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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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Swiss B2B bank InCore launches new tokenization tool using Tezos

InCore Bank also announced the upcoming launch of Tezos custody, staking and trading services targeting financial institutions.

Deutsche Boerse-backed digital asset firm Crypto Finance AG and Swiss business-to-business (B2B) transaction bank InCore are launching a new tokenization tool based on the Tezos blockchain.

InCore Bank officially announced Tuesday a new collaboration with Crypto Finance AG and Swiss IT consulting firm Inacta to introduce new digital financial products based on Tezos, a decentralized, open-source proof-of-stake (PoS) blockchain network.

The involved companies have developed a new Tezos token standard for asset tokenization built on the Tezos FA2 standard, a multi-asset interface for Tezos allowing developers to invent token types like nonfungible tokens (NFTs).

Using the Tezos FA2, Inacta developed the new DAR-1 token standard, which aims to unlock new smart contracts-enabled functions to support financial markets, including Anti-Money Laundering (AML) regulations mechanisms as well as asset governance. 

In conjunction with the tokenization tool, InCore Bank also announced the upcoming launch of institutional-grade storage, staking and trading services for Tezos (XTZ). Using InCore Bank’s integrated services, financial institutions will be able to offer staking for their clients’ assets, allowing them to earn rewards generated through staking, or participating in transaction validation through locking up XTZ tokens.

Related: Fintech company Leonteq expands crypto offerings in Europe

Stijn Vander Straeten, CEO of storage infrastructure at the Crypto Finance Group, said that the new collaboration is an example of how FA2 on Tezos significantly expands tokenization opportunities. “The launch of these Tezos use cases for the financial sector make innovative, compliant on-chain financial products a reality today,” the executive added.

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