Cryptocurrency and centralized exchange companies launch more traditional investment offerings, bridging the division between traditional financial and digital assets.
In investors looking for more flexible product offerings under a platform, the “line is blurred” between traditional finances (Tradfi) and the cryptocurrency space, as two financial paradigns have signed a “growing synergy,” according to Gracy Chen, CEO of Bitget, the world’s sixth largest Crypto Exchange.
In the wider crypto space, Securitize cooperated with the Mantle Protocol to launch an institutional fund that would produce yield in a basket of different cryptocurrencies, similar to how the traditional index monitored a mix of stocks.
Developments came after the Crypto investor sentiment took a significant recovery, moving from “fear” to “neutral” for the first time since January 2025.
The investor’s sentiment was strengthened after US president Donald Trump Says That is Import tariffs on Chinese goods are “declining significantly,” the adoption of a softer tone of negotiations for the first time since the announcement of the reward tariff.
Crypto companies moving to Wall Street territory
Cryptocurrency and exchange companies are increasingly moving to Wall Street territory, launching more traditional investment offerings and showing increasing connection between crypto and traditional finances (tradfi).
“There is a growing synergy between traditional financial investment and the emerging crypto space,” according to Gracy Chen, the CEO of Bitget, the sixth largest crypto exchange.
“Crypto players are now reviewing traditional finances as they see the opportunity to bridge it,” Chen told Cointelegraph.
“The lines are smelling. Investors want flexibility, and products that can travele in both worlds are naturally attractive -” Chen said. “Some players see Traphfi as a safety net; others, like Bitget, see it as a launchpad for wider adoption.” He added:
“In a market -change, the integration is smarter than the separation.”
Securitize, mantle launch institutional crypto fund
The Platform of Tokenization Securitize partnered with the decentralized protocol’s decentralized protocol to launch an institution fund designed to earn yield in a different basket of cryptocurrencies, the companies said.
Similar to how a traditional index fund monitors a mix of stocks, Mantle Index Four (MI4) fund aims to offer exposure to investors in cryptocurrencies, including Bitcoin (Btc), Ether (Eth), and Solana (Sol), as well as stablecoins that monitors the US dollar, i -secure Says In an April 24th announcement.
The fund also includes liquid staking tokens – including Metle’s Meth, Bybit’s Bbsol, and Usde by Ethhane – in a bid to enhance the return with the onchain yield, according to the announcement.
Launching will come as retail and institutions that have the same increase in exposure to cryptocurrencies, especially Bitcoin, as a Hedge in the midst of increasing macroeconomic uncertainty.
Mantra said the CEO started the process of burning its 150 million OM tokens
Founder and CEO of mantra John Patrick Mullin began unable to move 150 million of his mantra (OM) tokens in preparation for sending them to a burn address in an attempt to restore the value of the token by tightening the supply.
Mantra announced On April 21 the unstaking process began, and completed on April 29, at that point Mullin’s Mantra (About) The tokens will be sent to the burn address and permanently deleted from the moving supply.
Mullin said it was a “first step in rebuilding trust in the community, but far away.”
Mantra said it also talks to “key ecosystem partners” about burning an additional 150 million OM to bring the total burning amount to 300 million.
At 150 million fewer OM, the total mantra supply will decrease by 1.67 billion, and the number of staked tokens will decrease by more than 26% to 421.8 million OM from 571.8 million OM.
Symbiotic raises $ 29 million for staking-based universal coordination layer
The symbiotic cryptocurrency staking protocol closed a $ 29 million series of a web3-focused investment companies, including Pantera Capital and Coinbase Ventures, to support the launch of a new layer of economic coordination for Blockchain economic security.
Rotating more than 100 angel investors, with the participation of major industry players Aave, Polygon and Starkware, the company said in an April 23 announcement shared with the cointelegraph.
The closure of funding is also marked with the launch of the universal staking framework of the symbiotic, aimed at becoming a layer of economic coordination that Bolsters blockchain security through staking.
The new staking layer provides for using any combination of cryptocurrencies to secure networks, including monolithic and modular Layer-1 and layer-2 blockchain, the announcement said.
“We have created a modular framework that enables protocols that change security models over time while well coordinating with risk,” Misha Putiatin, symbiotic co-founder, told Cointelegraph. “It empowers the protocols at each stage of their lifecycle to change their security models seamlessly without rebuilding the infrastructure.”
SEC delay is decision on polkadot etf
The US Securities and Exchange Commission (SEC) has delayed a decision on whether to approve a proposed funds exchanged by the exchange (ETF) holding a native token of Polkadot, regulatory shows.
According to During a filing on April 24, the regulator expanded its deadline for a final decision until June 11, almost four months after Nasdaq Ask for permission To list the Grayscale Polkadot Trust in Feb. 24.
Grayscale’s ETF filing adds to a roster of about 70 Suggested ETF Waiting for the SEC’s approval, including funds holding altcoins, memecoins and crypto-related derivatives, according to Bloomberg Intelligence.
Asset managers pierce the ETFs for “(e) very much from XRP, Litecoin and Solana to penguins, doge and 2x Melania and all in between,” Bloomberg analyst Eric Balchunas Says In a post on April 21 on the Platform of X. The Asset Manager 21shares is also awaiting permission to list its own polkadot ETF.
Overall -Defi Market
According to the data from Cointelegraph Markets Pro And tradingview, most of the 100 largest cryptocurrencies by market capitalization ended the week in green.
Trump’s official token (Trump) rose more than 73% as the largest acquisition of the week, after the The President announced a Exclusive in-person dinner for top tokenholders. The sui (Sui) The token rose by more than 69% as the second best performance of the Sunday.
Thanks for reading our summary of the most affecting defi development of this week. Join us next Friday for more stories, perspectives and education about the dynamic advancement of this space.
