Animoca-backed NUVA connects Figure's $19 billion of tokenized assets to Ethereum
NUVA, an Animoca-backed Ethereum marketplace, now connects Figure's $19 billion in tokenized real-world assets to DeFi. The platform launches with Treasury-linked yield vaults and home equity line of credit tokens, enabling retail investors to access institutional-grade products. Led by ex-BNY executive Anthony Moro, NUVA aims to democratize blockchain asset distribution globally without India-specific focus currently.
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Telecom giant KDDI to acquire 14.9% stake in Coincheck Group in $65 million deal
Japanese telecom giant KDDI is acquiring a 14.9% stake in Coincheck Group for $65 million, with closure expected in June. The partnership includes revenue sharing and customer referral agreements to expand crypto access across Japan. KDDI gains board nomination rights, strengthening its Web3 and metaverse strategy following previous crypto wallet initiatives. This signals institutional adoption momentum in Japan's crypto market.
Crypto wallet provider Ledger puts U.S. IPO plans on hold due to market conditions
Ledger, the French hardware wallet provider, paused its $4 billion U.S. IPO plans citing unfavorable market conditions. The firm had engaged Goldman Sachs, Jefferies, and Barclays for the offering but hasn't filed formally with the SEC. Weak crypto token prices and volatile equity markets are dampening investor appetite for digital-asset listings, following BitGo's underperforming 2026 debut.
Anthropic, OpenAI tokens plunge as AI firms say pre-IPO share transfers are invalid
Tokens on Solana that claim to track the private-market valuations of Anthropic and OpenAI dropped sharply this week after both AI companies warned that the structures used to back the tokens may be invalid....