WisdomTree to Unveil RWA Tokenization Platform
The platform aimed at businesses and institutions complements WisdomTree Prime, the company’s retail digital app, and allows users to purchase tokenized funds with U.S. dollars or the USDC stablecoin. Initially using the Ethereum blockchain, WisdomTree Connect enables crypto-native institutions to access traditional financial products like money market funds via blockchain.
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The platform aimed at businesses and institutions complements WisdomTree Prime, the company’s retail digital app, and allows users to purchase tokenized funds with U.S. dollars or the USDC stablecoin. Initially using the Ethereum blockchain, WisdomTree Connect enables crypto-native institutions to access traditional financial products like money market funds via blockchain.
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⭕️ Alert: Ethena Platform Compromised [RESOLVED]
The website frontend of the Ethena synthetic dollar protocol built on Ethereum was compromised. Do not interact with any Ethena-related links until resolved.
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The website frontend of the Ethena synthetic dollar protocol built on Ethereum was compromised. Do not interact with any Ethena-related links until resolved.
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APAC Region to See Surge in Real Estate Tokenization
The Asia-Pacific (APAC) region is seeing a surge in real estate tokenization projects, transforming the market by making property investment more accessible and inclusive, according to GlobalData. Recent projects include Japan’s first real estate security token offering and Singapore's ADDX platform expanding to new regions.
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The Asia-Pacific (APAC) region is seeing a surge in real estate tokenization projects, transforming the market by making property investment more accessible and inclusive, according to GlobalData. Recent projects include Japan’s first real estate security token offering and Singapore's ADDX platform expanding to new regions.
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EMURGO and Kinka Gold to Launch Tokenized Gold Token
Cardano is set to see its first gold-backed token to launch through a partnership between EMURGO and Kinka Gold, a subsidiary of Japan-based neo-finance services firm. The XNK token will be backed by premium Japanese gold, adhering to the highest LBMA standards, and stored in global vaults.
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Cardano is set to see its first gold-backed token to launch through a partnership between EMURGO and Kinka Gold, a subsidiary of Japan-based neo-finance services firm. The XNK token will be backed by premium Japanese gold, adhering to the highest LBMA standards, and stored in global vaults.
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U.S. State Wyoming to Plan Dollar-Backed Stablecoin
By early 2025, aiming to lower consumer payment costs through blockchain, Wyoming plans to launch its own Stablecoin. The Wyoming Stable Token Commission will oversee the project, which is backed by $5.8 million in state investment. The stablecoin will be backed 102% by US dollars and short-term treasuries, with interest generated from reserves benefiting public schools.
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By early 2025, aiming to lower consumer payment costs through blockchain, Wyoming plans to launch its own Stablecoin. The Wyoming Stable Token Commission will oversee the project, which is backed by $5.8 million in state investment. The stablecoin will be backed 102% by US dollars and short-term treasuries, with interest generated from reserves benefiting public schools.
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Fnality and Ownera to Partner DLT-Based Payment System and Tokenized Assets
The partnership is enabling seamless and scalable interoperability between Fnality’s Distributed Ledger Technology (DLT)-based payment systems and tokenized assets across public and private ledgers. This allows institutions using Ownera’s Router to offer clients direct access to Fnality Payment System (FnPS) for payments, repos, and collateral mobility, enhancing liquidity and efficiency in financial markets.
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The partnership is enabling seamless and scalable interoperability between Fnality’s Distributed Ledger Technology (DLT)-based payment systems and tokenized assets across public and private ledgers. This allows institutions using Ownera’s Router to offer clients direct access to Fnality Payment System (FnPS) for payments, repos, and collateral mobility, enhancing liquidity and efficiency in financial markets.
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Standard Chartered Ventures-backed SWIAT and Olea to Partner for Tokenized Trade Finance
With DekaBank funding the first tokenized trade receivable, the partnership enables Olea to issue digital assets and tap into alternative funding sources, enhancing liquidity in trade finance. Olea recently secured a capital markets license in Singapore, further solidifying its role in the tokenization of trade finance.
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With DekaBank funding the first tokenized trade receivable, the partnership enables Olea to issue digital assets and tap into alternative funding sources, enhancing liquidity in trade finance. Olea recently secured a capital markets license in Singapore, further solidifying its role in the tokenization of trade finance.
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Figure Markets to Announce Global Launch Featuring 8% Yield Opportunity
Figure Markets has launched a new global crypto exchange based in the Cayman Islands, offering users up to 8% annualized yield on cash and stablecoin balances, with U.S. users earning up to 3% on USD balances at an FDIC-insured bank.
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Figure Markets has launched a new global crypto exchange based in the Cayman Islands, offering users up to 8% annualized yield on cash and stablecoin balances, with U.S. users earning up to 3% on USD balances at an FDIC-insured bank.
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HSBC to Trial Quantum Technology for Tokenized Gold
To ensure the security of tokenized gold in a future quantum computing world, HSBC partnered with Quantinuum to implement post-quantum cryptography (PQC). This tackles potential threats posed by quantum computing, which could undermine current cryptographic standards. HSBC successfully tested the secure transfer of tokenized gold across different networks using PQC, demonstrating its commitment to future-proof cybersecurity.
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To ensure the security of tokenized gold in a future quantum computing world, HSBC partnered with Quantinuum to implement post-quantum cryptography (PQC). This tackles potential threats posed by quantum computing, which could undermine current cryptographic standards. HSBC successfully tested the secure transfer of tokenized gold across different networks using PQC, demonstrating its commitment to future-proof cybersecurity.
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SingularityDAO & Cogito to Launch AI-Driven Vaults for RWAs
This partnership will bring tokenized U.S. Treasury Bills, green bonds, and tech-focused assets into SingularityDAO’s v2 DynaVaults, providing secure, diversified, and low-risk investment options and allowing investors to benefit from AI-driven portfolio management while accessing high-quality returns with minimal risk.
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This partnership will bring tokenized U.S. Treasury Bills, green bonds, and tech-focused assets into SingularityDAO’s v2 DynaVaults, providing secure, diversified, and low-risk investment options and allowing investors to benefit from AI-driven portfolio management while accessing high-quality returns with minimal risk.
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Securitize to Partner with Wormhole for Cross-Chain RWA Transfers
BlackRock's Tokenization Partner Securitize has partnered with Wormhole to enable cross-chain transfers for all tokenized assets on its platform, allowing BlackRock’s BUIDL fund, and all others, to move across different blockchains. By integrating Wormhole’s interoperability infrastructure, Securitize aims to expand the tokenized assets ecosystem and facilitate institutional adoption.
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BlackRock's Tokenization Partner Securitize has partnered with Wormhole to enable cross-chain transfers for all tokenized assets on its platform, allowing BlackRock’s BUIDL fund, and all others, to move across different blockchains. By integrating Wormhole’s interoperability infrastructure, Securitize aims to expand the tokenized assets ecosystem and facilitate institutional adoption.
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Societe Generale to Expands EURCV Stablecoin to Solana
SG Forge, the crypto unit of Societe Generale, has launched its Euro-pegged stablecoin, EUR CoinVertible (EURCV), on the Solana blockchain. After its initial release on Ethereum last year, the move to Solana offers users faster, more efficient access to decentralized finance (DeFi) with ultra-low fees and high scalability.
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SG Forge, the crypto unit of Societe Generale, has launched its Euro-pegged stablecoin, EUR CoinVertible (EURCV), on the Solana blockchain. After its initial release on Ethereum last year, the move to Solana offers users faster, more efficient access to decentralized finance (DeFi) with ultra-low fees and high scalability.
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Franklin Templeton to Plan Launch of Mutual Fund on Solana
With $1.3 trillion in assets under management, FT announced plans to launch a mutual fund on the Solana blockchain during the Solana Breakpoint 2024 event in Singapore. This move follows the firm’s earlier focus on Solana and its involvement in Bitcoin and Ethereum ETFs. Citibank has also shown interest in Solana’s potential for money transfers and smart contracts.
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With $1.3 trillion in assets under management, FT announced plans to launch a mutual fund on the Solana blockchain during the Solana Breakpoint 2024 event in Singapore. This move follows the firm’s earlier focus on Solana and its involvement in Bitcoin and Ethereum ETFs. Citibank has also shown interest in Solana’s potential for money transfers and smart contracts.
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Swiss-based SCRYPT to Partner with OpenTrade
Crypto asset services provider SCRYPT has partnered with OpenTrade to offer clients the ability to invest in tokenized US Treasury Bills and EU Government Bonds using USDC and EURC. The product offers daily payouts on money market returns and withdrawals within 48 hours, operating in a compliant and secure environment.
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Crypto asset services provider SCRYPT has partnered with OpenTrade to offer clients the ability to invest in tokenized US Treasury Bills and EU Government Bonds using USDC and EURC. The product offers daily payouts on money market returns and withdrawals within 48 hours, operating in a compliant and secure environment.
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Korea to Prepare for Tokenized Deposit Pilot Aiming for 100K Users
Later this year, 100,000 individuals will participate in large-scale pilots of tokenized deposits, which are likened to using vouchers. The trials, set to begin by the end of the year, will involve six major commercial banks, with participants using the deposit tokens to purchase goods at convenience stores.
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Later this year, 100,000 individuals will participate in large-scale pilots of tokenized deposits, which are likened to using vouchers. The trials, set to begin by the end of the year, will involve six major commercial banks, with participants using the deposit tokens to purchase goods at convenience stores.
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21X and Apex Group to Forge Strategic Partnership
21X, set to become the first DLT-enabled exchange regulated by the European Securities Market Authority (ESMA), has announced a partnership with Apex Group to allow Apex's clients to list tokenized securities on 21X, offering a comprehensive service for asset managers and financial institutions.
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21X, set to become the first DLT-enabled exchange regulated by the European Securities Market Authority (ESMA), has announced a partnership with Apex Group to allow Apex's clients to list tokenized securities on 21X, offering a comprehensive service for asset managers and financial institutions.
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36 Industry Leaders to Compete in MakerDAO's $1 Billion Spark Tokenization Grand Prix
The application phase for MakerDAO's $1 billion Spark Tokenization Grand Prix has concluded, drawing significant interest from 36 industry players, including major financial institutions like Societe Generale, Franklin Templeton, Sygnum Bank, and WisdomTree, as well as notable startups such as Hashnote, Ondo Finance, and Anemoy, primarily focused on short-duration US T-Bills.
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The application phase for MakerDAO's $1 billion Spark Tokenization Grand Prix has concluded, drawing significant interest from 36 industry players, including major financial institutions like Societe Generale, Franklin Templeton, Sygnum Bank, and WisdomTree, as well as notable startups such as Hashnote, Ondo Finance, and Anemoy, primarily focused on short-duration US T-Bills.
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JPM Coin Used to Settle Digital Commercial Paper on SWIAT Blockchain
In a process that just took 93 seconds, JP Morgan’s coin was used to settle a digital commercial paper issuance by Siemens on the SWIAT blockchain. The €100,000 issuance, completed under Germany’s crypto security laws, marked a significant milestone in blockchain-based financial transactions, leveraging JP Morgan’s Onyx platform for synchronized settlement.
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In a process that just took 93 seconds, JP Morgan’s coin was used to settle a digital commercial paper issuance by Siemens on the SWIAT blockchain. The €100,000 issuance, completed under Germany’s crypto security laws, marked a significant milestone in blockchain-based financial transactions, leveraging JP Morgan’s Onyx platform for synchronized settlement.
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DTCC Pilot to Highlight 'Significant' Improvements Using Tokenization
The Depository Trust & Clearing Corporation (DTCC) recently completed its U.S. Treasury Collateral Network tokenization pilot, finding "robust functionality and potential" for using distributed networks in financial transactions. It successfully demonstrated that tokenized assets could optimize collateral and improve liquidity and collateral management.
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The Depository Trust & Clearing Corporation (DTCC) recently completed its U.S. Treasury Collateral Network tokenization pilot, finding "robust functionality and potential" for using distributed networks in financial transactions. It successfully demonstrated that tokenized assets could optimize collateral and improve liquidity and collateral management.
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InvestaX to Partner with OpenTrade to Launch ‘InvestaX Earn’ Product
The Singapore-based real-world asset tokenization platform has launched "InvestaX Earn" in collaboration with OpenTrade. This new product allows qualified investors to earn stable returns on their USDC holdings, backed by high-quality liquid assets like U.S. Treasury Bills. InvestaX Earn offers daily interest accrual, flexibility in withdrawals, and secure asset management through OpenTrade's infrastructure.
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The Singapore-based real-world asset tokenization platform has launched "InvestaX Earn" in collaboration with OpenTrade. This new product allows qualified investors to earn stable returns on their USDC holdings, backed by high-quality liquid assets like U.S. Treasury Bills. InvestaX Earn offers daily interest accrual, flexibility in withdrawals, and secure asset management through OpenTrade's infrastructure.
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Assetera to Launch Secondary Tokenized RWA Market on Polygon
Regulated by the Austrian Financial Market Authority, Assetera offers tokenized financial instruments, incl. securities, money market instruments, fund units, derivatives, and RWAs like real estate and art. Utilizing stablecoins for purchases, clearing, and settlement through atomic swaps, the platform also holds a comprehensive MiFID II license and a virtual asset service provider (VASP) license, ensuring compliance amidst evolving EU regulations on digital assets.
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Regulated by the Austrian Financial Market Authority, Assetera offers tokenized financial instruments, incl. securities, money market instruments, fund units, derivatives, and RWAs like real estate and art. Utilizing stablecoins for purchases, clearing, and settlement through atomic swaps, the platform also holds a comprehensive MiFID II license and a virtual asset service provider (VASP) license, ensuring compliance amidst evolving EU regulations on digital assets.
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