ChainCatcher news, the strategic partnership between the digital securities distribution platform Assetera and the digital securities exchange Archax, regulated by the UK's Financial Conduct Authority, will enable investors from UK Abrdn and other global investment firms to invest in 91 tokenized funds.The Assetera platform will initially provide tokenized access to the Abrdn money market fund, which manages £506 billion ($662 billion) in assets. Other asset management companies' funds are expected to join in succession.

ChainCatcher news, Xapo Bank has issued its banking license in the UK and entered the UK market. Xapo claims to be the first bank in the UK to offer interest-bearing Bitcoin and fiat currency accounts.According to the statement, its platform claims to provide a 1% Bitcoin interest yield without the need for staking, lending, or locking assets. The company did not disclose details about the source of the interest yield.Its users can use Bitcoin through Xapo's debit card, send GBP payments directly to UK bank accounts, invest in S&P 500 stocks, purchase selected cryptocurrencies, and access stablecoin payment channels using USD bank accounts.

ChainCatcher news, Daniel Seifert, Coinbase's Country Director for the UK and Vice President for Europe, the Middle East, and Africa, announced that Coinbase's UK users can now use Apple Pay as a payment option.It is reported that the UK is Coinbase's second-largest market, with over 6 million adults in the UK already owning cryptocurrency. Coinbase's move aims to further enhance participation in the digital asset market.

ChainCatcher news, according to The Block, Bybit CEO Ben Zhou stated that the new marketing rules in the UK, effective October 8, may force Bybit to exit the UK market.It is reported that the new UK marketing regulations classify cryptocurrency services as a high-risk investment category for UK marketing materials, requiring all global platforms to display clear risk warnings to UK customers and to have any public promotional activities approved by authorized companies.ChainCatcher previously reported that the cryptocurrency trading platform Bybit announced it would begin exiting the Canadian market on May 31 due to recent regulatory developments in Canada.

ChainCatcher news, according to Bloomberg, the U.S. retail trading platform Robinhood is hiring for key positions in the UK to attract local investors. According to information on LinkedIn and the company's website, the company has opened positions for a UK regulatory expert and an operations manager with securities and brokerage experience.