Ripple filed two new trademark applications covering Triskelion design and word mark, listing services for treasury, trading, hedge fund management, prime brokerage, and asset management.
EDXM International plans blockchain-based won futures backed by KRWQ and settled in USDC, aiming to bring real-time crypto-native access to KRW/USD risk trading.
Crypto.com said it has secured a $400 million strategic investment from Citadel Securities at a $20 billion valuation, with the capital earmarked for tokenized securities, derivatives, and other asset classes. The deal adds to a broader push by Citadel into crypto market structure over the past year, including exposure to Ripple, Kraken, LayerZero’s Zero blockchain, and support for EDX Markets. Taken together, those moves show a consistent pattern: Citadel is not spreading capital across the crypto sector at random. Its focus has been on exchanges, settlement rails, institutional liquidity venues, and the infrastructure tied to trading and market plumbing. Public hiring for crypto quant and research roles in New York and Miami also suggests it is building internal market-making capability rather than remaining a passive investor. At the same time, Citadel has argued to the U.S. Securities and Exchange Commission that tokenized U.S. equities should be treated as securities and that DeFi protocols trading those assets should not escape exchange or broker-style oversight simply because they operate onchain. That position has drawn pushback from DeFi groups, which say the firm is trying to stretch legacy intermediary rules over non-custodial software and open infrastructure. The split leaves a clear message: Citadel appears willing to back crypto, but chiefly the version that keeps tokenized finance inside familiar regulatory boundaries.
EDXM International, backed by Citadel Securities, will launch KRW perpetual futures in early April using the KRWQ stablecoin. The product aims to undercut the traditional $27 billion offshore KRW NDF market by 50-75% in costs.
EDXM International unveiled an institutional-grade perpetual futures exchange with 44 trading pairs and Smart Collateral Management (SCM), aiming to attract traditional finance into crypto derivatives.
