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JPMorgan says tokenized Treasuries to challenge but not fully replace stablecoins

The market for tokenized Treasuries is growing and could challenge stablecoins’ dominance, JPMorgan analysts said. However, analysts noted that regulatory restrictions and liquidity concerns suggest tokenized treasuries may only partially replace stablecoins.

theblock.co • 25/10/2024 - 14:50 PM

Regulatory uncertainty is a barrier to the institutional adoption of tokenized money market funds: analyst

According to an analyst, the potential for adverse regulatory intervention remains a major obstacle to the broader adoption of tokenized money market funds among institutional investors. The analyst added that while there is growing institutional interest in using tokenized assets like BlackRock’s BUIDL as collateral in crypto derivatives trading, adoption hinges on regulatory clarity and developing foundational infrastructure.

theblock.co • 25/10/2024 - 11:37 AM

The Daily: Nigeria drops charges against Binance exec, Buterin hits back against Saylor's comments on regulated bitcoin custody and more

Nigeria drops charges against Binance exec Gambaryan; Buterin critiques Saylor; Bernstein predicts $200K bitcoin price by 2025; Variational raises $10.3M; Tesla retains 11,509 BTC.

theblock.co • 23/10/2024 - 17:33 PM

Michael Saylor’s comment on regulated bitcoin custody draws criticism from Vitalik Buterin

Vitalik Buterin criticizes Michael Saylor's views on regulated Bitcoin custody, defending self-custody as essential for decentralization and security while questioning reliance on regulated entities.

theblock.co • 23/10/2024 - 10:49 AM

Nomura-backed Komainu to acquire crypto custodian Propine amid Singapore expansion

Nomura-backed Komainu announced Tuesday that it is acquiring Singapore-based custodian Propine, pending approval from the MAS. Komainu said that the acquisition is expected to strengthen its presence in Singapore.

theblock.co • 22/10/2024 - 04:11 AM

The Daily: DBS introduces tokenized banking services, BlackRock's Bitcoin ETF attracts $1 billion in less than a week and more

DBS, Singapore’s largest bank, has launched “DBS Token Services,” a new suite of blockchain-based products designed to enhance liquidity management and streamline operations for institutional clients. BlackRock’s spot Bitcoin ETF added another $309 million in net inflows on Thursday, contributing to more than $1 billion worth of positive inflows for its IBIT product this week alone. The SEC filed a “Civil Appeal Pre-Argument Statement” late Thursday, seeking to challenge the U.S. District Court for the Southern District of New York’s prior judgment in its ongoing case against Ripple. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 18/10/2024 - 18:16 PM

Singapore's biggest bank DBS introduces 'Token Services' to enable blockchain-based banking

DBS Bank launches DBS Token Services for institutional clients, integrating blockchain technology with banking services to optimize liquidity management and enhance payment workflows.

theblock.co • 18/10/2024 - 09:25 AM

Euroclear eyes Asia’s blockchain potential with stake acquisition in Singapore’s Marketnode

Euroclear has acquired a stake in Marketnode, entering Asia's blockchain market to enhance fund management and settlement times, joining major shareholders like SGX Group and Temasek.

theblock.co • 18/10/2024 - 06:20 AM

Thailand’s Siam Commercial Bank introduces stablecoin service for international payments

SCB said its stablecoin service for international payments has been “fully commercialized” after graduating from the central bank’s regulatory sandbox. The bank said the service enhances cross-border transaction efficiency by using stablecoins for settlement.

theblock.co • 17/10/2024 - 06:12 AM

JPMorgan bullish on crypto into 2025, considering a Trump win and other factors

JPMorgan analysts predict a bullish outlook for cryptocurrency in 2025, driven by factors like the debasement trade, regulatory developments, and increased institutional interest.

theblock.co • 15/10/2024 - 18:47 PM

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