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AI & Enterprise

WisdomTree expands tokenised fund offering to Solana

Global asset manager WisdomTree is expanding its tokenised fund lineup to the Solana network, Cointelegraph reported on Jan. 28. WisdomTree said the expansion will allow all of its tokenised funds to be traded on Solana, and enable institutional and retail investors to issue, trade and hold funds directly. Meredith Hannon said Solana’s infrastructure can meet crypto-native demand while maintaining regulatory standards expected by institutions.

AI & Enterprise

Microsoft quarterly revenue beats estimates as Azure cloud grows 39 percent

Microsoft beat expectations for its fiscal second-quarter results, helped by growth in its cloud computing business. Revenue for the quarter ended in December came to $81.3 billion, up 17 percent from a year earlier, the Wall Street Journal reported. Net profit was $38.5 billion, also above estimates, while operating profit rose 21 percent to $38.3 billion. Azure cloud computing grew 39 percent, in line with forecasts.

Crypto

Fidelity to enter stablecoin market, launch FIDD in February

Fidelity, which manages $6 trillion in assets, will issue the Fidelity Digital Dollar (Fidelity Digital Dollar, FIDD) in February and move into the stablecoin market, Cointelegraph reported on Jan. 28, citing Bloomberg. Cointelegraph said the move is a strategic push to extend the existing financial system using blockchain. Fidelity Digital Assets President Mike O'Reilly said stablecoins will become central to real-time payments and settlement services.