The decision classifies crypto, including Bitcoin, as capital assets, resolving ambiguity that previously surrounded crypto taxation.
Decrypt
You can visit the page to read the article.
Source: Decrypt
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Zoth and Singularity Finance Launch ZTLN Prime to Bring Institutional Grade Funds On-chain
Gros Islet, St. Lucia, December 17th, 2024, Chainwire Zoth, a leading real-world asset (RWA) ecosystem that brings fixed-yield-generating, institutional-grade, high-quality RWAs on-chain, has partnered with Singularity Finance to introduce Zoth Tokenized Liquid Notes Prime (ZTLN-P) . Backed by U.S. Treasury ETFs and money market funds (MMFs) managed by trusted asset managers and custodied with Doo Group, ZTLN Prime offers institutional investors a secure solution for optimizing treasury assets while generating consistent returns. A Strategic Partnership for Smarter Treasury Management Singularity Finance (SFI), partnering with Zoth for ZTLN-P’s launch, combines strategic treasury management expertise with an advanced tokenization framework. It optimizes DeFi yields while ensuring safety and liquidity, and its framework enables compliant tokenized funds for blockchain transition of real-world and AI-related assets. This comprehensive solution addresses key tokenization challenges through a robust legal structure, reputable service providers, and liquidity pools for token redemption. Together with Zoth’s expertise in GTM strategies for bringing tokenized traditional financial instruments on-chain, this collaboration offers asset managers and institutional investors a streamlined solution to efficiently manage their organization’s treasury while generating consistent returns. Drawing on its deep expertise in decentralized markets and investment strategies, Singularity Finance’s tokenization framework facilitates the launch of ZTLN-P. ZTLN-P is designed to provide optimized, low-risk yields without lock-in periods to its investors. SFI’s tokenisation framework also offers robust access to regulatory compliance, adhering to the Cayman Islands Monetary Authority (CIMA) and the Mutual Funds Act (2021 Revision). ZTLN-P complies with global regulatory standards, offering a secure and accessible solution for investors. Bringing TradFi-Backed Security to On-Chain Treasury Solutions The strength of ZTLN-P lies in its asset backing. By leveraging Blackrock-managed iShares ETFs and MMFs focused on the U.S. Treasury bills, ZTLN-P delivers predictable, low-risk returns with unparalleled liquidity, making it an attractive option for investors seeking stability in the traditionally volatile DeFi yield space. Unlike high-risk DeFi strategies that drive volatility, ZTLN-P prioritizes safety, liquidity, and transparency, setting a new standard for institutional-grade DeFi products. This emphasis on low-risk, compliant financial instruments positions ZTLN-P as the gold standard for RWA tokens, giving institutional investors confidence that their capital is deployed in rigorously vetted strategies designed to preserve principal and generate steady yield. “ZTLN-P is an industry-driven product that aligns institutional-grade short term investments such as Blackrock iShares Treasury Bond ETF with the efficiency and transparency of blockchain,” said Pritam Dutta , CEO of Zoth. “With Singularity Finance’s one-of-a-kind expertise, this partnership marks the beginning of a new era where DeFi is no longer a speculative market but a legitimate alternative to traditional finance.” Mario Casiraghi, Co-founder of SingularityDAO and Singularity Finance commented: “ZTLN Prime is a transformative step toward bridging the gap between traditional finance and decentralized finance. By combining Zoth’s expertise in tokenizing high-quality real-world assets we’re delivering an institutional-grade product that embodies safety, liquidity, and transparency for the global web3.0 ecosystem. This partnership sets a new standard for on-chain financial solutions, ensuring that institutional investors can confidently navigate the DeFi space while enjoying consistent, low-risk returns.” Cloris Chen, CEO at Singularity Finance concluded: “One of the core pillars of Singularity Finance is to build an ecosystem that serves as a home for RWA projects, enabled through the SFI tokenization framework. This partnership with Zoth represents an important milestone for SFI, and the launch of ZLTN Prime unlocks a new & innovative way for the global web3.0 ecosystem to manage and grow their treasury, unlocking new opportunities in the DeFi ecosystem while maintaining the highest standards of compliance and trust.” About Zoth Zoth is a retail-focused RWA ecosystem connecting on-chain and traditional finance through institutional-grade fixed-income offerings. The ZothFi marketplace empowers accredited investors, asset owners, and institutions with seamless access to alternative assets, fostering a globally inclusive financial system. Learn more at: www.zoth.io About Singularity Finance Singularity Finance is the first AI-centric EVM-compatible L2 blockchain bringing the AI economy on-chain. It offers a fully compliant RWA tokenization framework to tokenize and monetise the AI value chain in its entirety. Stemming from the SingularityNET ecosystem and closely tied to the Artificial Superintelligence Alliance, Singularity Finance is poised to become the financial chain for everything AI. Learn more at: https://www.singularityfinance.ai/ Contact Avishay Litani pr@marketacross.com Decrypt
Kraken Institutional 2024 in review: A year of innovation and growth
It’s been an incredible launch year for Kraken Institutional. We’re already gearing up for an even bigger and better 2025, with exciting new products and initiatives designed to deliver even more value to our institutional clients. Looking back on the past 12 months, we’re proud of the progress we’ve made in expanding our suite of institutional-grade crypto solutions. Some of the key highlights from our year include: Launching Kraken Institutional On February 27, 2024 we launched our comprehensive platform designed specifically for institutions looking to add digital assets to their portfolios. Our full suite of crypto tools provide the infrastructure and support they need to navigate the complex world of institutional crypto. Debuting qualified custody Our purpose-built digital asset custody solution provides our clients with the unique security, transparency and regulatory compliance requirements institutional clients demand. Reaching new all-time highs for Kraken futures trading volume As our derivatives business reached all-time high volumes in 2024, we rebranded our regulated offering as Kraken MTF. This enabled us to provide our clients with even more sophisticated trading tools and instruments, further solidifying our position as a leader in the institutional crypto space. Expanding the reach of OTC RFQ Our RFQ client base has grown 50% in the same period, thanks to the OTC team’s continuous improvements to our automated OTC trading feature to ensure it meets the needs of our HNWI and institutional clients. Kraken Institutional’s 2024 growth by the numbers Key statistics demonstrate the momentum we’ve built this year: 142% YoY spot volume growth : Our spot trading volumes have seen explosive growth, with a 142% increase year-over-year. 57% YoY stables volume growth : Our stables volumes have also seen significant growth, with a 57% increase year-over-year. OTC volume and client growth : Our OTC volumes have also experienced significant growth, with 54% increase year-over-year. Futures volume growth : Our futures volumes have seen a 513% increase year-over-year. 300+ asset pairings : We added 124 new listings to our platform, bringing our total number of asset pairings to over 300. Community engagement and thought leadership We’ve also been committed to engaging with the wider institutional crypto community, participating in over 20 major events and conferences throughout the year, including the Digital Asset Summit and Exchange . We hosted the Wyoming Blockchain Symposium , which provided a unique opportunity for industry leaders to come together and share their insights and expertise. We’re excited to announce that we’ll be sponsoring this event again in 2025 . As we look to the future, we’re excited to build on the momentum we’ve established in 2024. With a packed roadmap of new products and initiatives, we’re confident that 2025 will be an even bigger and better year for Kraken Institutional. Stay tuned for more updates, and thank you again for your partnership and support. Learn more about Kraken Institutional These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are regulated and others are unregulated; regardless, Kraken may or may not be required to be registered or otherwise authorised to provide specific products and services in each market, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply. See Legal Disclosures for each jurisdiction here . The post Kraken Institutional 2024 in review: A year of innovation and growth appeared first on Kraken Blog . Decrypt