Bond tokenization surges & crypto on the London Stock Exchange
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It's been a week of notable price recovery for crypto assets, with bitcoin (BTC) crossing the $71,000 mark, up 8.2% for the week, while ether (ETH) rose 7.7%. The Nasdaq Crypto Index (NCI) experienced a significant uptick of 8.0%, buoyed by robust inflows into the spot bitcoin ETFs.
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Over $1B in US Treasury Notes has been tokenized on public blockchains
The market for tokenized US government securities has skyrocketed since January 2023, exceeding $1 billion, a sign of increased demand and acceptance of blockchain technology within traditional finance. Tokenized Treasuries signal a shift toward more modern and innovative financial practices.
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London Stock Exchange will start market for bitcoin and ether ETNs
The London Stock Exchange?plans to roll out BTC and ETH exchange-traded notes for professional investors on May 28. The announcement aligns with ongoing efforts to establish the UK as a more crypto-friendly hub.
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