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BN Fondos has launched the first Bitcoin and S&P 500-focused investment funds in Central America, positioning itself as a pioneer in the region’s financial sector. The BN ETF 500 and BN ETF Bitcoin offer investors an opportunity to diversify their portfolios with exposure to global markets through exchange-traded funds . “These funds not only present an attractive investment opportunity but also represent a crucial step toward digitalization,” said Pablo Montes de Oca, general manager of BN Fondos. “Our commitment is to offer innovative products that benefit our clients and encourage new generations to invest,” according to Delfino. The BN ETF 500 is designed for long-term investors seeking exposure to the S&P 500, an index that tracks the 500 largest publicly traded companies in the U.S. It enables Costa Rican investors to access a broad market portfolio without the need to manage individual stocks. The fund also features no exit fees, allowing for flexible investment management. The BN ETF Bitcoin provides exposure to Bitcoin ( BTC ) through ETFs, enabling investors to participate in the crypto market without directly holding digital assets. To manage liquidity, the fund may also invest in U.S. and Costa Rican government securities denominated in U.S. dollars. By launching these funds, BN Fondos aims to bridge the gap between traditional finance and digital assets, making innovative investment products more accessible. Currently, Costa Rica ranks 92nd out of 155 countries in global crypto adoption, according to Chainalysis’ 2023 index.

AggrNews(No Accuracy Guaranteed): NOT BUYING ETH, CONSIDERING A BRIDGE LOAN FROM PARTNERS TO COVER THE STOLEN FUNDS, 80% ALREADY SECURED: LIVESTREAM, BEN ZHOU AggrNews(不保证真实性): 不购买 ETH，考虑从合作伙伴处获得过桥贷款以弥补被盗资金，80％ 已得到保障：直播，BEN ZHOU

Fox Business reporter Eleanor Terrett reported that CanaryFunds is launching the AXL (Axelar) Trust, which will include the native token of the Axelar network. Axelar serves as a cross-chain bridge between XRP Ledger and XRP Ledger EVM (Ethereum-compatible network). The trust…

Is it possible to exist; "A Web3 policymaking board categorized as Meso policy unit." The Meso Policy Unit will be a specialized governance entity designed to bridge the gap between Macro policy institutions (e.g., central banks, Global regulators like the Federal Reserve) and…

In this post: LTP, an institutional prime brokerage firm, announced that its subsidiary LiquidityTech Limited (LTP HK) acquired five types of HK SFC licenses. The newly acquired licenses will allow LTP HK to deal in securities and futures contracts, advise on securities and futures contracts, and manage assets. LTP HK became the first prime brokerage focused on virtual assets to secure a comprehensive suite of HK SFC licenses. LTP announced today that its subsidiary LTP HK had secured types 1, 2, 4, 5, and 9 licenses from the Hong Kong Securities and Futures Commission (HK SFC). LTP HK became the first prime brokerage to deal in securities and futures contracts, advise on securities and futures contracts, and manage assets. LTP disclosed that LTP HK was now licensed to offer a range of financial services to institutional clients, including proprietary trading firms, hedge funds, asset managers, and corporate investors. According to LTP, the regulatory achievement solidified LTP HK’s credibility and leadership within the dynamic financial services landscape. Jack Young, the founder and CEO of LTP, said regulatory compliance was the ‘fundamental pillar’ of the firm’s institutional prime brokerage services. He added that LTP was committed to serving institutional clients who demanded secure high-performance trading infrastructure. LTP HK increases its financial service offerings with new HK SFC licenses LTP announced that its Hong Kong subsidiary, LTP HK, had gained approval for a type 1 HK SFC license, which allowed the company to deal in securities. LTP HK also received type 2 licensing, allowing it to deal in futures contracts. Types 4 and 5 licenses authorized LTP HK to advise on securities and futures contracts, respectively. The type 9 SFC license allowed LTP HK to engage in regulated asset management. HK SFC recently announced its swift licensing process and revamped the second phase of its assessment of virtual asset trading platforms (VATPs). The agency disclosed that its proactive engagement and enhanced communication with VATPs to provide direct and effective guidance on its expected regulatory standards were key to the swift licensing process. LTP stated that the LTP HK’s approvals from the HK SFC aligned with the company’s commitment to regulatory compliance, institutional-grade services offering, and investor protection. “This regulatory milestone marks a strategic leap forward in our mission to bridge traditional finance with digital asset innovation.” -Ethan Wang, CEO of LiquidityTech Limited (LTP HK) Wang added that LTP HK was set to empower institutions with compliant customer-protected solutions that drove growth in evolving markets as Hong Kong cemented ‘its role as a global hub for financial innovation.’ The HK SFC had earlier identified various deficiencies and substandard conduct during the course of its supervision of licensed corporations engaged in asset management. Hong Kong SFC streamlines licenses for virtual asset managers The HK SFC recently published a circular detailing a new streamlined licensing process that now applies to all new applicants for a virtual asset trading platform (VATP) license. The single external assessment conducted after the applicant had implemented all its internal systems and controls replaced the two-phased external assessment previously required. Previously, applicants for virtual asset trading platform licenses–under the HK SFC’s Scope of External Assessment Reports published in June 2023–were required to engage an external assessor to submit two assessment reports to the SFC. The phase 1 report was submitted with the license application, and the effectiveness of the design of the license applicant’s proposed policies was assessed. The phase 2 report was submitted by an external assessor after the SFC granted approval-in-principle of the virtual asset trading platform license application and assessed the effectiveness of the policies, procedures, and the systems and controls actually implemented. External assessors are required to submit only one assessment report under the new streamlined licensing process. HK SFC confirmed that assessment was required to ensure that a VATP applicant’s systems and controls, policies, and procedures were suitably designed and implemented to meet the requirements of the SFC’s VATP and AML/CFT guidelines. The circular contained no details of the required terms of reference, scope, and specific areas to be covered by the single assessment report. According to the HK SFC, these details were available in the now defunct Scope of External Assessment Reports.