ChainCatcher news, the Hong Kong listed company FEG Holdings Corporation Limited has released a supplementary announcement regarding the establishment of a joint venture, disclosing that its joint venture will focus on establishing and operating digital asset businesses in virtual real estate and decentralized finance, aiming to design and build multiple virtual environments in Decentraland, including a virtual stock trading hall, financial education center, decentralized exploration zone, virtual conference center, and innovation lab.In addition, FEG Holdings has also announced that it has identified a proposed CEO for the joint venture, and together with its joint partners, will contribute a total of HKD 25 million, but the related amount will continue to be determined based on budget allocation and operational expense analysis.

ChainCatcher news, according to Cointelegraph, the hybrid cryptocurrency exchange GRVT has announced that it has obtained a modified (M) digital asset business license from the Bermuda Monetary Authority (BMA), allowing the exchange to operate as a regulated decentralized exchange (DEX).GRVT co-founder and CEO Hong Yea stated that after obtaining the initial M class license under the Bermuda Digital Asset Business Act (DABA), its goal is to obtain a full (F) class license by mid-2025 and further expand its business in a sandbox environment.

ChainCatcher news, the yield-generating stablecoin issuer Mountain Protocol announced on X that its license has been upgraded by the Bermuda Monetary Authority (Class F) to a full license. This is the highest license available for digital asset businesses in Bermuda, and currently only a few companies have obtained it, including Coinbase, Circle, Hashkey, and Zero Hash.

ChainCatcher news, according to the Financial Times, the London Stock Exchange has developed a new digital market business plan that will make it the first major exchange to offer extensive trading of traditional financial assets on blockchain technology.Murray Roos, head of capital markets at the London Stock Exchange, stated that they have conducted about a year of research on the potential of blockchain-driven trading venues, and they have now reached a "turning point" to decide to move forward with the plan, hoping to leverage the technology that supports popular tokens like Bitcoin to enhance the efficiency of buying, selling, and holding traditional assets. Roos mentioned that if the plan is successful, the London Stock Exchange will become the first large securities exchange to offer investors an "end-to-end" blockchain-driven ecosystem.Additionally, the London Stock Exchange is considering establishing a separate legal entity for the digital market business, aiming to launch and operate the first market within the next year, pending regulatory approval. The London Stock Exchange has been negotiating with regulators from multiple jurisdictions, as well as the UK government and Treasury, with the ultimate goal of establishing a global platform.

ChainCatcher news, according to Finextra, Turkey's Garanti BBVA Bank's fintech subsidiary Garanti BBVA Financial Technologies has launched a digital asset business that will initially support the transfer and custody services of Bitcoin and Ethereum.

ChainCatcher news, according to The Block, the French Financial Markets Authority (AMF) has approved Société Générale to operate digital asset services through its subsidiary Societe Generale Forge, including custody, sale, and trading of digital assets. Currently, Société Générale is the third largest bank in France and the sixth largest in Europe by market capitalization. (Source link)