S&P Dow Jones Is Adding Crypto Indices in 2021

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  Tokenized Assets ‘Expand Participation in Equity’ and Bring Wall Street On-Chain: Exodus

  The tokenization industry has gained momentum at breakneck speed. New use cases are continually emerging, with Boston Consulting Group projecting that the total size of this nascent sector could reach $16 trillion by 2030. Others believe it might take a little extra time. McKinsey recently forecast that the market capitalization of tokenized assets will hit $2 trillion by the end of the decade—and potentially $4 trillion in a bullish scenario. That would eclipse the current value of all cryptocu...

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  ‘Users Need Safety’: Former SpaceX Manager Raises $4.2M for Crypto Platform Stackup

  Stackup, an enterprise-grade platform for managing on-chain business operations, said on Friday that it secured $4.2 million in seed funding. The Los Angeles-based firm, which previously built account abstraction tech for Coinbase and Trust Wallet, said it will use the funds to further develop its platform, which gives businesses “centralized control of decentralized assets,” according to the company’s website. Stackup’s seed funding round was led by venture capital firm 1kx, with participation...

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  Former Celsius CEO Alex Mashinsky Forfeits All Claims to Bankruptcy Proceeds

  Former Celsius CEO Alex Mashinsky has agreed to forfeit all claims to the bankrupt crypto lender's assets, clearing the way for additional creditor distributions. The agreement, filed Monday in the U.S. Bankruptcy Court for the Southern District of New York, prohibits Mashinsky and three related entities (AM Ventures Holdings Inc., Koala1 LLC, and Koala3 LLC) from receiving any bankruptcy proceeds. All of Mashinsky's claims submitted or scheduled on his behalf be "withdrawn, disallowed, and sha...