Private Market News - 11/08/24
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This Week's Highlights:
Crypto emerges as a major winner in the 2024 election; the Federal Reserve cuts interest rates again; UBS launches an ETH tokenized fund; and the U.S. Treasury Department explores how tokenization could transform the Treasury market.
The Decisive Winner of the 2024 Election | Fortune
Crypto emerged as a major winner in the 2024 election, paving the way for substantial policy shifts. With crypto-friendly leaders taking office, will blockchain tech finally get its day on Capitol Hill? ?
Federal Reserve Cuts Interest Rates | CNBC
The Federal Reserve has lowered interest rates again, marking its second consecutive cut as officials adjust their focus toward balancing inflation control with employment support.
UBS Launches Tokenized Fund on Ethereum | Cointelegraph
UBS joins financial giants like Franklin Templeton and BlackRock in launching blockchain-based tokenized funds with uMINT. See what crypto voices are saying about the growing appetite for tokenized assets.
Exploring Tokenization: Transforming the U.S. Treasury Market | U.S. Department of the Treasury
The U.S. Treasury Department’s advisory panel recently highlighted the benefits of tokenizing U.S. Treasuries. Let’s unpack how tokenization could transform the Treasury market.