Rise & Shine

We're excited to announce our partnership with Oasis Pro, advancing our mission to bridge the gap between decentralized and traditional finance! This collaboration with Oasis Pro Markets allows investors to onboard and complete KYC procedures seamlessly, providing traditional investors with a familiar path to Web3.

Have you checked out our latest podcast episode? We were featured on the RWA Builders podcast, where we discussed: 🔹 Why Institutions are choosing to build on Avalanche 🔹 The importance of trusted infrastructure like Rise & Shine partners 🔹 Our partnership with Oasis Pro Markets Institutions are opting for Avalanche due to its flexible architecture, enabling the creation of private blockchains tailored to their unique requirements. At Rise & Shine Partners, we are a reliable infrastructure partner for these institutions transitioning to Avalanche. By directly managing the infrastructure, we align ourselves with institutional blockchain use cases and the goals of our investors. Listen to the full episode here to learn more: https://lnkd.in/e6wZsKZs

As Ethereum (ETH) ETFs start trading today, it's important to highlight a significant feature these ETFs lack: staking rewards. When you buy ETH directly, you can stake it to earn additional ETH as rewards. Staking rewards are a fundamental aspect of Ethereum’s decentralized protocol, designed to incentivize network participants and enhance security. Consider how different assets generate income: 🔹 Stockholders get dividends. 🔹 Bondholders receive interest payments. 🔹 Real estate owners collect rent. 🔹 Digital assets earn staking rewards It's crucial to understand how the way you hold crypto—whether directly, through an ETF, or via other investment vehicles—affects your earnings. If you're an RIA exploring blockchain beyond ETFs, send us a message. We'd love to be a resource for you. Read about it here: https://lnkd.in/gjppmwDD

Crypto Regulation Update for RIAs… This week, the House of Representatives fell short of the two-thirds majority needed to overturn President Biden's veto of a resolution to nullify SAB 121, leaving it in place. Last week, we covered SAB 121 in detail on our blog. As a quick recap, SAB 121 requires banks to list crypto-assets they hold for clients on their balance sheets as liabilities. This week, we delve further into other regulations, such as Basel III, that prohibit banks from holding crypto-assets. We also discuss solutions, highlighting how banks can leverage trusted infrastructure providers to hold assets and manage infrastructure for them. As more banks explore the use of permissioned blockchains, such solutions become increasingly important. Read the full blog post here: https://lnkd.in/evTv_9Xw

Investment interest in crypto is growing… In response to increasing client demand, Goldman Sachs is set to launch three new tokenization products later this year. These products, designed specifically for financial institutions, will leverage permissioned blockchains to create marketplaces for tokenized real-world assets. Goldman Sachs is primarily focused on using permissioned networks, as opposed to public networks, to help navigate regulatory requirements. Tokenization is not a fleeting trend; it’s transforming the industry by demonstrating significant benefits for both financial institutions and investors. This is another great example of bridging the gap between traditional and decentralized finance. Read the full story here: https://lnkd.in/gcHkqHem

Financial institutions in the US face significant hurdles in offering digital asset custody services… According to SAB 121, issued by the SEC in April 2022, banks must include crypto-assets held for clients on their balance sheets. This requirement necessitates that banks maintain additional cash reserves as a safety net, making the cost of custody services prohibitively high. Despite considerable backlash since its issuance, SAB 121 remains in effect. Next week, the U.S. House will vote on a resolution to overturn President Biden’s veto. Our latest blog post covers everything you need to know about SAB 121. You can read the full post here: https://lnkd.in/eCtA2T2v

Check out our July Newsletter! We've summarized key pieces of economic news from the previous month to give you a general overview of what's happening in the economy. Our newsletter has four sections: Macro, Micro, Must-Know, and Crypto. Let us know what you found interesting this month! #Newsletter #EconomicUpdates #EconNewsletter #Macro #Micro #Crypto #Economy #Economics #Finance #DeFi #JulyNewsletter #Blockchain

Layer 1s or Layer 2s? It's unavoidable terminology in the blockchain world. It might seem complex, but don’t let these terms deter you. In our latest blog post, we break down everything you need to know: 🔹 Understanding Layer 1 (L1) blockchains and their limitations 🔹 Exploring Layer 2 (L2) as a scalability solution 🔹 Highlighting Avalanche Subnets: a unique independent L1 scaling solution Each week, we dive into a new web3 topic and break it down for our audience. Read the full blog post here: https://lnkd.in/exY7k9p2

56% of Fortune 500 Executives Say Their Companies Have Onchain Projects A recent study by Coinbase revealed a record high in companies' Web3 initiatives in Q1 2024. Key highlights: ♦ Spot Bitcoin and Ether ETFs: High demand, total assets exceed $63B, and SEC approvals of spot ether ETFs set to scale acess ♦ Onchain Government Securities: High interest rates boost demand, tokenized US Treasury products value surged over 1,000% to $1.29B. ♦ Global Payments and Stablecoins: Stripe accepts USDC via Ethereum, Solana, and Polygon with automatic fiat conversion. PayPal supports cross-border stablecoin transfers in 160 countries with no fees, compared to 4.45%-6.39% in the $860B remittance market. Despite the rise in onchain activities amongst US companies, a lack of regulatory clarity is causing the US to lose developer share, with only 26% of crypto developers based in the US today. Institutions are already on-chain, its time to pay attention to how they’re leveraging the technology. Each week, we share a new piece of institutional blockchain adoption news. Read the full article here: https://lnkd.in/euUCmRK3

What is a Trusted Way for Businesses to Transition On-Chain? With countless opinions on which blockchain is the best, businesses often face the challenge of making the right choice. As blockchain technology continuously evolves, it's essential for businesses to stay adaptable and open to different options. Enter Avalanche subnets. These subnets allow businesses to create their own customized blockchains tailored to their specific needs, all within the broader Avalanche ecosystem. In our latest blog post, we explore how businesses can personalize their subnets to suit their unique use cases and test them in a risk-free environment. Read the full blog post here: https://lnkd.in/evKGgUBY