The US Department of Justice (DoJ) is investigating Visa’s policies for charging retailer more for not using its proprietary tokenisation technology, according to Bloomberg. The probe comes over two years after the DoJ’s antitrust arm began looking into whether Visa has restricted the ability of merchants to send debit transactions through less expensive networks. Several...
In a recent interview with Frank Chaparro, Director of News at The Block, Raj Dhamodharan, Executive Vice President and Head of Blockchain and Crypto at Mastercard reveals that the payment giant is planning to launch a digital asset initiative focused on central bank digital currencies (CBDCs) and tokenized assets. Dhamodharan provides insights into Mastercard’s approach,...
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...
In a startling turn of events, startup funding in North America is stumbling, gasping for breath after an exuberant run. How far down? For the second quarter of 2023, investors put $31.8 billion into seed- through growth-stage rounds for U.S. and Canadian startups, according to preliminary Crunchbase data. That’s the lowest quarterly total in more...
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...
Ondo’s OUSG token, one of the largest on-chain tokenized Treasury products, has accrued $134 million of assets under management on Ethereum. Ondo Finance, which already offers tokenized U.S. Treasuries on the Ethereum blockchain, expanded the product to the Polygon network. The company has issued its OUSG token, a tokenized version of BlackRock’s short-term U.S. government...
Digital assets slowly enmesh themselves into TradFi, and key growth drivers will be protocols that leverage blockchain technology to optimize TradFi enterprises. Analysts have called attention to a new presale from Uwerx, a protocol looking to change the face of freelancing and introduce a decentralized alternative. Could it herald the future of tokenized freelance work?...
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...
