News list for " fund tokenization"
The Depositary Trust and Clearing Corporation (DTCC), the world's largest securities settlement system, has completed a pilot project with blockchain oracle Chainlink (LINK) and several major U.S. Financial Institution Groups aimed at helping accelerate the tokenization of funds, according to a report released Thursday. The aim of the Smart NAV project is to establish a standardized process for introducing and disseminating fund net asset value (NAV) data on virtually all private or public block...
Hedera tokens have risen by 96% in the past 24 hours, influenced by news that Archax has added tokenized money market fund products on Hedera. The HBAR Foundation's announcement sparked widespread misunderstandings, with videos shared alongside the announcement appearing to show Ownera, Archax and BlackRock working together in the joint venture, which the HBAR Foundation claims "brings the world's largest asset manager on-chain". Chris O'Connor, founder of Cardano Ghost Fund DAO, said Bei...
Chia Der Jiun, Managing Director of the Monetary Authority of Singapore, introduced some fund tokenization pilots during an event for asset managers as part of Project Guardian and MAS Global Layer 1 (GL1) tokenization programs. Chia Der Jiun emphasized the advantages of tokenization in real-time settlement and process automation, which can improve efficiency and achieve greater customization of funds.
The UK Treasury's Technical Working Group, the government's Department of Economy and Finance, has released a new report on potential use cases of fund tokenization. This report explores the use of tokens as collateral for money market funds and the potential role that tokenized funds may play in the on chain investment market. The report provides an overview of how the UK fund industry can effectively utilize the potential of tokenization for asset management, and details how companies operatin...
The second report of the Technical Working Group of the Government Asset Management Working Group, released by the Investment Association of the UK (IA), explores two use cases of fund tokenization and three other areas. Most research on fund tokenization focuses on the tokenization of fund units, but some asset management companies are also considering
The UK Treasury and Bim Afolami MP have jointly released the second report on fund tokenization by the Technical Working Group. The report further explores potential use cases of fund tokenization, particularly the use of tokens as collateral for money market funds, and the role of tokenized funds in fully on chain investment markets, aimed at simplifying backend functionality. In addition, the report also points out that the technology working group will shift its focus in the future to how the...
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