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Happy Thursday!

We're back with the latest from around the ecosystem, including news from France's CBDC development, the world's first crypto ETP, Italy's growing interbank network and a collaboration between Mastercard and Wirex. We've also got a few big ticket deals coming in and naturally, some eye-picking longer writings.

Enjoy the read!

“Amid the current market environment of historically low interest rates and global equity market volatility, we are seeing a real desire among investors to diversify into alternative asset classes. A discretionary managed ETP is a much more appropriate new instrument in the context of the still novice cryptocurrency market and further bridges the worlds of traditional and crypto finance.”

- Mattia Rattaggi, Chairman of the FiCAS Board overseeing the first active crypto ETP

🥇 The world's first active crypto ETP has been listed on the SIX Swiss Exchange.

📡 A1 Telekom Austria has now added cryptocurrency to its list of accepted cashless payments.

🤝 Mastercard has made Wirex the first native crypto company to be able to directly issue payment cards to customers.

🇫🇷 The Bank of France now has a pool of 8 finalists to choose from for the development of a French central bank digital currency. List includes Accenture, HSBC, Seba Bank and others.

🗄️ A whole 85% of Italian Banks are exchanging interbank transfer data on R3's Corda Network.

🔐 All national banks in the U.S. are now able to offer crypto custody services following a hallmark letter from The Office of the Comptroller of the Currency.

🌐 The Chinese Blockchain Service Network adds support for Tezos, NEO, Nervos, EOS and Ethereum as it looks to integrate with 100 public networks by the end of 2020.

🤲 Entrepreneur.com: The Great Potential of Decentralized Finance in 2020

🧐 5 Industry Experts' Take: The State of the STO Space

📈 How Blockchain Scales Banking Services

💸 Bitcoin Suisse completes a $48 million Series A, boosting its value to $326 million.

💰 Ethereum challenger Polkadot has raised $43 million in a private token sale that ran from July 24th to July 27th.

🏦 Cambrian Asset Management adds $4 million to run its $25 million Crypto Quant Fund.

📇 Blockchain collectibles startup Sorare secures its own $4 million from various VCs.

🔗 Valr, a South African cryptocurrency exchange, has raised a $3.4 million Series A.

💉 Decentralized derivatives exchange Injective Protocol has completed a $2.6 million Series A led by Pantera Capital.

🏀 NBA Point Guard Spencer Dinwiddie's tokenized professional sports contract has only raised 10% of its target amount of $13.5 million.

Postscript

Thank you for reading the latest edition of the Watsonlaw newsletter. If you have any content-related recommendations or news you'd like us to share for next time, please don't hesitate to reach out to info@watsonlaw.nl or even better, directly connect with our team members Willem-Jan Smits and Stefan Enchev. To stay up to date with all our updates and connect with our team, follow Watsonlaw on LinkedIn. Did we miss anything? Or perhaps something got you particularly intrigued? Do send us a message and let's talk! Ciao for now and see you again next time!

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Watsonlaw is a 's-Hertogenbosch-based law firm specializing in corporate and civil matters and the legal implications of new technologies in everyday life and business.

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