21h ago
a16z-backed Goldfinch begins wind-down of decentralized credit platform after $50 million mismanagement claim
An investor in Goldfinch, a decentralized credit protocol backed by Andreessen Horowitz, publicly alleged the project mismanaged over $50 million in user funds. The investor said borrower defaults and failed restructurings make it highly unlikely depositors will recover their money. One day after the post, Goldfinch said it would enter a wind-down process.
GFI
GFI-7.21%
21h ago
22h ago
Toss Bank signs Solana Foundation MOU to test cross-border remittances for roughly 15 million customers
South Korea’s Toss Bank has signed a memorandum of understanding with the Solana Foundation to test blockchain-based remittance and settlement infrastructure. Toss Bank, the country’s third-largest internet-only bank, said the agreement was signed in Seoul on June 19. The partners plan to start with a proof of concept focused on stablecoin-powered overseas transfers before any broader rollout.
SOL
SOL-4.93%
22h ago
1d ago
Toss Bank signs Solana Foundation MoU to pilot stablecoin-based remittances
South Korea’s internet-only bank Toss Bank signed a memorandum of understanding with the Solana Foundation to build and test cross-border remittance infrastructure on Solana. The agreement is intended to serve as a starting point for the country’s third-largest internet bank to gradually integrate blockchain-based digital financial infrastructure across its services. Toss Bank plans to roll out the work in phases, beginning with overseas remittances before expanding into payments, digital assets and tokenized real-world assets.
SOL
SOL-4.93%
1d ago
1d ago
ICE and OKX form 50-50 broker-dealer venture aimed at U.S. tokenized equities
Intercontinental Exchange (ICE), the New York Stock Exchange’s parent, and crypto platform OKX announced a 50-50 joint venture to link OKX’s 120 million global users with U.S.-regulated futures markets and tokenized equities. The companies said Monday the venture is intended to provide infrastructure for tokenized and digitally native financial products. The planned entity is expected to seek U.S. broker-dealer and futures commission merchant registration, subject to regulatory approvals.
BTC
BTC-2.93%
1d ago