Asset Tokenization | ForkLog

ForkLog 26 15.07.2024

A hundredfold in a century: storing gold on-chain

Gold has long been a haven in any economic weather, shielding investors’ cash from devaluation, inflation and market crashes. Its price rose during the dotcom crisis, amid global turmoil and during the pandemic, gaining 1,000% by 2024, by price. This article surveys the main ways to own gold, explains the value of tokenised precious metals […]

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ForkLog 13 09.07.2024

BlackRock’s RWA Fund Assets Surpass $500 Million

The total assets under management of BlackRock’s tokenized fund, the USD Institutional Digital Liquidity (BUIDL), have exceeded $500 million.

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ForkLog 27 06.07.2024

Bitfinex to Refund Investors in Failed El Salvador Hotel Project

Bitfinex Securities has announced plans to refund all investors involved in the construction of the Hampton by Hilton hotel complex at El Salvador’s international airport, as reported by Cointelegraph. The company failed to secure the minimum required funding of $500,000 to proceed. The project raised only $342,000, which is less than 5.5% of the initially […]

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ForkLog 26 24.06.2024

McKinsey Projects Tokenized Asset Market to Reach $1.9 Trillion by 2030

The volume of tokenized assets is projected to reach $1.9 trillion by 2030, despite a “cold start,” according to McKinsey. In a more optimistic scenario, this figure could double, though analysts have become more skeptical about its likelihood. A pessimistic outlook suggests growth to $0.8 trillion. Source: McKinsey. Experts noted that tokenization has gained “significant […]

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ForkLog 15 17.06.2024

Tether Introduces Gold-Backed Digital Asset in Alloy Series

Tether, the issuer of USDT, has introduced the aUSDT token, backed by Tether Gold (XAUT), as part of its Alloy series of “pegged assets.” According to the press release, aUSDT aims to redefine stability in the digital economy by combining the benefits of a stable unit of account with the security and reliability of gold. […]

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ForkLog 9 04.06.2024

Galaxy Digital Tokenizes 300-Year-Old Stradivarius Violin

Michael Novogratz’s Galaxy Digital announced the tokenization of a Stradivarius violin, crafted in 1708 for Russian Empress Catherine the Great. According to the firm, the musical instrument is owned by Animoca Brands co-founder Yat Siu and is valued at approximately $9 million. Galaxy will store both the tokenized version of the violin as an NFT […]

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ForkLog 31 01.05.2024

Messari Reports RWA Sector Growth to $8 Billion

The total value locked in RWA protocols has reached nearly $8 billion, driven by the market’s preference for high-yield debt investments, according to a report by Messari. Over the past year, RWA protocols have seen a remarkable resurgence, with their TVL soaring to nearly $8 billion, driven by a market preference for debt-based, high-yield investments. […]

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ForkLog 26 24.04.2024

HBAR Token Surges 110% Following Misunderstood BlackRock Fund Tokenization

On April 23, the HBAR Foundation, the developer behind the Hedera blockchain, announced the tokenization of BlackRock’s US Treasury Money Market Fund (MMF). Following the announcement, the HBAR token surged by 110%. Today we witness #RWA history as @BlackRock’s ICS US Treasury money market fund (MMF) is tokenized on @Hedera with @ArchaxEx and @OwneraIO, marking […]

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ForkLog 53 11.04.2024

Bitfinex to Tokenize Hotel Construction in El Salvador

Bitfinex Securities is set to issue tokenized debt for the construction of a Hampton by Hilton hotel complex at El Salvador’s international airport, according to The Block, citing a press release. The initiative is spearheaded by Inversiones Laguardia SA de CV. The token, to be launched on the Bitcoin sidechain Liquid Network under the ticker […]

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ForkLog 11 28.03.2024

BlackRock’s Tokenized Money Fund Attracts $245 Million

The assets under management of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) have grown to $244.8 million, according to Etherscan. The number of token holders has reached seven. BUIDL is backed by U.S. Treasury bills, REPO agreements, and fiat currency. Securitize serves as the tokenization platform, as well as the transfer and listing agent. […]

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ForkLog 7 26.03.2024

Bernstein Evaluates the Prospects of BlackRock’s Tokenized Fund

The launch of BlackRock’s tokenized fund on the Ethereum blockchain is significant, as the asset manager has attracted key partners from TradFi and the crypto sector. This is reported by CoinDesk, citing a Bernstein report. Analysts believe that using a public network instead of private solutions like JPMorgan’s Onyx expands interaction possibilities in the digital […]

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ForkLog 16 20.03.2024

Goldman Sachs Explores Investment in Crypto Bankruptcy Claims

Goldman Sachs is considering “the possibility of investing in claims against bankrupt companies in the cryptocurrency sector and other options,” according to Matthew McDermott, head of the bank’s digital assets department, as reported by The Block. The executive did not specify whether the institution has begun participating in such deals. Following the collapse of several […]

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