$1.44 Billion Milestone in Tokenized Treasury Bonds: Particula Monthly Fundamentals
Welcome to our latest newsletter, diving into the dynamic world of tokenization and digital assets!*
This month, explore the $1.44 Billion growth on the treasury bond market, Swiss wholesale CBDC trial, US Congress negotiations regarding public blockchains, the latest report by McKinsey & Company, and TOKENFUTURE2024 highlights.
*This article is an extract of the Particula Monthly Fundamentals. To gain access to our monthly releases, sign up for the newsletter.
$1.44 Billion Milestone in Tokenized Treasury Bonds
BlackRock’s BUIDL, launched in March, leads with a market value of $462 million, Franklin Templeton’s FOBXX and Ondo protocol’s OUSG follow with significant market shares.
Read More: $1.44 Billion Milestone Reached by Tokenized Treasury Bonds Market
Swiss wholesale CBDC trial with SDX extended by 2 years
The Swiss National Bank extended its wholesale CBDC trial, Project Helvetia III, for two more years due to its success. Since December 2023, the project settled CHF 750 million ($842m) in digital bonds on the SIX Digital Exchange (SDX). Additionally, SNB issued CHF 64 million in SNB Bills on the SDX platform.
Read More: Swiss wholesale CBDC trial with SDX extended by 2 years
US Congressional Tokenization Hearing Shows Confusion About Public Blockchain Securities
Democrats raised concerns about the FIT 21 crypto Bill potentially allowing securities issuance without safeguards and debated public blockchain use due to anonymity issues. Securitize CEO Carlos Domingo argued that public blockchains can comply with KYC and AML laws.
Latest Reports
Risk Management: How to Mitigate the Unique Risks of Tokenized Assets
As the market of tokenized assets advances along the adoption curve, our SVP Axel Jester, emphasizes in a recent Coindesk article that managing the increasing complexity of these assets requires robust risk management and continuous lifecycle monitoring.
Discover how to mitigate risks in the tokenized assets market by reading the full article on Coindesk!
TOKENFUTURE 2024: Conference Highlights
The TOKENFUTURE 2024 event, hosted by Particula in collaboration with Blockstories, was a huge success, bringing together a selection of industry experts from decentralized (DeFi) and traditional finance (TradFi).
Here are some of the key highlights and insights from the event:
- Maturity of Tokenization: The alignment of macroeconomic factors, mature technological infrastructure, and clear regulatory frameworks is accelerating the adoption of tokenization in the financial industry. This marks a significant shift from previous years when tokenization was mostly theoretical.
- Regulation and Innovation: Regulation is crucial for the growth of tokenization. Frameworks like MiCA provide a solid foundation, but it is important that these regulations foster innovation rather than hinder it.
- European Advancements: Europe is rapidly becoming a hub for tokenization initiatives, catching up to the U.S. and making it an attractive jurisdiction for blockchain projects.
General Impressions
Thank you to everyone who made TOKENFUTURE 2024 a remarkable success! We look forward to seeing you at our next edition.
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