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DBS Bank has collaborated with Franklin Templeton and Ripple to develop trading and lending solutions using tokenized money market funds and the RLUSD stablecoin.
Gemini Space Station's stock initially rallied when it went public on Sept. 12 but has since reversed course.
Onchain security platform Blockaid said the attacker drained the liquidity pool through a price oracle manipulation attack.
The launch remains in a PoC stage and is not publicly circulated, as the regulations around stablecoins remain unclear in South Korea.
The company reported net income in the second quarter, reversing a net loss of $116.4 million in the same period last year.
GDLC's approval coincides with SEC adopting generic listing standards for crypto ETFs, which would expedite the launch process.
Earlier this month, Thumzup said it plans to set up 3,500 Dogecoin mining rigs by year's end through its acquisition of Dogehash.
The SEC approved on an "accelerated basis" listing standards for crypto ETFs, setting the stage for those products to be ready for trading.
Those tokens are worth around $876 million at current prices, making GDC among the top 15 largest publicly traded bitcoin holders.
Like for its previous acquisitions, the treasury company intends to stake its recently purchased tokens “to a variety of validators."