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The institutions are coming for your blockchain




It's Monday, you know what that mean. It's time for Moonday Mornings, Hard Fork's wrap-up of the weekend's cryptocurrency and blockchain news.

By no fault of our own, this week, things are a little different. Let us introduce you to Moonday Mornings: the institutional edition. It just so happens that this weekend in some way relate to institutional use of blockchain or cryptocurrencies.

1. A Liechtenstein bank has established a cryptocurrency trading platform, but it's only for institutional investors. So unless you're an institution, sorry, but it's not for you. Bank Frick's DLT Markets AG is aiming to provide "fully regulated and secure multi-exchange access to the digital token asset class." It seems that Frick's Platform and Liechtenstein may pave the way for institutional trading of securities tokens. The central European nation is still block-based firms to issue registered securities tokens, a regulated trading platform seems like the next logical step.

2. According to sources close to the matter a major European derivatives exchange is set to launch cryptocurrency futures trading, reports The Block. While there is no official announcement at the moment, Deutsche Börse's Eurex is awaiting to announce the launch of futures contracts to Bitcoin, Ethereum, and XRP in the near future. Eurex certainly is not the first to promise cryptocurrency futures contracts. Nasdaq was prepping for a similar service.

3. After getting approval from the Thai National Legislative Assembly earlier this month, the country's Securities and Exchange Commission (SEC) has given the go ahead for company's issue tokenized securities, the Bangkok Post reports. Made possible by an amendment to the Securities and Exchange Act, a firm that seeks to issue bonds and bonds over the blockchain. While the legislation is in place, the trading platform is expected to go live later this year.

4. Prominent cryptocurrency-focused venture capital firm Pantera Capital has secured $ 1

25 million for its third investment fund, CoinDesk reports. The VC firm announced it had secured $ 100 million for the fund by last August. Pantera partner Paul Veradittikit told CoinDesk that fundraising has slowed down as a result of the bear market. Blockchain-based investments.

5. Liechtenstein – Thailand – Plowing ahead and setting up their own regulations for cryptocurrency-derived derivatives, South Korea is making a different approach to the US to make its move. At Korea's leading exchange exchange, the Korean Herald said that it is "following the US Securities and Exchange Commission's decision on Bitcoin ETFs (exchange traded funds)." With that in mind, it seems likely that South Korea wants to follow the US 'lead when it comes to the regulation and issuance of cryptocurrency-based ETFs. Now, we just need the US Securities and Exchange Commission to make their mind up.

So there you have it, maybe 2019 wants to make substantial steps forward into the world of blockchain and cryptocurrency.

Watch this space.

Published February 25, 2019 – 09:48 UTC
                                


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