Source: The Tokenizer 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. This collaboration aims to enhance State Street’s digital asset services by focusing on the tokenization of traditional assets, with plans to expand into digital asset custody once the… Continue reading State Street Focuses on Tokenization Amid U.S. Regulatory Challenges
Category: Market News
Tokenized RWA Market Hits $10 Billion, Draws Major Institutions
Source: Be In Crypto RWA tokenization market surpasses $10 billion, driven by institutional interest and integration with DeFi. BlackRock, Franklin Templeton, and Grayscale lead in tokenized assets, reflecting TradFi’s move into DeFi. Ondo Finance emerges as a market leader with $536 million TVL, promoting RWA adoption and liquidity. The Real World Assets (RWA) tokenization market… Continue reading Tokenized RWA Market Hits $10 Billion, Draws Major Institutions
Sony Group takes plunge into Web3 with new Ethereum Layer-2 network Soneium
Source: Cryptoslate Sony’s Soneium aims to bridge Web3 and everyday internet services. 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. The layer-2 network—a result of a collaboration with blockchain infrastructure provider Startale—seeks… Continue reading Sony Group takes plunge into Web3 with new Ethereum Layer-2 network Soneium
Metaverse pioneer and special effects team unite for blockchain project
Source: Cointelegraph Wētā Workshop is known for its special effects work on movies like The Lord of the Rings and The Hobbit. 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… Continue reading Metaverse pioneer and special effects team unite for blockchain project
Dubai court recognizes employees’ right to receive salary in digital assets
Source: Coingeek 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. According to the ruling in case number 1739 of 2024, the court held that employees are entitled to receive compensation in both fiat currencies… Continue reading Dubai court recognizes employees’ right to receive salary in digital assets
Nexus Interactive Secures $2M Funding for Web3 Gaming Expansion
Source: NFT Plazas 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. The funds will be directed toward developing new game titles and enhancing Nexus Interactive’s existing ecosystem, which has already seen substantial community engagement and revenue generation. Key… Continue reading Nexus Interactive Secures $2M Funding for Web3 Gaming Expansion
BlackRock’s ETHA Becomes First Ethereum ETF to Cross $1B in Net Inflows
Source: CoinDesk ETHA holds over $860 million in net assets. Only Grayscale’s mini ether trust (ETH) and Ethereum trust (ETHE) have more. Its net inflows are more than the next three highest ETF inflows combined. BlackRock’s iShares Ethereum Trust (ETHA) has surpassed $1 billion in cumulative net inflows, making it the first among 11 issuers… Continue reading BlackRock’s ETHA Becomes First Ethereum ETF to Cross $1B in Net Inflows
Tether plans to launch dirham stablecoin with UAE partners
Source: Cointelegraph 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. Tether, the largest stablecoin provider in the digital asset industry, has announced plans to launch a new stablecoin pegged to the United Arab Emirates dirham (AED). According to… Continue reading Tether plans to launch dirham stablecoin with UAE partners
Sotheby’s Launches New NFT Auction Featuring CryptoPunks, Beeple, and more
Source: Cryptoflies Sotheby’s launches a new digital art auction featuring prominent NFTs like CryptoPunks and Beeple’s “Mother of Evolution.” 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. Among the highlights of the sale are two CryptoPunks, #491… Continue reading Sotheby’s Launches New NFT Auction Featuring CryptoPunks, Beeple, and more
Join this Insightful Panel “BDO and HKSA Joint event – Panel Discussion: Virtual Assets – Business Opportunities and Challenges for Traditional Security Participants” on 1 August 2024
Source: Coinstreet LinkedIn Join us for an insightful panel “BDO and HKSA joint event – Panel discussion: Virtual Assets – Business Opportunities and Challenges for Traditional Security Participants” on 1 August 2024 on the exciting world of virtual assets! As traditional security participants in Hong Kong, you won’t want to miss this opportunity to explore… Continue reading Join this Insightful Panel “BDO and HKSA Joint event – Panel Discussion: Virtual Assets – Business Opportunities and Challenges for Traditional Security Participants” on 1 August 2024
