The $1.9 trillion asset manager says excluding established memecoins on principle would undermine its active approach to crypto investing. www.coindesk.com
Manager
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Markets
$1.9 trillion asset manager T. Rowe Price bets on active management with first multi-token crypto ETF
by shayaanby shayaanT. Rowe Price launched what it says is the industry’s first actively managed multi-token spot crypto ETF, offering diversified exposure to digital …
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Edward McGee stepped down after seven years, weeks after distribution chief John Hoffman left for Ondo Finance. www.coindesk.com
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DeFi
Ethena lands Janus Henderson backing as asset manager invests in ENA, eyes USDe distribution
by shayaanby shayaanEthena continues to deepen its ties with traditional finance, announcing a deal with asset manager Janus Henderson that includes a strategic investment …
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Markets
Morgan Stanley is positioning itself as the reserve manager for the stablecoin industry
by shayaanby shayaanThe Wall Street giant has announced a fund build specifically for stablecoin issuers. Here is what it does and means for the …
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Markets
UK asset manager puts $68 billion of funds on-chain via Calastone token network
by shayaanby shayaanLegal & General Asset Management brings decades-old money market funds onto blockchain rails to expand access and enable faster settlement. www.coindesk.com
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Markets
Aave loses key risk manager, Chaos Labs, amid contributor exodus and disputes
by shayaanby shayaanA key sticking point is Aave’s V4 upgrade, which introduces a new architecture and significantly expands the scope of risk management. www.coindesk.com
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Finance
Jack Dorsey says AI should replace the middle manager after Block cuts 4,000 jobs
by shayaanby shayaanIn Jack Dorsey’s view of the world, the job most at risk from the AI revolution is the middle manager. Dorsey argues …
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Finance
Crypto asset manager CoinShares to list on Nasdaq after $1.2 billion SPAC deal
by shayaanby shayaanCoinShares, a leading European digital asset manager with over $6 billion under management, is set to begin trading on the Nasdaq Stock …
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Finance
Crypto wealth manager Abra to list on Nasdaq in blockbuster $750 million merger
by shayaanby shayaanAbra, a digital asset wealth management platform, will transition into a publicly traded company through a merger with New Providence Acquisition Corp. …