Private Market News - 10/11/24
This Week's Highlights:
Public and private markets looking to converge; Ethena announces BUIDL as the winner; an EU first for retail investors; sparse IPOs driving private market growth; and the CFTC approves tokenized fund collateral trading.
When Will Public and Private Equity Markets Finally Converge? | 晨星
The investment world is busy with plans to mix public and private assets in single vehicles that the masses can buy as fund companies say private assets have been out of the everyday investors’ grasp for too long.
Ethena Picks BlackRock’s BUIDL and others for $46M Tokenized RWA Investment | Yahoo Finance
DeFi protocol Ethena Labs , issuer of the $2.5B yield-generating USDe “synthetic dollar” token, announced it will invest a $45M backup fund in BlackRock ’s and Securitize’s tokenized fund BUIDL, Mountain’s USDM token, Superstate’s USTB and the new USDS stablecoin of Sky (formerly Maker).
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In an EU First, Tokenization Firm Midas Opens mTBILL and mBASIS Tokens to Retail Traders | The Block
Tokenization protocol Midas is launching a suite of internet-native investment products, opening access to its onchain mTBILL and mBASIS tokens to retail investors, representing the first such real-world asset trading vehicles available to this audience.
Sparse IPOs Have Paved the Way for Years of Growth in Private Markets | Institutional Investor
Public offerings globally have fallen 45% between 2021 and 2023 while private market assets under management are expected to grow 9% annually through 2032, more than 2X the rate of public market assets.
CFTC Recommends Letting Firms Use Tokenized Shares as Collateral | CoinDesk
BlackRock, Franklin Templeton and others could see tokenized shares of their money market funds traded as collateral by the end of the year after a CFTC subcommittee approved to pass the recommendations on to the full committee.