MAY 2024 NEWSLETTER
Tokenized Assets & Digitized Securities Insights |
EU Commission urged to prepare for blockchain and AI integration |
Decentralized AI networks, enhancement of smart contracts and emerging DeFi protocols are some of the upcoming trends in blockchain, according to EUBOF. Read more |
HKMA’s New Guidelines Aim to Equip Bank Employees for AI Transformation |
In response to the rapid integration of Artificial Intelligence (AI) in banking, the Hong Kong Monetary Authority (HKMA) announced updated guidelines focused on manpower development and training in the banking sector. Read more |
SEC approves rule change to allow creation of ether ETFs |
The SEC has approved a rule change Thursday that would pave the way for ETFs that buy and hold ether, one of the world’s largest cryptocurrencies. Read more |
U.S. Credit Unions Adopt Tokenization of Real World Assets |
Traditional banks may still dominate the financial industry in terms of assets held, but credit unions are becoming an increasingly popular option for Americans who qualify. Read more |
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Daiwa Securities demos countering hacking risks of public blockchain security tokens |
In November we reported that Daiwa Securities, Japan’s largest security token underwriter, planned to trial digital securities on public blockchains. Read more |
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U.S. House Approves Crypto FIT21 Bill With Wave of Democratic Support |
The House’s passage of the digital assets legislation passes the crypto baton to the Senate, where odds remain low for decisive action. Read more |
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Defi giant Retik Finance (RETIK) starts trading on Uniswap and multiple exchanges |
Retik Finance (RETIK) offers innovative solutions in the DeFi space, including crypto cards, payment gateway, P2P lending, and a secure wallet. Read more |
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Venture capital funding in crypto rises to $2.4 billion: PitchBook |
Funding was spread across 518 deals and rose by 40.3% from the previous quarter, according to data firm PitchBook. Read more |
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Polkadot community greenlights continuous funding for ecosystem innovators |
Polkadot’s model mirrors Ethereum layer-2 Optimism’s Retroactive public goods funding (RetroPGF) mechanism. Read more |
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WEB3 / DIGITAL INDUSTRY TRANSFORMATION |
Web3 Watch: Reebok jumps into digital wearable game |
If you’ve been pining for the opportunity to have your favorite photos replicated onto a digital Reebok sneaker, you are in luck. Read more |
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Mastercard launches ‘next generation’ of blockchain payments startup program |
The program has added five startups and will trial various payment technologies ranging from blockchain to Web3. Read more |
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Elon Musk’s xAI raises US$6 billion from investors including Sequoia, Andreessen Horowitz to challenge OpenAI |
Elon Musk’s artificial intelligence (AI) start-up xAI has raised US$6 billion to accelerate its challenge to his former allies at OpenAI. Read more |
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NFT as the new Swiss bank accounts for the Web3 era |
This Swiss fintech aims to modernize banking infrastructure by using Web3 technology: ERC-721 NFTs for client IDs and ERC-20 tokens for deposits. Read more |
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XECO and CS-PRO Announce the First Green Security Token Offering (G-STO) for New Energy Vehicles Charging Network in Hong Kong |
AX Xeco Limited (XECO), a New Energy Vehicles (NEV) solution provider based in Hong Kong, and CSpro (Hong Kong) Limited (CS-PRO), a corporation licensed by the Securities and Futures Commission to carry out Type 1 regulated activities (dealing in securities) and the first primary issuance and distribution platform in Hong Kong specializing exclusively in security token offering (STO), proudly announced the collaboration to launch one of the world’s first green security token offering (G-STO) for the NEV sector. Read more |
HKiENDA Annual Conference 2024: Panel Discussion “Regulation of Virtual Assets and Digital Assets: Striking a Balance between Innovation and Investor Protection” on 20 May 2024 |
The HKiENDA Annual Conference 2024 hosted by HKiNEDA 香港獨立非執行董事協會 featured a thought-provoking panel discussion “Regulation of Virtual Assets and Digital Assets: Striking a Balance between Innovation and Investor Protection” on 20 May 2024. Read more |
Taisu Ventures Announces Investment and Strategic Advisory Role in CSpro to Drive Innovation and Adoption for Tokenization of Real World Assets (RWA) through Security Token Offering (STO) |
Taisu Ventures, a leading Web3 venture capital firm dedicated to driving innovation in the blockchain space, is pleased to announce an investment and a strategic advisory role in CSpro Global Holding Limited, a core business arm under Coinstreet Group specializing in global Real World Asset (RWA) tokenization market opportunities, primary market brokerage and distribution of Security Tokens to professional investors. Read more |
The Web3 Elites Club’s event (Session 5): “STO/RWA Business Prospects: Help More Enterprises go to Web3 World” and iSHANG Sharing Session on 24 May 2024 |
The Web3 Elites Club’s event (Session 5) was a resounding success! On 24 May 2024, industry leaders gathered at the China Hong Kong Finance Elites Centre for insightful speeches and discussions. Read more |
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