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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 blockchain revenues to rise to $291bn by 2030, why AI integration and blockchain to propel Web3 adoption and how diamonds arrive on a blockchain with new tokenized fund on avalanche network.
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The Swiss Blockchain Federation warns against the implementation of the Basel Crypto Standard and updates its Staking Circular to reflect FINMA’s supervisory notice on staking.
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Remember to listen to Unchained podcast with Laura Shin, where she dives into the week’s hottest news story, and Searching for Mana podcast where Lloyd Wahed meets with some of the influencers, leaders and founders in the tech and finance space.
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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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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.
- 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, consistently meeting and exceeding client expectations.
- 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.
- 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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Blockchain revenues to rise to $291bn by 2030, forecasts GlobalData
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This notable expansion is attributed to a shift towards more focused investments in areas such as blockchain development and infrastructure services.
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AI integration and blockchain to propel Web3 adoption
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Blockchain’s impenetrable data processing and AI’s capacity to generate predictions can work together technologically to improve the Web3 user experience and lower friction.
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Diamonds arrive on a blockchain with new tokenized fund on avalanche network
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The security token backed by the Diamond Standard Fund is listed on the regulated Oasis Pro Markets, eligible for IRAs and available for institutional investors.
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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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REGULATED DIGITAL ASSETS (STO, TRADING, CUSTODY, COMPLIANCE)
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MAS introduces new crypto regulations, including digital asset custody
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Under the new guidance, customers’ digital assets held in trust must be segregated from the assets of the service provider, though it stops short of mandating the use of an external custodian. MAS established these rules after extensive consultations.
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Hague legal body launches digital asset tokenization project to tackle cross-border challenges
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This project will encompass various digital token types. It will also explore preliminary legal questions surrounding digital securities and blockchain-based digital assets.
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Singapore is working on fund tokenization regulation, global layer 1
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Monetary Authority of Singapore MD Chia Der Jiun discussed tokenization and covered some of the fund tokenization pilots that are part of Project Guardian and the MAS Global Layer 1 (GL1) initiative for tokenization.
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FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)
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CBDC anonymity will impact bank lending: Bank of Canada
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In its new report, the Bank of Canada studied how business anonymity will impact commercial banks’ ability to lend to entrepreneurs.
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Lloyds, Natwest, Nationwide invest in DLT real estate firm Coadjute
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These banks are three of the top five UK retail banks. Coadjute’s platform, based on DLT, enables seamless communication and data sharing among all parties involved in a house sale.
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SWIFT planning launch of new CBDC platform within two years
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SWIFT, the global bank messaging network is planning to launch a new platform in the next one to two years to connect the rise ofCBDCs being developed and launched in the global financial market.
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CRYPTOCURRENCIES, DeFi and NFT
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Many retail and institutional investors are wondering which coins will deliver the biggest gains over 2024 and beyond. With hundreds of mega-cap tokens and thousands of emerging cryptos, it's hard to decide what crypto to buy.
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XRPL blockchain plugs into cross-chain DeFi
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XRPL’s blockchain ecosystem has an existing decentralized exchange (DEX) featuring a conventional order book, which does not include some of the advanced features that new DeFi protocols have pioneered over the past two years.
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OpenSea implements ERC-721C standard for NFT royalties
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ERC-721C standard simplifies the process of ensuring payments for creators. It prevents misuse in both directions by not allowing users to trade NFTs after minting them using self-custody wallets or unregulated platforms.
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RECOMMENDED INDUSTRY REPORTS AND BOOKS
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2023 State of Crypto Report:
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Introducing the State of Crypto Index
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Swiss Digital Asset Custody Report 2023
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The safekeeping of financial assets is a global strength of Switzerland’s banking industry.
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Searching for Mana, the podcast focused on tech innovation in finance, where Lloyd Wahed has been meeting with some of the influencers, leaders and founders in the tech and finance space from unicorn companies to financial disruptors. Tune in to gain insight into how they got into FinTech, what they’re currently focused on, what their companies are all about, as well as some of the important trends that they’ve highlighted in the market.
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Laura Shin is a crypto/blockchain journalist and host of the Unchained podcast. As a former senior editor of Forbes, she was the first mainstream reporter to cover crypto assets full-time. She gives an overview to all experts and novices alike on the use cases making a real impact, and their vision for the future of this innovative technology!
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Got a question?
Or perhaps a suggestion? We'd love your feedback.
Contact Rali Hill
- content provider of this Newsletter.
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