Lava Network Partners Bitcore Capital to Build Regulated Digital Finance Infrastructure

LAVA-2.83%
BTC0.25%

According to Lava Network, the blockchain infrastructure protocol announced a strategic partnership with Bitcore Capital, an Israel-based digital finance firm, on May 2. The collaboration aims to integrate decentralized RPC routing with enterprise-grade financial systems to enhance blockchain scalability and accessibility while supporting regulated digital finance development.

Lava Network is committing to a multi-stage equity investment in Bitcore using Lava tokens, with initial funding already executed. Completion of remaining tranches is contingent on Bitcore achieving a public listing on the Tel Aviv Stock Exchange. Bitcore operates across treasury management and digital financial services, including initiatives tied to Bitcoin reserves and potential development of a national digital currency framework.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Payward Completes $550M Bitnomial Acquisition for CFTC Derivatives

Payward, the parent company of cryptocurrency exchange Kraken, has closed its $550 million acquisition of Bitnomial. The deal grants Payward a full CFTC-regulated derivatives stack in the U.S., according to the

CryptoFrontier49m ago

SOL Strategies Acquires Cross-Chain Aggregator HoudiniSwap for $18 Million

According to The Block, Nasdaq-listed Solana ecosystem treasury company SOL Strategies announced a definitive acquisition agreement for HoudiniSwap at $18 million. The payment structure includes $8.25 million in cash, $5.75 million in six-month promissory notes, and $4 million in STKE stock

GateNews1h ago

Rain Secures Mastercard Support at $1.95B Valuation, Expands Dual-Network Strategy

According to ChainCatcher, stablecoin infrastructure startup Rain has reached a partnership with Mastercard at a valuation of $1.95 billion. The collaboration will enable Rain to issue credit and prepaid cards while exploring stablecoin-based payment settlement. This marks Rain's expansion into a "d

GateNews1h ago

Western Union Launches USDPT Stablecoin on Solana on May 4

According to Businesswire, Western Union launched USDPT, a dollar-backed stablecoin on Solana, on May 4. The stablecoin is issued by Anchorage Digital Bank and backed by 1:1 U.S. dollar reserves. USDPT will be integrated into Western Union's global payment system to serve as a settlement layer for c

GateNews2h ago

Visa Adds 5 Blockchains to Stablecoin Settlement Pilot, Expanding Support to 9 Chains on April 29

According to Visa, on April 29 the company expanded its stablecoin settlement pilot to support 9 blockchains, up from 4. The five newly added networks are Arc, Base, Canton, Polygon, and Tempo. The expansion allows card issuers and payment processors to select blockchains aligned with their

GateNews4h ago

South Korea Pushes Won Stablecoin After $115B Move to Dollar-Backed Tokens

South Korea is pushing a won-pegged stablecoin after $115B flowed into dollar-backed tokens, raising FX and policy concerns. The Bank of Korea favors a bank-led rollout with strict oversight, warning of risks to monetary stability and reporting compliance. Competing KRW stablecoin

CryptoFrontNews4h ago
Comment
0/400
No comments