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Search results for Tokenised securities

Crypto

Crypto market maker Wintermute to bet up to $1 billion on AI and high-frequency trading to expand into traditional finance

Crypto market maker Wintermute plans to invest up to $1 billion over the next five years in AI data centre infrastructure and high-frequency trading as it expands into traditional finance. It aims to raise non-crypto market activity to more than 50% of its business by the end of 2027, from about 10% now. The firm also plans to double staff at its New York office and increase global headcount by about 40%.

Crypto

NH Investment Securities to build tokenised securities platform with Koscom, consider bond tokenisation

NH Investment Securities will work with Koscom to build a tokenised securities (STO) platform and develop business models, including reviewing tokenisation of standard securities such as bonds. The two signed an MOU on Aug. 12 to prepare for the enforcement of laws related to institutionalising tokenised securities in February 2027. They plan phased cooperation on platform and distributed ledger technology, asset and model development, and technical verification before launch.

Fintech

Mirae Asset Securities Q2 operating profit nearly 2.49 trillion won, up 397.5 percent year on year

Mirae Asset Securities posted a second-quarter operating profit of 2.49 trillion won, nearly 2.5 trillion won, helped by stronger brokerage and wealth management results and improved performance at overseas subsidiaries. Revenue rose to 21.63 trillion won and net profit to 1.91 trillion won, both sharply higher from a year earlier and the prior quarter. Total client assets climbed to 784 trillion won, while overseas subsidiaries posted about 609.1 billion won in pretax profit.