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Korea Exchange\'s Park Sang-wook elected to CCP Global executive committee
Korea Exchange said on June 25 that Park Sang-wook (박상욱), head of its clearing and settlement division, has been elected to the executive committee of the Global Association of Central Counterparties, known as CCP Global. Park was elected at CCP Global’s general meeting held on June 24 local time in Amsterdam. The association represents central counterparties that provide clearing and settlement services in capital markets.
Crypto
21Shares lists STRC ETN on London Stock Exchange linked to Strategy preferred shares
Asset manager 21Shares has listed the Strategy-linked STRC ETN on the London Stock Exchange, giving UK investors access via a locally listed product. The 21Shares Strategy Yield ETN tracks Strategy’s floating-rate Series A perpetual preferred shares, “Stretch”, linked to its bitcoin-focused treasury policy. Executives highlighted an 11.50 percent yield paid monthly in cash. Strategy’s financing structure may involve bitcoin sales to fund dividends.
Crypto
Flow Traders enters tokenised asset market via 24-hour OTC platform
Crypto market-making firm Flow Traders is entering the tokenised asset market through a 24-hour over-the-counter trading platform, The Block reported on March 19. The platform supports trading in tokenised money market funds, stocks and commodities, and provides two-way liquidity for assets including Franklin Templeton\'s onchain money market fund BENJI and Tether Gold. It is limited to pre-vetted institutional investors that complete onboarding and KYC procedures.
