Tokenization

Ripple exec stresses the approach of Ripple and the essential function of tokenization in future payments. At $0.5007 right now, XRP is expected to increase to $3. Head of payments marketing Oliver Segovia recently shared his predictions for the future of transactions on social media. Segovia said, in a provocative statement, “Tokens are the basis of everything. We all use tokens for transactions.” This succinct statement might provide some insight into how Ripple plans to develop its business model and…

[PRESS RELEASE – Dubai, UAE, May 3rd, 2024] Blockchain Sports, an international sports project, leverages cutting-edge technologies including IoT, AI, VR, and blockchain to innovate the global football industry. The initiative was introduced at a significant event at the Coca-Cola Arena in Dubai, drawing an audience of over 5000 attendees. The project has garnered the support of renowned football veterans such as Kevin Kuranyi, Zico, Romario, David Trezeguet, Wesley Sneijder, and Marco Materazzi, who serve as ambassadors and curators, enhancing…

Hedera Network, along with Archax and Ownera, has facilitated the tokenization of BlackRock’s ICS US Treasury Fund, albeit without direct involvement from BlackRock. Despite a significant market response, clarity was restored after BlackRock confirmed its lack of direct participation, impacting Hedera’s (HBAR) cryptocurrency prices. A spokesperson from BlackRock has clarified, as reported by PANews via Binance News, that BlackRock did not play a direct role in the decision made by Archax and Ownera to tokenize BlackRock’s ICS Treasury Fund using…

Franklin Templeton has tokenized $380 million in U.S. Treasuries, facilitating P2P transactions on the Polygon and Stellar blockchains. This initiative introduces BENJI tokens, each representing a share in the newly created Franklin OnChain US Government Money Fund (FOBXX). Building on its pioneering legacy, as confirmed by a PANews report on April 26th, Franklin Templeton has taken a significant step forward by tokenizing the Franklin OnChain US Government Money Fund (FOBXX) worth $380 million on the Polygon and Stellar blockchains. Echoing…

The Hedera Foundation announced the tokenization of BlackRock’s ICS US Treasury Money Market Fund on the Hedera network. Archax and Ownera decided to tokenize the fund shares they held, clarifying BlackRock’s non-affiliation with Hedera. BlackRock has clarified the confusion surrounding the announcement involving the Hedera Foundation. On April 24th, BeInCrypto reported a price surge of over 100% for HBAR following news of an innovative partnership with BlackRock. Facilitated by @ArchaxEx, shares of @BlackRock’s ICS US Treasury money market fund are…

Regulated digital asset exchange Archax seeks to revolutionize institutional investors’ engagement with digital assets by partnering with Hedera Hashgraph. Leveraging Hedera’s bank-grade security and performance, Archax thus aims to provide a trusted platform for trading and custody of digital assets. UK-based regulated global digital asset exchange Archax is currently gearing up for a transformative regulated global digital asset exchange. The exchange seeks to change the way how institutional investors engage with digital assets. As a result of this, Archax has…

Abbrdn, a $600 billion investment giant, has tokenised its USD, EUR and GBP money market funds in partnership with Archax exchange, all on the Hedera blockchain network. The UK firm says tokenisation is the future of asset management, citing benefits such as asset fractionalisation, instant transfer and settlement and portfolio flexibility. Abrdn, a global asset manager based in Edinburgh, is backing tokenisation as the future of asset management. This week, it announced that three of its market funds are now…

The crypto market has witnessed explosive growth in recent months, especially within the realm of real-world assets (RWAs). In essence, RWAs refer to tokenized forms of traditional assets like real estate, private equity, debt securities, and more that are backed by their real-world counterparts. By bridging these traditional investment vehicles onto the blockchain, RWAs unlock liquidity and fractional ownership in a way that was previously unfeasible. According to experts, the total value of this nascent asset class is projected to…

The introduction of Real World Assets (RWA) tokenization by BlackRock signifies a transformative approach wherein assets ranging from bonds to real estate are converted into blockchain-based digital tokens. This initiative promises enhanced liquidity, transparency in ownership, and broadened access to previously inaccessible investment opportunities. In a groundbreaking move towards digital transformation, BlackRock, the world’s largest asset manager renowned for its Bitcoin ETF launch earlier this year, has unveiled plans to tokenize a sizeable portion of its assets under management, in…