“For tokenization to reach its potential, institutions will need to be able to seamlessly connect with the whole financial ecosystem. Our experiments have demonstrated clearly that existing secure and trusted Swift infrastructure can provide that central point of connectivity, removing a huge hurdle in the development of tokenization and unlocking its potential.” Swift has unveiled...
Num Finance, the issuer of local stablecoins in Latin America, has launched its newest stablecoin, nCOP. Designed to be pegged to the Colombian Peso, nCOP is now “live on the Polygon network, Num Finance’s primary blockchain partner.” This launch represents a major expansion of the Num Network, “the project’s growing ecosystem designed to enable people...
Infrastructure and data platform services of Russia’s Yandex Cloud helped miner Nornickel accelerate the development of products for mining and geological modelling, the companies announced. Nornickel previously used in-house servers for these purposes, and the switch to Yandex Cloud helped accelerate some processes by 18%, the company said. “In the global market, the digital development...
Dinari secured $7.5 million in seed funding and announced the launch of its dShares corporate equity trading platform for non-US users. Fintech startup Dinari rolled out its dShare trading platform on Tuesday and announced it has successfully raised $7.5 million in seed funding from investors. dShare is a platform that provides users with blockchain-backed tokenized...
Backed Finance has integrated Chainlink’s price feeds, onboarding a suite of tokenized assets to six different blockchains. After Backed Finance added Chainlink’s price feeds, the tokenization project is now launching its various tokenized products to a variety of networks. Backed is a DeFi project working in the tokenization and real-world asset sector. This means it’s...
In May we reported that Crédit Agricole Italia was working with blockchain startup BlockInvest on a tokenized bond solution as part of the Bank of Italys’ DLT trials. The focus was mini bonds for SMEs. Now the bank and startup plan to develop the bond solution beyond the trial, aiming to go into production at...
Securitize, the U.S.-based leader in real-world asset tokenization, has begun the issuance of tokenized securities in Europe. The news follows the June 2022 announcement that Securitize had been accepted into the test environment (or “sandbox”) for digital asset securities led by the Spanish General Secretariat of the Treasury and International Finance (CNMV). Within this sandbox,...
As we continue to witness the sweeping transformation of financial landscapes globally, blockchain technologies are offering more than just digital currencies. A new trend that has started to gain traction is the tokenization of real-world assets. The introduction of blockchain technology in asset management has seen the dawn of an innovative platform, IBAX, that allows...
Today blockchain startup Securitize announced the issuance of its first European Union security token for equity in the Spanish real estate investment trust (REIT) Mancipi Partners. Securitize is currently operating within the sandbox of the Spanish securities regulator CNMV, with plans to start trading the digital securities in September. The token is minted on the...
The Milano Hub innovation centre created by the Bank of Italy has announced its support for a DeFi tokenization project developed by Cetif Advisory. The main goal of the project is to research a security token ecosystem for institutional decentralized finance (DeFi), and while the project has no commercialisation purpose, it can support the scope...
