#technology

Securitize, a digital asset trading platform, has started tokenizing equity in Spanish real estate investment trust, Mancipi Partners. The tokens will trade on the Avalanche blockchain from September. This marks the first tokenized equity issuance under the European Union’s pilot scheme for distributed ledger technology, supervised by the European Securities Market Authority. Securitize will also undergo a six-month supervision period by Spain’s National Securities Market Commission (CNMV). Securitize's CEO, Carlos Domingo, believes the move will significantly benefit European businesses, providing new avenues for capital raises and potential tax benefits.

US presidential candidate Robert F. Kennedy Jr. disclosed that he invested in Bitcoin earlier this year, buying two BTC for each of his seven children. This move came after facing criticism for promoting the cryptocurrency without having any personal stake in it. Kennedy clarified that he made the investment right after attending a Bitcoin conference where he announced his decision to accept campaign donations in Bitcoin. “Right after that Bitcoin conference, I got a big check, and I said, okay, you know, I’m going to put my money where my mouth is.” During the conference, he denied having any personal investment in the cryptocurrency. However, he later decided to invest in Bitcoin to demonstrate his commitment to the technology and its potential.

Brian Armstrong has publicly urged US residents to actively support the 21st Century Financial Innovation and Technology Bill, which promises to bring much-needed clarity to cryptocurrency regulation. Armstrong emphasized that it is ordinary Americans who can have a decisive impact on the outcome of the vote by sending an email to their representatives asking them to support the bill. In a more detailed statement, Coinbase added that the bill, in addition to protecting consumer rights and enhancing national security, has the potential to spur job creation in the US.

Private banks in South Korea, Hana Bank and Woori Bank, have taken a keen interest in tokenized deposits, commonly known as Deposit Certificates or CDs. CDs offer an alternative rooted in blockchain technology, serving as an equivalent to private stablecoins and Central Bank Digital Currencies (CBDCs). Presently, it's being viewed as a potential substitute for customary notes and deposits without disrupting the existing banking system.

Bobby Dresser, the CEO of Optimism Foundation, announced on GitHub that they have approved proposals from O(1) Labs and RISC Zero for the integration of zero-knowledge proofs. O(1) Labs suggests creating a new solution based on the Kimchi system, currently used in the Mina Protocol project. This move is expected to enhance both the performance and security of cross-chain communication.