PayPal's Stablecoin to Hit $1B Market Cap
PYUSD recently hit a $1 billion market cap, driven by its expansion to the Solana blockchain and boosted by DeFi reward programs. Initially slow to gain traction on Ethereum, the stablecoin saw a surge in supply and user activity after its May expansion to Solana, where its supply quickly outpaced that on Ethereum.
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PYUSD recently hit a $1 billion market cap, driven by its expansion to the Solana blockchain and boosted by DeFi reward programs. Initially slow to gain traction on Ethereum, the stablecoin saw a surge in supply and user activity after its May expansion to Solana, where its supply quickly outpaced that on Ethereum.
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MakerDAO, Now "Sky", to Roll Out New Stablecoin USDS
MakerDAO, now rebranded as "Sky," is set to introduce a new stablecoin, USDS, on September 18 as part of a significant overhaul aimed at scaling its decentralized finance (DeFi) platform. The USDS stablecoin will coexist with MakerDAO's existing DAI stablecoin, allowing users to exchange DAI for USDS on a 1:1 basis. The rebranding and new stablecoin are central to MakerDAO's "Endgame" project
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MakerDAO, now rebranded as "Sky," is set to introduce a new stablecoin, USDS, on September 18 as part of a significant overhaul aimed at scaling its decentralized finance (DeFi) platform. The USDS stablecoin will coexist with MakerDAO's existing DAI stablecoin, allowing users to exchange DAI for USDS on a 1:1 basis. The rebranding and new stablecoin are central to MakerDAO's "Endgame" project
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Boson Protocol and Superchief Gallery to Tokenize $5.1M Art Collection
The collection includes 85 unique pieces by notable artists such as Louise Nevelson and Buffie Johnson. Through this partnership, users can purchase NFTs representing ownership of these artworks, which can be redeemed for the physical pieces.
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The collection includes 85 unique pieces by notable artists such as Louise Nevelson and Buffie Johnson. Through this partnership, users can purchase NFTs representing ownership of these artworks, which can be redeemed for the physical pieces.
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Tokenized T-Bills Issuer OpenEden to Surpass $100m in TVL
OpenEden has surpassed $100 million in total value locked (TVL) for its tokenized U.S. Treasury Bills, following the issuer's recent announcement to launch T-Bills on the XRP Ledger, backed by a $10 million allocation from Ripple and support from Arbitrum's DAO treasury.
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OpenEden has surpassed $100 million in total value locked (TVL) for its tokenized U.S. Treasury Bills, following the issuer's recent announcement to launch T-Bills on the XRP Ledger, backed by a $10 million allocation from Ripple and support from Arbitrum's DAO treasury.
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Centrifuge to Unveil Lending Market With Morpho, Coinbase
The institutional real-world asset (RWA) lending market on Coinbase’s layer-2 network, Base, leverages tokenized U.S. Treasury bills to provide instant liquidity for institutional borrowers. This market will use Morpho’s vault system to allow collateralization and borrowing against tokens backed by Centrifuge’s Anemoy Liquid Treasury Fund, Midas Short Term U.S. Treasuries, and Hashnote’s U.S. Yield Coin.
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The institutional real-world asset (RWA) lending market on Coinbase’s layer-2 network, Base, leverages tokenized U.S. Treasury bills to provide instant liquidity for institutional borrowers. This market will use Morpho’s vault system to allow collateralization and borrowing against tokens backed by Centrifuge’s Anemoy Liquid Treasury Fund, Midas Short Term U.S. Treasuries, and Hashnote’s U.S. Yield Coin.
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MyHouse & Tokenforge to Launch Real Estate Tokenization Platform
The platform, which is fully compliant with the German Electronic Securities Act (eWpG), allows investors to easily and securely access high-quality real estate and tangible asset investments. Initially, MyHouse features exclusive real estate projects in Germany, with plans to expand to other asset classes and international markets.
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The platform, which is fully compliant with the German Electronic Securities Act (eWpG), allows investors to easily and securely access high-quality real estate and tangible asset investments. Initially, MyHouse features exclusive real estate projects in Germany, with plans to expand to other asset classes and international markets.
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AlphaPoint to Integrate Polymesh as Blockchain of Choice for RWA Tokenization
This collaboration integrates Polymesh's blockchain with AlphaPoint's platforms, simplifying the creation and trading of tokenized assets while ensuring regulatory compliance. A webinar on September 12, 2024, will explore these advancements.
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This collaboration integrates Polymesh's blockchain with AlphaPoint's platforms, simplifying the creation and trading of tokenized assets while ensuring regulatory compliance. A webinar on September 12, 2024, will explore these advancements.
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BlackRock: Impact of Tokenization “Wildly” Underestimated
Joseph Chalom, Head of Strategic Ecosystem Partnerships at BlackRock, said the industry is “wildly underestimating” the impact of tokenization on changing financial markets. He spoke on a panel at the SALT Wyoming Blockchain Symposium in the U.S. on August 20th, 2024.
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Joseph Chalom, Head of Strategic Ecosystem Partnerships at BlackRock, said the industry is “wildly underestimating” the impact of tokenization on changing financial markets. He spoke on a panel at the SALT Wyoming Blockchain Symposium in the U.S. on August 20th, 2024.
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Natixis Pfandbriefbank to Launch 100M EUR Digital Bond on SWIAT Blockchain
In collaboration with DekaBank as the registrar, Natixis issued and settled a €100 million digital registered covered bond, secured by mortgage loan pools, on the SWIAT Blockchain, operated by SC Ventures by Standard Chartered, DekaBank Deutsche Girozentrale, LBBW, Comyno.
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In collaboration with DekaBank as the registrar, Natixis issued and settled a €100 million digital registered covered bond, secured by mortgage loan pools, on the SWIAT Blockchain, operated by SC Ventures by Standard Chartered, DekaBank Deutsche Girozentrale, LBBW, Comyno.
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Hong Kong Monetary Authority to Open Its Tokenization Sandbox
The Hong Kong Monetary Authority opened up its tokenization "Project Ensemble" sandbox on Wednesday after HSBC completed three proof of concepts. The project is meant to future-proof the financial system, Julia Leung, chief executive officer of the Securities and Futures Commission, said.
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The Hong Kong Monetary Authority opened up its tokenization "Project Ensemble" sandbox on Wednesday after HSBC completed three proof of concepts. The project is meant to future-proof the financial system, Julia Leung, chief executive officer of the Securities and Futures Commission, said.
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Aave To Onboard BUIDL Shares As Collateral For GHO
The largest DeFi lending protocol is moving to onboard shares of BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) as collateral for its decentralized stablecoin, GHO. Aave Labs proposed adding BUIDL shares to the GHO Stability Module (GSM), allowing users to exchange GHO for BUIDL shares on a one-to-one basis.
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The largest DeFi lending protocol is moving to onboard shares of BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) as collateral for its decentralized stablecoin, GHO. Aave Labs proposed adding BUIDL shares to the GHO Stability Module (GSM), allowing users to exchange GHO for BUIDL shares on a one-to-one basis.
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Real Estate Tokenization Platform RealT to Reach $115M in TVL
The Ethereum and Gnosis based project allows users to purchase fractional ownership in tokenized real estate properties through their U.S. compliant platform, expecting annual yields between 6% and 20%. RealT's TVL reflects the combined value of all listed real estate units, with tokens representing ownership stakes in properties.
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The Ethereum and Gnosis based project allows users to purchase fractional ownership in tokenized real estate properties through their U.S. compliant platform, expecting annual yields between 6% and 20%. RealT's TVL reflects the combined value of all listed real estate units, with tokens representing ownership stakes in properties.
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Blocksquare to Partner for First Tokenization of a Tequila Distillery
The tequila distillery, Rancho Altos, is located in Jalisco, Mexico and combines traditional tequila production with luxury villas, a wellness center, and eco-tourism facilities. $BST token holders invest to support the distillery’s construction and the development of a dedicated marketplace for tokenized assets.
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The tequila distillery, Rancho Altos, is located in Jalisco, Mexico and combines traditional tequila production with luxury villas, a wellness center, and eco-tourism facilities. $BST token holders invest to support the distillery’s construction and the development of a dedicated marketplace for tokenized assets.
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Brevan Howard-Backed Tokenization Firm Libre to Expand to NEAR Blockchain
Libre is bringing tokenized financial assets to the NEAR Protocol. Users can access funds like Hamilton Lane's credit fund, Brevan Howard's Master Fund, and BlackRock's Money Market Fund, with over $100 million in assets under management since launch.
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Libre is bringing tokenized financial assets to the NEAR Protocol. Users can access funds like Hamilton Lane's credit fund, Brevan Howard's Master Fund, and BlackRock's Money Market Fund, with over $100 million in assets under management since launch.
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Qatar Central Bank to Launch Digital Asset and Tokenization Framework
The QFC Digital Assets Framework 2024 establishes the legal and regulatory foundation for digital assets, including the process of tokenization, legal recognition of property rights in tokens and their underlying assets, custody arrangements, transfer, and exchange.
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The QFC Digital Assets Framework 2024 establishes the legal and regulatory foundation for digital assets, including the process of tokenization, legal recognition of property rights in tokens and their underlying assets, custody arrangements, transfer, and exchange.
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INX to Sell Broker Subsidiary to Accelerate Growth in Real-World Assets Tokenization and Trading Platform
The sale of its I.L.S. Brokers Ltd. (ILSB) aligns with INX's strategy to focus on its Real-World Assets trading platform. By divesting ILSB, INX aims to allocate more resources to developing its digital asset ecosystem.
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The sale of its I.L.S. Brokers Ltd. (ILSB) aligns with INX's strategy to focus on its Real-World Assets trading platform. By divesting ILSB, INX aims to allocate more resources to developing its digital asset ecosystem.
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Siemens to Issue €300M Digital Bond on SWIAT Blockchain
The second digital bond is a €300 million one-year bond on the SWIAT permissioned blockchain, with settlement completed in minutes using Germany's Bundesbank Trigger Solution. Classified as a crypto security under Germany’s Electronic Securities Act (eWpG), it is the largest eWpG bond to date.
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The second digital bond is a €300 million one-year bond on the SWIAT permissioned blockchain, with settlement completed in minutes using Germany's Bundesbank Trigger Solution. Classified as a crypto security under Germany’s Electronic Securities Act (eWpG), it is the largest eWpG bond to date.
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ShipFinex and Tokeny to Announce Maritime Asset Tokenization
ShipFinex will leverage Tokeny’s ERC-3643 standard to ensure regulatory compliance for tokenized assets, democratizing access to maritime investments by lowering entry barriers for global investors. This collaboration aligns with ShipFinex's mission to revolutionize the maritime sector, offering a secure and efficient marketplace for tokenized maritime assets.
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ShipFinex will leverage Tokeny’s ERC-3643 standard to ensure regulatory compliance for tokenized assets, democratizing access to maritime investments by lowering entry barriers for global investors. This collaboration aligns with ShipFinex's mission to revolutionize the maritime sector, offering a secure and efficient marketplace for tokenized maritime assets.
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Injective to Introduce First Ever Tokenized Index for BlackRock's BUIDL Fund
This marks the first perpetual index market tracking the supply of the BUIDL fund, BlackRock’s tokenized U.S. dollar-yielding fund backed by assets like U.S. Treasuries. The index will be available on Injective’s decentralized apps (dApps) such as Helix, allowing users to trade with low fees and fast speeds. Read our comparative analysis about BUIDL.
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This marks the first perpetual index market tracking the supply of the BUIDL fund, BlackRock’s tokenized U.S. dollar-yielding fund backed by assets like U.S. Treasuries. The index will be available on Injective’s decentralized apps (dApps) such as Helix, allowing users to trade with low fees and fast speeds. Read our comparative analysis about BUIDL.
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Citi to Release Latest Securities Services Evolution Whitepaper
Citi reveals that 65% of market participants plan to use non-CBDC options like stablecoins, tokenized deposits, and digital payment systems for digital securities settlements by 2026, marking a shift from last year when CBDCs were favored. Additionally, the shift to T+1 settlement is progressing, with 95% of respondents expecting to move away from T+2 within five years.
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Citi reveals that 65% of market participants plan to use non-CBDC options like stablecoins, tokenized deposits, and digital payment systems for digital securities settlements by 2026, marking a shift from last year when CBDCs were favored. Additionally, the shift to T+1 settlement is progressing, with 95% of respondents expecting to move away from T+2 within five years.
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Infineo to Mints $100 Million in Tokenized Life Insurance on Provenance Blockchain
Infineo's Policy Ledger System has minted $100 million worth of life insurance policies in just three months. This milestone, achieved through collaboration with Provenance Blockchain Labs, highlights life insurance as one of the fastest-growing sectors for real-world asset tokenization.
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Infineo's Policy Ledger System has minted $100 million worth of life insurance policies in just three months. This milestone, achieved through collaboration with Provenance Blockchain Labs, highlights life insurance as one of the fastest-growing sectors for real-world asset tokenization.
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