ChainCatcher news, according to Bloomberg, cryptocurrency startup Figure is seeking approval from the U.S. Securities and Exchange Commission to issue an interest-bearing stablecoin, having submitted an S-1 form. This move aims to create a new type of stablecoin with federal legitimacy, and if successful, Figure will become the first stablecoin blockchain financial company regulated as a security in the U.S.In addition, Figure's digital asset division, Figure Markets, plans to complete a $50 million funding round at a $250 million valuation (excluding the financing amount), with Jump Crypto potentially acting as the lead investor. The funds will be used to support the operations of Figure Markets.

ChainCatcher news, according to Bloomberg, State Street Bank has recently restructured its digital assets division, with most employees being transferred to other departments of the company, resulting in some job cuts. Sources reveal that the number of positions eliminated is still unclear. By the end of 2023, the bank's digital assets division had about 100 full-time employees, most of whom have been reassigned to the bank's traditional asset servicing and technology operations departments.

ChainCatcher news, according to The Block, investment bank Cowen's digital asset division Cowen Digital, launched last year, will be shutting down. Cowen announced the launch of Cowen Digital in March 2022 and planned to provide trading execution and custody solutions for institutional clients. Subsequently, Cowen hired former executives from Blockchain.com and Coinbase to join Cowen Digital. (source link)