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Unified Global Framework Crucial for Multi-Trillion-Dollar RWA Market, Says Finance Veteran

Unified Global Framework Crucial for Multi-Trillion-Dollar RWA Market, Says Finance VeteranThe real-world assets (RWAs) tokenization sector is predicted to become a multi-trillion-dollar market, but achieving this growth will likely require a unified global regulatory framework, according to Shy Datika, founder and CEO of INX. Datika, a veteran of both traditional and digital finance, argues that such a framework would not only provide clarity but also […]

White House: America Will Be the Bitcoin Superpower of the World

Hong Kong Regulator Launches Sandbox to Test Tokenized Asset Transactions

Hong Kong Regulator Launches Sandbox to Test Tokenized Asset TransactionsThe Hong Kong Monetary Authority has launched a sandbox to test the use of tokenized assets in real-world scenarios. The sandbox aims to promote interbank settlement using tokenized currency and central bank digital currencies. The HKMA will collaborate with other regulators and industry players to support the development of Hong Kong’s tokenization market. Testing Tokenized […]

White House: America Will Be the Bitcoin Superpower of the World

Franklin Templeton Expands Tokenized Money Market Fund to Avalanche Network

Franklin Templeton Expands Tokenized Money Market Fund to Avalanche NetworkFranklin Templeton has extended its blockchain initiatives by launching its tokenized U.S. Government Money Fund on the Avalanche network. This move marks another expansion of the firm’s onchain financial products. Avalanche Adds Franklin Templeton’s Tokenized Money Fund to Its Blockchain Ecosystem Franklin Templeton, an investment firm with $1.6 trillion in assets under management, has integrated […]

White House: America Will Be the Bitcoin Superpower of the World

Nigeria’s SEC Denies Issuing Provisional Crypto Licenses

Nigeria’s SEC Denies Issuing Provisional Crypto LicensesNigeria’s Securities and Exchange Commission (SEC) has announced that it has not yet issued any crypto licenses, contrary to some reports. The SEC plans to start issuing licenses for digital services and tokenized assets in August 2024. This move follows increased scrutiny of crypto exchanges and a push to regulate the industry, including a mandate […]

White House: America Will Be the Bitcoin Superpower of the World

South African Crypto Asset Marketplace Initiates $1.64 Million Capital Raise

South African Crypto Asset Marketplace Initiates .64 Million Capital RaiseThe South African decentralized cross-asset marketplace Mesh.trade has facilitated a $1.64 million (ZAR30 million) capital raise for a reverse mortgage provider. The capital raise allows the provider to offer homeowners the potential for lucrative returns while they remain in their homes. Regulated Alternative Capital Raising Platform The decentralized cross-asset marketplace, Mesh.trade, recently launched a $1.64 […]

White House: America Will Be the Bitcoin Superpower of the World

Lightning Labs CEO Elizabeth Stark States Stablecoins Are Coming to the Lightning Network

Lightning Labs CEO Elizabeth Stark States Stablecoins Are Coming to the Lightning NetworkElizabeth Stark, CEO of Lightning Labs, stated that tokenized assets, such as stablecoins, are next to appear on top of the lightning network (LN), Bitcoin’s layer two scaling protocol. Stark highlighted the transformative possibilities of this upgrade, stressing that it would allow users to complete stablecoin payments leveraging affordable LN transaction fees. Lightning Labs CEO […]

White House: America Will Be the Bitcoin Superpower of the World

Mastercard, Visa, JPMorgan, and Other Major Banks Explore Tokenized Asset Settlements

Mastercard, Visa, JPMorgan, and Other Major Banks Explore Tokenized Asset SettlementsSeveral major financial firms are collaborating to test the benefits of shared-ledger technology for jointly settling tokenized assets like commercial bank money and various securities. The initiative, known as the Regulated Settlement Network, is a proof-of-concept designed to expedite and secure cross-border transactions using a singular system for tokenized assets. This trial is an extension […]

White House: America Will Be the Bitcoin Superpower of the World

HSBC to Expand Tokenized Asset Offerings — CEO Says He’s ‘Very Comfortable’ With Tokenization

HSBC to Expand Tokenized Asset Offerings — CEO Says He’s ‘Very Comfortable’ With TokenizationHong Kong’s leading commercial bank, HSBC, continues to invest in its tokenization product lineup. The bank’s CEO, Noel Quinn, stated that he is “very comfortable with the concept of tokenization.” He indicated that the bank will look at ways of tokenizing assets backed by “real” assets. HSBC’s CEO Discusses Tokenization Plans Hong Kong’s leading commercial […]

White House: America Will Be the Bitcoin Superpower of the World

Real Estate-Backed US Dollar Stablecoin Built on Polygon Loses 47% of Its Value After Suffering Serious Depeg

Real Estate-Backed US Dollar Stablecoin Built on Polygon Loses 47% of Its Value After Suffering Serious Depeg

A stablecoin built on layer-2 scaling solution Polygon (MATIC) and backed by real estate assets has lost nearly half of its value after depegging from the US dollar (USD). In a lengthy message on the social media platform X, Tangible, the decentralized autonomous organization (DAO) behind Real USD (USDR), says that the crypto asset has […]

The post Real Estate-Backed US Dollar Stablecoin Built on Polygon Loses 47% of Its Value After Suffering Serious Depeg appeared first on The Daily Hodl.

White House: America Will Be the Bitcoin Superpower of the World

US Congressman Issues Warning on CBDCs, Says They Pose an ‘Existential Threat’ to Western Civilization

US Congressman Issues Warning on CBDCs, Says They Pose an ‘Existential Threat’ to Western Civilization

US Congressman Warren Davidson warns that central bank digital currencies (CBDCs) could result in a dystopian future. The Ohio Republican tells his 78,900 X followers that he believes CBDCs could transform money into a powerful means of governmental control and plans to introduce legislation to criminalize the development of these types of digital assets. “To […]

The post US Congressman Issues Warning on CBDCs, Says They Pose an ‘Existential Threat’ to Western Civilization appeared first on The Daily Hodl.

White House: America Will Be the Bitcoin Superpower of the World