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Russia Cautious on Tokenizing Real-World Assets

Russia Cautious on Tokenizing Real-World AssetsThe Bank of Russia’s report highlights the potential benefits of tokenizing real-world assets but also emphasizes the need for a clear regulatory framework. Expanding the Value of Traditional Assets While tokenization has the potential to increase liquidity for real-world assets, among other benefits, a Bank of Russia report notes that Moscow’s legal framework for tokenization […]

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CFTC report endorses tokenizing trading collateral 

Distributed ledger technology can help solve longstanding challenges in US financial markets, the report says.

The Commodity Futures Trading Commission (CFTC) has endorsed using blockchain technology to manage trading collateral in United States derivatives markets, according to a Nov. 21 report by the CFTC’s Global Markets Advisory Committee.

Blockchain technologies — including distributed ledgers and tokenization — can address longstanding challenges for traditional derivatives exchanges and expand the variety of assets available to collateral trades, the report said.

“All over the world, there have been successful and proven commercial use cases for tokenization of assets,” CFTC Commissioner Caroline D. Pham said in a statement, adding:

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Sui, Franklin Templeton launch ecosystem partnership

The asset manager will support builders on Sui and pilot emerging blockchain technologies on the network. 

Asset manager Franklin Templeton has partnered with Sui to develop new blockchain technologies and use cases on the layer-1 network, Sui said on Nov. 22.

The partnership will prioritize “supporting Sui ecosystem builders and deploying novel technologies leveraging the Sui blockchain protocol,” Sui said.

Franklin Templeton has aggressively expanded its tokenized security products to new blockchain networks, including Ethereum layer-2s Arbitrum and Base.

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Top Stablecoin Firm Tether (USDT) Rolls Out Private Beta of New Tokenization Platform

Top Stablecoin Firm Tether (USDT) Rolls Out Private Beta of New Tokenization Platform

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 […]

The post Top Stablecoin Firm Tether (USDT) Rolls Out Private Beta of New Tokenization Platform appeared first on The Daily Hodl.

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Tether Introduces Hadron Platform for Asset Tokenization

Tether Introduces Hadron Platform for Asset TokenizationTether 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 […]

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Fireblocks partners with South Korean bank on VAT tokenization 

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.

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BNB Chain reveals no-code real-world asset tokenization service

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.

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Singapore Regulator Unveils Plan to Develop, Commercialize Tokenized Assets

Singapore Regulator Unveils Plan to Develop, Commercialize Tokenized AssetsThe 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 […]

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Institutional investments in Solana blockchain DApps up 54% in Q3

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.

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Crypto’s Unseen Impact on Treasury Demand: How Tokenization Might Redefine Market Hedging

Crypto’s Unseen Impact on Treasury Demand: How Tokenization Might Redefine Market HedgingThe 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 […]

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