The Saudi Central Bank warned in 2019 that Bitcoin is “not recognized by legal entities” but hasn’t made many statements on crypto since.
Securitize issues tokenized assets in Spain, plans September trading start
The U.S.-based trading platform is set to become the first to issue and trade tokenized assets in both the U.S. and the EU, and will operate under the new DLT pilot regime.
Bank of Italy innovation hub supports research into security tokens on secondary markets
The Italian central bank’s Milano Hub has selected a project headed by Cetif Advisory and Polygon Labs in its second round of proposals.
Avalanche Foundation allocates $50M investment to on-chain asset token purchases
Called “Avalanche Vista,” the initiative will consider investing in any asset that can be tokenized.
Solana’s Parrot Protocol submits proposal to go tokenless, investors risk face -89% returns
The proposal calls for the redemption of PRT tokens for liquid treasury value, and the transition to a no-token protocol. Community members referred to the move as a “financial crime”.
Manta Network Developer Raises $25M in Series A, launches layer 2 for ZK apps
The raised funds will be utilized to expand the network, attract more users and explore diverse use cases for Manta Pacific.
Manta Network Developer Raises $25M in Series A, launches layer 2 for ZK apps
The raised funds will be utilized to expand the network, attract more users and explore diverse use cases for Manta Pacific.
Enterprise blockchain: ‘Ethereum for Business’ explains key use cases
Paul Brody’s “Ethereum for Business” gives a basic overview of enterprise Ethereum, while providing real-world use cases of how EY clients leverage the technology.
A new age in investing: The transformative power of asset tokenization
From real estate to franchising, and from renewable energy to Hollywood, tokenization has the potential to transform the way we do business.
Polygon proposes upgrading MATIC into a multipurpose token for all chains
The proposal for MATIC’s technical upgrade is subject to approval from the Polygon community. Once approved, MATIC’s upgrade to a multipurpose token will result in its renaming to POL.
Bank of China trials offline payments for digital yuan via SIM cards
The bank plans to enable users to make phone payments by integrating its digital yuan app with specialized “super SIM cards” with near-field communication capabilities.
Connext founder proposes ‘Sovereign Bridged Token’ standard after Multichain incident
EIP-7281 will allow token issuers to list official bridges and limit the rate at which they can mint tokens, potentially limiting losses from bridge hacks.
XRP grows strong in Q2 despite SEC lawsuit concerns, Messari report
The XRPL saw a significant increase in the total new address count, which reached 138,790, representing a growth of 31.8% compared to the same period last year.
Ripple Labs to revolutionize real estate industry through tokenization
This innovative pilot program aims to enable users to tokenize real estate assets and utilize them as collateral for loans, leveraging Ripple’s CBDC platform.
Gaining speed on tokenization is vital for UK’s financial future, banking group warns
UK Finance says it’s not too late for the United Kingdom to make up for other jurisdictions’ faster start to securities tokenization, and the country better do it if it wants to remain a global financial leader.
Binance halts support for deposits and withdrawals of some Multichain-bridged tokens
The decision impacts users utilizing bridged tokens on networks such as BNB Smart Chain, Fantom, Ethereum and Avalanche.
Japanese Crypto Issuers Won’t Pay Taxes on Unrealized Gains, Govt. Clarifies
Token issuers in the country were subject to a 30% corporate tax for unrealized gains on their own tokens.
Token issuers in Japan exempt from 30% crypto tax on paper gains
Japan’s National Tax Agency published a partial revision of its corporate tax guidelines, implementing new tax rules for token issuers.
Terra Allies’ Six Samurai team aims to revive the ecosystem
The Terra Allies senior full stack engineering team, known as the Six Samurai, has presented their Q3 spend proposal, emphasizing their deep passion as Luna Classic holders.
Tokenized FTX claim is used as collateral for a loan
A creditor of now-bankrupted crypto exchange FTX pledged a $31,307 claim as collateral for a DeFi loan.