Pakistan’s government recently took an historic step to demonstrate their dedication to blockchain technology by signing an MOU with cryptocurrency exchange giant Binance to explore tokenizing an estimated $2 billion of state assets. According to reports by Reuters, this partnership aims to use blockchain’s potential for transparency, liquidity, and accessibility of public sector assets across...
Article Category: Blockchain
Superstate announces direct stock issuance for public companies on Ethereum and Solana blockchains
Superstate Financial Technologies recently made headlines when it announced it will enable U.S. registered public companies to issue shares directly onto Ethereum and Solana blockchain networks through what it refers to as Direct Issuance Programs (DIPs). For trading purposes, Superstate uses The Defiant TradingView’s DIP API which offers companies this feature.+2 This marks a pivotal...
Real Finance Awarded $29M to Establish Institutional Rails for Tokenized Assets
Real Finance, an emerging infrastructure developer for digital markets, recently raised an impressive $29 million investment to expand their institutional platform for tokenized assets – representing one of the most notable capital raises in RWA industry history. Led by several global venture firms and supported by major institutional investors alike, Real Finance’s successful fundraising round...
SEC Chair Atkins Announces Shock $68T Tokenized Market Timeline, Placing Legacy Infrastructure in Danger
Gary Gensler, Chairman of the Securities and Exchange Commission (SEC), recently made headlines for revealing an ambitious timeline for developing tokenized markets by 2030 – projecting that $68 trillion will have been tokenized assets by then! This startling forecast sent shockwaves through both financial and technological sectors alike; signaling a paradigm shift towards blockchain technology...
WisdomTree brings options income strategy onto blockchain with new tokenized fund.
WisdomTree — an established asset manager — recently made an important foray into digital assets by unveiling its “options income” tokenized fund on blockchain. This move signifies the company’s move away from conventional finance into crypto-era asset management by offering investors yield-generating exposure through blockchain-native securities. WisdomTree’s new fund is structured so that investors receive...
Cardano Suffers Temporary Chain Split From Code Bug, but ADA Hangs On
The Cardano blockchain experienced a brief but noticeable disruption after a code-related issue caused a temporary chain split, raising concerns among users and developers about network stability. Despite the incident, the blockchain quickly recovered, and the ADA token remained relatively steady, demonstrating resilience in the face of technical challenges. According to developers involved with the...
Societe Generale’s SG-FORGE Issues First Tokenized Bond in U.S.
Societe Generale’s digital assets arm SG-FORGE recently successfully issued its inaugural tokenized bond issuance in the United States – marking a bolder venture into on-chain capital markets for legacy financial institutions. (CoinDesk News Service).What was issued SG-FORGE issued a short-term floating-rate debt security tied to the U.S. Secured Overnight Financing Rate (SOFR). This bond was...
How Much Are My Early Investments in iShares Bitcoin Trust ETF (IBIT) Worth Today?
BlackRock’s launch of IBIT on January 5, 2024 marked a landmark moment for mainstream crypto exposure. Investors who placed $10,000 into IBIT at launch may now wonder what their investment is worth today? Launch and Early Performance Evaluation. IBIT was initially created to provide investors with access to spot bitcoin via an ETF structure–an innovative...
Alibaba to Use JPMorgan Blockchain For Tokenized Dollar and Euro Payments: CNBC
Alibaba Group will expand its global payments infrastructure by adopting JPMorgan’s blockchain-based settlement system for tokenized U.S. dollar and euro transactions, according to CNBC reports. This represents another step in the growing adoption of blockchain technology by major multinational corporations seeking faster cross-border payment mechanisms. CNBC recently reported that Alibaba will soon utilize JPMorgan’s Onyx...
Harvard Endowment Makes Historic Bet on Bitcoin with $443M Bet on BlackRock IBIT
Harvard University Endowment Fund, one of the world’s largest and most closely observed institutional funds, recently made headlines when they announced a $443 million allocation to BlackRock’s iShares Bitcoin Trust (IBIT). If confirmed, this represents one of the most noteworthy endorsements of Bitcoin by an academic institution as well as growing recognition by traditional investors...