Franklin Templeton plans to tokenize a new fund that will leverage the Stellar blockchain to track shares. It won’t involve any cryptocurrencies, but Franklin Templeton plans to create a mobile app to help users with tokenized investments...

Elwood Asset Management—owned by British billionaire and Brevan Howard founder Alan Howard—is planning a $1 billion venture into the crypto hedge fund space. CEO Bin Ren said venture will aim to steer investors toward a selection of vetted crypto funds that have passed robust due diligence so market participants can avoid risks associated with the emerging sector.

Bakkt’s Bitcoin futures are on schedule to launch on September 23, coinciding with a technical pivotal point on BTC’s daily chart. Bakkt, a subsidiary of the Intercontinental Exchange (ICE), was recently granted approval from the U.S. Commodity Futures Trading Commission (CFTC) for crypto-settled Bitcoin futures. These contracts give institutions exposure to Bitcoin while acting as a tool for more sophisticated trading strategies.

As of August 26, the Australian Securities Exchange (ASX) has signed a three-party memorandum of understanding to transition to distributed ledger technology (DLT). The major exchange expects to be utilizing DLT by the spring of 2021. The ASX currently manages AU$2 trillion in registered equities and features an average of AU$5 billion processed each day.

Closed societies may start to take the lead in crypto development. According to Forbes, China has developed a state-backed cryptocurrency known as DC/EP (digital currency/electronic payments) that could be unveiled in November. The responsibility of distributing the cryptocurrency will fall on some of China’s biggest banks. The launch could be scheduled for November 11, the Chinese equivalent of Black Friday.

Gemini, the crypto exchange co-founded by the Winklevoss twins, announced its partnership with payments platform Silvergate Exchange Network. Through the network, Gemini’s institutional clients can transact in U.S. dollars “24 hours a day, seven days a week, and 365 days a year,” according to a statement made August 27.

Securitize recently announced its success in becoming a U.S. Securities and Exchange Commission (SEC) registered transfer agent. The approval enables the firm to legally track the ownership changes of securities, which typically costs around $150 per transfer. Securitize says it’ll do the transfers for free. [Securitize is a firm that enables the issuance and management of digital securities, including the Curzio Equity Owners (CEO) digital asset.]

Ravencoin will be joining Bitcoin and Ethereum among the cryptocurrencies supported by the tZERO cryptocurrency wallet and trading app. The app was launched in June and allows users to buy, sell, and hold crypto assets. Ravencoin is an open source cryptocurrency aiming to enable instant payments, build and support security tokens, gift cards, fiat currency, and more.

The World Bank recently completed the second round of its blockchain-based crowdfunding campaign, securing $33.8 million from a variety of investors. The news showcases the rising involvement of major financial institutions in the space. World Bank funding head Andrea Dore praised the innovative atmosphere surrounding the project… and stressed the importance of creating sustainable development goals in the sector.

Ferraris aren’t just for the ultra-rich anymore… Thanks to blockchain and one trailblazing company, almost anyone will soon be able to own a piece of a “supercar,” or cars that fetch several hundred thousand dollars and up

Over the last 12 months, the security token industry has seen some incredible growth… and it’s not slowing down anytime soon.

With a groundbreaking digital dividend, blockchain trailblazer Overstock.com is driving existing shareholders to its new trading platform… offering individual investors revolutionary opportunities over a blockchain-based systems.