Latest news with #JumpCrypto
Crypto Insight
25-06-2025
- Business
- Crypto Insight
Aptos Labs, Jump Crypto launch Web3 cloud storage layer
Aptos Labs and Jump Crypto have introduced a cloud-based storage network tailored for Web3 and decentralized applications — a system its creators say rivals traditional cloud services. Unveiled on Tuesday, the network — called Shelby — is a globally distributed platform powered by Aptos' high-throughput technology. It is chain-agnostic, offering compatibility with Ethereum, Solana and other major blockchains. Shelby is built for developers who need cloud-like speed and remote access for demanding use cases, including streaming video, artificial intelligence and decentralized physical infrastructure (DePIN) applications. Aptos Labs is the creator of the Aptos blockchain, which is recognized for its emphasis on scalability and performance. Jump Crypto, the digital asset division of Jump Trading Group, is actively engaged in venture investing and developing blockchain and crypto-native projects. Shelby is launching in a highly competitive cloud marketplace, which is dominated by Amazon Web Services (AWS), Microsoft Azure and Google Cloud. Pranav Raval, Aptos' engineering lead, told Cointelegraph that Shelby offers similar performance to leading cloud platforms, but gives developers the ability to 'retain ownership, control pricing and program business logic at the protocol level.' AI workloads boost demand for data storage Raval was asked about the role of cloud services in supporting AI workloads, particularly in light of the massive data storage requirements and growing need for data center infrastructure. Citing International Energy Agency data, S&P Global recently reported that global data center power demand is projected to double by 2030. These rising data demands fuel the need for scalable, efficient storage solutions, placing increased pressure on cloud platforms to keep up. 'When data is activated, it builds new worlds and powers new economics, creativity, and coordination,' said Raval, adding: 'For AI, that means AI agents aren't just smart, they're connected to live, contextual data anytime, anywhere. AI data marketplaces hosted on Shelby empower builders to train models faster, using relevant data streamed in as needed.' Source:
Economic Times
24-06-2025
- Business
- Economic Times
Cryptocurrency Live News & Updates : Aptos Labs and Jump Crypto Introduce Shelby Network
25 Jun 2025 | 01:55:10 AM IST Aptos Labs and Jump Crypto have launched 'Shelby,' a decentralized hot storage network aimed at providing cloud-grade infrastructure for web3 applications. Aptos Labs and Jump Crypto have unveiled 'Shelby,' a decentralized hot storage network designed to enhance data accessibility for web3 applications, addressing the limitations of current blockchain infrastructures. This initiative aims to facilitate real-time applications such as AI and streaming. Meanwhile, Synaptogenix has made strides in the AI sector by acquiring TAO, partnering with BitGo for asset management. Unicoin Inc. has also expanded its portfolio by acquiring a majority stake in Diamond Lake Minerals, focusing on digital assets and security tokens. In the payments landscape, Mastercard is enhancing its stablecoin offerings through partnerships with Paxos, Fiserv, and PayPal, aiming to integrate stablecoins into everyday transactions. This reflects a growing trend of institutional adoption of stablecoins, especially as regulatory frameworks develop. Lastly, Fed Chair Jerome Powell has reiterated a cautious approach to monetary policy, indicating that the economy's current state allows for patience before any rate adjustments. Together, these developments highlight the dynamic shifts in the cryptocurrency and financial sectors. Show more
Forbes
08-05-2025
- Business
- Forbes
BlackRock-Backed Securitize Raises Strategic Funding From Jump Crypto
Carlos Domingo, founder and CEO of Securitize Securitize Jump Crypto, the digital asset arm of Chicago quantitative trading firm Jump Trading, has taken a strategic stake in Miami-based Securitize, one of the leading platforms bringing real-world assets (RWAs) like Treasurys and private credit onto public blockchains. Terms of the deal were not disclosed. This is the first outside investment in Securitize since BlackRock's $47 million round last year, which cemented the firm as a cornerstone of the fast-growing tokenization market. Other blue-chip asset managers, including Apollo, Hamilton Lane and KKR, have also tapped Securitize to issue blockchain-based funds. These aren't fringe crypto experiments. The funds tokenize mainstream products including Treasurys, private credit, and private equity on blockchains like Ethereum and Solana. BlackRock's BUIDL fund, the $10 trillion asset manager's first blockchain-based vehicle, which also is Securitize's marquee product, has become something of a bellwether of tokenization. Structured as a money market fund, it now manages $2.86 billion in assets. Since its debut just a little over a year ago, tokenized Treasury products have surged 800% to nearly $7 billion, a sign that the pitch is resonating with yield-hungry investors looking for alternatives to traditional wrappers. Michael Sonnenshein, COO at Securitize Securitize 'We think that the market should be digesting this investment really as a signal that firms like Jump now have conviction in not only tokenization, but the role and the impact that tokenization is having on capital markets, capital formation and investment accessibility on chain,' says Michael Sonneshein, Securitize's COO and former CEO of crypto asset manager Grayscale. He argues that tokenization offers distinct advantages that legacy formats don't match. Products like BUIDL, for instance, pay daily dividends, something traditional money market funds do not, and investors are increasingly choosing tokenized Treasurys over stablecoins as collateral, largely because tokenized products share yield with holders. In addition, pairing tokenized funds with decentralized finance opens new lending opportunities. Jump will help Securitize to do just that: expand the role of tokenized assets in collateral management and trading. The tokenization sector is growing fast. Since BUIDL's launch, RWAs have more than doubled from about $9 billion in total value locked to $22.4 billion. Boston Consulting Group projects the tokenized asset market will balloon to $19 trillion by 2033. On Monday, the SEC's Crypto Task Force will host a roundtable on tokenization with issuers including Securitize. Meanwhile, the company is preparing its next act. In partnership with Lisbon-based Ethena Labs, it is about to launch a new blockchain called Converge. The idea is to create a compliant gateway for institutional capital into DeFi. Converge is expected to launch later this quarter.
