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BIG Weekly Newsletter
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A Message To The Reader
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Welcome to the BIG weekly Newsletter!
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This week read about how Onyx by JP Morgan explores web3 for social commerce, why Visa showcases tokenized deposits with HSBC, Hang Seng Bank and the 3 ways blockchain could make AI even better.
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We offer a free consultation with access to the blockchain insights. Book your free consultation with us here.
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TRUSTED PARTNERS
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BIG EXPERTISE
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Harness the power of blockchain with a trusted partner. BIG is transforming financial futures through strategic, compliant, and operational excellence.
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- Proven Expertise: Architected and executed strategies for multiple global entities, seamlessly integrating digital assets and pioneering tokenization.
- Swiss Localization: Successfully onboarded several firms in Switzerland, optimizing their governance and fundraising capacities.
- Strategic Guidance: Elevated numerous projects to success with effective board and corporate structures.
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- Tailored Solutions: Designed and deployed tailored products for several industry leaders, ensuring alignment with individual functional needs
- Seamless Integration: Managed end-to-end integrations for numerous service providers, ensuring smooth transitions to live operations.
- Project Mastery: Transformed numerous project concepts into operational successes.
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- Regulatory Partnerships: Forged strong ties with legal specialists, SROs, and FINMA, setting the gold standard in regulatory navigation.
- Compliance Leadership: Rolled out internationally recognized compliance tools and frameworks, guiding best practices in the sector.
- Crypto Assurance: Pioneered innovative methods for cryptocurrency ownership verification, securing assets for multiple global entities.
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- Operational Excellence: Spearheaded operational setups for several renowned industry leaders, championing peak performance.
- Cybersecurity Vanguard: Protected clients from numerous potential cyber threats, establishing a reputation for unmatched security.
- Infrastructure Prowess: Revolutionized IT for several firms with state-of-the-art setups and blockchain optimizations.
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Onyx by JP Morgan explores web3 for social commerce
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Onyx by JP Morgan released a report on web3 for social commerce. Social commerce is valued at over $1 trillion with 600% growth expected by 2030. It explores how web3 could address some pain points in the social shopping journey.
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Visa showcases tokenized deposits with HSBC, Hang Seng Bank
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Visa collaborated with HSBC and Hang Seng Bank on a tokenized deposit trial. It involved two use cases, one for the settlement of a high value real estate transaction and another for settling Visa card payments.
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3 ways blockchain could make AI even better
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With its ability to compute massive amounts of information, run simulations in seconds, generate content in the fraction of the time it would take a human, and automate cumbersome tasks to free up personal time, AI is making waves in every industry.
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REGULATED DIGITAL ASSETS (STO, TRADING, CUSTODY, COMPLIANCE)
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The regulation of digital assets in Europe
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MiCA has won praise for distinguishing the digital assets industry from the traditional finance sector, an approach that has differentiated regulators in Europe from those in the US. Some stakeholders warn that the regulation is a risk driving investment.
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DBS Digital Exchange says digital asset volumes soaring
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Trading volumes have trebled during the first five months of the year, with active clients up 36%. Assets under custody are also rose 80% in Singapore dollar terms. However, it didn’t provide absolute figures.
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Ripple-partner SBI enters security tokens offering (STO) business
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Ripple-partner SBI Holdings has entered a strategic agreement with South Korea’s Kyobo Life Insurance Group to expand their cooperation into STO business and digital finance.
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FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)
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Taiwan central bank starting wholesale CBDC trials, no rush for retail
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The wCBDC will be used for interbank settlement for tokenized deposits. When a payee transfers a tokenized deposit to a recipient, the recipient might receive the money instantly, but there’s an additional step in the background.
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UK election victory for Labour could see a focus on RWA tokenization and CBDC development
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This could impact the crypto sector by seeing a focus on real-world asset tokenization and the development of CBDC technology.
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China, Kazakhstan central banks to cooperate on digital currency
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The National Bank of Kazakhstan and the People’s Bank of China signed a memorandum of understanding to cooperate on digital currency. This was one of 31 contracts executed between the countries.
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CRYPTOCURRENCIES, DeFi and NFT
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The German government owns around $2 billion in bitcoin — and it’s freaking out crypto investors
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Germany’s government has been selling hundreds of millions of dollars worth of bitcoin, placing selling pressure on the world’s largest cryptocurrency.
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Understanding the pros and cons of smart contract upgradeability in DeFi
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Smart contract proxy upgradeability allows developers to update the logic of deployed smart contracts while preserving the contract’s state and address.
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How are NFTs solving problems? From Art to Real-World Solutions
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NFTs gained attention due to high-profile sales of digital art and collectibles, bringing the technology into the mainstream.
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RECOMMENDED INDUSTRY REPORTS
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Swiss Blockchain Federation updates Circular on Staking
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Staking is an energy-efficient mechanism for consensus building in public blockchain networks such as Ethereum, Solana and Cardano.
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Masterthesis "Onchain-Finance"
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New and innovative services for Swiss banks with digital assets
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presented by Daniel Stüssi, MAS Digital Excellence for Financial Services at Zürcher Fachhochschule and HWZ Hochschule für Wirtschaft Zürich.
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Searching for Mana podcast is focused on tech innovation in finance, where Lloyd Wahed meets with some of the influencers, leaders and founders in the tech and finance space.
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Unchained podcast with Laura Shin, is where she dives into the week’s hottest news story, gives an overview to all experts and their vision for the future of this innovative technology!
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The Security Token Show podcast hosted by Kyle Sonlin and Herwig Konings, where they share news, innovation, and development is the finance.
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Paul Barron Network podcast dives into crypto news, reviews, research, and interviews with the leading experts and change agents defining the future of crypto and blockchain.
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