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Project Overview
Backed provides the infrastructure for capital markets to bridge real-world assets onto the blockchain. They issue ERC-20 tokens that track the value of real-world assets, such as stocks or ETFs. These tokens are freely transferable across wallets, fully collateralized by the underlying asset, and issued in compliance with the Swiss DLT act.
DIG Ventures Phase III Fund Completes $120 Million Raise, Will Focus on Investing in AI Infrastructure
According to Tech.eu, venture capital giant DIG Ventures has announced that its third fund has raised $120 million. Backed by Horsley Bridge, Sofina, Granite, and an endowment fund from a top U.S. university among other institutions, the fund will invest in AI-native enterprise software and cloud infrastructure startups at the Pre-seed and seed stages. Its investment focus covers infrastructure areas supporting AI-native enterprise software development, such as data, identity authentication, compliance, and orchestration. The fund plans to lead most investment rounds and has already begun deploying capital.
The Smarter Web Company Wins Shareholder Approval to Launch the UK's First BTC-Backed Preferred Stock MORE
Odaily News: UK-based Bitcoin treasury company The Smarter Web Company has received shareholder approval to launch MORE, the UK's first Bitcoin-backed preferred stock. In addition, the company expects to raise $20 million to $33 million through an IPO to purchase more Bitcoin and fund cash-flow-generating operating businesses. (Bitcoin Treasuries)
The Smarter Web Company Plans to Launch the UK's First Bitcoin-Backed Preferred Shares, IPO Could Raise $20 Million to $34 Million
Odaily News: The Smarter Web Company has announced plans to launch the UK's first Bitcoin-backed preferred shares, subject to shareholder approval. The company expects to raise $20 million to $34 million through a potential IPO, to be used for increasing its Bitcoin holdings and acquiring cash-flow-generating operating businesses.
Firmus Signs Multi-Year Data Center Agreement with OpenAI, Malaysia Computing Capacity Exceeds 900 Megawatts
According to The Straits Times, Australian AI infrastructure company Firmus announced a multi-year agreement with OpenAI to supply computing power from two data centers in Malaysia, establishing OpenAI as Firmus's anchor customer. Following the signing of the agreement, Firmus's contracted capacity across its global client portfolio has exceeded 900 megawatts. Backed by institutional investors including Nvidia, Jane Street, Blackstone, and Coatue Management, Firmus holds a recent valuation of over $10.5 billion. The company currently operates data centers in Australia and Singapore, with five additional facilities under development across the Asia-Pacific region. It plans to deploy Nvidia's next-generation Vera Rubin processors at scale in the Asia-Pacific.
Artificial intelligence company Humain plans to raise $2.5 billion to establish a data center investment fund.
According to Bloomberg, AI company Humain is planning to raise its first $2.5 billion in funding to establish a fund dedicated to data center investments. Sources familiar with the matter said the fund will finance 250 megawatts of data center capacity being developed in partnership with Al Moammar Information Systems, with the total scale potentially expanding to 1 gigawatt in the future. Backed by Saudi Arabia’s Public Investment Fund (PIF), Humain is advancing local AI compute and data center infrastructure to meet growing demand for AI processing.
Bullish Provides $100 Million in Funding to USD.AI to Support GPU-Backed Loans
According to CoinDesk, cryptocurrency platform Bullish will provide $100 million in stablecoin debt financing to USD.AI to support loans collateralized by GPUs and other high-performance computing assets, advancing AI infrastructure development.
DIG Ventures Phase III Fund Completes $120 Million Raise, Will Focus on Investing in AI Infrastructure
According to Tech.eu, venture capital giant DIG Ventures has announced that its third fund has raised $120 million. Backed by Horsley Bridge, Sofina, Granite, and an endowment fund from a top U.S. university among other institutions, the fund will invest in AI-native enterprise software and cloud infrastructure startups at the Pre-seed and seed stages. Its investment focus covers infrastructure areas supporting AI-native enterprise software development, such as data, identity authentication, compliance, and orchestration. The fund plans to lead most investment rounds and has already begun deploying capital.
Tether CEO Questions BIS Push for Tokenized Bank Deposits, Says Stablecoins Are Almost Fully Backed by U.S. Treasuries
Odaily News: Stablecoin issuer Tether CEO Paolo Ardoino stated that stablecoins are a more credible form of money than tokenized bank deposits, as the former is almost fully backed by U.S. Treasuries, while the latter typically has only 10% liquid asset backing.Pablo Hernandez de Cos, General Manager of the Bank for International Settlements (BIS), said stablecoins raise concerns regarding redemption capacity, supply, interoperability, and their potential to facilitate criminal activity, adding that tokenized bank deposits represent a more direct path to preserving the foundations of the monetary system while leveraging tokenization.Ardoino noted that USDT's market capitalization has surpassed $183 billion and is used in some emerging markets for domestic and cross-border commerce. In discussions surrounding the CLARITY Act, banks have expressed concerns that allowing crypto exchanges to offer incentives on stablecoins could trigger deposit outflows. (Bitcoin.com News)
Trump Family-Backed World Liberty Financial Receives Preliminary Approval for U.S. National Trust Bank Charter
According to Bloomberg, the Trump family-backed cryptocurrency project World Liberty Financial has received preliminary conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) for a national trust bank charter, with plans to establish World Liberty Trust Company. Upon final approval, the institution will be able to directly issue and redeem the stablecoin USD1, manage its reserve assets, and provide digital asset custody services.
Shri Thanedar, Backed by Crypto PAC with Over $2 Million, Loses Michigan Democratic Primary
Odaily News: Michigan State Representative Donavan McKinney defeated incumbent U.S. Representative Shri Thanedar in the Democratic primary for Michigan's 13th Congressional District. As of Wednesday, McKinney held 51.9% of the vote, compared to Thanedar's 48.1%. In this primary, Protect Progress, a crypto-backed political action committee, spent over $2 million on media expenditures to support Thanedar's re-election and oppose McKinney. Protect Progress is affiliated with Fairshake, which is primarily backed by crypto companies Coinbase and Ripple. Thanedar previously voted in the House in favor of bills such as the GENIUS Act and the CLARITY Act. McKinney will face Republican candidate Taras Nykoriak in the November election.
Tether Gold-Backed Digital Asset XAU₮ Receives Sharia Compliance Certification
Tether announced that its gold-backed digital asset XAU₮ has received Sharia compliance certification from Amanah Advisors, an institution led by Mufti Faraz Adam. The certification confirms that XAU₮ adheres to the core principles of Islamic finance. XAU₮ is issued by TG Commodities, S.A. de C.V., with each full token representing direct ownership of physical gold stored in Swiss vaults. Certification requirements include genuine ownership of physical gold, clear and verifiable asset backing, no interest (riba), no leverage or speculative derivatives, and transparent reserve structures. Tether stated that XAU₮ can be used for integrating digital gold products into Islamic banking, takaful and halal savings products, long-term wealth preservation strategies, as well as tokenized trade finance and collateral applications. Amanah Advisors will continue to work with Tether to develop practical guidelines and governance frameworks to support the adoption of XAU₮ in a Sharia-compliant manner.
South Korea Unveils Roadmap for Won Internationalization, Plans Legal Framework for Won-Backed Stablecoin Issuance and Circulation
The South Korean government has released a "Roadmap for the Internationalization of the Won," aiming to transition the currency from a regulated currency to a freely convertible one. The roadmap was jointly formulated by the Financial Services Commission, the Bank of Korea, the Financial Supervisory Service, and the Korea Securities Depository. The Bank of Korea also plans to advance a tokenized treasury bond pilot project linked to an institutional CBDC (Central Bank Digital Currency). Additionally, South Korea will participate in Project Agora, an international payment initiative led by the Bank for International Settlements (BIS). (coinpost)
Better and Coinbase Launch Bitcoin-Backed Mortgage Product, Allowing Borrowers to Pay Down Payments Without Selling BTC
Odaily News - U.S. mortgage lender Better Mortgage and cryptocurrency exchange Coinbase have announced the launch of a bitcoin-backed mortgage product that allows U.S. homebuyers to use BTC as collateral for their down payment loan, eliminating the need to sell their bitcoin holdings. The product is now officially open for applications.The product consists of a Fannie Mae-backed mortgage paired with a separate down payment loan. Borrowers are required to pledge BTC valued at least 250% of the down payment loan amount, with the collateral transferred to Better's custody account on Coinbase Prime. Both loans carry the same interest rate and amortization period, and are repaid through a single monthly payment.A decline in the bitcoin price will not independently trigger a margin call or alter the mortgage terms, but if a borrower falls 60 days or more behind on payments, Better may liquidate the pledged BTC. Applicants must be U.S. residents with a verified Coinbase account, and Coinbase One members can also earn a 1% rebate of up to $10,000, which can be applied toward closing costs and fees. (Cointelegraph)
$28 Million Trump-Backed USD1 Transferred to Binance, Fireblocks Custody Completed in Three Transactions Over Past 21 Hours
Odaily News: According to Onchain Lens monitoring, Fireblocks Custody (9Ryc...4xfCxk) has deposited USD1 worth $28 million to Binance in three transactions over the past 21 hours, with amounts of $10 million, $15 million, and $3 million respectively.
DIG Ventures Phase III Fund Completes $120 Million Raise, Will Focus on Investing in AI Infrastructure
According to Tech.eu, venture capital giant DIG Ventures has announced that its third fund has raised $120 million. Backed by Horsley Bridge, Sofina, Granite, and an endowment fund from a top U.S. university among other institutions, the fund will invest in AI-native enterprise software and cloud infrastructure startups at the Pre-seed and seed stages. Its investment focus covers infrastructure areas supporting AI-native enterprise software development, such as data, identity authentication, compliance, and orchestration. The fund plans to lead most investment rounds and has already begun deploying capital.
Coinbase Teases Physical Card-Backed Pokemon Digital Card Pack Service
on September 28, Coinbase teased the upcoming launch of a Pokemon digital card pack service backed by physical cards, allowing users to open packs via their phones and choose to either store the cards in a vault or have them delivered to their homes.Coinbase has not yet disclosed the service launch date, pack pricing, card draw odds, storage and delivery fees, eligible regions, physical card custodian, or grading standards, nor has it confirmed whether secondary resale or on-chain ownership recording will be supported. (Bitcoin.com News)
The Smarter Web Company Launches Inaugural Offering of Bitcoin-Backed Preferred Shares MORE
Bitcoin Treasuries posted on X that The Smarter Web Company has launched the inaugural offering of its Bitcoin-backed preferred shares MORE to institutional and retail investors, with an expected listing on the Main Market of the London Stock Exchange on October 14. The initial offering price is £90, approximately $119, with an annual dividend yield of 12%, paid weekly.
The Smarter Web Company Wins Shareholder Approval to Launch the UK's First BTC-Backed Preferred Stock MORE
Odaily News: UK-based Bitcoin treasury company The Smarter Web Company has received shareholder approval to launch MORE, the UK's first Bitcoin-backed preferred stock. In addition, the company expects to raise $20 million to $33 million through an IPO to purchase more Bitcoin and fund cash-flow-generating operating businesses. (Bitcoin Treasuries)
Coinbase Launches Fixed-Rate Term USDC Loans Backed by Bitcoin
Bitcoin News posted on X platform that Coinbase has launched fixed-rate, fixed-term USDC loans backed by Bitcoin through Morpho Midnight, allowing borrowers to obtain USDC without selling their Bitcoin.The interest rate and repayment date for this product are determined at the start of the loan; if the borrower fails to repay the USDC and interest by the maturity date, the collateralized Bitcoin may be liquidated. Coinbase's existing floating-rate Bitcoin-backed loans powered by Morpho have surpassed $1.4 billion in active or outstanding loan volume, with collateral value of approximately $3 billion.
Citrea acquires privacy Bitcoin wallet Crest, driving mainstream adoption of BTC privacy transactions
According to PR Newswire, Bitcoin application layer platform Citrea has announced the acquisition of Crest, a self-custody private Bitcoin wallet. Backed by Founders Fund and Galaxy Ventures, Citrea states the acquisition aims to bring Zcash-style zero-knowledge privacy pools into the Bitcoin ecosystem. Crest founder Meliksah Gurtemel will join Citrea as head of product. Over the next few weeks, Crest will launch a Bitcoin mobile wallet supporting automatic shielding, private BTC transfers, and cross-chain private payments (enabling BTC to be privately swapped for USDC or ETH for payments to EVM addresses). Citrea co-founder and CEO Orkun Mahir Kılıç noted that addressing Bitcoin privacy represents the largest breakthrough for Bitcoin layers to meet genuine user demand, with Crest serving as the primary gateway for both users and liquidity flowing into Citrea.
Related news
DIG Ventures Phase III Fund Completes $120 Million Raise, Will Focus on Investing in AI Infrastructure
According to Tech.eu, venture capital giant DIG Ventures has announced that its third fund has raised $120 million. Backed by Horsley Bridge, Sofina, Granite, and an endowment fund from a top U.S. university among other institutions, the fund will invest in AI-native enterprise software and cloud infrastructure startups at the Pre-seed and seed stages. Its investment focus covers infrastructure areas supporting AI-native enterprise software development, such as data, identity authentication, compliance, and orchestration. The fund plans to lead most investment rounds and has already begun deploying capital.
Coinbase Teases Physical Card-Backed Pokemon Digital Card Pack Service
on September 28, Coinbase teased the upcoming launch of a Pokemon digital card pack service backed by physical cards, allowing users to open packs via their phones and choose to either store the cards in a vault or have them delivered to their homes.Coinbase has not yet disclosed the service launch date, pack pricing, card draw odds, storage and delivery fees, eligible regions, physical card custodian, or grading standards, nor has it confirmed whether secondary resale or on-chain ownership recording will be supported. (Bitcoin.com News)
Riot Platforms Fully Repays Coinbase Credit Loan, Terminating $200 Million Bitcoin-Backed Credit Facility
Bitcoin News posted on X platform that Riot Platforms fully repaid the principal and accrued interest on its Coinbase Credit credit facility on September 21, with no early termination fees paid, and Coinbase's remaining commitment was simultaneously terminated. The $200 million Bitcoin-backed credit facility carried an interest rate of 6.15% after an April amendment, with annual interest of approximately $12.3 million when fully drawn; as of June 30, Riot Platforms had pledged 5,821 bitcoins, then worth approximately $341 million, representing about 51% of its 11,400 bitcoin holdings, and the related security interests were released upon repayment.
The Smarter Web Company Launches Inaugural Offering of Bitcoin-Backed Preferred Shares MORE
Bitcoin Treasuries posted on X that The Smarter Web Company has launched the inaugural offering of its Bitcoin-backed preferred shares MORE to institutional and retail investors, with an expected listing on the Main Market of the London Stock Exchange on October 14. The initial offering price is £90, approximately $119, with an annual dividend yield of 12%, paid weekly.
The Smarter Web Company Wins Shareholder Approval to Launch the UK's First BTC-Backed Preferred Stock MORE
Odaily News: UK-based Bitcoin treasury company The Smarter Web Company has received shareholder approval to launch MORE, the UK's first Bitcoin-backed preferred stock. In addition, the company expects to raise $20 million to $33 million through an IPO to purchase more Bitcoin and fund cash-flow-generating operating businesses. (Bitcoin Treasuries)
Coinbase Launches Fixed-Rate Term USDC Loans Backed by Bitcoin
Bitcoin News posted on X platform that Coinbase has launched fixed-rate, fixed-term USDC loans backed by Bitcoin through Morpho Midnight, allowing borrowers to obtain USDC without selling their Bitcoin.The interest rate and repayment date for this product are determined at the start of the loan; if the borrower fails to repay the USDC and interest by the maturity date, the collateralized Bitcoin may be liquidated. Coinbase's existing floating-rate Bitcoin-backed loans powered by Morpho have surpassed $1.4 billion in active or outstanding loan volume, with collateral value of approximately $3 billion.