Private Market News - 4/26/24
Securitize
Bringing the World On-Chain. Download our new app today! https://securitize.pub/app
This week’s highlights: Securitize partners with Zero Hash, banks test tokenized deposits in the UK, how private credit expands market opportunities, and RWA tokenization’s impact on consumer experiences.
Securitize Partners With Zero Hash to Leverage Fiat and USDC Funding Rails for Tokenized Assets
Securitize has chosen Zero Hash to power fiat and USDC funding rails for deposit and withdrawals into Securitize’s cash accounts, enabling our funding portal and blockchain-based Alternative Trading System (ATS).?
Investors can now seamlessly onboard and off-ramp into tokenized assets.
Sources: Securitize, Zero Hash
Barclays, Citi Are Among Banks Testing Tokenized Deposits in UK
“Banks see the need for programmable payments today. It’s quite a game changer for them because business models can operate in a more efficient way.”
Sources: Olga Kharif , Emily Nicolle , Gilbert Verdian , Bloomberg News
DBS's Clifford Lee on Asia's Private Credit Opportunity
“A group of companies that might be asset rich but cashflow restrained, or require pre-IPO or single stock-based financing - things that banks traditionally find it harder to lend to, that is where private credit comes in.”
Sources: Andrew Tjaardstra , Clifford Lee , FinanceAsia
How RWAs In Web3 Are Impacting Consumer Experience
“The impact on consumer experience begins with RWA tokenization, granting once-traditionally illiquid assets access to liquidity and fractional ownership. This enhances consumer control of their investment portfolios by gaining access to previously inaccessible high-cost assets, such as real estate.”
Sources: Victoria Chynoweth , Forbes