The transaction includes the absorption of select Bitcoin focused trading strategies with a focus on yield generation as well as a 10 person derivatives trading team
The agreement reflects the UAE’s continued push to position itself as a global hub for digital finance, supported by a clear regulatory framework governing virtual assets, custody, and digital asset infrastructure
This partnership connects the platforms to provide a solution for financial institutions, asset issuers, and application providers that look to strategically scale their tokenised products
The onboarding makes BDACS Korea’s first regulated digital asset service provider to access blockchain-native, regulated investment products via an institutional securities partner
Under the terms of the partnership, Ripple has invested in TJM, and will continue to provide infrastructure to support TJM’s execution and clearing services
The integration builds on the company’s existing Lightning Network offering, intended to provide institutions with a simplified and secure way to leverage the speed of Lightning
The protocol currently supports integrations with tokenised treasury assets issued or managed by Wellington Management and other asset managers, enabling 24/7 instant liquidity
BitGo Bank & Trust, N.A. will operate under a single, uniform federal supervisory regime, which the bank says will enable it to deliver clarity, governance, and regulatory certainty
