Citadel Securities Warns SEC Against Rushed Tokenized Securities Rollout
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Business Insider
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MultiBank.io Partners with Fireblocks and Mavryk to Launch $10B Real Estate Tokenization Platform
the digital asset division of MultiBank Group—one of the world's largest financial derivatives institutions—has announced its integration with Fireblocks to support a real estate tokenization initiative. The platform aims to bring approximately $10 billion in real-world assets (RWAs) on-chain, with a focus on enhancing asset security, regulatory compliance, and accessibility. The first phase draws on recent $3 billion partnership with MAG Lifestyle Development, featuring flagship projects such as The Ritz-Carlton Residences and Keturah Reserve. Building on these assets, is expanding its operations to support what is positioned as one of the more substantial global real estate tokenization efforts, with a target of facilitating up to $10 billion in tokenized real-world assets. This growth is driven by an alliance between MultiBank Group, Fireblocks, and Mavryk Network. Mavryk provides the blockchain infrastructure for on-chain issuance and DeFi integrations. Fireblocks ensures institutional-grade digital asset custody and tokenization, and MultiBank Group brings regulatory expertise, overseeing compliance and governance, and supporting secondary market liquidity. Through this collaboration, will offer fractional access to income-generating properties in a regulated environment, an unprecedented move at this scale. The new platform leverages Fireblocks' advanced security and tokenization engine to manage the entire lifecycle of digital assets, including secure minting and burning, automated compliance, reliable custody, and streamlined secondary trading. At the blockchain level, Mavryk enables rapid settlement and programmable features such as KYC and jurisdictional checks, ensuring a seamless experience for both institutional and retail investors. serves as the gateway to MultiBank Group's tokenized ecosystem, functioning across a four-part infrastructure that bridges traditional financial services with crypto-native platforms. The four pillars include: MultiBank FX (TradFi): The Group's established platform for traditional finance (TradFi), offering access to over 20,000 stocks and 55 currency pairs. MEX Exchange: A planned institutional Electronic Communication Network (ECN) for both TradFi and crypto assets, which has been independently valued at $23.7 billion by Arthur D. Little. The project aims to become the first institutional crypto ECN by 2026 and projects it will handle over $460 billion in daily volume within five years. A regulated exchange for spot and derivatives crypto trading, which has passed security audits with a perfect 10/10 score from blockchain security auditor Hacken. It is regulated by authorities, including the UAE's VARA and Australia's AUSTRAC. RWA: A marketplace for tokenized real-world assets (RWAs). The platform aims to democratize access to previously illiquid markets, allowing investors to enter premium real estate assets with as little as $50. 'Tokenizing RWAs at scale demands robust infrastructure, uncompromising security, and strict adherence to industry standards,' said Zak Taher, Founder & CEO of 'Fireblocks is the custody backbone behind our operations, while Mavryk's blockchain brings speed and efficiency. Together, we're opening $10 billion in property investment to a wider audience with full transparency.' This marketplace will be underpinned by the regulatory expertise and reach of MultiBank Group, which has more than two million clients and over 17 licenses worldwide. About Multibank Group MultiBank Group, established in California, USA in 2005, is a global leader in financial derivatives. With over 2 million clients in 100+ countries and a daily trading volume exceeding $35 billion, it offers a broad range of brokerage and asset management services. Renowned for innovative trading solutions, robust regulatory compliance, and exceptional customer service, the Group is regulated by 17+ top-tier financial authorities across five continents. Its award-winning platforms provide up to 500:1 leverage across Forex, Metals, Shares, Commodities, Indices, and Cryptocurrencies. MultiBank Group has received over 80 international awards for trading excellence and regulatory compliance. For more information, users can visit MultiBank Group's website. Mr
Yahoo
2 hours ago
- Yahoo
Aave whales withdraw $1.7bn in Ethereum and trigger scramble to unwind looping trades
Decentralised finance whales have pulled a whopping $1.7 billion worth of Ethereum from lending protocol Aave over the past week. As a result, available liquidity has shrunk and temporarily sent the interest rate the protocol charges borrowers to more than 10%. That's good news for those lending out their Ethereum, who enjoyed a brief spike in the amount their deposits earned. But for investors on the other side of the table it's a different story. Unwinding positions Those engaged in looping, a strategy to juice their Ethereum staking yields by repeatedly depositing and borrowing from the market, suddenly started losing money. They unwound their positions en masse, resulting in liquid staking providers needing to unstake Ethereum. The queue to exit staking swelled to over 627,944 Ethereum, worth roughly $2.3 billion, on Wednesday, the highest it has ever been, according to data from Ethereum borrowing rates have since almost returned to their pre-withdrawal levels. But the episode showed how the actions of a few wealthy DeFi users can create ripple effects across the DeFi landscape. Aave is the biggest lending protocol on Ethereum, with over $55 billion of deposits, per DefiLlama data. Users can deposit assets, like Ethereum, and earn interest when other users borrow them. Whale's game Most of the $1.7 billion in withdrawals can be attributed to a few entities. Marc Zeller, an Aave contributor, told DL News he believed crypto billionaire Justin Sun was behind the majority of the Ethereum withdrawals. Zeller said that the Tron founder regularly moves large amounts in and out of the lending protocol. 'He's just unpredictable,' Zeller said on Telegram. 'He's moving billions like I go grocery shopping.' Wallets tagged by users as belonging to Sun on Arkham, a crypto data platform, withdrew more than $646 million worth of Ethereum from Aave over the past three days, onchain records show. A wallet belonging to crypto exchange HTX also withdrew a net of $455 million worth of Ethereum from Aave over the past week. Sun serves as an advisor to HTX and is a prominent figure in its public-facing activities, often promoting the platform and its initiatives. 'He's moving billions like I go grocery shopping.' Wallets attributed to Sun by Arkham still hold another $80 million worth of Ethereum on Aave. Sun did not immediately respond to a request for comment. Several more entities also pulled smaller amounts of Ethereum from Aave, including Abraxas Capital Management, a London-based investment manager. It withdrew a net $115 million worth of the cryptocurrency over the past week. Looping risks The whale withdrawals of Ethereum from Aave shrunk the available supply of the asset on the platform. When this happens the protocol is designed to increase the interest rate charged to borrowers. When the interest rate jumped it meant that looping strategies which depended on the interest rate for borrowing Ethereum staying low, reversed, and started losing investors' money. Those investors unwound their positions, queuing millions of dollars worth of Ethereum for withdrawal from the network's staking contract via liquid staking providers, and creating the large backlog. Only a certain amount of Ethereum can be unstaked at a time. It will take the network almost eleven days to unstake the backlog of 627,944 Ethereum, according to While looping can be very profitable for those who do it, the practice is also fraught with risks. In April last year, investors on Blast-based protocol Pac Finance were left reeling after a code change liquidated users looping staked Ethereum tokens, costing them $26 million. Tim Craig is DL News' Edinburgh-based DeFi Correspondent. Reach out with tips at tim@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
4 hours ago
- CNBC
Stocks will keep ripping to record highs as retail traders continue buying spree, Citadel says
Retail traders are on a buying spree that can keep equities marching to record highs. Scott Rubner of Citadel Securities pointed out in a note Wednesday that mom-and-pop traders have been net buyers of stocks for 19 straight trading sessions. That marks the longest buying streak since March 2021 and fifth-longest on record. The hedge fund's data also shows retail investors have been bullish in options for 12 weeks in a row, with the put-call ratio skewing in favor of call options. These contracts give the buyer the right to buy an underlying stock at a certain price. Put options let the holder sell a specific stock at a predetermined price. This comes as the S & P 500 continues to scale to fresh record highs , boosted by strong earnings and expectations that the U.S. will reach trade deals with other countries. So far, 23% of the S & P 500 has posted second-quarter results. Of those, about 88% have topped analyst earnings expectations, FactSet data shows. But the big reports will come from major tech companies. Alphabet is set to report after the bell Wednesday. Amazon, Apple, Meta Platforms and Microsoft are scheduled to report next week. On the trade front, President Donald Trump said the U.S. reached a deal with Japan, sending stocks higher on Wednesday. "I remain on watch for daily all-time highs, but more importantly I am on alert for a 'blow-off' top led by the laggards. The pain trade remains higher," Rubner wrote. Elsewhere on Wall Street this morning, Bank of America raised its price target on Amazon to $265 from $248. "Amazon's YTD commentary on AWS capacity constraints, plus recent competitor Cloud revenue acceleration has likely elevated Street focus on AWS," analyst Justin Post wrote in a note to clients. "We think 2Q Retail is setting up for a solid quarter, plus a strong 1Q for AWS backlog and accelerating quarterly AWS capex spending should drive accelerating 2H AWS growth."
