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RedSwan Tokenizes $4 Billion Mixed-Use GCC Portfolio for Dubai-Based Client

RedSwan Tokenizes $4 Billion Mixed-Use GCC Portfolio for Dubai-Based Client

RedSwan, based in Houston, Texas, continues its advancement in the real estate tokenization sector. On September 21st, 2023, the company secured an assignment to onboard and distribute a $4 billion real estate portfolio onto the blockchain. This portfolio, managed by Dubai-based WhiteRocks Holding, includes 36 mixed-use properties in the Middle East Gulf States region. RedSwan’s tokenized fund structure is designed...

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    Societe Generale Issues Tokenized Green Bonds on Ethereum Blockchain

    Societe Generale Issues Tokenized Green Bonds on Ethereum Blockchain

    Tokenization Trend Gains Momentum in Traditional Finance Societe Generale (SocGen), the French banking heavyweight, has successfully issued its first tokenized green bonds on the Ethereum network, a move highlighting the increasing adoption of blockchain technology in traditional financial sectors. SocGen’s Pioneering Step with Digital Bonds SocGen has generated €10 million ($10.8 million) in digital green bond tokens, registered through SG-FORGE,...

    Swiss Banks Issue First Digital Bonds Using CHF wCBDC on Regulated DLT Platform

    Swiss Banks Issue First Digital Bonds Using CHF wCBDC on Regulated DLT Platform

    Switzerland’s SDX and SNB Collaborate on CHF Digital Bond Transactions Using wCBDC Swiss banks, including the Cantons of Basel-City and Zurich, have recently issued digital bonds using real CHF wholesale central bank digital currency (wCBDC) on SIX Digital Exchange (SDX). This event represents the first instance of such an issuance, utilizing the Swiss National Bank’s (SNB) wCBDC and distributed ledger...

    Ethereum Blockchain’s Pre-Upgrade Emissions Equal to Honduras’ Annual Output, Study Finds

    Ethereum Blockchain’s Pre-Upgrade Emissions Equal to Honduras’ Annual Output, Study Finds

    A recent study from the University of Cambridge has revealed that the Ethereum blockchain’s greenhouse gas emissions, prior to its major software upgrade in 2022, were comparable to the yearly emissions of Honduras. High Energy Consumption of Blockchains Blockchains, the foundational technology behind cryptocurrencies, are known for their significant energy consumption due to coin production and transaction processing. This aspect...

    Bitfinex’s Tokenized Bond Offering Sees Limited Success

    Bitfinex’s Tokenized Bond Offering Sees Limited Success

    Bitfinex Securities’ first tokenized bond, ALT2611, has raised only $1.5 million against its $10 million target two weeks post-launch. This development indicates a tepid response to what was initially touted as a significant innovation in capital raising. About the ALT2611 Tokenized Bond Launched on November 15, the ALT2611 Tokenized Bond is a digital representation of traditional bonds issued on the...

    Binance Agrees to $4 Billion Settlement; CEO Changpeng Zhao to Plead Guilty

    Binance Agrees to $4 Billion Settlement; CEO Changpeng Zhao to Plead Guilty

    Binance, the world’s largest cryptocurrency exchange, has agreed to a plea deal involving over $4 billion with the U.S. government. This settlement concludes a protracted criminal investigation, with CEO Changpeng Zhao pleading guilty to several charges. Details of the Plea Agreement In the settlement reached with federal prosecutors, Changpeng Zhao will plead guilty to violating U.S. laws, including anti-money laundering...

    New Zealand’s Simple Crypto Launches NZ Dollar-Backed Stablecoin

    New Zealand’s Simple Crypto Launches NZ Dollar-Backed Stablecoin

    Simple Crypto, a leading cryptocurrency retailer based in Auckland, New Zealand, is introducing its first stablecoin, NZDD, backed one-to-one by the New Zealand dollar. This move marks a significant development in bridging traditional finance with the digital age. NZDD: A Stablecoin for Seamless Transactions The NZDD coin is designed to provide a stable and efficient means for cryptocurrency transactions. It...

    Crypto Landscape Post-Sam Bankman-Fried: Insights and Future Directions

    Crypto Landscape Post-Sam Bankman-Fried: Insights and Future Directions

    The crypto world has been shaken by the recent verdict against Sam Bankman-Fried, founder of the now-bankrupt FTX cryptocurrency exchange. Found guilty on all charges, including fraud and money laundering, his case has prompted a reevaluation within the crypto community. Marketplace’s Matt Levin talked to Laura Shin, a crypto journalist and podcast host, about the industry’s reactions and its future...

    Polytrade Enhances Real-World Asset Marketplace in Collaboration with Major Protocols

    Polytrade Enhances Real-World Asset Marketplace in Collaboration with Major Protocols

    Polytrade, known for its role in the real-world asset (RWA) protocol space, is advancing its platform capabilities to address the complexities of real-world assets. The company is launching an RWA Marketplace, designed to streamline the aggregation, tokenization, and liquidity processes for RWAs. Creation of a Comprehensive RWA Marketplace The proposed RWA Marketplace by Polytrade aims to bridge the gap in...

    Exploring the Potential Impact of the 2024 Bitcoin Halving on the Crypto Market

    Exploring the Potential Impact of the 2024 Bitcoin Halving on the Crypto Market

    The crypto market is abuzz with discussions about the upcoming 2024 Bitcoin halving event and its potential impact on the industry. This event, anticipated in April 2024, is expected to reduce the rewards for Bitcoin mining, a mechanism designed to control cryptocurrency supply and limit inflation. Historically, such halving events have been catalysts for increases in Bitcoin’s value. Understanding Bitcoin...

    Cryptocurrency Wallets Face Potential Threat from ‘Randstorm’ Flaw

    Cryptocurrency Wallets Face Potential Threat from ‘Randstorm’ Flaw

    Cryptocurrency recovery company Unciphered has unearthed a vulnerability in the widely-used JavaScript Bitcoin library, BitcoinJS, posing a risk to the security of private keys in numerous wallets. Discovery of the Vulnerability The flaw, identified during a routine wallet recovery for a client, was traced back to a series of programming errors within the BitcoinJS library. This vulnerability has been linked...

    Verified USD Foundation Introduces USDV, A New Stablecoin Backed by US Treasuries

    Verified USD Foundation Introduces USDV, A New Stablecoin Backed by US Treasuries

    The Verified USD Foundation has launched a new stablecoin, Verified USD (USDV), which is distinctively backed by tokenized US Treasury Bills (T-bills). This development marks a significant step in the cryptocurrency space, offering a stablecoin that combines the security of T-bills with the efficiency of blockchain technology. USDV: A Blend of Stability and Innovation USDV operates as an omnichain stablecoin...