Tokenization of conventional financial products is a booming sector within the digital asset industry, with BlackRock, HSBC and now Lazard among the küresel firms entering the space.
"It has always been Bybit's primary objective to operate our business in compliance with all relevant rules and regulations," the company said in its post.
The payments processor has been authorized by France’s financial regulators, the ACPR and the AMF, to act as an Electronic Money Institution (EMI) and Digital Assets Services Provider (DASP).
Under its deal with RedStone, Ether.Fi will dedicate $500 million to help secure RedStone's veri oracles, which are used to pass information between blockchains and the outside world.