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Tokenization offers huge cost savings to Fund managers.
Fund managers like to save through Tokenization.
Siddu Kadi
November 30, 2023
TOKENIZED REAL-WORLD ASSETS.
Weekly tokenized assets insights, read time: 3 minutes.
TOP NEWS:
Philippines makes historic move With $270 million maiden Tokenized Bond Sale. Read the full story here: TokenizedAssets
Hong Kong’s Victory Securities to offer Digital Asset Services in Retail Markets. Here are the details: TokenizedAssets
Japan’s Okasan Securities to issue Tokenized bonds to retail investors. More details here: TokenizedAssets
Canton of Zurich issues Tokenized bonds settled with wholesale CBDC.
Securitize has announced the acquisition of Onramp Invest, a digital asset wealth platform. Read a full story: https://securitize.io/learn/securitize-acquires-onramp-invest
CHART OF THE WEEK:
US Treasury Debt is now sitting at $33.9 Trillion and Interest payments are ballooned to 25% of the total cash inflows.
TOKENIZATION PLATFORM UPDATES:
Blocksquare total value of real estate assets has reached 75M and spread across 19 countries.
Web3foundation will deploy part of its treasury into real-world assets on Centrifuge, beginning with an investment in tokenized US treasuries.
HiYield will start with US Treasury Bills, and will expand to other investment options, including government & corporate bonds, asset-backed securities, & private credit deals.
Backed Finance integrates Chainlink Proof of Reserve displaying collateralization levels of its on-chain ETFs, stocks, and fund products.
FAAAAKE NEWS OF THE WEEK:
MEME OF THE WEEK:
Until next time!
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