21Shares US’ Post

By bringing tokenized US Treasury bills (T-bills) to the XRP Ledger Community, OpenEden is bridging the gap between traditional finance and decentralized finance (#DeFi). T-bills are considered one of the safest investments, backed by the U.S. government*, and their tokenization means that these traditional, highly liquid assets are now available on a blockchain. This move reflects the growing trend of integrating traditional financial assets into the decentralized ecosystem and a massive opportunity for builders in the XRPL ecosystem. Tokenizing T-bills on Ripple's native blockchain, the XRP Ledger, will help to enhance liquidity and make these assets more accessible globally. Investors will be able to gain the benefits and yield attributed T-bills more easily and efficiently when compared to more traditional means of access. By building support for the XRP Ledger, known for its speed and low transaction costs, OpenEden will further streamline these processes and drive democratization for all. Exciting times ahead! 🚀 *Not investment advice

Tokenization platform OpenEden is bringing tokenized US Treasury bills (T-bills), to the XRP Ledger and its users for the first time. This is another example of how institutional access to decentralized finance is being driven by the tokenization of traditional real-world assets. What's more, Ripple is creating a fund to invest in tokenized T-bills, and will allocate USD$10M to OpenEden’s TBILL tokens as part of this fund. https://lnkd.in/g2wmDND6

SEC Chairman Announces Likely Approval of Spot Ethereum ETFs SEC Chairman Gary Gensler revealed that the regulator is poised to greenlight spot Ethereum exchange-traded funds (ETFs) in the coming summer, following the approval of eight 19b-4 filings on May 23. These ETFs will enable investors to trade in Ether without directly holding the asset, similar to existing spot Bitcoin ETFs. Gensler confirmed during a Senate Banking Committee hearing on June 13 that the registration process for these ETFs is progressing smoothly and anticipates completion by summer. The introduction of these ETFs is anticipated to take place by September, expanding the U.S. market to regulated and easily tradable investment vehicles for Ether. This move follows the launch of Ether futures ETFs last summer and the existence of CME Ethereum futures for several years. However, critics argue that Gensler's regulatory approach is impeding the growth of the crypto industry in the U.S., prompting innovation to thrive in more crypto-friendly countries. # Thank you Hikaru Tanaka for your submission!

Tokenization platform OpenEden is bringing tokenized US Treasury bills (T-bills), to the XRP Ledger and its users for the first time. This is another example of how institutional access to decentralized finance is being driven by the tokenization of traditional real-world assets. What's more, Ripple is creating a fund to invest in tokenized T-bills, and will allocate USD$10M to OpenEden’s TBILL tokens as part of this fund. https://lnkd.in/ghymH-mv

While my primary focus lies in natural skincare formulations and aesthetics, it is important to recognize that the evolving global financial landscape will have implications across all industries and sectors. The advancements in asset tokenization will inevitably influence even the most niche markets, including those dedicated to beauty and wellness. #XRPL #blockchain #tokenization

Tokenization platform OpenEden is bringing tokenized US Treasury bills (T-bills), to the XRP Ledger and its users for the first time. This is another example of how institutional access to decentralized finance is being driven by the tokenization of traditional real-world assets. What's more, Ripple is creating a fund to invest in tokenized T-bills, and will allocate USD$10M to OpenEden’s TBILL tokens as part of this fund. https://lnkd.in/g5iDyYn2

The approval of #Ethereum ETFs by the U.S. SEC signaled a new wave of institutional demand on Ethereum. 🚀 We look at the top three protocols that benefited from it #EtherFi in restaking, Ethereum Name Services, and #Ondo Finance in asset tokenisation. Find more Alpha in our newsletter: https://lnkd.in/gb_MRFZX #EthereumETFs 

Liquid Restaking - The Biggest Narrative and Risk of 2024. While Ordinals will be a major topic for the BTC ecosystem in 2024, Liquid Restaking Finance, made possible by EigenLayer, will be the focus of the ETH network. In a nutshell, users can get an additional liquid form of ETH on top of Liquid Staking tokens - $stETH, $rETH - which can be used in DeFi protocols while earning double yield from ETH staking and rewards from restaking Apps also known as Actively Validated Services (AVS). Some key projects in this area Kelp DAO, ether.fi, Swell Network, Renzo Protocol, Genesis, Restake Finance, Puffer Finance, Inception LRT, Rio Restaking, Agilely. See the image below for more info. Why is this also a risk? Essentially, Liquid Restaking Tokens (LRTs) compound leverage upon leverage like it was during the early stages of DeFi, thereby increasing the system's susceptibility to market volatility. We will likely also see apps/services, which actually don't need access to the Ethereum consensus layer and such security, but these projects will enter the market capitalizing on the current trend. Adding to all this a large number of governance tokens that will be released, trying to replicate the success of @LidoFinance and @Rocket_Pool, we are likely to see a moment of collapse, simply because of the 'overuse' of the whole system. However, at the end of the day, the potential opportunities far outweigh the risks. 🪙

In its 2024 Annual Regulatory Oversight Report, #FINRA has highlighted key considerations and effective practices, summarizing significant findings related to broker-dealers' involvement in #crypto assets activities. This is the first time FINRA has included this topic in its report. Notably, FINRA has approved a total of 26 firms for various roles in the crypto asset securities business, as disclosed by Jason Foye, Senior Director and Head of FINRA's Crypto Hub on the FINRA Unscripted podcast. These approvals include: - Nine firms for the private placement of crypto asset securities; - Nine firms to operate an Alternative #Trading System (ATS) for crypto asset securities; - Seven firms approved for both private placements and operating an ATS for crypto asset securities; and - One firm approved as a special purpose broker-dealer (SPBD), under the SEC's December 23, 2020, statement regarding the Custody of Digital Asset Securities by Special Purpose Broker-Dealers. FINRA's evolving regulatory approach towards crypto assets is offering clarity for new participants in this field. If you're considering entering this space, I invite you to connect for a conversation to discuss #risks, the regulatory framework, and the #compliance steps your firm should take. https://lnkd.in/dw-ZYWHd