New York, Thursday, February 29, 2024 – Global leader in wealth management, Citi announced on February 14, 2024, the completion of the proof-of-concept on tokenization of private funds in collaboration with Wellington Management and WisdomTree. The proof-of-concept was carried out by the Avalanche Spruce. It was identified that smart contract capabilities could facilitate buy and […]
FRANKFURT, Germany Thursday, June 6, 2024 – Deutsche Bank, the German banking giant, is exploring the potential of blockchain technology to streamline record-keeping for tokenized funds. The bank is testing a platform built on the Ethereum network, according to a recent report. The new strategic movement would be guided by the Guardian Project initiated by […]
London, November 21, 2023- HSBC has announced that it will be launching storage services for tokenized securities. The service will be offered to institutional clients and will be available in 2024. The service will be provided in partnership with Metaco, a Swiss digital asset custody firm. HSBC is the latest major bank to enter the […]
London, November 28, 2023- In a landmark move, the International Monetary Fund (IMF), the World Bank, and the Bank for International Settlements (BIS) have announced a collaboration to explore the potential of tokenization in streamlining and enhancing their operations. This marks the first time these three cornerstone institutions have joined forces to venture into the […]
George Town, Cayman Islands, Monday, February 26, 2024 – Leading banks have already started tokenizing real-world assets (RWAs), Niki Ariyasinghe, Head of Business Development for Asia-Pacific and the Middle East at Chainlink Labs, said at a recent event: This marks a significant shift from theoretical exploration to full-scale adoption, potentially unlocking a trillion-dollar treasure trove […]
Introduction The tokenization of markets is an innovative topic to be discussed. As we know, tokenization provides the following benefits: liquidity, reduced costs, transaction speed, and transparency. Tokenization is the process of converting a person’s rights to an asset into many digital tokens on a blockchain. A blockchain, in simple terms, is a public ledger […]
Catenaa, Wednesday, November 20, 2024 – The UK government has announced a pilot program to issue Digital Gilt Instruments (DIGIT) leveraging distributed ledger technology (DLT). Chancellor of the Exchequer Rachel Reeves introduced the initiative during her Mansion House speech, calling it a step toward modernizing the country’s financial markets as part of the Financial Services […]