JUNE 2024 NEWSLETTER
Tokenized Assets & Digitized Securities Insights |
First Web3 Integrations With Blackrock And The RWA Trend |
The Real-World Asset (RWA) trend has emerged as a significant sector in the financial industry, blending traditional finance with blockchain technology, peaking in 2024. Read more |
European Central Bank Releases First CBDC Progress Update |
The ECB promised pseudonymization and independent audits of the CBDC system to calm consumer fears of tracking. Read more |
IBM Research Unveils Cost-Effective AI Inferencing With Speculative Decoding |
IBM Research has developed a speculative decoding technique combined with paged attention to significantly enhance the cost performance of large language model (LLM) inferencing. Read more |
Tokenized Assets To Reach $2 Trillion Market Size By 2030, McKinsey Predicts |
Tokenized financial assets are poised to achieve a market size of approximately $2 trillion by 2030, according to analysts at consulting firm McKinsey & Company. Read more |
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Tether Debuts New ‘Synthetic’ Dollar Backed By Tokenized Gold In Tokenization Push |
Users can mint new tokens using the company’s new Alloy platform, which will be part of Tether’s upcoming tokenization venture, CEO Paolo Ardoino said. Read more |
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Mt. Gox To Distribute Repayments In Bitcoin And Bitcoin Cash In July |
Mt. Gox, the Japanese Bitcoin exchange that suffered a notorious collapse in 2014, is to begin distributing repayments to its creditors in the form of Bitcoin and Bitcoin Cash starting in July. Read more |
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Binance Announces Tether Integration On Toncoin Network |
Binance, one of the world’s leading cryptocurrency exchanges, announced it has integrated Tether (USDT) on the Toncoin Network. Read more |
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Deutsche Bank And Northern Trust Launch Whitepaper To Explore The Road To Institutional DeFi |
Deutsche Bank and Northern Trust have collaborated to produce an industry whitepaper “The road to institutional DeFi”. Read more |
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MetaMask Launches Pooled Staking For Ethereum, Excluding US And UK Users |
MetaMask has rolled out a pooled staking service, enabling ether holders to stake any amount with validators operated by its developer, Consensys. Read more |
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Hong Kong’s Top Finance Official Touts Flexible Crypto ETF Features Amid Web3 Push |
Christopher Hui, Secretary for Financial Services and the Treasury, said that the in-kind subscription and redemption feature of the city’s six spot crypto exchange-traded funds gives investors more flexibility. Read more |
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Fidelity International Tokenizes Money Market Fund On JPMorgan’s Blockchain |
The U.K. firm joined JPMorgan’s Tokenized Collateral Network (TCN), piloting the tokenization of its own money market fund with Onyx Digital Assets. Read more |
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WEB3 / DIGITAL INDUSTRY TRANSFORMATION |
New Law Grants US President Power To Block Digital Asset Access |
A new U.S. law grants the president unprecedented authority to block access to digital assets, sparking significant concerns about its broad implications and potential impact on users. Read more |
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Web3 Watch: Ronaldo Re-Ups Binance NFTs Despite Lawsuit |
Soccer megastar Cristiano Ronaldo released another set of NFTs on Binance this week, marking his fourth collection since partnering with Binance in mid-2022. Read more |
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Nvidia Signs Deal To Use Its AI Across The Middle East |
Nvidia has signed a deal to deploy its artificial intelligence technology at data centres owned by Qatari telecoms group Ooredoo in five Middle Eastern countries, said Ooredoo’s CEO. Read more |
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Japan Telecoms Giant Creates AI Filter That Calms Angry Customer Voices In Call Centres |
Survey shows nearly half of staff harassed, get abusive language, threats, SoftBank works with Tokyo University, starts using technology next year. Read more |
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Developing Market Insights: Highlights From Coinstreet’s Workshop With Taisu Ventures |
On May 17, 2024, Coinstreet convened a private workshop in Central, Hong Kong, assembling key leaders and experts across various sectors to delve into the rapidly evolving landscape of Web3 technologies and the current market environment. Read more |
Information Session On The Certified Digital Asset Consultant Program (CDAC) At Sun Life Office On 11 June 2024 |
On 11 June 2024, an exclusive information session on the Certified Digital Asset Consultant Program (CDAC) was held at the Sun Life office. This session was organized by the Asia Pacific Digital Economy Institute (APDEI). 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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