Everyone is Talking About Tokenized Treasuries. This Report Highlights the Current Facts for Allocators to Consider
We've been participating in many conversations that have revolved around tokenized treasuries and the need for a comprehensive understanding of their legal, technical, and financial workings. To address the confusion caused by similar-looking products, we found a report that may be worth its salt. The guide has introduced two distinct categories: Actively Managed and Reledgered, which aim to bring clarity to the process of tokenizing US Treasuries. Despite the bearish market conditions, the presence of over $600 million in on-chain tokenized treasuries issued by a range of companies, from established asset managers like Franklin Templeton to recently established startups, is surprising. The announcement highlights RWA.xyz's newest feature, Tokenized Treasuries Analytics, generating excitement within the crypto market. Additionally, the report authored by Jack Chong accompanies the analytics dashboard, delving into the intricate mechanisms and legal structures of these innovative blockchain assets. He expresses gratitude to the companies that assisted in showcasing their notable contributions, including Arca, Backed Finance AG, Franklin Templeton, Hashnote, Maple Finance, Matrixport, Ondo Finance, OpenEden, Swarm, and WisdomTree Prime, while also inviting others to reach out for inclusion. The report finishes by promising more to come in the future. We encourage asset allocators to check out the link below.
Moody's has released a comprehensive report on digital bonds, highlighting their potential to revolutionize debt markets. The report emphasizes that the features of digital bonds have the capacity to bring about significant transformations in the market over time. These bonds offer various advantages, including reduced transaction costs, improved liquidity, and faster settlement times. Additionally, the report delves into several important aspects, such as recent issuances by public authorities and private entities, key risks associated with digital bonds (including platform, legal, smart contract, cyber, and third-party risks), factors that investors should consider when evaluating digital bonds, and the overall transformation of financial markets from both short and long-term perspectives. Moody's report sheds light on the growing importance of digital assets, tokenization, and the potential impact on debt markets, attracting the attention of investors and participants in the field of debt capital markets.
The Halvening is Coming... Is It Too Soon to Talk About it?
In the ever-evolving landscape of crypto institutional adoption, few events have captured the attention of investors, analysts, and enthusiasts quite like the Bitcoin halving. As the digital asset industry matures and reaches new milestones, macro narratives surrounding this digital asset are increasingly taking center stage. The Bitcoin halving, a significant and predetermined event that occurs approximately every four years, has become a focal point for understanding the larger trends and narratives that shape the world of cryptocurrency. In this report written by Fidelity, we delve into the concept of macro narratives and examine how the Bitcoin halving has emerged as a key catalyst, unveiling broader stories that influence the digital currency market and its future trajectory. Enjoy!
AI, Bitcoin mining, and Proof of Stake. Feels like more and more we are becoming more and more dependent on Nvidia and other chipmakers. With this in mind, asset manager Vanguard Group has increased its exposure to Bitcoin mining companies, raising its stake in the industry to over half a billion dollars. The company, which manages $7.2 trillion in assets, purchased more stock from Riot Platforms and Marathon Digital. Vanguard Group raised its holdings in Marathon Digital by 60% from 10.9 million shares to 17.5 million, amounting to an investment of $280.5 million. It also increased its stake in Riot Blockchain by nearly 18% from 15.2 million shares to 17.9 million, totaling over $281 million. This brings Vanguard's total investment in Bitcoin miners to $560 million. The growing institutional interest in Bitcoin mining and digital assets as a whole is evident, as other major fund managers have also applied for a Bitcoin ETF and have backed new crypto brokerage and exchange services. Is now the time to start looking at mining stocks again?
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