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The first client to use the tool will be a partnership between asset manager DWS, Flow Traders and Galaxy to manage a fully collateralized euro-denominated stablecoin, GK8 said. Source link
These examples and others, including tokenized gold, demonstrate how digital asset networks are used as the underlying digital infrastructure for distributing financial services. When viewed through this lens, we can consider what other value-add services could be delivered via digital asset infrastructure, instead of measuring the successes of these networks by the price of their […]
The rapid rise in Treasury yields in the past two years has fueled demand for their tokenized versions. The 10-year yield, the so-called risk-free rate, has risen to 4.22% from 1.69% since March 2022, denting the appeal of lending and borrowing the dollar-pegged stablecoins in the decentralized finance market. Source link
BlackRock’s BUIDL token on the Ethereum blockchain, created with asset tokenization platform Securitize, represents investment in a fund that holds U.S. Treasury bills and repo agreements. Its price is pegged to $1, and holders receive a yield from the underlying assets paid in the token. The offering is targeted to large institutional investors. Source link
“We are proud that HSBC Gold Token, powered by HSBC Orion, is the first retail product in Hong Kong that is based on distributed ledger technology, as authorized by the Securities and Futures Commission,” said HSBC Hong Kong head of wealth and personal banking Maggie Ng in a statement. Source link
“This is the latest progression of our digital assets strategy,” said Robert Mitchnick, BlackRock’s Head of Digital Assets. Source link
Meld, which is in partnership with the layer-1 blockchain of the same name, signed an initial agreement with DeFi platform Swarm Markets, which started a real-world asset platform in December. Source link
“I would argue traditional finance’s message for the future that trillions of dollars will be tokenized is completely disconnected from firms that are innovating with RWAs,” Quensel said in an interview. “TradFi’s understanding of a token as a database record doesn’t make any sense to DeFi. A token is not a database record; it’s code […]
Monday’s letter comes ahead of a G20 meeting to be held in Sao Paulo on Wednesday and Thursday. It also outlines the group’s plan to publish a status report on its crypto roadmap and a report on the financial stability implications of tokenization in October. The board, which coordinates with 24 countries, intends to report […]
“A partnership forged in the spirit of redefining digital finance, Ondo Finance’s native integration onto Aptos is a step forward for accessible and seamless financial services,” said Bashar Lazaar, head of grants and ecosystem at Aptos Foundation. Source link