Nebraska joins the digital asset race (but Wyoming laid the tracks)


On November 13, the state of Nebraska announced that it had officially granted the “first-in-nation” state charter for a digital asset bank in the U.S.

Governor Jim Pillen signed the charter, enabling Telcoin Digital Asset Bank to operate out of Nebraska and issue stablecoins, to attract fintech businesses and put itself on the map as a hub for digital asset innovation.

But as Wyoming’s Governor Mark Gordon quickly pointed out, Nebraska isn’t quite the pioneer it claims to be; Wyoming has been blazing this trail for years.

Nebraska’s big news (but not the nation’s first)

Governor Pillen’s social feeds crackled with celebration as Nebraska awarded its inaugural digital asset bank charter to Telcoin, vowing to mint stablecoins and carve out space for innovators in payments. The message to crypto entrepreneurs was clear: “Nebraska is open for your business.” For a state that’s rarely on the vanguard of fintech, it felt like a moon landing.

Yet just hours later, Wyoming’s Mark Gordon reminded the world that Nebraska’s charter is hardly a first. He wrote:

“#Wyoming, who has been active in this space since 2017, welcomes Nebraska to the forefront of digital innovation but would like to correct the record. Wyoming has been “first in the nation” and Wyoming has indeed been “open for business.”

Custodia Bank’s Caitlin Long, who helped Wyoming become a beacon for compliant digital asset banks, applauded the Wyoming governor’s post.

“CRAZY overreach by Nebraska to claim it’s first-in-the-nation, when #Wyoming has already chartered 5 digital asset banks (of which two have been operational for multiple years, not merely chartered recently). Welcome to the party!”

Wyoming’s winding road and Caitlin Long’s perspective

Wyoming’s journey with digital asset banking began long before it was trending. The state laid regulatory groundwork, issued multiple bank charters, and welcomed forward-thinking firms that wanted a clear legal path.

Long, known for her leadership at Avanti (now Custodia Bank), revolutionized the state’s reputation by coupling transparency with innovation, a blend Nebraska is just discovering now.

While Nebraska is rightfully proud of its progress and can claim the first charter of its kind in the Cornhusker State, the broader digital asset story stretches back to Wyoming’s playbook. From tokenized assets to crypto-friendly legislation, the Equality State set the pace for others to follow.

A tale of two states in crypto

The digital asset banking race is heating up, but records matter. Nebraska’s move highlights the fresh energy and mainstream momentum for stablecoin banking. It promises both job creation and tech partnerships. Wyoming, meanwhile, continues to quietly build the rails beneath much of the U.S. crypto banking infrastructure.

So what comes next? Nebraska’s charter sets off genuine excitement (if not, a little competitive tension) between states eager to shape America’s financial future. But if there’s a lesson here, it’s to check the history before claiming a first.

Mentioned in this article



Source link

How Blockchain Tech and DATs Are Decentralizing Scientific Research


Biomedical and scientific companies are turning to blockchain technology and crypto treasury strategies to fund research, overhauling traditional capital formation and research funding structures that can delay life-saving cures by decades.

Portage Biotech, a biomedical technology company, pivoted to become a Toncoin (TON) treasury company in September, earning operating revenues from staking to secure the network and investing in Telegram ecosystem projects, including games and mini-apps.

The company will funnel some of the revenue generated from the operating business and the capital appreciation of TON to fund cancer research, AlphaTON CEO Brittany Kaiser told Cointelegraph. 

Cryptocurrencies, Science, Companies
Differences between traditional scientific research funding models and decentralized science structures. Source: Cointelegraph

She said the company is exploring real-world asset tokenization (RWA) as an alternative funding mechanism to decentralize scientific development and remove financial and access barriers to research funding inherent in the traditional system. She said:

“We’re doing research into the best case studies and what has worked and what hasn’t, from tokenization of the intellectual property, to tokenization of equity of the company that owns the research, to tokenizing future profits of the research.”

Kaiser and Anthony Scaramucci, strategic advisor to AlphaTON, said that biomedical research as an operating vertical sets the company apart from other digital asset treasuries, which often lack operating businesses.

“Most cryptocurrency treasury companies take over the shell and eliminate the primary aspects of the original business, but this is a new case because there are very valuable assets in the shell,” Scaramucci told Cointelegraph.

Related: BNB treasury race accelerates as Applied DNA, CEA Industries expand holdings

Ideosphere wants to fund scientific research through prediction markets

Ideosphere, a decentralized science startup, is exploring funding early-stage scientific research through prediction markets. Prediction market platforms act as crowdsourced intelligence and voting mechanisms.

Cryptocurrencies, Science, Companies
A mock-up example of what the Ideosphere prediction market would look like. Source: Ideosphere/Cointelegraph

“If you can create prediction markets around early stage research, you can make those markets a marketplace of ideas that will actually bring the money in,” Ideospehre co-founder and head of technology Rei Jarram told Cointelegraph.

“Researchers can put forward hypotheses that they are working on, and traders can speculate on it, and the spread goes to the researcher,” she added. 

Bio Protocol secures funding from Animoca Brands

In September, Bio Protocol, a decentralized science platform combining artificial intelligence, blockchain, and community participation to research drug discovery, secured $6.9 million in funding from Web3 company Animoca Brands and the Maelstrom fund.

Maelstrom founder Arthur Hayes said the platform has the potential to become a full-fledged “AI-native research market” that can change the way scientific research is conducted.

Magazine: Crypto fans are obsessed with longevity and biohacking: Here’s why