clearinghouse

The sports merchandise platform Fanatics will acquire the federally regulated exchange and clearinghouse under BGC to launch and settle its own prediction market business.Fanatics and BGC also plan to develop new market data products that combine prediction market activities with traditional financial market data. This deal allows Fanatics to enter the prediction market space, competing alongside platforms like Kalshi and Polymarket.

According to The Block, the entertainment sector on-chain clearinghouse KOR Protocol announced the completion of a $7.5 million Series A financing round, with a valuation of $100 million. Investors include 1kx, Blockchain Capital, as well as previous investors Republic Crypto, Sfermion, Alumni Ventures, and SevenX.KOR Protocol is building an on-chain creative asset clearing platform for the registration, verification, and settlement of creative works such as music and film, and will provide programmable revenue sharing to creators and rights holders through stablecoins like USDC.KOR stated that this round of funding will be used for platform development, ecosystem growth, and partner integration, and plans to launch a token.

According to Fortune, former a16z crypto investor Sam Broner announced the co-founding of The Better Money Company with his college friend Adam Zuckerman, completing a $10 million seed round financing, led by a16z crypto, with participation from BoxGroup and Sunflower Capital, along with angel investors such as Circle co-founder Sean Neville and former Microsoft executive Charlie Songhurst.The company aims to establish a stablecoin clearinghouse, providing customers with low-cost services to exchange different dollar-pegged tokens. Broner previously worked at a16z crypto for over two years, focusing on investments in the stablecoin sector. Zuckerman worked at Latham & Watkins law firm before serving as General Counsel at Eigen Labs.The two founded the company last November and have already secured commitments from several issuers, including Paxos, Bridge under Stripe, and MoonPay, planning to support all tokens that comply with the signed and effective Genius Act, excluding USDT, while its U.S. version USAT is unaffected. The product has not yet been publicly launched and is expected to be open to customers in the coming weeks.

ChainCatcher news, according to PR Newswire, the cryptocurrency derivatives exchange Bitnomial announced plans to launch a derivatives clearing organization and stablecoin clearinghouse Bitnomial Clearinghouse regulated by the Commodity Futures Trading Commission (CFTC) on January 30, 2025.It is reported that during the transition period, Bitnomial will gradually cease trading of old clearing products on its platform, including processing all legacy contracts expiring on January 29 and listing all BNCH clearing contracts on January 30, involving physically settled Bitcoin futures and options.

ChainCatcher message, the NFT perpetual contract trading platform nftperp posted on X that the previous issue affecting the WETH clearingHouse contract has been resolved, and the involved funds have been restored, allowing trading to proceed normally. In addition, nftperp stated that a detailed incident report has been published on Discord.

ChainCatcher news, according to Bloomberg, the Depository Trust & Clearing Corp. (DTCC) has agreed to acquire the startup Securrency Inc. to provide blockchain technology and services for post-trade processing of tokenized assets. It is reported that DTCC is the largest and most advanced securities depository and clearing organization in the world.Insiders say that DTCC will pay about $50 million to Securrency. DTCC CEO Frank La Salla stated that Securrency's technology could enable DTCC to facilitate the issuance of securities such as ETFs on blockchain networks. This transaction is expected to be completed in the coming weeks, marking DTCC's first acquisition since it acquired the trade processing company Omgeo in 2013.Securrency stated in a press release that approximately 100 employees will join DTCC. After the acquisition, the company will be renamed DTCC Digital Assets, and Securrency CEO Nadine Chakar will continue to operate the division while being appointed as a member of the DTCC management committee.