HSBC, the $3 trillion British banking giant, is under constant cyberattacks, according to CEO Ian Stuart. The bank now spends hundreds of millions on cybersecurity, its biggest expense, as threats escalate. A 2024 J.D. Power study shows nearly 30% of US bank customers faced fraud, highlighting the growing need for robust security measures. Banks are allocating 11% of IT budgets to cybersecurity, but customer awareness remains low, with fewer than half prompted to take fraud prevention steps. Effective security is now critical for customer loyalty and brand advocacy.
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0 in Finance and 0 in Crypto last weekInvesco & Galaxy File Solana ETF Amid SEC Scrutiny
Invesco and Galaxy Digital have registered the Invesco Galaxy Solana ETF as a Delaware Statutory Trust, marking a significant step in the ETF approval process. The SEC has asked issuers to amend S-1 filings, focusing on in-kind redemptions and staking mechanisms—a notable shift in regulatory stance. While no green light has been given yet, the move reflects growing institutional interest in Solana, further bolstered by its partnership with R3 for real-world asset tokenization. SOL’s price rose 1.92% to $146.80 amid the news, with a market cap exceeding $75 million. The ETF could simplify institutional exposure to Solana, mirroring the convenience of traditional stock investments.
about Invesco & Galaxy File Solana ETF Amid SEC ScrutinyKadena Funds UK Startup in Bank of England’s Digital Sandbox
Kadena has deployed the first $400,000 grant from its $50 million ecosystem fund to CurveBlock, a UK startup pioneering tokenized real estate in the Bank of England’s Digital Securities Sandbox (DSS). The DSS, a joint effort by the Bank of England and the Financial Conduct Authority, allows blockchain-based financial instruments to operate under relaxed regulatory constraints until 2028. Kadena’s grant program, half of which is dedicated to real-world asset (RWA) tokenization, aims to bridge public blockchain infrastructure with institutional demand for compliant solutions. CurveBlock’s acceptance into the DSS and Kadena’s support signal a pivotal moment for tokenized real estate, with the global RWA market cap surging 260% to $23 billion. The project could influence regulatory frameworks in the UK, US, and EU, as major institutions like Goldman Sachs and BlackRock explore tokenized securities.
about Kadena Funds UK Startup in Bank of England’s Digital SandboxStable Blockchain Targets Institutions with USDT Gas Fees
Stable, a new blockchain project supported by Bitfinex and Tether, is positioning itself as an institutional-focused platform with USDT as its primary gas fee token. Unlike typical crypto projects, Stable offers free USDT transfers between users and ‘Enterprise Lanes’ for high-speed transactions. Despite its anonymous development team, the project has secured $24 million in funding from notable investors like Peter Thiel and Framework Ventures. Stable’s launch coincides with growing institutional interest in blockchain, as seen in partnerships like Solana’s with HSBC and Bank of America. The project aims to streamline financial processes through tokenization, offering a simplified and cost-effective ecosystem tailored for real-world financial applications.
about Stable Blockchain Targets Institutions with USDT Gas FeesTokenized Real Estate to Hit $4T by 2034: Deloitte
Deloitte forecasts the tokenized real estate market could reach $4 trillion in value by 2034, fueled by institutional interest and clearer regulations. The current market, already at $290 billion, is expanding rapidly as blockchain infrastructure improves and major firms like BlackRock, HSBC, and Fidelity enter the space. The Stellar Development Foundation aims to boost tokenized RWAs to $3 billion in 2025, while Ripple and BCG project the sector could grow to $18.9 trillion by 2033. Regulatory clarity in the UK, Switzerland, and Singapore is further accelerating adoption, enabling fractional ownership and streamlined transactions. Tokenization is no longer experimental but a transformative model for asset management.
about Tokenized Real Estate to Hit $4T by 2034: DeloitteBlocksquare & Vera Capital Tokenize $1B in U.S. Real Estate
Blocksquare and Vera Capital are tokenizing $1 billion worth of U.S. commercial real estate, beginning with two Florida properties—a Fort Lauderdale office building and a Dania Beach shopping mall. Tokenization allows fractional ownership, making high-value assets accessible to global investors via a dedicated marketplace. The partnership reflects broader institutional interest, with firms like CME Group, Stellar, and BlackRock also advancing tokenization for liquidity and efficiency. The RWA (real-world asset) tokenization market, currently valued at $14 billion, could grow to $23.4 trillion by 2033, driven by banking and real estate sectors. Kraken’s recent expansion into commission-free stock trading further bridges TradFi and blockchain infrastructure.
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