⚖️Legal and Regulatory Frameworks
Circle has launched USDC and EURC stablecoins under Europe’s new MiCA (Markets in Crypto-Assets) regulations. With this move, Circle became the first global issuer to receive approval for such stablecoins in Europe, offering USDC and EURC to European customers from July 1, 2024. Source
Societe Generale’s blockchain subsidiary, Societe Generale Forge, received an e-money license from France’s financial regulator ACPR for its EURCV stablecoin. This license allows EURCV to be used as a legal payment instrument in the European market, facilitating the expansion of digital financial products. Source
The Association for Financial Markets in Europe (AFME) published a comprehensive action plan to accelerate the adoption of tokenization in Europe. The plan suggests clarifying regulatory frameworks, developing technology infrastructure, and increasing collaboration among industry stakeholders to make financial markets more efficient, transparent, and accessible. Source
Tokens Based on Precious Metals and Distribution (Source)
Leading real estate developer in the UAE, MAG, partnered with MANTRA to tokenize $500 million worth of real estate assets. Source
Blockchain-based real estate platform Blocksquare partnered with Pieme to tokenize hotel investments. This new initiative aims to make real estate investments more liquid and accessible by allowing investors to invest in hotel properties through digital tokens. The tokenization process provides investors with broader investment opportunities in the real estate market while increasing transaction transparency and security. Source
Indonesia’s first real estate asset tokenization project was launched in collaboration with D3 Labs, Bank Tabungan Negara (BTN), and Reliance Group. This initiative aims to increase the liquidity in the sector by making real estate assets accessible to a wider range of investors through digital tokens. Source
Franklin Templeton and Japan’s leading financial services firm, SBI Holdings, announced a joint venture to develop innovative solutions in the digital asset space. Source
Crypto custody firm Anchorage, in partnership with Cumberland-backed Hashnote, will offer investors various investment return opportunities. Source
Standard Chartered and Animoca Brands are among the five companies participating in the Hong Kong Monetary Authority’s (HKMA) stablecoin sandbox program. The sandbox provides participants with opportunities to innovate and conduct experiments on stablecoin adoption and regulation. Source
Libre, backed by Nomura 🇯🇵 and Brevan Howard 🇬🇧, launched operations. Japan-based Libre offers tokenization services on the Solana network to digitalize financial assets and reach a wider investor audience. Source
BlackRock’s $500 million tokenized fund targets Ethena’s RWA investment plan. Source
Backed and Lisk formed a strategic partnership to promote the adoption of real-world assets (RWA) on blockchain in emerging markets. Source
JP Morgan-backed tokenization platform Ownera, in collaboration with Digital Asset, is joining the Canton Network. Canton Network is a secure and private blockchain network designed for institutional-level digital asset transactions. Source
Private Credit (Source)
Distribution of Tokenized Shares by Networks (Source)
Bitfinex Securities is introducing tokenized bonds on the Liquid Network, a sidechain of Bitcoin, offering a new financial product to the digital asset ecosystem. These bonds allow institutional investors to raise and invest capital more efficiently. Source
Italy’s largest banks issued digital bonds worth 25 million euros on the Polygon blockchain as part of the European Central Bank’s (ECB) digital bond trial. Source
Ondo Finance launched its stablecoin, USDY, on the Noble platform within the Cosmos ecosystem to provide high-quality yields. USDY aims to increase liquidity in the Cosmos network and offers users a wider range of DeFi applications. Source
Coinbase Asset Management plans to launch a tokenized money market fund inspired by the success of BlackRock’s BUIDL fund. Source
Ripple allocated a $10 million fund to support innovations in tokenized U.S. Treasury bonds on the XRP Ledger. Source
Singapore-based investment platform Bake partnered with OpenEden to offer users the opportunity to invest in tokenized U.S. Treasury bonds. Source