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Franklin Templeton is on track to launch an altcoin fund to deepen its crypto footprint. While actual tokens has not been unveiled, Shiba Inu and XRP may make the list. Franklin Templeton, a firm managing $1.6 trillion in assets, is considering making investments in altcoins other than Bitcoin (BTC) and Ethereum (ETH). This potential expansion has sparked optimism among market analysts regarding the growth prospects of Shiba Inu (SHIB) and XRP. Franklin Templeton’s Crypto Venture According to an anonymous source…

The post Kenson Investments’ Digital Asset Consultancy Is Streamlined for Newcomers to Start Investing appeared first on Coinpedia Fintech News Through Personalized Guidance and Transparent Strategies, Kenson Investments Equips Newcomers with the Knowledge and Tools Necessary to Secure Their Investments. As the digital asset landscape continues to grow rapidly, Kenson Investments is pleased to announce the launch of its streamlined consultancy services aimed at guiding newcomers into the world of cryptocurrency investments. With recent studies showing a surge in interest…

Singapore, Singapore, June 5th, 2024, Chainwire Go! SmartChain AI, a pioneering force in blockchain technology specializing in real-world asset (RWA) tokenization, engagement services, and digital-to-physical asset integration, has announced its use of Google Cloud’s purpose-built and scalable AI infrastructure to transform how digital and real-life engagements are recognized, rewarded, and tokenized across various sectors. Go! SmartChain AI is renowned for its innovative approach to integrating tokenization with real-world applications, offering solutions that bridge the gap between digital currencies and tangible assets.…

As tokenization takes centre stage, Polkadot is emerging as a leading player, with its unique architecture built around parachains, providing the most interoperable and scalable token platform. Projects like Centrifuge, which has nearly $500 million in financed assets, and Archisinal, which targets the $9 trillion architecture and engineering industry, set the standard. Tokenization has become a cornerstone of the blockchain industry, and with $16 trillion at play over the next decade, an arms race has ensued for supremacy among blockchain…

Austin, Texas / USA, May 29th, 2024, Chainwire Centrifuge, the platform for tokenized real-world assets onchain, today announced Credbull as the latest asset manager to tokenize and launch a private credit fund on Centrifuge. Credbull will be available to investors in the Plume ecosystem. Plume announced an initial allocation of $10M in the private credit fund. The investment comes from Plume’s network of offchain institutional investors. In a time when tokenized treasuries are capturing crypto investor mindshare and wallets, this…

The post FIT21 Act Passes House: A Milestone for US Digital Asset Regulation appeared first on Coinpedia Fintech News The United States House of Representatives passed the Financial Innovation and Technology for the 21st Century Act (FIT21) with substantial bipartisan support. This crucial legislation aims to provide regulatory clarity and consumer protection for the fast-growing digital asset market in the United States. Bipartisan Support for FIT21 FIT21 passes the House 279 – 136 House Democrats voting in favor of this…

The Senate passed a bipartisan vote to overturn the SEC's restrictive rule on custodying digital assets, despite concerns raised by President Biden and the SEC regarding investor protection and market stability. Bipartisan Vote Overturns SEC’s Bulletin In a decisive move, the Senate, with bipartisan backing, has voted to overturn the SEC's Staff Accounting Bulletin (SAB) No. 121, a rule that placed strict limitations on financial institutions regarding custody of digital assets such as Bitcoin. H.J.Res. 109, the resolution aimed at…

Chainlink is spearheading the integration of blockchain technology into the financial sector by enabling programmable token transfers. The technology emphasizes crucial elements like real-world data integration, cross-chain interoperability, and data accessibility across different blockchain networks. Following Chainlink’s Game-Changing Innovation: Programmable Token Transfers Redefine Finance, as previously reported in an earlier CNF update, Chainlink continues to drive new advancements in financial adoption. According to a recent tweet by Chainlink, every tokenized asset requires support for a unified golden record that includes…

In an interview with Yahoo Finance’s “Wealth,” Ric Edelman, founder of the Digital Assets Council of Financial Professionals and $291 billion asset manager Edelman Financial Services, provided a striking forecast for the Bitcoin price. Edelman argued that Bitcoin’s price could surge to $420,000, attributing this potential rise to a modest global asset allocation towards Bitcoin. Why Bitcoin Price Will Reach $420,000 During the interview, Edelman delved into the advantages of investing in Spot Bitcoin ETFs. He noted that these instruments…