Velo Labs to Back Stablecoins with BlackRock's Short-Term Treasury Fund
The assets backing Velo Labs' stablecoin USDV now include an investment in BlackRock's tokenized USD Institutional Digital Liquidity Fund (BUIDL), facilitated by Securitize. USDV is the primary value store and transfer unit across Velo's Web3 payment and trading applications, serving over 1 million users in Southeast Asia.
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The assets backing Velo Labs' stablecoin USDV now include an investment in BlackRock's tokenized USD Institutional Digital Liquidity Fund (BUIDL), facilitated by Securitize. USDV is the primary value store and transfer unit across Velo's Web3 payment and trading applications, serving over 1 million users in Southeast Asia.
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Lofty’s Real Estate Tokenization Platform to Cross $37M TVL
The Algorand-based platform has reached a record $37.6 million in total value locked (TVL). The real estate focused protocol enables users to buy fractional ownership of rental properties and earn daily rent payouts. Lofty lists over 100 properties, with token prices ranging from $20 to $70, offering yields as high as 31% annually.
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The Algorand-based platform has reached a record $37.6 million in total value locked (TVL). The real estate focused protocol enables users to buy fractional ownership of rental properties and earn daily rent payouts. Lofty lists over 100 properties, with token prices ranging from $20 to $70, offering yields as high as 31% annually.
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Tokenized RWA Platform Huma Finance to Raise $38M Investment The payment-financing platform, which uses tokenized real-world assets (RWA) to address trade financing liquidity needs via blockchain, raised a $10 million in equity investment, led by Distributed Global, and $28 million in RWA purchase commitments. Key investors include Hashkey Capital, Folius Ventures, Stellar Development Foundation, and TIBAS Ventures.
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Standard Chartered to Start Custody Services for Digital Assets in the UAE
With Brevan Howard Digital as its first client, the bank chose the UAE for its balanced approach to digital asset regulation and adoption. Standard Chartered is also involved in crypto through its backing of Zodia Markets and Zodia Custody, offering custody and trading services.
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With Brevan Howard Digital as its first client, the bank chose the UAE for its balanced approach to digital asset regulation and adoption. Standard Chartered is also involved in crypto through its backing of Zodia Markets and Zodia Custody, offering custody and trading services.
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Singapore’s Regulated Digital Asset Exchange to Raise $50M
SDAX secured $50 million in a Series B2 funding round, led by Muscat Precious Metals Refining Company (MPMR). SDAX plans to use the funds to launch a digital asset exchange in Oman, providing access to the Gulf and Africa. Earlier this year, SDAX and MPMR partnered to launch tokenized gold products backed by gold vaulted in Singapore.
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SDAX secured $50 million in a Series B2 funding round, led by Muscat Precious Metals Refining Company (MPMR). SDAX plans to use the funds to launch a digital asset exchange in Oman, providing access to the Gulf and Africa. Earlier this year, SDAX and MPMR partnered to launch tokenized gold products backed by gold vaulted in Singapore.
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Swift to Unveil Global Infrastructure for Tokenized Asset Transfers
The initiative will focus on facilitating real-time Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) for tokenized assets on Swift’s global platform. Swift plans to initially use fiat currencies, with plans to later incorporate CBDCs, tokenized commercial bank money, and stablecoins.
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The initiative will focus on facilitating real-time Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) for tokenized assets on Swift’s global platform. Swift plans to initially use fiat currencies, with plans to later incorporate CBDCs, tokenized commercial bank money, and stablecoins.
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Particula to Partner with Digital Securities Trading Venue Assetera
As one of the first regulated trading venues for digital securities in the EU/EEA, Assetera operates in a DLT-based environment, utilizing Atomic Swaps for clearing and settlement while offering custodial and non-custodial models. This collaboration supports Assetera’s listing process by providing industry benchmarks and independent risk assessments by Particula, helping investors make informed decisions and compare different investment offerings.
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As one of the first regulated trading venues for digital securities in the EU/EEA, Assetera operates in a DLT-based environment, utilizing Atomic Swaps for clearing and settlement while offering custodial and non-custodial models. This collaboration supports Assetera’s listing process by providing industry benchmarks and independent risk assessments by Particula, helping investors make informed decisions and compare different investment offerings.
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German State to Issue €50M Digital Commercial Paper
The finance ministry of Saxony-Anhalt has issued €50 million in commercial paper using Deutsche Börse’s Clearstream D7 platform as part of the European Central Bank’s (ECB) wholesale DLT settlement trials. Natwest acted as dealer, and DekaBank was the investor.
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The finance ministry of Saxony-Anhalt has issued €50 million in commercial paper using Deutsche Börse’s Clearstream D7 platform as part of the European Central Bank’s (ECB) wholesale DLT settlement trials. Natwest acted as dealer, and DekaBank was the investor.
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ParaFi to Tokenize Fund on Securitize Platform with Avalanche
The asset management firm with over $1 billion in assets has partnered with Securitize to tokenize an interest in one of its venture funds on the Avalanche blockchain. This move also expands investor access to ParaFi’s venture strategy, with future trading and borrowing capabilities available on Securitize Markets.
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The asset management firm with over $1 billion in assets has partnered with Securitize to tokenize an interest in one of its venture funds on the Avalanche blockchain. This move also expands investor access to ParaFi’s venture strategy, with future trading and borrowing capabilities available on Securitize Markets.
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Binance Labs to Back OpenEden to Boost Asset Tokenization
OpenEden's TBILL product, backed by US Treasury Bills, offers daily liquidity and appeals to DAOs and crypto treasury managers. With backing from both Binance Labs and Ripple, OpenEden is set to broaden its product offerings as the tokenized US Treasury market grows in popularity.
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OpenEden's TBILL product, backed by US Treasury Bills, offers daily liquidity and appeals to DAOs and crypto treasury managers. With backing from both Binance Labs and Ripple, OpenEden is set to broaden its product offerings as the tokenized US Treasury market grows in popularity.
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Janus to Actively Step Into Tokenization Sector
Janus Henderson, the $360 billion asset manager is joining the trend of securities tokenization by a sub-advisor within the $37M Anemoy Liquid Treasury Fund, which invests in US Treasury bills. Following similar moves by BlackRock, Fidelity, and Franklin Templeton, Janus aims to position itself on the market.
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Janus Henderson, the $360 billion asset manager is joining the trend of securities tokenization by a sub-advisor within the $37M Anemoy Liquid Treasury Fund, which invests in US Treasury bills. Following similar moves by BlackRock, Fidelity, and Franklin Templeton, Janus aims to position itself on the market.
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Tokeniza to Launch First Funding Round on Blocksquare’s to Tokenize Non-Performing Loans
The platform focused on tokenizing non-performing loans (NPLs) has launched its first funding round on the Oceanpoint RWA Launchpad. Tokeniza’s marketplace will allow users to invest in NPLs backed by real estate assets, targeting returns over 13%.
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The platform focused on tokenizing non-performing loans (NPLs) has launched its first funding round on the Oceanpoint RWA Launchpad. Tokeniza’s marketplace will allow users to invest in NPLs backed by real estate assets, targeting returns over 13%.
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Report: Castle Island Ventures to Release New Stablecoin Report
Castle Island Ventures, in partnership with Brevan Howard Digital, and Visa, released a comprehensive report on stablecoins, highlighting their explosive growth and revealing that stablecoins are increasingly being used for savings in US dollars, especially in high-inflation countries like Nigeria, where people seek to protect their savings from devaluation.
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Castle Island Ventures, in partnership with Brevan Howard Digital, and Visa, released a comprehensive report on stablecoins, highlighting their explosive growth and revealing that stablecoins are increasingly being used for savings in US dollars, especially in high-inflation countries like Nigeria, where people seek to protect their savings from devaluation.
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Matrixdock to Launch Gold Token XAUm
The digital assets platform owned by Matrixport has launched XAUm, a gold-backed token representing one troy ounce of physical gold with 99.99% purity. Backed by LBMA-standard gold, XAUm integrates blockchain technology for secure and flexible gold ownership, allowing users to redeem physical gold in Hong Kong and Singapore. The token supports cross-chain functionality, enhancing its utility across Ethereum and BNB Chain.
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The digital assets platform owned by Matrixport has launched XAUm, a gold-backed token representing one troy ounce of physical gold with 99.99% purity. Backed by LBMA-standard gold, XAUm integrates blockchain technology for secure and flexible gold ownership, allowing users to redeem physical gold in Hong Kong and Singapore. The token supports cross-chain functionality, enhancing its utility across Ethereum and BNB Chain.
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Tokenized RWAs (Excl. Stablecoins) to Hit $12B Market Value
The market value of on-chain real-world assets, excluding stablecoins, has surpassed $12 billion, signaling strong investor interest according to Binance Research. Tokenized assets, such as real estate, government bonds, and carbon credits, enable fractional ownership and streamlined settlement processes. The on-chain credit market, worth $9 billion, is also gaining traction, with significant contributions from companies like Figure.
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The market value of on-chain real-world assets, excluding stablecoins, has surpassed $12 billion, signaling strong investor interest according to Binance Research. Tokenized assets, such as real estate, government bonds, and carbon credits, enable fractional ownership and streamlined settlement processes. The on-chain credit market, worth $9 billion, is also gaining traction, with significant contributions from companies like Figure.
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Galaxy Digital: "Every" Major Asset Manager Working on Tokenization
During Barclays Annual Global Financial Services Conference on 11 September 2024 in New York, Galaxy Digital CEO Mike Novogratz highlighted the rapid adoption of tokenized funds by asset managers, stating that every manager they’ve spoken to is "frantically" working on tokenizing a fund. Novogratz also expects private funds to increasingly move on-chain, though liquidity challenges remain.
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During Barclays Annual Global Financial Services Conference on 11 September 2024 in New York, Galaxy Digital CEO Mike Novogratz highlighted the rapid adoption of tokenized funds by asset managers, stating that every manager they’ve spoken to is "frantically" working on tokenizing a fund. Novogratz also expects private funds to increasingly move on-chain, though liquidity challenges remain.
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40+ Firms to Join Project Agorá for Tokenized Cross-Border Payments Exploration
The Bank for International Settlements (BIS) announced that over 40 financial firms will join its Project Agorá to explore how tokenization can improve wholesale cross-border payments. The project will focus on integrating tokenized commercial bank deposits with tokenized central bank money.
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The Bank for International Settlements (BIS) announced that over 40 financial firms will join its Project Agorá to explore how tokenization can improve wholesale cross-border payments. The project will focus on integrating tokenized commercial bank deposits with tokenized central bank money.
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Hedera to Launch “Asset Tokenization Studio”, Focusing on Digital Securities
Hedera has launched an "all-in-one" Asset Tokenization Studio to simplify the tokenization of assets like bonds and equities. This open-source platform, backed by the HBAR Foundation, RedSwan, and others, is designed to accelerate digital securities adoption by providing issuers with pre-audited tools.
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Hedera has launched an "all-in-one" Asset Tokenization Studio to simplify the tokenization of assets like bonds and equities. This open-source platform, backed by the HBAR Foundation, RedSwan, and others, is designed to accelerate digital securities adoption by providing issuers with pre-audited tools.
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UK Finance & 11 Member Banks to Complete Experimental Phase of a Tokenization and CBDC Platform
Barclays, Citi UK, HSBC, Natwest and others have participated in the Regulated Liability Network (RLN) test. The platform could deliver economic benefits and enable new features like programmable payments. The RLN aims to enhance payments and settlement capabilities, and its core includes a multi-issuer tokenization platform and an API layer for interoperability.
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Barclays, Citi UK, HSBC, Natwest and others have participated in the Regulated Liability Network (RLN) test. The platform could deliver economic benefits and enable new features like programmable payments. The RLN aims to enhance payments and settlement capabilities, and its core includes a multi-issuer tokenization platform and an API layer for interoperability.
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Centrifuge to List the Anemoy Liquid Treasury Fund on Archax
Anemoy & Centrifuge have partnered with Archax, the UK’s first regulated digital securities exchange, to list the Liquid Treasury Fund (LTF) on its platform. Managed by Janus Henderson Investors, the LTF provides Archax users direct access to US Treasury bills through tokenization, broadening distribution for tokenized assets.
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Anemoy & Centrifuge have partnered with Archax, the UK’s first regulated digital securities exchange, to list the Liquid Treasury Fund (LTF) on its platform. Managed by Janus Henderson Investors, the LTF provides Archax users direct access to US Treasury bills through tokenization, broadening distribution for tokenized assets.
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Fintech Giant Revolut to Plan Its Own Stablecoin
The London-based fintech valued at $45 billion is planning to issue its own stablecoin as part of its expanding crypto offerings, according to sources familiar with the matter. The company, which recently obtained a U.K. banking license, aims to take a compliance-first approach, positioning itself as a safe harbor for the crypto community.
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The London-based fintech valued at $45 billion is planning to issue its own stablecoin as part of its expanding crypto offerings, according to sources familiar with the matter. The company, which recently obtained a U.K. banking license, aims to take a compliance-first approach, positioning itself as a safe harbor for the crypto community.
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