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By Shikha Singh
By Shikha Singh China’s CPIC Rolls Out $100M Tokenized Fund with HashKey as RWA Trend Expands in Asia
China Pacific Insurance (CPIC) Investment Management launched a tokenized U.S. dollar money market fund using on the HashKey Chain, securing $100 million in subscriptions.
The fund, which invests in U.S. dollar-denominated short-term fixed income assets and money market instruments, is accessible for professional and institutional investors.
This move is part of a growing trend of asset managers tokenizing traditional financial instruments on blockchain rails for operational efficiency and faster settlements.
Arizona’s Strategic Crypto Reserve Bills Heads For Full Floor Vote
Two strategic digital asset reserve bills in Arizona cleared Arizona’s House Rules Committee on March 24 and are now headed to the House floor for a full vote.
The bills together, if passed into law, would clear the way for Arizona to establish strategic digital assets reserves composed of existing assets confiscated through criminal proceedings in addition to newly invested public funds.
The treasurer would be limited to investing no more than 10% of the fund’s total value each fiscal year. However, they would also be able to loan the fund’s assets in order to increase returns, provided that doing so doesn’t increase financial risks.
BNB Chain Launches $100mn Liquidity Program
BNB Chain has launched a $100 million program designed to bootstrap liquidity for its native projects on centralized exchanges (CEXs).
The network is allocating $100 million in incentives, primarily in the form of its native BNB tokens, to projects that successfully list on any of 11 major CEXs specified by BNB Chain, according to a March 24 announcement.
Only projects with at least a $5 million market cap and $1 million in daily trading volume are eligible, BNB Chain said, as the network seeks to boost CEX liquidity for native projects.
The program aims to “further enhance BNB Chain’s ecosystem liquidity and foster project growth by incentivizing exchanges to list native BNB Chain tokens,” the chain said in the statement.
Sam Altman’s World Network in Talks With Visa for Stablecoin Payments Wallet
World Network, the blockchain-based ecosystem built to extend the functionality of biometric identification system Worldcoin, is in talks with card giant Visa to link on-chain card features to a self-custody crypto wallet, according to a person familiar with the plans.
The aim is to bring Visa card functionality to World Network wallets, delivering a range of fintech and FX applications, fiat on and off-ramps, as well as allowing stablecoin-based payments to thousands of merchants around the world that are part of the Visa network.
Massachusetts Issues Subpoena to Robinhood Regarding Sports Betting
Securities regulators in Massachusetts have launched an investigation into Robinhood’s prediction markets.
The state’s Secretary of State, Bill Galvin, subpoenaed Robinhood to review its marketing materials and user data related to sports event contracts, particularly for college basketball tournaments.
The concern is that Robinhood is linking gambling events, popular among young people, to brokerage accounts.
Critics, including Galvin, call Robinhood’s prediction markets a “gimmick” aimed at luring investors. Robinhood is capitalizing on the growing interest in prediction markets, which are gaining popularity for betting on real-world events, including sports.
ZachXBT Accuses Crypto.com of Betraying Trust Over 70 bn CRO Reissue
ZachXBT, a well-known crypto influencer, has accused Crypto.com of betraying its community by reissuing 70 billion Cronos (CRO) tokens that were previously burned in 2021, increasing the total supply to 100 billion CRO.
This move, which goes against investors’ expectations that the burn was permanent, has sparked widespread backlash. ZachXBT criticized Crypto.com for controlling the majority of the token supply and making this decision without community consent.
The reissued CRO tokens are part of Crypto.com’s plan to create a “Strategic Reserve” to fund growth, including launching an ETF backed by CRO.
BlackRock Launches It’s European Bitcoin ETP Following U.S. ETF Success
BlackRock, the world’s largest asset manager, has launched a Bitcoin exchange-traded product (ETP) in Europe, expanding its crypto offerings beyond the U.S. market.
The new product, called the iShares Bitcoin ETP, will trade on Germany’s Xetra, Euronext Paris, and Euronext Amsterdam under various tickers.
This follows the success of BlackRock’s U.S.-listed iShares Bitcoin Trust, which reached $48 billion since its debut in January 2024.
To attract investors, BlackRock is offering a 10 basis point fee waiver, reducing the expense ratio to 0.15% through the end of 2025. After the waiver, the fee will rise to 0.25%, in line with the leading Bitcoin ETP from CoinShares. The physical Bitcoin backing the ETP will be held by Coinbase, ensuring secure custody. The product targets both institutional and qualified retail investors.
ADGM, Chainlink Partner to Expand Blockchain Integration Efforts
Abu Dhabi Global Market (ADGM) has partnered with Chainlink to enhance blockchain integration and bridge traditional finance with decentralized technology.
This collaboration will provide ADGM access to Chainlink’s data feeds and interoperability solutions, enabling better blockchain-based innovations.
The partnership also aims to foster discussions on emerging technologies like blockchain and AI, with workshops and events planned to educate the UAE’s financial and tech sectors.
ADGM has also established a regulatory framework for Distributed Ledger Technology (DLT) to support decentralized projects in a secure and interoperable ecosystem.
Oklahoma Passes its Strategic Bitcoin Reserve Bill With 77-15 Votes
The Oklahoma House of Representatives has passed the Strategic Bitcoin Reserve Act with a majority of 77 votes to 15.
The bill, introduced by Representative Cody Maynard, allows the State Treasurer to invest public funds in Bitcoin, stablecoins, and other digital assets from various state funds, with a 10% limit per account.
The bill aims to protect Oklahoma’s citizens’ money by investing in decentralized assets, which cannot be manipulated by government entities.
The investments will be managed prudently and stored with qualified custodians or in exchange-traded products.
The bill also covers retirement funds and allows the State Treasurer to engage in digital staking while retaining legal ownership.
The bill still needs Senate approval and is set to take effect on November 1, 2025.
Trump Media & Crypto.com Are Launching “Made in America” Crypto ETFs
Trump Media & Technology Group has signed a preliminary agreement with Crypto.com to launch a series of “Made in America” crypto exchange-traded funds (ETFs).
The ETFs will focus on U.S.-based blockchain and cryptocurrency companies, highlighting innovation in blockchain infrastructure, cybersecurity, and financial services while prioritizing regulatory compliance and job creation.
The collaboration aligns with Trump’s “America First” agenda and aims to differentiate itself from global competitors.
The ETFs will target companies adhering to U.S. labor, environmental, and regulatory standards. The launch is subject to approval by the U.S. Securities and Exchange Commission (SEC), with a potential release in Q4 2025. This partnership signals Trump Media’s increasing involvement in crypto and reinforces Crypto.com’s efforts to expand in the U.S. market. If successful, the ETFs could attract both crypto investors and those seeking compliance-focused investment opportunities.
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