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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Tether to Celebrate 10 Years of Global Stablecoin Adoption
With USD₮ now holding a market cap nearing $120 billion and over 350 million users worldwide, Tether celebrates its 10 years anniversary. The company's extensive holdings in U.S. Treasuries further strengthen its role in global finance.
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With USD₮ now holding a market cap nearing $120 billion and over 350 million users worldwide, Tether celebrates its 10 years anniversary. The company's extensive holdings in U.S. Treasuries further strengthen its role in global finance.
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WisdomTree's Digital Money Market Fund to Be Used Everyday Spending
WTGXX can now be used for spending via the WisdomTree Prime Visa Debit Card. This "Earn-Until-You-Spend" model allows investors to earn a 4.6% yield on assets until they're spent, marking a significant step for tokenization in traditional finance. Unlike bank accounts, WTGXX isn't deposit-insured but is backed by government bonds.
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WTGXX can now be used for spending via the WisdomTree Prime Visa Debit Card. This "Earn-Until-You-Spend" model allows investors to earn a 4.6% yield on assets until they're spent, marking a significant step for tokenization in traditional finance. Unlike bank accounts, WTGXX isn't deposit-insured but is backed by government bonds.
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Helaba’s WIBank to Issue Registered Bond on Public Blockchain
WIBank, a German development bank owned by Helaba, issued a €5 million registered bond on a public blockchain as part of the Eurosystem's wholesale DLT settlement trials. The bond was settled using the Bundesbank's Trigger solution, enabling a delivery versus payment (DvP) transaction through the TARGET2 payment system. The transaction used the Polygon blockchain, with Bankhaus Metzler as the investor.
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WIBank, a German development bank owned by Helaba, issued a €5 million registered bond on a public blockchain as part of the Eurosystem's wholesale DLT settlement trials. The bond was settled using the Bundesbank's Trigger solution, enabling a delivery versus payment (DvP) transaction through the TARGET2 payment system. The transaction used the Polygon blockchain, with Bankhaus Metzler as the investor.
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Tradias to Receive BaFin Securities Trading Banking License
The German crypto market maker announced it has secured a securities trading banking license from BaFin, previously operating under its parent company, Bankhaus Scheich. The firm also closed its Series A funding round, with investments from family offices, bringing its equity above €10 million. Tradias provides crypto market making, OTC services, and tokenization, including tokenizing shares in Allianz Securicash SRI Fund on the Polygon blockchain.
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The German crypto market maker announced it has secured a securities trading banking license from BaFin, previously operating under its parent company, Bankhaus Scheich. The firm also closed its Series A funding round, with investments from family offices, bringing its equity above €10 million. Tradias provides crypto market making, OTC services, and tokenization, including tokenizing shares in Allianz Securicash SRI Fund on the Polygon blockchain.
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Hex Trust and Clearpool to Launch Ozean, a Blockchain for Real-World Asset Yield
The collaboration will leverage Hex Trust's fully licensed infrastructure and Clearpool's success in DeFi lending to enhance RWA liquidity. Ozean will use Hex Trust’s USDX stablecoin as both a native currency and gas token. The partnership also follows Ozean's recent deals with Velodrome and LayerZero to boost cross-chain liquidity and ecosystem growth.
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The collaboration will leverage Hex Trust's fully licensed infrastructure and Clearpool's success in DeFi lending to enhance RWA liquidity. Ozean will use Hex Trust’s USDX stablecoin as both a native currency and gas token. The partnership also follows Ozean's recent deals with Velodrome and LayerZero to boost cross-chain liquidity and ecosystem growth.
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Deribit to Introduce Hashnote's USYC As New Yield-Bearing Cross-Margin Collateral Option
The digital assets derivatives exchange has introduced the US Yield Coin (USYC) from Hashnote as a new yield-bearing cross-margin collateral option, starting October 8, 2024. USYC, an ERC-20 token backed by U.S. Government Securities, provides daily yield and low volatility. It enhances capital efficiency for traders on Deribit, allowing USYC as collateral for BTC, ETH, USDC, and USDT trades.
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The digital assets derivatives exchange has introduced the US Yield Coin (USYC) from Hashnote as a new yield-bearing cross-margin collateral option, starting October 8, 2024. USYC, an ERC-20 token backed by U.S. Government Securities, provides daily yield and low volatility. It enhances capital efficiency for traders on Deribit, allowing USYC as collateral for BTC, ETH, USDC, and USDT trades.
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Bitpanda to Offer EU-Regulated Security Token To Retail Investors
The European exchange has launched security tokens for retail investors, starting with Steelcoin. Founded in 2022, Steelcoin is a regulated security under EU law, representing 1,721.28 kilograms of steel. Issued on the Ethereum blockchain, it links its value directly to steel prices, with a 3% annual reduction in weight to account for risks and costs.
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The European exchange has launched security tokens for retail investors, starting with Steelcoin. Founded in 2022, Steelcoin is a regulated security under EU law, representing 1,721.28 kilograms of steel. Issued on the Ethereum blockchain, it links its value directly to steel prices, with a 3% annual reduction in weight to account for risks and costs.
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Citi to Launch Citi Token Services
The service offers 24/7 cross-border liquidity using Citi’s private, permissioned blockchain, streamlining payments and reducing costs. Citi Token Services also marked a milestone by facilitating pilot transactions for shipping agents, replacing traditional methods like letters of credit with smart contracts backed by tokenized cash, reducing transaction times from days to minutes.
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The service offers 24/7 cross-border liquidity using Citi’s private, permissioned blockchain, streamlining payments and reducing costs. Citi Token Services also marked a milestone by facilitating pilot transactions for shipping agents, replacing traditional methods like letters of credit with smart contracts backed by tokenized cash, reducing transaction times from days to minutes.
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