Frax Finance launches frxUSD, a stablecoin backed by BlackRock #Frax Finance has launched #frxUSD, a groundbreaking stablecoin backed by #BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) and tokenized by Securitize. This innovation underscores Frax's mission to establish itself as a leader in decentralized stablecoins and #DeFi infrastructure, aiming to redefine the US digital dollar. Founded by Sam Kazemian, Frax Finance has rebranded its FRAX stablecoin into frxUSD, enhancing its capabilities with direct fiat redemption and robust compliance with U.S. financial systems. BlackRock’s BUIDL Fund, which invests in cash, U.S. Treasury bills, and repurchase agreements, serves as the enshrined custodian asset, ensuring unprecedented transparency and on-chain audibility. #Securitize, led by co-founder and CEO Carlos Domingo, facilitates the compliant digitization of financial assets, bridging traditional finance with decentralized finance. As a registered broker-dealer and alternative trading platform, Securitize plays a key role in integrating institutional-grade investments into blockchain ecosystems. The article on Finextra in the first comment.
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?? Transforming Finance with Blockchain-Based Asset Tokenization ?? As we reflect on the evolution of the financial industry, it’s clear that the most promising outcome from crypto’s innovations is the power of blockchain-based asset tokenization. While crypto captured early attention, it’s tokenization of real-world assets (RWA) that’s paving the way for tangible benefits across financial ecosystems: ?? Increased Liquidity: By tokenizing assets like real estate, commodities, or art, we unlock liquidity that was previously trapped, making these assets more accessible to investors of all sizes. ?? Enhanced Security: Blockchain’s decentralized ledger technology (DLT) creates a transparent, tamper-proof system for record-keeping, safeguarding transactions and ownership details. ?? Greater Efficiency & Cost Reduction: Tokenization allows for fractional ownership, instant settlements, and automated processes, reducing costs associated with traditional financial transactions. ?? New Market Opportunities: From fractional investments to DeFi applications, tokenized assets create opportunities for investors and financial institutions to explore new revenue streams. As we enter this era of digital finance, embracing tokenization is crucial for organizations to remain relevant, innovative, and competitive. With a global push for regulatory clarity, the financial industry stands at the brink of redefining how we approach asset management, investment, and value transfer. The journey has just begun, but the destination—greater inclusion, security, and efficiency—is within reach. #RWA #AssetTokenization #Blockchain #ASSNTURE #INABLR
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?? Exciting times in institutional digital asset trading! Attended an insightful session on the essential building blocks by Samar Sen of Talos, co-organised by Digital Assets Association and aelf. Here are my key takeaways: 1?? Institutions are eyeing digital assets for diversification, future-of-finance exposure, and yield enhancement. 2?? Asset types go beyond crypto: stablecoins, tokenized assets, CBDCs, and NFTs are all in play. 3?? Challenges remain: asset security, blockchain connectivity, and regulatory compliance top the list. 4?? Key infrastructure needs: robust custody solutions, diverse liquidity access, and institutional-grade tech tools. 5?? Market structure differs significantly from traditional finance - adapting is crucial. 6?? Custody options range from self-custody to third-party providers, each with unique trade-offs. 7?? Liquidity sources include exchanges, OTC desks, ECNs, and even DEXs - choice depends on specific needs. 8?? Tech considerations: build vs. buy decisions, integration with existing systems, and ensuring 24/7 reliability. 9?? Operating model adjustments are necessary, touching legal, treasury, compliance, and more. ?? Multiple pathways exist: from all-in-one solutions to facing the market directly. Each has pros and cons. The digital asset space is evolving rapidly. As institutions, we need to stay informed and adaptable. What's your take on institutional involvement in digital assets? #DigitalAssets #InstitutionalTrading #Blockchain #FinTech Thoughts? Let's discuss! ??
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Section IV.M.2.a.cxvi: Ondo Finance (ONDO) Navigating the Rise of Ondo Finance (ONDO) in the DeFi Ecosystem Abstract Ondo Finance (ONDO) has emerged as a pivotal player in the decentralized finance (DeFi) space, particularly noted for its innovative approach to tokenizing real-world assets (RWA). This analysis delves into the recent surge of ONDO, which witnessed a 9.66% price increase, reaching $1.69, alongside a trading volume spike to $709.8 million. We explore the implications of institutional endorsements, such as BlackRock's interest, and Ondo's strategic moves like the expansion into the Asia-Pacific market and the introduction of the Ondo Global Markets program. The paper examines the performance of key products like USDY and OUSG, evaluates community governance through the ONDO token, and addresses regulatory compliance challenges. By analyzing market trends, technical indicators, and competitive positioning, this abstract provides an overview of Ondo Finance's growth trajectory, potential investment considerations, and the broader impact on the DeFi landscape, offering insights into the evolving dynamics of asset tokenization in 2024. #OndoFinance, #ONDO, #DeFi, #RWA, #Tokenization, #RealWorldAssets, #Cryptocurrency, #Blockchain, #Finance, #Investment, #CryptoMarket, #TokenEconomics, #Governance, #Compliance, #Regulation, #MarketTrends, #PriceSurge, #Liquidity, #InstitutionalInvestors, #APACExpansion, #USDY, #OUSG, #BlackRock, #Coinbase, #Bybit, #OKX, #CommunityEngagement, #TokenGovernance, #CryptoNative, #TraditionalFinance, #MarketCap, #TradingVolume, #AssetBacked, #YieldGenerating, #SmartContracts, #FutureOutlook, #InvestorRisks, #CompetitiveEdge, #TokenSupply, #Demand, #Valuation, #MarketVolatility, #Partnerships https://lnkd.in/gkhXrP4q
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?? Revolutionizing Financial Markets: Fidelity International Tokenizes Money Market Fund on JPMorgan’s Blockchain ?? In a significant development for the financial sector, Fidelity International has leveraged JPMorgan’s Onyx Digital Assets blockchain to tokenize shares in a money market fund. This pioneering initiative not only marks a major step forward in the use of blockchain technology but also sets a new standard for the management of financial assets. ??Enhancing Efficiency and Reducing Costs By tokenizing money market shares, Fidelity International aims to transform how assets are managed and utilized within the market. This move improves efficiency in delivering margin requirements and significantly reduces transaction costs and operational risks. The immediate benefits are clear: faster transactions, reduced costs, and enhanced security. ??Tokenization: A New Era for Financial Assets Tokenization is rapidly becoming a key strategy for financial institutions. By creating virtual representations of real-world assets on a blockchain, organizations can achieve greater liquidity and flexibility. This technology is not limited to niche markets; it spans various asset classes, including real estate, precious metals, and now, money market funds. ??Fidelity’s Ongoing Commitment to Innovation This is not Fidelity International's first foray into digital assets. Their continued collaboration with leaders in blockchain technology underscores their commitment to embracing digital transformation. Past projects include partnerships with Swiss bank Sygnum and participation in groundbreaking tokenization initiatives. ??Future Prospects and Expansion Looking ahead, JPMorgan’s Tokenized Collateral Network (TCN) plans to expand its offerings across equities, fixed income, and other asset classes. The goal is clear: to simplify and streamline the use of assets in financial operations, making them more accessible and efficient. ?? Let’s discuss the future of finance and how emerging technologies are paving the way for innovative solutions. I look forward to reading your insights and opinions in the comments below! #blockchain #finance #tokenization #JPMorgan #innovation #investor #tokenus
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???????????????? ????????.....We are proud to announce the establishment of the Moneybrain Corporate Office in Jersey British Isles. This office is dedicated to providing a Digital Asset Reserve service tailored for Sovereigns, Family Offices, and Institutions. ?? ???????????????? ?????????????? ?????????? ?????????????????? The following digital assets can now be acquired, stored or transferred into and out of Jersey British Isles to non-sanctioned jurisdictions via the blockchain within minutes. These transfers are secure, unlimited, and fully compliant with legal travel rule protocols: ? ??????????????: The original cryptocurrency with a fixed supply of only 21 million. ? ????????????????: The foundational token of Web3, powering the digital world’s infrastructure. ? ????????????: A high-speed blockchain fuelling meme tokens and NFTs, such as $Trump. ? ????????: Tokenized gold bars, fully certified and securely held in LDS vaults adhering to LBMA standards. ? ??????????????????????: Digital currencies backed 1:1 by government treasuries, offering frictionless transfers and instant settlement. ? ????????: An inflation-resistant digital asset with a limited supply of 500 million, backed by all of the above digital assets, Blackrock money markets and property-backed compounding yields. ?? This service empowers fast, secure, and compliant access to a diverse range of digital assets, supporting the evolving needs of global institutions and family offices.
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?? In which Tokens does BlackRock invest besides #BTC? Arkham is a #DeFi tool that allows you to track the positions and movements of an organisation like BlackRock. While it is well known that #BlackRock already has a spot ETF for BTC, what other financial instruments does it hold in the cryptocurrency markets? Although the majority of its $19.5 billion holdings are in BTC, with $19.478 billion, BlackRock has recently begun accumulating USDC, the #Ethereum-based token representing tokenised US dollars. This shift is primarily driven by the DeFi application Ondo, which offers a tokenised BlackRock ETF that invests in very short-term US Treasury debt. It is evident that the USDC received by BlackRock is sent to Ondo Finance, which has currently amassed $463 million in total value locked (TVL). Furthermore, an investigation of their transactions reveals that BlackRock is receiving USDC directly from Circle, the company responsible for minting new USDC. The tokenisation of traditional financial products such as ETFs is becoming a reality. Soon, we will see leading investment firms transforming the industry towards financial products built on decentralised networks like Ethereum. Thanks to DeFi technology, traditional finance will address existing issues by enhancing transparency, real-time auditability, real-time transaction settlement, cost reduction, and disintermediation. In some cases, it will even remove the need for custodians of many financial products if we can issue tokenised financial products directly on the primary market, such as debt. The financial revolution initiated by the Bitcoin network and furthered by the Ethereum network, incorporating more advanced DeFi technology, will enable the transformation of the financial industry. You can track the evolution and details of their portfolio in dollars, primarily BTC, via this link: [https://lnkd.in/ezzYG46c) #fintech #cryptoassets #portfoliomanagement #assetsmanagement #innovation #etf
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?? Get ready to explore the future of finance with ST0x! Discover how St0x is transforming equity trading with innovative on-chain solutions. ?? 24/7 Global Market Access: St0x connects assets via a global 24/7 market, eliminating traditional 8-hour trade windows and delays in clearing. ?? Atomic Settlement: Ensure seamless and immediate transaction settlement with St0x's atomic settlement capabilities. ?? Programmable Securities: St0x issues and manages programmable tokenized securities, ensuring higher utility, transparency and compliance. ?? Liquidity Bridge: Facilitates free flow of capital between traditional and on-chain liquidity, enhancing market efficiency and accessibility. ?? Compliant and Secure: Adheres to multi-jurisdictional regulatory standards, providing a secure and compliant framework for trading equities, ETFs, commodities, and bonds. ?? Experienced Team: Led by industry veterans and pioneers in blockchain technology, ensuring robust development and strategic growth. Discover how St0x is redefining equity trading and join us in pioneering the next generation of finance! ?? ?????????? ???????? ?????? ????????????????: https://lnkd.in/dfjcKpXb
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LTP and Bitstamp Collaborate on Liquidity and Credit Solutions for Institutional-Grade Crypto Trading #LTP #Bitstamp #cryptocurrency #digitalasset #trading #liquidity #partnership #innovation #cryptoassets #institutionalinvestors
LTP and Bitstamp Collaborate on Liquidity and Credit Solutions for Institutional-Grade Crypto Trading
https://www.financial-news.co.uk
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Real-World Asset Tokenization - The Future of Finance In a recent study by Global Digital Finance (GDF), it was revealed that a staggering 91% of major financial institutions are already handling tokenized real-world assets (RWA's), with the remaining 9% planning to do so in the near future. This shift signifies that asset tokenization is no longer just an innovative concept but a fundamental component of modern financial strategies for the near term. The top assets being tokenized include corporate debt, alternative funds, sovereign debt, private market securities, and mutual funds. This evolution towards tokenization is not just about technological advancement but about enhancing liquidity, increasing accessibility, and driving operational efficiencies across the financial sector. At Upside.gg we are at the forefront of this transformation, offering unparalleled expertise in the tokenization of various asset classes. Our platform is designed to provide robust solutions for tokenizing debt funds and existing funds, ensuring compliance, security, and seamless integration with the global financial ecosystem. We understand the complexities of this transition and provide tailored support to meet the unique needs of our clients. Partnering with Upside.gg means leveraging our deep knowledge and proven track record in blockchain technology to unlock new opportunities and drive growth. As the financial landscape continues to evolve, we are committed to helping our clients stay ahead of the curve and fully realize the potential of asset tokenization. #AssetTokenization #Blockchain #Finance #DigitalAssets #Upside #Innovation #FinancialServices
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Yield-bearing assets on INJECTIVE offer low-volatility, stable digital assets with added yield. Ondo Finance $USDY, backed by US Treasuries, leads tokenized treasury stablecoins with over $420M in circulating supply. Mountain Protocol $USDM lets holders capture the "risk-free rate" through a secure, permissionless product. Ethena Labs $USDe provides a censorship-resistant, scalable yieldcoin, backed fully on-chain. #DeFi #Yield #Stablecoins
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Fintech expert | Manager | Investor | Advisor
1 个月Want to stay up to date with the market? Here my newsletter and my podcast: Linkedin: https://tinyurl.com/fintech-weekly? Substack: https://michelemattei.substack.com/ Youtube: https://www.youtube.com/@buildersinfintech? Spotify: https://open.spotify.com/show/6L6L7uj3IIYEHbBStLXi8M?si=fa10d8cefe2741aa? ApplePodcast: https://podcasts.apple.com/it/podcast/builders/id1767562838?l=en-GB