Tokenized RWA

Tokenization Could Unlock $5 Trillion Market, Driven by Stablecoins and CBDCs: Bernstein Report
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Tokenization Could Unlock $5 Trillion Market, Driven by Stablecoins and CBDCs: Bernstein Report

Tokenization, the process of transforming real-world assets into blockchain-based tokens, has the potential to unlock a market worth approximately $5 trillion within the next five years, according to a new report by Bernstein. The report, released on Tuesday, highlights that this significant growth could be led by stablecoins, central bank digital currencies (CBDCs), securities, private...

Hong Kong Set to Launch Crypto ETFs, Eyeing Status as Global Digital Asset Hub
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Hong Kong Set to Launch Crypto ETFs, Eyeing Status as Global Digital Asset Hub

Hong Kong is poised to strengthen its position as a leading global hub for digital assets by launching several cryptocurrency exchange-traded funds (ETFs), including those based on Bitcoin and Ether. This initiative comes as the region seeks to revitalize its reputation as a top financial center. Leading Chinese fund managers are in the final stages...

Hong Kong Set to Approve First Bitcoin and Ethereum ETFs
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Hong Kong Set to Approve First Bitcoin and Ethereum ETFs

Hong Kong regulators are reportedly on the brink of approving the first Bitcoin and Ethereum exchange-traded funds (ETFs) in Asia, with an announcement expected by April 15. This pioneering move could position Hong Kong as the inaugural Asian market with operational Bitcoin and Ethereum ETFs. Sources close to Bloomberg suggest that an international branch of...

Mixed Signals in Bitcoin ETF Market Amidst Grayscale’s Record Outflows
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Mixed Signals in Bitcoin ETF Market Amidst Grayscale’s Record Outflows

The landscape of Bitcoin ETFs in the US is witnessing a paradox of flows, with the recent market activities reflecting a mixed sentiment among investors. After a sequence of inflows, the Bitcoin ETF market encountered a significant net outflow, primarily attributed to a massive withdrawal from Grayscale’s GBTC fund, which saw a record outflow of...

China Fund Eyes Q2 for Launch of Hong Kong’s First Spot Bitcoin ETF
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China Fund Eyes Q2 for Launch of Hong Kong’s First Spot Bitcoin ETF

In a bold stride towards embracing cryptocurrency, the Hong Kong subsidiaries of leading fund companies, including Southern Fund and Harvest Fund, are spearheading the development of Bitcoin exchange-traded funds (ETFs). A recent report highlights the submission of a spot Bitcoin ETF application to the Hong Kong Securities Regulatory Commission by Harvest Fund, marking a significant...

Bank of England Unveils Plans for a Digital Securities Trading Sandbox
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Bank of England Unveils Plans for a Digital Securities Trading Sandbox

In a forward-looking move to embrace technological advancements in the financial sector, the Bank of England, alongside the Financial Conduct Authority, has initiated a public consultation for a pioneering ‘digital sandbox.’ This initiative aims to facilitate the testing of digital securities trading in realistic market conditions while maintaining a controlled regulatory framework. Set against the...

UAE Central Bank Initiates Digital Dirham Strategy
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UAE Central Bank Initiates Digital Dirham Strategy

The Central Bank of the United Arab Emirates (CBUAE) has officially begun the first phase of its central bank digital currency (CBDC) strategy, aiming to integrate a digital dirham into both retail and wholesale markets. This ambitious move is part of the broader Financial Infrastructure Transformation Programme, which seeks to bolster the efficiency of payment...

Hong Kong Sets Deadline for Virtual Asset Service Providers to Apply for Licenses
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Hong Kong Sets Deadline for Virtual Asset Service Providers to Apply for Licenses

The Hong Kong government has issued a clear directive to virtual asset service providers (VASPs): apply for a license by February 29 or cease operations by May 31. This announcement, made by Christopher Hui, the Secretary for Financial Services and the Treasury, underscores the city’s commitment to regulating the burgeoning virtual asset industry. Hui highlighted...

Top Miner Employees Receive Dividend Payments in Digital Financial Assets
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Top Miner Employees Receive Dividend Payments in Digital Financial Assets

Nornickel, known globally for its nickel and palladium production, has taken a unique step in employee compensation by venturing into the world of digital assets. Last year, the miner initiated the Digital Investor program, where employees receive ‘minetokens’ — digital financial assets linked to the company’s stock. This move, launched in March 2023, represents a...

Tokenized Funds Highlight Untapped Market Potential, Says Moody’s
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Tokenized Funds Highlight Untapped Market Potential, Says Moody’s

In a recent analysis, Moody’s, a leading financial services corporation, has identified a significant rise in blockchain-based tokenized funds. This growth, particularly in fixed-income tokenized funds investing in government securities, is seen as an indication of untapped market potential. The surge, partly driven by U.S. Federal Reserve interest rate hikes, has seen tokenized fund issuance...