Security Token Advisors 🌴

We're less than an hour away from an exciting webinar where we'll be covering special considerations in risk assessment for digital assets, trends, and case studies! I'm excited to host both Marat Faritov from Moody's Ratings and Timm Reinsdorf from Particula and their unique perspectives on such an important topics as capital markets continue to come on-chain! Join us: https://lnkd.in/gfVT-zFU

Have you wondered how capital markets infrastructure translates to on-chain assets? Ratings are a big piece for risk management and we'll be joined by Moody's Ratings and Particula to discuss special considerations for tokenized RWAs, trends they're seeing, and some examples of ratings they've already issued. CC: Marat Faritov, Timm Reinsdorf, Jason Barraza 🌴 = About Security Token Prime = Get the latest news, charts, and research from the experts in the RWA field. Join webinars, chatrooms, and message other members in this community filled with professionals in the industry. And it's all completely free. Join at app.securitytokenprime.com

Peter first started his digital asset career with us at Security Token Advisors 🌴 over 3 years ago and became one the best researchers and consultants in the space, leaning on his background at Global X ETFs. Peter Gaffney 🌴 has officially moved onto one of our clients, something we have seen before with other employees. We encourage this growth and are thrilled to support his journey while we also thank him for his contributions and service. Interested in a similar path working with the new frontier of finance and technology? Shoot me a DM and let’s see if you’re next!

The asset-backed securities excerpt from our RWA Securities Market Update: May 2024 report 👇 Market Cap: $8,632,930,140 (6.16% MoM) Volume: $477,311 (92.42% MoM) CoinDesk 20 Index Benchmark: The basket of asset-backed securities (ABS) tokens performed better than the overall security token market although came short in comparison to the CD20. That said, ABS has the potential to grow in performance as more interesting use cases make their way into the hypothetical basket or as their underlying assets reach interesting milestones. An example may be the Republic Note approaching $1M in their profit pool, marking 50% of the way to reaching a distribution, which may grow demand in the Republic NOTE token. Insights: Asset-backed security (ABS) tokens experienced a modest increase in market cap, while the volume saw a decent uptick. This market cap surge can be attributed to the inclusion of a new Redwood Trust, Inc. LiquidFi Securitization (SEMT) to the tune of $512.7M on May 14th, marking the 18th securitization Redwood Trust’s RWT Horizons has used LiquidFi for. On the volume side, 3 ABS tokens experienced significant spikes in volume. While the Hashrate Asset Group Token usually has $0 to $100s in volume on any given day, we saw $14,490 on May 24th boosting its volume for the month to $16,621.92. This comes at the announcement of their round 1 closure on X. Similarly, the Republic Note ($NOTE) tends to have 4-figure days in volume, with May 8th being an exception as it had $26,586 traded for a total of $108,529.84 for the month. Meanwhile, $INX had the most monthly volume of the asset-backed securities asset class, closing out May at $352,158.94. With multiple 5-figure days throughout the month, May 15th came close to breaking the 6-figure mark at $93,836. This was the same date that INX updated the public on acquisition plans with Republic. While the announcement reminds everyone of their continued collaboration, the following quote may indicate INX is in a position of power: "Republic acknowledged that INX will not extend the 'drop-dead-date' for execution of the definitive agreement in connection with the Acquisition under the Term Sheet, which will lapse on May 15, 2024, in accordance with its terms." Full Report Available Here: https://lnkd.in/gJNjj4bD

May 2024 Market Update Report Now Available 📊 We're excited to release the May 2024 edition of our RWA Securities Market Update report, which now features benchmarks against the CoinDesk 20 Index (CD20)! In this month’s market report, we have meticulously tracked over 575 security tokens spanning across 35 marketplaces and 10 blockchains. Sections include: Key Takeaways Quantitative Highlights Asset Class Breakdown On-Chain Liquidity Products Platform Spotlight New Tokens and Announcements Full Report by Herwig “Happy” Konings 🌴, Jason Barraza 🌴, and Caleigh Crossman 🌴 Found Here: https://lnkd.in/gJNjj4bD Mentioned (in order of appearance): INX, tZERO Group, Inc., Securitize, Aktionariat AG, BigONE Exchange, Bitfinex Securities, ERX, RealT, Orderbook, CoinDesk, Republic, Redwood Trust, Inc., RWT Horizons, LiquidFi, Hashrate Asset Group, BlackRock, Franklin Templeton, WisdomTree, WisdomTree Prime, Elevated Returns, Realio, Mikro Kapital, OpenTrade, Backed Finance AG, SteelWave

  A lot going on at CoinDesk! Here's my, 'Listen. Read. Watch. Engage.' Happy Monday! LISTEN: “Following a heated market run-up in Q1 that saw the CoinDesk 20 index reach a year-to-date gain of approximately 40%, digital assets have cooled off in early Q2, declining particularly over the last week,” says Connor Farley, CEO and Co-Founder of Truvius. Listen to the full CoinDesk Markets Week in Review podcast with takeaways from Tracy Stephens. https://lnkd.in/e4vnudHs READ: In Crypto Long & Short, THE institutional newsletter, Max Freccia, of Truvius, says that the recent price action in #bitcoin and #ether is just the tip of the iceberg when it comes to the wider potential for blockchain technology to revolutionize finance. Then, Peter Gaffney 🌴, of Security Token Advisors 🌴, says BlackRock and Securitize’s new digital assets fund is a game-changer for tokenization among institutional investors.  https://lnkd.in/ebK9r9bx READ: In Crypto for Advisors, THE newsletter for advisors, we discuss how transparency is considered one of the key value propositions public blockchains can offer in financial services. Scott Sunshine of Blue Dot Advisors shares his thoughts on financial governance in a blockchain world. In Ask an Expert, Cato Felan III from La Hoja Capital Partners explains how bitcoin is used as collateral in structured credit portfolios. Curated and edited by Sarah Morton. https://lnkd.in/eBs463Nt   WATCH: The crypto derivatives market keeps expanding and so does demand for risk management solutions. Join moderator Andrew Baehr, CFA and Panelists Payal Shah, Matthew Hougan and Alex Kallelis on April 11 at 11 a.m. ET to discuss the global trends. Presented by CME Group. Register now: https://lnkd.in/eM86Dd57 ENGAGE: Are you going to Token 2049? We are thrilled to announce CoinDesk Indices as the Event Partner for the upcoming arte Talks 2049 edition, scheduled to take place on April 16th at the Theatre of Digital Art (TODA), hosted by Crypto Oasis. Join Moamen Elsayed and others as we explore Web3, metaverse initiatives, and crypto. Register now: https://lnkd.in/eYpQvsg9 #digitalassets #cryptocurrencies #thoughtleadership coindeskmarkets.com

Peter Gaffney of Security Token Advisors discusses the impact of BlackRock and Securitize's new digital assets fund on tokenization and regulated markets in this week's Crypto Long & Short. #blackrock #institutionalinvestor #portfoliomanagement #crypto

Happy to share my take on the recent BlackRock and Securitize USD Institutional Digital Liquidity Fund (BUIDL) with FundFire. As we covered in our Security Token Advisors 🌴 industry reports all 2023, #moneymarkets and #treasuries are the low-hanging fruit - the Trojan Horse - for asset managers to get familiar with #tokenization and the landscape. BlackRock's anticipated $100 million funding into BUIDL is some serious liquidity for this space to date in a single venue (Securitize Markets). Expect this listing to entice other public & private asset managers, issuers, and investors alike to contribute to the Securitize ecosystem. Where BlackRock goes, liquidity flows. Congrats to Carlos Domingo, Jamie H. Finn, Robert Mitchnick, and the Securitize and BlackRock teams on this deal. CC: Anthony B. and the Coinbase infrastructure tailwinds.

With yesterday's Securitize and BlackRock news (estimated $100 million USD Institutional Digital Liquidity Fund), we want to highlight the existing institutional #assettokenization trends and frameworks that will act as the bedrock for the industry all 2024. While some of the retail-focused #realworldasset protocols stole the show and garnered meaningful Total Value Locked (TVL) in Q3 and Q4 2023, institutional initiatives are moving just as fast, even if they're less "in your face" about it to the casual onlooker. Here's a follow-on of our most recent quarterly report's Key Takeaways and themes that buy-side and sell-side firms will make use of in their own strategic plays: - Gold Tokenization is coming back to bring "digital gold" right alongside Bitcoin and stores of value; Security Token Advisors 🌴 own client Arctic Digital Mining is unlocking in-ground deposits through the GiG token, while HSBC and Value Partners Group are digitizing hundreds of millions to billions of dollars of gold in storage to increase velocity - SC Ventures by Standard Chartered went on a buying spree to arm and launch its Libeara platform as a Recognized Market Operator (RMO) in Singapore - J.P. Morgan fully launching its Tokenized Collateral Network (TCN) with BlackRock as the ultimate collateral mobility vehicle for high-volume transactions. Citi doing similarly with Citi Token Services and even EquiLend getting involved in this week's Canton Network pilot program on #SecuritiesLending as we've been detailing since Q1 2023 - Chainlink dominating the interoperability scene. As our beloved market grows by number of service providers, number of issuances, number of asset classes, number of jurisdictions, and number of blockchains & networks, Chainlink Cross-Chain Interoperability Protocol (CCIP) is forging integrations and support to ensure a more fluid, less fragmented end result. Chainlink Labs is working on a broader range of internal and external solutions with massive institutions like ANZ and Swift We look forward to ushering quality issuers and players into this space day by day through our consulting and advisory arm. Our own client and report sponsor Blue Water Financial Technologies is bringing a diverse pool of #mortgage assets to the market in the near-term, usually only accessible to big spenders and licensed parties in the primary markets. We'll really see the power and promise of tokenized asset distribution in motion with Blue Water. https://lnkd.in/eriZdtjk

After a very successful Q4 2023 report launch, we are fielding sponsorship requests for our upcoming Q1 2024 publication. Please reach out to the STA team or Peter Gaffney 🌴 directly for additional details on exclusive sponsor and general coverage.