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Australia's central bank has completed it's pilot of a central bank digital currency (CBDC) exploring use cases for a potential e-AUD, finding its useful in four main areas including enabling complex payments and asset tokenization.The Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC) unveiled their
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The Central African Republic (CAR) has extended its Sango blockchain project to tokenization of its land and natural resources. The country, one of the poorest and most crypto-friendly in the world, is one of the most active in crypto innovation.According to an announcement posted on X (formerly known as Twitter),
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In my youth, amid Ghana’s cocoa farms, I walked with my grandfather, a soldier turned farmer. He shared how these beans fueled our nation’s pride and economy. As the digital age unfurls, I often wonder: Could the modern marvel of crypto tokenization be the change my grandfather and countless cocoa
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Competition among blockchains to grab some of the RWA market, new lending pool from Credix that supports Colombian farmer, the first-ever tokenization under Spain’s new laws, how the U.K’s regulations may lead to the country becoming a tokenization hub, and more for the week ending July 27, 2023. Source
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Asset tokenization has long been regarded as one of the most compelling applications of blockchain technology. Back in June 2019, the United States investment banking giant BNY Mellon declared it has the potential to “dramatically change the dynamic” for investors and unlock opportunities that were previously out of reach. Real estate
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Tokenized Treasurys has grown to a $600 million market, with Ondo Finance’s OUSG token claiming a significant share of $134 million since its inception in January. Flux Finance, developed by Ondo’s team and governed by a decentralized autonomous organization (DAO) through community votes, lets investors take out loans by pledging
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Ripple Labs Inc, a company known for blockchain innovation and digital payments, has announced an initiative to transform the real estate industry using tokenization.Antony Welfare, the Central Bank Digital Currency (CBDC) advisor at Ripple, highlighted the growing global interest in CBDCs and stablecoins in a July 7 tweet. He emphasized
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Advocacy group UK Finance is urging the British government to encourage securities tokenization. The market is small now, but the future stakes are high, it said.In a report co-written with consulting firm Oliver Wyman, UK Finance said the advantages of tokenization, such as lower costs, lower risk and wider access,
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Implementation of blockchain technology will accelerate as the opportunity cost of uncaptured efficiencies increases, the report said. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Monetary Authority of Singapore (MAS) has recently disclosed a detailed report exploring the integration of asset tokenization and decentralized finance (DeFi) within global financial systems and standards. In a fresh development, Singapore’s monetary watchdog, the Monetary
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