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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Visa to Help Banks Issue Fiat-Backed Tokens on Ethereum Via New Tokenized Asset Platform
The Visa Tokenized Asset Platform (VTAP) enables the creation of fiat-backed tokens powered by smart contracts, allowing banks to digitize and automate processes for the exchange of real-world assets (RWAs) such as commodities or bonds with near-real-time settlement. Spanish bank BBVA will be one of the first institutions to pilot this platform, with a launch expected in 2025.
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The Visa Tokenized Asset Platform (VTAP) enables the creation of fiat-backed tokens powered by smart contracts, allowing banks to digitize and automate processes for the exchange of real-world assets (RWAs) such as commodities or bonds with near-real-time settlement. Spanish bank BBVA will be one of the first institutions to pilot this platform, with a launch expected in 2025.
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21X to Announce Strategic Partnership with SBI Digital Markets
SBIDM will list tokenized assets, including ETNs and ETFs, on 21X’s blockchain-based trading and settlement system. This marks the first time tokenized securities will be traded on an EU-regulated exchange, opening new investment corridors between Asia and Europe.
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SBIDM will list tokenized assets, including ETNs and ETFs, on 21X’s blockchain-based trading and settlement system. This marks the first time tokenized securities will be traded on an EU-regulated exchange, opening new investment corridors between Asia and Europe.
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Ethena to Launch New Stablecoin Backed by BlackRock’s BUIDL
Ethena Labs is developing a new stablecoin, UStb, backed by BlackRock’s tokenized USD Institutional Digital Liquidity Fund. This new product will exist separately from Ethena's synthetic stablecoin, USDe, offering a different risk profile. Ethena aims to integrate UStb to benefit USDe during weak funding conditions, potentially reallocating backing assets if necessary.
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Ethena Labs is developing a new stablecoin, UStb, backed by BlackRock’s tokenized USD Institutional Digital Liquidity Fund. This new product will exist separately from Ethena's synthetic stablecoin, USDe, offering a different risk profile. Ethena aims to integrate UStb to benefit USDe during weak funding conditions, potentially reallocating backing assets if necessary.
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TAC to Announce New Member Cohort and Release of 2024 State of Tokenization Report
The Tokenized Asset Coalition (TAC) released its second State of Tokenization Report, highlighting industry insights and welcoming 21 new members, bringing its total to over 40. The report covers regulation, institutional adoption, and innovations, noting that tokenized assets could reach $2-30 trillion in the next decade. Currently, tokenized assets are valued at $176 billion.
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The Tokenized Asset Coalition (TAC) released its second State of Tokenization Report, highlighting industry insights and welcoming 21 new members, bringing its total to over 40. The report covers regulation, institutional adoption, and innovations, noting that tokenized assets could reach $2-30 trillion in the next decade. Currently, tokenized assets are valued at $176 billion.
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Velo Labs to Select OpenEden's Tokenized U.S. Treasury Bills as Reserves for its USDV
Velo Labs is integrating OpenEden's tokenized U.S. Treasury bills (TBILL) as reserve collateral for USDV, enhancing its stability and offering new yield opportunities for holders. The move introduces institutional-grade assets into USDV’s reserves, part of Velo's "Real World Restaking" initiative, providing users with stable, secure yields. More about TBILL.
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Velo Labs is integrating OpenEden's tokenized U.S. Treasury bills (TBILL) as reserve collateral for USDV, enhancing its stability and offering new yield opportunities for holders. The move introduces institutional-grade assets into USDV’s reserves, part of Velo's "Real World Restaking" initiative, providing users with stable, secure yields. More about TBILL.
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Australian Bank ANZ to Join Singapore's Project Guardian
ANZ joins Project Guardian and partners with Chainlink Labs & ADDX, aiming to move its Australian dollar-backed A$DC stablecoin between blockchains.
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ANZ joins Project Guardian and partners with Chainlink Labs & ADDX, aiming to move its Australian dollar-backed A$DC stablecoin between blockchains.
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Taurus and Aktionariat AG to Enable Trading of Tokenized Shares
Together, they enable trading of Ethereum-based tokenized shares on the Taurus Digital Exchange (TDX) while increasing liquidity for tokenized SMEs. The collaboration goes live in November, starting with companies like RealUnit Schweiz AG.
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Together, they enable trading of Ethereum-based tokenized shares on the Taurus Digital Exchange (TDX) while increasing liquidity for tokenized SMEs. The collaboration goes live in November, starting with companies like RealUnit Schweiz AG.
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Tokeny to Tokenize $4.6 Billion in Gold Reserves
AMA-AMBIOGEO has tokenized $4.6 billion in gold reserves using Tokeny’s technology, allowing investors fractional ownership without physical extraction. The Supernova Project in Brazil is the first venture, leveraging the ERC-3643 standard for secure and compliant digital securities.
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AMA-AMBIOGEO has tokenized $4.6 billion in gold reserves using Tokeny’s technology, allowing investors fractional ownership without physical extraction. The Supernova Project in Brazil is the first venture, leveraging the ERC-3643 standard for secure and compliant digital securities.
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Guggenheim Treasury to Tokenize $20M Commercial Paper on Ethereum
This tokenization was carried out through Zeconomy’s AmpFi Digital platform, enabling on-chain trading and settlements. The digital commercial paper, rated P-1 by Moody’s, mirrors traditional over-the-counter market trades but in fractionalized form.
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This tokenization was carried out through Zeconomy’s AmpFi Digital platform, enabling on-chain trading and settlements. The digital commercial paper, rated P-1 by Moody’s, mirrors traditional over-the-counter market trades but in fractionalized form.
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Paxos Gold to Hit $500M Milestone
Paxos Gold (PAXG), a token backed by physical gold, has surpassed $500 million in total locked value (TVL) since its launch in July. Each PAXG token represents one troy ounce of London Good Delivery gold, offering investors a stable asset through blockchain technology.
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Paxos Gold (PAXG), a token backed by physical gold, has surpassed $500 million in total locked value (TVL) since its launch in July. Each PAXG token represents one troy ounce of London Good Delivery gold, offering investors a stable asset through blockchain technology.
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Digital-Asset Manager Kin to Launch $100M Tokenized Real Estate Fund
The $100 million tokenized real estate debt fund of Kin Capital is being launched on the Chintai blockchain and accessible to accredited investors with a $50,000 minimum. The fund offers a 14%-15% annual return, with quarterly distributions.
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The $100 million tokenized real estate debt fund of Kin Capital is being launched on the Chintai blockchain and accessible to accredited investors with a $50,000 minimum. The fund offers a 14%-15% annual return, with quarterly distributions.
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UK to Open Applications for Digital Securities Sandbox
The five-year Digital Securities Sandbox (DSS) will allow temporary relaxation of certain legal requirements to explore digital ledger technologies (DLT). The DSS, managed by the Bank of England and FCA, aims to integrate trading and settlement functions traditionally handled separately. The sandbox includes assets like equities, bonds, and money market instruments but excludes derivatives and cryptocurrencies.
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The five-year Digital Securities Sandbox (DSS) will allow temporary relaxation of certain legal requirements to explore digital ledger technologies (DLT). The DSS, managed by the Bank of England and FCA, aims to integrate trading and settlement functions traditionally handled separately. The sandbox includes assets like equities, bonds, and money market instruments but excludes derivatives and cryptocurrencies.
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