Interactive Brokers Enables Stablecoin Funding

IBKR enables stablecoin funding

Interactive Brokers (IBKR), an automated global electronic broker, today announced that eligible clients of Interactive Brokers LLC (IB LLC) can now fund their brokerage accounts using stablecoin. This new capability provides near-instant processing and 24/7 availability, including weekends and holidays, enabling clients to deposit funds and begin trading across 170 global markets within minutes of initiating a transfer.

Clients can fund their accounts with USDC, a digital asset backed 1:1 by the US dollar, from their crypto wallet to a secure wallet provided through a collaboration with zerohash. Interactive Brokers plans to add support for Ripple Coin (RLUSD) and PayPal's coin (PYUSD) next week. Once received, the stablecoin is automatically converted into US dollars and credited to the client's brokerage account. Interactive Brokers does not charge fees for stablecoin deposits. Clients are responsible for any fees associated with the blockchain network. zerohash applies a low conversion fee of 0.30% per deposit, with a minimum fee of $1.

Binance delta neutral account

Following OKX, Binance launches Delta Neutral Account with very similar rules. This means exchanges are favoring arbitrage trading in the same account, and discouraging those arbitrages across accounts / venues as the ADL chances get higher.

See annoucement: https://www.binance.com/en/support/faq/detail/4ac2d99429f845e5961acff03556c034

South Korea allows corporate crypto investments

South Korea has historically maintained strict crypto rules, including a nine-year prohibition on corporate investments in cryptocurrencies. That restriction left the market largely in the hands of retail traders, contributing to significant capital outflows.

Now things have changed. South Korea has announced the end of 9-year ban on corporate crypto investments. The Financial Services Commission (FSC) will now allow public companies and professional investors to allocate up to 5% of their equity capital to the top 20 crypto assets.

About 1Token:

1Token is a digital asset investment management platform providing Crypto PMS, RMS, and Portfolio Accounting Software, managing over $20 billion in assets for more than 80 clients worldwide.

All-in-one support designed for allocators, portfolio managers, treasury managers and fund operations and accountants, seeking transparency and control.

• Front office (portfolio managers and traders) to view live position and exposure, calculate trading PnL and historical performance.
• Middle office (ops and risk) to maintain portfolios and API accounts, book OTC trades, monitor risk metrics and analyze VaR/STV, generate shadow NAV with investor subscription/redemption/dividend.
• Back office (admin and auditors) to collect and reconcile trades, generate valuation and PnL reporting under FIFO/WAC tax strategy.