Vitaly Dubinin’s Post

👉 The World Economic Forum (WEF) held in Davos came to a close last Friday. A global event bringing together the most influential players in politics and business to discuss the upcoming trends in business. It was only a matter of time before the topic of “tokenization” was addressed by the biggest crypto players in the sector.  👉 Jeremy Allaire, the CEO of Circle, the USDC stable coin, discussed tokenization and how it introduces a new ownership dynamic that is hosted on a blockchain with the potential to impact multiple sectors of the economy. 👉 Allaire said he believes tokenization should not be regulated by the U.S. Securities and Exchange Commission (SEC), highlighting that tokenisation is similar to data and that the tokens are used to prove and represent things that hold value. 👉 One challenge, Allaire also stressed, is that the government says OK this is a novel new monetary instrument – it is not an equity or financial instrument. In the US there is the assertion that therefore tokens must be securities.   👉 Tokenizing traditional assets has also caught the attention of legacy financial institutions. According to recent report by Moody's Analytics, a leading investment risk assessment firm, the value of tokenized funds has surged from $100 million at the beginning of 2023 to approximately $800 million today, driven by the rising tokenization of U.S. treasuries. It will be interesting to see how the tokenisation trend plays out in 2024. #tokenization #futurestatealliance #securitytokens

The Grayscale Crypto Sectors categorize this emerging industry based on tokens' function, technical features, and investable exposure. Read our white paper to get started: https://lnkd.in/eaVDXvSK

21𝐗 𝐣𝐨𝐢𝐧𝐬 𝐩𝐚𝐧𝐞𝐥 𝐭𝐨 𝐝𝐢𝐬𝐜𝐮𝐬𝐬 '𝐁𝐚𝐅𝐢𝐧 𝐥𝐢𝐜𝐞𝐧𝐬𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐜𝐫𝐲𝐩𝐭𝐨 𝐬𝐞𝐜𝐭𝐨𝐫' 𝐚𝐭 𝐭𝐡𝐞 17𝐭𝐡 𝐅𝐢𝐧𝐚𝐧𝐳𝐩𝐥𝐚𝐭𝐳𝐭𝐚𝐠 𝐜𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞, 𝐅𝐫𝐚𝐧𝐤𝐟𝐮𝐫𝐭 21X today participated in its latest conference, with senior executive, Jeffrey Hartjes, joining a panel to discuss "Bafin licenses in the crypto sector - between regulatory necessity and barrier to innovation" at the 17th Finanzplatztag conference Börsen-Zeitung LIVE! in Frankfurt. Moderated by Dr. Duc Au, the panel also included Lutz Auffenberg, LL.M. and Phong Dao. The participants explored the crucial topic of how financial regulators can strike a balance between fostering innovation and ensuring responsible practices. Jeffrey shared his insights from 21X's experience working with both #esma and #bafin during our application for a #dlt exchange license under the EU DLT regulation (DLTR). The discussion covered: 𝑩𝒂𝒍𝒂𝒏𝒄𝒊𝒏𝒈 𝒓𝒆𝒈𝒖𝒍𝒂𝒕𝒐𝒓𝒚 𝒏𝒆𝒄𝒆𝒔𝒔𝒊𝒕𝒚 𝒘𝒊𝒕𝒉 𝒊𝒏𝒏𝒐𝒗𝒂𝒕𝒊𝒐𝒏: How can regulations support, rather than hinder, the development of the digital asset market? 𝑵𝒂𝒗𝒊𝒈𝒂𝒕𝒊𝒏𝒈 𝒕𝒉𝒆 𝑬𝒖𝒓𝒐𝒑𝒆𝒂𝒏 𝑫𝑳𝑻 𝑷𝒊𝒍𝒐𝒕 𝑹𝒆𝒈𝒊𝒎𝒆: Jeffrey provided valuable insights into our experience working with BaFin and ESMA over the past year. 𝑮𝒍𝒐𝒃𝒂𝒍 𝒅𝒊𝒈𝒊𝒕𝒂𝒍 𝒂𝒔𝒔𝒆𝒕 𝒓𝒆𝒈𝒖𝒍𝒂𝒕𝒊𝒐𝒏𝒔: The panel also explored how regulations are evolving in different jurisdictions around the world. Thanks to the panelists for providing valuable insights into the future of the digital asset market! #digitalassets #event #fintech #dlttss #fintech #tokenisation #capitalmarketstechnology #blockchain #tokenization #digitalsecurities #regulation https://lnkd.in/efxiBcG2  

Happy New Year! With 2023 in the rear view mirror, we take a look at a selection of trends that will continue to drive the space through its next phase of development: ⛓️ Layer 1 & Layer 2 wars –: not a new trend per se, but we have yet to see the L1/L2 development race play out and this will continue to be the case until the Web3 equivalents of Netscape and AoL definitively fall by the wayside. 🐵 NFTs –: NFTs do have utility beyond inscribing jpegs on a blockchain. While also emblematic of the broader digital shift in our cultural consciousness, their utility in protecting against the rapid rise of AI-driven content, addressing the provenance of our digital identities, and to represent different forms of physical and intellectual property, can't be ignored. 🏠 Real asset tokenization –: Despite this obvious potential, the #RWA segment has failed to deliver on the hype so far. But as the market continues to mature, more TradFi market participants will be stepping into the space as a greater measure of technological and regulatory standardisation allows for RWA scalability. 🏦 Institutional investment post-ETF approval –: the US spot Bitcoin ETF approval is almost here. As anticipated as this event is for those of us in the space, much of TradFi does not share this enthusiasm and will not act immediately once the SEC rubber stamps them. The trend of conservative institutional actors like pension funds deploying capital is very much a long-term event irrespective of the direction of market movements in the immediate aftermath of the approvals. Link to 2024 Trends Part 1: https://lnkd.in/dTXReXUy #digitalassets #NFTs #Bitcoinetf #tokenization

For those who may have missed it, I invite you to delve into the world of stablecoins through my latest blog post now available on Substack. https://lnkd.in/daMzBV6V In this comprehensive analysis, we navigate through the landscape of stablecoins, covering essential aspects such as: 1- The Vital Role of Stablecoins - Understanding their importance in the crypto ecosystem. 2- Expectations from Stablecoins - What should users look for in a stablecoin? 3- Maintaining the Peg - Strategies and rationale behind preserving value stability. 4- Fiat-Backed Stablecoins - A look into USDT, USDC, BUSD, TUSD, and the notable depegging of USDC. 5- CDP-Backed Stablecoins - Exploring DAI/MakerDAO, the impact of Black Thursday on DAI, the USDC-caused DAI depeg, and LUSD/Liquity. 6- Algorithmic Stablecoins - The dramatic UST collapse, and an introduction to USDD. 7- Hybrid Stablecoins - Discussing UXD & delta-neutral positions, the Mango Market incident, and the FRAX & Curve dynamics. 8- The Stablecoin Trilemma - An exploration of the challenges faced by stablecoins. This post aims to enrich your understanding of stablecoins and their critical role in the cryptocurrency market. Don't miss out on future insights – subscribe for free and ensure you're always in the loop with the latest posts. Enjoy your read and stay tuned for more enlightening discussions!

Attended ETHDenver last week, my first conference in the US. It did not disappoint 3 observations from the event 1. More innovation, less cash grab As someone who has also attended conferences in Asia, this is the biggest difference I see between the two regions In Asia, I tend to find more VCs and investors than projects. In Denver, it was the reverse Instead of talking to a project that is the 5th fork of a chain, I find myself talking to projects that are building super-niche solutions While this is probably a riskier approach, it pushes the boundaries a lot more 2. Too many narratives In the previous bull run, it was very clear cut that Defi was the innovative breakthrough driving adoption However, everyone I spoke to at this conference could not pinpoint what was the REAL driving force for this bull run (besides the Bitcoin ETF) You hear about Restaking, DePIN, AI agents, etc. Maybe we are in a cycle where the tech is lagging terribly behind the hype. And once most of us know that we are in for a rude awakening 3. Bringing Crypto into politics Seeing RFK, an independent US presidential candidate speak about how he will liberate Crypto transactions was interesting, to say the least He acknowledged that the strict (sometimes unfair) regulatory policies of the US towards Crypto have driven companies to Asia and the Middle East Never thought I would see a political person at a Crypto event, but as one of the organizers said - Crypto is never a politically neutral technology. Just by holding Crypto, you have made a political stance Not sure if I agree with that 100%, but I can see how this is true in certain parts of the world #ethdenver #web3 #crypto

In conversation with The Honorable Commissioner Caroline D. Pham, U.S. Commodity Futures Trading Commission (CFTC) and Rupert Harrison, Manager, Wholesale Cryptoasset Policy, Financial Conduct Authority (FCA). The CFTC and our Quorum 15 digital members gathered at an exclusive hybrid meeting with Commissioner Pham joined by Rupert Harrison from the FCA sharing experiences associated with overcoming challenges for market participants moving to both private blockchains and public and exploring how business models can be future-proofed and risk minimised, with greater agreement. It was good to see such positive dynamic between the two regulators and prominent globally based market participants. This relevant and highly interactive dialogue proved to be fascinating, investigating blockchain infrastructure and tokenisation; getting the right balance between liquidity and control; and thinking about the best ways how different regulatory bodies around the world can offer clarity across different regions amid a challenging political environment, whilst ensuring the entire financial system is protected by central banks. Thank you Caroline D. Pham, Harry Jung and Rupert Harrison for your involvement and to our participating Q15 Digital members. We look forward to continuing the conversation. U.S. Commodity Futures Trading Commission, Financial Conduct Authority, Quorum 15 #crypto #blockchain #tokenisation

🌐Embark on an exhilarating journey into the heart of the digital revolution at the Crypto Assets Conference on April 16, 2024! Attend for a day of exploration and discovery where innovation and finance converge in a captivating nexus. 🌟 Delve into the fascinating realms of Digital Assets, Digital Securities, and the groundbreaking concept of Tokenization of Assets. Uncover the disruptive forces reshaping the financial landscape, from the revolutionary #bitcoin to the cutting-edge developments of #web3 and the sustainable impact of Carbon Tokens.💡 #cryptoevent #cryptoassets #crypto

Though 2023 started with digital assets markets still very much in recovery mode and licking their wounds from the ravages of 2022's structural failures, it ended with a confirmed trend reversal and one of the most bullish setups to a year – both technically and fundamentally. In part 1 of my latest blog post, I take a look at the first 4 of a total of 7 trends that will continue to drive the space through its next phase of development. They are the following: ⛓️ Layer 1 & Layer 2 wars –: not a new trend per se, but we have yet to see the L1/L2 development race play out and this will continue to be the case until the Web3 equivalents of Netscape and AoL definitively fall by the wayside.   🐵 NFTs –: NFTs do have utility beyond inscribing jpegs on a blockchain. While also emblematic of the broader digital shift in our cultural consciousness, their utility in protecting against the rapid rise of AI-driven content, addressing the provenance of our digital identities, and to represent different forms of physical and intellectual property, can't be ignored. 🏠 Real asset tokenization –: Despite this obvious potential, the RWA segment has failed to deliver on the hype so far. But as the market continues to mature, more TradFi market participants will be stepping into the space as a greater measure of technological and regulatory standardisation allows for RWA scalability. 🅱 Institutional investment post-ETF approval –: the US spot #Bitcoin approval is almost here. As anticipated as this event is for those of us in the space, much of TradFi does not share this enthusiasm and will not act immediately once the SEC rubber stamps them – especially ultra-conservative institutions like pension funds. Therefore this trend is one to watch over the long-term, particularly how it impacts crypto ETP regulations in Asia, Africa, and other regions. Happy New Year! Link to article: https://lnkd.in/dTXReXUy #digitalassets #Nfts #Bitcoinetf #tokenization

Catch the crypto wave: Bitgert Coin (BRISE) is set to surge +1800% next week, drawing attention for its rapid, low-fee exchange and stability-focused system. https://lnkd.in/dFWD5DdG