News

Jinse Finance reported that crypto-friendly banks Custodia Bank and Vantage Bank have launched a one-stop blockchain solution that allows traditional banks to issue tokenized deposits that can operate in conjunction with stablecoins. In a statement released on Thursday, the two banks said the solution enables banks to leverage blockchain for near-instant, low-cost transactions and achieve interbank interoperability while still retaining customer deposits. The statement noted: "This patented framework is designed to provide institutions and their clients with the efficiency and security brought by tokenization, while protecting core deposits from the risk of being transferred to other platforms." Tokenized deposits refer to digital versions of bank deposits issued by banks on the blockchain, representing real US dollar assets held by the banks.

ChainCatcher news, according to The Block, Nasdaq-listed company Solmate Infrastructure (SLMT) saw its stock price surge 40% to $11.7 on Thursday, with a market capitalization reaching $754 millions, after the company announced validator progress, M&A strategy, and PIPE financing updates. Solmate has selected a data center to build its bare-metal validator, which will become the first high-performance Solana node in the Middle East. The company is testing its first validator configuration using "SOL purchased at a historically discounted price." Last month, the former Brera Holdings was renamed Solmate, transforming into a Solana-based digital asset treasury. Institutions such as the Solana Foundation and Cathie Wood's Ark Invest participated in the company's $300 millions PIPE financing. Last week, Solmate received $50 millions worth of discounted SOL from the Solana Foundation to support its infrastructure development in the UAE. CEO Marco Santori stated that the company will implement an "aggressive M&A strategy," seeking target companies that can achieve synergistic growth with the SOL treasury to create more "per-share SOL" value for investors.