🚀 The news this week in #crypto, #tokenization, and #stablecoins just kept coming. From 24/7 #OnChain financing to banks eyeing stablecoin custody, TradFi and DeFi keep converging... We know it’s not the first time we’ve said that, and it won’t be the last.
Time short? Here’s the TL;DR from the RWA Weekly 🧵👇🕉️
1/ 🏦 Tokenization milestone
@digitalassetcom + a consortium executed the first-ever real-time, fully on-chain financing of US Treasuries vs USDC on Canton Network via Tradeweb.
3/ 🏛️ @GSR_io + @DigiFTTech launch OTC trading for tokenized #RWAs — Invesco, UBS, Wellington funds—7 days/week for accredited institutions during Asian hours. Liquidity for RWAs is going global 🌏.
4/ 🔗 @vechainofficial joins @FTI_Global $800M+ Benji platform to expand tokenized financial instruments across blockchains—bringing instant settlement & low-cost transactions for institutional clients.
5/ 💵 @OpenEden_X taps @BNYglobal as custodian for its tokenized UST fund (~$300M AUM). Direct exposure to short-dated Treasuries & repos, tokenized for 24/7 access.
6/ 📈 @DinariGlobal launching a Layer-1 blockchain just for tokenized equities. @vaneck_us, @BitGo & @Gemini will run validators—streamlining infrastructure for equity tokenization.
7/ 🏢 @BankofAmerica sees growing institutional RWA tokenization—especially real estate. Reminder - Dubai aims to tokenize $16B in property by 2033.
8/ 💠 Stablecoins
@circle unveils Arc, a new Layer-1 built from the ground up for stablecoin-native finance. A whole chain optimised for $USDC and stablecoin apps.
9/ 💧 @coinbase revives its Stablecoin Bootstrap Fund—deploying on @aave , @MorphoLabs , @KaminoFinance and @jup_dao to boost $USDC liquidity in DeFi.
10/ 🏦 @Citi explores stablecoin custody & payment services as new U.S. law clears the path for mainstream usage.
11/ 🏛️ Regulation:
Belarus 🇧🇾 embraces BTC & crypto policy.
South Korea 🇰🇷 fast-tracks stablecoin regulation.
SEC’s @HesterPeirce says tokenization models should compete in the market.
12/ 💥 IPOs & markets:
@Bullish exchange’s NYSE debut sees shares spike >200% intraday before settling +~85% from IPO price. @ARKInvest buys $172M in shares.
13/ 🛡️ Security and scams:
➡️ Do Kwon pleads guilty in U.S. fraud case.
➡️ OFAC sanctions stablecoin-based sanctions evasion networks.
➡️ Google Play to require wallet licensing in key markets.
14/ 🚀 Adoption:
➡️@Paxos applies for U.S. national trust bank charter.
➡️ @blueorigin accepts crypto payments for space flights.
➡️@BitPay adds full Solana support for SOL + stablecoins.
We’re thrilled to welcome our third cohort of validators; Vault Staking, Polkachu, Stakecito, NTT (Slack), UOB, Paysafe and Cointelegraph to MANTRA, which will further strengthen our network security and further decentralize our governance process.
Our first validator @VaultStaking is a progressive staking, infrastructure, and software provider for blockchain projects.
Supporting 112 blockchain networks as validator/node operator, @polka_chu was founded by a group of technology professionals focussed on providing the highest quality infrastructure and services for public blockchain networks. Polkachu believes in a decentralized future and aims to support it as a blockchain validator.
1/ Dive into what makes #HongbaiTestnet a game-changer!🧵
🛠️ Testnet Phase 1 Recap: We started our journey with Testnet Phase 1 back on Nov 8, 2023. With 100 validators onboard, we've clocked over 1.5M blocks, boasting an average block time of just 6.34 seconds.
2/ 🔥Battle-Tested and Ready for More
Now, we're diving into the next phase with Hongbai Testnet. Our team's relentless dedication has primed the MANTRA Chain’s platform for the challenges that lie ahead.
3/ What’s Hongbai Testnet?
The Hongbai Testnet is a crucial component of MANTRA Chain's development process. It serves as a sandbox environment where developers can test and refine new features and functionalities before they're deployed on the mainnet.
1/ Shaping the future of #RWA Tokenization across Asia and the MENA region, 𝘄𝗲'𝘃𝗲 𝘀𝘂𝗰𝗰𝗲𝘀𝘀𝗳𝘂𝗹𝗹𝘆 𝗿𝗮𝗶𝘀𝗲𝗱 $𝟭𝟭𝗠 led by @ShorooqPartners, a prominent venture and technology investor in the MENA region
2/ A heartfelt thank you to our investors including Three Point Capital, Forte Securities, Virtuzone, Hex Trust, GameFi Ventures, Caladan, Token Bay Capital, BlackPine, Mapleblock, Fuse Capital, 280 Capital and others, for joining us on this journey.
3/ This investment fuels our journey to create regulatory-compliant infrastructure for RWAs & empower developers with the necessary tools to innovate on MANTRA Chain. Our goal? To Unlock the $16 Trillion RWA economy with a regulation-ready blockchain that meets global standards.