BIG Weekly Newsletter

October 19, 2023
Issue: No 206

A Message To The Reader

Welcome to the BIG weekly Newsletter!

This week read about the top blockchain trends expected to dominate in 2024, why BlackRock shares go digital on JPMorgan’s Onyx blockchain and the necessity of blockchain networks backed by individuals.

Remember to listen to Unchained podcast with Laura Shin, where she dives into the week’s hottest news story, and then gives a rundown of the biggest headlines in the weekly news recap on Fridays.

We offer a free consultation with access to the blockchain insights. Book your free consultation with us here.

Mauro Cappiello
Founder, Blockchain Innovation Group AG

BIG EXPERTISE

Harness the power of blockchain with a trusted partner. BIG is transforming financial futures through strategic, compliant, and operational excellence.

Business Strategy:
  • 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.

Product Implementation:
  • 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 Compliance:
  • 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 Services:
  • 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.
We are hiring! BIG is looking for a Senior Partner at Blockchain Innovation Group AG
Following BIG's successful business development over the last five years with a focus on financial services, implementing various projects related to blockchain and digital assets, we are expanding into new industries and are looking for an experienced industry leader with hands-on experience in business development, project management and technology.

BLOCKCHAIN HEADLINES

What are some anticipated blockchain trends that are expected to dominate in 2024
To stay ahead of the competition in the crypto trading industry, start using modern day algorithmic trading platform like Quantum AI Trading.

DATACONOMY

BlackRock shares go digital on JPMorgan’s Onyx blockchain
BlackRock, the world’s largest asset manager, has tokenized its money market fund shared, which were later provided as collateral to Barclays in an over-the-counter derivatives deal, JPMorgan Chase & Co.

FORKAST

The necessity of blockchain networks backed by individuals
Blockchain technology offers new horizons in terms of user governance and digital interaction between parties. It evolves with each iteration, adding new use cases and better functionality along the way.
COINTELEGRAPH

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

Australia’s Treasury consults on novel approach to regulating tokenized digital assets
Digital assets are divided into financial digital assets – securities, bonds and the like and non financial digital assets. For financial digital assets all the usual intermediaries are expected to have an AFSL.

LEDGERINSIGHTS

      MAS gives initial approval for Upbit to operate in Singapore
      Upbit, South Korea’s largest exchange in terms of volume, has achieved in-principle approval for a Major Payment Institution (MPI) license in Singapore through its Singapore entity.

      COINSPEAKER

          California plans to regulate digital assets by 2025
          The law designates the Department of Financial Protection and Innovation (DFPI) as the regulatory authority responsible for licensing and overseeing specific crypto activities.

          KRYPTOMONEY

              FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)

              Australia open to idea of CBDC as future of money — RBA
              The Reserve Bank of Australia (RBA) is open to using a central bank digital currency (CBDC) as the future of money, where state-issued digital money would represent a tokenized form of central bank reserves.

              COINTELEGRAPH

              China’s CBDC could be used for monetary policy
              China could potentially use its CBDC, the digital yuan, to influence and control interest rates. That’s a suggestion made during a speech by Lu Lei, the deputy director of China’s State Administration of Foreign Exchange, a division of the People’s Bank of China.

              LEDGERINSIGHTS

              Mastercard achieves success in CBDC wrapping trial, boosting blockchain interoperability
              The success of the Mastercards CBDC trial underlines the synergy between traditional financial institutions, blockchain and crypto.

              FORBESINDIA

              CRYPTOCURRENCIES, DeFi and NFT

              Blockchain-based biotech: is this a viable financing method
              At a time when biotechs are scrambling to raise funds, a new way for startups to secure investments is emerging: leveraging cryptocurrency.

              LABIOTECH

              Canada central bank assesses innovations and challenges of DeFi
              The staff note suggested that, although the DeFi ecosystem brings a ton of innovations in the financial sector, the regulatory challenges and vulnerability limit its potential use in traditional finance.

              COINTELEGRAPH

              LayerZero’s ‘Gas Station’ will simplify cross-chain NFT swaps
              The news coincides with the integration of NFT marketplace, Magic Eden, with the LayerZero protocol. This means traders can now purchase and sell Omnichain non-fungible tokens across supported chains.

              BLOCKWORKS

              RECOMMENDED INDUSTRY REPORTS AND BOOKS

              2023 State of Crypto Report:
              Introducing the State of Crypto Index

              A16ZCRYPTO

              Swiss Digital Asset Custody Report 2023
              The safekeeping of financial assets is a global strength of Switzerland’s banking industry.

              HOMEOFBLOCKCHAIN

              PODCAST SERIES

              UNCHAINED PODCAST

              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!
              Unchained podcast

              UPCOMING EVENTS

              Digital Assets Week
              November 14-15, 2023

              Next Block Expo
              December 4-5, 2023

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