AUGUST 2024 NEWSLETTER
Tokenized Assets & Digitized Securities Insights |
PayPal’s Stablecoin Hits $1B Market Cap as Incentives Boost Activity on Solana |
The payments company’s stablecoin entry was off to a slow start last year on Ethereum, but its recent expansion to the Solana blockchain and DeFi reward programs reignited the token’s growth. Read more |
HKMA Launches Project Ensemble Sandbox for Asset Tokenization |
Project Ensemble launches, advancing asset tokenization and wCBDC use, signaling Hong Kong’s commitment to modernizing financial transactions. Read more |
Sony Group Takes Plunge Into Web3 With New Ethereum Layer-2 Network Soneium |
Sony Block Solutions Labs, a subsidiary of Sony Group, has unveiled plans to develop Soneium, an Ethereum Layer-2 network designed to accelerate blockchain technology adoption, according to an Aug. 23 statement. Read more |
Tokenized RWA Market Hits $10 Billion, Draws Major Institutions |
The Real World Assets (RWA) tokenization market exceeded $10 billion in valuation, driven by growing institutional interest and a general push to integrate traditional (TradFi) and decentralized finance (DeFi). Read more |
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State Street Focuses on Tokenization Amid U.S. Regulatory Challenges |
State Street Corporation, a major global custody bank overseeing $44.3 trillion in assets, has announced a partnership with Swiss digital asset infrastructure provider Taurus. Read more |
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WEB3 / DIGITAL INDUSTRY TRANSFORMATION |
FBI to Use NFTs to Return Funds Stolen in CluCoin Crypto Fraud Case |
The FBI will use NFTs to help return stolen funds to victims of a crypto fraud scheme involving CluCoin founder Austin Michael Taylor, who pleaded guilty to wire fraud. Read more |
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Dubai Court Recognizes Employees’ Right to Receive Salary in Digital Assets |
Employees in the United Arab Emirates (UAE) can receive salaries in digital assets after a Dubai Court of First Instance overruled a 2023 decision, setting a new legal precedent. Read more |
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Tether Plans to Launch Dirham Stablecoin With UAE Partners |
Tether teams up with the UAE’s Phoenix Group and Green Acorn Investments to launch a dirham-backed stablecoin, which aims to improve international trade and remittances. Read more |
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Argentina Adds Ethereum to Buenos Aires High School Curriculum |
High schools in the city of Buenos Aires will offer blockchain internships to provide hands-on experience to students. Read more |
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Franklin Templeton Goes Big on Blockchain: Tokenized Money Market Fund Hits Avalanche |
This time, they’re expanding their blockchain game by bringing their trailblazing on-chain money market fund to the Avalanche network. Read more |
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BlackRock’s ETHA Becomes First Ethereum ETF to Cross $1B in Net Inflows |
ETHA holds over $860 million in net assets. Only Grayscale’s mini ether trust (ETH) and Ethereum trust (ETHE) have more. Read more |
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Binance Labs Says New AI Investments Will Support Wave of AI-powered DApps |
As artificial intelligence continues to intersect with blockchain technology and digital assets, the venture capital and incubator arm of crypto exchange Binance has placed investments in AI-focused startups. Read more |
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Sotheby’s Launches New NFT Auction Featuring CryptoPunks, Beeple, and More |
British auction house Sotheby’s has announced the launch of its latest digital art sale, featuring popular non-fungible tokens (NFTs) including CryptoPunks and other well-known digital artworks. Read more |
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Metaverse Pioneer and Special Effects Team Unite for Blockchain Project |
The blockchain protocol launched by New York Times best-selling author Neal Stephenson, who conceived the term “metaverse” in a 1992 novel, has collaborated with a special effects firm known for their work on the Lord of the Rings trilogy on blockchain-based endeavor. Read more |
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Nexus Interactive Secures $2M Funding for Web3 Gaming Expansion |
Nexus Interactive has raised $2 million in an oversubscribed seed funding round, marking a significant step in its efforts to expand its web3 gaming operations. Read more |
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CSpro Booth at NovaX Global Investmatch Carnival 2024 on 28-29 August 2024 at Asia World-Expo |
We had an incredible time at the Asia World-Expo on 28-29 August 2024! A huge thank you to everyone who visited our CSpro.io booth in the Blockchain & Fintech showcase area. Read more |
Insightful Panel Discussion on “Virtual Assets – Business Opportunities and Challenges for Traditional Security Participants” Held on 1 August at BDO Office |
Thank you to everyone who joined us on 1 August 2024, for the panel discussion on “Virtual Assets – Business Opportunities and Challenges for Traditional Security Participants” at BDO office. Read more |
Exclusive Webinar “Pioneers in Action: Tokenizing Real-World Assets With Leading Web3 Innovators” Held on July 31 (Wed), 2:00 PM SGT / 8:00 AM CET / July 30 (Tues), 11:00 PM PT |
An incredible webinar, “Pioneers in Action: Tokenizing Real-World Assets with Leading Web3 Innovators” hosted by Taisu Ventures, was held on 31 July 2024 at 2:00 PM HKT/SGT. Read more |
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