Magic Eden Launches Cross-Chain NFT and Crypto Wallet

Hi NoRamp Community,

Daily News:

UK Investment Funds Get Green Light For Tokenization

Circle Signs MoU With SBI Holdings to Expand USDC Circulation in Japan

Magic Eden Launches Cross-Chain NFT and Crypto Wallet

UK Investment Funds Get Green Light For Tokenization:

• UK investment funds receive approval for tokenization, with The Investment Association highlighting the potential benefits for efficiency, transparency, and competitiveness in asset management.

• The "UK Fund Tokenisation — A Blueprint for Implementation" report, developed with the UK Treasury, FCA, and major investment managers, outlines a model for tokenization within current legal and regulatory frameworks.

• This development aligns with the UK's broader push towards digital assets, including the Digital Securities Sandbox initiative, and international efforts like JPMorgan's collaboration under Singapore's Project Guardian for blockchain interoperability in fund management.

Circle Signs MoU With SBI Holdings to Expand USDC Circulation:

• Circle, the issuer of USD Coin (USDC), partners with Tokyo-based SBI Holdings to expand USDC's presence in the Japanese market, leveraging Japan's evolving regulatory environment.

• The collaboration, formalized through an MOU, aims to utilize Japan's revised Payment Services Act for the issuance and circulation of stablecoins, aiding Japan's transition to a Web3 economy.

• SBI Holdings will seek registration as an electronic payment instrument service, with its subsidiary SBI Shinsei Bank providing banking services to Circle, enhancing USDC's access and liquidity in Japan. Circle's CEO highlights the partnership's potential to influence digital currency standards in Japan and Asia.

Magic Eden Launches Cross-Chain NFT and Crypto Wallet:

• Magic Eden launches a crypto wallet browser extension in closed beta, aiming to support a multi-chain NFT world across Bitcoin, Ethereum, Solana, and Polygon.

• The wallet, starting on Google Chrome with plans for Safari and mobile apps, offers self-custody, allowing users full control over their crypto assets with a seed phrase for security.

• Magic Eden's wallet aims to simplify user experience with cross-chain token swaps, integration for fiat-to-crypto transactions via MoonPay, and features like cross-chain portfolio tracking and support for Bitcoin Ordinals, while addressing common issues in crypto browser extensions.

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