onchain finance

Andre Cronje of Flying Tulip contends that DeFi protocols have transitioned into a new financial model called "onchain finance." He suggests that this evolution, however, has caused these protocols to sacrifice some of their original inherent immutability and decentralization.

Coinbase is launching 24/5 US stock trading services specifically for UK users, which advances its 'Everything Exchange' strategy. Keith Grose, Coinbase UK CEO, stated that this launch represents a broader push by the exchange to bridge traditional and onchain finance.

SBI Holdings received regulatory approval from the Monetary Authority of Singapore (MAS) to acquire a majority stake in Coinhako, a Singapore-based crypto exchange. The acquisition aims to expand into stablecoins, onchain finance, and tokenized assets.

Coinbase has invested in Ethena through an open market purchase of ENA tokens. The two companies have formed a partnership to develop onchain finance and savings products.

a16z crypto has raised $2.2 billion for its fifth fund, indicating growing use of stablecoins and onchain finance. The firm also promoted its CTO to general partner. This investment highlights improving regulation in the crypto space.

Alchemy and Privy are launching a technical integration aimed at addressing challenges in onchain finance. The collaboration seeks to streamline user experiences and reduce friction in cryptocurrency usage.