Digital Asset, Euroclear and World Gold Council to Conduct Pilot Project
Digital Asset completed a pilot using the Canton Network protocol to tokenize U.K. bonds (gilts), Eurobonds, and gold for financial transactions. The initiative, involving Euroclear, the World Gold Council, and Clifford Chance, demonstrated the instant use of tokenized assets for intraday margin calls, bypassing traditional settlement delays. Tokenized gold, converted into "Standard Gold Units," allowed it to be used more freely as collateral without storage limitations, enhancing transaction speed and transparency.
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Digital Asset completed a pilot using the Canton Network protocol to tokenize U.K. bonds (gilts), Eurobonds, and gold for financial transactions. The initiative, involving Euroclear, the World Gold Council, and Clifford Chance, demonstrated the instant use of tokenized assets for intraday margin calls, bypassing traditional settlement delays. Tokenized gold, converted into "Standard Gold Units," allowed it to be used more freely as collateral without storage limitations, enhancing transaction speed and transparency.
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Franklin Templeton's On-chain Money Market Fund to Launch on Aptos
FOBXX has been launched on the Aptos blockchain, marking its fifth network integration after Stellar, Polygon, Arbitrum, and Avalanche. Represented by the BENJI token, the fund invests in low-risk U.S. government securities. FOBXX remains the second-largest tokenized government securities fund, following BlackRock’s BUIDL.
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FOBXX has been launched on the Aptos blockchain, marking its fifth network integration after Stellar, Polygon, Arbitrum, and Avalanche. Represented by the BENJI token, the fund invests in low-risk U.S. government securities. FOBXX remains the second-largest tokenized government securities fund, following BlackRock’s BUIDL.
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BBVA to Plan Launch of Visa-backed Stablecoin in 2025
The stablecoin's backing, whether by deposits, money market funds, or fiat currencies like the euro, is still undecided. BBVA aims to use the stablecoin as a settlement layer on exchanges, leveraging the trend of asset tokenization. The bank, focusing on the euro, will handle the mint and burn mechanism for integration into crypto ecosystems. BBVA’s U.S. market entry is not planned in the near term.
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The stablecoin's backing, whether by deposits, money market funds, or fiat currencies like the euro, is still undecided. BBVA aims to use the stablecoin as a settlement layer on exchanges, leveraging the trend of asset tokenization. The bank, focusing on the euro, will handle the mint and burn mechanism for integration into crypto ecosystems. BBVA’s U.S. market entry is not planned in the near term.
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Credbull to Roll Out Up to $500M Private Credit Fund with Fixed High Yield on Plume Network
Credbull is launching LiquidStone, a fixed-yield credit facility on the Plume Network, with an initial cap of $100 million and plans to expand to $500 million by Q1 2025. The facility offers a 30-day fixed 10% annualized yield initially, increasing to a 90-day 15% yield next year.
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Credbull is launching LiquidStone, a fixed-yield credit facility on the Plume Network, with an initial cap of $100 million and plans to expand to $500 million by Q1 2025. The facility offers a 30-day fixed 10% annualized yield initially, increasing to a 90-day 15% yield next year.
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Hilbert Capital's V1 Fund to be Tokenized by Fortunafi on Coinbase's Base
The V1 Fund employs an algorithmic market-neutral strategy for absolute returns in crypto markets. This collaboration aims to leverage blockchain for DeFi-structured yield products, offering a decentralized approach to asset sourcing and expanding Fortunafi's reach in tokenizing real-world assets.
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The V1 Fund employs an algorithmic market-neutral strategy for absolute returns in crypto markets. This collaboration aims to leverage blockchain for DeFi-structured yield products, offering a decentralized approach to asset sourcing and expanding Fortunafi's reach in tokenizing real-world assets.
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EURC to Become Largest Euro Stablecoin by Market Cap
EURC has surged to >$75M market cap since its launch. Users can now convert EURC to EUR 1:1 without fees on Coinbase, trade EURC<>USDC on-chain via Aerodrome Finance, and send EURC globally with zero fees using Coinbase's self-custody wallet.
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EURC has surged to >$75M market cap since its launch. Users can now convert EURC to EUR 1:1 without fees on Coinbase, trade EURC<>USDC on-chain via Aerodrome Finance, and send EURC globally with zero fees using Coinbase's self-custody wallet.
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CFTC to Consider DLT Based Collateral – Report
If approved, funds like BlackRock’s BUIDL and Franklin Templeton’s FOBXX could serve as collateral, allowing instant transfers and reduced risk. However, permissioned blockchains are preferred due to current banking regulations on permissionless blockchain risks.
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If approved, funds like BlackRock’s BUIDL and Franklin Templeton’s FOBXX could serve as collateral, allowing instant transfers and reduced risk. However, permissioned blockchains are preferred due to current banking regulations on permissionless blockchain risks.
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Malaysia's Securities Commission to Unveil Initiatives to Drive Security Tokenization
This includes a regulatory sandbox for fintech experimentation, a streamlined framework for security token offerings (STOs), and collaboration with Khazanah Nasional to explore tokenized bonds.
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This includes a regulatory sandbox for fintech experimentation, a streamlined framework for security token offerings (STOs), and collaboration with Khazanah Nasional to explore tokenized bonds.
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Coinbase to Delist Unauthorized Stablecoins in EU by December
Coinbase will de-list unauthorized stablecoins in the EU by December 30 to comply with the EU's Markets in Crypto Assets (MiCA) rules, which require firms to be authorized in at least one EU country. Affected customers have options to switch to authorized stablecoins like Circle's USDC and EURC.
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Coinbase will de-list unauthorized stablecoins in the EU by December 30 to comply with the EU's Markets in Crypto Assets (MiCA) rules, which require firms to be authorized in at least one EU country. Affected customers have options to switch to authorized stablecoins like Circle's USDC and EURC.
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Truflation to Power Sphinx’s DeFi Market with RWA Solutions
The collaboration will use Truflation’s data feeds to provide accurate pricing for RWAs, expanding Sphinx's offerings to include commodities, real estate, and more. Moreover, Truflation recently launched a Hedge Index to protect investments against inflation, featuring assets like gold, silver, and Bitcoin.
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The collaboration will use Truflation’s data feeds to provide accurate pricing for RWAs, expanding Sphinx's offerings to include commodities, real estate, and more. Moreover, Truflation recently launched a Hedge Index to protect investments against inflation, featuring assets like gold, silver, and Bitcoin.
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ABN AMRO Bank to Issue Its First Tokenized Commercial Paper
Worth EUR 1.1 million, the commercial paper launched on a private blockchain operated by Clearstream Luxembourg. The one-month maturity issuance was settled using a Central Bank Digital Currency (CBDC) managed by Banque de France.
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Worth EUR 1.1 million, the commercial paper launched on a private blockchain operated by Clearstream Luxembourg. The one-month maturity issuance was settled using a Central Bank Digital Currency (CBDC) managed by Banque de France.
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GnosisDAO to Surpass $3 Million Invested to Tokenized Treasury Bills
Through Centrifuge Prime, GnosisDAO invested in tokenized U.S. Treasury bills through the Anemoy Liquid Treasury Fund (LTF). This investment is part of GnosisDAO's $10 million pledge to diversify its treasury with real-world assets.
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Through Centrifuge Prime, GnosisDAO invested in tokenized U.S. Treasury bills through the Anemoy Liquid Treasury Fund (LTF). This investment is part of GnosisDAO's $10 million pledge to diversify its treasury with real-world assets.
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Particula to Assign A+ Rating to Anemoy's Liquid Treasury Fund $LTF
Particula has assigned an A+ rating to Anemoy's Liquid Treasury Fund 1 ($LTF) token as of September 9, 2024. The rating reflects its bankruptcy-remote structure, regulatory compliance, direct ownership of fund shares, strong transparency, and asset quality. However, it also notes legal, concentration, and counterparty risks. The report includes a peer comparison with products from Franklin Templeton, BlackRock, and others.
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Particula has assigned an A+ rating to Anemoy's Liquid Treasury Fund 1 ($LTF) token as of September 9, 2024. The rating reflects its bankruptcy-remote structure, regulatory compliance, direct ownership of fund shares, strong transparency, and asset quality. However, it also notes legal, concentration, and counterparty risks. The report includes a peer comparison with products from Franklin Templeton, BlackRock, and others.
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German Stock Exchange to Successfully Test On-Chain Securities Settlement
The Börse Stuttgart Group successfully tested blockchain-based securities settlement using central bank money as part of the European Central Bank's (ECB) trials. German banks, including Commerzbank, Deutsche Bank, and DZ Bank, participated. The test demonstrated faster settlement times—from two days to just minutes—through automated, near real-time transactions.
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The Börse Stuttgart Group successfully tested blockchain-based securities settlement using central bank money as part of the European Central Bank's (ECB) trials. German banks, including Commerzbank, Deutsche Bank, and DZ Bank, participated. The test demonstrated faster settlement times—from two days to just minutes—through automated, near real-time transactions.
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ECB to Share Vision of Tokenization to Support EU Digital Capital Markets Union
In yesterdays speech, ECB director Piero Cipollone proposed creating a European ledger to support tokenization in capital markets, merging digital assets like central and commercial bank money onto a shared, programmable platform. He emphasized the need for a Digital Capital Markets Union, noting risks such as market fragmentation and reliance on tokenized deposits if central bank cash isn't available.
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In yesterdays speech, ECB director Piero Cipollone proposed creating a European ledger to support tokenization in capital markets, merging digital assets like central and commercial bank money onto a shared, programmable platform. He emphasized the need for a Digital Capital Markets Union, noting risks such as market fragmentation and reliance on tokenized deposits if central bank cash isn't available.
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Midas to Acquire Regulatory Approval in Europe and Expand Tokenized Products to Retail
Midas has received regulatory approval in Liechtenstein to issue tokenized U.S. Treasury bills (mTbill) and yield-bearing carry trade products (mBasis), allowing access across Europe. The approval removes the $100,000 minimum investment and accreditation requirements, making the tokens available globally (except for the U.S. and sanctioned countries) with a streamlined one-click process.
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Midas has received regulatory approval in Liechtenstein to issue tokenized U.S. Treasury bills (mTbill) and yield-bearing carry trade products (mBasis), allowing access across Europe. The approval removes the $100,000 minimum investment and accreditation requirements, making the tokens available globally (except for the U.S. and sanctioned countries) with a streamlined one-click process.
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First Tokenized UCITS Money-Market Fund to Launch on Public Blockchain
CACEIS, the asset servicing banking group of Crédit Agricole, has launched the French UCITS money-market funds with units natively issued and delivered on Ethereum’s public blockchain. Spiko, specialized fund tokenization, and Twenty First Capital have partnered with CACEIS to handle custody of these tokenized assets. This innovation introduces a secure, regulated custody solution for tokenized fund shares in Europe.
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CACEIS, the asset servicing banking group of Crédit Agricole, has launched the French UCITS money-market funds with units natively issued and delivered on Ethereum’s public blockchain. Spiko, specialized fund tokenization, and Twenty First Capital have partnered with CACEIS to handle custody of these tokenized assets. This innovation introduces a secure, regulated custody solution for tokenized fund shares in Europe.
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South Korea to Plan Regulation for Cross-Border Stablecoin Transactions
The Ministry of Economy and Finance is reviewing measures to ensure stablecoin transaction soundness, as their use expands to global transfers. The Financial Services Commission (FSS) will discuss stablecoin regulations as part of the country's Virtual Asset User Protection Act and consult with international regulators, including Japan and the EU.
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The Ministry of Economy and Finance is reviewing measures to ensure stablecoin transaction soundness, as their use expands to global transfers. The Financial Services Commission (FSS) will discuss stablecoin regulations as part of the country's Virtual Asset User Protection Act and consult with international regulators, including Japan and the EU.
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Xalts to Onboard Polygon on Its Enterprise Grade RWA Tokenization Platform
Focused on enterprise institutions, this collaboration offers plug-and-play solutions for building blockchain applications in sectors like trade finance and treasury management. Xalts and Polygon have also joined the Qatar Financial Centre's Digital Assets Lab to explore real-world asset tokenization use cases.
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Focused on enterprise institutions, this collaboration offers plug-and-play solutions for building blockchain applications in sectors like trade finance and treasury management. Xalts and Polygon have also joined the Qatar Financial Centre's Digital Assets Lab to explore real-world asset tokenization use cases.
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Archax to Partner with Assetera to offer tokenized RWA in UK & Europe
Assetera will initially offer tokenized money-market funds from Abrdn, with more funds to follow. The collaboration integrates Archax’s UK-regulated exchange with Assetera’s decentralized finance market, enabling both primary sales and secondary trading of digital assets.
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Assetera will initially offer tokenized money-market funds from Abrdn, with more funds to follow. The collaboration integrates Archax’s UK-regulated exchange with Assetera’s decentralized finance market, enabling both primary sales and secondary trading of digital assets.
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State Street to Tokenize Money Market Funds as Collateral
State Street is focusing on tokenizing bonds and money market funds (MMFs) for collateral use, but has no immediate plans for tokenized deposits or a stablecoin, according to Donna Milrod, head of product. Tokenizing MMFs would allow them to be used as collateral without liquidation and support instant settlement. State Street aims to enhance collateral usage for intraday repo transactions.
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State Street is focusing on tokenizing bonds and money market funds (MMFs) for collateral use, but has no immediate plans for tokenized deposits or a stablecoin, according to Donna Milrod, head of product. Tokenizing MMFs would allow them to be used as collateral without liquidation and support instant settlement. State Street aims to enhance collateral usage for intraday repo transactions.
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