Boerse Stuttgart Unveils Pan-European Settlement Platform for Tokenized Assets
The blockchain-based Seturion platform is designed to unify post-trade systems for tokenized assets and reduce settlement costs by up to 90%.
Binary trading platforms with better performance and payouts
Tokenized Assets
The blockchain-based Seturion platform is designed to unify post-trade systems for tokenized assets and reduce settlement costs by up to 90%.
The inaugural transaction State Street anchored was a $100 million digital commercial paper issuance by OCBC.
The Nasdaq-listed firm has tapped Superstate’s equity tokenization tool to make its shares available on the blockchain.
The deal expands Securitize Fund Services’ offerings and brings its assets under administration to over $38 billion across 715 funds, the company said.
Blockchain oracles like Chronicle are key piece of infrastructure to connect blockchain-based assets with off-chain data.
Asset tokenization is a red-hot sector in crypto as asset managers around the globe are increasingly leveraging blockchain rails for traditional instruments like bonds and funds.
Tokenized money market funds has grown sixfold in a year to 4.8 billion, currently led by BlackRock’s product.
BUIDL is a key building block for multiple yield-generating offerings as a reserve asset, and it’s increasingly used as collateral on trading platforms.
Gold-backed tokens have enjoyed a resurgence in activity recently as gold prices hit record highs.
Superstate Services will first support the firm’s two funds with plans to expand services to other issuers as the market for tokenized securities grows.