Shortly following the release of the BUIDL tokens, FalconX, the first CFTC registered dealer for digital asset swap, announced it would accept the institutional client tokens as collateral on its trading platform. FalconX is a well suited partner for BlackRock’s newly minted fund, merging the gap between traditional and digital financial services. Their brokerage firm […]
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While the utility of blockchain technology seems endless, so too is the prospect for coins and tokens in institutional banking and financial firms. In Spring of this year, Blackrock announced its offering of a tokenized money-market fund called Blackrock USD Institutional Digital Liquidity (BUIDL). The fund invests in cash, US Treasury bills, and repurchase agreements […]
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Earlier this year, the IRS released a draft copy of the 1099-DA, a new form that digital asset brokers will be using to report transactions for clients starting January 1, 2025. The basis for the 1099-DA is drawn from existing legislation and language from the Infrastructure Investment and Jobs Act 2021-2022 Section 80603, which specifies […]
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