The leading stablecoin firm Tether (USDT) has rolled out a private beta for a new tokenization platform. “Hadron by Tether” aims to simplify the tokenization process for stocks, bonds, funds, stablecoins, loyalty points, real estate, art and other assets, according to a new press release from the firm. Tether chief executive Paolo Ardoino notes the […]
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Tether has introduced Hadron, a new platform aimed at expanding asset tokenization to a broader market. Tether Launches Hadron Platform Tether, known as a leading issuer of stablecoins, has launched Hadron, a platform designed to streamline the process of asset tokenization. According to the announcement shared with Bitcoin.com News, the platform aims to make it […]
Fireblocks extends its services with the tokenization of tax refunds through NongHyup Bank.
Digital assets platform Fireblocks has signed a Memorandum of Understanding (MoU) with NongHyup Bank, a large South Korean bank specializing in commercial credit and banking services for the agricultural sector. They hope to launch a prototype for tax refunds.
Fireblocks and NongHyup Bank will use the Fireblocks Tokenization Engine in a pilot project to refund value-added tax (VAT) and goods and services tax (GST) on purchases at retail outlets. Fireblocks co-founder and CEO Michael Shaulov told Cointelegraph that they are looking to increase transparency and security. He said:
“This not only reduces operational costs but also ensures a secure, immutable record that strengthens trust between banks and their clients,” he added.
According to financial services firm Standard Chartered, real-world asset tokenization could reach a $30-trillion market cap by 2030.
BNB Chain has unveiled a new real-world asset tokenization service that provides individuals and businesses with a no-code solution to tokenize real-world assets in “minutes.”
According to the announcement, the new service streamlines the process of asset tokenization through in-built compliance tools and clear guidance through each step of the tokenization process — including asset securitization and onchain minting of tokens.
Outsourcing the tokenization process to the BNB Chain’s tokenization solution significantly reduces the cost, time and labor required to tokenize assets, lowering the barrier to entry for small businesses seeking to leverage real-world asset tokenization.
The Monetary Authority of Singapore (MAS) is advancing tokenization in financial services by launching Project Guardian, a collaborative initiative involving major financial institutions to develop and commercialize tokenized assets, including fixed income and funds. Deepening Liquidity of Tokenized Assets The Monetary Authority of Singapore (MAS) has revealed plans to advance tokenization in financial services. The […]
Institutional investments in Solana-based applications surged to $173 million in Q3 2024, marking a significant increase, according to a Messari report.
Update Nov. 1, 2:29 pm UTC: This article has been updated to include quotes from Messari Protocol Services.
Institutional investments in Solana-native blockchain applications have seen a resurgence in the third quarter of 2024.
During the third quarter, 29 Solana-based decentralized applications (DApps) raised a cumulative $173 million, marking a more than 54% increase compared to the previous quarter.
The U.S. Treasury’s report shows tokenized assets could drive significant demand for Treasuries, especially during crypto downturns. As Digital Assets Grow, Treasury Demand Finds Strength in Tokenized Safe Havens The U.S. Treasury Department released its Q4 2024 Treasury Borrowing Advisory Committee (TBAC) Quarterly Report on Wednesday, examining how digital assets, including bitcoin and tokenization, are […]
A swathe of new research reports from major traditional financial institutions predicts outsized growth and adoption of real-world asset tokenization over the next few years.
Real-world asset (RWA) tokenization is set for explosive growth over the next five years with assets under management potentially topping $600 billion by 2030, according to research papers from major traditional financial institutions.
Global consulting firm Boston Consulting Group called RWA tokenization “the third revolution in asset management,” in an Oct. 29 paper.
“We see a pattern of growing investor demand in the tokenized funds space,” said David Chan, managing director and partner at BCG.
Blade Labs, a Qatari tech company, has launched a platform for tokenizing Murabaha contracts, a type of Islamic finance. This innovation allows for broader access to Sharia-compliant financing, both for financial and non-financial institutions. Tokenized Sharia-Compliant Contracts Blade Labs, the Qatar-based tech company focused on blockchain and Web3, recently unveiled a platform for tokenized Islamic […]
The Central Bank of Brazil propped up tokenization and “open finance” as key elements of the future’s financial system. In a panel presentation before the IMF and the World Bank, the bank’s president stated that the intersection between these had been underestimated. Central Bank of Brazil Considers Tokenization Potential ‘Underestimated’ In a recent panel presentation […]