In a significant move towards fostering a safe and open environment for supervised entities in the decentralized finance (DeFi) space, the Bank of Italy’s Milano Hub innovation center is set to support a pioneering project. Spearheaded by Cetif Advisory, this initiative aims to explore and research the potential of a security token ecosystem for institutional...
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...
Banking titans such as JPMorgan and Citi want to supercharge Wall Street by borrowing a tool from crypto — tokenizing assets on a blockchain. “Once you have these assets that are tokenized, there are so many different use cases for them,” said Elliot Han, head of digital assets at Cantor Fitzgerald. Bernstein said in an...
The Avalanche Foundation is allocating up to $50 million to purchase tokenized assets created on its layer-1 blockchain, the company exclusively told TechCrunch. The initiative, Avalanche Vista, aims to highlight the value of tokenization in different sectors like equity, credit, real estate and commodities. Tokenization is the process of creating a digital representation of a...
Mati Greenspan, founder of Quantum Economics and a leading cryptocurrency expert, has joined the advisory board of Copernic Space, a web3-based space marketplace transforming the access and interaction with space assets. The partnership will involve Greenspan’s firm, Quantum Economics, in Copernic Space’s initiative to tokenize space assets. This is expected to revolutionize their accessibility to...
Google Play is creating an opportunity for blockchain developers and NFT projects to create immersive digital experiences and achieve widespread adoption. Google Play, the popular app store, announced on Wednesday that it would allow developers to integrate tokenized digital assets, including non-fungible tokens (NFTs), into their apps and games. This move is part of the...
Ripple Labs is looking to revolutionize the real estate industry through tokenization. Antony Welfare, central bank digital currency (CBDC) adviser at Ripple, has shared his insights on how Ripple through its Ripple CBDC can conquer the $3.69 trillion real estate industry. The Hong Kong Monetary Authority is looking at retail CBDC use cases, such as...
Today UK Finance, the banking and financial services industry body, called for government action to support the UK in adopting tokenized securities. Currently the UK is behind other countries regarding tokenization. Together with Oliver Wyman it published a report outlining a path for the UK to become a leader. “Securities tokenisation is likely to transform...
Precious gems like diamonds have historically been reliable investments. The monetary value of precious stones has proven the most stable during global crises. However, the market for precious metals and gemstones faces major hurdles in the form of counterfeiting and theft. Investing in tokenized assets is growing in popularity and can address a number of...
