Aurum Equity Partners has announced the launch of a $1 billion fund, combining both equity and debt, which will be tokenized through a collaboration with Zoniqx. This venture, which will use the XRP Ledger (XRPL), targets global data center investments.   

On Tuesday, River a U.S.-based Bitcoin financial services company announced the launch of its new product, Bitcoin Interest on Cash, which allows investors to earn interest on their cash deposits and receive payments in Bitcoin.

Options traders are betting Bitcoin could hit $80,000 by late November, regardless of the U.S. election outcome. Implied volatility for options expiring around November 5 is high, with a preference for call options allowing Bitcoin purchases at higher prices.

Top stories in the Crypto Roundup today:

• Aurum Equity Partners Launches $1B Tokenized Fund Powered by XRP Ledger
• River’s New Product Lets Investors Earn Bitcoin Interest on FDIC-Insured Cash Deposits 
• Options Markets Suggest Bitcoin Breakout Ahead of U.S. Presidential Election

Aurum Equity Partners Launches $1B Tokenized Fund Powered by XRP Ledger

Aurum Equity Partners has announced the launch of a $1 billion fund combining equity and debt, tokenized through a collaboration with Zoniqx and leveraging the XRP Ledger. It will target global data center investments, which will be built across the United States, United Arab Emirates, Saubi Arabia, India, and Europe.

Utilizing Zoniqx’s Tokenized Asset Lifecycle Management (TALM) solution and Dynamic Compliant Interoperable Security Token (DyCIST) protocol, Aurum’s assets will be converted into tokenized financial instruments. This process aims to offer investors greater liquidity and improved access to previously illiquid markets such as private equity and debt.

The initiative also enables seamless trading of these assets on secondary markets through the XRP Ledger, providing enhanced efficiency and compliance with global regulations, including anti-money laundering and know-your-customer requirements.

Prasanth Kalangi, CEO of Zoniqx,  emphasized that the collaboration exemplifies Zoniqx’s mission to advance asset tokenization for the financial industry. He -t noted that their technology addresses the evolving needs of the financial sector and that this partnership allows them to demonstrate the potential of tokenization, particularly in private equity markets.

David Schwartz, CTO of Ripple and co-creator of the XRP Ledger, also weighed in, explaining that using XRPL in tokenizing private equity helps solve significant challenges related to illiquidity and limited access.

River’s New Product Lets Investors Earn Bitcoin Interest on FDIC-Insured Cash Deposits

U.S.-based Bitcoin financial services company River has announced the launch of its new product, Bitcoin Interest on Cash, which allows users to earn interest on their cash deposits and receive payments in Bitcoin.

This new offering is designed to help individuals grow their savings in a volatile economic environment while ensuring security through FDIC insurance on cash deposits.The key feature of this product is that users can earn 3.8% interest on their cash deposits, with the flexibility to receive payments in either USD or Bitcoin..

This interest rate is subject to change, and River emphasizes that FDIC insurance protects cash deposits up to $250,000, while Bitcoin is held in full-reserve custody, ensuring added security. Over the past two years, River notes that this product could have generated returns 16 times greater than the average savings account.

River claims that this product offers a solution to the diminishing value of traditional savings accounts, which often struggle to keep pace with inflation. The company states that Bitcoin Interest on Cash allows users to benefit from the stability of cash while tapping into Bitcoin’s potential for higher returns.

River also pointed out that, unlike past crypto products that attempted to generate yield on Bitcoin itself, this product focuses on earning interest on cash deposits. The cash is held with Lead Bank, a member of the FDIC, which manages the funds and provides insurance.

Options Markets Suggest Bitcoin Breakout Ahead of U.S. Presidential Election

Options traders are increasingly betting that Bitcoin could surge to $80,000 by the end of November, regardless of the outcome of the U.S. presidential election. Implied volatility for Bitcoin options expiring around November 5 remains elevated, with traders favoring call options, which allow the purchase of Bitcoin at higher prices.

According to David Lawant, head of research at FalconX, the market anticipates strong Bitcoin performance, regardless of whether Donald Trump or Kamala Harris wins the election.

While Trump is considered pro-crypto, Harris has advocated for a regulatory framework, signaling a potential shift from the Biden administration's stricter stance. Potential Federal Reserve rate cuts are also contributing to this optimism.

Open interest for call options expiring on November 29 is concentrated around the $80,000 strike price, while contracts for December 27 show interest around $100,000. Data from Deribit shows that call options are commanding higher premiums than puts, reflecting traders’ focus on potential gains.

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