Analyses
Daily News Summary 13/7
July 13, 2024
BlackRock Participates in MakerDAO Competition
MakerDAO, one of the oldest DeFi protocols, has launched a new “Grand Prix” competition aimed at bringing $1 billion worth of tokenized assets onto its platform. Prominent market players such as BlackRock, the world’s largest asset manager, along with Superstate and Ondo Finance, are keen to participate. According to an announcement, the initiative will primarily focus on investing in short-term U.S. Treasury bills and similar tokenized products.
Controversial Abra Acquires Valkyrie Funds
Abra, the trading platform with a controversial history involving past accusations of securities fraud and insolvency, has acquired several digital asset funds from Valkyrie, including private Tron and Zilliqa funds, which had previous sales of $50 million and $21.3 million, respectively. The plan is to list these products on public exchanges if market demand for investment instruments increases.
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