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Digital assets platform Fireblocks has signed a Memorandum of Understanding (MoU) with Nonghyup Bank, a large South Korean bank specializing in commercial credit and banking services for the agricultural sector. They hope to launch a prototype for tax refunds. 🏦 💡 Fireblocks and Nonghyup Bank will use the Fireblocks Tokenization Engine in a pilot project to refund value-added tax (#VAT) and goods and services tax (GST) on purchases at retail outlets. Fireblocks co-founder and CEO Michael Shaulov told Cointelegraph that they are looking to increase transparency and security. He said: “Through #tokenization, we can assign unique digital identifiers to assets, allowing for real-time tracking across their lifecycle — from issuance to settlement — without the risk of manual error or fraud.” He added: “This not only reduces operational costs but also ensures a secure, immutable record that strengthens trust between banks and their clients.” NongHyup Bank and Fireblocks will look for other collaboration opportunities as well. Bank president Lee Seok-Yong said in a statement, “This MoU marks a pivotal step for NH Bank as we strive to deliver innovative blockchain-powered services to our customers.” The bank has over 10 million customers. More details in the Cointelegraph article by Derek Andersen. #AltBanking The leading aggregator, bringing the best actionable news, information and opportunities in this rapidly evolving ecosystem right to you. Share and Follow us to stay up-to-date! #finance #fintech #banking #innovation #digitalassets #Web3 #investment #DeFi #TradFi #digitalfinance #tokenisation #RWA #tax #Fireblocks #South #Korea https://lnkd.in/gakNtKyG

Cryptocurrency firm Copper.co said it is now able to offer clients secure custody and trading of tokenized money market funds such as BlackRock's BUIDL. ℹ️ 💡 Copper clients can also use tokenized money market funds as collateral in derivatives trades, after the #crypto custodian received regulatory approvals from the Financial Services Regulatory Authority (FSRA) in Abu Dhabi, the London-based company said. The company has signed new partnerships with key participants involved in #tokenization, including Securitize, Franklin Templeton, Ondo Finance and Hashnote. Securitize is the transfer agent and tokenization platform for Blackrock's USD Institutional Digital Liquidity Fund, issued on the #Ethereum #blockchain and represented by the blockchain-based #BUIDL token. "If the Fed does end up keeping rates higher for longer, these tokenized money market funds could enhance returns for derivative market participants, who would be earning income from the collateral they post to counterparties," Amar Kuchinad, Copper.co's global CEO, said in emailed comments. More details in the CoinDesk article by Will Canny. #AltBanking The leading aggregator, bringing the best actionable news, information and opportunities in this rapidly evolving ecosystem right to you. Share and Follow us to stay up-to-date! #finance #fintech #banking #innovation #digitalassets #Web3 #investment #DeFi #TradFi #digitalfinance #RWA #tokenisation #derivatives #money #market #fund https://lnkd.in/dHwsWHN8

In accordance with its strategy of deployment on several blockchains, after #Ethereum and #Solana, Societe Generale - FORGE (SG-FORGE) announces intention to deploy its #MiCA-compliant stablecoin EURCV on the XRP Ledger (XRP Ledger Community) to increase adoption. #EURCV will benefit from the scalability, speed, and low cost of the XRPL, a secure and decentralized Layer 1 blockchain. ℹ️ 💡 Over the past decade, the #XRPL has been the home of over 1,750 unique applications and exchanges, processing over 2.8 billion secured transactions since 2012, and supporting over 5 million active wallets. The EURCV #stablecoin will benefit from the XRPL’s thriving community. This multi-chain approach is set to launch in 2025, pending final technical integrations. EURCV will be issued on XRPL using Ripple Custody solutions (ex-Metaco, already used as technical service provider). “The XRP Ledger is the ideal platform to complement our existing deployments due to the combination of speed and cost-efficiency. Our decision to launch this stablecoin on this blockchain was driven by our desire to offer next-generation, compliant digital assets that promote transparency, security, and scalability.” said Guillaume Chatain, Chief Revenue Officer at Societe Generale - FORGE. “This is just the beginning. We look forward to further innovation and expanding the reach of our portfolio of digital solutions.” “Bringing trusted, banking-grade stablecoins like EURCV onto the XRPL is critical to enabling institutional use cases, like payments, which is a core focus for Ripple. Our payment solutions leverage stablecoins, XRP, and other digital assets to enable faster, more reliable, and cost-effective cross-border payments,” said Markus Infanger, SVP at RippleX. “Additionally, more credible assets on the XRPL drive greater trading volume, benefiting users, developers, and applications that want to tap into the power of blockchain technology.” #AltBanking The leading aggregator, bringing the best actionable news, information and opportunities in this rapidly evolving ecosystem right to you. Share and Follow us to stay up-to-date! #finance #fintech #banking #innovation #digitalassets #Web3 #investment #crypto #tokenisation #blockchain #DeFi #TradFi #digitalfinance #tokenization #RWA #Ripple https://lnkd.in/eyxShUHh

In a strategic partnership, Reltime, a Web3 and blockchain solutions provider, has joined forces with Norwegian Holding Limited’s ISON (Oslofjord Marina) project to launch a €150 million real estate #tokenization initiative. This venture will tokenize four major construction projects and allow investors worldwide to access Norwegian real estate by purchasing digital tokens, with the first focus on the Oslofjord Project. ℹ️ 🤝🏽 🏢 Through Reltime's Real-World Asset (#RWA) Tokenization Platform, investors can purchase digital tokens representing shares in these significant properties across #Norway. This project enables investors to participate in the construction phase, gaining early access to the projects' value from the outset. Upon project completion, investors can continue to buy, sell, or hold their fractional property shares, creating a flexible investment model that aligns with their individual goals. "This partnership represents a new era for real estate investment, enabling people from all walks of life to participate in property ownership in ways never before possible," said Marlene Julo, CEO of Reltime. "Our Real-World Asset platform will unlock unparalleled access to the lucrative Oslo Fjord property market, democratising real estate investment on a global scale. By making high-value assets accessible through #tokenisation, we are helping our customers to open doors to a broader, more inclusive investment community globally." Anders Dybvik, CEO of Norwegian Holdings Ltd., echoed this vision, focusing on the company's dedication to sustainable and premium developments across the globe. "We're excited to adopt tokenisation as a means of making property ownership more accessible and liquid, which enhances the appeal and reach of our high-value properties; with the initial project valued at over $150 million, this collaboration marks a significant step in making premium assets more attainable and flexible for investors worldwide. Both companies are optimistic about the potential for tokenised asset expansion into other prime locations, setting the stage for a truly global platform for real-world asset ownership." #AltBanking The leading aggregator, bringing the best actionable news, information and opportunities in this rapidly evolving ecosystem right to you. Share and Follow us to stay up-to-date! #finance #fintech #innovation #digitalassets #Web3 #investment #blockchain #DeFi #TradFi #digitalfinance #realestate #property https://lnkd.in/djWmU4ci

As part of the Singapore FinTech Festival, Amazon was involved in a blockchain #tokenization simulation in collaboration with stablecoin firm StraitsX and NTT Digital, Inc.. 💡 🤝🏽 Typically Amazon Marketplace sellers receive payments every 14 days, but it can stretch to 90 days under certain circumstances. These sellers account for the majority of Amazon sales. The simulation involved tokenizing these receivables and placing them on an exchange where lenders can buy them at a small discount. This kind of tokenized trade finance would allow the marketplace sellers to receive money faster. In the simulation, those sellers receive the StraitsX XSGD #stablecoin wrapped as Purpose Bound Money (PBM). The wrapper can include conditions for the money’s usage or simply ensure compliance with regulations such as KYC. However, this is purely a simulation, not a planned Amazon solution. Several years ago, supply chain finance firm TradeShift envisaged a similar platform but didn’t launch it. Other startups are using #blockchain to tokenize trade credit. Tokenization startup Centrifuge initially was dedicated to SME trade finance but has substantially diversified away from the asset class. Others such as Credix have stepped in to fill the gap, although it’s now more focused on SME buy now, pay later (BNPL). #AltBanking The leading aggregator, bringing the best actionable news, information and opportunities in this rapidly evolving ecosystem right to you. Share and Follow us to stay up-to-date! #finance #fintech #banking #innovation #digitalassets #Web3 #investment #tokenisation #crypto #DeFi #TradFi #digitalfinance #Amazon #RWA #securities #STM #tradefinance https://lnkd.in/e7bjEA24

DWF Labs has partnered with the University of California, Los Angeles (UCLA) on a new educational initiative focused on tokenized securities. 🤝🏽📖🎉 The #Web3 investor and crypto market maker will be featured in a case study in the upcoming book, The STO Financial Revolution, the latest blockchain educational initiative spearheaded by UCLA faculty member and author Alex Nascimento. Through these initiatives, DWF aims to advance institutional understanding of #tokenization and security token offerings (#STOs), according to Andrei Grachev, managing partner of DWF Labs. “We are excited to share our experience and help shape the industry’s future by influencing how institutions understand and engage with digital assets and STOs,” said Grachev. More educational institutions are recognizing the transformative potential of #blockchain technology. Universities are increasingly seeing blockchain as a “crucial infrastructure” for the future of financial technology for two main reasons, DWF Labs’ Grachev told Cointelegraph: “There’s a need to equip future professionals with the skills and knowledge to navigate this blockchain-enabled economy. Secondly, institutions are responding to the demand from students and industries alike for advanced insights into blockchain’s potential to increase transparency, security, and inclusivity within financial systems.” DWF Labs aims to continue partnering with research and educational institutions to further blockchain education among traditional and #crypto firms, Grachev added. More details in the Cointelegraph article by Zoltan Vardai. #AltBanking The leading aggregator, bringing the best actionable news, information and opportunities in this rapidly evolving ecosystem right to you. Share and Follow us to stay up-to-date! #finance #fintech #education #innovation #digitalassets #investment #tokenisation #DeFi #TradFi #digitalfinance #RWA #securities #UCLA https://lnkd.in/eTPP7mEy

The Deutsche Bundesbank has become a member of Project Guardian, a collaborative initiative organised by the Monetary Authority of Singapore (MAS). ℹ️ 🏦 Initiated by MAS in May 2022, Project Guardian is a global collaboration between policymakers and key financial industry players aimed at enhancing liquidity and efficiency of financial markets through asset #tokenisation. "MAS is working intensively on innovative topics that we are also dealing with in #Europe, for example regarding how innovative technologies and concepts, such as distributed ledger technology (#DLT) or #blockchain, can be put to meaningful use in the financial sector, said Deutsche Bundesbank Executive Board member Burkhard Balz. "The Bundesbank is very pleased to be cooperating with a partner that is as competent as MAS.” As part of the Asset & Wealth Management workstream, the Bundesbank will test an interoperable blockchain platform for tokenised and digital #funds. Sing Chiong Leong, Deputy Managing Director (Markets and Development) of MAS, said, "We are delighted to welcome the Deutsche Bundesbank to Project Guardian. The Bundesbank’s expertise will be invaluable as we work together to enhance liquidity and efficiency of financial markets through asset tokenisation." #AltBanking The leading aggregator, bringing the best actionable news, information and opportunities in this rapidly evolving ecosystem right to you. Share and Follow us to stay up-to-date! #finance #fintech #banking #innovation #digitalassets #Web3 #investment #DeFi #TradFi #digitalfinance #tokenization #RWA #Bundesbank #MAS #Germany #Singapore https://lnkd.in/epDvg2SW

Anemoy, a Web3 native asset manager powered by Centrifuge, announced ratings from Moody's and Particula for their tokenized Liquid Treasury Fund managed by Janus Henderson Investors. The #fund received an Aa from Moody’s and an A+ from Particula. 💡 👏🏽 The #bond fund rating reflects the high credit quality of the fund’s underlying assets, primarily U.S. Treasury Bills, and the operational oversight of Janus Henderson, a top-tier asset manager. Vanessa Robert, Senior Credit Officer at Moody's Corporation, remarked, “The Aa bond fund rating signals our confidence in the fund’s asset quality and operational controls, despite its use of emerging #blockchain technologies.” Particula emphasized the robust operational structure, transparency, and use of the Centrifuge platform for #tokenization, which ensures secure onchain efficiency, scalability, and regulatory compliance. Particula’s report also highlighted the direct ownership of U.S. Treasury Bills as a significant factor in safeguarding investor interests. Timm Reinsdorf, CEO at Particula, commented, "The A+ rating reflects Anemoy's effective integration of blockchain technology within traditional asset management practices, highlighting a secure and well-executed deployment of decentralized solutions that create high standards of transparency and operational efficiency." Martin Quensel, Co-founder of Anemoy, expressed his pride in the team’s accomplishment: “Securing these ratings from both Moody’s and Particula validates our vision of bridging traditional finance with decentralized technology. This marks a significant step forward for institutional adoption of tokenized assets, and we’re just getting started.” #AltBanking The leading aggregator, bringing the best actionable news, information and opportunities in this rapidly evolving ecosystem right to you. Share and Follow us to stay up-to-date! #finance #fintech #banking #innovation #digitalassets #Web3 #investment #tokenisation #Moodys #DeFi #TradFi #digitalfinance #RWA https://lnkd.in/eBNDdTT2

Insightful market report for October 2024 released by Security Token Market 🌴 analyzing secondary market activity and benchmarking against the CoinDesk 20 Index (CD20). 📈ℹ️💡 In this month’s market report, they have tracked 680 security tokens spanning across 35 marketplaces and 10 blockchains. An excellent job done by Security Token Market 🌴's: Herwig “Happy” Konings, Jason Barraza, and Caleigh Crossman. 👏🏽 In October, trading activity declined a significant amount, -42.13% at 147 tokens, compared to 254 tokens in September 2024. Additionally, the overall trading volume showed a decrease of -27.07% from $4,180,650 in September to $3,048,764 in October. On the other hand, the market cap increased by 8.70% over the month, rising from $42,480,343,597 on October 1st to $46,175,429,297 by the close of the month. Be sure to checkout the full report! 👇🏽 #AltBanking The leading aggregator, bringing the best actionable news, information and opportunities in this rapidly evolving ecosystem right to you. Share and Follow us to stay up-to-date! #finance #fintech #banking #innovation #digitalassets #Web3 #investment #tokenisation #blockchain #DeFi #TradFi #digitalfinance #tokenization #RWA #securities #STM

Groupe Caisse des Dépôts successfully completed its first issuance of the EUR 100 million digitally native notes; a pioneering operation on the capital market in #France. The note was placed to ICBC Luxembourg Branch, acting as the investor on this transaction. 🏦 🎉 💡 The issuance of the EUR 100 million 3.33% digitally native notes was carried out using the digital financial market infrastructure (“D-FMI”), the DLT-based component of the securities settlement system operated by Euroclear, for the creation of the digitally native notes, and the Banque de France’s cash #DLT (DL3S), for the cash leg of the issuance. The transaction was arranged and placed by Crédit Agricole CIB and Natixis Corporate & Investment Banking. The digitally native notes are admitted to trading on the regulated market of Euronext Paris and are rated AA- by S&P Global. BNP Paribas acted as issuing and paying agent and Clifford Chance acted as legal advisor on the transaction. “We wanted to participate in this digital issuance, a pioneering operation on the capital market in France, to support players in the sector working around Euroclear and the Banque de France” said Nathalie TUBIANA, Chief Financial and Sustainable Policy Groupe Caisse des Dépôts Officer. “Choosing Banque de France’s Full DLT Interoperability solution for settling the cash leg of this issuance stresses the importance of tokenised Central Bank Money for the development of the #tokenisation of finance." said Emmanuelle Assouan, Director General Financial Stability & Operations at Banque de France. “We are excited to support the French financial market in adopting digital asset securities. It is crucial for participants, financial market infrastructures, and central banks to collaborate in bridging the gap between traditional finance and digital asset #securities” said Sebastien Danloy, Chief Business Officer at Euroclear. “CACIB is proud to act as a dealer in this inaugural Digital issuance for CDC, in partnership with Euroclear and Banque de France. This initiative marks a new major step forward in the development of the French ecosystem around digital bonds” said Benjamin Moulle, Global Head of SSA Primary at Crédit Agricole Corporate and Investment Bank. “Natixis Corporate & Investment Banking’s participation in this experiment is a strategic decision aimed at enhancing our capabilities in #tokenization and wholesale #CBDCs” said Gabriel Levy, Global Head of Debt Capital Markets at Natixis Corporate & Investment Banking. #AltBanking The leading aggregator, bringing the best actionable news, information and opportunities in this rapidly evolving ecosystem right to you. Share and Follow us to stay up-to-date! #finance #fintech #banking #innovation #digitalassets #Web3 #investment #blockchain #DeFi #TradFi #digitalfinance #tokenization #RWA #capital #market https://lnkd.in/eE2JXXqa