Harvey L.’s Post

We're excited to have been featured in a recent Markets Media article that highlights a key hypothesis from our report on tokenisation: "Market growth for tokenised assets is projected to substantially outgrow the crypto market." These insights will have far-reaching implications for the custody industry: 🔹 Custody services will expand beyond cryptocurrencies to include a wide range of tokenised assets, including NFTs and tokenised securities. 🔹 Custodians must adapt to facilitate new use cases such as staking, re-staking, lending, and borrowing of tokenised assets. 🔹 New market segments are emerging, with two in particular: crypto natives with high technical capabilities, and traditional finance players new to digital asset custody. As Deborah Algeo, our Head of Enterprise, notes: "Stablecoins are where a lot of organisations, especially in Singapore and Hong Kong, are looking to start their tokenization journey. A lot of big financial institutions have moved out of development environments and into production." At Zodia Custody, we're prepared for this evolving landscape. Read the full article now – link in the comments below. 👇

Jigs to a record surge in digital asset investment products, with record weekly inflows reaching US$2.45 billion and year-to-date inflows at US$5.2 billion. This reflects a significant shift in investor sentiment towards cryptocurrencies. The lion's share of these inflows is attributed to the United States, underlining the growing interest and acceptance of digital assets within traditional financial markets. In addition, the issuance of guidelines and standards for digital asset custody by the Hong Kong Monetary Authority further legitimizes the role of cryptocurrencies in the global financial landscape. This signals continuous regulatory recognition and paves the way for greater institutional involvement in the crypto market. Hong Kong looks to reclaim its role as the crypto Hub of the world. The increasing participation of institutional investors in crypto assets is expected to drive even larger inflows of capital into this burgeoning asset class. As more institutional players enter the market, it not only enhances liquidity but also brings a level of credibility and stability that can attract further investment from a wider range of investors.

Tokenisation has been a very prominent part of our Enterprise conversations and work. This is largely driven by our approach, focusing on bringing together traditional financial governance and robust security solutions, which has been essential as more institutions move into the digital asset space. I’m looking forward to continuing these efforts, helping institutions navigate the complexities of digital assets with a focus on security and compliance. #DigitalAssets #Innovation #Custody #Tokenisation

DBS Digital Exchange (DDEx) has registered strong growth this year. Trading value nearly tripled in the first five months of this year in Singapore dollar terms, compared to the same period in 2023. In addition, the number of active trading clients on DDEx grew 36%, while digital assets custodised with DBS Bank surged over 80% in Singapore-dollar terms. These strong metrics underscore our clients’ recognition of our value proposition: complete safety over assets, seamless access to an entire ecosystem of digital asset services, and the ability for clients to manage digital asset and traditional portfolios side-by-side. The year ahead will be even more exciting. I shared with Claire Huang from The Straits Times that my team at DDEx is closely studying a suite of new products to meet the evolving requirements of professional investors, which are increasingly viewing digital assets as a legitimate part of their alternative portfolios. For instance, these investors don’t just want capital gains from the tokens they hold – they also want to earn rewards from it. As such, we’re studying providing our clients ETH staking as a service. We’re also studying listing stablecoins on DDEx. In addition, we’re working to attract more market makers to grow DDEx’s depth, and to develop an RFQ model for investors who do large trades. The full story here: https://lnkd.in/gWY3aipd

Coming into 2024, highlighting Richard Walker’s assessment on the WhiteSight 2023 Roundup. The progression of established financial institutions and innovative solution platforms accelerating securities and real world asset tokenization sets the table for a boom in tokenization. Compliant infrastructure is crucial. BankWyse is custom built to provide the digital asset infrastructure to support the imminent growth of #tokenization. The all-in-one solution for Qualified Custody integrates #digitalassets with fiat deposits and payment services, enabling seamless access. #fintech #banking #digitalization #technology #blockchain Julie Fellows Justin Culver Dessa Bokides Brenda Kaser-Burger, MSM, CDI.D Marcus Martin Milena Kohlhofer Emmanuel Aidoo Eric T. Joseph B. Evans Paola Origel James C. Knox, Esq. Pratin Vallabhaneni Gabriella Kusz Renata K. Szkoda Thomas Sullivan Jack Murphy Keith Styrcula Annelise Osborne Kathleen Wrynn

Germany's largest bank Deutsche Bank ties up with #crypto broker Bitpanda to process customer transactions. Despite a "very cautious" approach, does this signal a comeback for #cryptocurrencies? Read on! https://lnkd.in/gG64qAct #Bitpanda #FinTech #TechNews #StayInformed #StayAhead #dailydose #followus #staytuned #stayconnected #technews #technology #trending #trendingnow #trendingnews #explore #explorepage #techdogs

💎 Major News Alert! Crypto Finance AG, backed by Deutsche Börse Group, secures FOUR licenses from BaFin! Europe's digital asset arena levels up with institutional-grade solutions! Get ready for a wild ride in Europe's crypto journey!

🐯 Tiger Brokers (HK) officially launches virtual asset trading services, leading the way in Hong Kong's online brokerage industry. Tiger Brokers (HK) announced the launch of its virtual asset trading services, becoming one of the first online fintech brokers in Hong Kong to offer a single platform that allows trading and managing both traditional securities and virtual assets. Professional investors in Hong Kong can now use Tiger Trade, Tiger Brokers' flagship investment app, to trade 18 virtual assets including Bitcoin (BTC) and Ethereum (ETH), alongside stocks, options, futures, US Treasury bonds, funds, and other global assets, all at an affordable cost. This eliminates the need for multiple accounts across different brokers and platforms, making global asset allocation simpler and more convenient. Tiger Brokers (HK) continues to offer competitive trading rates, with virtual asset trading fees at only 0.2% of the transaction value, and custody fees waived.* Discover what sets Tiger Trade apart in the realm of virtual asset trading: 📝 Licensed by the Hong Kong Securities and Futures Commission, ensuring credibility and trustworthiness. 💰 Benefit from low and transparent fees. Enjoy competitive commissions with no hidden charges, and experience hassle-free fund withdrawals.* ⚡ Experience a smooth interface and lightning-fast transactions. With a user-friendly design and access to 24-hour free information, investing has never been easier or more efficient. 📱 Learn more about virtual asset trading services: https://tigr.link/7CX2MF #老虎證券 #TigerTrade #Fintech #Cryptocurrency #AssetManagement #Security #SFCRegulated #InnovationInTrading #24_7Trading #bitcoin #investment #brokers #onlinebrokers #1stoptrading #finance *Investment involves risks. This material is not and should not be construed as an offer to buy or sell any security. It should not be construed as research or investment advice or a recommendation to buy, sell or hold any security. The information has not reviewed by the Securities and Futures Commission. Virtual assets can be highly volatile. Investors should read the relevant offering documents and consult with their own advisors before making investment decisions. The services are offered to professional investors only.

Hong Kong's stablecoin sandbox hoped to create a safer place for innovation to play as stablecoins grow in importance and move into the sights of regulators https://wix.to/3UATncS #stablecoins #regulation #clarity

This white paper from Deutsche Bank and Northern Trust https://lnkd.in/gyvrrgaD on institutional DeFi highlights a critical intersection that's reshaping the financial landscape: the convergence of decentralized finance (#DeFi) and asset tokenization. 📢 𝐒𝐢𝐱 𝐫𝐞𝐚𝐬𝐨𝐧𝐬 𝐰𝐡𝐲 𝐭𝐡𝐢𝐬 𝐜𝐨𝐧𝐯𝐞𝐫𝐠𝐞𝐧𝐜𝐞 𝐦𝐚𝐫𝐤𝐬 𝐚 𝐩𝐢𝐯𝐨𝐭𝐚𝐥 𝐦𝐨𝐦𝐞𝐧𝐭 𝐟𝐨𝐫 𝐢𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧𝐚𝐥 𝐟𝐢𝐧𝐚𝐧𝐜𝐞: 1. 𝐄𝐱𝐩𝐚𝐧𝐝𝐢𝐧𝐠 𝐭𝐡𝐞 𝐀𝐬𝐬𝐞𝐭 𝐔𝐧𝐢𝐯𝐞𝐫𝐬𝐞: DeFi protocols, originally built for crypto-native assets, are now being adapted for tokenized real-world assets. This expansion is not just about digitizing traditional securities; it's about creating entirely new asset classes and financial products. The paper's mention of tokenized funds and refinancing of tokenized instruments using stablecoins is just the tip of the iceberg. 2. 𝐋𝐢𝐪𝐮𝐢𝐝𝐢𝐭𝐲 𝐑𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧: By bringing tokenized assets into DeFi ecosystems, we're witnessing a potential liquidity revolution. Assets that were once illiquid or had limited trading venues can now tap into global, 24/7 liquidity pools. This could dramatically reshape how we think about asset liquidity and valuation. 3. 𝐏𝐫𝐨𝐠𝐫𝐚𝐦𝐦𝐚𝐛𝐥𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐞: The fusion of DeFi and tokenization introduces unprecedented programmability to financial assets. Smart contracts can automate complex financial operations, potentially reducing costs and increasing efficiency in asset management. 4. 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐀𝐝𝐚𝐩𝐭𝐚𝐭𝐢𝐨𝐧: As the paper notes, regulators are beginning to grapple with this new paradigm. The principle of "𝐬𝐚𝐦𝐞 𝐚𝐜𝐭𝐢𝐯𝐢𝐭𝐲, 𝐬𝐚𝐦𝐞 𝐫𝐢𝐬𝐤𝐬, 𝐬𝐚𝐦𝐞 𝐫𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧𝐬" suggests that tokenized traditional assets will be regulated based on their nature, not their form. This regulatory clarity is crucial for institutional adoption. 5. 𝐍𝐞𝐰 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞𝐬: The blend of DeFi principles with tokenized assets is giving rise to novel market structures. We're moving away from traditional, siloed systems towards more open, interoperable financial ecosystems. This shift could redefine roles in the financial industry and create new opportunities for innovation. 6. 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐀𝐡𝐞𝐚𝐝: Significant challenges remain. Issues of custody, compliance, and prudential treatment of these assets need robust solutions. The industry must collaboratively work on standards for interoperability and risk management to fully realize the potential of this convergence. As financial institutions continue to explore this space, the question for institutions now is not whether to engage with this trend, but how to strategically position themselves in this evolving landscape. #DeFi #tokenization #digitalassets #rwa #FinTech #blockchain