Private Market News - 7/19/24
This week’s highlights: The market cap of tokenized U.S. treasuries may reach $3 billion by the end of 2024 according to Tom Wan , Arca U.S. Treasury Fund launches on Securitize’s secondary market, STM.co TokenizeThis 2024 Conference recap, and AllianceBernstein says the private credit market is heating up.
Tokenized U.S. Treasuries Could Reach $3B by End of Year
“As the strategy laid out by Securitize and BlackRock, they intend to provide diversification for the crypto ecosystem to access US treasury yield without needing to leave the blockchain ecosystem.”
— Tom Wan, Research Strategist at 21.co
Sources: Tom Wan , Zoltan Vardai , Cointelegraph
Arca’s Blockchain-Enabled Treasury Fund Reaches a Significant Milestone as the First Tokenized ‘40 Act Fund Available for Secondary Trading
The Arca U.S. Treasury Fund is now tradable on Securitize’s SEC-registered secondary market, expanding liquidity options for retail investors and enhancing the accessibility of tokenized real world assets.
This launch marks the first time in history a closed-end fund can be traded on a FINRA-registered Alternative Trading System (ATS), transferred peer-to-peer, and purchased and redeemed through the Fund.
Sources: Securitize?
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TokenizeThis 2024 Conference Highlights Report
Security Token Market published an excellent summary of Securitize Co-founder and CEO Carlos Domingo 's fireside chat at TokenizeThis 2024 Conference.
Topics covered in their report:
Sources: STM.co
Private Credit Outlook: The Heat Is On
“Private assets in general have been among the fastest growing components of allocations over the past decade. Why? We believe it's because investors see the value in thoughtfully incorporating these less-liquid assets into their allocations to increase return potential, particularly relative to public credit.”
Sources: AllianceBernstein , Seeking Alpha