Hong Kong-based cryptocurrency exchange OSL Group has raised $300 million in an equity sale. OSL, which was the first exchange to win a license from the Hong Kong Monetary Authority (HKMA), said it will use the new capital to develop new business initiatives, such as building payment and stablecoin services. Hong Kong will start allowing … Read more
Demand for trading stocks on-chain is real. Switzerland-based Backed Finance's tokenized U.S. equities product, xStocks, has seen a cumulative trading volume of over $300 million less than a month since going live on Bybit, Kraken, and Solana decentralized finance (DeFi) platforms. xStocks are 24/7 onchain tokens representing shares in publicly traded U.S. firms. Each token … Read more
Cryptocurrency miner BIT Mining is shifting its focus to Solana with plans to raise up to $300 million to acquire SOL tokens. BIT Mining said it wants to “capture emerging opportunities across the broader blockchain” industry and attract investors seeking exposure to Solana in an announcement on Thursday. The company’s New York Stock Exchange-listed shares … Read more