Plaza

⚡Exciting times ahead!⚡ In just one week, ADGM Abu Dhabi Finance Week 2024 begins, and we couldn’t be more thrilled to attend. This year’s theme, “Welcome to the Capital of Capital,” perfectly captures Abu Dhabi’s dynamic role as a financial powerhouse. ADFW will dive deep into how the city harnesses cutting-edge technology, top-tier talent, and innovative capital strategies to shape the future of global finance. Looking forward to engaging with industry leaders and exploring the next chapter of the Falcon Economy. 🚀 https://lnkd.in/dnqbtgFu #ADFW2024 #Fintech #CapitalOfCapital #PlazaDeFi #FutureOfFinance

🌠 We’re proud to announce that Plaza will be attending Session 1 of the Creative Destruction Lab (CDL) Web3 Stream tomorrow! 🍁 It's truly an honor to be part of this prestigious program, which has established itself as Canada's leading accelerator for seed-stage startups, focusing on scientific and technology-based ventures. Being selected into CDL is an incredible opportunity, and we’re eager to connect with some of the world’s top investors, mentors, and industry experts who will be helping us drive innovation in institutional DeFi. 🚀 CDL has an impressive track record, guiding startups through its objectives-based framework while focusing on measurable outcomes that promote growth and scalability. With its global network and unmatched resources, CDL has created over $20 billion in equity value for its alumni companies. Being part of this cohort is a major milestone for Plaza, as we work to build the future of decentralized finance. We look forward to the journey ahead! #CreativeDestructionLab #CDLWeb3 #CDL #InstitutionalDeFi #PlazaDeFi #BlockchainInnovaiton #Web3

🚀 Fintech Surge 2024 kicks off today! 🚀 The future of money is here as we dive into a day packed with insights from top industry leaders. Starting at 11:50 AM, we’ll see the opening session at the Future of Money Hall followed by a visionary dialogue at 12:00 PM: "2030, The Trillion Dollar Year," discussing fintech’s projected role in 25% of global banking valuations by 2030. Excited to explore the latest trends in digital payments, blockchain, and beyond. Who else is attending? 🙌 linktr.ee/fintechsurge #FintechSurge2024 #DigitalPayments #Blockchain #FutureOfFinance #PlazaDeFi

Exciting things are just around the corner as Fintech Surge 2024 is set to kick off next week! With a spotlight on fintech innovation, this event promises a deep dive into the future of digital payments, blockchain, and open banking. Attendees will also explore cutting-edge solutions in cybersecurity and AI-driven financial services. Innovation and Success in the UAE: The UAE’s commitment to becoming a global hub for innovation is reflected in its ambitious investment plans, such as allocating 1.5% of its GDP to R&D by 2025. The tech startup scene is booming, especially in fintech and smart city technologies, with notable projects like the Dubai Blockchain Strategy. See you at the Fintech Surge! https://lnkd.in/guFjp6cE #FintechSurge #Blockchain #PlazaDeFi #DigitalPayments #FutureOfFinance #UAE #Dubai

The Middle East Banking Innovation Summit 2024 is kicking off today, bringing together more than 400 senior bankers and fintech leaders to discuss the future of banking in the MENA region. Key topics include: 💶 AI and Machine Learning in banking operations to enhance efficiency. 💴 Open Banking and Financial Inclusion, accelerating collaboration in the digital economy. 💷Data-Driven Strategies for gaining a competitive edge in the financial services sector. Looking forward to exploring how these trends will shape the future of finance. See you there! #MEBIS #Fintech #BankingInnovation #PlazaDeFi

Exciting times ahead! 🌍✨ The financial landscape in the Middle East is rapidly evolving, and next week, one of the most anticipated events in banking innovation will take place — the Middle East Banking Innovation Summit 2024. 🗓️ This summit will be a deep dive into the latest trends in digital transformation, fintech advancements, and what the future holds for banking in the region. As the need for secure, efficient, and cutting-edge financial solutions continues to grow, this is the perfect opportunity for thought leaders, innovators, and institutions to come together. Looking forward to connecting with brilliant minds and exploring the future of finance! Who else is attending? 🤝 #BankingInnovation #Fintech #MiddleEastFinance #DigitalTransformation #PlazaDeFi

Tokenized RWA Market Hits $10 Billion, Draws Major Institutions An article at BeInCrypto highlights the changing tide for institutional tokenization adoption. 🪙 Market Size Growth: The RWA market is set to exceed $10 billion, showing rapid growth due to the increased tokenization of physical assets like real estate, bonds, and commodities. 🏦 Institutional Interest: Large financial institutions are starting to explore the benefits of RWAs, particularly for improving liquidity and transparency. 🚧 Challenges: Despite growing interest, regulatory hurdles and scaling limitations remain obstacles for widespread adoption and market expansion. Is now the time that the momentum of RWA really overcomes the inertia (and downright resistance) of legacy systems? https://lnkd.in/e2yhJJsq #Tokenization #RealWorldAssets #BlockchainFinance #RWA #DigitalAssets #DeFi #PlazaDeFi

In a recent article, CoinDesk highlighted the challenges for institutional DeFi adoption, pointing out the need for a "BUIDL" moment. https://lnkd.in/gchC3amv At Plaza, we’re committed to driving institutional adoption by moving financial institutions beyond pilot projects. The article outlines three approaches to doing so: ⬇️ the top-down approach (regulatory and policy-driven integration), ⬆️ the bottom-up approach (building grassroots tech and community), ➡️and the shortcut approach (merging both through intermediaries). Following with our hybrid nature of being a DGT Network-based solution, Plaza bridges the top-down and bottom-up approaches by focusing on institutional-grade infrastructure, aligning with both regulatory demands and grassroots innovation. Our goal: to bring DeFi from pilot to production. ⛓️ Another crucial aspect we would add to the Coindesk's article is interoperability. In DeFi, institutions often pilot systems in silos and both cross-chain and legacy interoperability needs to be improved in current solutions if there is any drive for mainstream adoption. #InstitutionalDeFi #PlazaDeFi #Blockchain #DeFi #Banking

🪙 Stablecoins are rapidly gaining traction as a go-to solution for settlement in financial institutions and cross-border trade. The driving forces behind this trend include the need for stable, reliable digital assets that mitigate the risks of volatility seen in other cryptocurrencies. 🏦 With central banks exploring digital currencies and countries like Singapore and the UAE pushing blockchain adoption, stablecoins are at the forefront of institutional finance. 🚀 Key advantages include real-time settlement, lower transaction costs, and enhanced transparency, making them highly attractive for businesses engaging in international trade or financial services. Additionally, their programmability allows for automatic compliance checks, reducing the burden of regulatory reporting while increasing trust in blockchain technology. This is critical for companies dealing with diverse currencies and assets. 💴 As more stablecoin solutions integrate into mainstream financial systems, we expect faster adoption across industries like supply chain management and remittances. Governments are also warming to the idea of issuing or regulating stablecoins, providing an extra layer of legitimacy. ❗At Plaza, we’re capitalizing on this momentum. Our blockchain platform is designed to facilitate secure and efficient settlements with stablecoins, streamlining cross-border financial processes and opening new doors for institutional players. With Plaza’s infrastructure, we’re enabling a future where stablecoins drive the global economy forward, helping firms move assets seamlessly across borders. https://lnkd.in/gmb7W8TX #RWA #DGT #PLAZA #Tokenization #Stablecoins #Blockchain #DigitalAssets #FinancialInnovation #CryptoSettlement #Fintech #InstitutionalDeFi #InstitutionalFinance #FutureOfFinance #B2B

Last week, the Hong Kong Monetary Authority (HKMA) provided guidance to banks on their use of distributed ledger technology (DLT). When public blockchains are allowed, the regulator remarks that, in some cases, they should not be the first choice, and proper risk assessment and compensatory measures must be put in place. To achieve the efficiencies promised by DLT in traditional finance operations, which blockchain maximalists have been advocating (we too since 2017), jurisdictions must have clear regulations in place to govern the use of blockchains. For instance, a repo transaction conducted in the scope of Project Guardian required nine months of preparation on the legal side. Interestingly, the involved parties—UBS (Switzerland), DBS Bank (Singapore), and SBI Securities (Japan)—operate in some of the most progressive jurisdictions for tokenization. Switzerland and Singapore legislation support native securities issued on public blockchains, while Japan permits native digital securities on permissioned platforms without using a CSD. In this particular case, the FSA in Japan gave permission for the one-off transaction and observed the transactions. Other jurisdictions that have already taken stances on the public | private blockchain concern and DLT regulations: 🇩🇪 ⚫ Germany has passed early legislation, leading to a reasonable volume of token issuances. 🇪🇺 ⚫ The EU's DLT Pilot Regime supports both blockchain as the primary securities registry and the use of public blockchains. 🇬🇧 ⚪ The UK's Digital Securities Sandbox, starting in January, permits blockchain as the registry but initially requires permissioned blockchains. 🇨🇭 ⚪ The Basel Committee considers all bank usage of public blockchains as high risk, resulting in unattractive balance sheet treatment for banks, prompting pushback from industry bodies. 🇦🇪 ⚫ In the UAE, the “Guidelines for Financial Institutions adopting Enabling Technologies” issued by the Central Bank of the UAE, together with the Securities and Commodities Authority (SCA), the Dubai Financial Services Authority (DFSA) of the DIFC, and the Financial Services Regulatory Authority (FSRA) of ADGM in November 2021, allow both permissioned and permissionless DLT applications with certain caveats: ◼ Institutions developing permissionless DLT applications should ensure that users are not anonymous or pseudonymous, as allowing anonymity and pseudonymity can facilitate criminal purposes like tax evasion, bribery, money laundering, or terrorism financing. ◼ Applications involving any of the following elements should use permissioned systems: a. Customer assets, funds, or other forms of ownership, rights, or interests such as contracts; b. Personal Data; c. Requirements for a controlled set of participants or restricted access. ▫ ◽ ◻ Looking forward to seeing other jurisdictions join with their regulations on the issue.