The move by UBS to launch a tokenized fund on Ethereum is like “putting ETH right into the heart of traditional finance,” says one crypto commentator.
Tokenization news
The US Treasury is especially keen on distributed ledger technology (DLT) for payments, settlement and clearing.
The United States Treasury Department is taking an interest in stablecoins and tokenization.
Libeara and FundBridge Capital bring US Treasury investments onchain with the Ultra Fund, boosting blockchain finance.
Turkey’s state-owned boron miner estimates the country has more than 70% of global reserves of borate minerals.
The Bank for International Settlements and the Financial Stability Board have similar views on tokenization — it could provide new benefits and familiar challenges.
BlackRock and Securitize are reportedly in talks to integrate BUIDL as collateral for derivatives trading on Binance, OKX, and Debirit.
The DTCC aims to invite market participants to address pain points and let clients try DTCC products on their own use cases.
Financial markets could drive a significant part of the sector’s growth above $10 trillion, potentially reshaping investing and asset ownership by 2030.
The Brazilian central bank has 13 participants for phase 2 so far, and it is willing to take on an unlimited number.