Malaysia's Securities Commission to Unveil Initiatives to Drive Security Tokenization
This includes a regulatory sandbox for fintech experimentation, a streamlined framework for security token offerings (STOs), and collaboration with Khazanah Nasional to explore tokenized bonds. The move aims to attract more issuers and investors, enhancing liquidity and positioning Malaysia as a regional leader in digital innovation.CFTC to Consider DLT Based Collateral – Report
If approved, funds like BlackRock’s BUIDL and Franklin Templeton’s FOBXX could serve as collateral, allowing instant transfers and reduced risk. However, permissioned blockchains are preferred due to current banking regulations on permissionless blockchain risks.EURC to Become Largest Euro Stablecoin by Market Cap
EURC has surged to >$75M market cap since its launch. Users can now convert EURC to EUR 1:1 without fees on Coinbase, trade EURC<>USDC on-chain via Aerodrome Finance, and send EURC globally with zero fees using Coinbase's self-custody wallet.Hilbert Capital's V1 Fund to be Tokenized by Fortunafi on Coinbase's Base
The V1 Fund employs an algorithmic market-neutral strategy for absolute returns in crypto markets. This collaboration aims to leverage blockchain for DeFi-structured yield products, offering a decentralized approach to asset sourcing and expanding Fortunafi's reach in tokenizing real-world assets.Credbull to Roll Out Up to $500M Private Credit Fund with Fixed High Yield on Plume Network
Credbull is launching LiquidStone, a fixed-yield credit facility on the Plume Network, with an initial cap of $100 million and plans to expand to $500 million by Q1 2025. The facility offers a 30-day fixed 10% annualized yield initially, increasing to a 90-day 15% yield next year. BBVA to Plan Launch of Visa-backed Stablecoin in 2025
The stablecoin's backing, whether by deposits, money market funds, or fiat currencies like the euro, is still undecided. BBVA aims to use the stablecoin as a settlement layer on exchanges, leveraging the trend of asset tokenization. The bank, focusing on the euro, will handle the mint and burn mechanism for integration into crypto ecosystems. BBVA’s U.S. market entry is not planned in the near term.Franklin Templeton's On-chain Money Market Fund to Launch on Aptos
FOBXX has been launched on the Aptos blockchain, marking its fifth network integration after Stellar, Polygon, Arbitrum, and Avalanche. Represented by the BENJI token, the fund invests in low-risk U.S. government securities. FOBXX remains the second-largest tokenized government securities fund, following BlackRock’s BUIDL.Digital Asset, Euroclear and World Gold Council to Conduct Pilot Project
Digital Asset completed a pilot using the Canton Network protocol to tokenize U.K. bonds (gilts), Eurobonds, and gold for financial transactions. The initiative, involving Euroclear, the World Gold Council, and Clifford Chance, demonstrated the instant use of tokenized assets for intraday margin calls, bypassing traditional settlement delays. Tokenized gold, converted into "Standard Gold Units," allowed it to be used more freely as collateral without storage limitations, enhancing transaction speed and transparency.HSBC to Issue HK$1 Billion Digital Bond on Orion DLT
The US$128 million digital note marks the first by a Hong Kong company listed on the Hong Kong Stock Exchange. The 3.6% note, settled in two days, integrates with the local central securities depository (CMU), allowing access for investors both directly via DLT and through conventional channels. HSBC acted as issuer, platform provider, and lead manager, using DAML with Hyperledger Fabric for the issuance.