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Crypto

Ripple adds Canton Network support to Ripple Custody, targets Wall Street tokenisation market

Ripple has added support for the Canton Network to version 1.43 of its institutional platform Ripple Custody. The update allows banks and funds to hold Canton Coin and CIP-56 tokens within a single secure environment. The move is seen as expanding infrastructure aimed at Wall Street’s real-world asset tokenisation market. The Canton Network focuses on privacy for multi-party transactions, while CIP-56 supports delivery-versus-payment settlement without cross-chain bridges.

Crypto

TD Cowen flags shift as bitcoin moves beyond an investment asset

Bitcoin is moving beyond a simple investment asset toward use as institutional financial infrastructure, TD Cowen said in a memo after the Bitcoin Treasuries conference in New York. The investment bank said interest is not limited to accumulation, but is expanding to the ecosystem being built around bitcoin. It pointed to growth in custody, product design and operational structures as institutional participation rises, alongside deeper involvement by major banks in bitcoin-based technology and crypto products.

Crypto

Bitwise\'s NEAR spot ETF wins first U.S. listing approval, trading seen around Sept. 29

Bitwise’s spot exchange-traded fund tracking NEAR won approval for its first U.S. listing, clearing NYSE Arca listing approval and the SEC’s registration effectiveness, CoinPost reported. The ticker is NRR and trading is expected to start around Sept. 29. The fund stakes all NEAR it holds and charges a 0.75 percent annual fee, with about 33 percent of staking income deducted for costs. Coinbase Custody will hold tokens and BNY Mellon will handle cash and administration.