BIS' Project Agorá To Explore Cross-Border Payments Tokenization

Hi NoRamp Community,

Daily News:

1) Franklin Templeton Understands The Importance of Ordinals

2) Skate Takes An App-Centric Approach To L2 Fragmentation

3) Brim Financial Plans International Expansion After $85M Series C

4) BIS' Project Agorá To Explore Cross-Border Payments Tokenization

5) Compliance Tech Leader Formalize Announces €15M Series A

Franklin Templeton Understands The Importance of Ordinals:

• Franklin Templeton's digital assets division has highlighted the rise of Bitcoin Ordinals and other innovations like BRC-20 and Runes tokens in a new prospectus, acknowledging a renaissance in Bitcoin development over the past year.

• The investment firm noted the surge in trading volume and market capitalization of Ordinal collections, such as NodeMonkes, Runestone, and Bitcoin Puppets, marking a significant presence in the NFT market.

• Franklin Templeton has been actively investing in digital assets and infrastructure startups, with its venture arm focusing on Ordinals infrastructure. The firm recently filed a proposal for a spot Ethereum ETF, following the approval of its Bitcoin ETF, showcasing its progressive stance on digital assets.

Skate Takes An App-Centric Approach To L2 Fragmentation:

• The emergence of numerous blockchain networks has highlighted user experience limitations due to application fragmentation across different chains, leading to inefficient operations and increased development costs.

• Skatechain, previously known as Range Protocol, aims to create a universal application layer for all chains, addressing the issue of redundant development efforts and fragmented liquidity by enabling seamless interaction of decentralized applications across various blockchains.

• Skatechain proposes a hub and spoke model that relies on transactions being matched and executed by off-chain executors, with the application logic and unified state maintained on Skatechain while assets remain on their native chains. This approach is expected to provide a better user experience and efficiency for dapp developers and users.

  

Brim Financial Plans International Expansion After $85M Series C:=

• Brim Financial has raised $85 million in a Series C funding round to accelerate its growth and fuel international expansion.

• The funding will support Brim's focus on platform automation, integration of open banking capabilities, and execution of its product roadmap, aiming to redefine the credit card and payment infrastructure landscape.

• Since its Series B round, Brim Financial has achieved milestones such as partnering with TrueNorth to offer a credit card-as-a-service platform in the US and Canada, and teaming with Mastercard to modernize credit card infrastructure.

BIS' Project Agorá To Explore Cross-Border Payments Tokenization:

• The Bank for International Settlements (BIS) is launching Project Agorá, a public-private partnership to explore tokenizing cross-border payments with seven central banks (Bank of England, Bank of France, Bank of Japan, Bank of Korea, Bank of Mexico, Federal Reserve Bank of New York, and the Swiss National Bank) and private sector participants, coordinated by the Institute of International Finance (IIF).

• Project Agorá aims to integrate tokenized commercial bank deposits with tokenized wholesale central bank money within a programmable core financial platform to enhance the speed and integrity of international payments while reducing costs.

• The initiative follows the successful conclusion of BIS' Project Mariana, which explored the cross-border settlement capabilities of wholesale central bank digital currencies.

FullCircl Launches New Tool For Regulated Business Prospecting:

• FullCircl has introduced 'Find Companies,' a new tool designed to improve the intelligence and efficiency of prospecting strategies in the market, addressing challenges such as finding and prioritizing targets, working in silos, and lacking insightful reporting and automation.

• The tool offers advanced search capabilities, prequalification filters, Boolean logic, customizable reporting, and enhanced team collaboration through an intuitive interface, aiming to help regulated businesses identify, qualify, and secure high-value opportunities.

• Alongside 'Find Companies,' FullCircl has also updated its platform's user interface and released new API documentation, demonstrating its commitment to innovation and support for regulated businesses in modern-day prospecting.

NoRamp:

NoRamp is building Web2’s favorite Web3 apps on our lightning-fast payment infra. Join our discord, dive into our our docs, or check out our website to learn more.