MultiToken – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Thu, 26 Jun 2025 13:24:16 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.8 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 MultiToken – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Ex-Blackstone, Tether Execs Seek $1B to Build Multitoken Crypto Treasury: Bloomberg https://earlybirdsinvest.com/ex-blackstone-tether-execs-seek-1b-to-build-multitoken-crypto-treasury-bloomberg/ https://earlybirdsinvest.com/ex-blackstone-tether-execs-seek-1b-to-build-multitoken-crypto-treasury-bloomberg/#respond Thu, 26 Jun 2025 13:24:16 +0000 https://earlybirdsinvest.com/ex-blackstone-tether-execs-seek-1b-to-build-multitoken-crypto-treasury-bloomberg/

A blank-check company backed by former Blackstone dealmaker Chinh Chu and Tether co-founder Reeve Collins is looking to raise $1 billion to build a publicly traded cryptocurrency treasury firm, Bloomberg reported citing sources familiar with the plans.

The vehicle, M3-Brigade Acquisition V, plans to rebrand and use the cash to buy a basket of tokens including bitcoin

, ether and Solana’s sol .

The move comes as public companies worldwide are rushing to add cryptocurrencies as treasury assets. Many, however, are focusing on bitcoin, the largest crypto by market cap, alone. Among them, Anthony Pompliano’s ProCap BTC this week said it planned to go public through a SPAC and stock up on BTC. Multitoken companies are rarer and Brigade Acquisition would be among the first.

Former Hut 8 Mining CEO Jaime Leverton will run the company. Wilbur Ross, who served as U.S. Commerce Secretary, and Gabriel Abed, Barbados’s former ambassador to the UAE and current chair of Binance’s board, will act as vice chairs.

Cantor Fitzgerald is among the advisers, and both the fundraising target and token mix could still change, Bloomberg said.

The biggest name companies with single-coin strategies include Strategy (MSTR) and Metaplanet (3350), whose focus is on bitcoin. Other single tokens firms are exploring alternative coins, for example SharpLink Gaming (SBET) accumulating ether and Nano Labs piling into BNB.

Shares of M3-Brigade fell 12% after news of the plan surfaced on Wednesday, and were recently up 5% pre-market.

]]> https://earlybirdsinvest.com/ex-blackstone-tether-execs-seek-1b-to-build-multitoken-crypto-treasury-bloomberg/feed/ 0 44234 Ondo Finance Forms Partnership With Mastercard, Joins Payment Behemoth’s Multi-Token Network Blockchain https://earlybirdsinvest.com/ondo-finance-forms-partnership-with-mastercard-joins-payment-behemoths-multi-token-network-blockchain/ https://earlybirdsinvest.com/ondo-finance-forms-partnership-with-mastercard-joins-payment-behemoths-multi-token-network-blockchain/#respond Thu, 27 Feb 2025 00:32:55 +0000 https://earlybirdsinvest.com/ondo-finance-forms-partnership-with-mastercard-joins-payment-behemoths-multi-token-network-blockchain/

Mastercard is announcing a new partnership with Ondo Finance (ONDO) that will see the project join the credit card giant’s Multi-Token Network (MTN), a blockchain that links commercial banks and digital assets.

In a new press release, Mastercard says it is joining forces with the real-world asset (RWA) tokenization protocol because the firm believes blockchains are the future of business-to-business transactions due to their efficiency.

“Blockchain technology has the potential to transform the way businesses pay one another. Even in 2025, the complex work of settling the world’s business transactions sometimes requires waiting several days as banks communicate and sync their accounts with each other. Blockchains, on the other hand, can quickly process and settle transactions any time of day, any day of the week.”

Ondo’s chief strategy officer, Ian De Bode, told Mastercard in an interview that tokenizing traditional assets such as gold and securities and allowing them to be traded over blockchains will allow investors to escape the limited framework of traditional finance.

“When you put a traditional asset, such as an investment security, on the blockchain, you enable transactions around the clock, and you can integrate it into smart contracts.

You can do that without centralized counterparties. You’re not reliant on the infrastructure of traditional financial services, which do not work 24/7 and tend to be pretty siloed.”

De Bode goes on to predict that “we will see tokenized stocks, ETFs (exchange-traded funds) and the ability to borrow against them on-chain” faster than most people believe.

ONDO is trading for $0.967 at time of writing, a 1.8% decrease during the last 24 hours.

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