UK moves toward efficient asset management with fund tokenization
The UK’s Treasury Technology Working Group recently released a report detailing the use and benefits of fund tokenization within the asset management sector. This document, the second from the group formed in April 2023, focuses on how tokenization can be applied, particularly in the realms of money market funds and onchain investment markets. Exploring Tokenization […]
Dubai’s Financial center launches the World’s first digital assets law
Dubai International Financial Center (DIFC), a financial center based out of UAE, has launched the world’s first digital assets law to cater for the consequences of the new digital assets regime and revised security regime. As per the press release, the legislative enactments aim to ensure DIFC Laws keep pace with the rapid developments in […]
Dubai’s virtual asset regulatory authority to onboard the Financial sector
In a recent interview with the CEO of Dubai’s virtual asset regulatory authority, Mathew White, he discusses the need to bring the UAE Banking sector and financial institutions onboard the virtual assets ecosystem. This would include the banking sector and their role in servicing virtual asset service providers as well as institutional players who either […]
Ripple and Zoniqx team up for XRPL multi-asset tokenization
RippleX, the development branch of Ripple, has formed a strategic partnership with Zoniqx, a Silicon Valley-based tokenization firm. This collaboration aims to bring multi-asset tokenization to the XRP Ledger (XRPL), marking a pivotal step towards transforming the XRPL into a hub for real-world asset (RWA) tokenization. The announcement was made public through a press release […]
Asset tokenization set to become a multi-trillion dollar market
In recent years, a remarkable transformation has been taking place in the world of finance and technology. Governments, regulatory bodies, and financial institutions are increasingly recognizing the potential of blockchain technology and its application in the form of asset tokenization. As we approach the year 2024, this paradigm shift is gaining momentum, with real-world assets […]
Standard Chartered’s SC Ventures debuts tokenization
In a pioneering move within the financial sector, SC Ventures, the innovative fintech investment and venture arm of Standard Chartered, has stepped into the future of finance with the launch of their new tokenization platform, Libeara. This groundbreaking platform is set to revolutionize the investment landscape by introducing a tokenized Singapore dollar government bond fund […]
DLA Piper’s TOKO receives crypto broker license from Dubai’s VARA regulatory authority
TOKO FZE has received a full operating license from Dubai’s Virtual Asset Regulatory Authority (VARA), allowing the entity to undertake Virtual Asset Broker Dealer and Exchange services as a full market offering in and from the Emirate of Dubai. As a Web3 FinTech born out of a leading Tier 1 multinational law firm DLA Piper, TOKO recognizes […]
Is Tokenization of Natural Resources the Future of Global Economy?
One of the countless use cases of blockchain technology is tokenization. Governments around the world are investigating the possibility of tokenizing traditional real-world assets like real estate, minerals, oil, etc. Countries like the Central African Republic (CAR) have voted for laws to tokenize natural resources in the country while others are exploring ways to do […]
