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blockonomi.com Hong Kong Firm Bets $200M on Tether Gold and Bitcoin Infrastructure

TLDR DL Holdings has announced a $200 million investment in digital assets focused on Tether Gold and Bitcoin mining. The company plans to invest up to $100 million in Tether Gold over the next twelve months. DL Holdings has already made an initial $5 million investment in Tether Gold earlier this year. Antalpha will support [...] The post Hong Kong Firm Bets $200M on Tether Gold and Bitcoin Infrastructure appeared first on Blockonomi.

blockonomi.com Stripe-Incubated Tempo Closes $500M Round, Reaches $5B Valuation

TLDR Tempo has raised $500 million in a Series A funding round. The funding round values Tempo at approximately $5 billion. Stripe and Paradigm incubated Tempo but did not invest in this round. Thrive Capital and Greenoaks led the investment along with Sequoia, Ribbit, and SV Angel. Tempo is a Layer 1 blockchain optimized for [...] The post Stripe-Incubated Tempo Closes $500M Round, Reaches $5B Valuation appeared first on Blockonomi.

blockonomi.com Ondo Finance Pushes Back on Nasdaq’s Tokenization Rule: Here’s Why

TLDR: Ondo Finance urges SEC to delay Nasdaq’s tokenized trading rule until DTC reveals settlement framework. The firm warns hidden details on tokenized clearing could give unfair market advantages to incumbents. Nasdaq’s plan depends on DTC systems that remain undisclosed, raising competition and access concerns. Ondo says the proposal fails to meet Exchange Act standards [...] The post Ondo Finance Pushes Back on Nasdaq’s Tokenization Rule: Here’s Why appeared first on Blockonomi.