Tokenized US Treasuries have experienced a remarkable growth of 125%, reaching $15.42 billion, according to a report by Chainalysis. This increase represents the largest dollar addition among tokenized assets, which also saw a total expansion to $36.07 billion. As the market diversifies towards US government debt, this trend could signify a shift in investment strategies.
Fission, a blockchain-enabled financial technology company building liquidity infrastructure for tokenized investment funds, has closed a $10 million Series A led by Pantera Capital, according to a company announcement published October 15. The round adds Circle Ventures, New Form, gumi Cryptos Capital, Borderless Capital and Ari Rubenstein, CEO of trading firm GTS, to Fission’s investor
zkSync is set to participate in a panel at the Money 2020 event focused on the evolving landscape of digital assets. This panel, moderated by @gluk64, will feature key players including the NYSE and The DTCC. The discussion aims to explore innovations and strategies in managing digital assets, which could significantly impact industry perceptions moving
Tokenized assets for SpaceX and Tesla have gained traction, now held in 140,174 wallets. This figure represents a remarkable increase, up 7.9 times since January. This growth reflects a rising interest in blockchain-based investments and trading, especially amid speculation around SpaceX’s potential public listing. The data surfaced through a tweet from influencer @tokenterminal, signaling a
Bitcoin’s price has dropped this week as new inflation data has come in hot. But while the largest cryptocurrency’s near-term setup is difficult, it’s not “fundamentally bearish,” according to European asset manager CoinShares’ Head of Research, James Butterfill. In a report Friday, the analyst said that bitcoin’s near-term challenge stems from a macro environment that’s
In brief Circle plans to expand into roughly 40 emerging and developing countries, CEO Jeremy Allaire told Reuters, saying blockchain is entering its “mainstream scaling phase.” $USDC holds about 25% of the stablecoin market versus roughly 60% for Tether’s $USDT, and its circulation rose 19% year over year to $73.3 billion in the second quarter.
WisdomTree has launched its Prime platform utilizing the Stellar network, which is recognized for its robust compliance controls. This announcement, shared by @StellarOrg, highlights Stellar’s capabilities as an institutional-ready network. The integration could significantly enhance institutional access to digital assets, fostering a stronger shift toward blockchain technology and compliance in financial markets. Breaking It Down
Chainlink has achieved a significant milestone by enabling over $30 trillion in total transaction value, a testament to its robust infrastructure and integration capabilities. This achievement marks a pivotal moment in the crypto market, highlighting Chainlink’s growing influence and adoption. As institutions increasingly recognize the value of blockchain technology, Chainlink’s role in facilitating secure transactions
Bitcoin risks wiping out the results of many years of growth entirely and returning to fundamental support at the $10,000 level. The largest digital asset, which has served as the main indicator of risk appetite since 2009, is showing signs of a global trend reversal. The key trigger for this scenario would be a large-scale
a16z Crypto’s General Partner Guy Wuollet recently stated that stablecoins represent the most significant near-term opportunity for blockchain in finance. He highlighted their role in enhancing payment efficiency, especially in high-inflation environments, during an interview on the a16z Crypto channel. This perspective underscores a growing recognition of stablecoins as vital components in the evolution of