Simultaneously, the watchdog has launched its third, and final, consultation package under the Markets in Crypto-Assets (MiCA) regulation.
Under the terms of the settlement, the Securities and Exchange Commission (SEC) will not receive any portion of the penalty until payment of all other allowed claims by the bankruptcy court have been completed.
Development will also provide connectivity, consolidated depth of book and order placement within FlexTRADER and FlexONE.
Named Deutsche Börse Digital Exchange, the platform will offer a fully regulated ecosystem for trading, settlement and custody of crypto assets.
The transaction involved using HK$-denominated bonds as collateral from the largest digital bond issuance globally and is expected to help build liquidity for digital bonds.
As the growth of digital assets continues at a rapid pace, Wesley Bray explores its influence on traditional finance, market structure and trading practices, and looks at what can be learned from the asset class.
GCEX clients will gain access to Crossover’s execution-only crypto electronic communication network (ECN); GCEX will provide brokerage and liquidity services on the platform.
The objectives for 2024 are three-fold and include: interoperability, regulation and distributed ledger technology application.
New product will utilise the on-chain issuance product framework offered by UBS’ in-house tokensiation service, UBS Tokenize.
Integration will provide FalconX access to competitive pricing and liquidity from TP ICAP’s wholesale clients, alongside helping to bridge together the native crypto asset ecosystem and traditional financial markets.