🚀 BBVA Launches Tokenized Fund Under Regulatory Sandbox
#BBVA #TokenizedFund #RegulatorySandbox #Blockchain #Investing #AssetManagement #Innovation #SmartContracts #FinancialTechnology #CNMV
According to PANews, Spain's second-largest bank, BBVA, has announced the launch of a tokenized fund as part of a regulatory sandbox implemented by the Spanish securities regulator CNMV. This sandbox allows participants to innovate and test new technologies under the supervision of regulatory authorities. Each project must be submitted and approved according to the evaluation and requirements established by the CNMV.
The BBVA short-term fixed-income token fund will register its operations on a private blockchain provided by Allfunds, a software developer that creates decentralized solutions for third parties. BBVA Asset Management will manage and market the fund, utilizing Allfunds' network, smart contracts, and nodes specifically created for this test case. Investors will operate the fund similarly to traditional funds, thereby avoiding the complexities of decentralized operations.#BBVA #TokenizedFund #RegulatorySandbox #Blockchain #Investing #AssetManagement #Innovation #SmartContracts #FinancialTechnology #CNMV
🚀 Hong Kong's First Retail Tokenized Fund Set To Launch
#HongKong #TokenizedFund #DigitalCurrency #Blockchain #Investment #Finance #AsiaPacific #HuaxiaFund
According to PANews, Huaxia Fund (Hong Kong) has announced that its Huaxia Hong Kong Dollar Digital Currency Fund has received approval from the Hong Kong Securities and Futures Commission (SFC). The fund is expected to be officially launched by the end of February. This marks the first retail tokenized fund in the Asia-Pacific region, aiming to leverage blockchain technology to offer investors an innovative investment tool based on Hong Kong dollar money market fund returns.#HongKong #TokenizedFund #DigitalCurrency #Blockchain #Investment #Finance #AsiaPacific #HuaxiaFund
🚀 Circle to Integrate Hashnote Tokenized Fund Under Bermuda Regulation
#Circle #Hashnote #TokenizedFund #Bermuda #DigitalAssets #Stablecoin #MoneyMarketFund
According to Foresight News, stablecoin issuer Circle plans to incorporate its recently acquired Hashnote tokenized money market fund under Bermuda's regulatory framework. This move will align the fund with Circle's existing Digital Assets Business Act (DABA) license. Data from rwa.xyz indicates that Hashnote has issued one of the largest tokenized money market funds, USYC, which manages nearly $1 billion in assets.#Circle #Hashnote #TokenizedFund #Bermuda #DigitalAssets #Stablecoin #MoneyMarketFund
🚀 Fidelity to Launch Tokenized U.S. Treasury Fund Competing with BlackRock's BUIDL
#Fidelity #TokenizedFund #USTreasury #BlackRock #BUIDL #InvestmentOpportunities #Finance #Cryptocurrency
According to Odaily, Fidelity is set to introduce a tokenized fund focused on investing in U.S. Treasury securities. This move positions Fidelity in direct competition with BlackRock's BUIDL fund, which also targets similar investment opportunities.#Fidelity #TokenizedFund #USTreasury #BlackRock #BUIDL #InvestmentOpportunities #Finance #Cryptocurrency
🚀 BlackRock Seeks SEC Approval for Blockchain-Based Stock Class
#BlackRock #SEC #Blockchain #StockClass #TreasuryTrust #DLT #BNYMellon #TokenizedFund #Investment #Finance
According to Foresight News, BlackRock, a global asset management giant, has submitted an application to the U.S. Securities and Exchange Commission (SEC) to create a blockchain-based stock class for its BLF Treasury Trust Fund. This new class, labeled DLT, aims to utilize blockchain technology to record stock ownership or streamline certain operations of the money market fund, which invests in high-quality short-term U.S. Treasury securities.
The DLT shares will be exclusively available through BNY Mellon, which plans to use blockchain technology to maintain a mirrored record of stock ownership for its clients. This move follows BlackRock's previous launch of a tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), last year.#BlackRock #SEC #Blockchain #StockClass #TreasuryTrust #DLT #BNYMellon #TokenizedFund #Investment #Finance
🚀 BlackRock's Tokenized Fund Makes Significant Deposit on Polygon Network
#BlackRock #TokenizedFund #Polygon #BUIDL #Crypto #Blockchain #DeFi #Investment
According to PANews, on-chain data reveals that BlackRock's tokenized fund, BUIDL, has executed a substantial deposit of approximately $500 million on the Polygon network. The CEO of Polygon has confirmed that this transaction is indeed part of BlackRock's BUIDL deployment.#BlackRock #TokenizedFund #Polygon #BUIDL #Crypto #Blockchain #DeFi #Investment
🚀 Tokenized Fund Subscription Completed in Hong Kong Pilot Project
#TokenizedFund #HongKong #MonetaryAuthority #ForesightNews #HuaxiaFund #BankofChinaHongKong #FutuSecurities #StandardCharteredHongKong #EnsembleProject #DigitalAssets #TokenizedDeposits #MoneyMarketFund #FinancialInnovation #Blockchain #EndToEndTransaction #PilotProject #RealValueDigitalAssets
According to Foresight News, Huaxia Fund (Hong Kong) Co., Ltd. has successfully completed a tokenized fund subscription in a real-world application scenario under the Hong Kong Monetary Authority's Ensemble project pilot. This initiative was carried out in collaboration with Bank of China Hong Kong, Futu Securities, and Standard Chartered Hong Kong.
The commercial pilot achieved an end-to-end transaction process. It began with Futu initiating a tokenized deposit interbank transfer from Bank of China Hong Kong to Standard Chartered Hong Kong, culminating in the successful subscription to a tokenized money market fund under Huaxia Fund (Hong Kong). Standard Chartered Hong Kong is responsible for the custody of the fund shares. The entire process was seamlessly settled within the Hong Kong Monetary Authority's Ensemble[TX] pilot environment.
The Ensemble project has now entered its pilot phase, aiming to facilitate tokenized deposits and real-value digital asset transactions.#TokenizedFund #HongKong #MonetaryAuthority #ForesightNews #HuaxiaFund #BankofChinaHongKong #FutuSecurities #StandardCharteredHongKong #EnsembleProject #DigitalAssets #TokenizedDeposits #MoneyMarketFund #FinancialInnovation #Blockchain #EndToEndTransaction #PilotProject #RealValueDigitalAssets
🚀 JPMorgan to Launch Tokenized Money Market Fund on Ethereum
#JPMorgan #tokenizedfund #Ethereum #cryptocurrency #blockchain #moneymarketfund #financialinnovation #seedfund #digitalassets #ETH
According to BlockBeats, JPMorgan has announced plans to launch its first tokenized money market fund on the Ethereum blockchain, marking a significant step into the cryptocurrency sector. The financial giant intends to initiate the seed fund with $100 million of internal capital.#JPMorgan #tokenizedfund #Ethereum #cryptocurrency #blockchain #moneymarketfund #financialinnovation #seedfund #digitalassets #ETH
🚀 Apex Group Partners with WLFI to Pilot USD1 in Tokenized Fund System
#ApexGroup #WLFI #DeFi #tokenizedfund #USD1 #partnership #digitalassets #LondonStockExchange #Maralago #NS3AI #TrumpFamily #digitalwallets
Apex Group, which manages $3.5 trillion in assets, has announced a partnership with WLFI, the Trump family's decentralized finance (DeFi) project, to test USD1 as a payment method for fund transactions within Apex's tokenized fund system. According to NS3.AI, this collaboration was revealed at the World Liberty Forum held in Mar-a-Lago. Apex is also considering the possibility of listing WLFI's tokenized assets on the London Stock Exchange Group's digital platform. Additionally, WLFI is planning to introduce an app that will connect bank accounts with digital wallets.#ApexGroup #WLFI #DeFi #tokenizedfund #USD1 #partnership #digitalassets #LondonStockExchange #Maralago #NS3AI #TrumpFamily #digitalwallets
🚀 WisdomTree Launches 24-Hour Trading for Tokenized Money Market Fund
#wisdomtree #24hourtrading #tokenizedfund #moneymarketfund #stablecoins #digitalassets #investment #liquidity #accessibility #secapproval #WTGXX
WisdomTree has unveiled a new feature allowing 24-hour trading and instant settlement using stablecoins for its tokenized money market fund, WTGXX. According to NS3.AI, this initiative follows the SEC's approval for the fund to maintain a fixed $1 price throughout the day. The move aims to improve liquidity and accessibility for investors interested in digital money market products.#wisdomtree #24hourtrading #tokenizedfund #moneymarketfund #stablecoins #digitalassets #investment #liquidity #accessibility #secapproval #WTGXX
🚀 MemeStrategy Launches Tokenized Fund for Pokémon Collectible Cards
#MemeStrategy #TokenizedFund #PokémonCards #Collectibles #PSA10 #PikachuGreyFeltHat #VanGoghMuseum #DigitalAsset #Investment #EVIDENTPlatform #AlternativeAssets #MarketGrowth #Pokémon #RWA Labs #LoganPaul #AuctionRecords #CryptoAssets #CardMarket #BigFourAudits #PSA10Cards
On March 3, MemeStrategy, a digital asset company listed in Asia (HKEX:2440), announced the launch of the world's first tokenized fund for Pokémon collectible cards, aimed at professional investors. According to BlockBeats, the fund offers tokenized equity through the licensed alternative asset digital investment platform, EVIDENT Platform Services Limited, with the goal of establishing an institutional-grade investment channel for the collectible card market.
The fund will focus on investing in PSA 10-rated 'Pikachu with Grey Felt Hat' cards. These cards were jointly released by The Pokémon Company and the Van Gogh Museum, inspired by Van Gogh's famous self-portrait with a grey felt hat, and are part of a limited edition. The company disclosed that there are approximately 47,000 PSA 10-grade cards in circulation, with an estimated total market value exceeding $94 million. The fund aims to acquire about 25% of the PSA 10-grade cards available in the market.
Citing market data, the company noted that the global collectibles market is projected to reach $628 billion by 2031, with the collectible card segment expected to grow from $14.7 billion in 2025 to $37.42 billion by 2034. Over the past 20 years, the value of Pokémon cards has increased more than 30 times, with high-end single card auction records continuously being broken, including the 'Pikachu Illustrator' PSA 10 card, once owned by Logan Paul, which sold for $16.492 million.
In terms of structure, the fund is managed by MemeStrategy's wholly-owned subsidiary, RWA Labs Limited, which acts as the general partner (GP) and simultaneously as a limited partner (LP) for strategic investment. The physical cards are authenticated, insured, and stored in museum-grade temperature and humidity-controlled conditions by the Grade10 vault. The related assets will undergo semi-annual reserve proof audits by one of the Big Four accounting firms.#MemeStrategy #TokenizedFund #PokémonCards #Collectibles #PSA10 #PikachuGreyFeltHat #VanGoghMuseum #DigitalAsset #Investment #EVIDENTPlatform #AlternativeAssets #MarketGrowth #Pokémon #RWA Labs #LoganPaul #AuctionRecords #CryptoAssets #CardMarket #BigFourAudits #PSA10Cards
🚀 Circle's USYC Fund Experiences Significant Growth
#Circle #USYC #USTreasury #tokenizedfund #growth #NS3AI #largestfund
Circle's tokenized US Treasury fund, USYC, has seen substantial growth this month, expanding by over 41%. According to NS3.AI, this increase has positioned USYC as the world's largest tokenized US Treasury fund, surpassing its previous total value.#Circle #USYC #USTreasury #tokenizedfund #growth #NS3AI #largestfund
🚀 Amundi Launches Tokenized Overnight Swap Fund on Ethereum and Stellar
#Amundi #TokenizedFund #OvernightSwap #Ethereum #Stellar #SPIKO #Treasury #FinancialInstitutions #ProfessionalInvestors #DigitalAssets #ETH #XLM
Amundi has introduced the Spiko Amundi Overnight Swap Fund, a tokenized sub-fund of SPIKO SICAV, on the Ethereum and Stellar networks with $100 million in committed assets. According to NS3.AI, this fund is designed for treasury and collateral purposes, targeting corporates and financial institutions. Professional investors who meet eligibility criteria can access the fund through Spiko, with options for subscriptions and redemptions in EUR, USD, GBP, and CHF.#Amundi #TokenizedFund #OvernightSwap #Ethereum #Stellar #SPIKO #Treasury #FinancialInstitutions #ProfessionalInvestors #DigitalAssets #ETH #XLM
🚀 Plume Network Tests Payroll System for Tokenized Fund Investments
#PlumeNetwork #PayrollSystem #TokenizedFund #WTGXX #WisdomTree #NS3AI #Toku #EmployeeTrial
Plume Network has initiated a pilot program allowing its employees to allocate a portion of their salaries into shares of WisdomTree's tokenized money market fund, WTGXX, instead of receiving cash. According to NS3.AI, this system was developed in collaboration with payroll provider Toku and asset manager WisdomTree. Currently, the trial is exclusively available to Plume employees.#PlumeNetwork #PayrollSystem #TokenizedFund #WTGXX #WisdomTree #NS3AI #Toku #EmployeeTrial