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The Wall Street investment bank estimates the crypto firm holds at least 148 tonnes of physical gold holdings, joining top 30 global holders of bullion.
The bitcoin-friendly nation's central bank now holds over $360 million of the yellow metal, while the government, led by President Nayib Bukele, has bitcoin holdings worth $635 million.
While Coinbase said that the crypto market structure bill would essentially ban tokenized securities, companies in that sector say that's not the case.
The crypto exchange's new derivatives offering is regulated by the CFTC and will mirror the functions of the increasingly popular perpetual contracts currently not available in the U.S.
DeFi protocols are expanding into tokenized real-world assets, with crypto-native asset managers playing a key role in capital allocation and governance, according to a new report.
Tokenization of assets could save significant costs for asset managers and issuers, driving broader adoption, the report noted.
Krisztian Sandor
Krisztian Sandor recently graduated from NYU's business and economic reporter program as a Fulbright fellow and worked with Reuters and Forbes previously.