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The Hong Kong Securities & Futures Commission (SFC) have issued a public warning of a suspicious link to ICE Global Professional Station mobile appappearing to impersonate $91 billion (market value) exchange giant Intercontinental Exchange, using similar name & logo and claiming to be a digital asset trading platform.  Investor has reported difficultly in withdrawing funds after investing in cryptocurrency products on ICE Global Professional Station. Read - https://lnkd.in/gb2YGAY8 follow Caproasia | Driving the future The Hong Kong Securities & Futures Commission (SFC) have issued a public warning of a suspicious link to ICE Global Professional Station mobile app appearing to impersonate $91 billion (market value) exchange giant Intercontinental Exchange, using similar name & logo and claiming to be a digital asset trading platform.  Investor has reported difficultly in withdrawing funds after investing in cryptocurrency products on ICE Global Professional Station.  Hong Kong SFC (21/8/24): “The Securities and Futures Commission (SFC) today warns the public of a suspicious access link through which investors can gain access to a mobile application of “ICE Global Professional Station”. ICE Global Professional Station, which claims to be a digital asset trading platform, appears to impersonate Intercontinental Exchange, Inc., a multinational financial services corporation, by using a similar name and logo.  ICE Global Professional Station is suspected to be involved in virtual asset-related fraud with an investor reporting difficulty in withdrawing funds after making deposits for investments in cryptocurrency products.  The access link to the mobile application of ICE Global Professional Station was posted on the SFC’s Suspicious Virtual Asset Trading Platforms Alert List on 21 August 2024.  Online investment scams may involve any types of asset and are perpetrated through multiple channels, and investors may suffer substantial losses. Investors should stay vigilant and beware of fraud when making investment decisions.”

Will Goldman Sachs, the leading global investment bank, launch 3 new tokenization products this year? It appears so. The investment bank seems preparing to launch such 3 new tokenization products in US and Europe, per a Cointelegraph report, quoting Fortune. A few noteworthy points in the report: - It plans to create “marketplaces for tokenized RWAs” and may focus on the “fund complex”. - It plans to target financial institutions, rather than retail investors. - The products will rely exclusively on "permissioned blockchains". The rationale for its targeting FIs (rather than retail investors) and relying on “permissioned blockchains" (instead of permissionless blockchains) seems understandable, given its current status of a leading global bank and its’ regulated businesses under the regulators’ supervisions. A similar trend has been observed in other global FIs’ pursuit of similar blockchain based projects. Will other banks or investment banks follow similar trends soon?   Read on more in the report! #blockchain #tokenization #tokenzedproducts #RWA #tokenizedRWA #crypto #cryptoassets #virtualassets #digitalassets (Any contents shared are only for information sharing purposes and are not any investment or legal advice or do not intend to support any product, price, company, platform, information, opinion, etc.)

"Tokenization offers unmatched benefits for institutional portfolios. It provides low correlation with traditional asset classes like equities and fixed income, enhancing the potential for portfolio diversification..." 🔻 Sabahattin Can Bukulmez, a partner at Blockchain Technology Services Company, BTguru, recently shared insights in his blog titled "The Future of Tokenization & Why Compliance Matters," highlighting key statistics and trends: ▶️ $10.9 trillion projected value of tokenized assets by 2030. ▶️ $766 million raised by the Hong Kong government through the world’s first multi-currency digital bond. ▶️ $99 million investment by State of Wisconsin Investment Board into BlackRock’s Bitcoin ETF. ▶️ 11 Spot Bitcoin ETFs attracted $40 billion in institutional investments by March 2024. ▶️ Spot Ether ETF exceeded $1 billion in trading volume on debut day (July 2024). ▶️ Institutional portfolios will hold 7.2% in digital assets by 2027. ▶️ Custody providers are prioritizing AML/KYC compliance, multi-party computation wallets, and proof of reserves to mitigate risks. #blockchain #cyrptoassets #tokenization

Hong Kong, Also Gets It's, Spot Bitcoin ETF Application. Additionally, Stablecoin Interest, From China’s Harvest Global... 📌📌 Venture Smart Financial Holdings is also aiming for a Spot-Bitcoin ETF, and is also currently, involved in formal discussions, regarding the 'Stablecoin Sandbox'. Additionally, 'Harvest Global Investments', a major asset management company in China, has also applied for a Spot-Bitcoin Exchange-Traded Fund (ETF) with Hong Kong's Securities and Futures Commission (SFC). It is also in discussions with regulators regarding, Hong Kong’s 'Stablecoin Sandbox', according to separate reports by both Tencent News and Bloomberg. Harvest Global did not, officially respond to a request for comment. The Securities and Futures Commission also, declined to officially comment. In December 2023, not less than two weeks after nearly a dozen applicants won approval for Spot-Bitcoin ETFs in the US, Hong Kong regulators said that they were also ready to consider applications for Spot crypto ETF's. Venture Smart Financial Holdings, a Hong Kong firm, has been on the record, to state that it will file a Spot Bitcoin ETF application. With hopes to start trading during the first quarter of 2024, Bloomberg reported earlier this month. Venture Smart Financial, along with Harvest and RD Technologies, are also among the more notable entities that are officially, reported to be in discussions with the Hong Kong Monetary Authority (HKMA) about its planned 'Stablecoin Sandbox'. Bloomberg reported, citing people familiar with the whole matter, that "the sandbox arrangement is intended for Fiat-Reference Stablecoin (FRS) issuers who have a genuine interest in and a reasonable plan on issuing FRS in Hong Kong," an HKMA spokesperson said in an official email. "The HKMA is preparing for the launch of the sandbox and will announce relevant details in due course." The HKMA, the central bank stakeholder in the stablecoin efforts of the region, didn't immediately respond to an official request for comment. Hong Kong's regulators have published official and comprehensive proposals for supervising stablecoin issuers through a licensing regime, for which feedback is sought by the end of February of this year. #CRYPTOdemandinHONGKONGandCHINAisSKYROCKETING... 🇨🇳 🇭🇰 #LFGCHINAandHONGKONG... 🚀🚀

Hong Kong, Also Gets It's, Spot Bitcoin ETF Application. Additionally, Stablecoin Interest, From China’s Harvest Global... 📌📌 Venture Smart Financial Holdings is also aiming for a Spot-Bitcoin ETF, and is also currently, involved in formal discussions, regarding the 'Stablecoin Sandbox'. Additionally, 'Harvest Global Investments', a major asset management company in China, has also applied for a Spot-Bitcoin Exchange-Traded Fund (ETF) with Hong Kong's Securities and Futures Commission (SFC). It is also in discussions with regulators regarding, Hong Kong’s 'Stablecoin Sandbox', according to separate reports by both Tencent News and Bloomberg. Harvest Global did not, officially respond to a request for comment. The Securities and Futures Commission also, declined to officially comment. In December 2023, not less than two weeks after nearly a dozen applicants won approval for Spot-Bitcoin ETFs in the US, Hong Kong regulators said that they were also ready to consider applications for Spot crypto ETF's. Venture Smart Financial Holdings, a Hong Kong firm, has been on the record, to state that it will file a Spot Bitcoin ETF application. With hopes to start trading during the first quarter of 2024, Bloomberg reported earlier this month. Venture Smart Financial, along with Harvest and RD Technologies, are also among the more notable entities that are officially, reported to be in discussions with the Hong Kong Monetary Authority (HKMA) about its planned 'Stablecoin Sandbox'. Bloomberg reported, citing people familiar with the whole matter, that "the sandbox arrangement is intended for Fiat-Reference Stablecoin (FRS) issuers who have a genuine interest in and a reasonable plan on issuing FRS in Hong Kong," an HKMA spokesperson said in an official email. "The HKMA is preparing for the launch of the sandbox and will announce relevant details in due course." The HKMA, the central bank stakeholder in the stablecoin efforts of the region, didn't immediately respond to an official request for comment. Hong Kong's regulators have published official and comprehensive proposals for supervising stablecoin issuers through a licensing regime, for which feedback is sought by the end of February of this year. #CRYPTOdemandinHONGKONGandCHINAisSKYROCKETING... 🇨🇳 🇭🇰 #LFGCHINAandHONGKONG... 🚀🚀

🔍 Global #financial #regulators, led by the International Organization of Securities Commissions (IOSCO), are taking a closer look at how digital technology is changing the way we handle #assets. They are evaluating if new guidelines are needed as this technology becomes a bigger part of the #finance world. This focus on #digitalassets is about understanding and using new tech to modernize how we invest and manage money globally. Stay updated as these developments could significantly influence the financial sector's future. #DigitalFinance #Investment #FutureOfFinance #IBMLinuxONE #tokenization #DLT #DeFi #blockchain #financialservicesindustry #KYOK #BYOK

Institutional Interest in DeFi: The Shift Towards Real Yields and Secure Investments 📊💼 The landscape of decentralized finance (DeFi) is experiencing a notable shift, with increasing interest from institutional investors driven by the allure of real yields and enhanced security measures. As the DeFi sector matures, it's becoming more intertwined with traditional financial practices, particularly through the integration of real-world assets (RWAs). Rising Institutional Interest Institutions are now eyeing DeFi for its potential to offer higher yields compared to traditional financial products. This interest is bolstered by improvements in DeFi protocols that enhance security and compliance, making them more attractive and accessible for traditional financial entities. With regulatory landscapes evolving, DeFi is poised to become a key player in the broader financial ecosystem (Cointelegraph) (CoinDesk) (ZenLedger). Integration of Real World Assets The integration of RWAs into DeFi is a significant trend, with stablecoins backed by tangible assets like U.S. Treasury bonds gaining popularity. This move towards asset-backed stablecoins aims to provide stability and trust, attributes highly valued by institutional investors. These developments are crucial as they bridge the gap between conventional finance and DeFi, offering a familiar yet innovative investment avenue (CoinDesk) (101 Blockchains). Technological and Regulatory Advances Technological advancements and clearer regulatory frameworks are making DeFi more appealing to institutions. These advancements include better on-chain analytics, smart contract-based asset management, and enhanced custody solutions, which collectively address previous concerns about security and compliance. As these tools mature, they lay a strong foundation for institutional capital inflow, promising a more stable and reliable DeFi environment (Quantstamp: Securing the Future of Web3). #DeFi #Investment #Blockchain #Technology #Crypto #Market

This is the re-introduction of crypto currency. Technology continues to reshape the way business is conducted. Looks like early adopters in commercial real estate and the financial services industry are leading the way. Factors influencing widespread acceptance: government regulation, customer acceptance, and business practices. https://lnkd.in/gPtKMiMF

🚨 Breaking: Moody’s Issues its First Rating for a Tokenised Singapore Bond Fund! 🚨 A major rating agency, Moody's Corporation's has assigned an AA rating to the tokenised SGD Delta Fund. Does this signal a new era of mainstream confidence in crypto-based financial products? Here's the breakdown: ⛓ The SGD Delta Fund is the first of its kind to tokenise Singapore government bonds. Putting them on blockchains Ethereum or Stellar. This makes them more transparent and easier to trade among certain investors. 🤩 Moody's gave it an AA rating, which is very good but not the highest. They like the quality of the bonds themselves. But, are a bit cautious because the fund manager, FundBridge Capital, is new to this type of fund. 📈 This is still a big deal for crypto because it shows that traditional finance is starting to take blockchain seriously. It's like getting a nod of approval from the old guard. While not perfect, Moody's pioneering rating suggests growing mainstream acceptance of crypto finance innovation. Read more about the rating here: https://lnkd.in/eQJAzkhY Follow us, moreliquid, to stay ahead of the latest updates in the tokenisation industry! 🚀