21 Oaks Capital
Monthly Review

21 Oaks Newsletter — March 2024

1 April 2024·2 min read

BREAKING

  • Japan's state-run Government Pension Investment Fund (GPIF), the world's largest pension fund, has formally begun gathering information on Bitcoin to assess new investment opportunities.

MORE

  • BlackRock has issued a tokenized money market fund on the Ethereum network and, at the same time, made a strategic investment in the tokenization platform Securitize.
  • Asset manager VanEck is launching its own NFT management platform.
  • Deutsche Börse is launching DBDX, a crypto exchange for institutional investors.
  • Union Investment has launched a multi-asset retail fund with a blockchain focus.
  • Revolut is introducing direct purchases of cryptocurrencies into users' self-custodied MetaMask wallets.
  • Sam Bankman-Fried, the former CEO of the now-bankrupt crypto exchange FTX, has been sentenced to 25 years in prison for stealing $8 billion from his customers.
  • Ethereum's new Dencun upgrade massively reduces transaction costs on layer-2 protocols (such as Arbitrum and Optimism).
  • DZ Bank intends to enable direct trading of cryptocurrencies using Börse Stuttgart's offering.
  • The SEC is investigating Ethereum, with a view to the Ethereum spot ETF applications, in order to substantiate a classification as a security.
  • Mastercard is partnering with MetaMask to test a fully on-chain crypto payment card.
  • 35 companies from the financial industry, including major banks such as BNY Mellon, Goldman Sachs, BNP Paribas, Nomura and Commerzbank, tested the Canton blockchain network with 22 applications built on the smart contract language DAML that connect private blockchains.

SPEAKERS’ CORNER

  • Interest in digital assets among semi-professional investors remains as strong as ever.
  • The upcoming Bitcoin halving in particular is currently a frequent topic of conversation.
  • We continue to focus on altcoins, which are likely to attract increased attention after the Bitcoin halving event.
  • So far we have not observed any increase in activity from professional investors and therefore see further upside potential for digital assets overall.

Translated from the German original, which is the authoritative version. Read the German version