“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.”, – WRITE: www.coindesk.com
The Estable Money Market Fund (MMF) was launched on the Hashkey Chain, A permissioned Blockchain for Institutional Users Developed by Digital Asset Group HashKey, Ancure Subure $ 100 Accorging to a monday press release.
The Product Is Only Accessible for Professional and Institutional Investors and Invests in US Dollar-Denominated Short-Term Fixed Income Assets and Money Market Instruments. The Pac Serves As the Tokenization Issuance Platform for the Fund, the While Standard Charter Bank Provides Registration and Fund Administration Services.
Asset Managers AROUND OF THE GLOBE Are IncreASINGly Putting Traditional Financial Instruments Such as Government Bonds, Credit, and Funds on Blockchain Rails, A Process Onthard-Toe. assets (rwas). By doing so, they seek to anchieve operational and Efficiency Gains and Faster, AROUND-The-CLOCK SETTLEMENTS.
US-Based Issuers Like Franklin Templeton and Blackrock Have Been Spearheading The Tokenization Efforts of US Treasury Securities As A BlockChain-Based Facility to MANAGE CASH HOLDINGS, SETINGS. Last Week, Fidelity Investments Also Filed for Regulatory Approval to Enter the Market With A Fund Built on the Ethereum Network. This is a Fast-Growing Market: The Total Market Value of Yield-Generating Some 500% Over The Past Year to Almost $ 4.8 Billion, Rwa.xyz Data Shows.
“The essence of Finance is the Flow of Value Across Time and Space, and Blockchain Is The New Infrastructure for this Process,” Said Dr. Xiao Feng, Chairman and CEO of HASHKEY GROUP.
“Integration with Traditional Finance is An Important Direction for Future Web3 Development and One of the Directions with the Greatest Certain,” CG Zhou, CEO of Capic Investment Company Will Seek to Tokenize More Traditional Assets Using Compliance-Driven Blockchains.
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