Cboe Digital, the crypto division of the Chicago Board Options Exchange, is preparing to launch a new bitcoin futures product in partnership with FTSE Russell on April 28—pending regulatory approval.

South Korea’s National Pension Service (NPS), one of the world’s largest public pension funds, is exploring how blockchain technology could help manage its nearly $890 billion in assets more securely and transparently.

Galaxy Digital has cleared a key hurdle in its effort to list on a U.S. stock exchange, with the Securities and Exchange Commission declaring its registration statement effective. 

Top stories in the Crypto Roundup today:

• Cboe Plans Bitcoin Futures Launch With FTSE Russell
• South Korea’s $890B Pension Fund Eyes Blockchain to Secure Transactions
• Galaxy Digital Secures SEC Approval for U.S. Listing, Targets Nasdaq Debut in May

Cboe Plans Bitcoin Futures Launch With FTSE Russell

Cboe Digital, the crypto division of the Chicago Board Options Exchange, is preparing to launch a new bitcoin futures product in partnership with FTSE Russell on April 28—pending regulatory approval.

The proposed product will be cash-settled and tied to the XBTF Index, which reflects one-tenth of the value of the FTSE Bitcoin Index. The futures will settle on the last business day of each month, offering institutional traders a regulated way to manage exposure to BTC price movements without taking custody of the asset.

“This launch comes at a pivotal time,” said Catherine Clay, Cboe’s Global Head of Derivatives. She pointed to an uptick in interest from institutions looking for “more capital-efficient and versatile ways” to access crypto.

Last November, Cboe became the first U.S. regulated exchange to offer both spot and margin crypto derivatives trading on a single platform, after receiving approval from the Commodity Futures Trading Commission.

South Korea’s $890B Pension Fund Eyes Blockchain to Secure Transactions

South Korea’s National Pension Service (NPS), one of the world’s largest public pension funds, is exploring how blockchain technology could help manage its nearly $890 billion in assets more securely and transparently.

According to local reports, the NPS will begin a preliminary disclosure process to invite feedback from blockchain experts and companies. That step, common in South Korea for public-sector projects, will shape a later study assessing the feasibility of using blockchain to track fund transactions like deposits, withdrawals and investments.

While the fund has used blockchain before to monitor overseas pension recipients, this would mark a shift toward embedding the technology more deeply in its internal accounting systems. The project does not involve cryptocurrency investments directly, though the NPS has indirect exposure through its stakes in Coinbase and Strategy.

Galaxy Digital Secures SEC Approval for U.S. Listing, Targets Nasdaq Debut in May

Galaxy Digital has cleared a key hurdle in its effort to list on a U.S. stock exchange, with the Securities and Exchange Commission declaring its registration statement effective. 

The move paves the way for the firm to shift its corporate base from the Cayman Islands to Delaware and list shares on the Nasdaq under the ticker “GLXY.”

The shareholder vote on the reorganization is set for May 9. If approved, the firm could begin trading on the U.S. exchange shortly afterward. Currently listed on the Toronto Stock Exchange, Galaxy is aiming to tap into deeper capital markets and meet growing demand from U.S. institutional investors seeking exposure to digital assets. 

The firm, led by Mike Novogratz, operates across crypto trading, asset management and blockchain infrastructure. It also invests in and builds data centers that support AI workloads and high-performance computing.

State of the Crypto by Top Tier Exchange Volume

Build your project with CoinDesk Data

Terms | Privacy

13 Charles II St, SW1Y 4QU

London, UK

This email may include advertisements by third parties. None of the advertised or promoted products and services have been verified or approved by us and this email is not any endorsement by us of the third party or of their products or services.