In April, Visa presented its solution for the Banco Central do Brasil’s central bank digital currency (CBDC) competition, the Real Digital LIFT Challenge. The prototype consists of a programmable finance platform for small and medium-sized businesses (particularly farmers), which allows tokenizing sale contracts into NFTs and auctioning them to global investors. Microsoft, Sinqia, and Agrotoken...
Fasset and Minted to partner and provide increased access to tokenized precious metals across developing markets including Turkey, Indonesia and UAE Today Fasset, the global digital asset platform for emerging markets, announces its partnership with Minted, a leading provider of precious metals, to offer increased accessibility and liquidity to the global precious metals market through...
We’ve previously reported on Mitsui Busan Digital Asset Management’s (Mitsui) issuance of digital securities backed by Japanese real estate. After tokenizing four funds last year, in November 2022 it started pre-registering investors for its Alterna consumer-targeted investment platform and now has 10,000 people signed up. So far, Mitsui has Yen 230 billion ($1.7 billion) in...
Blockchain technology, which has been around for several years, has substantially altered the global landscape. Experts say that services based on the blockchain will have a big impact on many parts of the economy, especially the tokenization of real estate, financial firms, and businesses. Real estate is considered one of the safest and most profitable...
The global Tokenization market is projected to reach USD 2709.9 million by 2028 from an estimated US$ 1301.6 million in 2022, at a CAGR of 13.0% during 2023 and 2028. The future of tokenization is quite bright because blockchain technology is always evolving. In order to increase traceability and liquidity, it involves turning tangible assets...
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...
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...
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...
