Bitcoin.LK’s Post

Explore Key Cryptocurrency Supply Metrics in Our Blog Navigating the complexities of financial markets requires an understanding of asset supply metrics, whether in traditional or digital forms. Our blog offers an in-depth analysis of critical supply metrics such as Max Supply, Total Supply, and Circulating Supply, presenting them alongside traditional financial concepts to aid professionals from a conventional finance background. The blog provides insights into how these metrics influence asset availability and market cap implications, informs investment decisions and market valuation, and underscores the importance of staked tokens for network security, compared to fixed-term deposits in traditional finance. See the comparisons between cryptocurrency supply metrics and traditional financial metrics in our blog 👇 https://lnkd.in/ek97m6dC

🤯 Huge News for Real-World Assets Citi forecasted #RWA to hit $5 trillion by 2030, and they have just announced they are stepping into the tokenized equity market…. Opulous is proud to stand at the forefront of #RWA tokens, championing music as the most reliable new asset class. Things are about to get very exciting! Read the full story 👇 #Crypto #Blockchain #Growth https://lnkd.in/eC46nuZh

#Citigroup, a global #banking powerhouse, has successfully completed a proof-of-concept trial on the #Avalanche Spruce Subnet. This #trial, conducted in collaboration with #WisdomTree and #Wellington Management, delved into the #tokenization of #privateequity #funds, showcasing #blockchain's transformative potential for #financial systems. Led by Nisha Surendran, Citigroup's #digitalassets lead, the trial demonstrated seamless end-to-end token #transfers, secondary #trades, and collateralized lending, all powered by #smartcontracts. More below 👇 #BlockchainInnovation #FinancialRevolution #unlockblockchain #blockchainnews https://lnkd.in/dKrSwrX3

With spot Bitcoin ETFs breaking record inflows, on-chain finance is bridging a new era for digital assets With increased participation from both retail and institutional investors in Spot #Bitcoin #ETFs and the wider digital assets ecosystem, on-chain finance is anticipated to adapt and grow dynamically, addressing continuous and ever-evolving needs for user protection. #chainalysis #ethereum #haven1 #polygon #solana

ONDO Price Targets $1.37: Reasons Driving the Rally Revealed Ondo Finance successfully tested the near-instantaneous conversions between USDC and BUIDL. A price breakout above $0.8276 for ONDO might lead to additional trading up to $1.37. Using its OUSG token, Ondo’s Finance was one of the first backers of the BlackRock BUIDL fund. The native coin of Ondo’s DAO, ONDO, has been exhibiting significant growth in the cryptocurrency market. The price of ONDO has resumed its upward trend, rising 8% in the past week to trade at $0.82. According to some market observers, this surge should continue and result in future profits of between 50% and 60%. Ondo Finance USDC CryptoCurrency #ONDO #USDC #blockchain #cryptonews #blackrock https://lnkd.in/eguVqqSg

The US Treasury’s tokenized on-chain platform has reached a significant milestone, surpassing $1 billion in transaction volumes. This milestone was reached recently after the launch of BlackRock's first tokenized security fund, BUIDL. BUIDL itself has reached a market cap of $244.8 million and is the second largest tokenized government security fund, following Franklin Templeton's FOBXX fund. This milestone signifies a significant step towards mainstream adoption of blockchain technology in the financial sector. It underscores the growing acceptance and integration of blockchain within traditional financial systems. This highlights its potential to revolutionize various aspects of both government operations and financial markets. Source: https://lnkd.in/dy2qe3gY

Global banks participate in large-scale blockchain pilot test! Major financial institutions, including Goldman Sachs, BNY Mellon, and Cboe Global Markets, have completed a large-scale pilot test using blockchain technology. According to a March 12 Bloomberg report, institutional investors executed over 350 simulated transactions via distributed ledger technology in areas such as tokenized assets, fund registry, digital cash, repo, securities lending, and margin management on the Canton network, which was launched in May 2023 by startup Digital Asset Holdings. The pilot test included 15 asset managers, 13 banks, four custodians, three exchanges, and the stablecoin issuer Paxos Trust. Click the link below to learn more.  #Uniramp #web3 #blockchain #crypto #defi  https://lnkd.in/d4FS6XEV

"Ripple, a provider of enterprise blockchain and crypto solutions, is allocating $10m to tokenized treasury bills with OpenEden after also collaborating with Archax, the UK regulated #digitalassets exchange, broker and custodian, to tokenize #realworldassets (RWAs). On 1 August Ripple said it will allocate $10m into tokenized US Treasury bills (TBILLs) on OpenEden’s tokenization platform. This is part of a larger fund that Ripple will allocate to tokenized T-bills provided by a number of issuers. At the same time, OpenEden will bring tokenized US Treasury bills to Ripple’s XRP ledger (XRPL) and its users for the first time. Jeremy Ng, co-founder of OpenEden said in a statement that purchasers will be able to mint its TBILL tokens via #stablecoins, including Ripple USD when it launches this year." #tokenization #cryptoadoption #cryptoassets