Altcoin News by Thebittimes.Com

Citi’s securities services business will provide custody services for fractional ized and full-sized blockchain-based bonds . Citi Securities Services, a management hub offering securities solutions, is now providing digital custody for bonds traded on BondbloX Bond Exchange (BBX), a fractional bond exchange regulated by the Monetary Authority of Singapore. In a press release on Sept. 14, Citi said the partnership will allow its clients that “meet certain criteria” to begin trading fractionalized and full-sized digitized bonds on BBX. The New York-headquartered bank didn’t provide criteria for accessing the exchange. “This proprietary digital custody technology is scalable and will allow us to provide settlement and custody services for clients investing in assets issued on permissioned blockchain networks and digital financial market infrastructures.” Matthew Bax, Global Head of Custody for Citi Securities Services Founded in 2016, BBX sett...

Join Our Telegram channel to stay up to date on breaking news coverage Brian Armstrong believes that Sam Bankman-Fried, the creator of FTX, should already be in jail at this point. It’s “baffling to me why he’s not in custody now,” Coinbase CEO remarked this week. Armstrong remarked at the a16z crypto Founder Summit on Tuesday that “ the DOJ or anyone should be able to make—just based on his public utterances, I think there’s a very open and shut case for fraud.” “I’m not an expert on this, but the folks I speak with tend to agree on that,” he continued. Armstrong also questioned why Bankman-Fried hasn’t been labeled a criminal by the media. “I believe that when we learned the extent of the fraud that took place at FTX, we were all rather surprised. Let’s label it a hoax as well. We must describe it as it really is. The fact that the mainstream media hasn’t really said that this man i...