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Daily News Summary 30/9

September 30, 2024 Tóth Balázs
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Matrixport Expands into Switzerland

Matrixport, the Singapore-based crypto service hub founded by Jihan Wu, has announced its full acquisition of Swiss crypto asset manager Crypto Finance Asset Management AG, previously part of the Deutsche Börse Group’s Crypto Finance Group. Following the acquisition, the business will operate under the name Matrixport Asset Management AG, and it is poised to play a pioneering role in providing institutional-level crypto investment solutions.

New Chapter in FTX Reorganization

According to the latest report from FTX’s bankruptcy trustee, the next court hearing is scheduled for October 7, 2024, where the confirmation of the reorganization plan is expected. If approved, creditors with claims under $50,000 may start receiving compensation by the end of 2024. However, larger claimants will likely only see their funds in the first or second quarter of 2025.

Biotechnology on the Blockchain

The BIO Association, a Swiss nonprofit organization, has announced plans to create a decentralized biotechnology network called the BIO Protocol, which will also include the issuance of BIO tokens. The goal is to democratize access to scientific research and funding. A key feature of the network will be the creation of BioDAOs, which will develop and fund scientific intellectual property.

Australia Joins Project Guardian

The Australian bank ANZ has announced its participation in Project Guardian, led by the Monetary Authority of Singapore. The project’s goal is to explore broader access to tokenized real-world assets in financial markets. Participants include regulatory bodies like the UK’s Financial Conduct Authority, Switzerland’s FINMA, and Japan’s FSA, along with financial institutions such as Deutsche Bank, Citi, and Apollo.
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