Tag:

blockchain

Brazil’s Mercado Bitcoin Bets on ‘Invisible Blockchain’ Approach to Build Financial Super App

by admin October 4, 2025

Twelve years after launching as a cryptocurrency exchange, Mercado Bitcoin aims to be something entirely different.

Less focused on price charts and trading pairs, the São Paulo-based company now talks more about Brazil’s central bank’s PIX payments, digital fixed income, and streamlined remittances.

Mercado Bitcoin’s head of corporate development, Daniel Cunha, told CoinDesk in an interview on the sidelines of the exchange’s DAC 2025 conference that the firm wants to become the app where Brazilians manage their financial lives. A kind of “super app” for spending, saving, and investing.

Yet, calling MB a “super app” may not quite capture the essence of the strategy. Its leadership prefers a different term: a financial hub that blends legacy finance with blockchain, letting users tap into both without needing to understand either.

“The revolution happens when the protocol disappears,” Cunha told CoinDesk. “The customer doesn’t want to hear about blockchains and tokens. They want to know the rate, the risk, and the maturity date,” he said, referring to the exchange’s tokenized fixed income offerings.

‘Invisible blockchain’

That thinking has reshaped how MB presents itself to users. Instead of relying on crypto-native vocabulary, the company now emphasizes features in its offering. One major change involved scrapping the term “tokenization” in user-facing materials altogether, Cunha said.

“We tried a ton of variations,” Cunha said. “When we stopped saying ‘token’ and started saying ‘digital fixed income,’ things took off.” The idea is to have a product whose backend is powered by blockchain technology, but the frontend remains more recognizable to the masses.

Essentially, MB’s bet is that “invisible blockchain” is the next frontier.

“We’re going to see a lot of people use blockchain without realizing they’re using blockchain,” MB said. “That’s when you know the revolution has happened.”

The firm’s flagship blockchain-based investment products focus on tokenized private credit, a segment it believes is underserved and ripe for disruption in Brazil.

Brazil ranks among the top five countries for retail crypto usage, according to Chainalysis’ Global Crypto Adoption Index. MB is positioning itself as an answer to a pain point common in the country through a stablecoin-based remittance service.

A pivot from trading

Despite all the new initiatives, MB’s core business, crypto trading, still accounts for the majority of its revenue. But that balance is shifting.

At its peak, trading made up 95% of the firm’s income. Today, that number is closer to 60%, with the rest coming from payments, custody, tokenized investments, and services like asset management. Over time, the company expects trading to fall below 30%, Cunha revealed.

As part of that shift, the firm is also expanding geographically. It now has a client-facing operation in Portugal and is building institutional channels in the U.S., aiming to link capital and investment opportunities across markets.

Mercado Bitcoin, where a significant portion of assets under management are made up of small and medium enterprises’ treasuries, expects to surpass 3 billion reais ($563 million) in tokenized credit issuance by year-end. About 20% of assets under custody on the platform are now tokenized real-world assets (RWAs), up from virtually zero just a few years ago.

The pivot sits within a wider push to build “financial super apps.” Coinbase CEO Brian Armstrong has said Coinbase aims to be a crypto-powered “super app” that would provide “all types of financial services.”

Beyond crypto, fintechs such as Revolut and Paytm are bundling payments, lending and investing. The playbook borrows from WeChat and Alipay, apps that bundle social, financial, and other features.

Read more: Crypto Exchange Mercado Bitcoin to Tokenize $200M in Real-World Assets on XRP Ledger

Source link

October 4, 2025 0 comments

GameFi Guides

$21M in Bitcoin and Other Crypto Stolen From Japanese Miner SBI, Says Blockchain Sleuth

by admin October 1, 2025

In brief

Around $21 million in crypto was stolen from addresses tied to Japanese miner SBI Crypto, according to blockchain sleuth ZachXBT.
The blockchain sleuth says that the crypto has been laundered via Tornado Cash.
SBI Crypto has yet to acknowledge the suspicious transfers.

Suspicious outflows totaling about $21 million from addresses tied to Japan-based crypto miner SBI Crypto were labeled “stolen” by a blockchain expert.

Blockchain sleuth ZackXBT highlighted the movements from the company, writing on Telegram that the missing funds included Bitcoin, Ethereum, Litecoin, Dogecoin, and Bitcoin Cash.

He added that the funds were moved to “instant exchanges” or laundered through coin mixer Tornado Cash.

The incident is the latest in a series of breaches this year, including the $1.4 billion hack of crypto exchange Bybit and theft of almost $50 million from crypto neobank Infini. The total amount stolen from various crypto entities this year by the end of February had already nearly matched 2024’s full-year total.

Tornado Cash is a coin mixing app that allows users to hide their Ethereum transactions. The U.S. Treasury Department put the mixing service on the Specially Designated Nationals list in 2022 but removed it from the list this year.

The U.S. Justice Department and other law enforcement agencies globally have alleged that North Korean state-sponsored hacking group Lazarus Group had used the app to launder stolen funds. Investigators have linked Lazarus to the Bybit exploit and a number of other incidents. The group typically tries to hide stolen funds through decentralized exchanges and obfuscating apps.

ZachXBT wrote on Telegram that “several indicators share similarities to other known Democratic People’s Republic of Korea attacks.”

He added that SBI Crypto had yet to publicly disclose the incident.

Decrypt reached out to SBI Crypto but did not immediately receive a response.

SBI Crypto is a crypto mining pool owned by Japan’s publicly-traded investment management company SBI Group.

The company’s crypto arm, SBI VC Trade, last year agreed to take control of Bitcoin exchange DMM Bitcoin’s customer assets and accounts following a $308 million hack.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Source link

October 1, 2025 0 comments

Crypto Trends

Pundit Claims That Ripple Is Building The Banking System Right On The Blockchain Using XRP

by admin September 29, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Both Ripple and XRP have been a topic of debate in the crypto community for years. However, recent discussions have reignited interest in its current and future role within the global finance sector. Market experts are now asking whether XRP is genuinely reforming the financial system or simply recreating existing banking structures on the blockchain. Despite scrutiny, the cryptocurrency continues to have a significant influence on the cross-border payments industry.

Ripple To Replicate Traditional Banking With XRP

Market expert Xaif Crypto shared a video post on X social media, highlighting the views of Jeff Booth, a Canadian Entrepreneur and author best known for his bestselling book ‘The Price of Tomorrow.’ According to Xaif Crypto, Booth emphasized that XRP is essentially mirroring the existing traditional banking system rather than subverting it.

In the video, Booth elaborates that traditional bank models rely on creating money through lending and charging interest—a system that has remained largely unchanged for centuries. The Canadian author noted that while the concept of decentralization and blockchain-based money transfer is promising, applying it within a closed, controlled system for governments and banks may undermine its transformative potential.

His analysis underscored the nuances in the ongoing debate over the purpose of cryptocurrencies. He also stressed that not all participants in the crypto space are acting with ill intent, highlighting that some are genuinely attempting to innovate and transform the space. Nevertheless, replicating traditional banking practices on a decentralized ledger raises both philosophical and practical challenges.

Booth notes that if the blockchain merely reproduces a system based on perpetual interest and money creation, it may reinforce the very inequalities that decentralized technology was created to address. His commentary further suggested that while XRP may be a step toward modernizing banking infrastructure, it may not fully achieve the vision of a truly reimagined financial system that is decentralized and equitable.

XRP As A Foundation For The Digital Era

A contrasting perspective comes from crypto analyst Pumpius on X, who highlighted comments from Ripple CEO Brad Garlinghouse from years ago. According to him, Garlinghouse asserted that XRP, along with Bitcoin, has the potential to surpass traditional assets such as gold and diamonds.

Unlike gold, which has historically functioned as a long-term store of value, or diamonds, which rely on scarcity and luxury appeal, Pumpius stated that XRP is positioned as programmable money with global settlement capabilities. He underscored that altcoin is not merely a speculative asset but a structural component of the emerging digital economy.

By enabling rapid, programmable transactions, Pumpius declared that XRP could serve as the backbone for trade, settlements, and identity anchoring for the digital era. The analyst’s vision frames the asset as the foundation of a new monetary order, where traditional assets face competition from digital ones designed for efficiency and integration into global finance rails.

XRP trading at $2.88 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from iStock, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Source link

September 29, 2025 0 comments

NFT Gaming

How Digital Asset Treasury Firms Could Reshape Blockchain Economies, Hedge Fund Explains

by admin September 27, 2025

Crypto treasury firms that stockpile tokens could evolve from speculative wrappers into long-run economic engines for blockchains, argues Syncracy Capital co-founder Ryan Watkins.

Digital asset treasury (DAT) firms are publicly traded companies that raise capital to acquire and manage crypto on their balance sheets.

In a Sept. 23 blog post and an accompanying thread on X, Watkins said DATs already hold roughly $105 billion in assets across bitcoin, ether and other majors, a scale that few market participants have fully considered.

His core claim: a small number of these firms may mature into durable operators that help finance, govern and build within the networks whose tokens they hold.

Beyond speculation

Watkins said most attention has fixated on near-term trading dynamics — premiums to net asset value, fundraising announcements and “what’s the next token”—which misses the larger arc.

“We imagine select DATs becoming for-profit, publicly traded counterparts to crypto foundations, but with broader mandates to deploy capital, operate businesses, and participate in governance,” he wrote.

Because some DATs already control meaningful slices of token supply, their treasuries can be more than vaults; they can be policy and product levers inside ecosystems.

He pointed to crypto-native examples where scale matters: on Solana, RPC providers and proprietary market makers that stake more SOL can improve transaction landing and spread capture; on Hyperliquid, front ends that stake more HYPE can lower user fees or increase take rates without raising costs.

Access to large, permanent pools of native assets can help such businesses bootstrap and scale, he said.

Programmable money, productive balance sheets

Watkins contrasted these plays with MicroStrategy’s bitcoin-only strategy, which is largely about capital structure around a non-programmable asset.

He went on to say that by comparison, tokens on smart contract platforms — ETH, SOL, HYPE — are programmable and can be put to work on-chain.

DATs holding them can stake for fees, supply liquidity, lend, participate in governance and acquire “ecosystem primitives” such as validators, RPC nodes or indexers, turning treasuries into yield-generating balance sheets.

Structurally, he likened winning DATs to a hybrid of familiar models: the permanent capital of closed-end funds and REITs, the balance-sheet orientation of banks, and the compounding ethos of Berkshire Hathaway.

What makes them distinct, he said, is that returns accrue in crypto per share rather than via management fees, making the vehicles closer to pure plays on underlying networks than to traditional asset managers.

He argued that tools like common equity, convertibles and preferreds give DATs flexible funding to expand balance sheets, while on-chain yields can help manage that funding over time.

Winners—and risks

Watkins cautioned that “not all DATs will make it.”

He expects many first-generation vehicles—those heavy on financial engineering and light on operating substance — to fade as conditions normalize. As competition intensifies, he anticipates consolidation, experiments with more exotic financing and, at times, reckless balance-sheet moves if premiums flip to discounts and pressure builds.

In his view, the survivors will be those that pair disciplined capital allocation with operating chops, recycling cash flows into token accumulation, product building and ecosystem expansion. “Over time, the best managed ones could evolve into the Berkshire Hathaways of their blockchains,” he wrote.

Source link

September 27, 2025 0 comments

GameFi Guides

SWIFT to Test On-Chain System on Linea Blockchain

by admin September 27, 2025

SWIFT, the global interbank messaging network, is finally moving forward to test its on-chain messaging system on Linea, the Layer 2 blockchain developed by Consensys after months of negotiating. Several major banks, including BNP Paribas and BNY Mellon, will take part in the multi-month trial.

The test aims to explore how blockchain could improve speed and how easy the system can be programmed for international payments. According to a report by BigWhale, the banks will also test how stablecoin can be used to support tokenized transactions.

🔴 SCOOP: SWIFT picks Linea (Consensys’ L2) to test on-chain messaging

10+ banks incl. BNP Paribas & BNY Mellon join

A stablecoin is also being exploredhttps://t.co/RxBrcvV7mt

— The Big Whale 🐳 (@TheBigWhale_) September 26, 2025

“The project will take several months to see the light of day, but it promises a major technological transformation for the international interbank payments industry,” a source at one participating bank told reporters.

SWIFT’s decision to carry out this test is due to the growing interest in how blockchain technology be used in the process of traditional banking. So instead of sending multiple messages between accounts, transactions could just be recorded as single on-chain payments. Banks hope this will reduce costs and allow smoother connections with other tokenized financial assets, such as bonds and shares.

The interbank network connects more than 11,000 institutions around the world handling billions of messages every year. But SWIFT does not move the money itself, it only sends standardized payment instructions. Money flows through accounts held between banks, known as nostro and vostro, or through national settlement systems.

For example, if a French company pays a Brazilian supplier, SWIFT sends a standard message called MT103. The supplier’s bank gets the message and processes the payment. This system works but can be slow because it depends on many steps and relays.

Why did Swift choose Linea?

Linea, a Layer 2 network built on Ethereum, was reportedly chosen for its cryptographic privacy capabilities. This allows participating banks to test blockchain functionalities without exposing sensitive commercial information.

Currently, the pilot is exploratory, with technical challenges integrating with existing banking systems to be solved. The project brings together leading institutions, giving them an early view of how the world of international payments could change

Sources indicate that the trial could eventually enable payments and settlements to merge into one secure on-chain transaction, transforming how banks move money internationally.

Also Read: Cardano is 3rd Gen Blockchain, Others Took Shortcuts: Hoskinson

Source link

September 27, 2025 0 comments

NFT Gaming

What Is Hyperliquid? The Decentralized Exchange With Its Own Blockchain

by admin September 27, 2025

Decentralized perpetual futures exchange Hyperliquid has gone from being a market maker to one of the biggest crypto projects in the world.

Hyperliquid has processed trillions of dollars in volume in its lifespan and is now the third-largest decentralized exchange in crypto—trailing only industry veterans PancakeSwap and Uniswap.

It has been the talk of the town in 2025, but what exactly is Hyperliquid? Why do people care so much about it? And how did it grow to be one of the biggest projects in crypto?

What is Hyperliquid?

Hyperliquid is a decentralized exchange specializing in perpetual futures trading, built atop its own dedicated layer-1 network.

Its native token HYPE has been a roaring success, rising to become a top 20 cryptocurrency by market capitalization less than a year after launching.

Why do people care about Hyperliquid?

Put simply, Hyperliquid makes it easier for traders to speculate on the price fluctuations of cryptocurrencies, thanks to low fees, a large amount of available assets—and, of course, degenerate levels of leverage.

Fees on Hyperliquid range from 0.07% for low-volume taker spot trades, all the way down to 0% for high-volume perp maker fees, per the Hyperliquid docs. Taker traders are when liquidity is removed from the market, while makers add liquidity to the market. For comparison, Uniswap applies a 0.3% fee on trades.

Much like a centralized exchange, users can place trades on most of the major coins regardless of what chain they are on. Bitcoin, Ethereum, Dogecoin, TRUMP—all tradable in one place. Hyperliquid allows traders to use leverage of up to 40x. For comparison, the maximum leverage that Binance offers is 20x, and you have to meet certain requirements to access this tier.

As a result, it has become a battleground for degenerate wars between whales and the crypto community.

Notably, in March 2025, a whale opened a 40x leveraged short position worth $521 million against Bitcoin, which led to everyday traders teaming up in an attempt to liquidate the whale. Spectators were able to watch every movement on the Hyperliquid block explorer, which openly shows a wallet’s held positions, whether it’s in profit, and its liquidation price. The whale won in this instance, dumping the position for a $3.9 million profit.

All of these factors combined have led to Hyperliquid attracting over 700,000 total users since its 2023 launch and amassing a total volume of $2.7 trillion, according to its statistics dashboard.

Hyperliquid’s origin story

Hyperliquid was entirely self-funded and was built by a team of just 11 people, founder Jeff Yan told WuBlockchain in August 2025. He said the project rejected venture capital funding because it gives a fake sense of progression; instead, the team wanted to focus on “real progress” by giving value to users—not investors.

In 2020, Yan started to trade crypto and founded a market-making company, the earliest form of Hyperliquid. Two years later, he told the When Shift Happens podcast, its high-frequency market-making offering had effectively “capped out,” as he looked to grow the project.

That’s when Sam Bankman-Fried’s centralized exchange FTX imploded by using customer funds to cover losses at his trading firm Alameda Research. When a critical mass of users sought to withdraw their funds, their money wasn’t there, and the exchange was caught with its pants down. Bankman-Fried was found guilty on seven counts of fraud, money laundering, and conspiracy, resulting in a 25-year prison sentence.

“All of a sudden, people had a real reason not to trust centralized exchanges—and it wasn’t just mumbo jumbo intellectual stuff, they literally lost all this money, and it was because of centralized exchanges,” Yan told the podcast, calling it a “light bulb moment” indicating that the world was ready for decentralized finance.

The collapse of FTX, Yan said, was the catalyst that made Hyperliquid “go all in” on building a decentralized exchange.

In February 2023, Hyperliquid’s mainnet closed alpha went live. In its first five months, it claimed to have attracted 4,000 users, with 28 different assets available to trade. It hit full mainnet in August of that same year.

Hyperliquid experienced explosive growth following its $1.6 billion airdrop in November 2024—one of the biggest crypto airdrops of all time. Armed with goodwill among traders, Hyperliquid became the talk of the town going into 2025.

It hasn’t all been smooth sailing for the platform. In December 2024, Hyperliquid attracted unwanted attention from North Korean hackers snooping for vulnerabilities. A few months later, it faced a liquidation crisis and was forced to delist a Solana meme coin when a trader made a bet so bad that the Hyperliquid Foundation would’ve been forced to cover some losses.

The incident raised concerns around how the exchange handled heavily leveraged positions—with Gracy Chen, CEO of centralized exchange Bitget, claiming it could become “FTX 2.0.”

The future of Hyperliquid

Hyperliquid has proven to be relatively drama-free since these early growing pains, and has quickly established itself as a player in the crypto space.

As of this writing, according to DefiLlama, it has the eighth largest DeFi total value locked of any layer-1 network—ahead of chains like Aptos, Avalanche, and Linea. It also processes the third-highest monthly trading volume of any decentralized exchange, per DefiLlama.

With stablecoins becoming one of the dominant narratives in 2025, the question of whether Hyperliquid would issue its own stablecoin has inevitably been the subject of intense speculation.

Hyperliquid founder Yan said in the WuBlockchain interview that the Hyperliquid Foundation, the entity that supports the development of the Hyperliquid blockchain and its ecosystem, wouldn’t issue its own stablecoin.

However, in September 2025, the foundation opened submissions for teams to issue a “Hyperliquid-aligned” stablecoin, USDH. It attracted proposals from big-name players like Ethena, Paxos, and Sky, but ultimately went to a newly formed company in Native Markets. With USDH now live and trading, Hyperliquid now has a stablecoin that has dedicated half of its revenues to a protocol-driven buy back scheme.

Now, Hyperliquid faces direct competition from the emerging Aster decentralized exchange, which is offering higher levels of leverage and has the backing of Binance co-founder Changpeng “CZ” Zhao.

At the time of publication, Hyperliquid is ahead in terms of token valuation and trading volume—but how long will that last?

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Source link

September 27, 2025 0 comments

GameFi Guides

Theta Capital is Seeking $200M for its Blockchain Fund-of-Funds

by admin September 27, 2025

Theta Capital Management, an investment firm based in Amsterdam, is looking to raise $200 million for its newest blockchain fund-of-funds in 2025. The new fund, called Theta Blockchain Ventures V, will back between 10 and 15 venture firms that specialize in digital assets,

According to a report from Bloomberg, a spokesperson from Theta confirmed the fundraising plans and said the goal is to deliver a net return of 25%.

All this is coming at a time when venture capital in crypto space is slow even as prices of tokens push higher. In the second quarter of 2025, just $1.7 billion was allocated across 21 crypto-focused venture funds, according to data from Galaxy Digital.

This is far below the amounts raised during past bull markets when money poured into blockchain projects at a faster pace. Galaxy also reported that the rise in artificial intelligence has taken some attention away from crypto investments.

It also noted that spot exchange-traded funds (ETFs) and treasury products are now competing for institutional money, which has reduced the flow of capital to venture funds.

Theta’s Track Record in Blockchain

Theta has built experience in this space over several years. The company was founded in 2001 but shifted its focus to digital assets in 2018. Today, it manages about $1.2 billion in assets.

Earlier this year, it closed another fundraising round worth about $170 million and has built a track record across five earlier blockchain vehicles. From January 2018 through December 2024, those funds returned a net IRR of 32.7%, according to materials shared with investors.

The firm’s blockchain portfolio includes some of the biggest names in the industry. Pantera Capital, CoinFund, Polychain Capital, and Dragonfly are among the venture firms backed by Theta in earlier funds. These managers are active in many parts of the digital asset market, including decentralized finance projects, blockchain infrastructure, and token-based startups.

If the new fundraising succeeds, the $200 million raise will mark the sixth fund under Theta’s blockchain series.

Also Read: SWIFT to Test On-Chain System on Linea Blockchain

Source link

September 27, 2025 0 comments

Fear and greed index falls to new low, last seen in Oct 2023. (Chris Charles/Unsplash)

Crypto Trends

Experiment With Pension Funds Proves Blockchain as ‘Ultimate’ Identity Tech

by admin September 26, 2025

The United Nations leaned into blockchain technology to overhaul its own pension system, and a study of that process concluded the innovation is the “ultimate technology for digital identity verification,” which has spurred the UN toward extending the system and sharing it with other international groups.

The UN — which has explored various blockchain uses over the years — tried it out on their United Nations Joint Staff Pension Fund (UNJSPF), according to a white paper released this week that suggested its use in confirming people’s identities can help in security, efficiency and transparency. In cooperation with the Hyperledger Foundation, the UN sought to “improve and secure the UN pension process globally by putting a blockchain-supported digital identification infrastructure into production.”

The UN pension fund had been working off of a 70-year-old system to identify beneficiaries in 190 countries, relying on a paper-based approach to prove more than 70,000 beneficiaries were who they said they were, still alive and where they claimed to be. It was prone to error and abuse, and resulted in about 1,400 payment suspensions every year, according to the document. So the organization shifted to the blockchain-powered digital certification, beginning with a 2020 pilot program and a 2021 implementation.

“The shift away from physical documentation has substantially reduced processing times previously spent on receiving, opening, scanning, and archiving paper documents,” the paper said.

The blockchain helped eliminate the single-point-of-failure problem posed by a centrally managed approach, according to the paper that detailed the process and results, with the authors suggesting its success could be repeated elsewhere. Its open access and usability by multiple entities reduces the repetitious need for identity checks, the authors found.

The UN is exploring spreading similar technology throughout its own system and sharing it elsewhere as a “digital public good,” seeking to expand the Digital Certificate of Entitlement approach to other international organizations.

“The project has provided not only a technical prototype but also an operational model for how organizations across the UN family can collaborate to design secure, scalable, and inclusive digital public infrastructure,” wrote Sameer Chauhan, the director of the United Nations International Computing Centre, in a conclusion included in the paper.

Source link

September 26, 2025 0 comments

Crypto Trends

Global banks join SWIFT in blockchain test run on Consensys’ Linea

by admin September 26, 2025

SWIFT has reportedly mobilized a consortium including BNY Mellon and BNP Paribas for a pivotal experiment that includes migrating its core messaging system onto ConsenSys’ Ethereum layer-2, Linea.

Summary

SWIFT and banks including BNY Mellon and BNP Paribas are reportedly testing blockchain messaging on Consensys’ Ethereum layer 2, Linea.
The project follows SWIFT’s 2023 tokenization trials and supports digital asset tests planned for 2025.
A successful rollout could bring faster settlement, lower costs, and stronger cross-border payment infrastructure.

According to a Sept. 26 report from The Big Whale, the global financial messaging cooperative has initiated a development project with more than a dozen major institutions to experiment with putting its foundational messaging framework on-chain.

A source within a participating bank indicated the project is a multi-month endeavor, characterizing it as a precursor to a significant technological transformation for the interbank payments industry.

The selection of ConsenSys’ Linea was reportedly driven by its emphasis on privacy through advanced cryptographic proofs, a feature deemed critical for meeting stringent bank compliance standards.

SWIFT’s blockchain path was years in the making

Last year, SWIFT announced that live trials for digital asset and currency transactions across its network were slated for 2025. The current project with Linea appears to be the foundational technical work necessary to make those live trials feasible, moving the cooperative beyond theoretical research and into practical implementation.

Before this announcement, SWIFT published results from a series of trials that tested the movement of tokenized assets across both public and private blockchains. SWIFT’s research demonstrated that its existing secure messaging infrastructure could potentially function as a universal “interoperability layer,” connecting different distributed ledger technologies without requiring banks to undertake massive and costly systems integrations with each new platform.

The Linea project takes this concept a step further, exploring what happens when SWIFT’s own messaging core is migrated on-chain, potentially creating a more native and efficient settlement layer.

For banks, the implications are significant. SWIFT’s system links more than 11,000 institutions, yet it has long been criticized as cumbersome and overly dependent on intermediaries. A successful blockchain integration could mean faster settlement times, reduced costs, and a more resilient architecture for cross-border payments.

Source link

September 26, 2025 0 comments

Crypto Trends

Cardano is 3rd Gen Blockchain, Others Took Shortcuts: Hoskinson

by admin September 26, 2025

Cardano founder Charles Hoskinson has shared his thoughts on the network’s ambitious roadmap toward the Omega upgrade. He called Cardano as the true 3rd Gen Blockchain while slandering others for taking shortcuts.

In a post on X, Hoskinson said “The road to Omega is full of challenges and surprises” as he notes that the journey is meant to improve scalability and privacy while solving the technical problems that many blockchains face today.

The road to Omega is full of challenges and surprises, but it will solve the pillar of scalability once and for all. Midnight and partnerchains give us interoperability, and we are well on our way to governance being recursively self-improving.

Cardano is the ONLY true 3rd… https://t.co/igUUZUU4gO

— Charles Hoskinson (@IOHK_Charles) September 26, 2025

Leios Lite, an upcoming iteration, is a major part of this effort. According to TapTools, Leios Lite could increase Cardano’s throughput by 30 to 55 times. Input Output Global plans to roll it out gradually as part of the network’s Omega initiative.

FACT: Leios Lite will bring a 30–55x increase in throughput for Cardano.

IOG plans to roll out Leios in iterations, with Leios Lite as the first major step toward full deployment. pic.twitter.com/ms1OiswhB7

— TapTools (@TapTools) September 25, 2025

In addition to improving scalability, the founder mentioned the Midnight Network and partnerchains. These systems are designed to enable different blockchains to work together and help Cardano build smart rules that can improve over time.

Cardano has always aimed to compete with other major networks including Ethereum and Solana. Hoskinson believes Cardano must win against Ethereum in the long term, pointing out that his legacy is tied to the network’s success. Over the years, Cardano has maintained strong developer activity, sometimes surpassing Ethereum in certain metrics.

Meanwhile, the network has also mentioned its involvement in the first tokenization reinsurance fund called MCM Fund I, which was launched with MembersCap. This fund works with big blockchains like Aptos, Base, and Solana. It also made its first recorded transaction on the London Stock Exchange Group’s DMI platform.

Also Read: Plasma Blockchain Launches Mainnet Beta and XPL Token

Source link

September 26, 2025 0 comments