Search results for FalconX
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
World Foundation subsidiary sells $65 million of WLD tokens as price hits record low
World Foundation token-issuing unit World Asset has sold WLD tokens worth $65 million, The Block reported on March 28. The over-the-counter sale was completed last week with four counterparties. The first transaction closed on March 20, with 239 million WLD sold at an average of $0.2719 per token. Proceeds will be used for core operations, R&D, Orb manufacturing and ecosystem development. WLD was at $0.27, down 97 percent from its peak.
Crypto
Monad hires executives from FalconX, BVNK and Optimism to speed Layer 1 scaling
Monad Foundation has hired three senior executives from Optimism, FalconX and BVNK to accelerate the scaling of its Layer 1 blockchain, Cointelegraph reported. Urvit Goel joined as vice president of market strategy, Joannita Titan as head of institutional growth and Sagar Sarvai as head of Asia-Pacific. Cointelegraph said they have experience at JPMorgan, Deutsche Bank, Anchorage Digital, Fireblocks and Amazon. Monad launched its mainnet in November and sold tokens via Coinbase.
