BIG Weekly Newsletter

August 29, 2024
Issue: No 251
This week read about how Franklin Templeton expands FOBXX tokenized money market fund to Avalanche blockchain, why Nasdaq wants to launch a Bitcoin index options, seeks SEC approval and how Sygnum Issues Industry-first $50M Bitcoin-backed Syndicated Loan to Ledn.

Remember to listen to Unchained podcast with Laura Shin, the Searching for Mana podcast with Lloyd Wahed, the Paul Barron Network show and The Security Token Show podcast hosted by Kyle Sonlin and Herwig Konings.

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Mauro Cappiello
Founder, Blockchain Innovation Group AG

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    BLOCKCHAIN HEADLINES

    Franklin Templeton expands FOBXX tokenized money market fund to Avalanche blockchain
    The asset manager first launched the fund on the Stellar blockchain with assets under management currently $402 million.

    LEDGERINSIGHTS

    Nasdaq wants to launch a Bitcoin index options, seeks SEC approval
    Options are financial instruments that allow traders to buy or sell assets, indexes and ETFs at a set price on a specified date. This allows institutions to extend their buying power. The proposed Bitcoin Index Options would be based on the CME CF Bitcoin Real-Time Index.

    COINTELEGRAPH

    Sygnum Issues Industry-first $50M Bitcoin-backed Syndicated Loan to Ledn
    Sygnum has issued the industry-first syndicated loan backed by Bitcoin to premier crypto lender Ledn, which will be used to fund the growth of Ledn’s retail lending operations.

    SYGNUM

    REGULATED DIGITAL ASSETS (STO, TRADING, CUSTODY, COMPLIANCE)

    Chainlink launches digital assets sandbox to foster innovation in financial institutions
    The DAS offers a controlled environment where institutions can experiment with tokenizing traditional financial instruments, and explore the use of digital tokens as collateral.

    THETOKENIZER

    Anchorage Digital offers rewards for holding PayPal stablecoins, as competition hots up
    Anchorage Digital announced that holders of the PayPal USD stablecoin can earn rewards. Anchorage Digital’s rewards program targets institutions that keep their stablecoins in the Anchorage Porto self-custody wallet.

    LEDGERINSIGHTS

        State Street focuses on tokenization amid U.S. regulatory challenges
        State Street Corporation partner with Taurus. This collaboration aims to enhance State Street’s digital asset services by focusing on the tokenization of traditional assets, with plans to expand into digital asset custody.
        THETOKENIZER

        FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)

        India mulls cross-border CBDC interoperability system
        With the emergence of fast payment systems across countries and experimentation around central bank digital currencies (CBDC), new possibilities have emerged that could bring greater efficiency to cross-border payments.

        COINTELEGRAPH

        Paper money isn't a fix for CBDC
        While physical paper money does solve some of the privacy and security issues in CBDCs, it doesn't resolve the fundamental problems inherent in fiat systems.

        FXSTREET

        DBS bank completes pilot for government grants on blockchain
        DBS programmed the qualifying conditions to receive the grant into smart contracts, which automatically triggered money transfers to the beneficiaries that met the conditions.

        COINGEEK

        CRYPTOCURRENCIES, DeFi and NFT

        Grayscale adds to Bitcoin and Ethereum offerings with new Avalanche Trust
        Grayscale Avalanche Trust is now open for eligible accredited investors and will operate like other crypto funds it offers.
        DECRYPT
        Echelon raises $3.5m to advance DeFi lending on Move-based blockchains
        Echelon will utilize the seed funding to expand its product offerings, grow its team, and implement a treasury, cross-chain vaults, and real-world asset-backed strategies.
        CRYPTO
        NFT Marketplace Magic Eden expands push outside of NFTs
        One of the largest marketplaces for NFTs, is diversifying into categories. Platform will allow token swapping from a mobile app, enabling swapping of assets across five blockchains.
        BLOOMBERG

        RECOMMENDED INDUSTRY REPORTS

        Swiss Blockchain Federation updates Circular on Staking
        Staking is an energy-efficient mechanism for consensus building in public blockchain networks such as Ethereum, Solana and Cardano.

        BLOCKCHAINFEDERATION

        Masterthesis "Onchain-Finance"
        New and innovative services for Swiss banks with digital assets
        presented by Daniel Stüssi, MAS Digital Excellence for Financial Services at Zürcher Fachhochschule and HWZ Hochschule für Wirtschaft Zürich.
        DOWNLOAD HERE

        PODCAST SERIES

        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.
        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!
        Unchained podcast
        The Security Token Show podcast hosted by Kyle Sonlin and Herwig Konings, where they share news, innovation, and development is the finance.
        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.
        Behind The Numbers With Lena Petrova, CPA Podcast by Lena Petrova, where she share her research into the world of finance, economics and geopolitics.

        UPCOMING EVENTS

        Korea Blockchain Week
        September 1, 2024
        TOKEN2049
        September 18-19, 2024
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