Japanese real estate firm Kenedix is no stranger to blockchain or security tokens. It announced its fifth digital security backed by a hotel in Sapporo City. The Yen 3.4 billion ($25 million) issuance uses MUFG’s Progmat blockchain platform, with MUFG as the trustee and Daiwa Securities as the lead underwriter. What’s novel about the latest...
Brickken, a tokenization solution company, recently announced its participation in the Chainlink BUILD program, a Chainlink Labs initiative designed to help both early-stage and established Web3 projects grow by providing them with enhanced access to Chainlink services and technical support. The Chainlink BUILD program will help Brickken enhance its security and reliability. Asset tokenization relies...
Ethereum Ecosystem Continues To Draw Curiosity From Institutional Buyers Franklin Templeton, the subsidiary of a worldwide funding agency with $1.4T in property underneath administration, launched its on-chain cash fund, a stablecoin various, on the Polygon community on Wednesday. The Franklin OnChain U.S. Authorities Cash Fund (FOBXX) is a U.S.-registered mutual fund that executes transactions and...
RedSwan CRE, a marketplace for tokenized commercial real estate transactions, entered a partnership with Tassets (previously called RealToGroup) for the latter to provide the technology to power the marketplace. “Through this new arrangement, RedSwan will utilize Tassets’ proprietary technology, enabling RedSwan to focus on its core competencies of structuring and to create compliant industry-standard for...
Ukraine is set to roll out new, EU-inspired crypto regulations, with Kyiv hoping to impose the rules before the year is out. Forbes Ukraine reported that the National Commission on Securities and the Stock Market, the Ministry of Digital Finance, the National Bank of Ukraine (the central bank), and MPs are currently working on a...
The central bank of Zimbabwe has announced a new digital asset that will be backed by gold. On April 23, the Reserve Bank of Zimbabwe (RBZ) said the gold-backed digital asset will be used as legal tender in the African nation. The move is part of an effort to stabilize the country’s economy and local...
Just over a year ago, Franklin Templeton launched its OnChain U.S. Government Money Fund, which has now surpassed $270 million in assets under management (AUM) for the tokenized fund. It’s the first U.S. registered fund to use a public blockchain (Stellar) to record transactions and shareholdings. Franklin Templeton is a major player in the asset...
The effort demonstrated the creativity and resolve of an isolated country intent on defying demands that it abandon its nuclear weapons program. The Justice Department said on Monday that it had indicted four men on charges of laundering virtual currency stolen by an infamous North Korean online criminal syndicate as part of a far-reaching scheme...
A court based in Hong Kong has acknowledged cryptocurrencies as property that can be held in trust in a ruling involving the defunct crypto exchange Gatecoin. In an analysis of the ruling published by the law firm Hogan Lovells, Judge Linda Chan reportedly said that crypto has property attributes. The court deemed that it was...
The tokenized gold market reached over $1 billion in value last month, the report said. The tokenized gold market surpassed $1 billion in value last month as the tokenization of real-world assets gathers pace, Bank of America (BAC) said in a research report Thursday. Tokenization is the process of putting ownership of tangible assets, such...
