We've rounded up the day's highlights in the crypto and blockchain industry.

Standard Chartered enters tokenized asset market
The venture arm of international bank Standard Chartered has established a new blockchain department with the aim of enabling tokenization of traditional investment products and expanding in the Asian crypto-asset market.
The initiative will provide services to institutions in digitizing financial investment instruments on the blockchain, which is used on the basis of cryptocurrencies, on the platform called Libeara. Libeara has partnered with FundBridge Capital, a Singapore-based fund platform solutions company.
Australia expands tax coverage for cryptocurrency investors
The Australian Taxation Office (ATO) has announced that the updated tax guidance has been expanded to cover capital gains tax on crypto products, decentralized lending protocols, and wrapped tokens.
In the update, it stated that a capital gain is generated when a crypto asset is exchanged for use on decentralized platforms with an equivalent crypto asset and then the underlying asset of the asset, which is taxable. While the taxable income is tied to the market value of the wrapped token, it has been seen that the scope of crypto tax in the country has been expanded to cover the decentralized finance market.
Goldman Sachs participates in the financing of the Blockchain payments company
Blockchain-based payments company Fnality has announced that it has raised $95 million in a second funding round involving Goldman Sachs and other large financial firms while it awaits the Bank of England's approval to begin operations.
Fnality announced that Goldman Sachs and BNP Paribas, along with DTCC and Euroclear, Nomura and WisdomTree also participated in the funding round.
Polygon Labs announces updated web3 identity service
Polygon has released the fifth version of Polygon ID, an identity creation service in the web3 space.
This service allows decentralized finance applications to verify the user without the need for personal information. With the fifth release of Polygon ID, the number and variety of existing accounts has been increased. With the update, the developers added a new network issuer, improvements for the issuer node, and a new credential marketplace.
Polygon first launched its identification system in March this year. With this new system, it is possible to protect the privacy of users and verify user data on the Blockchain by using zero-knowledge technology. #ContentStar# #Gatepost#