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RWA sector could reach $600B in next five years: BCG

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. 

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Janet Yellen Warns ‘Extraordinary Measures’ Incoming As $36,288,567,567,400 National Debt Approaches Ceiling

Qatar Tech Firm Launches Platform for Tokenized Islamic Finance Contracts

Qatar Tech Firm Launches Platform for Tokenized Islamic Finance ContractsBlade 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 […]

Janet Yellen Warns ‘Extraordinary Measures’ Incoming As $36,288,567,567,400 National Debt Approaches Ceiling

Central Bank of Brazil Highlights Tokenization Potential Before IMF and World Bank

Central Bank of Brazil Highlights Tokenization Potential Before IMF and World BankThe 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 […]

Janet Yellen Warns ‘Extraordinary Measures’ Incoming As $36,288,567,567,400 National Debt Approaches Ceiling

Tether Proposes Establishing Tokenized Boron Commodity Markets in Turkey

Tether Proposes Establishing Tokenized Boron Commodity Markets in TurkeyTether is reportedly seeking to expand its operations into tokenization markets in Turkey. According to sources familiar with the matter, the company is in talks to revamp the country’s boron markets by utilizing tokenization and establishing a national exchange for boron transactions. Tether Pitches Boron Tokenization Proposal in Turkey Tether, one of the largest cryptocurrency […]

Janet Yellen Warns ‘Extraordinary Measures’ Incoming As $36,288,567,567,400 National Debt Approaches Ceiling

Aurum Equity Partners launches tokenized fund worth $1B

The tokenized fund will invest in data centers in the United States, the United Arab Emirates, the Kingdom of Saudi Arabia, India, and Europe. 

Investment banking firm Aurum Equity Partners has announced the launch of a $1 billion tokenized fund, combining equity and debt assets under the same basket. 

According to an Oct. 22 announcement, the new tokenized fund will focus on establishing data centers in the United States, the United Arab Emirates, the Kingdom of Saudi Arabia, India, and Europe. 

The fund will rely on Zoniqx’s asset tokenization solutions and the Dynamic Compliant Interoperable Security Token (DyCIST) protocol. It will also leverage the layer-1 blockchain XRP Ledger (XRPL) to explore new opportunities in real-world asset tokenization (RWA). Combined, these tools will convert the firm’s assets into tokenized financial instruments. 

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Janet Yellen Warns ‘Extraordinary Measures’ Incoming As $36,288,567,567,400 National Debt Approaches Ceiling

International agencies report on tokenization to G20 officials

The Bank for International Settlements and the Financial Stability Board have similar views on tokenization — it could provide new benefits and familiar challenges.

The Bank for International Settlements (BIS) and the Financial Stability Board (FSB) have both released a series of papers ahead of the Group of 20 (G20) Finance Ministers and Central Bank Governors meeting on Oct. 23 and 24.

Brazil is the president of the G20 world’s largest economies for 2024 and, like India last year, it called for a discussion of digital currency.

Both the BIS and FSB released papers on tokenization on Oct. 22. Although their studies were carried out independently, the BIS and FSB emphasized common themes.

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Janet Yellen Warns ‘Extraordinary Measures’ Incoming As $36,288,567,567,400 National Debt Approaches Ceiling

Ripple CEO Praises the State of Cryptocurrency Regulation in Brazil

Ripple CEO Praises the State of Cryptocurrency Regulation in BrazilBrad Garlinghouse, CEO of Ripple, a payments and cryptocurrency service provider, has praised the state of cryptocurrency regulation in Brazil, one of the largest crypto markets in Latam. In an interview with Valor Economico, Garlinghouse highlighted the central bank’s work to make Brazil an enticing destiny for crypto companies. “Brazil is one of the fastest-growing […]

Janet Yellen Warns ‘Extraordinary Measures’ Incoming As $36,288,567,567,400 National Debt Approaches Ceiling

Brazilian CBDC Drex Envisioned to Replace Current Transaction System

Brazilian CBDC Drex Envisioned to Replace Current Transaction SystemFabio Araujo, the coordinator of Drex, the Brazilian CBDC, envisions this network substituting the current national transaction system and moving all the funds currently settled by the Reserve Transfer System. However, he stated that this would take some time, as the cost of this migration would be significant. Drex Coordinator Envisions Total Substitution Of Traditional […]

Janet Yellen Warns ‘Extraordinary Measures’ Incoming As $36,288,567,567,400 National Debt Approaches Ceiling

Hong Kong’s Crypto Framework Near Completion — 11 Platforms Awaiting Approval

Hong Kong’s Crypto Framework Near Completion — 11 Platforms Awaiting ApprovalHong Kong’s Securities and Futures Commission (SFC) has confirmed that the full regulatory framework for digital assets is set to be completed by next year, according to CEO Liang Fengyi. She also noted that 11 more crypto platforms are in the process of applying for licenses, with the first round of assessments already finished. SFC […]

Janet Yellen Warns ‘Extraordinary Measures’ Incoming As $36,288,567,567,400 National Debt Approaches Ceiling

Brazil tests DeFi elements, compatibility in Drex CBDC pilot

Brazil’s central bank is developing a synthetic central bank digital currency, which aims to blend decentralization, privacy and programmability.

Brazil is incorporating decentralized finance (DeFi) principles into ongoing experiments toward developing its in-house “synthetic” central bank digital currency (CBDC), Drex, which was previously called the digital Brazilian real. 

On Oct. 3, Roberto Campos Neto, president of Banco Central do Brasil, highlighted the country’s need for a multidimensional CBDC that addresses the “trilemma” of decentralization, privacy and programmability — challenges that traditional markets have struggled to resolve simultaneously.  

While presenting for a Markus’ Academy presentation on The Future of Financial Intermediation, Neto said:

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Janet Yellen Warns ‘Extraordinary Measures’ Incoming As $36,288,567,567,400 National Debt Approaches Ceiling