BCG_tokenized_funds_the_third_revolution_in_asset_management_decoded.pdf
2.9 MB
Report: BCG on Tokenized Funds as Third Revolution in Asset Management
With tokenized funds managing over $2 billion in assets by late 2024, demand is set to rise further as regulated stablecoins, tokenized deposits, and CBDCs take shape. This report explores the market’s potential, incentives for investors and institutions, and opportunities for fund managers.
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With tokenized funds managing over $2 billion in assets by late 2024, demand is set to rise further as regulated stablecoins, tokenized deposits, and CBDCs take shape. This report explores the market’s potential, incentives for investors and institutions, and opportunities for fund managers.
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BBVA Asset Management to Launch a ‘Tokenized’ Fund Through the CNMV Sandbox
The pilot project is about tokenizing a short-term fixed-income investment fund, leveraging the regulatory sandbox of Spain’s National Securities Market Commission (CNMV). The BBVA Token Renta Fija Corto Plazo fund, Currently accessible only to BBVA AM employees, uses the Allfunds Blockchain network for order processing and smart contract management.
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The pilot project is about tokenizing a short-term fixed-income investment fund, leveraging the regulatory sandbox of Spain’s National Securities Market Commission (CNMV). The BBVA Token Renta Fija Corto Plazo fund, Currently accessible only to BBVA AM employees, uses the Allfunds Blockchain network for order processing and smart contract management.
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Solayer & OpenEden to Launch Treasury-Backed Stablecoin on Solana
Solayer and OpenEden have introduced sUSD, a yield-bearing stablecoin on Solana backed by U.S. Treasury bills, allowing users to invest in tokenized real-world assets with as little as $5. The sUSD protocol, functioning as a request-for-quote (RFQ) marketplace, enables users to deposit USD Coin (USDC) in exchange for sUSD, which acts as a liquid RWA token (LRT).
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Solayer and OpenEden have introduced sUSD, a yield-bearing stablecoin on Solana backed by U.S. Treasury bills, allowing users to invest in tokenized real-world assets with as little as $5. The sUSD protocol, functioning as a request-for-quote (RFQ) marketplace, enables users to deposit USD Coin (USDC) in exchange for sUSD, which acts as a liquid RWA token (LRT).
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OCBC to Executes Intraday Reverse Repo Using JP Morgan’s Onyx DLT
The Singapore-based bank executed an intraday reverse repo on JP Morgan’s Onyx Digital Assets platform, lending cash to JP Morgan and receiving tokenized securities, which were unwound with interest in under four hours. This marks the first reverse repo by an external counterparty on the platform, which enables instant settlement to improve liquidity.
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The Singapore-based bank executed an intraday reverse repo on JP Morgan’s Onyx Digital Assets platform, lending cash to JP Morgan and receiving tokenized securities, which were unwound with interest in under four hours. This marks the first reverse repo by an external counterparty on the platform, which enables instant settlement to improve liquidity.
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Stan Chart’s Libeara to Tokenize Wellington US Treasury Fund in Singapore
Libeara and FundBridge Capital are launching a tokenized Wellington fund, the Delta Wellington Ultra Short Treasury On-Chain Fund (ULTRA Fund), where Wellington will act as sub-manager. Initially available on Ethereum with plans to expand to Arbitrum, Avalanche, and Solana, the ULTRA Fund is supported by Standard Chartered as custodian.
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Libeara and FundBridge Capital are launching a tokenized Wellington fund, the Delta Wellington Ultra Short Treasury On-Chain Fund (ULTRA Fund), where Wellington will act as sub-manager. Initially available on Ethereum with plans to expand to Arbitrum, Avalanche, and Solana, the ULTRA Fund is supported by Standard Chartered as custodian.
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Major Korean Banks to Accelerate to Enter Tokenized Securities Market
South Korean banks are intensifying their push into the tokenized securities market as a new bill aims to institutionalize security token offerings (STOs). NH NongHyup Bank plans to launch a security token issuance platform by next month, while Shinhan Bank, Hana Bank, and Woori Bank are advancing partnerships and internal projects for asset tokenization.
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South Korean banks are intensifying their push into the tokenized securities market as a new bill aims to institutionalize security token offerings (STOs). NH NongHyup Bank plans to launch a security token issuance platform by next month, while Shinhan Bank, Hana Bank, and Woori Bank are advancing partnerships and internal projects for asset tokenization.
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US Treasury: Stablecoin Growth is Increasing Demand for T-Bills
The U.S. Treasury report reveals stablecoin growth has modestly boosted demand for Treasuries, with $120 billion in collateral invested, led by Tether's $81 billion. The Treasury also sees digital assets driving further demand for Treasuries as safe-haven assets.
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The U.S. Treasury report reveals stablecoin growth has modestly boosted demand for Treasuries, with $120 billion in collateral invested, led by Tether's $81 billion. The Treasury also sees digital assets driving further demand for Treasuries as safe-haven assets.
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BCG to Estimate Tokenization Could Improve Mutual Fund Returns by $100 Billion
The projected $100 billion boost in returns would stem from faster settlement, fee reductions, and collateral lending, with additional opportunities in intraday trading gains. Bain & Co and JP Morgan also predict $12 trillion in new inflows to tokenized alternative funds from high-net-worth investors, potentially generating $400 billion in revenue.
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The projected $100 billion boost in returns would stem from faster settlement, fee reductions, and collateral lending, with additional opportunities in intraday trading gains. Bain & Co and JP Morgan also predict $12 trillion in new inflows to tokenized alternative funds from high-net-worth investors, potentially generating $400 billion in revenue.
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Investment_Management_Association_of_Singapore_Investment_Conference.pdf
12.3 MB
Report: Investment Management Association of Singapore Investment Conference
This report from the IMAS Investment Conference 2024 Masterclass highlights the transformative role of digital assets in investment management. Insights from industry leaders like Schroders delve into asset tokenization use cases, key blockchain features, and applications across various asset classes.
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This report from the IMAS Investment Conference 2024 Masterclass highlights the transformative role of digital assets in investment management. Insights from industry leaders like Schroders delve into asset tokenization use cases, key blockchain features, and applications across various asset classes.
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Franklin Templeton to Launch Tokenized Treasury Fund on Base
FT's OnChain U.S. Government Money Market Fund (FOBXX), valued at $410 million, is now available on Coinbase’s Base blockchain, marking the first time an asset manager has utilized this layer-2 network. Base becomes the sixth blockchain for FOBXX trading, alongside Stellar, Arbitrum, Polygon, Avalanche, and Aptos.
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FT's OnChain U.S. Government Money Market Fund (FOBXX), valued at $410 million, is now available on Coinbase’s Base blockchain, marking the first time an asset manager has utilized this layer-2 network. Base becomes the sixth blockchain for FOBXX trading, alongside Stellar, Arbitrum, Polygon, Avalanche, and Aptos.
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Assetera, Republic, and SquadApp to Partner to Expand Access to Tokenized Securities
This collaboration accelerates retail adoption of tokenized assets by enabling Republic’s Republic’s 3 million clients to trade, Assetera’s EU-regulated trading platform on Polygon, and SquadApp’s data-driven influencer marketing strategies.
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This collaboration accelerates retail adoption of tokenized assets by enabling Republic’s Republic’s 3 million clients to trade, Assetera’s EU-regulated trading platform on Polygon, and SquadApp’s data-driven influencer marketing strategies.
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Abu Dhabi Based 'Realize' to Launch Tokenized US Treasuries Fund
The Realize T-BILLS Fund targets to buy $200 million in U.S. Treasury ETFs, tokenizes them, and issues $RBILL tokens on IOTA and Ethereum.
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The Realize T-BILLS Fund targets to buy $200 million in U.S. Treasury ETFs, tokenizes them, and issues $RBILL tokens on IOTA and Ethereum.
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Superstate to Introduces Real-Time 'Continuous Pricing' for USTB Tokenized Treasury Fund
This allows USTB holders to see immediate interest accrual, bypassing traditional settlement delays. With $145 million in AUM and a 4.80% yield, USTB’s new feature lays the foundation for future innovations like atomic minting and rapid conversions to USDC, boosting DeFi compatibility. Learn more about USTB
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This allows USTB holders to see immediate interest accrual, bypassing traditional settlement delays. With $145 million in AUM and a 4.80% yield, USTB’s new feature lays the foundation for future innovations like atomic minting and rapid conversions to USDC, boosting DeFi compatibility. Learn more about USTB
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Securitize to Launch Fund Administration Services and Surges Past $1B in On-chain Issuances
Securitize Fund Services, partnering with firms like BlackRock and Hamilton Lane, integrates token issuance, capital raising, secondary trading via its regulated ATS, and fund administration, addressing inefficiencies in traditional fund management by automating workflows and enabling on-demand issuance.
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Securitize Fund Services, partnering with firms like BlackRock and Hamilton Lane, integrates token issuance, capital raising, secondary trading via its regulated ATS, and fund administration, addressing inefficiencies in traditional fund management by automating workflows and enabling on-demand issuance.
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UBS Asset Management to Launch Its First Tokenized Investment Fund
The 'UBS USD Money Market Investment Fund Token' (uMINT), a money market fund on the Ethereum blockchain with DigiFT as approved Distributor, gives investors access to UBS’s institutional-grade cash management within a secure, risk-managed framework.
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The 'UBS USD Money Market Investment Fund Token' (uMINT), a money market fund on the Ethereum blockchain with DigiFT as approved Distributor, gives investors access to UBS’s institutional-grade cash management within a secure, risk-managed framework.
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ECB to Invite Partners for Digital Euro Conditional Payments & Tokenization
The ECB is accepting applications for digital euro trials, seeking “Pioneer” partners to test conditional payments in a CBDC simulation from February 2025 and “Visionary” partners to explore theoretical and tokenization use cases with a social impact focus. Applications close on November 29, with no financial compensation for participants.
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The ECB is accepting applications for digital euro trials, seeking “Pioneer” partners to test conditional payments in a CBDC simulation from February 2025 and “Visionary” partners to explore theoretical and tokenization use cases with a social impact focus. Applications close on November 29, with no financial compensation for participants.
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Nairobi Securities Exchange to Accelerate Securities Tokenization in Africa
The Nairobi Securities Exchange (NSE) has joined the Hedera Governing Council to advance tokenization in Kenya’s capital markets, making it the 32nd council member alongside companies like Google and IBM. This partnership aims to introduce digital and tokenized assets in Africa.
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The Nairobi Securities Exchange (NSE) has joined the Hedera Governing Council to advance tokenization in Kenya’s capital markets, making it the 32nd council member alongside companies like Google and IBM. This partnership aims to introduce digital and tokenized assets in Africa.
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MAS Project Guardian-Fixed-Income-Framework 11-2024.pdf
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MAS to Publish Tokenized Fixed Income & Funds Framework, Pushing the Commercialization of Tokenization
Singapore’s Monetary Authority (MAS) has announced new frameworks to advance tokenization in financial services, focusing on fixed income, FX, and asset management sectors. MAS will establish commercial networks to enhance liquidity, build market infrastructures, and create industry standards for tokenized assets. Project Guardian, MAS’s tokenization initiative involving 40 global institutions, introduced guidelines for tokenized debt and funds through its Guardian Fixed Income and Guardian Funds Frameworks. In 2025, MAS plans to collaborate further with international regulators, including the UK’s FCA, to address regulatory considerations for tokenization in asset and wealth management.
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Singapore’s Monetary Authority (MAS) has announced new frameworks to advance tokenization in financial services, focusing on fixed income, FX, and asset management sectors. MAS will establish commercial networks to enhance liquidity, build market infrastructures, and create industry standards for tokenized assets. Project Guardian, MAS’s tokenization initiative involving 40 global institutions, introduced guidelines for tokenized debt and funds through its Guardian Fixed Income and Guardian Funds Frameworks. In 2025, MAS plans to collaborate further with international regulators, including the UK’s FCA, to address regulatory considerations for tokenization in asset and wealth management.
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Citi & Fidelity Intl. to Combine Money Market Fund Tokenization With FX Swaps
Within Project Guardian, Citi and Fidelity International developed a tokenized money market fund (MMF) with an embedded digital FX swap to address currency risks for non-U.S. institutions investing in USD MMFs. This solution enables real-time transactions by combining MMF token issuance and FX swaps into one smart contract-based system. This setup benefits corporate treasurers needing quick liquidity access.
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Within Project Guardian, Citi and Fidelity International developed a tokenized money market fund (MMF) with an embedded digital FX swap to address currency risks for non-U.S. institutions investing in USD MMFs. This solution enables real-time transactions by combining MMF token issuance and FX swaps into one smart contract-based system. This setup benefits corporate treasurers needing quick liquidity access.
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Serbia's Security Commission to Grant Approval for Solar Plant Tokenization
Serbia's securities commission has granted its first approval for the tokenization of a solar power plant to AVR Solar Park, a Belgrade-based renewable energy company. AVR Solar Park will issue 7,250 digital tokens, each valued at 100 euros, which allows investors a potential of 6% annual return and gradual principal repayment over 10 years.
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Serbia's securities commission has granted its first approval for the tokenization of a solar power plant to AVR Solar Park, a Belgrade-based renewable energy company. AVR Solar Park will issue 7,250 digital tokens, each valued at 100 euros, which allows investors a potential of 6% annual return and gradual principal repayment over 10 years.
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SBI Digital Markets to Pilot Tokenized ABS as Part of Project Guardian
SBI DM in Singapore is expanding its involvement in Project Guardian by planning to issue asset-backed securities (ABS) in both traditional and tokenized formats to maximize distribution and liquidity. Over the next two months, SBI DM will launch an ABS backed by luxury wines, with future offerings based on intellectual property and commodities.
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SBI DM in Singapore is expanding its involvement in Project Guardian by planning to issue asset-backed securities (ABS) in both traditional and tokenized formats to maximize distribution and liquidity. Over the next two months, SBI DM will launch an ABS backed by luxury wines, with future offerings based on intellectual property and commodities.
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