Sygnum Bank’s Post

🙌 Crypto lending platform MakerDAO, the protocol behind the $5 billion stablecoin #DAI, is planning to invest $1 billion of its reserves in tokenized U.S. Treasury products. 📈 MakerDAO's competition to allocate funds will open next month, and would give a big boost for the $1.8 billion tokenized real-world asset space. 💲 Top issuers such as BlackRock-Securitize, Ondo Finance and Superstate are planning to apply. 🌊 Ondo Finance (#ONDO), the $550 million #RWA platform, also plans to participate. "It's a natural fit in our mission of bringing institutional-grade financial products and services to everyone," Nathan Allman, founder of Ondo Finance, said in a Telegram message. "We look forward to participating." 🙏 Thanks for the shout-out CoinDesk. 🚀 We are just getting started!

"Crypto lending platform MakerDAO, the protocol behind the $5 billion stablecoin DAI, is planning to invest $1 billion of its reserves in tokenized U.S. Treasury products. Top players in the space including BlackRock's BUIDL, Superstate and Ondo Finance are lining up to apply for the proposal." I predict by 2030, MakerDAO, Circle, and Tether combined will become the largest holder of U.S. Treasuries. The Eurodollar is evolving into the cryptodollar system. #defi #decentralizedfinance #ethereum https://lnkd.in/ebu_mjCX

Swiss Crypto ETF Pioneer Rakes in Billions: The Swiss fintech is regarded here – and now also in the U.S. – as a pioneer in crypto financial products. With the gains for tokens and coins, 21Shares is now on a roll. #21Shares

Here are articles we were reading this week: - Sam Bankman-Fried sentenced to 25 years in prison. https://lnkd.in/gHT2knFN - KuCoin Exchange and two of its founders criminally charged with Bank Secrecy Act and unlicensed money transmission offenses. https://lnkd.in/ejbCYBuA - BlackRock launches its first tokenized fund, #BUIDL, on the Ethereum network. https://lnkd.in/dYbNJN8d - DigiFT introduces first #RWA depository receipt tokens to safeguard investor’s rights and protection on-chain. https://lnkd.in/g3FNfUSX - London Stock Exchange will start market for #Bitcoin and #Ether ETNs on May 28th. https://lnkd.in/euwUtkD4 - HSBC launches tokenized gold for retail customers in Hong Kong on their Orion platform as government pushes for publicly accessible digital assets. https://lnkd.in/gT4YYDy3 #custody #digitalassets #custody

Jerald David, president of Arca, told Markets Media that it is “super important” that the asset manager’s treasury fund has become the first tokenized ‘40 Act fund to become available for secondary trading on an alternative trading system (#ATS). He said: “This is another important milestone and just the beginning of what we are going to see in digital assets.” The tokenized treasury fund, with assets of approximately $405,000, can be traded on Securitize Markets, enabling Arca to reach the objectives it set since the asset manager first started thinking about launching a #blockchain-enabled offering in 2018. 💡 David added: “This is a super important development as it shows there are regulatory compliant ways whereby digital asset securities can be utilized in ways that people envisioned when they first started thinking about blockchain back in 2015 or 2016.” Arca operates a web portal from Securitize Markets, who will offer #ArCoin alongside the other #digitalassets that can be traded by their customers. “This is unique and something that has not been done before,” said David. “This is one of the most novel use cases of blockchain and demonstrates how the technology can be used to create a regulatory compliant path forward, which many people in this industry have been struggling with.” David claimed that other funds do not have the ability to transfer a token in an unencumbered fashion. In contrast, he said investors can transfer Arcoins from their wallet without authorization from a transfer agent. “The process uses smart contracts and the U.S. Securities and Exchange Commission has permitted us to allow seamless transfers on a public blockchain,” he added. “This unlocks a whole host of different use cases, such as collateral management, treasury management and settlement.” More details in the full informative Markets Media article by Shanny Basar. #AltBanking The leading aggregator, bringing the best actionable news, information and opportunities in this rapidly evolving ecosystem right to you. Follow us to stay up-to-date! #finance #fintech #RWA #investment #tokenization #DeFi #Web3 #tokenisation #fund #innovation #arca #securitize https://lnkd.in/egHnqUMm

Swiss Crypto ETF Pioneer Rakes in Billions - finews.com: The Swiss fintech is regarded here – and now also in the U.S. – as a pioneer in crypto financial products. With the gains for tokens and coins, ...

BlackRock is doubling down on tokenization... and RWA coins are exploding 💥 BlackRock recently announced a $100 million digital asset fund, which will allow institutions to get into the world of decentralized finance. Larry Fink previously announced that the tokenization of assets will be a billion dollar business. His words are followed by actions as can be seen by this announcement. There's no doubt that real world asset coins will benefit heavily from this. Actually they already want up substantially. The leader of the RWA pack currently is ONDO, which is backed by BlackRock. But there are a ton of other interesting projects like Realio, IX Swap or Clearpool that all have tremendous upside potential. The best thing about these coins is that in contrast to many other coins actually serve a purpose. Whereas a lot of hyped (AI) coins are only vaporware, which benefit from the current narrative, RWA projects actually provide a benefit. In a way they represent what crypto (aside from Bitcoin being the best store of value) was actually meant to be. Given the success of BlackRock, there's little doubt left that RWA projects won't benefit heavily from the tokenization narrative. Today, stablecoins are the poster child of the RWA category, but it will soon be followed by things like: - ETFs being traded on crypto exchanges - Decentralized saving products - Fractional real estate ownership What's your take on 'real world asset' tokens?

Will HK's bitcoin ETFs spark institutional interest? Exciting news as Hong Kong Securities and Futures Commission grants initial approvals for spot BTC and ETH ETFs, signaling a major step in integrating virtual assets into traditional finance. Mr. Xu Yang, director of Tiger Brokers (HK) Global Limited, shares insights on the promising market outlook and potential for substantial capital influx. Click the link to read more: https://tigr.link/7tDaPd Not financial advice. Investment involves risk. #TigerBrokers #TigerTrade #TigerBrokersHK #bitcoin #ETF #SFC #BTC #ETH #finance #investment #fintech

An analysis by Cumberland of the potential of #tokenized money market funds (#MMFs) reveal that even a small fraction moving on-chain could revolutionize the digital asset landscape. Considering the fact that global MMF AUM reached $8.4 trillion in early 2023, Cumberland’s report suggests that if just 1.5% of this issuance were tokenized, it would surpass the current stablecoin market cap. This shift not only promises significant revenue opportunities but could also reshape the future of digital finance Read full report here: https://lnkd.in/e9qaqw-A

What's new about Hong Kong's Bitcoin spot ETF is that the securities watchdog has approved the "in-kind" trading mechanism for purchasing and redeeming ETFs using cryptocurrencies, in contrast to the U.S., which only accepts cash. This mechanism allows crypto holders to use their ETF shares as collateral for traditional financial assets without exchanging their virtual currencies for cash in those financial transactions. "It serves a huge purpose," said Marco Lim, managing partner at digital asset investment manager MaiCapital. "Let's say I am a Bitcoin billionaire... I can collateralize my ETF shares with a broker or bank, and then I can buy Tencent shares or other traditional finance assets." https://lnkd.in/gfBEUPEc