• Mastercard is launching a Multi-Token Network to make blockchain transactions secure, scalable and interoperable.
• OKX’s Liquid Marketplace has exceeded $3BN in trading volume with its ‘Nitro Spreads’ feature.
• Binance VIP & Institutional users have a positive outlook on crypto assets for the next decade, citing real-world use cases and improvements in regulatory clarity as drivers of adoption.
Mastercard Launching Multi-Token Network
Mastercard announced its Multi-Token Network (MTN), which will provide foundational capabilities designed to make transactions within the digital asset and blockchain ecosystems secure, scalable, and interoperable. Beginning this summer, the beta version of MTN will be available in the UK and act as a testbed for developing live pilot applications and use cases with financial institutions, fintechs, and central banks. The first phase of these applications will be powered by tokenized bank deposits. MTN will also be made available in additional markets around the world over time.
OKX’s Liquid Marketplace Exceeds $3BN Trading Volume
OKX announced that its Liquid Marketplace , an on-demand liquidity network for institutional traders, exceeded $3 billion in trading volume following the launch of their ‘Nitro Spreads’ feature. Selected institutional clients who applied for early access can now use Nitro Spreadsm while wider access will be available to other institutional clients starting July 5th.
Binance’s Institutional Clients Remain Optimistic on Crypto
Binance Research and Binance VIP & Institutional released survey findings showing that 88% of respondents expressed positive sentiment on crypto assets over the next decade. Additionally, 63.5% of Binance VIP & Institutional users had a positive outlook on crypto assets over the next 12 months; citing real-world use cases (26.9%) and improvements in regulatory clarity (25.3%) as drivers of adoption instead of higher prices (3.4%). This could indicate that institutional participation is taking longer time horizons than short-term market cycles into consideration when making decisions about investments into crypto assets.
Typeface Offers Generative AI Creation Platform
Typeface offers a generative AI creation platform for ecommerce businesses to build personalized brand experiences at scale using fonts created from custom data sets such as product images or user generated content like reviews or social media posts.. Typeface has raised $1M from investors including Y Combinator Continuity Fund, Susa Ventures’ Opportunity Fund and ES Ventures among others..
Conclusion
This article discussed recent news related to payment networks, exchange trading volumes, investor sentiment towards cryptocurrencies and new platforms providing generative AI services for ecommerce businesses; all demonstrating progress towards further mainstream adoption of cryptocurrencies across different industries globally
