Robert MacDonald, Bybit Chief Compliance Officer, Makes Asian Legal Business’ Top 15 in 2025

DUBAI, UAE, July 3, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to share Robert MacDonald, Chief Legal and Compliance Officer of Bybit, has been featured by the prestigious trade magazine Asian Legal Business (ALB) among Asia’s top 15 chief compliance officers. The trailblazing changemakers are recognized for their pioneering work in redefining regulatory compliance as a strategic growth engine in the digital asset industry. 

Acknowledging the fresh challenges faced by chief compliance officers in an era of fragmented regulations, ALB Magazine highlights MacDonald’s demonstrable leadership in navigating cryptocurrency complexities through “regulatory diplomacy.” He has been instrumental in reinforcing Bybit’s commitment to legal integrity and robust governance while balancing sustainable growth. His background in regulatory compliance and combating financial crime has positioned Bybit at the forefront of industry best practices.

MacDonald’s extensive experience includes serving with the U.K. Ministry of Justice and engaging with the Financial Action Task Force (FATF), the global financial crime watchdog, before transitioning to an international career in the private sector where he has applied his regulatory expertise to business growth strategies.

The list showcases Asia’s best compliance leaders from diverse sectors including the world’s leading financial service institutions, emerging cryptocurrency exchanges, technology giants, luxury brands, and multinational corporations, highlighting the strategic importance of compliance roles across industries in today’s complex regulatory environment.

“I’m truly honoured to be recognised in the June 2025 edition of ALB. Grateful to be featured among such esteemed peers and for the opportunity to contribute to the evolving crypto compliance landscape in Asia. My journey in crypto over the last 3 to 4 years has seen the adoption of crypto and practical use cases grow exponentially,” said Robert MacDonald, Chief Legal and Compliance Officer at Bybit. “From ‘HODLing’, trading to daily spending via card partnerships to institutional adoption. This growth has led to greater awareness and understanding from global regulators and emerging market regulators keen to understand the technology for adoption and regulatory frameworks in their own jurisdictions,” he said.

“My journey with Bybit has seen Bybit grow from 30 million registered users to over 70 million users. This growth has seen Bybit obtain a number of new licences, to name a few: Austria (MiCAR), UAE, Turkey and Georgia. Obtaining and maintaining these licences aligns with our broader commitment to providing secure, compliant and regulated services across global markets,” MacDonald reflected on his Bybit experience.

Robert MacDonald was appointed Chief Legal and Compliance Officer of Bybit in September 2024. Prior to joining Bybit, MacDonald started his career in criminal justice as a UK-qualified barrister before transitioning to the public sector and later to multinationals in financial services, technology, and crypto and Web3.

The ALB Asia recognition underscores the growing importance of compliance leadership in the digital asset sector, where regulatory frameworks continue to develop across multiple jurisdictions. MacDonald’s work demonstrates how proactive engagement with regulatory challenges can create sustainable competitive advantages rather than simply managing operational risks.

Robert MacDonald, Bybit Chief Compliance Officer, Makes Asian Legal Business' Top 15 in 2025

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
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Ethereum Tokenization Sparks Stock Rally

A renewed surge of interest in Ethereum tokenization has given a strong boost to ether and several related stocks, marking a turning point for the world’s second-largest blockchain platform. As Ethereum (ETH) nears its 10th anniversary at the end of July, investors are revisiting the network’s potential—not just as a cryptocurrency platform but as the foundation for a new era of digital finance.

On Wednesday, the price of ether rose 5%, according to Coin Metrics, helping drive gains across stocks linked to the Ethereum ecosystem. This price action came despite the coin still being down 24% year-to-date.

Crypto Stocks Soar on Tokenization News

Several companies with exposure to Ethereum saw notable stock gains on the day. BitMine Immersion Technologies (OTC:BMNR), which recently announced plans to adopt ETH as its primary treasury reserve asset, surged nearly 20%. The stock has skyrocketed over 1,000% since its Ethereum pivot.

SharpLink Gaming (NASDAQ:SBET), which also integrated an ETH treasury strategy, jumped more than 11%. Bit Digital (NASDAQ:BTBT), which just exited bitcoin mining in favor of Ethereum staking, climbed over 6%.

The gains underscore a growing theme: as Ethereum tokenization gains traction, firms realigning their strategies around the Ethereum blockchain are being rewarded by investors.

Stablecoins Open the Door to Real-World Asset Tokenization

According to Devin Ryan, head of financial technology research at Citizens, “We’re finally at the point where real use cases are emerging, and stablecoins have been the first version of that at scale.”

Stablecoins like Tether (USDT) and Circle’s USD Coin (USDC) are both issued on the Ethereum network and are seen as early examples of real-world assets being tokenized on-chain. These coins provide the basis for broader Ethereum tokenization applications—including tokenized stocks, bonds, and real estate.

The momentum is gaining institutional support as well. BlackRock’s (NYSE:BLK) tokenized money market fund, BUIDL (USD Institutional Digital Liquidity Fund), launched on Ethereum in 2023 and has since expanded across other blockchains. Meanwhile, ether ETFs attracted $40 million in inflows this week, led by BlackRock’s iShares Ethereum Trust, after fears that ETH ETFs were turning into “zombie funds.”

Robinhood and the Tokenization Trend

Further fueling optimism, Robinhood (NASDAQ:HOOD) announced it will enable the trading of tokenized U.S. stocks and ETFs across Europe. The move comes amid a spike in demand for tokenized financial products following the Senate’s advancement of the GENIUS Act stablecoin bill and Circle’s IPO filing in June.

These developments represent a key validation of Ethereum’s role in the future of finance. As Tom Lee of Fundstrat put it, Ethereum is “the backbone and architecture” of the stablecoin economy.

Ethereum’s Comeback Story?

Despite its 5% rally, ether remains roughly 75% off its all-time high and continues to face headwinds—including weaker revenue, uncertainty about the network’s direction, and increasing competition from blockchains like Solana.

Still, as more institutions and fintech platforms adopt Ethereum tokenization strategies, ETH is poised to reassert itself as the go-to infrastructure for digital asset innovation.

The tokenization process itself—the act of issuing blockchain-based versions of real-world assets—has been heralded as a multitrillion-dollar opportunity by firms like Citi and BCG. While holders of tokenized assets don’t own the underlying assets outright, the increased liquidity, transparency, and accessibility they offer are driving rapid adoption.

Ethereum’s smart contracts make it the ideal network for building and managing these tokenized ecosystems. And with legislative momentum and rising institutional interest, the latest rally may be more than just another crypto fad.

As Ethereum turns 10, the excitement around Ethereum tokenization could mark the beginning of a new growth phase—not only for ETH but for the broader digital asset market it anchors.

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BC.GAME to Exhibit at iGB L!VE 2025 in London — Visit Booth L60

BELIZE CITY, Belize, July 1, 2025 /PRNewswire/ — BC.GAME, a global Web3 iGaming platform, will exhibit at iGB L!VE 2025, set to take place on July 2–3, 2025, at the ExCeL London exhibition centre. With over 15,000 attendees and 300+ companies expected, iGB L!VE 2025 is one of the most anticipated events in the iGaming calendar, bringing together operators, affiliates, tech providers, and game developers under one roof.

BC.GAME at iGB L!VE 2025: Showcasing Web3 Gaming Innovation

BC.GAME will be present at Booth L60, where it will highlight its latest developments in Web3 gaming — including the platform’s native token BC, proprietary game titles, and tools designed to support a decentralized, community-led gaming experience.

The company’s team will be on-site to meet with affiliates, partners, and service providers interested in exploring collaboration opportunities. With a growing international footprint and a strong focus on community engagement, BC.GAME aims to position itself as a key player in the convergence of blockchain technology and iGaming.

Strengthening Global Reach Through iGB L!VE

Participation in iGB L!VE 2025 reflects BC.GAME‘s commitment to expanding its presence in Europe and other regulated markets. The event offers a valuable platform for the company to connect with industry leaders, explore emerging trends, and forge new partnerships across the iGaming and Web3 sectors.

Attendees are encouraged to stop by Booth L60 or reach out in advance to schedule meetings with the BC.GAME team.

About BC.GAME

Founded in 2017, BC.GAME is a global Web3 gaming platform offering a wide range of casino, sports, and proprietary games powered by blockchain technology. With a strong focus on community engagement, transparency, and innovation, BC.GAME combines traditional iGaming experiences with decentralized features — including its native token $BC, integrated wallets, and on-chain gameplay. 

For more information, visit https://bc.game.

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Bybit’s Bridge to Wall Street Gets Wider with xStocks Tokenized Equities

DUBAI, UAE, June 30, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced the listing of xStocks—a series of tokenized U.S. equities and ETFs—on its Spot platform. This move marks a major milestone in Bybit’s mission to bridge the gap between traditional and digital finance, offering users unprecedented access to global financial markets through blockchain technology.

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The listing is made possible through a partnership with Backed, the Swiss-based issuer of tokenized financial instruments. xStocks, launched by Backed in May 2025, represents over 60 U.S.-listed equities and ETFs—including Apple, Tesla, NVIDIA, and SPY—tokenized and pegged 1:1 to their real-world counterparts. These assets are freely transferable and compatible with both Ethereum (ERC-20) and Solana (SPL), ensuring wide accessibility across centralized exchanges, DeFi protocols, and now, the trusted Bybit ecosystem.

“At Bybit, we’re committed to bringing the best of both traditional and digital finance to our global community,” said Emily Bao, Head of Spot at Bybit. “By listing tokenized equities and ETFs, we’re not just adding new products—we’re empowering our users with greater choice, deeper flexibility, and more control, all within the secure and seamless Bybit experience. xStocks was the clear choice to help us deliver this unparalleled access.”

This listing follows the recent launch of Bybit TradFi, a unified trading interface that enables users to trade gold, forex, stock CFDs, indices, and commodities directly from the Bybit app. Together, Bybit TradFi and xStocks offer a varied and powerful toolkit to serve different trading preferences—from short-term speculation on global macro trends to long-term portfolio diversification via tokenized assets.

“We’re excited to welcome Bybit to the xStocks Alliance,” said Adam Levi, co-founder of Backed. “This integration puts tokenized equities into the hands of millions of new users and is a significant step toward building a more open and connected financial system. Bybit’s leadership in the exchange space makes them an ideal partner as we scale xStocks access globally.”

Unlocking a New Era of Market Access

With xStocks now live on Bybit, users can:

  • Trade tokenized stocks and ETFs directly on the Bybit Spot platform
  • Enjoy fractional ownership, lowering barriers to entry
  • Benefit from on-chain liquidity and global accessibility
  • Tap into 24/7 trading, unbound by traditional market hours
  • Access on-chain liquidity, bridging CeFi and DeFi
  • Diversify portfolios with exposure to real-world assets

“With the launch of Bybit TradFi, we’re equipping our users with the tools they need to unlock value from traditional markets—without ever leaving the crypto ecosystem,” added Emily. “Our partnership with xStocks strengthens our resolve to deliver more inclusive, borderless, and flexible financial access.”

As the crypto space evolves, Bybit remains at the forefront—connecting users not only to the future of finance, but also to the enduring opportunities of Wall Street, reimagined on-chain.

The service will be available to selected Bybit users in the coming weeks.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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Figment Expands into Middle East, Amidst Rising Institutional Demand for Digital Assets

LONDON, June 30, 2025 /PRNewswire/ — Figment, the leading independent provider of institutional staking infrastructure, is deepening its presence in the Middle East as digital asset adoption accelerates across the region. 

As part of this expansion, Figment has appointed Christoph Richter as its first Head of Business Development in the Middle East and announced a key partnership with UAE-based custody provider Tungsten, a trusted name in institutional digital asset services. This collaboration leverages Tungsten’s well-established industry position and existing licensing within the Abu Dhabi Global Market (ADGM), enabling them to offer enhanced, non-custodial staking options to clients via Figment’s infrastructure. 

The move marks a major step in expanding compliant staking access across the UAE and the broader MENA region and Christoph will be Figment’s first on-the-ground hire in the region.

“Staking can be understood as earning the risk-free rate on proof-of-stake networks like ETH and SOL,” said Christoph Richter. “With inflation beating rewards and rising institutional digital asset allocations, staking is becoming a core strategy – and the MENA region is ready.”

A Strategic Regional Push

Figment’s formal entry into the region is driven by growing demand for compliant, reward-generating solutions aligned with long-term digital asset investment strategies.

“The Middle East is uniquely positioned to benefit from institutional staking,” said Eva Lawrence, Figment’s Head of EMEA & Regional MD. “With Christoph’s deep background in traditional finance and digital assets, he’s perfectly placed to lead our growth in this high-potential market.”

Christoph will lead business development and strategic partnerships, reporting to Eva Lawrence, the Head of EMEA. He brings nearly two decades of traditional finance (TradFi) derivatives experience, including senior roles at JP Morgan, Barclays, BNP Paribas, and UBS. In his most recent TradFi role, he led derivative solutions for Southern Europe and DACH at MUFG. Since entering the digital asset industry in 2017, he has advised top-tier firms and co-founded the proprietary BTC and ETH trading venture Vol Capital, building market neutral quantitative investment strategies.

Christoph brings a wealth of experience of working on major infrastructure Public Private Partnerships transactions across the Middle East, particularly in Saudi, building strong ties to the region’s major players and capital markets. Now based in the UAE and fluent in five languages, he brings a truly global perspective to Figment’s regional growth.

Continued Global Investment, Local Leadership

This move builds on Figment’s global expansion across EMEA, the Americas, and APAC, reflecting increased institutional demand for secure and regulatory-aligned staking solutions and cementing Figment’s leadership as the most trusted institutional staking provider. Christoph’s appointment and the partnership with Tungsten underscore Figment’s commitment to investing in local leadership and strategic infrastructure tailored to the needs of the region.

Press Contact
Amy McAllister Byrne:  amy@cryptocollective.global

About Figment

Figment is the leading independent provider of staking infrastructure. Figment provides the complete staking solution for over 700 institutional clients, including asset managers, exchanges, wallets, foundations, custodians, and large token holders, to earn rewards on their digital assets. On Ethereum, Figment is the largest non-custodial staking provider of staked ETH. Institutional staking services from Figment include seamless point-and-click staking, portfolio reward tracking, API integrations, audited infrastructure, and slashing protection. This all leads Figment’s mission to support the adoption, growth, and long-term success of the digital asset ecosystem. To learn more about Figment, please visit figment.io.

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