Mochatrade raises $5.5M across Pre-Seed and Seed funding rounds
#Mochatrade secures $5.5M across Pre-Seed and Seed funding rounds led by CoinFund, with participation from Coinbase Ventures, Y Combinator, Pioneer Fund, Zero Knowledge Ventures, Zero Index, N1 Ventures, Blast, Neer Venture Partners, and RebelFund.
Mochatrade is developing a trading platform for Indian residents to take long or short positions on US stocks, cryptocurrencies, indices, and commodities through perpetual futures.
Ripple secures final US approval for national trust bank
#Ripple has received final approval from the US Office of the Comptroller of the Currency to establish a national trust bank, marking another step in its expansion into traditional financial services. The decision finalizes the conditional approval granted to Ripple National Trust Bank last December. Once operational, the bank will be authorized to manage reserves backing Ripple’s RLUSD stablecoin and provide fiduciary custody services for digital assets.
RLUSD will continue to be issued by Standard Custody & Trust Company, Ripple’s New York-regulated trust company. The new bank will bring the stablecoin under additional federal oversight, although national trust banks face certain restrictions. Most do not accept deposits or issue loans and are not covered by the Federal Deposit Insurance Corporation.
The tokenized real-world asset market continues to broaden its user base. The number of on-chain #RWA holders across networks rose about 10.6% over the past 30 days, per rwa.xyz, even as distributed asset value held roughly flat for the month.
The longer-term trend remains strong, with transferable, non-stablecoin RWA value reaching $39.0 billion across six asset classes exceeding $1 billion.
HSBC launches its first HKD stablecoin RedCoin to retail users
#HSBC has launched #RedCoin , its first stablecoin pegged to the Hong Kong dollar, as the bank expands its involvement in the crypto and blockchain sectors. In the coming days, users will be able to activate a stablecoin wallet in the app to make peer-to-peer transfers and payments to more than 100,000 merchants via PayMe.
HSBC plans to integrate RedCoin wallets into its HSBC HK Mobile Banking App later this year, enabling customers to invest in tokenized products, including a new share class of its Hong Kong dollar money market fund. The bank also intends to expand RedCoin’s use cases to corporate and institutional clients.
Uniswap launches aggregator hooks on Ethereum, Base, and Robinhood Chain
#Uniswap has launched aggregator hooks on #Ethereum , #Base , and #RobinhoodChain , enabling Uniswap v4 to route trades through liquidity from external platforms. Hooks are a feature of Uniswap v4 that allows developers to add custom logic and functionality to liquidity pools. Aggregator hooks make external platform liquidity accessible as if it were part of a Uniswap v4 pool. The protocol compares prices across its own pools and external platforms, executing the trade in a single transaction.
#Chainlink has partnered with #LGCNS , the IT services and #AI transformation subsidiary of South Korea’s LG Group, to support the development of the country’s $68B digital asset market. The partnership will focus on expanding the adoption and distribution of Korean stablecoins, an emerging market segment with more than 11 million eligible users.
Beyond stablecoins, LG CNS plans to integrate Chainlink’s cross-chain, data, and orchestration infrastructure into its digital asset platform solutions for Korean institutions.
#Dataline secures $10.6M in a Seed funding round co-led by Lattice and Dispersion Capital, with participation from Coinbase Ventures, Symbolic Capital, and Anagram. The startup also plans to hold a public token sale through Uniswap’s auction platform, with details expected next week.
Dataline is an #AI -powered data and automation platform for #Web3 applications that integrates cryptocurrency market data, on-chain metrics, prediction-market data, and other sources into a single interface.