Welcome to The Protocol, CoinDesk's weekly wrap-up of the most important stories in cryptocurrency tech development. I'm Ben Schiller.
In this issue:
<ul><li>Vana launches token standard</li><li>Ha… [+7456 chars]

Also: Manufacturers are building ASICs that look like servers.

CoinDesk

The Protocol: Vana Introduces Token Standard for Data-Backed Assets

Hashgraph, the blockchain development firm focusing on the Hedera (HBAR) network, is building a private, permissioned blockchain for enterprises in highly regulated industries with plans to debut in … [+2219 chars]

HashSphere is designed to allow highly regulated institutions such as payment providers and asset managers to transact stablecoins and tokenized assets.

Hashgraph Sees Q3 Debut for Hedera-Based Institutional Private Blockchain

Archax, a U.K.-regulated crypto exchange and custodian focusing on tokenized assets, has acquired a U.S. broker-dealer in an effort to enter the booming institutional market in the country after rece… [+2340 chars]

The firm plans to offer tokenized real-world assets and equities in the U.S., building on its existing partnerships across blockchains such as Ethereum, Polygon, Hedera Hashgraph and XRP Ledger.

UK-Based Crypto Exchange Archax Expands to U.S. Tokenized Asset Market With Broker-Dealer Acquisition

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