News list for "Security token"
Figure Technology Solutions (FIGR) has announced that it will launch its SEC-registered income security token, YLDS, on the Sui blockchain, marking the first time the token has gone live on the Layer 1 network outside the Provenance blockchain. YLDS is backed by short-term U.S. Treasury bills and repurchase agreements. Figure co-founder Mike Cagney said this is the first step in deploying SEC compliance income security tokens on multiple blockchains, with the aim of removing traditional intermed...
The SEC released a statement on the tokenization of securities, saying that blockchain technology has opened up a new model for the issuance and trading of securities in the form of "tokenization". Tokenization has the potential to promote capital formation and enhance the ability of investors to use their assets as collateral. However, despite its great potential, blockchain technology does not have the "magic" to change the nature of the underlying asset. Tokenized securities are still securit...
Coinbase is restarting plans to tokenize its COIN shares and other securities in the U.S. after the Securities Exchange Commission formed a new cryptocurrency task force. The plan was first attempted in 2020 but abandoned due to regulatory hurdles. With the SEC's new cryptocurrency task force, the company sees new opportunities to integrate blockchain into traditional finance. Coinbase CFO Alesia Haas at Morgan Stanley TMT.
A new report from the Security Token Market predicts that asset tokenization will reach $30 trillion by 2030, led by stocks, real estate, bonds, and gold. The report argues that if the United States has the right attitude towards cryptocurrencies, Congress will introduce new legislation to ensure that the market has clarity on the classification of tokens (official taxonomy) and the structure of the stablecoin market.
Bitcoin infrastructure developer Blockstream has launched its third security token, Blockstream Mining Note 2 (BMN2). BMN2 is a European Union-compliant security token that is only available to eligible non-US investors. Each holder of a BMN2 security token is entitled to Bitcoins generated by Blockstream's 1 PH/s mining hash rate. The first two rounds of BMN2 notes raised a total of about $7 million. The third round will be priced at $31,000 and the sale will last three weeks. Blockstream is ai...
