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Flare Network (FLR) will onboard “professional infrastructure providers,” according to an announcement on December 7. These institutional players will join the network as validators and provide real-world data for Flare’s native oracles. In particular, Flare highlighted Ankr, Figment, Restake, and NorthStake onboard ing. Notably, Flare Network is the “first smart contract platform for whom these institutional validators also provide decentralized data feeds,” as communicated to Finbold. This recent onboarding aims to boost decentralization for oracle systems often used by blockchain developers. Hugo Philion, Flare co-founder and CEO, shared his vision: “The fact that institutional validators of the quality and scale of Ankr, Restake and Luga Nodes are willing to extend their business model to also provide decentralized data specifically on Flare gives proof positive to Flare’s vision for a fully decentralized network for data.” — Hugo Philion Flare Network’s data decentralizat...

The blockchain-based tokenization platform for the real estate industry headquartered in Slovenia, Blocksquare (BST), hired Fergus Murphy as its Head of Global Institutional Banking, per the information shared with Finbold . Murphy brings more than two decades of experience with the global banking industry to Blocksquare. He has previously worked in executive roles at multiple notable institutions, including as the CEO of Rabobank Ireland and CEO and executive vice president of the bank for Asia. Blocksquare highlighted that it had hired Murphy at a crucial time for projects seeking to tokenize real estate and that the recent global developments require “visionary leadership” to bring about greater blockchain adoption and help fuel an economic rebound. Murphy himself expressed his excitement about the new position and explained that tokenization holds immense potential: Blockchain infrastructure, tokenization, and the fractionalization of property are absolutely key to this eno...

Coinbase Global, the second largest cryptocurrency exchange by market cap, plans to launch a digital asset lending platform for large institutional investors on Sep. 5. According to a regulatory filing, the exchange has successfully secured $57 million in funding for this venture. The platform, Coinbase Prime, is designed as a comprehensive prime brokerage service for US-based institutions. It enables clients to both trade and securely store tokens. Furthermore, institutions have the option to lend their digital assets to Coinbase under standardized terms, which qualifies for a Regulation D exemption. You might also like: Coinbase’s Base faced its first significant outage Coinbase’s filing with the Securities and Exchange Commission (SEC) shows that the first sale was on Aug. 28, and by Sept. 1 (just four days later), Coinbase Prime had attracted five investors . The platform ’s launch is a reaction to regulatory problems caused by the SEC accusing the e...