Crypto Biz: From banks to biotechs, real-world assets move onchain

This week's Crypto Biz highlights the ongoing integration of traditional finance into the cryptocurrency sector. Tether is in discussions with major investors, including SoftBank and ARK, for a potential $20 billion funding round, which could value the stablecoin issuer at $500 billion. Meanwhile, the US SEC is considering allowing traditional stocks to be traded onchain through regulated exchanges, potentially opening up equities to a wider audience. JPMorgan's Kinexys platform has gained a new user, Qatar National Bank, to facilitate faster corporate US dollar payments. In a significant move, Predictive Oncology has established a treasury composed entirely of DePIN tokens, partnering with DNA Fund to gain exposure to decentralized infrastructure networks. Aethir, the selected DePIN provider, offers a decentralized cloud computing network for AI applications, boasting a market cap of about $640 million.

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