Anton Golub’s Post

Wall Street is ready to take over Crypto and the biggest players made their first steps in 2023! It's going to be a wild 2024, and here's what Wall Street did this year: 1. JPMorgan Chase & Co. Chase introduced euro-denominated payments to its blockchain system JPM Coin in June, letting companies shift cash automatically through programmable payments. BlackRock used JPMorgan's Tokenized Collateral Network to turn shares in one of its money market funds into digital tokens, which were then transferred to Barclays as collateral for an over-the-counter derivatives trade. 2. Societe Generale crypto asset subsidiary Societe Generale - FORGE issued a euro-denominated stablecoin on the Ethereum blockchain, listed on crypto exchange Bitstamp. AXA Investment Managers used the stablecoin to purchase Societe Generale's digital green bond that month. 3. Citi started piloting Citi Token Services, transforming customers' deposits into digital tokens that can be sent instantly anywhere in the world. It is also working alongside an interoperable network for wholesale payments called the Regulated Liability Network. Citi became the first digital custodian participant in fractional bond. 4. HSBC launched a platform that uses DLT to tokenize ownership of physical gold held in its London vault and plans to offer institutional clients a custody service for tokenized securities. 5. Euroclear launched a platform for issuing traditional securities using blockchain which was used by The World Bank to raise €100 million through a digital note. The note was listed on the Luxembourg Stock Exchange. Citigroup acted as the issuing and paying agent, TD Securities as the dealer and Euroclear Bank was the issuer central securities depository in the transaction. 6. Franklin Templeton used the Polygon Labs blockchain to process transactions and record share ownership for a US-registered mutual fund and later applied for a spot Bitcoin ETF. 7. PayPal launched its US-dollar-denominated stablecoin PYUSD. 8. Fnality International digital payments system had processed its first sterling transactions. The platform enabled Lloyd's, Santander, and UBS to transact in a digital cash asset-backed 1-to-1 by funds at the Bank of England. A month earlier it raised £77.7 million in a funding round led by Goldman Sachs and BNP Paribas. 9. DWS Group and Flow Traders teamed up with Galaxy to form a new company that will issue a euro-denominated stablecoin. 10. MoneyGram International enabled customers to use a stablecoin and blockchain infrastructure to send remittances. 11. The Depository Trust & Clearing Corporation (DTCC) is the main clearinghouse for the US stock market-acquired blockchain startup Securrency, whose technology could allow DTCC to facilitate the issuance of securities like exchange-traded funds on blockchain networks. #wallstreet #blockchain #crypto #blackrock #paypal

Wall Street is ready to take over Crypto and the biggest players made their first steps in 2023! It's going to be a wild 2024, and here's what Wall Street did this year: 1. JPMorgan Chase & Co. Chase introduced euro-denominated payments to its blockchain system JPM Coin in June, letting companies shift cash automatically through programmable payments. BlackRock used JPMorgan's Tokenized Collateral Network to turn shares in one of its money market funds into digital tokens, which were then transferred to Barclays as collateral for an over-the-counter derivatives trade. 2. Societe Generale crypto asset subsidiary Societe Generale - FORGE issued a euro-denominated stablecoin on the Ethereum blockchain, listed on crypto exchange Bitstamp. AXA Investment Managers used the stablecoin to purchase Societe Generale's digital green bond that month. 3. Citi started piloting Citi Token Services, transforming customers' deposits into digital tokens that can be sent instantly anywhere in the world. It is also working alongside an interoperable network for wholesale payments called the Regulated Liability Network. Citi became the first digital custodian participant in fractional bond. 4. HSBC launched a platform that uses DLT to tokenize ownership of physical gold held in its London vault and plans to offer institutional clients a custody service for tokenized securities. 5. Euroclear launched a platform for issuing traditional securities using blockchain which was used by The World Bank to raise €100 million through a digital note. The note was listed on the Luxembourg Stock Exchange. Citigroup acted as the issuing and paying agent, TD Securities as the dealer and Euroclear Bank was the issuer central securities depository in the transaction. 6. Franklin Templeton used the Polygon Labs blockchain to process transactions and record share ownership for a US-registered mutual fund and later applied for a spot Bitcoin ETF. 7. PayPal launched its US-dollar-denominated stablecoin PYUSD. 8. Fnality International digital payments system had processed its first sterling transactions. The platform enabled Lloyd's, Santander, and UBS to transact in a digital cash asset-backed 1-to-1 by funds at the Bank of England. A month earlier it raised £77.7 million in a funding round led by Goldman Sachs and BNP Paribas. 9. DWS Group and Flow Traders teamed up with Galaxy to form a new company that will issue a euro-denominated stablecoin. 10. MoneyGram International enabled customers to use a stablecoin and blockchain infrastructure to send remittances. 11. The Depository Trust & Clearing Corporation (DTCC) is the main clearinghouse for the US stock market-acquired blockchain startup Securrency, whose technology could allow DTCC to facilitate the issuance of securities like exchange-traded funds on blockchain networks. #wallstreet #blockchain #crypto #blackrock #paypal

Wall Street is ready to take over Crypto and the biggest players made their first steps in 2023! It's going to be a wild 2024, and here's what Wall Street did this year: 1. JPMorgan Chase & Co. Chase introduced euro-denominated payments to its blockchain system JPM Coin in June, letting companies shift cash automatically through programmable payments. BlackRock used JPMorgan's Tokenized Collateral Network to turn shares in one of its money market funds into digital tokens, which were then transferred to Barclays as collateral for an over-the-counter derivatives trade. 2. Societe Generale crypto asset subsidiary Societe Generale - FORGE issued a euro-denominated stablecoin on the Ethereum blockchain, listed on crypto exchange Bitstamp. AXA Investment Managers used the stablecoin to purchase Societe Generale's digital green bond that month. 3. Citi started piloting Citi Token Services, transforming customers' deposits into digital tokens that can be sent instantly anywhere in the world. It is also working alongside an interoperable network for wholesale payments called the Regulated Liability Network. Citi became the first digital custodian participant in fractional bond. 4. HSBC launched a platform that uses DLT to tokenize ownership of physical gold held in its London vault and plans to offer institutional clients a custody service for tokenized securities. 5. Euroclear launched a platform for issuing traditional securities using blockchain which was used by The World Bank to raise €100 million through a digital note. The note was listed on the Luxembourg Stock Exchange. Citigroup acted as the issuing and paying agent, TD Securities as the dealer and Euroclear Bank was the issuer central securities depository in the transaction. 6. Franklin Templeton used the Polygon Labs blockchain to process transactions and record share ownership for a US-registered mutual fund and later applied for a spot Bitcoin ETF. 7. PayPal launched its US-dollar-denominated stablecoin PYUSD. 8. Fnality International digital payments system had processed its first sterling transactions. The platform enabled Lloyd's, Santander, and UBS to transact in a digital cash asset-backed 1-to-1 by funds at the Bank of England. A month earlier it raised £77.7 million in a funding round led by Goldman Sachs and BNP Paribas. 9. DWS Group and Flow Traders teamed up with Galaxy to form a new company that will issue a euro-denominated stablecoin. 10. MoneyGram International enabled customers to use a stablecoin and blockchain infrastructure to send remittances. 11. The Depository Trust & Clearing Corporation (DTCC) is the main clearinghouse for the US stock market-acquired blockchain startup Securrency, whose technology could allow DTCC to facilitate the issuance of securities like exchange-traded funds on blockchain networks. #wallstreet #blockchain #crypto #blackrock #paypal

As a former banker: The Bitcoin ETF matters. Ex-colleagues across big banks I used to work with agree. Here's why 👇 The ETF approvals mean that any pension fund or retail investor can buy Bitcoin without opening a Crypto wallet or ever touching the underlying asset. 🧠 The ETF is a true watershed moment for banks internally. I spoke to senior leaders at several bulge bracket banks on Monday at the Palace of Westminster, and they all said the internal bank reaction is huge. This is a moment of legitimacy for the asset class. 🧠 A reversal of fortunes for digital finance. The future of finance will be tokenized. All asset classes will become tokens, from cash to securities and commodities. We're building a new infrastructure for capital markets and cross-border payments. That's game-changing for Fintech. 🧠 Ignore the price speculation. There's nothing that generates clicks like a Bitcoin price prediction and nothing quite as infuriating as someone who's a fan of the technology. 🧠 The hate is misguided. Crypto doesn't help itself with high-profile scams and hacks, but so much of this happens out in the open. Whereas in financial services, when $2bn is laundered by Mexican cartels through a bank or oligarchs are hiding money in Panama, we seem to quickly forget. Wherever there's money, bad things happen. Crypto can and needs to improve, but it's not the asset's fault. 🧠 Ethereum could be next up for an ETF. The second largest asset is quietly used by major institutions, and regulators have experimented with it. With JP Morgan and the Singapore monetary authority, Project Guardian proved that fully regulated institutions can use stablecoins. The Bank of International Settlements has also experimented with Uniswap, like automated market making. "Decentralization" is taken much more seriously by serious people than you might expect if you just watch the news. 🧠 What about other assets? The UK has launched its digital securities sandbox. This means you could build an entirely tokenized securities offering under the regulator's spotlight in the world's second-largest capital market. London. 🧠 Tokenization makes assets programmable, global, and open-loop. For example, Stablecoins are far more efficient than traditional settlement systems for cross-border payments and complex transactions. Why? Because they're programmable, global, open loop, and instant. Name another payment rail that's true for. 🧠 This has been a long time coming. By the time something happens, it's boring. But this is huge for everyone who has worked to clean up Crypto and build a better financial market infrastructure. The lawyers, the bankers, the lobby groups, and the startups, all of you, well done. PS. No I won't shut up about the Bitcoin ETF, this is a huge moment for those have been working for a long time to deliver on the promise of the technology in spite of the pitfalls. #fintech #crypto #bitcoin

As a former banker: The Bitcoin ETF matters. Ex-colleagues across big banks I used to work with agree. Here's why 👇 The ETF approvals mean that any pension fund or retail investor can buy Bitcoin without opening a Crypto wallet or ever touching the underlying asset. 🧠 The ETF is a true watershed moment for banks internally. I spoke to senior leaders at several bulge bracket banks on Monday at the Palace of Westminster, and they all said the internal bank reaction is huge. This is a moment of legitimacy for the asset class. 🧠 A reversal of fortunes for digital finance. The future of finance will be tokenized. All asset classes will become tokens, from cash to securities and commodities. We're building a new infrastructure for capital markets and cross-border payments. That's game-changing for Fintech. 🧠 Ignore the price speculation. There's nothing that generates clicks like a Bitcoin price prediction and nothing quite as infuriating as someone who's a fan of the technology. 🧠 The hate is misguided. Crypto doesn't help itself with high-profile scams and hacks, but so much of this happens out in the open. Whereas in financial services, when $2bn is laundered by Mexican cartels through a bank or oligarchs are hiding money in Panama, we seem to quickly forget. Wherever there's money, bad things happen. Crypto can and needs to improve, but it's not the asset's fault. 🧠 Ethereum could be next up for an ETF. The second largest asset is quietly used by major institutions, and regulators have experimented with it. With JP Morgan and the Singapore monetary authority, Project Guardian proved that fully regulated institutions can use stablecoins. The Bank of International Settlements has also experimented with Uniswap, like automated market making. "Decentralization" is taken much more seriously by serious people than you might expect if you just watch the news. 🧠 What about other assets? The UK has launched its digital securities sandbox. This means you could build an entirely tokenized securities offering under the regulator's spotlight in the world's second-largest capital market. London. 🧠 Tokenization makes assets programmable, global, and open-loop. For example, Stablecoins are far more efficient than traditional settlement systems for cross-border payments and complex transactions. Why? Because they're programmable, global, open loop, and instant. Name another payment rail that's true for. 🧠 This has been a long time coming. By the time something happens, it's boring. But this is huge for everyone who has worked to clean up Crypto and build a better financial market infrastructure. The lawyers, the bankers, the lobby groups, and the startups, all of you, well done. PS. No I won't shut up about the Bitcoin ETF, this is a huge moment for those have been working for a long time to deliver on the promise of the technology in spite of the pitfalls. #fintech #crypto #bitcoin