Author: rb809rb

  • TelevisaUnivision Quarterly U.S. Ad Revenue Drops 29 Percent, But World Cup Boosts Mexico Results

    TelevisaUnivision Quarterly U.S. Ad Revenue Drops 29 Percent, But World Cup Boosts Mexico Results

    Spanish-language media giant TelevisaUnivision reported a 29 percent U.S. advertising revenue drop and an 11 percent total U.S. revenue decline to $722 million in the second quarter when NBCUniversal’s Telemundo, its rival, featured the Spanish-language rights to the 2026 FIFA World Cup.

    The U.S. ad results reflected “cyclical softness in our business from competitive sports programming,” the company said. “In Mexico, advertising revenue increased 23 percent to $353 million, driven by the FIFA World Cup.”

    Total company revenue in the second quarter grew 10 percent to $1.3 billion, “driven by 53 percent growth in Mexico following a record-breaking FIFA World Cup performance that reached 675 million total viewers across linear and [streamer] ViX,” said TelevisaUnivision. But its operating Income dropped to $224 million from $241 million, while adjusted OIBDA of $388 million was down from $398 million in the year-ago period.

    Total quarterly subscription and licensing revenue jumped 40 percent to $621 million, “driven by approximately $90 million in revenue attributable to sublicensing the FIFA World Cup rights in other Spanish-speaking Latin American countries, the expansion of ViX’s premium tier and higher linear distribution revenue,” the company said. “In the U.S., it grew 8 percent to $377 million, driven by growth in ViX’s premium tiers, the company’s partnership with Hulu Live TV and higher average rates. In Mexico, it grew 157 percent to $245 million, driven by strong content licensing revenue and growth in ViX’s premium tier.”

    Operating expenses increased 16 percent, or 11 percent when excluding foreign exchange impacts, “mainly driven by sports costs associated with the FIFA World Cup,” the firm said. The higher expenses hit the bottom line.

    “TelevisaUnivision delivered solid second-quarter financial results, driven by the record-breaking success of our FIFA World Cup coverage,” said Daniel Alegre, CEO of TelevisaUnivision. “The tournament reinforced why soccer is a cornerstone of our strategy and why we are the ‘home of soccer’ for Hispanics. Sports, together with our continued investments in live events and premium entertainment, ensure that we remain the destination for culturally relevant moments that matter.”

    Concluded the CEO: “Combined with our unique connection to our audience and the importance of our platforms heading into the U.S. election cycle, this momentum positions us well to drive sustained profitability while creating even greater value for our audiences, advertisers, and partners.”

  • Iranian Director Mohsen Gharaei’s ‘Falling House’ Boarded by Paradise City Sales Ahead of Venice Premiere

    Iranian Director Mohsen Gharaei’s ‘Falling House’ Boarded by Paradise City Sales Ahead of Venice Premiere

    Paradise City Sales has boarded worldwide sales on Iranian filmmaker Mohsen Gharaei’s latest feature, “Falling House” which is set to world premiere in the Horizons section at the Venice Film Festival.

    “Falling House” marks his follow up to “Blockage,” a 2017 drama that portrayed contemporary Iranian society and won best film at Busan before going on to play at Rotterdam and Munich.

    CAA Media Finance is handling U.S. rights, while Paradise City Sales represents international sales on “Falling House.”

    The film follows a modest family on the outskirts of Tehran who faces the imminent destruction of their home as part of a vast redevelopment project. While Rashid, the father and a prison guard, is being accused of corruption, he discovers that his eldest daughter, Ensi, is secretly planning to leave Iran to become a model. As the bulldozers draw ever closer, the tensions within the household begin to rise.

    “The most terrifying structures are the ones that no longer need a tyrant,” said Gharaei. “Their logic has already taken root in the minds of many. They become truly powerful the moment they are no longer recognized as violence. A prison no longer needs walls. It only needs people willing to call it home.”

    Written by Mohsen Gharaei and Amir Mohammad Abdi, “Falling House” stars Laleh Marzban, Rima Raminfar, Farhad Aslani and Elena Khakbaz. The film is scored by critically acclaimed composer Max Richter (“Hamnet”), cinematography by Farshad Mohammadi, editing by Evelyn Rack (“Sound of Falling”) and Emad Khodabakhsh, and sound design by Oscar-nominated Ansgar Frerich (“Of Fathers and Sons”).

    “Falling House” is produced by Milad Khosravi and Mohsen Gharaei for Seven Springs Pictures (“Divine Comedy”), Oscar-winning producer Odessa Rae for RaeFilm Studios (“The Voice of Hind Rajab”), and Daya Fernández, Amaury Nolasco and Alois Rubenbauer for 3SIX9 Studios. Basis Berlin Filmproduktion (“Of Fathers and Sons”) and Zentropa Germany (“King’s Land”) are co-producing, with Oscar-nominated producer Jon Kilik (“Babel,” “The Hunger Games”) serving as executive producer.

    “‘Falling House’ carries a warning we have felt growing for years,” said Khosravi, who is producing for Seven Springs Pictures. He added that the idea for the film “was conceived long ago, and the screenplay was completed before the present madness in our country could have been imagined.” “Yet today the film feels painfully prophetic, reflecting the long-term suffering of ordinary people who have endured decades of oppression and now face the fear and uncertainty brought by the ongoing war,” he continued.

    Rae at RaeFilm Studios pointed “Falling House” is not a film about politics, but rather a “film about people living under its weight.” “Every system eventually arrives at someone’s front door. Mohsen captures this with extraordinary restraint,” she added.

    Jeanne Loriotti, sales executive at Paradise City Sales, said “Mohsen Gharaei has crafted a compelling, plot-driven story that combines a true sense of urgency with remarkably rich and layered characters.” She said the company was “struck by the film’s mounting tension, its emotional depth, and its remarkable performances, particularly from the female cast.” Mohsen Gharaei is represented by Seven Springs Pictures.

    Paradise City Sales’ Venice slate also includes Andrea Pallaoro’s “The Echo Chamber” and Lili Horvát’s “My Notes on Mars,” opening Venice Days.

  • Imax Quarterly Revenues, Profit Rises on Premium Screen Gold Rush

    Imax Quarterly Revenues, Profit Rises on Premium Screen Gold Rush

    Christopher Nolan’s The Odyssey, shot entirely on Imax film cameras and seen by cinema-goers on Imax premium large format screens, helps explain the lift the film technologies company received from Hollywood’s premium screen gold rush with its second quarter financial results out on Thursday.

    Imax had revenue of $102.8 million in the quarter, up 12 percent from $91.7 million in the year-ago period, while net income rose 30 percent to $15.9 million, compared to a year-earlier $12 million. The adjusted earnings per-share hit 43 cents, up 65 percent against a year-earlier 26 cents.

    As Imax navigates a post-pandemic box office rebound for the Hollywood studios, the company’s main movie suppliers, the film technologies company is spearheading a push by major exhibitors into in-demand premium screens and movies shot with proprietary Imax cameras like The Odyssey.

    And The Odyssey is proving as transformational for Imax on its giant screens as James Cameron’s Avatar franchise was in earlier business cycles, both in global audience and theatre network sales. That’s feeding through to Imax’s bottom line.

    Second quarter content solutions revenues — or business from agreements with the major studios and filmmakers rose 2 percent to $35 million, while the latest quarter’s technology products and services revenues, or the proceeds from the sale, lease and maintenance of Imax’s theater systems network, rose 16 percent to $65 million.

    Imax also has momentum in the current third quarter after The Odyssey delivered a record worldwide opening weekend for Imax at $52 million in box office and around 20 percent of the global first weekend ticket receipts.

    “As we enter the second half of 2026, Christopher Nolan’s breathtaking The Odyssey — the first-ever full-length theatrical release filmed entirely with Imax film cameras — is emerging as a transformational event for Imax, as the purest and most complete expression yet of the power of our global platform,” Rich Gelfond, CEO of Imax, said in a statement that accompanied his latest financial results.

  • Venice Horizons Opener ‘The Girl With the Leica’ Boarded by Fandango Sales (EXCLUSIVE)

    Venice Horizons Opener ‘The Girl With the Leica’ Boarded by Fandango Sales (EXCLUSIVE)

    Fandango Sales has boarded international sales on “The Girl With the Leica,” directed by Alina Marazzi, just announced by the Venice Film Festival as the opening film of its Horizons section.

    The film paints a portrait of pioneering photojournalist Gerda Taro, the German-Jewish war photographer, anti-fascist and artist whose legacy has long been overshadowed. Together with her partner, the Hungarian photographer André Friedmann, Taro created the fictional photographer “Robert Capa” — a pseudonym adopted by Friedmann designed to overcome growing political intolerance in Europe and appeal to the American market. As a result, many of the photographs long attributed to Capa were in fact taken by Taro. While covering the Spanish Civil War, she became the first female photojournalist to be killed on the battlefield.

    “The Girl With the Leica” re-centers the story firmly on Taro herself — her work, her deeply held political beliefs, and the vibrant circle of admirers, artists and intellectuals drawn to her beauty, intelligence and independence.

    The film is set in Paris on July 14, 1937. Taro spends her final day before returning to the Spanish front with Capa, and the close friends with whom she escaped Nazi Germany. As past and present intertwine, the defining moments of her life resurface: her political activism in Leipzig alongside her first love, her years of exile in Paris, her whirlwind romance with Capa, her discovery of photography, and her growing determination to use her Leica as a tool for resistance and freedom.

    Raffaella Di Giulio, managing director, international sales and acquisitions for Fandango Sales, commented, “We are delighted to reunite with Vivo Film and to work for the first time with Alina. Through a beautiful and poetic blend of archival footage and fiction, she has crafted a stunning film that lets audiences rediscover a long-forgotten figure: Gerda Taro. We cannot wait to share her story with distributors and audiences alike.”

    Producers Marta Donzelli and Gregorio Paonessa for Vivo Film and Jonas Dornbach for Komplizen Film added: “Gerda Taro’s story feels even more urgent and relevant today than when we first began developing the project years ago. Through her work, she fought for freedom and never lost sight of the political power of photography, especially in times of war. Alina Marazzi is one of the most distinctive voices in Italian cinema. With this film she takes a remarkable step into fiction while remaining deeply true to what has always defined her work: an exploration of women’s lives, a creative incorporation of archival material, and a constant dialogue between history and the present.”

    The film features Emilia Schüle, Aaron Altaras, Luna Wedler, Lucas Englander and Thomas Schubert, along with Sebastian Schneider, Idan Weiss, Lia von Blarer, Hans-Christian Hegewald, Jeremy Mockridge and Joel Basman.

    Schüle, who stars as Taro, is best known for playing the lead role in the Canal+ and BBC Series “Marie Antoinette” and TV roles including Netflix’s “Der Parfumeur” and ZDF’s popular “Ku’damm” series. Her film credits include recent Berlinale breakout “The Trial of Hein,” as well as German box-office hits “Wunderschön” and “Wunderschöner.”

    “The Girl With the Leica” was lensed by Chilean-Danish cinematographer Manuel Alberto Claro, known for his Lars von Trier collaborations including “Melancholia” and “Nymphomaniac,” and integrates images shot by Taro as well as rarely seen archival material into the drama.

    The film is freely adapted from Helena Janeczek’s novel “The Girl With the Leica” (2017), recognized in Italy with the Premio Strega — widely regarded as Italy’s most prestigious literary award. The novel also won the Premio Bagutta, one of Italy’s oldest and most prestigious literary prizes, before being translated into several languages, including English, German, French and Spanish, and published in 15 countries.

    Marazzi is an acclaimed director working across documentary, fiction and theater, with women’s subjectivity and the imagery of memory at the heart of her work. Her films include “For One More Hour With You” (Un’ora sola ti vorrei), which received a Special Jury Mention at the 2002 Locarno Film Festival; “We Want Roses Too” (Vogliamo anche le rose), presented at Locarno and winner of the FOCAL Award in 2008; and “All About You” (Tutto parla di te), winner of the Tao Due – Caméra d’Or Award at the Rome Film Festival in 2012. She is also co-artistic director of the UnArchive Found Footage Fest.

    The screenplay was written by Marazzi and Valia Santella, freely adapted from the novel by Janeczek.

    “The Girl With the Leica” is an Italian-German co-production, produced by Marta Donzelli and Gregorio Paonessa for Italy’s Vivo Film with Rai Cinema, Jonas Dornbach, Janine Jackowski and Maren Ade for Germany’s Komplizen Film, in co-production with ZDF/ARTE, in association with Beatrice Bordone Bulgari for Eolo Film Productions, in co-production with Film i Väst and Zentropa Sweden, with the support of Eurimages – Council of Europe; MIC – Direzione Generale Cinema e Audiovisivo; with the contribution of PR FESR Piemonte 2021 – 2027 Bando Piemonte Film TV Fund; with the support of Film Commission Torino Piemonte; with the support of Avviso pubblico Lazio Cinema International (PR FESR Lazio 2021-2027); with the support of DFFF – Deutscher Filmförderfonds and MDM – Mitteldeutsche Medienförderung; with the support of Creative Europe Media.

    The film will be distributed in Italy by BIM Distribuzione with a release date to be announced and released in Germany by Port au Prince.

  • Bulls face a test unlike anything in bitcoin’s 17-year history

    Bulls face a test unlike anything in bitcoin’s 17-year history

    The bitcoin BTC$65,543.28 market is facing a macro environment unlike any it has encountered in its 17-year existence.

    That’s tied to inflation-adjusted returns on bonds. The 30-year Treasury Inflation-Protected Security (TIPS) is now offering a yield of close to 3%, the highest in 17 years, according to TreasuryBonds.com.

    “This is one of the greatest wealth preservation opportunities in decades. Investors can lock in nearly 3% annual returns above inflation for the next three decades, backed by the U.S. government,” the site noted.

    In traditional markets, bonds are considered safe havens. When a haven asset offers a 3% return in excess of inflation, it raises the opportunity cost of holding non-yielding or riskier assets like gold and bitcoin. But for many, especially in the crypto community, bitcoin’s decentralized and censorship-resistant nature makes it a superior store of value and safe haven – and that argument is not without merit. Housing prices measured in bitcoin, for instance, appear significantly cheaper than when measured in dollars.

  • Morning Minute: Wall Street Moving Onchain Will Drive the Next Bull Market

    Morning Minute: Wall Street Moving Onchain Will Drive the Next Bull Market

    Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt.

    GM!

    Today’s top news:

    • Crypto majors mostly flat despite falling stocks & rising oil; BTC at $65.5k
    • Senate Republicans publish new Clarity Act draft, Dem Leaders still oppose
    • SEC Commissioner Pierce warns some DeFi vaults and onchain lending fall under securities law
    • BTC ETFs see 7 straight days of inflows; ETH validator exit queue goes to 0
    • Rhynotic’s new FWA protocol token runs to $11M, pumps multiple NFT sets

    🏦 Bitwise’s CIO Says Wall Street Moving Onchain Will Drive the Next Bull Market

    The next crypto bull market won’t look like the last ones.

    That’s the argument from Bitwise CIO Matt Hougan, who laid out in a new memo that the coming cycle will be driven by the convergence of traditional and onchain finance, stablecoins, tokenization, 24/7 trading, instant settlement, and institutional DeFi, rather than the speculative demand that powered previous rallies. His key claim is that because this cycle would be built on real financial activity and revenue, it could be bigger than what came before, even if it arrives slower and with less volatility.

    Hougan framed the opportunity as two “lanes.”

    • The first is the “Hyperliquid Lane”—crypto-native protocols that generate serious revenue and route it back to their tokens. For those unfamiliar, Hyperliquid crossed $1 billion in cumulative revenue in June, is on pace for roughly $800 million this year, and directs 99% of that revenue into buying HYPE on the open market.
    • The second is the “Robinhood Lane”—established companies building real financial services on blockchain rails instead of running pilots. Robinhood Chain went live July 1 and has already passed $3 billion in volume.

    The Hyperliquid Lane fixes crypto’s chronic flaw, where applications rack up fees and volume without creating any demand for their token. He named Uniswap, Aave, and Morpho as protocols moving the same direction, along with onchain darlings like Pump.fun. The TradFi stampede, Citadel into Crypto.com, Morgan Stanley onto E*TRADE, the DTCC going live on tokenization, is his Robinhood Lane.

    So here we have a credible institutional voice arguing that revenue and crypto rails will drive the next cycle, not speculation. This is not necessarily a new opinion, as many on CT (Crypto Twitter) have made Hyperliquid their shining star for months now. And as for the institutional driver, that’s not really a new concept either. But it is important when the CIO of Bitwise writes the thesis up formally covering these two factors.

    It’s no longer “the institutions are coming.” It’s “the institutions are here—and they’re going to drive the next bull cycle.” We’ll find out soon if he’s right…

    🌎 Macro Crypto and Markets

    • Crypto majors are mostly flat despite red stocks and rising oil; BTC -0.3% at $65.5k; ETH even at $1,925; SOL even at $78; HYPE even at $59.30
    • Stable (+16%), WLFI (+13%) and ENA (+4%) led top movers
    • Oil +4.5% at $90; Gold -1.5% at $4,090
    • Stock futures are red after rough earnings calls from TSLA and Google; DOW -0.4%, Nasdaq -0.5%
    • Senate Republicans published a new CLARITY draft that would impose limits on Trump’s crypto empire along with other updates
    • Seven key Senate Democrats said the draft “falls short” on ethics, consumer protection, illicit finance, and market integrity
    • SEC Commissioner Hester Peirce warned that some DeFi vaults and onchain lending products may fall under securities laws, a notable caution from the agency’s most crypto-friendly commissioner
    • Franklin Templeton’s Sandy Kaul called blockchain the next AI trade, arguing that as autonomous agents transact in fractions of a cent, card networks become uneconomical and blockchains win the machine-to-machine payment layer
    • BitMEX (co-founded by Arthur Hayes) announced it will permanently close on Sept 23, 2026, and has stopped accepting new users
    • Ethereum’s validator exit queue has fallen from a peak of 2.6M ETH to 0, while its staking queue now has 2.48M ETH and a 43-day waiting period

    Corporate Treasuries & ETFs

    Meme Coin Tracker

    • Meme leaders were mostly flat; DOGE -1%, SHIB -1%, PEPE even, PENGU -1%, TRUMP +3%, BONK -3%
    • Robinhood chain was led by GME (+425x), AI (+80%), and SWOGE (+190%); Cashcat -25% to $48M and PONS -18% to $26M as prior winners sell off hard
    • Solana leaders included Jimothy (+5%), KET (+110%) and BOP (+170%); ANSEM -10% to $175M

    💰 Token, Airdrop & Protocol Tracker

    • Kalshi launched a US Midterms Hub with live odds on Senate and House races alongside polling and FEC data
    • An Arbitrum USDC bridge lost about $24.15M after attackers compromised its hot-validator signing path, clearing quorum to authorize a withdrawal the contract treated as legitimate
    • The Verus-Ethereum bridge was exploited for the 2nd time in 2 months with $7.54M drained, after attackers abused the bridge’s import path

    🚚 What is happening in NFTs?

    • NFT leaders were flat while multiple other sets climbed; Punks even at 32 ETH, BAYC even at 8.65 ETH, Pudgy even at 4.18 ETH; Hypurr’s even at 185 HYPE
    • Cyberkongz (+53%), Memeland MVPs (+29%), TTT (+38%), Creepz (+77%), mfers (+16%) and CrypToadz (+16%) led top movers
    • Robinhood NFTs were led by Hood Mundo (+39%) and Pepe Hood Town (+9%)
    • Rhynotic’s new Fake World Assets (FWA) NFT gacha platform saw its token soar to $11M overnight before retracing
    • An FWA user won a Cryptopunk off a 0.06 ETH gacha spin (550x return), before selling it back for FWA tokens

    Daily Debrief Newsletter

    Start every day with the top news stories right now, plus original features, a podcast, videos and more.

  • Polymarket to challenge France’s nationwide website block

    Polymarket to challenge France’s nationwide website block

    Polymarket added it does not take the other side of trades or profit from market outcomes, distinguishing its model from a gambling operator that sets odds and trades against customers.

    The French regulator said the platform remained accessible after trading restrictions were introduced and continued to promote an unauthorized gambling service.

    It also cited concerns over identity checks and suspected manipulation of weather-related markets.

    France is the latest country to order internet providers to block Polymarket. Ukraine imposed an ISP-level block in January, Argentina followed in March and Spain blocked Polymarket and Kalshi in May.

    France’s action goes beyond the trading restriction already in place. Polymarket had blocked transactions from the country since November 2024, but the ANJ ordered the entire website blocked because users could still view its markets and live probabilities.

    Other countries including Brazil, India, Indonesia and Romania have also restricted access or classified Polymarket as an unauthorized gambling platform. Ukraine currently has no legal framework through which the platform could operate, according to a government policy official.

    CoinDesk has asked Polymarket whether it is challenging enforcement decisions outside France and had not heard back at the time of writing.

  • ‘George Michael: The Faith Tour’ Concert Tour Film Acquired by Bleecker Street, Universal Pictures Content Group

    The concert film “George Michael: The Faith Tour” has been acquired by Universal Pictures Content Group and Bleecker Street’s event cinema division Crosswalk.

    Universal Pictures Content Group will release the film internationally, and Bleecker Street’s Crosswalk will release the film in North America.

    Shot at the Palais Omnisports de Paris-Bercy during the European leg of the Faith Tour in
    1988, the film features never-before-seen footage of Michael.

    The concert film is directed by Michael’s longtime collaborators Andy Morahan (“Last Christmas”; “Faith”; “Careless Whisper”) and David Austin (George Michael “Freedom Uncut”, “George Michael at the Palais Garnier, Paris”). Screening with an opening original short film by Mary McCartney (“If These Walls Could Sing; “Mary McCartney Serves It Up!”) and produced by George Michael Entertainment and Globe Originals, in partnership with Mercury Studios, the film is slated for a late 2026 worldwide release in theaters in premium formats. In the U.S., Bleecker Street will partner with Imax on exclusive early
    access screenings.

    “George Michael: The Faith Tour” transforms archival footage assembled from a 14-camera shoot captured on 35mm film over two nights, into a cinematic event and audio experience. The film opens with an original short, “Finding Faith,” which features voice-over from Michael during an unheard interview alongside unseen images captured by photographer Herb Ritts, and behind-the-scenes footage of the “Faith” music video.

    The deal was negotiated by Helen Parker for Universal Pictures Content Group and Avy Eschenasy for Bleecker Street.

    Parker said, “George at the height of the Faith tour was simply electrifying — there’s a magnetic force of charisma and connection with the audience that feels just as powerful today as it did then.” She added, “To see these performances brought to life on the big screen, in such a cinematic and immersive way,
    makes this incredibly special — particularly for those who were there or remember that moment so vividly. We also can’t wait for a whole new generation to experience just how extraordinary he was as a creative force, performer and musical auteur.”

    Bleecker Street CEO Kent Sanderson said, “An icon of his generation and beyond, George Michael was at the height of his creative and cultural power during the Faith tour, a defining moment that was made for the big screen. Through beautifully restored archival footage and intimate, never-before-heard interviews, audiences will be given a front-row seat to a beloved artist at the peak of his impact.”

    Hit singer Michael, the founding member of the duo Wham!, died at the age of 53 in 2016. The singer sold more than 100 million albums over a career spanning almost four decades.

    “We are incredibly proud of ‘George Michael: The Faith Tour’ and the extraordinary craftsmanship that has gone into bringing this footage to life,” said Ken Danquah, Chief Finance & Commercial Officer, Mercury Studios. “We’re excited to be partnering with such world-class distributors as Universal Pictures Content Group and Crosswalk, whose proven track record and expertise in delivering immersive cinematic events make them the perfect partners to bring this film to audiences around the world.”

    The London-born singer, whose real name was Georgios Kyriacos Panayiotou, formed Wham! in 1981 with school friend Andrew Ridgeley, and the pop duo went on to have a string of hits, including “Wake Me Up Before You Go-Go,” “Club Tropicana” and “Last Christmas.”

    Michael and Ridgeley parted ways in 1986, and the former embarked on a solo career. His first album, “Faith,” sold more than 25 million copies, and won a Grammy. 

    “George was utterly unique, both as a man and an artist. Having had the great privilege of personally working closely with him and his team over the years, the opportunity to bring The Faith Tour to audiences through Globe Originals is an honor,” said Lucie Avery, general manager, Globe Originals. “Mercury Studios, working hand-in-hand with George Michael Entertainment, brought their unrivaled expertise and vision to this project from the outset. The result is a film that truly honors his timeless legacy.”

    Alongside the theatrical release, George Michael Entertainment and Sony Music Entertainment will release “The Faith Tour”, an 18-track live album of previously unreleased recordings featuring hits from Michael’s Wham! and solo catalogs.

  • Abu Dhabi’s Mubadala Capital joins tokenization push as Coinbase takes stake in onchain fund

    Abu Dhabi’s Mubadala Capital joins tokenization push as Coinbase takes stake in onchain fund

    Tokenization has become one of the fastest-growing corners of digital assets as traditional finance firms look to modernize fund infrastructure. Citi recently projected that tokenized securities could grow to roughly $5.5 trillion by 2030, while Boston Consulting Group and Ripple estimate tokenized assets across all asset classes could reach $18.9 trillion by 2033.

    Creating blockchain-based tokens of existing funds could help broaden access to a new set of investors and open the door for fund shares to be used as collateral or plugged into other onchain financial applications.

    For this particular case, KAIO provides the infrastructure that issues and administers Mubadala Capital’s tokenized fund. The company said Mubadala joins firms including Hamilton Lane, Brevan Howard and Laser Digital that use its platform to distribute investment products onchain, and currently has $144 million in tokenized funds on its platform.

    “This strategy was built on differentiated access — to deal flow, to co-investment, to a global network that most investors cannot reach on their own,” Max Franzetti, head of Mubadala Capital Solutions, said in a statement. “Bringing it onchain extends that access to a new class of qualified investors without compromising the institutional discipline that defines how we invest.”

    Brett Tejpaul, head of Coinbase Institutional, said that Coinbase adding the fund to its corporate balance sheet investment is a reflection of growing interest in regulated tokenized assets as treasury holdings. “As regulated assets become programmable, they can become part of a broader onchain economy that is more transparent, composable and accessible to qualified investors in eligible jurisdictions.”

  • Rubio says US policy on Iran is ‘a head for an eye’

    Rubio says US policy on Iran is ‘a head for an eye’

    NewsFeed

    US Secretary of State Marco Rubio says Iran will continue to ‘pay the price’ for what he said was the failure to stick to agreements, telling reporters that President Trump’s policy is ‘a head for an eye’.