Daniyar Serikbay’s Post

State Street's Bold Move into Stablecoins and Tokenized Deposits 🏦💻 State Street, a powerhouse in global asset management, is exploring the use of stablecoins and tokenized deposits for blockchain settlements. This strategic shift underscores the growing importance of decentralized finance (DeFi) in conventional financial systems. 💡 Key Highlights: 🔹 **Leveraging Blockchain**: The integration aims to enhance efficiency and transparency in transaction settlements. 🔹 **Stablecoins**: State Street is evaluating stablecoins for their potential to reduce volatility and streamline operations. 🔹 **Tokenized Deposits**: These would allow for immediate settlement and improved liquidity, promising a transformative impact on traditional banking processes. This initiative is a resounding testament to how blockchain technology is reshaping the financial landscape. By adopting these innovations, State Street is not just keeping up but setting the pace for future banking operations. Are we witnessing the dawn of a new era in finance? 🤔 Share your thoughts and let’s discuss. #Blockchain #Stablecoins #Tokenization #DeFi #StateStreet #FinanceInnovation #BankingTransformation Read More:

🚨Chainlink, UBS & Swift Team Up Blockchain company Chainlink, global financial messaging platform Swift and the asset management unit of Swiss bank UBS said they successfully wrapped up a pilot testing the ability to settle and redeem fiat cash from tokenized funds. The project, completed as part of the Monetary Authority of Singapore (MAS) Project Guardian, showcased how Swift's infrastructure can facilitate off-chain cash settlements for tokenized funds. It also demonstrates how tokenization and blockchain can work to improve, not replace, Swift, which connects over 11,500 financial institutions in more than 200 countries. As Singapore and other jurisdictions around the world offer more tokenised funds, the ability to gain quick and efficient access to cash — which is what the multitrillion dollar traditional finance (#TradFi) industry wants to settle in — is important. "I think this shows where we're going with our work with Swift and how it can be useful for various parts of the financial services industry," Sergey Nazarov, co-founder of Chainlink, said in an interview. Nazarov said the pilot enables the huge market of TradFi investors to subscribe to tokenized funds via a Swift transfer they are already familiar with, and not a stablecoin, central bank digital currency (CBDC) or other digital asset. "We've been emphasising for years the need for the large institutional market, where most of the world's value currently resides, to flow into the blockchain industry. We're now helping facilitate this shift in a reliable, technical and secure way," Nazarov said. As part of the pilot, Swift’s system, combined with Chainlink’s platform, also facilitated the automatic minting and burning of UBS tokenised fund tokens. #fiat #currency #tokenised #funds #innovation

New Post: Goldman Sachs, BNY Mellon, and Additional Firms Pilot Blockchain Technology for Asset Tokenization - https://lnkd.in/g_e7nik4 -\[POST_IMAGE\] #cryptonewsbytes #cryptocurrency #crypto #cryptonewsbytes #bitcoin #ethereum #eth #btc

Revolutionary Digital Asset Custody Technology Disrupts Financial Services Sector, Redefining Security and Efficiency #Bitcoin #BTC #Crypto #cryptocurrency #blockchain #AI #cryptocurrencynews #eth #stockmarket #stocks #news #today #finance #business

🌍 #Tokenization in financial services : Delivering value and transformation Tokenization lets you digitally represent asset ownership for any tangible or intangible asset — stocks or bonds, cash or cryptocurrency, data sets or loyalty points — on a blockchain. Once your asset is represented by a token, you can quickly and cost-effectively transfer or trade it, use it as collateral and more. Tokenization is already starting to transform how financial services operate. Banks, asset managers, lenders, payment providers and even corporate treasurers and finance departments are tokenizing a broad array of real-world assets, from bank deposits to securities, commodities to documentation. 💡 3 ways tokenization can create value here are many ways to create value through tokenization. But successful companies often find an attractive mix of near-term return on investment (ROI) and long-term capability building in three major ways: 1. Save money and time by conducting internal transfers and transactions 2. Unlock revenue opportunities by making traditionally illiquid assets more liquid.  3. Accelerate completion of complex transactions and enable new types of collateral by connecting on- and off-chain assets. 🚀 #Banks Embracing tokenization - What financial institutions and regulators think ? 1. Some banks have even been building the blockchain technology stack in-house with an eye to further tokenization initiatives, such as collateral settlement, multiparty trade finance, interbank cash settlements and more. 2. Many high-value projects result from collaboration between digital natives offering innovative tech solutions and established financial institutions equipped with capital, scalability, an attractive user experience and rigorous risk management. 🚀 #Regulator Support - Regulators begin to create global frameworks to integrate digital asset technology into the fabric of finance. Regulators’ work is far from complete, and standards still need to be set. But key progress in the regulatory environment includes a focus on separating the technology from the asset, and more widespread recognition of the differences among various types of digital assets. 🎯Bottomline - This growing interest in tokenization can have many motivations: technology is advancing, real-world use cases are multiplying and — crucially — regulators around the world are now showing a deeper understanding and comfort with the process and accompanying security safeguards. Source https://lnkd.in/dhZK7rSk #Blockchain #Technology

Reminder: This is growing exponentially: > 1988: [The Crypto Anarchist Manifesto, Timothy C. May] "The methods are based on public-key encryption, zero-knowledge interactive proof systems, and various software protocols for interaction, authentication, and verification [...] Combined with emerging information markets, crypto anarchy will create a liquid market for any and all material which can be put into words and pictures." > 2017: [History Is Rhyming: Fitness Functions & Comparing Blockchain Tokens To The Web, Simon de la Rouviere] "Blockchain tokens have reduced the cost to tokenize coordination by orders of magnitude [...] We’ve opened the Pandora’s box. We are on the multi-year path to tokenizing almost everything"." > 2021: [European Investment Bank] "EIB issues its first ever digital bond on a public blockchain." > March 2024: [BlackRock BUIDL] "BlackRock launches its first tokenized fund, BUIDL, on the Ethereum Network." > May 2024: [Token Design Thinking Framework – Intro to Web3 and Tokens, Shermin Voshmgir] "Tokenize Everything. Any transferable asset can be tokenized & traded." > July 2024: [SloveniaTimes] "Slovenia becomes the first EU country to issue a digital bond." [TBC]

Tokenization. Regardless of how we feel about blockchain technology, we must live with its consequences. This will be bigger than the internet dotcom bubble. There will be obvious winners once you understand the technology. (I’m not talking about Bitcoin)

Banks like GS, BNY Mellon etc. have started exploring use of blockchain for their capital market operations. In addition, to establishing trust using blockchain, the use case addresses key concerns around settlement & counterparty risks and aids in capital optimisation. Meanwhile, the market continues to explore the digital tokenisation of real assets. #blockchain #innovation #capitalmarkets #goldmansachs #bnymellon #riskmanagement #capitaloptimization #digitalassets #tokenization

The Rise of Tokenized Treasury Products in 2024 🚀 Overview Tokenized treasury products are emerging as a crucial bridge between traditional finance (TradFi) and decentralized finance (DeFi), revolutionizing investment opportunities through blockchain technology. Market Growth 📈 The market for tokenized US treasuries has experienced phenomenal growth. In 2023 alone, the market cap surged by 782%, reaching $931 million. This explosive growth underscores the increasing institutional interest and the adoption of blockchain for more efficient and accessible financial products. Leading Issuers 🏦 Franklin Templeton: A major player in the space, Franklin Templeton has issued $335 million in tokens through its On-Chain US Government Money Fund, commanding a 36.1% market share. Ondo Finance: Known for its innovative yield-bearing stablecoins and tokenized short-term US Treasury bills, Ondo Finance boasts a total value locked (TVL) of $185.7 million. Mountain Protocol: Since September 2023, Mountain Protocol has minted $151 million in Mountain Protocol USD (USDM) tokens, highlighting the rapid adoption of these digital assets. Blockchain Platforms 🌐 Ethereum leads as the primary blockchain platform for tokenized treasuries, holding a 52.9% market share. Stellar is also gaining traction, favored by firms like Franklin Templeton and Wisdomtree Prime for its efficient and scalable infrastructure. Advantages of Tokenized Treasuries 🌟 Accessibility: Tokenized treasuries lower the investment barrier by allowing fractional ownership, enabling retail investors to access markets typically dominated by large institutions. Liquidity: Blockchain technology enhances liquidity with 24/7 trading and near-instant settlement times, a significant improvement over traditional settlement cycles. Transparency and Security: Blockchain's immutable ledger provides real-time transaction tracking and reduces fraud risks, ensuring higher transparency and security. Challenges and Considerations ⚠️ Regulatory Hurdles: The evolving regulatory landscape requires clear guidelines to ensure compliance and protect investors. Technical Integration: Integrating tokenized assets into existing financial systems necessitates robust infrastructure and interoperability between blockchain networks. Tokenized treasury products are not just a trend; they are reshaping the financial landscape, making investment more inclusive, efficient, and transparent. Stay tuned for more exciting developments in this dynamic sector! #Tokenization #Treasuries #Blockchain #DeFi #CryptoFinance #InvestmentInnovation

Global interest in stablecoins has grown steadily, with an increasing adoption of stablecoins by investors. As the name suggests, stablecoins combine the stability of traditional fiat currencies with the benefits of blockchain technology – appealing to both crypto enthusiasts and professional investors alike. One key ingredient for stablecoins to achieve even wider adoption is confidence and security, in the form of a trusted institutional-grade partner. Hence we are pleased to have DBS supporting Paxos’ new chapter in Singapore, as its primary banking partner for cash management and the custody of stablecoin reserves. Secure stablecoins from regulated issuers can serve as a trusted medium of exchange in the digital asset ecosystem. As we continue to explore the potential of stablecoins, we look forward to partnering leading issuers going forward if they meet the regulatory requirements. Read more here: https://lnkd.in/gKYKq-3D #Stablecoins #Blockchain #Fintech