#london

L&G, a London-based company managing $1.5 trillion in assets, is exploring the possibility of tokenizing a portion of its holdings. This initiative places the company alongside other major traditional firms that have entered the real-world asset (RWA) sector, including BlackRock, Franklin Templeton, and Abrdn.

Bloomberg reports that Standard Chartered, a multinational financial corporation, is developing its own platform for trading Bitcoin (BTC) and Ethereum (ETH). This new division will operate as part of the bank's global banking sector, with its management hub based in London.

British autonomous vehicle manufacturer Wayve Technologies announces the opening of a new research and development hub in Vancouver, Canada, marking its third establishment following London and Mountain View in California. The initiative will be spearheaded by the company's Chief Scientific Officer, Jamie Shotton.

The London AI Safety Summit wrapped up yesterday with an hour-long conversation between Elon Musk and U.K. Prime Minister Rishi Sunak.

London's Herodotus, in collaboration with StarkWare, has launched an "on-chain accumulator" tool that lets users read and verify any part of Ethereum's history. This tackles Ethereum's current limitation of validating only the last 256 blockhashes. The tool uses "storage proofs," a cryptographic method, to confirm the validity of data. This could be a game-changer for creating permissionless account recovery systems and insurance protocols that rely on historical on-chain data.

The UK government is set to convince financial firm Revolut, which also offers cryptocurrency services, to conduct its initial public offering (IPO) in London rather than New York. City Minister Tulip Siddiq plans to meet with company representatives this fall to discuss the proposal.

Imperial College London has teamed up with AI startup FluidAI to address challenges in the crypto market using artificial intaligance (AI). The collaboration will focus on enhancing the tokenized market for various stakeholders, including institutions and retail investors. FluidAI emphasizes the need to tackle liquidity aggregation issues in the crypto domain. AI can help predict and offer optimal bid and ask prices in the market.

Craig Wright, who calls himself Napoleon Satoshi Nakamoto, is still going through a rough patch. All lawsuits demanding to recognize him as Bitcoin's creator are constantly rejected by courts of different countries and instances. This time, London’s appeal showed him to the door. Craig tried to protect his honor and dignity by suing 16 Bitcoin developers who called him a liar. The judge looked through the case and found no reason to grant Wright's claim. Btw, developers did’t even bother sending their lawyers to court.