TradFi Giant Nomura Teams Up With Dinero On ETH Staking Fund
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 01 2024Dinero's New Fund Launch: Dinero, formerly known as Redacted Cartel, has partnered with Nomura to launch the Institutional pxETH (IpxETH) fund, providing institutional investors access to Ethereum staking rewards, distinguishing itself from spot Ether ETFs by offering staking exposure.
Rebranding and Token Migration: The rebranding from Redacted Cartel to Dinero includes a shift towards building infrastructure for Layer 1 and Layer 2 protocols, alongside a token migration from BTRFLY to DINERO, which modernizes its tokenomics and introduces a new simplified staking mechanism.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
