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Crypto Biz: Worldcoin expands, Saudi Aramco considers digital assets, and more

Press Releases Crypto News Cointelegraph Crypto Biz: Worldcoin expands, Saudi Aramco considers digital assets, and more

Traditional financial firms are increasingly connecting services, portfolios and operations with digital assets, taking advantage of the crypto winter to build and find a market fit for crypto-related solutions.

Recent examples include Deutsche Bank’s asset management arm, DWS, which announced a new venture with Galaxy Digital and Flow Traders to jointly issue a euro-denominated stablecoin. In another development, oil company Saudi Aramco signed an agreement with financial services firm SBI Holdings about a possible collaboration on digital assets and co-investment in SBI’s digital asset portfolios.

Meanwhile, in the United Kingdom, pension fund M&G has invested $20 million in the country’s first regulated Bitcoin (BTC) derivatives exchange, Global Futures & Options Holdings.

Crypto firms are also gearing up to receive additional demand from institutional investors in 2024. On Dec. 13, the Iota Foundation announced an integration with Fireblocks to allow the tokenization of real-world assets.

Check out this week’s Crypto Biz to learn more about the continuous transformation of the finance landscape, including S&P Global’s stablecoins rating, Worldcoin’s retail integrations and Coinbase’s international crypto spot trading.

Japan’s SBI looks to Saudi Aramco to continue Middle East expansion

Japanese financial services firm SBI Holdings and Saudi Arabian state-owned oil company Saudi Aramco are considering teaming up on digital asset investment and semiconductor production projects. The two signed a memorandum of understanding on cooperation that includes establishing SBI Middle East in Riyadh as a base for regional operations. According to the document, SBI and Saudi Aramco will consider collaborating on digital assets and co-investing in their digital asset portfolios. They may also identify Japanese digital asset start

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Author: Ana Paula Pereira

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