Ryan McCloskey’s Post

📈 The pilot involving The Depository Trust & Clearing Corporation (DTCC), Chainlink Labs, and ten major financial institutions, including J.P. Morgan and Franklin Templeton, has shown that these industry leaders are moving towards #Tokenization, #DeFi, and #WEB3. This collaboration aimed to bring price and rate data, specifically NAV data, to blockchains, showcasing a significant trend towards fund tokenization. 💡 By integrating critical fund administration data on-chain, these institutions are paving the way for a more efficient and transparent financial system. This incremental approach is setting the stage for large-scale fund tokenization, ultimately providing more information to investors and reducing operational costs.

This week’s "Chart of the Week" analyses the first-ever three-way token merger involving FET, AGIX, and OCEAN tokens, which are consolidating into ASI tokens. The merger commenced on July 1, starting with the suspension of withdrawals for AGIX and OCEAN, while FET continued to trade. The conversion involved AGIX and OCEAN tokens automatically converting to FET (currently trading at $1.34) on Binance, where customer balances were proportionally exchanged. This set the stage for the final step of the process, scheduled for mid-July, during which all FET held on centralized exchanges (CEXs) will convert to ASI tokens. Uses holding their tokens in self-custody will receive a step-by-step guide on how to make the conversion. Since the merger announcement by Coindesk on March 27, 2024, the price of FET tokens has fallen by 49%.

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2024 is the year of scaling up for the whole real world asset tokenisation industry. Chainlink is at the forefront of this - here is how. In 2023 we launched our Real World Asset tokenisation fund (it itself is tokenised) We also own Chainlink in our Crypto Fund, ranked Number 3 in Morningstar performance - In this we invest in the infrastructure plays that drive the shift to Web3 Financial rails. #2024theyearofscalingup https://lnkd.in/dUGcsEvj

Unlock the Future of Regulated Tokenization with MTOS! Ever wondered why regulatory compliance is crucial in the tokenization space? MTOS ensures seamless integration with MiCA and FINMA compliance features, verified digital custodianship, and a robust exchange infrastructure. 🔒 Key Highlights: MiCA Compliance Features: Stay ahead with full regulatory adherence. FINMA Compliance Features: Enhance trust and security in your tokenization processes. Verified Digital Custodianship: Ensure asset safety with our trusted custodians. Robust Exchange Infrastructure: Trade confidently with our secure and scalable platform. Ready to see how MTOS can elevate your projects? Explore the MTOS Demo Here ➡ https://lnkd.in/dNvY3unR #Funded_by_the_European_Union #NextGenerationEU

Heading to Consensus 2024 in Austin, TX this week! Excited to present AmmoCrypt and its innovative consumptive asset tokenization model. If you're attending Consensus, drop me a message to catch up and learn more. #Consensus2024 #AmmoCrypt #Tokenization #Assets #Innovation

Our CEO Luc Falempin shares insights on BlackRock's BUIDL fund and its impact on #tokenization and the future of money market funds (#MMFs). 🔸 BlackRock's move is driving institutional adoption of tokenization on #publicblockchains. 🔸 Attracted $245 million in assets under management (#AuM) in the first week showing the robust appetite from the buy side. 🔸 BUIDL's 24/7 availability and instant settlement capability attracted investors from Web3 like Ondo Finance to provide a better experience to its investors. 🔸 Players in the web3 space are starting to create solutions to support tokenized funds. E.g., Circle enables BUIDL holders to swap shares for USDC. 👉 What's next? Broader #distribution of tokenized MMFs across diverse trading platforms and #DeFi protocols. Read more in the document and subscribe to the newsletter here: https://lnkd.in/dVjxhF74

Three factors holding back the mass institutional adoption of tokenized assets: 1. Blockchains aren’t connected to the enterprise stack 2. Blockchains can’t talk to other blockchains 3. The ecosystem is fragmented One complete solution: Chainlink CCIP. Hear more from Chainlink Labs’ Niki Ariyasinghe on taking tokenization forward: https://lnkd.in/gyuXjA2P 

For the month of July we saw: ➡ 18.9mn trades processed via ClearLoop ➡ $121.2 bn ClearLoop notional traded volume ➡ 17.3k individual risk clearing settlements ➡ 3.6k inter exchange movements Copper’s off-exchange settlement solution continues to see record growth in user adoption and we look forward to continuing this growth as we make further integrations and unveil new exchange collaborations in the coming months. #ClearLoop BIT Exchange, Bitfinex, Bitget, Bybit, Deribit, Gate.io, Kraken Digital Asset Exchange, OKX, PowerTrade #DigitalAssets

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