Corporate cryptocurrency treasuries continued their growth trajectory this week, as publicly listed US companies continued announcing plans to raise hundreds of millions for altcoin treasury reserves.
On Monday, Nasdaq-listed Helius Medical Technologies announced the launch of a $500 million corporate treasury initiative built around the Solana token (SOL), signaling more corporate crypto adoption.
A day later, Standard Chartered’s venture arm, SC Ventures, announced plans to raise $250 million in capital for a digital asset investment fund, set to launch in 2026 and backed by Middle East investors with a focus on global investment opportunities.
On the regulatory front, the US Securities and Exchange Commission (SEC) issued new generic listing standards meant to speed up reviews for spot crypto exchange-traded funds (ETFs) on exchanges including the Nasdaq, NYSE Arca and Cboe BZX.
The SEC approved the new standards along with Grayscale’s Digital Large Cap Fund (GLDC), which marks the approval of the first multi-asset crypto exchange-traded product (ETP) in the US.
Nasdaq-listed Helius announces $500 million funding for Solana treasury
Nasdaq-listed Helius Medical Technologies is launching a $500 million corporate treasury reserve built around Solana, making it one of the largest Solana-focused treasury initiatives to date.
The company announced Monday that it priced an oversubscribed private investment in public equity (PIPE) offering of common stock at $6.88 per share, along with stapled warrants exercisable at $10.12 for three years. The deal includes $500 million in equity and up to $750 million in warrants, assuming full exercise.
Helius said it will use the net proceeds of the offering to establish a crypto treasury strategy with the Solana (SOL) token as its main reserve asset. The company said it will “significantly scale holdings over the next 12-24 months via best-in-class capital markets program incorporating ATM sales and other proven strategies.”
Helius will also explore staking and lending opportunities within the Solana ecosystem to generate additional revenue from the SOL treasury, while maintaining a “conservative” risk profile, it said.
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Standard Chartered venture arm to raise $250 million for digital asset fund: Report
Standard Chartered’s venture arm is preparing to launch a $250 million digital asset investment fund in 2026, signaling growing institutional appetite for digital assets.
Standard Chartered’s SC Ventures plans to raise the capital to open the investment fund focused on digital assets in the financial services sector, Bloomberg reported Monday, citing operating partner Gautam Jain.
Set to launch in 2026, the fund will be backed by Middle East investors, with a focus on global investment opportunities, Jain told Bloomberg.
SC Ventures’ plan follows a wave of corporate treasury firms building long-term accumulation strategies, adding to expectations that more institutional inflows may enter the crypto market over the next several years.
“Digital assets continue to be a high conviction theme for SC Ventures, evidenced through its digital asset-native ventures: Libeara, Zodia Markets, Zodia Custody and our existing digital asset investments,” a representative from SC Ventures told Cointelegraph, adding:
“We are continually evaluating opportunities in the digital asset space, whether it is through investments made directly or through JVs.”
In addition to digital asset opportunities, the firm is also “evaluating opportunities in dynamic regions, like the Middle East and Africa,” the representative added.
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Ethereum’s Fusaka upgrade moves to December, blobs to double after
Ethereum’s core developers have selected early December for the tentative launch of the network’s next major hard fork, dubbed Fusaka, which aims to scale the network and make it more efficient.
While the Fusaka upgrade will go live on Dec. 3, the increase in blob capacity will take place two weeks after, putting it around Dec. 17, followed by another blob capacity hard fork on Jan. 7, 2026.
Both the blob capacity hard forks will more than double the current blob capacity, according to Ethereum researcher Christine D. Kim.
Before the upgrade goes live on the Ethereum mainnet, three public testnets will be conducted between early October and mid-November.
“The initial conclusion is that we can go ahead with a Max blob count of 15 for BPO1 [Blob Parameter Only] and Max blob count of 21 for BPO2. There are a total of 5 BPOs planned for Fusaka, so we can ensure mainnet scales a lot – safely,” Ethereum developer community ethPandaOps said in an X post on Thursday.
BPO (Blob-Parameter only) forks only change the parameters pertaining to blob targets and limits. These hard forks do not require any updates from the client side.
Blobs store large data sets offchain, which makes…
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