Fidelity Investments, a major asset manager with $5 trillion in assets, is reportedly in the final stages of testing its stablecoin to function as cash in cryptocurrency markets. This development is part of Fidelity's broader expansion into digital assets, with the token managed through its digital assets division. Specific details ...
Analysts at New York Digital Investment Group (NYDIG) have suggested that tokenizing U.S. gold reserves on a blockchain, despite being centralized, could ultimately benefit Bitcoin. In the Group’s latest research update, Greg Cipolaro, NYDIG’s global head of research, explained that while tokenized gold and Bitcoin operate on different trust models, ...
The Depository Trust & Clearing Corporation (DTCC) has officially joined the ERC3643 Association, reinforcing its commitment to tokenized finance. Developed by Tokeny, the ERC3643 standard facilitates the issuance, management, and transfer of permissioned tokens. As part of this initiative, DTCC plans to integrate ERC3643 into its ComposerX™ suite, including the ...
Tether has launched a new platform that allows businesses and individuals to tokenize a range of real-world assets, including stocks, bonds, equities, loyalty points, and stablecoins. The stablecoin issuer noted in a blog post on November 14 that it aims to expand tokenization beyond just stablecoins and make asset tokenization ...
Singapore regulators are set to enhance their tokenization initiatives in response to growing demand for tokenized assets in fixed-income, foreign exchange, and asset management markets. In a November 4 announcement, the Monetary Authority of Singapore (MAS) outlined its plans to foster the commercialization of these assets by developing market infrastructure, ...
RWA tokenization platform Securitize has partnered with Wormhole Foundation to enhance the cross-chain functionality of its assets. In a blog post published on September 20, the Foundation revealed that this partnership will allow assets issued through Securitize to take advantage of Wormhole's blockchain interoperability framework. Securitize will customize the blockchain's ...
The Colorado House of Prayer, a network of church groups, has launched an innovative initiative to repurchase their main chapel building using blockchain technology. The Church group aims to raise $2.5 million by tokenizing the historic "Old Stone Church," an 11,457-square-foot building with a distinctive stone exterior. Pastor Blake Bush, ...
Hong Kong and Saudi Arabia set their sights on deeper integration of financial services as they engaged in crucial discussions on financial infrastructure development, open market operations, market connectivity, and sustainable growth. On July 26, 2023, a bilateral meeting between the Hong Kong Monetary Authority (HKMA) and the Saudi Central ...
The Bank for International Settlements (BIS), the global monetary authority based in Switzerland, has proposed the development of a universal ledger to accommodate Central Bank Digital Currencies (CBDCs) and tokenized assets. Despite its skepticism towards cryptocurrencies, the BIS believes that regulated tokenization platforms overseen by central banks will play a ...
