Traditional banks are leading the way in Tokenization industry.

TOKENIZED REAL-WORLD ASSETS.

Weekly tokenized assets insights, read time: 3 minutes.

TOP NEWS:

1. BlackRock Files application for Spot Ether ETF, read the full story here: TokenizedAssets

2. Judge Finalizes Dismissal of Lawsuit Against Tether and Bitfinex, Plaintiff Drops Appeal.

3. 𝐇𝐒𝐁𝐂, the largest Europe-based Bank by total assets is launching a 𝐝𝐢𝐠𝐢𝐭𝐚𝐥 𝐚𝐬𝐬𝐞𝐭𝐬 𝐜𝐮𝐬𝐭𝐨𝐝𝐲 service in collaboration with Metaco, subsidiary of Ripple labs.

4. Germany’s fourth-largest bank, Commerzbank, granted crypto custody license.

5. Philippines to sell Tokenized Treasury Bond worth $180 million. Here is a detailed story: TokenizedAssets

6. UBS launches its first live pilot of a tokenized Variable Capital Company (VCC) money market fund on the Ethereum blockchain in Singapore.

TOP STORY OF THE WEEK:

Traditional-finance giants JPMorgan and Apollo successfully worked with Provenance and Avalanche blockchains to demonstrate "proof of concept" for how asset managers could tokenize funds on the blockchain of their choice, according to a press release. Here is the full story: TokenizedAssets

How it works?

CHART OF THE WEEK:

As per Roland Berger, “The tokenization of illiquid assets is estimated to be a US$10T business opportunity by 2030”.

TOKENIZATION PLATFORM UPDATES:

1. Outsyde Inc, a real estate tokenization company acquires Campfire Homes.

2. dNFTs or Dynamic NFTs used by 3Blocks is a best way to handle Real estate tokenization. Similar paper has been proposed by Chianlink. https://blog.chain.link/what-is-tokenized-real-estate/

MEME OF THE WEEK:

Until next time!

p.s. if you want to sign up for the Tokenized Assets newsletter or share it with a friend, you can find us here Subscribe | Tokenized Assets World (beehiiv.com)