billion of shares
Berkshire Hathaway said in its second-quarter report that its cash holdings fell to $365.5 billion from nearly $400 billion at the end of March. The filing showed the company added more than $24 billion in stock investments during the quarter, and media reports said the purchases included $10 billion of Alphabet shares. Berkshire also restarted buybacks, repurchasing $4.5 billion of its own stock in the quarter, up from about $234 million in the first quarter, after buying back $78 billion between 2018 and 2024.
15h ago
15h ago
Windsor Machines Q1 FY27 revenue rises 31.4% YoY to ₹148.9 crore
Windsor Machines reported Q1 FY27 revenue of ₹148.9 crore, up 31.4% year on year. The injection moulding division generated ₹75.7 crore in revenue, supported by India’s anti-dumping duties on imports from China and Taiwan. Other businesses, including CNC machine tools and extrusion machinery, also contributed revenue. The board approved the results on August 08, 2026, and consolidated basic EPS improved to ₹(0.10).
15h ago
18h ago
Tokenized funds’ AUM tops $9.0 billion in Q1 2026, up 181.3% year over year
Tokenized funds surpassed $9.0 billion in assets under management in Q1 2026, rising 181.3% year over year. Traditional asset managers and crypto-native firms are accelerating their push into onchain markets, according to a report by CoinShares and Token Terminal. The trend points to the rise of Hybrid Finance, where Wall Street products, blockchain infrastructure and digital-asset markets are increasingly converging into a single ecosystem.
ETH
ETH-0.09%
18h ago