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Finance

Mantra to Tokenize $500M Real Estate Assets for UAE Builder MAG Group

In March, the Middle-East-focused Mantra raised $11 million for its real-world tokenization efforts.

John Patrick Mullin, CEO of Mantra (Left) and Talal Moafaq Al Gaddah, CEO of MAG Lifestyle Development (Right) (Mantra)

Tech

Crypto Exchange Kraken Is Considering Going Nuclear

Massive demand for energy from high performance computing and artificial intelligence firms is changing the landscape in terms of power stability, the company’s CTO said in an exclusive interview with CoinDesk.

Schematic of a small modular nuclear reactor (Department of Energy via Wikipedia, modified by CoinDesk using PhotoMosh)

Finance

Abra Launches Treasury Service for Corporates That Want to Hold Crypto

The service will provide corporates, family offices and non-profits with a range of digital asset treasury management solutions.

Abra CEO Bill Barhydt. (CoinDesk archives)

Finance

Decentralized Exchange Bluefin to Roll Out Token After Securing $17M in Total Funding

The exchange says it has already seen more than $25 billion in trading volume since the start of the year, with monthly revenues topping $1 million.

Bluefin v2 (Bluefin)

Policy

Crypto Giants Notch Wins in Expensive Quest to Sway U.S. Politics – Without Mentioning Crypto

Coinbase, Ripple and a16z donated unprecedented money to influence the outcomes of congressional races, but nobody wants to say who's in charge, how it works or even to discuss digital assets in campaign ads.

CEO Brian Armstrong's Coinbase is among the top industry backers of the crypto campaign fund that's shifting the landscape in the 2024 U.S. elections. (Steven Ferdman/Getty Images)

Policy

Jump Crypto Adds $10M to Industry's U.S. Political War Chest, Raising PAC to $169M

The digital assets industry's Fairshake PAC is a congressional heavyweight with recent influxes, and its latest filings will indicate it still has $109M to spend.

Jump Crypto's new $10 million donation to the industry's Fairshake PAC further bolsters the U.S. campaign juggernaut. (CoinDesk/Alexander Mils, Unsplash)

Policy

Senate Bill Could Open Crypto to U.S. Sanctions, but Industry Trying to Head It Off

The industry says a surprise section in a recent spending bill could slam crypto with sanctions threats, but a key Senate office is now meeting with digital assets sector insiders.

A U.S. Senate committee passed a spending bill with a surprise crypto provision. (Jesse Hamilton/CoinDesk)

Finance

Fidelity International Tokenizes Money Market Fund on JPMorgan’s Blockchain

The U.K. firm joined JPMorgan’s Tokenized Collateral Network (TCN), piloting the tokenization of its own money market fund with Onyx Digital Assets.

(Shutterstock)

Finance

Bitcoin ETFs, Bankruptcy Paybacks Have Given Crypto Lending a Second Wind

Crypto lending firm Ledn survived the crypto winter by being "boring, slow and safe," according to a co-founder.

Ledn co-founders Mauricio Di Bartolomeo (left) and Adam Reeds (Ledn)

Finance

Customers Bank Said to Debank Some Digital Asset Hedge Funds

The move is not a widespread debanking of hedge-fund clients, but rather the offboarding of inactive accounts, one person said.

A Customers Bank poster at Consensus 2022.