Securities
Metaplanet acquires Siiibo Securities for $13.1 million
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Metaplanet completed the purchase of Tokyo-based Siiibo Securities in a deal worth about 2.1 billion yen. The acquisition supports the company's Project Nova initiative to develop Bitcoin-linked financial products.
South Korea's 61 securities firms posted a combined net profit of 4.33 trillion won in the first quarter, up 77 percent from a year earlier, driven by higher commission income from increased stock trading.
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U.S. clearing giant DTCC has chosen the Stellar blockchain as the first public network for its upcoming tokenized securities platform. The move builds on a nearly decade-long collaboration and is set to begin in the first half of 2027.
Coinbase, a major cryptocurrency firm, has initiated a lobbying effort in Maryland to challenge a state order restricting its staking rewards program. The campaign targets legislation to overturn the attorney general's cease-and-desist directive from 2023. Officials say the company has engaged with numerous lawmakers to secure support.