265Dots AG launched a platform, pioneering an investment group to connect institutional investors, family offices, and asset managers with the Polkadot ecosystem.

With a strong emphasis on regulatory compliance and investor education, 265Dots provides a gateway for traditional finance (TradFi) players looking to explore Web3 opportunities.

265Dots To Bridge TradFi and Web3 on Polkadot

265Dots, with experience in capital markets and crypto ecosystem building, aims to facilitate institutional adoption. The platform will offer financial products and services tailored for accredited investors on Polkadot.

With a team of industry experts from TradFi and the crypto sector, 265Dots will collaborate with institutions seeking exposure to the Polkadot ecosystem. The firm offers Over-The-Counter (OTC) services, collaborating with ETF and ETP (Exchange-Traded Products and Exchange-Traded Funds, respectively) issuers.

It will also work with Actively Managed Certificates (AMCs) to ensure compliant and regulated investor access to Polkadot-based assets. In a statement shared with BeInCrypto, Wilhelm Roth, founder and CEO of 265Dots, emphasized the firm’s commitment to institutional engagement.

“At 265Dots, we are committed to bridging the gap between the Polkadot ecosystem and institutional investors by making it easier for institutions to explore the benefits of DOT and engage with the broader ecosystem. DOT is positioned in a unique spot in the crypto ecosystem. As one of the most significant parties, both by size and scope of development and products, 265Dots sees the potential and its role to drive sophisticated financial products for accredited and institutional investors,” Roth stated.

This development comes amid rising institutional interest in blockchain technology, with Polkadot emerging as a compelling alternative to Bitcoin and Ethereum. This was evident from the applications for Polkadot ETF, with interest expressed by 21Shares, among others. Barely a week ago, Nasdaq sought SEC approval for Grayscale’s Polkadot ETF.

Growing Appeal of Polkadot for Institutional Investors

Polkadot is known for its novel multi-chain framework, positioning itself as a scalable and secure blockchain network. Its design allows interoperability between blockchains, enabling seamless transactions and fostering innovation.

Crypto assets have also demonstrated their ability to enhance portfolio diversification. Non-sovereign and decentralized assets now serve as a hedge against regionally bound investments. Institutions could increasingly incorporate Polkadot into structured financial products as regulatory clarity improves.

Polkadot Ambassador Max Rebol recently explained to BeInCrypto that Polkadot is the equivalent of Amazon Web Services (AWS) for Web3. He highlighted its potential to revolutionize industries such as gaming and government services. Rebol’s insights reinforce Polkadot’s role as a fundamental infrastructure layer for the next generation of blockchain applications.

Meanwhile, Polkadot’s major upgrade, Polkadot 2.0, is expected to launch in Q1 2025. The upgrade is expected to introduce significant improvements in scalability, governance, and efficiency, which could strengthen Polkadot’s appeal to institutional investors further.

BeInCrypto data shows that Polkadot’s price has only increased by a modest 2.82% since Thursday’s session opened. As of this writing, DOT was trading at $4.54.

In a shocking incident, the Hong Kong government has unveiled a sophisticated crypto scam, involving a fake social media account impersonating the city’s Chief Executive. The scammers used the account to promote a fake cryptocurrency called “National Hong Kong Coin”, prompting a swift warning from the government.

Notably, the scammers announced the launch of the fraudulent coin on Solana, garnering widespread attention. However, Hong Kong Legislative Council member Ng Kit Chuang clarified that the government hasn’t issued the cryptocurrency.

Fake National Hong Kong Coin: What to Know

Earlier today, a fake X account impersonating Hong Kong’s Chief Executive John Lee Ka-chiu announced the launch of the National Hong Kong Coin on Solana. In an attempt to legitimize the deceptive claim, the scammers used a photograph of the Chief Executive. In addition, the scammers wrote on X, “This strategic step marks a new era in digital innovation and economic growth for Hong Kong”.

Subsequently, Legislative Council member Ng Kit Chuang has reassured the public that the government has made no official announcement regarding the issuance of a cryptocurrency. He warned investors to be cautious and not fall victim to such scams, emphasizing the importance of verifying information through official channels before making any investment decisions.

Government Warns Against Fake National Hong Kong Coin

Following the scammers’ false announcement on the Hong Kong Coin, the government issued a warning. In an official statement, the SAR government clarified that the Chief Executive’s account is fake and the shared information about the crypto launch is completely false.

Legislative Council member Ng Kit Chuang’s clarification comes amidst growing concerns and queries from citizens and Web3 industry experts about a fake social media post claiming the launch of the National Hong Kong Coin. The government has firmly debunked the claims as fraudulent, and Ng has urged the public to remain cautious and vigilant.

The Rise of Government Crypto Scams

It is noteworthy that the fake Hong Kong Coin incident is part of a broader trend of crypto scams that involve impersonating celebrities and government officials to dupe investors.

Recently, scammers promoted a fake meme coin impersonating Saudi Arabia’s Crown Prince Mohammed bin Salman. Scammers created a fake account, “SaudiLawConf”, to promote a fraudulent crypto called “Saudi Arabia Meme Coin”. However, the legitimate Saudi Law Conference soon discovered that their X account had been hacked and issued a warning about the crypto scam.

Similarly, the launch of Libra token, promoted by Argentinian President Javier Milei, has also created controversy. The token, which jumped by 3000% to an ATH of $4.5, soon reached its low, when the pulled $87M worth of LIBRA, leaving investors with significant losses.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.