21.co’s Post

The market for tokenized U.S. Treasury debt is booming, with $1.08 billion in Treasury notes now tokenized through public blockchains, marking a nearly 10-fold increase since January 2023. ℹ️ Data tracked by Tom Wan, an analyst at crypto firm 21.co, highlights the increasing popularity and market value of tokenized U.S. Treasury notes, offering insights into the evolving dynamics of blockchain-based finance. 💰 This surge in tokenization comes amidst elevated interest rates worldwide, with the market value of tokenized Treasury notes rising by 18% since the announcement of BlackRock's Ethereum-based tokenized fund BUIDL on March 20. 📊 Notably, BUIDL has seen an impressive 400% increase in supply, reaching $240 million, making it the second-largest fund of its kind. OndoFinance emerges as the largest holder of BUIDL, now backing its OUSG with 38% of the total supply. 💡 Investing in tokenized Treasuries provides crypto investors with a diversified portfolio option, enabling flexible transaction settlements while navigating the changing landscape of traditional finance. Source: https://lnkd.in/eayRXrwc #Tokenization #Blockchain #Finance #CryptoInvesting #USFinance #Ethereum #DigitalAssets #Crypto

Are you experienced or curious in crypto? Do you have ambitions to follow, apply and contribute to the regulatory developments in crypto and financial products based on crypto? Are you tenacious enough to pave the way between CH, EU, UK and many other jurisdictions? And have the flexibility and speed to keep up with rapid developments in this space to boot?   Then we look forward to getting to know you! Become part of 21.co! https://lnkd.in/ejcQVRkt #fintech #inhouselawyers #regulatory

Over $1B in U.S. Treasury Notes Has Been Tokenized on Public Blockchains The market for tokenized U.S. Treasury debt is booming. The market value of Treasury notes tokenized through public #blockchains like Ethereum, Polygon, Valanche, Stellar and others has crossed above $1 billion for the first time, data tracked by Tom Wan, an analyst at #crypto firm 21.co, show. https://lnkd.in/ejdiQPXm #cryptocurrency #cryptonews

Top 10 Cryptocurrencies to buy in 2024 1. Bitcoin (BTC) Market cap: $1.2 trillion Year-over-year return: 101% 2. Ethereum (ETH) Market cap: $405.0 billion Year-over-year return: 79% 3. Tether (USDT) Market cap: $112.9 billion Year-over-year return: 0% 4. Binance Coin (BNB) Market cap: $84.4 billion Year-over-year return: 139% 5. Solana (SOL) Market cap: $63.4 billion Year-over-year return: 709% 6. U.S. Dollar Coin (USDC) Market cap: $32.8 billion Year-over-year return: 0% 7. XRP (XRP) Market cap: $26.5 billion Year-over-year return: -2% 8. Toncoin (TON) Market cap: $18.7 billion Year-over-year return: 430% 9. Dogecoin (DOGE) Market cap: $17.9 billion Year-over-year return: 87% 10. Cardano (ADA) Market cap: $14.0 billion Year-over-year return: 36% #bitcoin # Ethereum #Cardano #Dogecoin #Toncoin #XRP #Solana #BinanceCoin #Tether Reference : Forbes https://lnkd.in/d2r2rYAK

The world of finance is on the brink of a seismic shift as cryptocurrencies and blockchain technology revolutionize how we perceive and interact with assets. Institutional investors and traditional finance giants, recognizing the transformative potential of these technologies, are actively exploring real-world applications to unlock new opportunities and markets. Among the most promising innovations is asset tokenization, a process that converts real-world assets into digital tokens on a blockchain. Digital Asset Manager 21.co estimates the market for tokenized assets could reach a staggering $10 trillion in a bullish scenario and $3.5 trillion in a conservative outlook. As asset tokenization gains traction, it prompts a critical inquiry: How will this innovative approach reshape traditional finance and create new avenues for growth and investment? The answer lies in the profound implications of asset tokenization, which promises to democratize access to previously illiquid assets, streamline financial processes, and redefine the very nature of ownership in the digital age #tokenization #blockchain #payments #banking #markets #blockchaintechnology # https://lnkd.in/dneAY-SN

The article does an excellent job of highlighting the core concept of "programability" in Web3.0 financial applications. This programmability is one of the primary reasons why Web3.0 financial applications are poised to surpass traditional finance (TradFi). Traditional Finance (TradFi): “Governments can default on their debt obligations, as evidenced by Argentina's 2020 debt default.” (would the US Treasury be next?) Decentralized Finance (DeFi): “Ethereum, on the other hand, cannot default on staked ether. The network's underlying code ensures that users can always access their funds and that the yield is continuously generated, regardless of external circumstances.” Beyond programmability, it also provides a meaningful comp on Inflation, Political and Regulatory risks of TradFi vs DeFi https://lnkd.in/gEYR8PVv

A "back in my day" post... standard HU and IT government bonds were often not high enough quality collateral for covering exposure, now the GMRA has a Digital Asset annex albeit for tokenized securities or asset backed digital assets. Coin Backed Securities was a play on words I adopted about 8 years ago when entering the digital asset space. Now, this annex has the aim of supporting continued growth and innovation of digital assets in the repo market, particularly intra day repo. However, with the matriculation of bitcoin into the ranks of global macro products, now stronger MTM valuation, and DTCC acquiring Securrency for digital asset infrastructure and "institutional DeFi" (whatever machination that purports to be), it's a matter of time before BTC could be eligible collateral in a repurchase agreement alongside tokenised RWAs. Cue the dissenters.

The article does an excellent job of highlighting the core concept of "programability" in Web3.0 financial applications. This programmability is one of the primary reasons why Web3.0 financial applications are poised to surpass traditional finance (TradFi). Traditional Finance (TradFi): “Governments can default on their debt obligations, as evidenced by Argentina's 2020 debt default.” (would the US Treasury be next?) Decentralized Finance (DeFi): “Ethereum, on the other hand, cannot default on staked ether. The network's underlying code ensures that users can always access their funds and that the yield is continuously generated, regardless of external circumstances.” Beyond programmability, it also provides a meaningful comp on Inflation, Political and Regulatory risks of TradFi vs DeFi https://lnkd.in/gNYvV-BK

FSC has issued a consultation paper on “Decentralised Finance (DeFI): Regulatory Considerations on Financial Collaterals”. DeFi (decentralized finance) commenced to gain adoption and users in 2020, experiencing a 20x fold increase in TVL (total value locked) within the DeFi ecosystem. Ever since, lot of new DeFi applications have been built and launched, enabling users all over the world to leverage their crypto assets for a variety of decentralized financial services including lending, borrowing, staking for yield, and more. DeFi promotes greater financial inclusion by making financial services available to anybody with an internet connection. It also allows for more efficient and cost-effective transactions, as well as chances for individuals to generate passive income through lending or liquidity provision.