In a recent episode of RWA Insights, Chetan Karkhanis, Senior VP at Franklin Templeton, discussed the future of tokenized funds and their scalability in Asia. The conversation, featuring insights from Jake and Pendle, outlines key strategies for the growth of tokenized assets. This discussion is crucial as it sheds light on the evolving landscape of
Former Coinbase Executive Takes Charge of Evernorth’s $XRP An $XRP treasury holding approximately 473 million tokens at closing now has a former Coinbase Asset Management executive directing its investment strategy. Evernorth Holdings Inc. (Nasdaq: XRPN) announced on Oct. 12 that it appointed Hugo Jeandesboz as chief investment officer. He reports to founder and CEO Asheesh
Pyth Network has reported a remarkable increase in its annual recurring revenue (ARR), jumping from $6.2 million to $11.5 million, reflecting an impressive 86% growth quarter-over-quarter. This announcement highlights the growing demand for real-time market data services amidst fluctuating market conditions. The implications of this growth could reshape trading strategies as more participants seek reliable
GraniteShares has filed for an American Stakes ETF that will include stocks in which the US government has a stake. This move, as reported by crypto commentator Eric Balchunas, could reflect growing investor interest in government-linked assets. The filing comes amid a broader trend towards innovative investment products that tap into public sector holdings, which
A study released by the Bank for International Settlements on Oct. 13 links bank deposit repricing to a larger estimated slowdown in $USDC growth than in $USDT growth, so banks’ offers can shape stablecoin adoption differently for each issuer. Higher deposit rates give holders a stronger financial reason to keep balances at a bank. In
Bitcoin treasury company Strive ASST$27.60·Market Closed on Tuesday evening announced a new perpetual preferred stock, SATS, with a 15% fixed dividend. The company is aiming to sell 5 million shares at $100 per share, for a capital raise of $500 million, with proceeds to be used to purchase additional bitcoin BTC$83,498.63, acquire income-producing assets, or
The global tokenization movement is gaining traction, with a striking 89% of the $3.8 billion tokenized stock market issued by non-US entities. This trend indicates a shift in how assets are being tokenized, with 94% of the market providing exposure to US-listed stocks and ETFs. Such developments may influence future investment strategies and market dynamics.
BNY, the world’s largest custody bank, and trading giant Citadel Securities said Tuesday they had completed a transaction using tokenized U.S. Treasuries, showing how blockchain technology could help Wall Street move assets between trading and financing more quickly. The transfer focused on collateral, a key part of financial markets. Banks and trading firms use U.S.
Bitcoin’s Price Reclaims $83K as Wall Street Wobbles and Chip Stocks Take a Beating Wall Street had two problems on Tuesday. America’s biggest banks couldn’t agree on whether business was booming, and the semiconductor industry was having another miserable day. JPMorgan Chase stumbled on earnings while Goldman Sachs came out swinging, leaving investors to sort
Cipher Digital (NASDAQ: CIFR) has announced it intends to sell $850 million of zero-coupon convertible notes that are set to mature in 2032. The announcement was made on Tuesday, October 13, barely 3 weeks after the company agreed to absorb cost overruns to the tune of $359.3 million at its Barber Lake data center in