Anti-money-laundering controls remain a central concern, he said, describing a need to understand and manage risks before introducing new rules. “We don’t want to create something with a big boom and then with a big collapse,” Valainis said. The government will implement solutions only when it is “1,000% sure” they would be transparent and understandable, […]
Wells Fargo, meanwhile, is already processing cross-border payments using tokenized deposits, with money reaching beneficiary accounts in two minutes or less. “This is in production, by the way, and it’s small volume so far,” CFO Michael Santomassimo said. The bigger opportunity for Wells Fargo may be geographic. Unlike some of its global rivals, the bank […]
“If we’re right that stocks, commodities and other financial assets are moving onchain, then eventually all of the financial products built around those assets should follow them,” the report said. Its analysis highlighted Aerodrome (AERO), a trading platform that could collect fees from tokenized stock transactions, and Maple SYRUP$0.2335, which manages blockchain-based lending products for […]
Six of Canada’s largest banks are exploring a Canadian-dollar tokenized deposit system designed to move money faster between financial institutions and eventually connect with other digital asset initiatives, TD Bank announced Tuesday. Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, Scotiabank and TD Bank Group form the […]
The source also said SEC staff have become increasingly focused on the agency’s legal authority to issue such broad relief, including whether it has completed sufficient economic analysis and followed the procedural steps required to justify an exemption. Industry insiders have been instructed that this effort may need to wait for the outcome of the […]
Tether, best known for issuing USDT, the world’s most widely used stablecoin, is expanding its push into real-world asset tokenization to bring institutional-grade real estate asset onchain in Saudi Arabia. The company said Thursday that its tokenization platform, dubbed Hadron, will provide the technology to issue and manage tokenized real estate assets for institutional investors […]
POSCO International, South Korea’s largest trading company, has begun tokenizing trade receivables on blockchain in a test that could speed up commercial payments between its global subsidiaries. The company, which generated $22.2 billion in revenue last year from businesses spanning steel, energy and battery materials, is working with LG CNS, the technology arm of LG […]
“There is no major negative fundamental catalyst that we can see,” Dorman said. “These kinds of big movements are common after SPACs because the entire investor base turns over from fixed-income-oriented SPAC buyers to new, fundamentally driven long-term equity owners.” SPAC merger tickers are often volatile in their early days of trading. These vehicles raise […]
Traditional securitization markets struggle to package individual servers or computing equipment into investable products, Anderson said. Stablecoins — with more than $300 billion circulating onchain — create a new source of capital for asset-backed lending. “We have the capital onchain to finance this industry,” he said. The same thinking extends to energy. Framework has invested […]
Morgan Stanley is signaling a growing focus on tokenization and blockchain-based infrastructure, framing “onchain” finance as a potential next step in how it serves wealth clients. Speaking during the bank’s first-quarter earnings call, executives described a future where assets and liabilities move more freely across digital rails. “How do you think of a tokenized world? […]
Pharos Network, a layer 1 blockchain focused on tokenized real-world assets, said it raised $44 million in a Series A round led by a mix of traditional finance and crypto investors. Backers include Sumitomo Corporation’s venture arm, SNZ Holding, Chainlink and Flow Traders, along with unnamed financial institutions the firm described as “giants in global […]
Layer-1 blockchain XDC Network’s venture arm said on Wednesday it had acquired Contour Network, a digital platform designed for banks to streamline trade finance with blockchain rails. Contour was originally backed by major banks like HSBC, Citi and Standard Chartered but struggled to scale and was shuttered in late 2023. Under XDC’s ownership, it will […]