Provenance Blockchain Foundation’s Post

The world of finance and asset management is undergoing a transformative shift, driven by the rise of blockchain technology. One platform at the forefront of this revolution is #TON (The Open Network), a blockchain designed to facilitate the seamless tokenization of real-world assets. TON's innovative infrastructure, built on a two-token system, enables the creation and management of digital representations of tangible assets. The native TON Crystal (TON) serves as the network's currency, while Workchain (WCT) fuels the development of decentralized applications and smart contracts. This dual structure ensures a robust ecosystem for tokenization, fostering a vibrant community of developers and users. At the core of TON's capabilities lies its advanced technology. The platform utilizes a Proof-of-Stake consensus mechanism, guaranteeing high transaction speeds and scalability, essential for handling the volume of tokenized assets. Furthermore, TON's architecture is designed to integrate seamlessly with existing systems, allowing for the tokenization of a wide range of assets, from financial instruments to physical goods. Transparency is a fundamental principle of TON. Every transaction is recorded on the blockchain, creating an immutable and auditable record. This fosters trust and accountability, ensuring that all parties involved in tokenized asset transactions have access to verifiable information. Security is equally paramount. TON employs advanced cryptography and robust security protocols to protect against malicious actors, safeguarding both the network and the tokenized assets. TON's integration with existing systems extends to payment methods. Its decentralized nature enables secure and efficient payments, bypassing traditional intermediaries and reducing costs. This streamlined approach enhances the user experience and promotes wider adoption of tokenized assets. The implications of TON's tokenization capabilities are far-reaching. Businesses can leverage the platform to streamline asset management, enhance liquidity, and access new investment opportunities. Individuals can benefit from increased transparency, reduced transaction costs, and greater control over their assets. As the adoption of blockchain technology continues to accelerate, #TON is poised to play a pivotal role in shaping the future of tokenization. Its innovative infrastructure and commitment to transparency, security, and integration are paving the way for a more efficient, secure, and accessible digital economy. @ton_blockchain

🚀🔗 From Crypto Adoption to a Tokenised Future: Exploring Blockchain’s Impact on Asset Management and Traditional Finance 💹📊 This report delves into how blockchain technology and cryptocurrencies are influencing asset management and traditional finance. It covers the adoption trends, potential benefits, and challenges faced by financial institutions as they integrate digital assets into their portfolios. Key Points: 📈 Asset Allocation: 35% of firms allocate 11-20% of their portfolios to crypto, with expectations of increased allocations. 🔗 Blockchain Adoption: 79% of respondents believe blockchain can benefit areas like smart contracts and regulatory compliance. 🏦 Tokenisation Interest: 71% of firms are interested in or are already tokenising hedge funds, with significant interest in fixed-income securities and private equity. 📊 Data-Driven Decisions: 47% of firms incorporate digital asset data analytics into their strategies, with a further 34% planning to do so. 🔒 Security Concerns: 61% cite security as a major challenge in digitising traditional assets, alongside privacy and scalability issues. 🧠 Talent Gap: A lack of skilled professionals in blockchain technology is a significant barrier to broader adoption. 🌍 Regulatory Environment: A maturing regulatory landscape is facilitating increased crypto adoption among institutions. 📜 Transparency and Efficiency: Blockchain’s potential to enhance transparency and streamline operations is widely recognized. 💼 Institutional Adoption: The trend towards mainstream institutional adoption of crypto is likely to continue, driven by regulatory engagement and education. ⚖️ Legal and Compliance: Clear legal frameworks and compliance are crucial for the successful implementation of blockchain-based solutions. Conclusion The digital asset revolution is underway, driven by institutional interest, regulatory frameworks, and blockchain technology. Key benefits include improved transparency, efficiency, and democratized access to traditionally illiquid assets. Challenges remain, such as integrating with legacy systems, talent acquisition, and security concerns. However, the potential for a more efficient and inclusive financial ecosystem is significant.

Deutsche Bank Joins Project Guardian to Explore Asset Tokenization Deutsche Bank has joined the Monetary Authority of Singapore’s (MAS) Project Guardian, participating in the asset and wealth management workstream. This initiative aims to test the feasibility of asset tokenization in regulated financial markets, involving global policymakers like the UK's FCA, Switzerland's FINMA, and Japan's FSA. Deutsche Bank will test an interoperable blockchain platform for tokenized and digital funds, propose protocol standards, and identify best practices as part of the project. This move aligns with the bank’s commitment to advancing digital assets and blockchain technology. Anand Rengarajan, Head of Securities Services for Asia Pacific and the Middle East and Global Head of Sales, stated: “We are committed to being a leader in driving the development and adoption of digital assets in Singapore and Asia Pacific. Contributing to Project Guardian will bolster our efforts to help shape the new frontier of asset servicing, and strongly position us to contribute to industry progress, and not only anticipate our clients’ needs but exceed their expectations." Mike Clarke, Global Head of Securities Services Product Management, emphasized the importance of collaboration with leading fintechs and digital natives to develop advanced asset servicing products. Source: https://lnkd.in/d-ZjaM2g

Why is Blackrock launching its own L2 rollup? BlackRock, the world's largest asset manager, is reportedly considering launching its own blockchain, similar to Coinbase's Layer-2 network, Base. This potential move is driven by several strategic motives: 1. Optimizing Asset Management: With $10 trillion in assets under management (AUM), BlackRock could benefit from a blockchain platform that consolidates recordkeeping across various asset classes into a single, interoperable, and transparent ledger. This would enhance operational efficiency and reduce costs. 2. Embracing Blockchain Technology: BlackRock recognizes the potential of blockchain technology to transform capital markets by offering round-the-clock operations, improved transparency, lower fees, and faster settlement times. By launching its own blockchain, BlackRock could leverage these advantages to improve its financial products and services. 3. Expanding Digital Asset Offerings: The company has already made significant strides in the digital asset space, such as launching its first tokenized fund on the Ethereum blockchain and applying to list a spot Bitcoin ETF. These initiatives indicate BlackRock's commitment to integrating blockchain technology into its operations and expanding access to digital assets for its clients. 4. Positioning as a Leader in Digital Assets: By potentially launching its own blockchain, BlackRock could position itself as a leader in the digital asset management space, further bridging the gap between traditional finance and emerging blockchain technologies. To put it simply: It's all about control and profit. BlackRock aims to strengthen its position in the world of digital finance by creating its own infrastructure. This will allow them to: 1. Control processes: manage transactions and data according to their own rules. 2. Increase profits: reduce costs and create new sources of income in the rapidly growing digital asset sector. What do you think about traditional investment giants deploying L2 solutions?

Excited to share the news about Web3intelligence.com in Forbes about their bringing new data science tooling to retail consumers leveraging the blockchain - an aim to democratize financial decision making. In my new story, "Cortex AG Leverages AI To Deliver Retail Digital Asset Management," I explain the new work by Karim Chaib, CEO of Web3Intelligence.com. Originally launched in 2015 as a pricing app under the name xDLT, Cortex AG has since expanded its vision to democratize access to sophisticated enterprise AI and blockchain tools for retail consumers. The growing cost of living and pace of technological change has made it difficult for the average worker to compete and thrive. The Web3Intelligence platform provides users with institutional-grade and actionable data analysis. Crucially, they leverage the blockchain with a native token to anti-money laundering (AML), which has been rare within the traditional DeFi community. "This NFT is integrated into decentralized exchange (DEX) smart contracts, facilitating seamless and secure compliance checks," said Chaib. Moreover, the application of NFTs extends into the realm of the attention economy, with Cortex AG pioneering their use to engage users and monetize attention innovatively. Chaib noted the potential of these developments: "At the end of the day, the entire crypto space is on the precipice of a major shift in the way we think about what to do with digital assets." Beyond traditional financial services, Cortex AG’s platform, Dopamine, aims to simplify users' entry into the web3 ecosystem, enhancing the user experience through predictive AI that analyzes market sentiment. “Predictive AI is revolutionizing cryptocurrency investing by enabling the analysis of market sentiment, a crucial factor in decision-making," Chaib explained. Looking forward, Cortex AG also wants to expand the set of financial products through AI-driven Digital Asset ETFs. These ETFs, crafted through proprietary AI models, aim to offer dynamic, data-driven asset management, providing a significant bridge for traditional investors into the digital economy. The key is an intuitive and useful UI/UX throughout the process. #DigitalAssets #BlockchainTechnology #FinTech https://lnkd.in/eH8mvQg6

New Post: Crypto Fund Administration vs Traditional: Key Differences https://buff.ly/42ucMOn Explore the key differences between crypto and traditional fund administration, including operations, compliance, and technology. Crypto fund administration and traditional fund administration differ in three main areas: operations, compliance, and technology. Here’s a quick breakdown: - Operations: Crypto funds use decentralized systems and blockchain for real-time tracking and faster settlements. Traditional funds rely on centralized systems with slower, manual processes. - Compliance: Crypto funds face evolving regulations and use blockchain-based tools for AML/KYC. Traditional funds operate within established, stable frameworks. - Technology: Crypto funds leverage blockchain, smart contracts, and advanced tools for automation and security. Traditional funds depend on legacy systems and manual reconciliation. Quick Comparison Aspect Crypto Fund Administration Traditional Fund Administration System Architecture Decentralized via blockchain Centralized legacy systems Settlement Speed Near-instantaneous Multi-day cycles Asset Valuation Real-time, 24/7 Periodic during market hours AML/KYC Process Automated blockchain tools Manual verification Operational Costs Lower due to automation Higher due to manual processes Compliance Framework Evolving, requires frequent updates Stable and established Understanding these differences can help fund managers and investors choose the best approach based on their goals, asset type, and compliance needs. Differences in Operations 1. Decentralized vs. Centralized Systems Crypto fund administration relies on decentralized systems, cutting out intermediaries and enabling quicker, automated transactions through smart contracts. On the other hand, traditional funds depend on intermediaries, which leads to slower processing times and more manual involvement [1] (https://buff.ly/42axR03). For example, Theorem-Securitize (https://buff.ly/3PvejMn) showcases how decentralized tools can simplify fund operations by automating tasks that would typically require intermediaries [4] (https://buff.ly/42i8GbE). However, while decentralization speeds things up, managing digital assets comes with its own unique challenges. 2. Managing Complex Assets Handling digital assets introduces operational hurdles distinct from those in traditional fund administration. These differences can be seen in three main areas: Aspect Crypto Fund Administration Traditional Fund Administration Asset Valuation Real-time, 24/7 market tracking Periodic valuations during market hours Price Volatility Adapts to high volatility across many exchanges Deals with relatively stable pri…

Utila Now Supports injective Unlock new dimensions in digital asset management with Utila's integration of Injective, the blockchain designed for finance. Injective is renowned for its plug-and-play infrastructure, enabling rapid deployment of sophisticated functionalities, including decentralized trading, lending, real-world assets (RWAs), and more. Thanks to its exceptional speed, scalability, and interoperability, Injective has fostered a vibrant ecosystem of dApps, revolutionizing the future of finance. What This Means for You: 💸 Seamless Injective Transfers: Effortlessly transfer funds between your Injective wallets directly through Utila. 📊 Unified View of INJ & IBC Tokens: Enjoy full transparency with complete visibility of your balances on Injective, including INJ and IBC tokens. 🦾 Robust Governance: Utilize Utila’s flexible and hyper-secure governance framework within your Injective workflows. ♻️ Automated Workflows: Streamline your processes with Utila's programmatic API and webhook access, automating Injective transfers, balance checks, and real-time notifications for incoming transactions. ⛓️ Simplified Exchange Integration: Deposit and withdraw $INJ seamlessly from your exchange accounts within the Utila console for a smooth, frictionless experience.

Announcing the Coinbase 50 Index (COIN50), the global benchmark for digital assets developed in partnership with Market Vector Indexes and Coinbase Asset Management. COIN50 represents the top 50 eligible digital assets that meet the index’s fundamental criteria, empowering investors to use COIN50 as a benchmark to compare their portfolio performance to the broader crypto economy. The index methodology builds on Coinbase Asset Management's three years of index building experience and scrutinizes eligible assets based on criteria such as token economics, blockchain architecture, and security. Additionally, every asset in the index is listed and accessible on Coinbase Exchange, which meets a rigorous vetting process that evaluates assets against legal, compliance, and security standards.  Today, eligible institutional users will be able to trade the Coinbase 50 Index via a COIN50 perpetual futures contract (COIN50-PERP) on Coinbase International Exchange, while eligible retail users can trade it on Coinbase Advanced. This contract will only be available to users in eligible jurisdictions outside the US, UK, and Canada. As the most trusted and only publicly-listed crypto exchange, Coinbase is uniquely positioned to offer an index that investors globally can rely on for transparent exposure to the crypto market. Learn more about COIN50 here: https://lnkd.in/excnJncS Read the full press release here: https://lnkd.in/evwwhmew.