21 Oaks Capital
Monthly Review

21 Oaks Newsletter — September 2023

1 October 2023·2 min read

BREAKING

  • The $1.4 trillion asset manager Franklin Templeton joins BlackRock and Fidelity in filing for a Bitcoin spot ETF.

MORE

  • Citibank launches blockchain deposit and trading services.
  • Deutsche Telekom organizes blockchain data with The Graph.
  • Leaked documents reveal Microsoft's plans to bring crypto wallets to Xbox.
  • Telegram rolls out a crypto wallet on Toncoin for its 800 million users.
  • Crypto exchange Kraken moves into TradFi and plans to offer equity trading from 2024.
  • SEC delays decision on Bitcoin ETFs for BlackRock, Invesco, Valkyrie and Bitwise.
  • Visa now enables sending and receiving USDC stablecoin payments via the Solana blockchain.
  • Crypto.com teams up with PayPal and Paxos to further advance PayPal USD.
  • Börse Stuttgart Digital and Munich Re expand their partnership with innovative and secure staking solutions.
  • PayPal patent applications signal interest in Layer 2s & NFTs.
  • FC Bayern invests in WEB3 infrastructure to offer fans new, innovative products.
  • JPMorgan plans to develop a blockchain token for payments.
  • The London Stock Exchange plans to build out a blockchain-based digital asset business.
  • Deutsche Bank intends to offer institutional investors custody solutions for crypto assets and tokenized versions of traditional financial assets.

SPEAKERS’ CORNER

  • Many investors currently no longer have digital assets on their watchlist. As an active market participant, that naturally catches our attention. Such phases are often good accumulation phases.
  • In our view, the prices of many protocols do not reflect what we are currently observing on the developer side and among traditional companies.
  • Behind the scenes, work on the technology continues actively, and many traditional companies are currently integrating distributed ledger technology into their business models.
  • Two areas we are looking at right now are the gaming sector and the so-called Layer 2 protocols.

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