Securitize Acquires MG Stover’s Unit to Become Largest Digital Asset Fund Administrator
The deal expands Securitize Fund Services’ offerings and brings its assets under administration to over $38 billion across 715 funds, the company said.
Tokenized Assets
Blockchain Data Provider Chronicle Raises $12M to Expand Infrastructure for Tokenized Assets
Blockchain oracles like Chronicle are key piece of infrastructure to connect blockchain-based assets with off-chain data.
China’s CPIC Rolls Out $100M Tokenized Fund with HashKey as RWA Trend Expands in Asia
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.
Fidelity Files for OnChain U.S. Treasury Fund, Joining the Asset Tokenization Race
Tokenized money market funds has grown sixfold in a year to 4.8 billion, currently led by BlackRock’s product.
BlackRock’s BUIDL Fund Tops $1B with Ethena’s $200M Allocation
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.
Bahrain-Regulated Crypto Exchange Enters $1B Tokenized Gold Market as RWA Demand Grows
Gold-backed tokens have enjoyed a resurgence in activity recently as gold prices hit record highs.
Tokenized Asset Manager Superstate Registers Transfer Agent with SEC
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.
Stablecoin Market Cap Hits $200B Milestone, Could Double in 2025 as Adoption Accelerates
Asset manager Bitwise sees the stablecoin market growing to $400 billion next year, with U.S. legislation, fintech adoption and global payments driving the growth.
Tether Unveils New Platform to Simplify Asset Tokenization for Businesses, Nation-States
The tokenization platform is part of Tether’s ambition to diversify its business from issuing the $126 billion USDT stablecoin.
Franklin Templeton Expands $410M Money Market Fund to Ethereum Blockchain
Franklin Templeton has expanded the trading of its OnChain U.S. Government Money Market Fund to the largest blockchain, Ethereum.