On January 21, RWA tokenization protocol Hamilton completed a $1.70 million Pre-Seed round of financing, which was led by DisrupTech Ventures and included CMS, DeSpread, Hyperithm, Core Ventures and other strategic investors. Hamilton is a protocol for bringing tokenized assets to Bitcoin, working to combine traditional financial instruments with the security and transparency of Bitcoin. Hamilton will launch three flagship products: HUSD, a Bitcoin-native stablecoin backed by U.S. bonds; and HUS...
Next Monday's meeting of the Eurogroup, an informal body of economic and financial ministers that meets to discuss issues related to the euro, will discuss tokenization, distributed ledger (DLT) technology and central bank funding for wholesale settlements, as well as the state of retail digital euros. Hyun Song Shin, economic advisor and head of the Monetary and Economic Department at the Bank for International Settlements (BIS), will participate in the discussion. He is involved in the Agora p...
Next Monday's meeting of the Eurogroup, an informal body of economic and financial ministers that meets to discuss issues related to the euro, will discuss tokenization, distributed ledger technology and central bank funding for wholesale settlements, as well as the state of retail digital euros. Hyun Song Shin, economic advisor and head of the Monetary and Economic Department at the Bank for International Settlements (BIS), will participate in the discussion. He is involved in Project Agorá, a...
Barcelona-based RWA tokenization platform Brickken has completed a $2.50 million seed round, valuing itself at over $22.50 million. Participants in the seed round include Psalion, Ergodic Fund, SNZ Capital, Blue Bay Ventures, Mocha and Hodl Ventures. The RWA platform will use the newly raised funds to fund its European expansion and drive the "transformation of asset management through blockchain". Some of the funds will be used to introduce more enterprise-grade solutions to the platform, such ...
The Organization for Economic Co-operation and Development (OECD) report analyzes the reasons why tokenization has not been adopted more quickly, noting that while tokenization brings efficiency gains, improved securities settlement, and opportunities for innovation, it faces many challenges. The report mentions that the lack of a sufficient investor base is the main obstacle, leading to a lack of liquidity, making issuers cautious about tokenization. The issuance of sovereign bonds can help pro...
BounceBit announced the launch of the RWA trading feature supporting tokenized securities on its BounceClub Quanto platform. The first assets to be launched include MSTR (MicroStrategy), COIN (Coinbase) and BB (BlackBerry). Users can trade up to 200x leverage with BB tokens as collateral. Trading hours are synchronized with the US stock market and are from 9:30am to 4:00pm EST, closed on weekends and US holidays. This feature is not available to US users.
21:00-7:00 Keywords: DeFi, Trump, Tokenization 1. The US crypto industry is calling on Congress to block new regulations for DeFi brokers. 2. NIST proposes to expand the AES encryption standard to counter quantum threats. 3. US Treasury Secretary Janet Yellen sends a letter to US congressional leadership on the debt ceiling issue. 4. The IRS requires "DeFi brokers" to collect user transaction information; 5. Trump asked the U.S. Supreme Court to suspend the enforcement of TikTok forced sale orde...
Trrue, an L1 blockchain focused on ESG compliance and physical asset tokenization, announced a $10 million investment commitment from GEM Digital. In exchange, GEM Digital will receive TRRUE tokens. Trrue is currently selling a total of 300 million TRRUE tokens at $0.10 on multiple launchpads and plans to go live on December 27. Owen O'Driscoll, CEO of the project, said the financing will be used for product development, ecosystem expansion and token exchange launch. GEM Digital is a $3.40 billi...
According to Ledger Insights, German tokenization company Cashlink Technologies has been granted a cryptocurrency custody license by the country's regulator, BaFin. The company already has a cryptocurrency securities registrar license. Under German law, a registrar can be used instead of a central securities depository (CSD) when issuing securities on DLT. With the new license, Cashlink can now manage the private keys associated with the tokenized securities it participates in issuing and regist...
Dubai-based tokenization platform Allo has announced a $100 million bitcoin-backed credit line financed by Greengage and a "long-running US institution". The funds will be used to expand on-chain lending and physical asset tokenization services.
AgriDex, a Solana-based tokenization platform, completed a $4 million strategic round led by Portal Ventures, with participation from Endeavour Ventures, Hawkwood Capital, HU Investments, FS Ventures, and Sycamore Gap Management Ltd. Company. Angel investors also participated in the round, including Tobechi Bolanle Taiwo of Palantir, Anna Yuan of Perena, and others.
The CEO of Bank of New York Mellon said that tokenization is a major trend in financial marekt. (In terms of crypto assets) anything new needs to be tested in practice.
21X, a tokenized asset trading platform running on Polygon, has been approved to go live by German financial regulator BaFin. It plans to launch a tokenized financial instrument trading platform at its headquarters in Quarter 1 in 2025. It is planned to support the trading of tokenized equity, debt securities, funds, and real-world assets (RWA), such as real estate or artworks eligible for financial instruments. It is reported that in addition to BaFin, Deutsche Bundesbank (Deutsche Bundesbank),...
According to Hong Kong media reports, Libeara, a tokenization platform fostered by SC Ventures of Standard Chartered, has revealed that it will launch a US dollar tokenized money market fund in Singapore this month, initially on the Ethereum mainnet. Alexandre Deschatres, Libeara's head of business development, said in an interview that it will evaluate the liquidity of US Treasury bonds with Wellington and Fundbridge before the full launch of the chain.
Ripple announced the launch of the first tokenized money market fund on XRP Ledger, beginning with Ripple's XRP Ledge tokenizing asset manager abrdn's $4.77 billion liquidity fund. Ripple has partnered with Archax, the UK's first cryptocurrency exchange, broker, and custodian regulated by the Financial Conduct Authority, which has access to abrdn's money market funds. Ripple said in a statement on Nov. 25 that ABRDN 4.77 billion the U.S. dollar money market.