Securitize Begins Issuing Tokenized Securities in Europe and Blackrock Starts 'Digital First' Investment in India

Jul 27, 2023
Market Update $BTC and $ETH were each flat today, declining 0.11% and 0.14%, respectively. Most altcoins have had a relatively uneventful day as well, apart from a few standouts. One of these is on chain analytics protocol Arkham Intelligence ($ARKM), which has risen 6.08% after declining the past week following its airdrop of 30 million tokens to ~65k wallets. $DOGE also continues to outperform, rising on speculation that Elon Musk could integrate the memecoin into Twitter (now named "X"). Equity markets continue outperforming crypto - SPX has risen 0.69%, and NDQ has risen 1.56% after the release of strong GDP numbers and Meta earnings results. BlackRock, the global investment giant, is expanding its presence in India through a strategic collaboration to introduce a "digital-first offering" in the country. On July 26, BlackRock officially unveiled a joint investment initiative with Jio Financial Services (JFS), a division of Reliance Industries led by Indian tycoon Mukesh Ambani. Both companies intend to invest up to $150 million in a 50:50 joint venture. Dubbed "Jio BlackRock," this venture seeks to offer "tech-enabled" access to affordable and innovative investment solutions to millions of investors across India. The project will leverage BlackRock's expertise in inves

Unlock this article with a FREE 30-Day Trial!

An FSI Pro, or FSI Crypto subscription is required in order to access this content.

*Free trial available only on a monthly plan

Reports you may have missed

MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC -1.09% falling to $60k and ETH -1.73% approaching the low $2,300s. Aptos (APT 0.24% ) is one of the few gainers in the top 100 tokens as they have strengthened their presence in Japan via an acquisition of HashPalette, a Japanese NFT service provider and developer of Palette Chain. AAVE -4.63% is also showing slight gains following...

CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -1.09% climbing back above $61,000 and SOL -3.34% moving above $145, while ETH -1.73% is lagging, trading around $2,400. Among today's outperformers is SUI -5.65% , which appears resilient despite a $115 million token unlock yesterday. Oil is partially retracing its early rally, gold is lower on the day, and yields are moving higher, suggesting at least a temporary reversal of...

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 1/1

Enjoyed the read? Subscribe now for unlimited access!

Get invaluable analysis of the market and stocks. Cancel at any time.

Already have an account? Sign In