Crypto Ecosystem Sees Strategic Moves: From Institutional DeFi to Infrastructure and M&A
Crypto Ecosystem Sees Strategic Moves: From Institutional DeFi to Infrastructure and M&A
The crypto market continues its dynamic evolution with several key developments. Japan's SBI Holdings is expanding its on-chain finance initiatives, partnering with Ondo to tokenize Japanese stocks. In the realm of corporate activity, Keyrock has finalized its acquisition of BlockFills' institutional trading assets, while MoonPay has acquired the crypto deposits startup Glide. Meanwhile, Polygon Labs announced a second round of layoffs amidst plans to finalize the Coinme acquisition, signaling strategic restructuring. Hardware wallet provider Ledger is also innovating, unveiling Agent Stack to enhance security against rogue AI transactions.
SBI extends onchain finance push with Ondo deal to tokenize Japanese stocks
Japan's SBI Holdings will use JPYSC for settlement and collateral while distributing Ondo products through its network.
Keyrock closes deal for BlockFills’ institutional trading and brokerage assets
The Brussels-based firm was earlier selected as the buyer for $3.25 million in BlockFills’ Chapter 11 bankruptcy process.
Polygon Labs announces second round of layoffs in 2026 as firm looks to finalize Coinme acquisition
"Two rounds of changes in one year is a lot to ask of a team, and I understand it is hard to manage," Polygon Labs CEO Marc Boiron said.
Ledger unveils hardware-backed Agent Stack to prevent rogue AI transactions
With Ledger Agent Stack, users can deploy bots to read balances, suggest transactions, prepare swaps and draft operations.
MoonPay acquires Y Combinator-backed crypto deposits startup Glide in all-equity deal
Crypto unicorn MoonPay has acquired Glide, a Y Combinator-backed crypto deposits startup, in an all-equity deal.