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UBS Asset Management has unveiled a new digital investment vehicle, the “UBS USD Money Market Investment Fund Token” (#uMINT). Designed as a tokenized money market fund, uMINT utilizes #Ethereum's distributed ledger technology, marking another step in UBS’s commitment to integrating blockchain solutions in asset management. The launch is intended to cater to the increasing demand for tokenized financial assets, allowing investors to access institutional-grade cash management services with a digital-first approach. 🏦 💡 Thomas Kaegi, Co-Head of UBS Asset Management in the Asia-Pacific region, commented on the new fund’s potential to meet rising client interest in tokenized solutions. “We have seen growing investor appetite for tokenized financial assets across asset classes,” he said, emphasizing UBS’s efforts in working with industry partners and regulatory bodies to build innovative solutions. By launching uMINT, UBS Asset Management is providing clients access to cash management investments anchored by high-quality money market instruments within a conservative, risk-managed framework. The introduction of uMINT aligns with UBS Asset Management’s broader distributed ledger strategy (#DLT), which aims to utilize both public and private #blockchain networks to enhance fund issuance and distribution capabilities. UBS’s recent activities include participation in Project Guardian, a regulatory initiative led by the Monetary Authority of Singapore (MAS) to explore the potential of tokenized assets. In October 2023, UBS launched a live pilot of a tokenized Variable Capital Company (VCC) fund under this initiative. #AltBanking The leading aggregator, bringing the best actionable news, information and opportunities in this rapidly evolving ecosystem right to you. Share and Follow us to stay up-to-date! #finance #fintech #banking #innovation #digitalassets #Web3 #investment #tokenisation #crypto #DeFi #TradFi #digitalfinance #tokenization #RWA #MMF #money #market #fund https://lnkd.in/dersiCbP

Great episode of Chainalysis's Public Key podcast (Episode 134: DeFi vs. TradFi: Bridging the Gap with Tokenized Real-World Assets) where host and CMO of Chainalysis, Ian Andrews, sits down with Chris Tyrrell, Chief Risk and Compliance Officer of Ondo Finance, to discuss how tokenization of real world assets (#RWA) is all the rage in crypto for 2024 and to share their role as a frontrunner in tokenizing US treasuries. ℹ️ 💡 Chris shares regulatory compliance challenges, Ondo’s global operations and partnerships with major players like BlackRock and how throughout his career he has bridged the inferential gaps in conversations when speaking with traditional institutions and regulators. Chris discusses the significant shift in 2017 that brought institutional attention to #cryptocurrencies and explains Ondo’s approach to the compliant tokenization of US #treasuries and the planned expansion into more asset classes. He emphasizes the benefits of #tokenization such as composability, rapid settlement and an innovative approach to yield distribution, contrasting it with traditional #stablecoins and underscored the importance of robust risk management tools, highlighting the integration of Chainalysis for Know Your Ecosystem risk monitoring. #AltBanking The leading aggregator, bringing the best actionable news, information and opportunities in this rapidly evolving ecosystem right to you. Share and Follow us to stay up-to-date! #finance #fintech #banking #innovation #digitalassets #Web3 #investment #tokenisation #crypto #DeFi #TradFi #digitalfinance #Ondo #Chainalysis #blockchain https://lnkd.in/eqTyTPXA

Real-world asset (#RWA) tokenization is set for explosive growth over the next five years with assets under management potentially topping $600 billion by 2030, according to research papers from major traditional financial institutions. ℹ️ 📢 Global consulting firm Boston Consulting Group (BCG) called RWA #tokenization “the third revolution in asset management,” in an Oct. 29 paper. “We see a pattern of growing investor demand in the tokenized funds space,” said David Chan, managing director and partner at Boston Consulting Group (BCG). The paper, jointly produced with Aptos Labs and Invesco US, estimated that tokenized fund assets under management could reach 1% of global mutual funds and exchange-traded funds (#ETF) AUM in seven years. “This would imply an AUM of more than $600 billion by 2030,” the researchers said. Cointelegraph has reported that the sector may grow by as much as 50 times by 2030. “Over the coming period, we expect that trend to continue, especially when regulated on-chain money such as regulated #stablecoin, tokenized deposit, and central bank digital currency (#CBDC) projects materialize,” Chan said. The mass adoption of tokenized real-world assets may be led by #bonds, because their structural features make them ideal for #blockchain issuance, according to a separate paper from State Street Global Advisors. “The bond market is ripe for adoption,” wrote State Street researchers in an October report on asset tokenization in capital markets. “The complex nature of the instruments repeated nature of issuance costs, and high competition among intermediaries support both a rapid pace of adoption and room for significant impact,” said Elliot Hentov, head of macro policy research, and macro policy strategist Vladimir G.. Blockchain technology can play an important role in markets that “prize velocity of trading, such as repos and swaps,” they added. More details in the Cointelegraph article by Martin Young. #AltBanking The leading aggregator, bringing the best actionable news, information and opportunities in this rapidly evolving ecosystem right to you. Share and Follow us to stay up-to-date! #finance #fintech #banking #innovation #digitalassets #Web3 #investment #tokenisation #crypto #DeFi #TradFi #digitalfinance #BCG #SSGA https://lnkd.in/eVvKbr9C

Franklin Templeton, one of the world’s largest global investment managers and a pioneer in digital assets technology, announced that it is has received approval from Luxembourg regulator Commission de Surveillance du Secteur Financier (CSSF) to launch the first fully tokenised #UCITS fund of its kind in #Luxembourg. 🏦 💡 🎉 Shares in the fund will be issued using Franklin’s proprietary blockchain-enabled transfer agency platform, giving investors the benefit of the transparency, security, accuracy and immediacy made possible by #blockchain technology. The #fund, which is scheduled for launch over the next few months, will be the first tokenised UCITS fund on a public blockchain using in house capabilities and technologies in Luxembourg, and is expected to be distributed widely throughout #Europe pending regulatory approval. Further details will be available to investors in due course. Franklin Templeton’s Sandy Kaul, Head of Digital Assets and Industry Advisory Services commented: “Disruptive technology and innovation in financial services is reshaping the industry and changing the fundamental rules for how to attract, secure, and serve clients. We believe that in the future, there may be opportunities to create other tokenised financial products, including interoperability with other digital assets and blockchain native facilities. We are committed to continuing to explore these opportunities as part of our broader digital assets strategy.” Roger Bayston, EVP, Head of Digital Assets, Franklin Templeton added: “We have been active participants and builders in the digital asset ecosystem since 2018 and have seen the transformative power of blockchain technology firsthand. As technological innovation continues at pace, we continue to work closely with regulators around the world to introduce innovative solutions to the marketplace.” Matthew Harrison, Head of Americas (ex-US), Europe & UK at Franklin Templeton concluded: "This new fund will mark a pivotal step in our global commitment to leverage blockchain technology for clients beyond the U.S. We continuously focus on innovation and long-term value creation for our clients, and we want to equip them with tools, services and knowledge to make informed decisions. With our proprietary solutions, we offer enhanced security, transparency, and efficiency, further solidifying our leadership in the rapidly evolving digital asset space." #AltBanking The leading aggregator, bringing the best actionable news, information and opportunities in this rapidly evolving ecosystem right to you. Share and Follow us to stay up-to-date! #finance #fintech #banking #innovation #digitalassets #Web3 #investment #tokenisation #crypto #DeFi #TradFi #digitalfinance #tokenization #RWA #Franklin #Templeton https://lnkd.in/eP9tAbAV

Looking to advance its #cryptocurrency ambitions, payments processor Stripe has finalized a deal to buy #stablecoin platform Bridge for $1.1 billion, according to a Sunday X post from TechCrunch founder Michael Arrington and later confirmed by Stripe and Bridge. ℹ️ 💡 Bridge, which has raised $54 million in funding, was founded by Square and Coinbase alumni Zach Abrams and Sean Yu, and counts SpaceX and Coinbase among its customers. The startup previously said it aspired to become the #blockchain version of Stripe, operating a global system in which other developers could integrate. The payments firm — which has dual headquarters in San Francisco and Dublin — will purchase San Antonio, Texas-based Bridge to simplify cross-border money movement, Stripe CEO Patrick Collison said in a post on X. ”Thanks to #stablecoins, businesses around the world will benefit from significant speed, coverage, and cost improvements in the coming years,” Collison wrote. More details in the CoinDesk article by Jamie Crawley. #AltBanking The leading aggregator, bringing the best actionable news, information and opportunities in this rapidly evolving ecosystem right to you. Share and Follow us to stay up-to-date! #finance #fintech #banking #Stripe #Bridge #innovation #digitalassets #Web3 #investment #crypto #DeFi #TradFi #digitalfinance https://lnkd.in/gAfYKaam

DBS Bank, the largest bank in #Singapore by assets, has rolled out a suite of new services dubbed “DBS Token Services” as the bank continues to develop blockchain-based options for institutional clients. In a statement shared with The Block, DBS Bank said that the new banking products integrated #tokenization and smart contract-enabled capabilities with its existing banking services. The DBS Token Services integrated the bank’s #Ethereum Virtual Machine-compatible permissioned #blockchain, its core payment engine and multiple industry payment infrastructures, according to the statement. Also, smart contracts enable programmability for institutions to govern the use of funds. Specifically, the new services include Treasury Tokens, Conditional Payments, and Programmable Rewards. Soon Chong Lim, group head of global transaction services at DBS Bank, said that DBS Token Services enables companies and public sector entities to “optimize liquidity management, streamline operational workflows, strengthen business resilience, and unlock new opportunities for end-customer or end-user engagement.” More detail in the The Block article by Timmy Shen. #AltBanking The leading aggregator, bringing the best actionable news, information and opportunities in this rapidly evolving ecosystem right to you. Share and Follow us to stay up-to-date! #finance #fintech #banking #innovation #digitalassets #Web3 #investment #tokenisation #crypto #DeFi #TradFi #digitalfinance #RWA https://lnkd.in/dkiR2Kiw

Forty eight percent of Swiss banks are planning or already conducting #tokenization use cases, according to a survey conducted by the University of St.Gallen, mintminds AG and @vision&. The figure for embracing #cryptocurrencies is far higher at 64%. Beyond tokenization and #crypto, 58% of banks have plans for other ‘advanced’ blockchain use cases such as #tradefinance or settlement. ℹ️ 🏦 💡 The consensus amongst the 19 banks that took part in the survey is that the potential for #blockchain will be achieved in a two to five year timeframe, with a higher impact beyond the five year mark. However, beyond the five year mark, only 37% of bankers believe the impact of #DLT will be significant, compared to 63% who view its importance as moderate. In the next two years, 11% of banks (both private banks) believe the impact will be significant. Just over a quarter of banks have ten or more full time staff dedicated to digital assets. Another 21% have two to five staff. #AltBanking The leading aggregator, bringing the best actionable news, information and opportunities in this rapidly evolving ecosystem right to you. Share and Follow us to stay up-to-date! #finance #fintech #banking #innovation #digitalassets #Web3 #investment #tokenisation #DeFi #TradFi #digitalfinance #RWA https://lnkd.in/djJQ3SZP

Hedera Asset Tokenization Studio—an open-source toolkit for the configuration, issuance, and management of tokenized bonds and equities on the Hedera network—has just launched. ℹ️ 💡 🎉 Unlike the basic ERC-1400 standard for security tokens that requires management of key asset details off-chain—thereby adding a level of increased risk—the Hedera Asset Tokenization Studio keeps the entire process on-chain. The studio offers a full suite of turnkey features, including #bond coupons, #stock dividends, whitelisting, and compliance with jurisdiction-specific regulations, ensuring that all asset details are securely managed entirely on-chain. This joint initiative by the Hedera ecosystem, led by partners The The HBAR Foundation, Hashgraph, RedSwan CRE, and ioBuilders, enables the seamless issuance and management of tokenized #bonds and #equities on the Hedera network. Dr. Sabrina Tachdjian, Pℏ.D., Head of Fintech and Payments at the The HBAR Foundation, said: “By lowering technical barriers to the #tokenization of bonds and equities, along with the recording of their underlying data on ledger, the Asset Tokenization Studio will contribute to the growth of Hedera’s #RWA ecosystem and facilitate the on-chain migration of capital markets with a focus on compliance. The goal of the Asset Tokenization Studio is to empower issuers and issuance platforms with an open-source, pre-audited toolkit, to accelerate their product development on Hedera.”  Edward Nwokedi from RedSwan CRE commented: “The Asset Tokenization Studio is the result of months of development, fine-tuning, and critical examination of existing hindrances to commercial tokenized real-world asset adoption, such as the limitations with ERC-1400. We’re looking forward to seeing the impact this toolkit has on tokenization adoption, and how it contributes to the growth and maturity of this growing market.” Carlos Matilla Sanz, CEO of ioBuilders, emphasized: “The Asset Tokenization Studio accelerates the adoption of #DLT by providing open-source tools that standardize the management of digital assets within a regulated framework. This innovation covers the entire lifecycle and servicing needs of tokenized instruments, making it a valuable resource for asset managers, issuers, broker-dealers, transfer agents, custodians, CSDs, investors, and regulators alike.” More details on the The HBAR Foundation site in the article by Sabrina Tachdjian, Pℏ.D.. #AltBanking The leading aggregator, bringing the best actionable news, information and opportunities in this rapidly evolving ecosystem right to you. Share and Follow us to stay up-to-date! #finance #fintech #banking #innovation #digitalassets #Web3 #investment #tokenisation #crypto #DeFi #TradFi #digitalfinance #blockchain https://lnkd.in/e75mt2fF

Reposting for wider reach. Also, with the original article link. Great summation from Harvey.

Projective Group's Projective Finance, in collaboration with several leading solar energy developers, has announced a partnership with Plume Network to deploy over $100 million worth of #solar assets onchain. This initiative marks a major step forward in combining #renewable energy projects with #blockchain technology to enhance efficiency and liquidity in solar asset financing. 💡 🤝🏽 Projective will focus on tokenizing commercial solar construction loans and post-construction operating assets. The selected developments service public school districts, with offerings ranging in size from $250,000 to $10 million. These projects offer 100% contracted revenues, highly creditworthy counterparties, and stable, predictable costs, making them as low-risk as U.S. Treasury bills. Expected yields for these projects range from 9% to 18%, positioning them as one of the most compelling investment opportunities in the #RWA space. CEO of Projective, Josh, emphasized the need for #innovation in solar financing, stating, “For years, solar technology has advanced, but financing solutions have lagged behind. Projective’s use of RWA technology aligns developers and lenders, providing a financing solution that makes sense for a green future.” This partnership allows global investors to access U.S. solar farms for the first time through #tokenization. Chris Yin, CEO of Plume Network, highlighted the significance of this move, saying, “Tokenization makes U.S. solar farms accessible to global investors, offering stable, uncorrelated yields compared to traditional assets like #equities and #cryptocurrencies. This is a unique opportunity for true diversification into real-world assets.” More details in the SolarQuarter Global article by Kavita. #AltBanking The leading aggregator, bringing the best actionable news, information and opportunities in this rapidly evolving ecosystem right to you. Share and Follow us to stay up-to-date! #finance #fintech #banking #digitalassets #Web3 #investment #tokenisation #crypto #DeFi #TradFi #digitalfinance #Plume https://lnkd.in/ew3d8YbZ