#tokenization

On October 31, Paxos, a prominent blockchain and tokenization infrastructure provider, launched its new stablecoin, the Global Dollar (USDG), pegged to the U.S. dollar. USDG has been developed under the strict guidelines of the Monetary Authority of Singapore (MAS).

L&G, a London-based company managing $1.5 trillion in assets, is exploring the possibility of tokenizing a portion of its holdings. This initiative places the company alongside other major traditional firms that have entered the real-world asset (RWA) sector, including BlackRock, Franklin Templeton, and Abrdn.

FalconX is accelerating its efforts to expand through acquisitions. The company plans to focus on acquiring top-tier, smaller companies, with a primary interest in tokenization, institutional infrastructure, and data analytics.

The Arbitrum Foundation announced its partnership with Paxos to bring its network to the regulated tokenization platform, making Arbitrum the first Layer-2 blockchain to do so. This collaboration is a key step toward building a network designed for institutional adoption.

Michael Busella and Steve Lee, with storied careers at Goldman Sachs and BlockTower, introduce Neoclassic Capital, an investment company targeting the digital asset landscape. Their strategic focus spans tokenization to gaming and social networks, covering a broad spectrum from emerging startups to established public firms.

The Hong Kong Securities and Futures Commission (SFC) has released a circular outlining the requirements for the potential tokenization of investment products.

Floki, initially a meme coin, is venturing into the DeFi space with its new tokenization platform, TokenFi. The platform aims to tap into the burgeoning real-world asset (RWA) market, allowing users to tokenize assets like real estate and cars.

Digital assets played a large part in the US Treasury's 2024 Q4 report. In the 132-page presentation to the Treasury Borrowing Advisory Committee (TBAC), ​​ the agency introduced different financial aspects, including the rapid growth of stablecoins, tokenization, and their use in the Treasury Market.

On October 18, 2024, Singapore’s DBS Bank introduced DBS Token Services, a cutting-edge blockchain solution designed to enhance traditional banking services and improve the experience for its institutional clients.

A new project brings tokenized whiskey barrels to the Bitcoin blockchain.

During his keynote at the Token2049 conference, Pavel Durov, founder of Telegram, unveiled various blockchain integrations within the messaging app, including built-in NFTs and a new profit-sharing strategy for content creators.

Fintech company Imperium Markets has called on the Australian government to accelerate the tokenization of debt instruments to stay competitive in today’s market. The company has long been working with the government on a pilot project employing distributed ledger technology for tokenization.

JPMorgan CEO Jamie Dimon, in a CNBC interview, made a distinction between cryptocurrencies that facilitate smart contracts (for data transfer and tokenization) and those he considers to have no inherent value.

Hong Kong's Securities and Futures Commission (SFC) has issued guidelines for asset tokenization, addressing the growing market interest.

Euroclear, one of the world's largest securities settlement houses, has launched a digital securities issuance service, settling a €100 million digital World Bank bond.