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Ethereum gets another treasury company as SEC washes its hands of liquid staking

Cosmos Health secured up to $300 million to accumulate ethereum.

Sage D. Young

A big sigh of relief was heard from the ethereum community yesterday after the SEC’s Division of Corporation Finance issued a statement saying liquid staking does not fall within the agency’s jurisdiction, as it does “not involve the offer and sale of securities.” Liquid staking refers to the process of locking up tokens to aid in a blockchain’s consensus mechanism in exchange for rewards, and its key to the ethereum ecosystem.

This could clear the path for allowing staking within spot ethereum ETFs, which could make the funds more appealing.

  • Speaking of ETFs... on Tuesday, US spot ethereum ETFs saw $73.2 million in inflows, flipping positive after seeing their largest daily outflow of $465 million at the beginning of the week. Cumulative inflows into the investment vehicles exceed $9 billion, per SoSoValue

  • Meanwhile, Cosmos Health, a healthcare group with a market capitalization of $29 million, announced Wednesday it was joining the ranks of ethereum treasury companies. The firm has secured “$300 million in senior secured convertible promissory notes” to jumpstart its new strategy, which sent its shares up as much as 17% on the news.

  • Ethereum’s parent chain is sending bullish signals as well, leading all networks by bridged assets into its ecosystem over the past seven days, one month, and three months, data from blockchain analytics firm Artemis shows. 

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Ripple launches treasury platform to manage cash and cryptocurrencies

Ripple, the firm closely tied to the fifth-largest cryptocurrency, XRP, introduced a new treasury platform for digital asset and traditional cash management for users like financial officers, treasurers, and accountants. 

Ripple’s move comes more than three months after it acquired treasury software provider GTreasury for $1 billion, one of several steps to grow the firm’s position in corporate finance.

Combining Ripple’s blockchain rails and GTreasury’s software, the new platforms goal is to simplify treasury operations. It eliminates settlement delays with payment times of three to five seconds and optimizes yield from working capital 24/7 through tokenized money market funds such as BlackRock’s BUIDL and overnight secure repo markets with RLUSD, according to a Tuesday blog post

Ripple Treasury also aims to provide “real-time cash positions, automated forecasting, and seamless reporting across traditional cash, digital assets, RLUSD, and XRP holdings,” the blog post stated.

Last year, Ripple filed its national banking license application with the US Office of the Comptroller of the Currency, while the firm’s subsidiary Standard Custody & Trust Company applied for a Federal Reserve master account, which would allow Ripple to hold RLUSD reserves directly with the Fed.

XRP has seen $2.4 billion in trading volume in the last 24 hours, increasing 1.8% in the period. The tokens all-time high was set in July 2025 at $3.65. Meanwhile, spot XRP ETFs had nearly $9.2 million worth of inflows on Tuesday, bringing cumulative inflows to $1.4 billion.

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