German fintech company 21X, one of the four applicants for a blockchain trading infrastructure permit under the European Union’s DLT Pilot Regime, has received regulatory approval to launch a tokenization platform. The firm was granted a license to operate a blockchain-based trading and settlement system regulated by European laws, according to a Dec. 3 announcement....
Global asset manager WisdomTree has unveiled its latest blockchain platform, WisdomTreeConnect, designed to capitalize on the growing demand for tokenized real-world assets (RWAs). The platform, which operates alongside WisdomTree’s retail application, WisdomTree Prime, aims to facilitate easier trading options for both institutional and retail users by offering digital assets across multiple blockchain networks. WisdomTreeConnect will...
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...
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...
GIFT City Preparing for Tokenization of Real World Assets GIFT City, Gujarat’s international financial services center (IFSC), is set to launch its first regulated tokenization platform for real-world assets (RWA) in January 2024. This initiative positions GIFT City as a potential competitor to established financial hubs like Singapore and Dubai. Real Estate to Lead Tokenized...
Innovative Tokenization of SME Loans Taurus, a digital asset infrastructure provider, has teamed up with Teylor, a German fintech firm specializing in small business loans, to transform loans for small and medium enterprises (SMEs) into tokenized assets. This partnership aims to provide tokenholders with monthly cash flows from these assets. Integration with Taurus Infrastructure and...
RedSwan, based in Houston, Texas, continues its advancement in the real estate tokenization sector. On September 21st, 2023, the company secured an assignment to onboard and distribute a $4 billion real estate portfolio onto the blockchain. This portfolio, managed by Dubai-based WhiteRocks Holding, includes 36 mixed-use properties in the Middle East Gulf States region. RedSwan’s...
Landmark Licensing in Singapore’s Blockchain Sphere DigiFT, an Ethereum-based digital assets exchange, has achieved a significant regulatory milestone. The Monetary Authority of Singapore has granted DigiFT a Capital Market Services (CMS) license and recognized it as a Recognized Market Operator (RMO). This development, as reported on Nov. 5, positions DigiFT at the forefront of regulated...
Bitfinex Securities’ first tokenized bond, ALT2611, has raised only $1.5 million against its $10 million target two weeks post-launch. This development indicates a tepid response to what was initially touted as a significant innovation in capital raising. About the ALT2611 Tokenized Bond Launched on November 15, the ALT2611 Tokenized Bond is a digital representation of...
Taurus, a Swiss-based digital asset infrastructure provider, is setting up a new office in the United Arab Emirates (UAE), aiming to capitalize on the burgeoning tokenized real-world assets (RWAs) market, particularly in Dubai’s real estate sector. Dubai: A Fertile Ground for Real Estate Tokenization With Dubai’s housing industry projected to grow by 15% in 2024,...
