Tokenization is forcing banks to reimagine finance.

TOKENIZED REAL-WORLD ASSETS.

Weekly tokenized assets insights, read time: 3 minutes.

TOP NEWS:

1. Binance to pay $4.3B to settle U.S. Criminal Case; Changpeng 'CZ' Zhao Resigns as CEO and Pleads Guilty in Seattle. Read the full story here: TokenizedAssets

2. Coinbase launches KYC service natively on the “Base” blockchain, paving the way for “Tokenized Assets”. Find details here: TokenizedAssets

3. Standard Chartered ventures, leaps into Tokenized Assets through the launch of project "Libeara". More details here: TokenizedAssets

4. Archax, TomorrowNext and Ownera Demonstrate Tokenized Access to Money Market Funds.

5. CITI, T. Rowe Price, and Fidelity tested bilateral trades on Avalanche Subnet. Read full story here: TokenizedAssets

   Here how it works:

Insight of the Week:

BOFA believes Tokenization is the way to fix traditional financial tech problems:

TOKENIZATION PLATFORM UPDATES:

1. Taiwan’s landmark security token license issued to Cathay Securities.

2. Korea’s Hana Securities plans security token platform for 2024.

3. Dinari a tokenization platform, expands Its RWA Token Offerings with Five New dShares, Including Coinbase and Berkshire Hathaway.

4. CSpro launches issuance, distribution and investment services for security token offerings in Hong Kong and starts accepting applications from potential security token issuers.

5. Expobank Issues First Tokenized Diamond Offering in Russia.

6. Real-World Asset Tokenization MVP Pre-Launch by OpulenceX in Dubai.

7. NMKR & Tiamonds teamed up to bring you the first-ever tokenized diamonds to Cardano.

MEME OF THE WEEK:

Until next time!

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