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According to the Wall Street Journal, JPMorgan Chase has officially launched its first tokenized money market fund, marking an important step for the banking giant in the application of blockchain technology. The Private Offering Fund will run on the Ethereum blockchain and is open to qualified investors. JPMorgan will inject $100 million in equity funds into the fund as launch capital.
According to Reuters, Pakistan and Binance have signed a Memorandum of Understanding (MOU) to explore the tokenization of up to $2 billion in treasury securities and commodity reserves. The Ministry of Finance of Pakistan said that this cooperation is an important step for the country to introduce blockchain technology, enhance asset liquidity, and attract foreign investment, and may also pave the way for more state-owned physical assets to go online. The move comes as Pakistan accelerates the l...
Crypto exchange Coinbase is set to launch its own prediction market as they surge in both popularity and scrutiny.
Financial tech giant Robinhood has announced a three-phase plan for the permissionless implementation of tokenized shares through Arbitra Stylus technology for DeFi app users. According to AJ Warner, head of strategy at Offchain Labs, the final phase of the plan will make the stock tokens completely permissionless, allowing users to use them in various decentralized applications (dApps). In the current first phase, European Union users can purchase about 80 million tokens through the Robinhood a...
In less than five months, Robinhood has tokenized 780 assets worth more than $7.43 million, including $5.10 million equity tokenization, $1.84 million ETF tokenization, and $286,000 commodity tokenization, DeFi Kenshin cites Entropy Advisors data. In addition, Robinhood's tokenized assets saw more than $19.90 million in minted transactions and $11.9 million in destroyed transactions.
According to the official WeChat account, China Asset Management (Hong Kong) Limited ("China Asset Management (Hong Kong) ") today announced that under the HKMA's Ensemble project pilot program, it has partnered with Bank of China (Hong Kong) Limited ("BOC Hong Kong"), Futu Securities International (Hong Kong) Limited ("Futu") and Standard Chartered (Hong Kong) Limited ("Standard Chartered Hong Kong") to complete the real-world application scenario tokenized fund subscription case.
Peter Schiff, a critic of cryptocurrencies, tweeted that if tokenising gold by trusting a third party was a scam, so were stablecoins by trusting a third party to keep their dollars. "Surprisingly, many bitcoin users who support and regularly use stablecoins claim that tokenising gold is a scam. Their problem is that they have to trust a third party to keep their gold. But how is this different from tokenising the dollar? Tokenising the dollar requires trusting a third party to keep their dollar...
Cointelegraph columnist and D3 CEO Fred Hsu pointed out that although assets such as real estate and stocks have been tokenized, the $10 billion domain name market is still stuck in Web2 mode, with long transaction cycles, high commissions, and extremely low liquidity. He warned that if domain names were not converted into tradable NFTs for instant settlement and split ownership, traditional domain names would become "Web2 fossils", and Web3 naming systems such as ENS would be replaced by liquid...
Nasdaq-listed company FG Nexus, which holds about 47,000 ETH (about $208 million), announced that it will partner with tokenization specialist Securitize to tokenize its Nasdaq-listed shares, including common stock and share preference, on Ethereum. The company recently raised about $200 million through a private placement. The plan will allow investors to choose to convert their traditional shares into digital tokens on Ethereum. These tokens will have the same legal rights as traditional share...
Libre Capital announced the change of name to KAIO and the launch of the $100 million Laser Digital Bitcoin Diversified Income Fund, which is managed by Laser Digital Middle East. In addition, KAIO has raised $11 million in seed funding, led by Laser Digital (Nomura's digital asset subsidiary) and WebN Group, with participation from Karatage, Further Ventures, Lyrik Ventures and Brevan Howard Digital.
