Tokenization startup TokenGX has been given regulatory permission to pilot and gather data on a new secondary-market trading platform. The trades would be limited to whitelisted residents of Ontario, and would provide liquidity to investors and firms looking to raise funds through token sales.
Two public pension funds have more than doubled their initial investments into venture capital funds run by investment firm Morgan Creek, raising the firm's total assets under management to more than $100 million. According to the company, the VC funds will be primarily focused on seed investments in equity, including investments in blockchain infrastructure companies like Bitwise and BlockFi.
With the rising interest in digital token offerings, especially STOs, the Bank of Lithuania is creating guidelines in an attempt to mitigate future problems with issuers… The regulations will apply to all tradable assets regardless of the underlying technology, including blockchain. They will also be inline with future EU rules governing STOs...
Fed-nominee Stephen Moore is teaming up with a former Reagan lawyer to launch Frax, a new stablecoin. Frax will not be backed by a U.S. dollar reserve, but will instead be loaned out to collect interest. Moore’s goal is to limit what he calls "the government monopoly of currencies"...
Fidelity has become one of the first established financial institutions to offer digital asset custody services… The $2.8 trillion asset manager’s large client base and network are distinct advantages in a space where similar services are offered by only a few small platforms.
Energy company Ziyen is planning an STO, with the goal of tokenizing the oil sector. Its new subsidiary, ZiyenCoin, will focus entirely on blockchain and Internet of Things technology, with the aim of reducing costs for investors and consumers. The firm is one of only a few oil companies making a similar upgrade, illustrating a strong push in the sector into the blockchain space.
Two former heads of the Commodity Futures Trading Commission are offering up a plan for a government-sanctioned, blockchain-based digital dollar. The proposed USD-backed stablecoin would be used for daily transactions both domestically and abroad...
Fearing a market crash, Brooklyn Nets player Spencer Dinwiddie decided to tokenize his NBA contract (worth more than $30 million). That is, until the NBA blocked the deal. Today, Dinwiddie says he plans to move forward, with or without the NBA’s blessing...
In today’s “0% world,” the chase for yield has folks taking on more risk than ever before... But one unlikely partnership could reshape the future of bond investment as we know it. Cheeseburger and a side of tokens, anyone?
Blockchain Credit Partners has announced its inclusion in a fintech fund focused on accelerating early-stage blockchain startups. The company says it aims to leverage the advantages of blockchain technology to offer tokenized private credit— something the security token space has yet to see.
Blockchain firm Fundament has landed a German investor with $7.35 billion of real estate projects to jumpstart its asset tokenization business. The company is the first firm to receive Germany's approval to issue regulated tokenized real estate-backed bonds.