Private Market News - 09/22/24
Securitize
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This Week's Highlights:
Securitize selected Wormhole as its official blockchain interoperability provider; the Fed cut rates but markets expect more; ‘every’ major asset manager is working on tokenization; Securitize launches the Re member fund for accredited investors; more than half of Top 50 asset managers globally utilizing blockchain technology; and Colin Exelby interviews Securitize Co-founder Jamie Finn.
Securitize Selects Wormhole as Official Interoperability Provider for All Tokenized Assets | Securitize
Securitize officially selected Wormhole as its interoperability provider, enabling seamless cross-chain transfers for all tokenized assets on its platform. This strategic integration will enhance liquidity and accessibility, allowing institutional investors to manage and transfer tokenized assets across various blockchains effortlessly.? As Securitize CEO Carlos Domingo stated, this collaboration will enable “sub-second, sub-penny transactions,” bridging traditional finance with decentralized financial systems and paving the way for greater institutional adoption of tokenized assets.
The Fed Went Big With Its First Rate Cut—What Will Happen Next? | Colin Laidley , Investopedia
The Fed's aggressive rate cut has ignited speculation about further reductions."Traders now see a more than 50% chance that the Fed will lower its federal funds rate target range by another 75 basis points to between 4% and 4.25% by the end of the year.”
‘Every’ Major Asset Manager Working on Tokenization | Shanny Basar , Markets Media
Major asset managers are racing to tokenize their funds, offering investors unprecedented efficiency and accessibility. Fueled by the efficiency and accessibility that tokenization offers investors, BlackRock, Franklin Templeton, and Janus Henderson are leading the way, with more firms expected to follow suit.
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Introducing the Re Member Fund: A Reinsurance Fund for Accredited Investors | Securitize
We’re thrilled to introduce the Re Member Fund, a groundbreaking investment opportunity in the reinsurance industry. Managed by Re, a fully licensed reinsurer, and backed by industry leaders, the Fund invests in a diverse set of insurance companies and programs to earn an uncorrelated high-yield fixed-income like return.
More Than Half of Top 50 Asset Managers Globally Utilizing Blockchain Technology | Yahoo Finance
The world's largest financial institutions are rapidly adopting blockchain technology. Blockchain Coinvestors' new report reveals that over half of the world's top 50 financial institutions are already involved in digital finance, with many offering digital wallets, custody, trading, or digital assets.
The Holy Grail of Investing? Private Equity on the Blockchain | Colin Exelby, CFP? Financial Advisor
Colin Exelby of Celestial Wealth Management interviews Securitize Co-founder & President Jamie Finn about how blockchain is making private equity more accessible. Traditionally, private equity has outperformed public stocks*, but it has been restricted to the ultra-wealthy. New blockchain-based innovations are lowering the entry barriers, making it available to investors with as little as $10,000. ??