Solana Foundation | Crypto

Solmate has completed a discounted acquisition of SOL to power UAE operations, the Solana Foundation has gained board nomination rights, and Ark Invest has disclosed an 11.5% stake as institutional exposure has expanded. The post Solmate Buys $50M in Discounted SOL from Solana Foundation as Ark Invest Takes 11.5% Stake appeared first on Cryptonews.

Eight crypto exchanges, custodians and wallets have joined a group formed to accelerate the adoption of tokenized assets. Decentralized finance platform Ondo Finance has announced the formation of the Global Markets Alliance — an industry partnership with eight cryptocurrency wallets, custodians and exchanges — aimed at accelerating the adoption of onchain financial assets. Announced Tuesday, the alliance includes the Solana Foundation, Bitget Wallet, Jupiter Exchange, Trust Wallet, Rainbow, BitGo, Fireblocks, 1inch and Alpaca. Ondo’s announcement suggested that more companies could soon join the alliance. Read more