UAE-backed DDSC stablecoin processes $30M institutional transaction

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Crypto.com secures SVF license. Source: Crypto.com Meanwhile, BNY partnered with Finstreet and ADI Foundation in May to develop institutional digital asset custody services in Abu Dhabi, with initial support for Bitcoin (BTC) and Ether (ETH) and plans to later expand into stablecoins and tokenized assets. On Thursday, Kraken said it received preliminary approval from Dubai’s VARA regulator as part of its planned expansion in the UAE. The company said the approval would support UAE dirham funding, margin and over-the-counter trading, along with institutional services through Kraken Prime. Magazine: ETH bears growling, Tom Lee’s buying, XRP to ‘explode’: Market Moves More on the subject

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