BTC $77,559.23 +0.46%
ETH $2,513.41 -0.25%
BNB $722.81 -0.56%
XRP $1.37 +0.71%
SOL $101.00 -0.72%
TRX $0.3385 -0.22%
DOGE $0.0839 -0.93%
ADA $0.2067 -0.12%
BCH $223.71 -0.86%
LINK $11.37 -1.09%
HYPE $80.25 +1.39%
AAVE $126.23 -0.62%
SUI $0.7171 -0.79%
XLM $0.1816 +1.00%
ZEC $1,117.55 -2.04%
AAPL $329.26 -1.14%
AMZN $254.52 -0.90%
GOOGL $335.89 -1.48%
MSFT $493.36 -0.35%
META $640.71 -1.06%
NVDA $215.05 -1.12%
TSLA $360.63 -1.69%
SNDK $1,566.85 -3.53%
INTC $98.62 -2.76%
SPCX $148.76 -1.00%
MU $940.33 -2.66%
AMD $499.27 -2.61%
BTC $77,559.23 +0.46%
ETH $2,513.41 -0.25%
BNB $722.81 -0.56%
XRP $1.37 +0.71%
SOL $101.00 -0.72%
TRX $0.3385 -0.22%
DOGE $0.0839 -0.93%
ADA $0.2067 -0.12%
BCH $223.71 -0.86%
LINK $11.37 -1.09%
HYPE $80.25 +1.39%
AAVE $126.23 -0.62%
SUI $0.7171 -0.79%
XLM $0.1816 +1.00%
ZEC $1,117.55 -2.04%
AAPL $329.26 -1.14%
AMZN $254.52 -0.90%
GOOGL $335.89 -1.48%
MSFT $493.36 -0.35%
META $640.71 -1.06%
NVDA $215.05 -1.12%
TSLA $360.63 -1.69%
SNDK $1,566.85 -3.53%
INTC $98.62 -2.76%
SPCX $148.76 -1.00%
MU $940.33 -2.66%
AMD $499.27 -2.61%

parti

All
Article
Flash

first_img India launches a pilot program for the tokenization of corporate bonds worth 620 billion USD, with digital rupees participating in the settlement

The Securities and Exchange Board of India (SEBI) launched the Demat 2 pilot this week, issuing corporate bonds in the form of digital tokens on a distributed ledger operated by regulated market institutions, and settling through the wholesale digital rupee of the Reserve Bank of India. The size of India's corporate bond market is approximately $620 billion.The state-owned power financing institution REC raised ₹50 billion (approximately $56 million) through this system, engineering and construction giant Larsen & Toubro refinanced ₹50 billion, and non-banking financial institution IIFL Finance raised ₹2.5 billion (approximately $2.8 million), totaling around ₹102.5 billion. The bonds retain fixed interest rates, maturity dates, and investor rights, but the tokenized bonds can be settled simultaneously with the digital rupees used for purchase, thereby reducing transaction risk.Subsequent phases will introduce smart contracts to handle corporate actions such as interest payments and redemptions, and there are plans to open secondary market trading, ultimately allowing retail investors to participate. India maintains a cautious attitude towards private cryptocurrencies, and this pilot is an attempt to introduce tokenization into its controlled financial system.

Coinbase accelerates the promotion of Bitcoin anti-quantum measures: multiple parties discuss future asset migration plans

Coinbase announced that it has collaborated with Stanford University cryptography professor Dan Boneh and Localhost Research to hold a closed-door "Post-Quantum Bitcoin Workshop" at Stanford University, gathering Bitcoin developers, cryptography experts, researchers, institutional custodians, and hardware wallet specialists to discuss the technologies and migration plans for Bitcoin to address future quantum computing threats.The workshop focused on assessing the progress of quantum computing, post-quantum cryptography, and various post-quantum signature schemes applicable to Bitcoin, as well as discussing Ethereum's anti-quantum planning, the practical requirements faced by institutional custody businesses, and how to introduce post-quantum security mechanisms for Bitcoin through new output types. Participants believed that rather than predicting when quantum computing will pose a real threat to existing cryptographic systems, it is more important to establish well-tested response plans in advance.Quantum computing does not currently pose an urgent crisis, but the earlier research and coordination begin, the better we can avoid hasty network upgrades and asset migrations under pressure in the future. However, there is currently no consensus on a single post-quantum solution. Different solutions involve trade-offs in terms of security, transaction data size, hardware performance, key management, and the difficulty of user migration. Participants felt that Bitcoin's anti-quantum measures cannot rely solely on protocol layer upgrades, but must also consider how individual users, institutional custodians, wallets, and hardware devices generate, store, back up, and migrate keys and assets.

Data: YZi Labs ranked as the second largest active family office globally in August, participating in 10 financing rounds with a total scale of 42.1 million USD

According to the disclosure by Family Office New Intelligence, data service provider FINTRX tracking shows that in August, family offices participated in a total of 109 transactions, with the total disclosed financing amount reaching 16.9 billion USD. Among these, follow-on financing rounds, where family offices continued to invest in companies they already hold, accounted for 27% of the transaction count. This indicates that, compared to continuing to invest in existing projects, family offices are more active in seeking and investing in new projects. The most active institution in August was a16z Perennial.a16z Perennial was established in 2022 and is a joint family office under the venture capital firm Andreessen Horowitz, providing wealth management and investment services for its core partners Marc Andreessen and Ben Horowitz, as well as the entrepreneurs they support. As of the end of 2025, a16z Perennial manages approximately 2.74 billion USD in regulated assets. In August, a16z Perennial participated in a total of 17 transactions, ranking first; the total disclosed scale of the related financing rounds reached approximately 10.45 billion USD.Ranking second is YZi Labs, founded by Binance founder Changpeng Zhao. YZi Labs manages over 10 billion USD in assets globally, with investment coverage including Web3, artificial intelligence, and healthcare, and invests in startups at various stages of development. In August, YZi Labs participated in 10 transactions, second only to a16z Perennial; however, the total scale of the financing rounds involved in these transactions was 42.1 million USD, largely appearing in large financing rounds of several hundred million or even several billion USD.It should be noted that the amounts mentioned above refer to the total financing scale of all investors in the related financing rounds, rather than the actual investment amount of the family offices themselves. Due to the strong privacy of family office investments, it is usually difficult to obtain the specific investment amount of a single family office in each transaction.
app_icon
ChainCatcher Building the Web3 world with innovations.