Speaking at the opening of the Fintech Week, the Chief Executive of the Hong Kong Monetary Authority, Yu Weiwen, pointed out that the Hong Kong Monetary Authority will promote financial tokenization and promote the tokenization ecosystem, and lead the demonstration of asset tokenization. It is planned to regularize the issuance of tokenized government bonds and explore the feasibility of tokenizing Exchange Fund bills and bonds.
BlockInvest, a bond tokenization platform backed by Cre ́ dit Agricole, has received a strategic investment from Italian venture capital firm Open Venture to expand the tokenization solution. One of BlockInvest's existing backers is Cre ́ dit Agricole, a partner in several tokenization initiatives. Lorenzo Rigatti, CEO of BlockInvest, said: "Even if the tokenization industry is gaining momentum, it is not enough to develop disruptive software to become a leader in the European market. Now is t...
PV01, a tokenization company led by the founder of cryptocurrency market maker B2C2, has completed its initial tokenized bond sale under UK law, marking a key step towards its goal of creating a bond market, including corporate debt, on a blockchain track. The asset, a tokenized version of the Ethereum blockchain worth $5 million US treasury security issued on April 8, was redeemed a week later, and market makers B2C2, BlockTower Capital and Keyrock invested in PV01's "proof-of-concept" offering...