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Stonex Leads Series a Funding, Partners With Enhanced Digital Group

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Stonex Group leads EDG’s Series A round and forms a strategic partnership to expand digital‑asset offerings. Stonex Group Inc. announced in New York that its Stonex Digital division has entered a strategic partnership with Enhanced Digital Group (EDG) and led EDG’s Series A funding, acquiring a minority stake. The collaboration will combine Stonex’s extensive derivatives platform with EDG’s […]

Maalexi to Launch World’s First Agricultural Asset Token Exchange on Avalanche

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Maalexi, an agri-trade fintech startup based in Abu Dhabi’s Hub71 ecosystem, is set to launch the World’s First Agricultural Asset Token Exchange (MAATEX). The platform will be built on the Avalanche blockchain and aims to transform cross-border food trade by leveraging Real World Asset (RWA) tokenization.

The initiative seeks to introduce a new standard for trust and transparency in the agricultural sector. MAATEX will allow global buyers and suppliers to trade Maalexi Agri Tokens (MATs)—secure, tradeable digital assets that represent insured, audited, and legally owned agricultural commodities.

Tokenizing the food supply chain

The exchange is designed to solve long-standing inefficiencies in global food supply chains, which often suffer from slow settlement times and lack of transparency. By combining Maalexi’s risk management technology with Avalanche’s high-performance blockchain infrastructure, MAATEX aims to enable instant ownership transfer and immediate cross-border settlements.

The platform will be powered by a suite of ten proprietary technologies, including IoT monitoring and AI-driven risk analysis. This “embedded intelligence” ensures that every token carries continuous validation of the underlying asset’s condition and location, whether it is stored in a warehouse or in transit.

Dr. Azam Pasha, co-founder and CEO of Maalexi, commented on the launch: “Global food supply chains will require greater speed, trust, and full transparency as cross-border trade becomes more complex. On Avalanche we will build a tokenized exchange where every agri asset will carry built-in assurance and will move instantly across global markets.”

Proven performance

Maalexi’s move to launch a dedicated exchange builds on a track record of operational success. The startup reports having already delivered millions of kilograms of produce and executed thousands of blockchain smart contracts. Notably, the company claims a supply failure rate of less than 1 percent—significantly lower than the industry average of 50 percent—and has boosted buyer capital efficiency by 72 percent.

Khalid Dannish, MENA head at Ava Labs, added: “By launching MAATEX on Avalanche, Maalexi is creating a new digital market infrastructure where tokenized agricultural assets can move with full transparency and embedded assurance.”

As a member of Hub71, Abu Dhabi’s global tech ecosystem, Maalexi continues to benefit from the region’s focus on digital assets and fintech innovation. The creation of MAATEX represents a significant step in the evolution of RWA tokenization, moving beyond financial instruments to tangible commodities that are essential for global food security.

FCA Opens UK Crypto Licensing Gateway Under New Regime

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Financial authorities in the United Kingdom set a timeline for a new crypto licensing regime, requiring aspiring companies to seek full authorization before the framework comes into force.

Crypto asset service providers (CASPs) will be able to apply to enter the UK under the crypto licensing regime starting this fall, the Financial Conduct Authority (FCA) said Thursday.

“We expect the application period will open in September 2026,” the FCA noted, adding that the timeline will be confirmed in due course.

The FCA’s gateway will offer a limited window for applications to be processed before the regime goes live, expected on Oct. 25, 2027.

Existing registrations won’t convert automatically under FCA gateway

Under the plan, all companies providing regulated crypto asset services in the UK will need to be authorized under the Financial Services and Markets Act (FSMA).

The authorization requirement includes crypto entities currently registered under existing Money Laundering Regulations (MLRs) and payment-related frameworks, the FCA noted, adding:

“In particular, firms that are registered with us under the MLRs should note that there will be no automatic conversion and that they will need to secure authorisation by us under FSMA prior to the commencement of the new regime.”

Companies that are already FCA-authorized under FSMA for providing other regulated activities will need to “have varied their existing permissions before the commencement of the new regime.”

Related: Barclays makes first stablecoin investment with stake in Ubyx

The regulator also said crypto firms that currently rely on another authorized company to approve their financial promotions will need to obtain direct FCA authorization to market products in the UK.

Companies missing the application window may face restrictions

The FCA requires crypto companies to apply within a set window, at least 28 days long, and closing no later than 28 days before the new regime starts.

Applications submitted during this period are expected to be decided before the regime comes into force. Draft legislation includes a “saving provision,” allowing businesses to continue operating while their applications are assessed.

Companies that miss the window or are not authorised when the regime begins will fall under transitional rules, permitting existing products but restricting new offerings. Late applicants can still apply, but the FCA warned they may face longer assessment timelines.