Securitize has been designated as the NYSE's digital transfer agent responsible for minting native on-chain securities. The two parties will collaborate on developing digital transfer agent projects, advancing on-chain settlement of tokenized securities and industry standard setting, and enhancing institutional-grade tokenized securities infrastructure.
Balancer Labs, the parent company of decentralized exchange Balancer, announced its closure due to substantial losses from a hacker attack last year. Nevertheless, the Balancer protocol will continue to be operated by the Balancer DAO and foundation, generating revenue. The core team will be integrated into a new entity, with no new BAL tokens issued. All fees will be used for buybacks of existing tokens, providing investors with fair exit opportunities. The current DeFi sector is facing reorganization, with the next 12 months being a crucial test for industry recovery.
Tether announced signing contracts with the Big Four accounting firms to conduct a comprehensive audit of its USDT reserves, marking the largest-scale inaugural audit in financial market history and a significant milestone in reserve transparency. This move will boost market confidence and drive compliance and mainstream adoption of stablecoins.
