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.
- Link
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.
- Link
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.
- Link
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.
- Link
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.
- Link
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.
- Link
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.
- Link
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.
- Link
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.
- Link
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.
- Link
Ethena to Pick BlackRock's BUIDL, Mountain, Superstate and Sky's USDS for $46M Investment
Decentralized finance protocol Ethena, issuer of the $2.5 billion USDe "synthetic dollar," announced plans to invest its $46 million backup fund in tokenized assets from BlackRock's and Securitize's BUIDL, Mountain's USDM, Superstate's USTB, and Sky's USDS stablecoin. The fund will allocate $18 million to BUIDL, $13 million to USDS, $8 million to USDM, and $7 million to USTB.
- Link
Decentralized finance protocol Ethena, issuer of the $2.5 billion USDe "synthetic dollar," announced plans to invest its $46 million backup fund in tokenized assets from BlackRock's and Securitize's BUIDL, Mountain's USDM, Superstate's USTB, and Sky's USDS stablecoin. The fund will allocate $18 million to BUIDL, $13 million to USDS, $8 million to USDM, and $7 million to USTB.
- Link
State Street Global Advisors on Tokenization: Bonds Coming Soon
SSGA, managing $4.4 trillion in assets, published a report on the potential of tokenization across asset classes. The report highlights bonds as the asset class with the most near-term gains, followed by commodities and private equity.
- Link
SSGA, managing $4.4 trillion in assets, published a report on the potential of tokenization across asset classes. The report highlights bonds as the asset class with the most near-term gains, followed by commodities and private equity.
- Link
Blocksquare to Partner with FractioneX for Real Estate Tokenization on Ethereum
Using Blocksquare's tokenization infrastructure, FractioneX allows individuals to invest in fractional interests in properties, lowering the financial barrier to property ownership. The collaboration will initially offer properties in the UK, with plans to expand into commercial real estate.
- Link
Using Blocksquare's tokenization infrastructure, FractioneX allows individuals to invest in fractional interests in properties, lowering the financial barrier to property ownership. The collaboration will initially offer properties in the UK, with plans to expand into commercial real estate.
- Link
Argentina to Demonstrate Football Player Tokenization
The Argentine Football Association (AFA) has partnered with fintech startup Win Investments to tokenize player training rights, allowing fans to invest in their favorite players. The project leverages FIFA's solidarity mechanism and blockchain technology to create new revenue streams for clubs and democratize access to the player transfer market.
- Link
The Argentine Football Association (AFA) has partnered with fintech startup Win Investments to tokenize player training rights, allowing fans to invest in their favorite players. The project leverages FIFA's solidarity mechanism and blockchain technology to create new revenue streams for clubs and democratize access to the player transfer market.
- Link
Brazil to Explore Tokenization & DeFi with Drex CBDC
Brazil is expanding its central bank digital currency (CBDC), Drex, to include decentralized finance (DeFi) and tokenization, according to the country’s central bank. Drex, which has evolved since its pilot last year, aims to enhance financial inclusion and reduce transaction costs.
- Link
Brazil is expanding its central bank digital currency (CBDC), Drex, to include decentralized finance (DeFi) and tokenization, according to the country’s central bank. Drex, which has evolved since its pilot last year, aims to enhance financial inclusion and reduce transaction costs.
- Link
👍1
UAE to Approve First Dirham-Pegged Stablecoin
AE Coin, the UAE-regulated stablecoin issued by AED Stablecoin LLC, has received in-principle approval from the UAE Central Bank. Pegged to the Dirham, AE Coin aims to enhance payments and transactions in the region by offering a secure, blockchain-based alternative.
- Link
AE Coin, the UAE-regulated stablecoin issued by AED Stablecoin LLC, has received in-principle approval from the UAE Central Bank. Pegged to the Dirham, AE Coin aims to enhance payments and transactions in the region by offering a secure, blockchain-based alternative.
- Link
❤2
Market Opinion - Upfront Disclosures are Critical for Security Token Sector Reputation
Steelcoin, recently listed at Bitpanda, tracks the price of steel, but is actually not backed by physical steel. Instead, it's an unsecured liability of the issuer. If the issuer went bankrupt, investors would be last in line for repayment. Additionally, the value of Steelcoin declines by 3% annually, a fact not clearly highlighted on the Bitpanda and Steelcoin websites.
- Link
Steelcoin, recently listed at Bitpanda, tracks the price of steel, but is actually not backed by physical steel. Instead, it's an unsecured liability of the issuer. If the issuer went bankrupt, investors would be last in line for repayment. Additionally, the value of Steelcoin declines by 3% annually, a fact not clearly highlighted on the Bitpanda and Steelcoin websites.
- Link
👍2
BNP Paribas to Invest in Tokenization Startup Kriptown, DLT Pilot Regime Applicant
France's Kriptown, a blockchain-based crowdfunding platform, has raised $4.6M in a Series A led by BNP Paribas, Bpifrance, and the Centilux Family Office. The startup helps SMEs raise funds and has applied for a DLT-based exchange and settlement service license under the EU's DLT Pilot Regime. Currently, it holds a French digital asset service provider license with 6,000 investors and €5 million in transactions.
- Link
France's Kriptown, a blockchain-based crowdfunding platform, has raised $4.6M in a Series A led by BNP Paribas, Bpifrance, and the Centilux Family Office. The startup helps SMEs raise funds and has applied for a DLT-based exchange and settlement service license under the EU's DLT Pilot Regime. Currently, it holds a French digital asset service provider license with 6,000 investors and €5 million in transactions.
- Link
Report: CoinMetrics to Release Real-World Asset Tokenization Report
The report highlights progress in tokenizing fiat currencies, government securities, private credit, and commodities on blockchain, with Ethereum leading, while Solana and Stellar gain traction. Institutional involvement from BlackRock and Franklin Templeton, along with evolving regulations like MiCA, is driving greater integration of RWAs into decentralized finance (DeFi).
- Link
The report highlights progress in tokenizing fiat currencies, government securities, private credit, and commodities on blockchain, with Ethereum leading, while Solana and Stellar gain traction. Institutional involvement from BlackRock and Franklin Templeton, along with evolving regulations like MiCA, is driving greater integration of RWAs into decentralized finance (DeFi).
- Link
👏2
Securitize to Enable USDC-to-USD Conversion for BlackRock’s BUIDL Fund, Surpassing $550M AUM
Qualified investors can now subscribe fully on-chain to BlackRock's BUIDL fund by converting USDC to U.S. dollars through an integration between tokenization firm Securitize and crypto infrastructure provider Zero Hash. BUIDL, the largest tokenized fund with over $550 million in assets, invests in U.S. Treasurys and repo agreements to provide yield to onchain token holders.
- Link
Qualified investors can now subscribe fully on-chain to BlackRock's BUIDL fund by converting USDC to U.S. dollars through an integration between tokenization firm Securitize and crypto infrastructure provider Zero Hash. BUIDL, the largest tokenized fund with over $550 million in assets, invests in U.S. Treasurys and repo agreements to provide yield to onchain token holders.
- Link
MiCA-Compliant Stablecoins to Take Major Market Share of Euro-Stablecoin Sector
Since the EU's Markets in Crypto-Assets (MiCA) regulations took effect in June, MiCA-compliant stablecoins like Circle’s EURC and Société Générale’s EURCV now dominate the euro-stablecoin market, holding a 67% market share.
- Link
Since the EU's Markets in Crypto-Assets (MiCA) regulations took effect in June, MiCA-compliant stablecoins like Circle’s EURC and Société Générale’s EURCV now dominate the euro-stablecoin market, holding a 67% market share.
- Link
🔥1
Cow Group to Partner with DigiShares to Launch Gold-Backed Stablecoin, "MyGold™"
Launched on September 25, 2024, MyGold™ is backed by 50% physical gold and 50% SIRI Tokens, maintaining a stable $1 value through seigniorage algorithms. It also enables income generation through Cow Group’s SWIM program, where holders can trade gold in weekly cycles.
- Link
Launched on September 25, 2024, MyGold™ is backed by 50% physical gold and 50% SIRI Tokens, maintaining a stable $1 value through seigniorage algorithms. It also enables income generation through Cow Group’s SWIM program, where holders can trade gold in weekly cycles.
- Link
DTCC to Unveil Digital Asset Sandbox
The Depository Trust & Clearing Corporation (DTCC) has launched the DTCC Digital Launchpad, designed to explore mainstream financial applications of tokenization and digital assets. Announced on October 15, 2024, the initiative aims to address the fragmented digital asset landscape and establish secure, efficient digital market infrastructure.
- Link
The Depository Trust & Clearing Corporation (DTCC) has launched the DTCC Digital Launchpad, designed to explore mainstream financial applications of tokenization and digital assets. Announced on October 15, 2024, the initiative aims to address the fragmented digital asset landscape and establish secure, efficient digital market infrastructure.
- Link
👍1
Hashnote to Launch USYC on Canton Network, Offering Tokenized Money Market Fund with Built-in Privacy
USYC benefits from Canton's privacy features, allowing holders to manage collateral without exposing their transactions to third parties. USYC, which invests in government-backed bonds via reverse repos, currently holds $300 million in assets under management.
- Link
USYC benefits from Canton's privacy features, allowing holders to manage collateral without exposing their transactions to third parties. USYC, which invests in government-backed bonds via reverse repos, currently holds $300 million in assets under management.
- Link
❤2
Stripe to Utilize Paxos Stablecoin Payments Platform
The "Pay with Crypto" product uses Paxos' new stablecoin payments platform, supporting instant conversions between USD and major stablecoins like PayPal's PYUSD, Circle's USDC, and its own USDP for payments, payouts, and refunds.
- Link
The "Pay with Crypto" product uses Paxos' new stablecoin payments platform, supporting instant conversions between USD and major stablecoins like PayPal's PYUSD, Circle's USDC, and its own USDP for payments, payouts, and refunds.
- Link
👍1
SingularityDAO to Merge With Cogito Finance & SelfKey for AI Capacity Tokenization
The newly formed Singularity Finance focuses on tokenizing assets like GPUs and AI-powered financial tools. Existing tokens KEY, SDAO, and CGV will merge into the new SFI token. This follows a similar merger by SingularityNET with Fetch.ai and Ocean Protocol.
- Link
The newly formed Singularity Finance focuses on tokenizing assets like GPUs and AI-powered financial tools. Existing tokens KEY, SDAO, and CGV will merge into the new SFI token. This follows a similar merger by SingularityNET with Fetch.ai and Ocean Protocol.
- Link