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14 May 2026, 17:03

Kraken Gives Chainlink Major Boost

Major cryptocurrency exchange Kraken has announced a strategic infrastructure overhaul, deprecating its legacy cross-chain provider to migrate exclusively to Chainlink’s Cross-Chain Interoperability Protocol (CCIP).

14 May 2026, 16:59

Kraken moves $292 million to chainlink CCIP after hack

🚨 Kraken moves $292 million to Chainlink CCIP after a major hack. All of the exchange’s cross-chain wrapped assets will now rely on $LINK’s CCIP protocol for transfers and security. 🔍 Key point: Major competitors like Coinbase are also making similar moves following recent bridge attacks. Continue Reading: Kraken moves $292 million to chainlink CCIP after hack The post Kraken moves $292 million to chainlink CCIP after hack appeared first on COINTURK NEWS .

14 May 2026, 16:45

Blackrock’s Onchain BUIDL Fund Secures Top AAA-mf Rating From Moody’s

Moody’s Ratings has assigned its highest credit rating to Blackrock’s USD Institutional Digital Liquidity Fund (BUIDL), according to a recent announcement. Institutional Grade: Moody’s Assigns Aaa-mf Rating to Blackrock’s BUIDL The agency issued a AAA-mf rating to the fund, also known as BUIDL, on or around May 13, 2026. This classification places the tokenized fund

14 May 2026, 16:30

CoinList Launches Passage Platform to Streamline Tokenized Asset Distribution for Institutions

BitcoinWorld CoinList Launches Passage Platform to Streamline Tokenized Asset Distribution for Institutions Token sale platform CoinList has unveiled Passage, a new platform designed to extend its infrastructure into the distribution of tokenized assets. The initiative, first reported exclusively by The Block, aims to bridge CoinList’s established token sale framework with a compliance-focused, on-chain model tailored for institutional partners. What Passage Brings to the Tokenization Market Passage is not a standalone marketplace but rather a distribution layer built on CoinList’s existing compliance and sale infrastructure. The platform is designed to help institutions issue and distribute tokenized real-world assets (RWAs) — such as funds, debt instruments, or equity — while maintaining regulatory adherence. This move positions CoinList to compete in the rapidly growing market for tokenized assets, which major financial firms like BlackRock and Franklin Templeton have begun exploring. CoinList has already completed an integration with Superstate, a firm specializing in tokenized U.S. Treasury funds. The company has also outlined plans to collaborate with additional partners, including Peaq, a layer-1 blockchain for decentralized physical infrastructure networks (DePIN), and Dualmint, a platform focused on tokenized real estate and commodities. Why This Matters for Institutional Adoption The launch of Passage signals a strategic shift for CoinList, which has historically been known for retail-focused token sales and initial exchange offerings (IEOs). By pivoting toward institutional-grade distribution, the company is betting that compliance-first infrastructure will be a key differentiator as regulatory clarity around digital assets improves. Tokenization of real-world assets has emerged as one of the most practical use cases for blockchain technology, with projections from firms like McKinsey and Boston Consulting Group estimating the market could reach trillions of dollars in the coming years. However, distribution remains a bottleneck — many issuers struggle to find platforms that combine liquidity, compliance, and institutional trust. Partnerships and Roadmap CoinList’s partnership with Superstate is particularly notable, as Superstate’s tokenized Treasury products have gained traction among crypto-native and traditional investors seeking yield on-chain. The planned integrations with Peaq and Dualmint suggest Passage will support a diverse range of asset types, from infrastructure tokens to tokenized commodities. The platform’s success will likely depend on its ability to attract high-quality issuers and maintain regulatory compliance across jurisdictions. CoinList has not disclosed a specific timeline for the full rollout of Passage, but the integrations are expected to proceed in phases. Conclusion CoinList’s Passage platform represents a meaningful step toward mainstreaming tokenized asset distribution. By leveraging its existing compliance infrastructure and forming partnerships with established tokenization firms, CoinList is positioning itself as a bridge between traditional finance and on-chain markets. The initiative underscores a broader industry trend: the shift from speculative token sales to regulated, institutional-grade asset distribution. FAQs Q1: What is CoinList Passage? Passage is a new platform by CoinList designed to facilitate the distribution of tokenized assets for institutional partners, using a compliance-focused, on-chain model. Q2: Which partners has CoinList already integrated with? CoinList has completed an integration with Superstate and plans to collaborate with Peaq and Dualmint in the future. Q3: Why is tokenized asset distribution important? Tokenization allows traditional assets like funds, real estate, and commodities to be represented on a blockchain, improving liquidity, transparency, and accessibility. Institutional-grade distribution platforms are critical for scaling this market. This post CoinList Launches Passage Platform to Streamline Tokenized Asset Distribution for Institutions first appeared on BitcoinWorld .

14 May 2026, 15:53

Microsoft Azure Was Running a Ripple Validator Years Ago — Inside the Quiet Blockchain Infrastructure Play

Microsoft Azure, Ripple Validator Nodes, and the Early Blueprint for Institutional Blockchain Interoperability Years before blockchain became a mainstream boardroom conversation, Microsoft was already quietly testing how far distributed ledger technology could go inside real enterprise infrastructure. As highlighted by RippleXity, Microsoft’s Azure Blockchain as a Service (BaaS) once ran a live Ripple validator node within its experimental blockchain setup. Far from being a placeholder, it actively participated in the Ripple consensus network, reflecting Azure’s broader push to explore and support emerging financial infrastructure. According to Microsoft’s Azure BaaS documentation at the time, the node was operated to support Ripple’s banking users and described as an active participant in the network’s consensus process. In practical terms, it placed Microsoft’s cloud infrastructure directly within a live, enterprise-grade blockchain ecosystem rather than an isolated test environment. Unlike proof-of-work systems such as Bitcoin, the XRP network does not rely on mining. Instead, validator nodes verify transactions, reach consensus, and maintain the integrity of the ledger. In this context, Microsoft’s involvement was not about control but contribution, running infrastructure through Azure that helped test how distributed financial systems behave under real institutional conditions. The broader motivation was practical. Azure Blockchain as a Service was built as an enterprise sandbox, allowing organizations to experiment with multiple blockchain frameworks without locking into a single architecture. For financial institutions, it provided a controlled environment to evaluate scalability, security, and interoperability before moving into full-scale deployment. The Convergence of Cloud, Ripple, and the Future of Tokenized Finance Alongside this, Microsoft also examined the Interledger Protocol (ILP) from the broader Ripple ecosystem. Rather than a blockchain, ILP functions as a routing layer that connects different payment networks. It enables value to move across otherwise incompatible systems, banks, blockchains, and traditional rails, without requiring them to operate on a shared infrastructure. As a result, these efforts signaled a broader shift in thinking pertaining to cloud platforms evolving into neutral infrastructure layers for global financial interoperability. In retrospect, the real significance isn’t the early experimentation itself, but the convergence it hinted at. One of the world’s largest cloud providers was already engaging with Ripple’s infrastructure while simultaneously testing protocols designed to connect fragmented financial systems into a more unified network. By 2026, that direction is far more apparent. The push toward tokenized assets, always-on settlement rails, and multi-chain liquidity is steadily reshaping financial infrastructure for both human and machine-driven transactions. In this context, the early Azure BaaS activity now looks less like a prototype and more like an early architectural signal. Recent developments reinforce the momentum. Ripple UDAX’s partnerships with Levery and FGV are expanding institutional on-chain liquidity across Brazil and Latin America, while Ripple Prime’s $200 million Neuberger Specialty Finance facility is scaling financing across both digital and traditional markets. Ripple Prime CEO Mike Higgins has also pointed to XRP’s emerging role alongside assets like Bitcoin, Ethereum, and Solana as institutional collateral, underscoring a shift toward multi-asset liquidity frameworks. What’s happening behind the scenes? Well, these moves suggest something broader than isolated pilots. They show a gradual alignment of cloud infrastructure, blockchain networks, and institutional capital markets operating within the same real-time financial layer.

14 May 2026, 15:50

Khosla Ventures bets $10M on Ian Crosby’s new AI bookkeeping startup after Bench’s collapse

BitcoinWorld Khosla Ventures bets $10M on Ian Crosby’s new AI bookkeeping startup after Bench’s collapse Most venture capitalists would steer clear of a founder whose previous startup imploded, was sold for parts, and whose new product vision may not yet be technically feasible. Khosla Ventures is doing the opposite. The firm has led a $10 million seed round into Synthetic, a new company founded by Ian Crosby, the former CEO of Bench Accounting, which famously shut down in December 2024 before being acquired out of bankruptcy. A contrarian bet on founder growth Khosla partner Jon Chu acknowledges the obvious risks. Crosby’s first startup, Bench, collapsed under new management after its board fired him in 2021. At the time, Crosby says he had turned down a $250 million acquisition offer from Brex, a decision the board disagreed with as the company burned through cash. Crosby’s direct leadership style also frustrated his executive team. But Chu sees the story differently. “I tend to run towards controversy a little bit,” he told Bitcoin World. He points to Parker Conrad, who was ousted from Zenefits in 2016 amid intense criticism, only to later found Rippling, now valued at nearly $17 billion. “In controversy, groupthink often shapes the narrative rather than the truth of the story itself,” Chu said. “I believe people have room for growth.” As part of his due diligence, Chu spoke with several executives who worked with Crosby after his departure from Bench. “They all had fantastic things to say about Ian,” Chu said. He believes Crosby’s subsequent roles — at Shopify, and as founder of Teal (acquired by Mercury) — gave him the space to learn from past mistakes. Synthetic: a fully autonomous AI bookkeeper Crosby’s new vision is ambitious: a fully autonomous AI bookkeeper that generates accrual-based financial statements without any human involvement. Most existing accounting startups, including Xero, rely on human accountants to review and correct AI output. Crosby wants to eliminate that entirely. “We’re not going to release anything that’s not fully autonomous,” Crosby told Bitcoin World. “It’s that or bust.” Synthetic plans to initially serve only AI and other software startups, a narrow customer base where the product’s prototype currently works. But Crosby is candid about the technical uncertainty. “It’s like a self-driving car that can drive down one street versus the self-driving car that can drive down any street. We haven’t driven down enough streets to know if it’s going to crash,” he said. Current foundational AI models still make significant bookkeeping errors. Crosby acknowledges that scaling the product for a broader customer base remains an open question. Still, he says the $10 million seed round gives him a long runway. “I’ve raised years of cash, so we can just wait it out,” he said. Why this matters for fintech and venture capital The bet on Crosby represents a broader shift in venture capital toward backing founders who have failed — and learned. The narrative around founder failure is evolving, with investors increasingly willing to separate a founder’s past company outcome from their personal capability. If Synthetic succeeds, it could validate a new model for AI-driven accounting that bypasses human labor entirely. If it fails, it will reinforce the view that some problems are harder to automate than others. Either way, the $10 million bet signals that Khosla Ventures believes in Crosby’s growth more than his past. Conclusion Ian Crosby’s second act is a high-risk, high-reward wager on both founder redemption and technological possibility. With $10 million from Khosla Ventures, Basis Set Ventures, and Shopify CEO Tobias Lütke, Synthetic aims to build what no accounting startup has yet achieved: a fully autonomous bookkeeper. Whether the technology can catch up to the vision — and whether Crosby has truly learned from Bench’s collapse — will determine if this bet pays off. FAQs Q1: What happened to Bench Accounting? Bench Accounting, founded by Ian Crosby, shut down in December 2024 and was sold out of bankruptcy. Crosby had been fired by the board in 2021 after turning down a $250 million acquisition offer from Brex. Q2: What is Synthetic building? Synthetic is developing a fully autonomous AI bookkeeper that generates accrual-based financial statements without human involvement. It is currently in the design phase and works only for a narrow group of AI and software startups. Q3: Why did Khosla Ventures invest despite Crosby’s past? Khosla partner Jon Chu believes in founder growth and separates a founder’s past company outcome from their personal capability. He cited Parker Conrad’s journey from Zenefits to Rippling as a parallel example. This post Khosla Ventures bets $10M on Ian Crosby’s new AI bookkeeping startup after Bench’s collapse first appeared on BitcoinWorld .