This paves the way for Ondo tokenized funds to reach traditional fund distributors.
Bitnomial, Payward’s CFTC-regulated exchange and clearinghouse, would be the HIP-3 deployer.
This builds on recently launched ICE IDs for private credit instruments.
There is growing interest in prediction markets from quant research teams, macro & systematic hedge funds.
The introduction of central clearing will help align Iceland with international standards.
Digital assets are new rails that can coexist with existing market infrastructures.
Federal regulators will use existing authorities to develop rules governing digital assets.
This is the first exchange-traded future linked to a transparent leveraged loan benchmark.
The final close of West Street Capital Partners IX was $9.6bn.
