News with the tag "mutual fund"

Hold onto your hats, crypto enthusiasts! The investment landscape just got a whole lot more interesting. For those watching the burgeoning world of digital assets, particularly Ethereum, this is a moment you won’t want to miss. Global asset management giant ProShares, known for its pioneering spirit...

Six mutual funds tracking the price of bitcoin (BTC) will debut in Israel next week after the Israel Securities Authority (ISA) granted permission for the products, Calcalist reported on Wednesday. All six will start operations on the same day, Dec. 31, a condition imposed by the regulator, Calcalis...

Asset management titan BlackRock is reportedly in talks with numerous crypto exchange platforms about using its proprietary token BUIDL as collateral for derivatives contracts. According to a new report by Bloomberg, anonymous people familiar with the matter say the world’s largest asset manager is ...

Financial services titan Franklin Templeton says it’s building a money fund for regulated securities on the smart contract platform Solana (SOL). In a session during the Solana Breakpoint 2024 event, Mike Reed, Franklin Templeton’s head of digital asset partnership development, says that the investm...

Trillion-dollar asset manager Franklin Templeton has revealed plans to adopt the Solana network for its on-chain mutual fund. Another Wall Street giant, Citibank, is also exploring using Solana to process transfers and other smart contract services. These developments are undoubtedly positive for th...

The Depository Trust & Clearing Corporation (DTCC) has announced the successful completion of its Smart NAV pilot, leveraging Chainlink’s technology to enhance its Mutual Fund Profile Service I (MFPS I). The initiative aims to bring trusted data to blockchain ecosystems, facilitating more efficient ...

The potential integration of Bitcoin into the mutual fund industry marks a significant juncture in the world of finance. This development has far-reaching implications, not only for the cryptocurrency market but also for traditional investments. Bitcoin, the top cryptocurrency by market capitalizati...

Franklin Templeton aims to enhance its operational efficiency by expanding its money market fund on Polygon. The plan is to bring more value for the fund’s shareholders by enhancing security, reducing costs, and enabling faster transaction processing.