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ENS DAO approves foundation overhaul with five-seat board

ENS DAO has approved and executed a governance proposal that turns the ENS Foundation into a full-time operating body with a five-seat board, a professional staff, and control over a roughly $65 million endowment. ENS Foundation takes over daily operations…

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Shipfinex taps ADI Chain to tokenize $500M vessel portfolio

Dubai-based Shipfinex has partnered with ADI Chain to tokenize about 35 vessels valued at roughly $500 million, with the planned structure designed to give shipowners access to blockchain-based financing and investment channels. According to Shipfinex, each vessel in the planned…

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Grvt to build $100 million USDY position under Ondo partnership

CeDeFi trading platform Grvt has partnered with Ondo Finance to build a position of up to $100 million in the tokenization firm’s yield-bearing USDY product over the next 12 months. According to Grvt, USDY will be integrated into Grvt Earn,…