BlackRock said tokenization of money market fund shares as collateral in clearing and margining transactions would dramatically reduce the operational friction in meeting margin calls.
Traders expect risk assets to fall further should geopolitical tensions continue to rise.
The 20 million WOO tokens repurchased from 3AC have been sent to a burn address.
He had hoped to continue Alameda Research as an investment firm and infrastructure developer, but claimed in the posts that Alameda wouldn’t actively trade.
Liquidity refers to market’s ability to absorb large orders at stable prices.
Ellison, the former Alameda CEO, testified Tuesday that she was consulted on FTX’s investment portfolio.
The Culture, Media and Sport Committee, which includes representatives from several U.K. political parties, started an inquiry into non-fungible tokens in November.
London-based asset manager Fasanara Capital led the investment round and has opened two private tokenized credit pools on the platform.
Meanwhile, bitcoin’s dominance continues to climb.
A bankruptcy judge rebuffed Three Arrows Capital’s request to lift a stay on its claim against BlockFi, setting a January mediation he hopes negates the need for a February hearing.