The financial sector’s adoption of blockchain technology has reached a significant inflection point. While Bitcoin established the foundation for decentralized finance, its base layer lacks the scalability, transaction efficiency, and regulatory adaptability required by institutional investors.
Digital assets present both opportunities and challenges. As institutional adoption grows, risk frameworks must evolve to match the unique characteristics of tokenized finance.
Particula assigns an AA- rating to the issuance of the Blockstream Mining Note (BMN2) token by Blockstream Mining as of March 5, 2025. BMN2 token represents an unsecured note facilitating a revolving loan facility for Bitcoin mining.
Particula assigns an AA+ rating to the issuance of the Delta Wellington Ultra Short Treasury On-Chain Fund token ($ULTRA) by Delta Master Trust as of February 17, 2024.
Particula assigns an AA rating to the issuance of the USTBL token by Spiko SICAV as of January 22, 2025.
At Particula, we view private credit as the next major frontier in the digital asset space, following the successful tokenization of funds and bonds. Real-world assets (RWAs), excluding stablecoins, now account for 15% of total on-chain value locked (TVL), having expanded by over 60% in 2024 to reach $13.7 billion.
The financial industry is witnessing a transformation with the rise of tokenized assets, marking a pivotal moment in 2024. Heavyweights like BlackRock have entered the space, driving significant growth in Total Value Locked (TVL) and signaling increasing investor confidence and interest.
The asset tokenization and Real World Asset (RWA) industry have reached a significant milestone today with the introduction of the RWA Foundation featuring founding member partners across different service practices, blockchain solutions, and asset tokenization leaders.
Fixed income products are issued within specific legal frameworks that ensure regulatory compliance, protect investors, and optimize tax and operational efficiencies.
Particula assigns an A rating to the issuance of the bIB01 $ Treasury Bond 0-1 yr token by Backed as of September 18, 2024.
