Mt.Gox, the once-dominant cryptocurrency exchange that collapsed after losing 850,000 Bitcoin in 2014, is set to start repaying its creditors in July in Bitcoin (BTC) and Bitcoin Cash (BCH), according to the rehabilitation trustee overseeing the case.

The London-based institution-only derivatives trading arm of cryptocurrency exchange Kraken, Kraken MTF, has announced its integration with Copper's ClearLoop network. ClearLoop is a platform for collateral management and settlement within the crypto custody space.

A recent survey by Nomura Holdings and its digital asset subsidiary Laser Digital suggests a growing appetite for digital assets among Japanese investment managers, as it found that more than half (54%) of surveyed managers plan to invest in cryptocurrencies within the next three years.

Top stories in the Crypto Roundup today:

• Mt. Gox to Begin Repaying Creditors in Bitcoin and Bitcoin Cash
• Kraken MTF Integrates with Copper's Crypto Settlement Network
• 54% of Japanese Investment Managers Plan to Invest in Crypto Within 3 Years: Survey

Mt. Gox to Begin Repaying Creditors in Bitcoin and Bitcoin Cash

Mt.Gox, the once-dominant cryptocurrency exchange that collapsed after losing 850,000 Bitcoin in 2014, is set to start repaying its creditors in July in Bitcoin (BTC) and Bitcoin Cash (BCH), according to the rehabilitation trustee overseeing the case.

“The Rehabilitation Trustee will commence the repayments in Bitcoin and Bitcoin Cash in due course to the cryptocurrency exchanges with which the Rehabilitation Trustee has completed the exchange and confirmation of the required information for implementing the repayments,” an announcement stated.

The exact timeline of repayments will come “in the order of the cryptocurrency exchanges with which the Rehabilitation Trustee will complete the exchange and confirmation of the require information.”

This news is a long-awaited relief for Mt. Gox's estimated 127,000 creditors, who have been waiting over ten years to recover funds lost due to a security breach that went unnoticed for years. The exchange owes more than $9.4 billion worth of Bitcoin to these creditors.

Mt. Gox's repayment plans have been closely followed in the cryptocurrency industry. In May, the exchange transferred $9.6 billion worth of Bitcoin to a new wallet, sparking speculation about the purpose of the move. Shortly thereafter, the rehabilitation trustee confirmed that the transfer was indeed part of the plan to repay creditors.

Kraken MTF Integrates with Copper's Crypto Settlement Network

The London-based institution-only derivatives trading arm of cryptocurrency exchange Kraken, Kraken MTF, has announced its integration with Copper's ClearLoop network. ClearLoop is a platform for collateral management and settlement within the crypto custody space.

Kraken MTF, known as Crypto Facilities before being acquired by Kraken five years ago, caters exclusively to institutional investors and is regulated by the U.K.'s Financial Conduct Authority (FCA). The platform offers futures contracts settled in various cryptocurrencies, including Bitcoin, Ethereum, XRP, Litecoin, and Bitcoin Cash.

This integration comes amidst a growing demand for alternative structures following the collapse of FTX. ClearLoop, as an off-exchange network, provides hundreds of institutional clients with access to a multitude of exchanges, including OKX, Bybit, Deribit, and Bitfinex, with further integrations planned for Bitstamp and Bitmart.

Prior to the FCA's ban on retail cryptocurrency derivatives trading in early 2021, Kraken's Crypto Facilities boasted a monthly trading volume of around $30 billion. Kraken MTF CEO Mark Jennings noted that while the platform isn’t at the $30 billion a month figure “at this point,” it has allowed the firm to “continue to grow” its institutional client base.

54% of Japanese Investment Managers Plan to Invest in Crypto Within 3 Years: Survey

A recent survey by Nomura Holdings and its digital asset subsidiary Laser Digital suggests a growing appetite for digital assets among Japanese investment managers, as it found that more than half (54%) of surveyed managers plan to invest in cryptocurrencies within the next three years.

The survey, which polled over 500 investment professionals from institutions, family offices, and public-service corporations across Japan, also found that 25% of respondents currently hold a positive view of crypto, while 62% see it as a potential diversification tool alongside traditional asset classes like cash, stocks, bonds, and commodities.

It also sheds light on investor preferences for crypto allocation, indicating that a majority of interested managers favor a conservative approach, with a preferred allocation ranging between 2% and 5% of their total assets under management (AUM).

Additionally, nearly 80% expressed a preference for investment timeframes exceeding one year.

For those already investing or considering investing in digital assets, exchange-traded funds (ETFs), investment trusts, staking, and lending offerings were identified as key drivers.

The survey also revealed that roughly half of the respondents are interested in direct investment in Web3 projects or via venture capital funds. Entry barriers cited by asset managers include counterparty risk, the inherent volatility of cryptocurrencies, and a complex regulatory landscape.

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