Archax partners with State Street, Fidelity, and LGIM to offer tokenized money market funds. Archax will issue tokens representing beneficial ownership of their fund investments. Archax, a UK-regulated cryptocurrency exchange and custodian, is venturing into the tokenization of real-world assets (RWAs). Today, the platform announced plans to offer tokenized money market funds from three global…
November 19, 2024 at 02:30 PM GST updated: November 19, 2024 at 11:54 AM 2 mins read News Goldman Sachs spins off digital asset platform to streamline trading, targeting institutional blockchain adoption. Collaboration with Tradeweb boosts tokenization of U.S. funds, enhancing efficiency in institutional finance. Regulatory-approved Bitcoin ETFs spark renewed institutional interest, driving Goldman Sachs’…
Tether has introduced Hadron, a new platform aimed at expanding asset tokenization to a broader market. Tether Launches Hadron Platform Tether, known as a leading issuer of stablecoins, has launched Hadron, a platform designed to streamline the process of asset tokenization. According to the announcement shared with Bitcoin.com News, the platform aims to make it…
The following is a guest article from Vincent Maliepaard, Marketing Director at IntoTheBlock. DeFi is driving one of the most aggressive waves of innovation in decades. While it may feel like an established sector to some, DeFi is still rapidly evolving, continually introducing tools with the potential to redefine traditional finance. Here’s a look at…
The Monetary Authority of Singapore (MAS) is advancing tokenization in financial services by launching Project Guardian, a collaborative initiative involving major financial institutions to develop and commercialize tokenized assets, including fixed income and funds. Deepening Liquidity of Tokenized Assets The Monetary Authority of Singapore (MAS) has revealed plans to advance tokenization in financial services. The…
The Monetary Authority of Singapore (MAS) has announced several initiatives designed to enhance tokenization within the financial sector, according to a Nov. 4 statement. According to the regulator, the move aims to strengthen tokenized assets’ liquidity and support market infrastructure growth. To help drive the adoption of tokenized assets, MAS will establish commercial networks, develop…
IOTA is expected to perfectly align with the current momentum of the tokenization market to capitalize on the potential $68 trillion valuation projected for 2030. A researcher has disclosed that the real estate sector, which had a business volume of $4.4 trillion last year, could reach $5.1 trillion by the end of the decade. A…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 UBS Asset Management, a multinational financial services firm, has recently introduced a tokenized money market fund in Singapore. This fund is a first-of-its-kind investment vehicle designed to merge blockchain’s efficiency with the stability and trust of traditional money market investments. This pioneering fund is poised to bring institutional investors…
UBS Asset Management, a subsidiary of Zurich-headquartered investment bank UBS, has launched its inaugural tokenized fund on the Ethereum blockchain, aiming to expand access for its clients. According to a Nov. 1 statement, the new product — the “UBS USD Money Market Investment Fund Token” or “uMINT” — offers clients an innovative investment solution. Token…
The U.S. Treasury’s report shows tokenized assets could drive significant demand for Treasuries, especially during crypto downturns. As Digital Assets Grow, Treasury Demand Finds Strength in Tokenized Safe Havens The U.S. Treasury Department released its Q4 2024 Treasury Borrowing Advisory Committee (TBAC) Quarterly Report on Wednesday, examining how digital assets, including bitcoin and tokenization, are…
October 31, 2024 at 02:20 PM GST updated: October 31, 2024 at 12:30 PM 2 mins read News Stablecoins now drive significant Treasury bill demand, with $120B in collateral tied to T-bills and repos. Treasury warns of stablecoin risks, noting past financial crises and potential for T-bill market disruptions. Tokenization of T-bills via blockchain is…
October 29, 2024 at 06:20 PM GST updated: October 29, 2024 at 06:05 PM 2 mins read News Tokenized funds may grow to $600B by 2030, offering investors faster, more accessible asset management with $100B in annual returns. DLT-based tokenization could add $180B to investment markets, with demand rising from both traditional and virtual asset…
The Central Bank of Brazil propped up tokenization and “open finance” as key elements of the future’s financial system. In a panel presentation before the IMF and the World Bank, the bank’s president stated that the intersection between these had been underestimated. Central Bank of Brazil Considers Tokenization Potential ‘Underestimated’ In a recent panel presentation…
Tether is reportedly seeking to expand its operations into tokenization markets in Turkey. According to sources familiar with the matter, the company is in talks to revamp the country’s boron markets by utilizing tokenization and establishing a national exchange for boron transactions. Tether Pitches Boron Tokenization Proposal in Turkey Tether, one of the largest cryptocurrency…
Tether is working with Turkey to tokenize its boron reserves, aiming to modernize the commodity’s trading system. Discussions are ongoing with Turkish officials, but no agreements have been finalized on the boron tokenization project. In a recent development, Tether has proposed digital tokenization of Turkey’s enormous boron deposits, according to Bloomberg Crypto. Aimed at upgrading…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Aurum Equity Partners has revealed a $1 billion tokenized fund, combining equity and debt assets to modernize infrastructure investment. Announced on October 22, this innovative fund will focus on building data centers across key regions, including the United States, UAE, Saudi Arabia, India, and Europe. Utilizing Zoniqx’s asset tokenization…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 The Financial Stability Board (FSB) and the Bank for International Settlements (BIS) have issued critical warnings regarding the pitfalls of tokenization. In a recent letter addressed to the G20 nations, the FSB flagged the potential risks associated with the growing trend of tokenizing real-world assets. These warnings come at…
Legal & General is entering the crypto tokenization space. The firm aims to make its investment management liquidity funds available in tokenized form. Legal & General (L&G), a major UK-based pension and investment management firm, is considering entering the blockchain tokenization market. With $1.5 trillion in assets under management, the company is considering how it…
Brad Garlinghouse, CEO of Ripple, a payments and cryptocurrency service provider, has praised the state of cryptocurrency regulation in Brazil, one of the largest crypto markets in Latam. In an interview with Valor Economico, Garlinghouse highlighted the central bank’s work to make Brazil an enticing destiny for crypto companies. “Brazil is one of the fastest-growing…
The RWA tokenization sector may grow from $185 billion to $30 trillion by 2030. DeFi advancements enhance capital efficiency and lower transaction costs. The real-world asset (RWA) tokenization sector is expected to grow remarkably, with estimates predicting an increase of up to 50 times by 2030. A recent report by Tren Finance indicates that the…
October 14, 2024 at 09:40 PM GST updated: October 14, 2024 at 09:33 PM 2 mins read News WadzPay is leading Africa’s digital finance transformation through blockchain and tokenization, boosting access and transparency. Tokenization by WadzPay is opening up new investment opportunities in Africa’s real estate and natural resources markets. WadzPay’s blockchain solutions are leading…
Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His…
Fabio Araujo, the coordinator of Drex, the Brazilian CBDC, envisions this network substituting the current national transaction system and moving all the funds currently settled by the Reserve Transfer System. However, he stated that this would take some time, as the cost of this migration would be significant. Drex Coordinator Envisions Total Substitution Of Traditional…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 State Street Global Advisors, a leading global financial services provider, is actively exploring using blockchain technology and tokenization to modernize its operations. According to a report, this strategic move focuses primarily on tokenizing bonds and money market funds, to enhance operational efficiency and improve how assets are managed and…
Hong Kong’s Securities and Futures Commission (SFC) has confirmed that the full regulatory framework for digital assets is set to be completed by next year, according to CEO Liang Fengyi. She also noted that 11 more crypto platforms are in the process of applying for licenses, with the first round of assessments already finished. SFC…
The Tokenized Asset Coalition adds 21 new members, releasing a report on blockchain and tokenization growth. Ondo Finance leads in the tokenized US Treasury space with innovative products like USDY and OUSG. The Tokenized Asset Coalition (TAC), which advocates for public blockchain adoption, asset tokenization, and institutional DeFi, made significant progress by announcing the addition…
South Korea’s central bank, the Bank of Korea, will soon allow participants to use digital tokens for payments at supermarkets and convenience stores in a central bank digital currency (CBDC) trial. Starting in December, 100,000 participants will be part of this test. Retail partnerships and global initiatives like Project Agora highlight the broader impact of…
Over 40 leading private banking institutions have joined Project Agora, a Bank for International Settlements (BIS) initiative to integrate smart contracts to change the current payment flow standard. The objective is to design a system combining public and private money to enhance cross-border settlement processes. Project Agora Gains Support From Private Banking Giants Project Agora,…
Qatar Financial Center (QFC) has launched its Digital Assets Lab, selecting 24 participants to develop innovative digital solutions using distributed ledger technology. Key partners include Google Cloud, Masraf Al Rayan, The Hashgraph Association, and R3. Lab Participants to Lead Digital Transformation In a move signaling Qatar’s embrace of digital assets, the QFC, the region’s leading…
Former WeWork CEO Adam Neumann’s climate tech startup Flowcarbon has reportedly started refunding investors after failing to launch its much-anticipated Goddess Nature Token (GNT). According to a Forbes report from earlier in the week, the company has struggled to realize its vision of tokenizing carbon credits. Project Raised $38M From Token Sales Flowcarbon initially raised $70 million…
In the interview, Rey Fernando Verboonen, co-founder and CEO of Curioinvest, recounted his journey from speculator to builder in the digital asset space. We covered the tokenization of real-world assets (RWAs) using blockchain, the importance of regulatory compliance, and his optimistic vision for blockchain’s societal impact. Pioneering the Future: How Curio Invest Is Bringing Real-World…
Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His…
Global financial services provider State Street has announced a strategic partnership with digital asset infrastructure provider Taurus to enhance its digital asset services. This collaboration aims to offer a comprehensive digital platform, including tokenization and digital custody, expanding State Street’s existing capabilities in fund administration. State Street Partners With Taurus to Expand Digital Asset Services…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 State Street, a leading global financial services provider, has partnered with Taurus, a Swiss-based digital asset infrastructure provider, to advance its cryptocurrency custody and tokenization capabilities. According to the announcement, the move marks a significant step in State Street’s journey into the digital asset space. The bank positions itself…