Citi (NYSE:C) says it has successfully completed a proof of concept regarding the tokenization of private funds. The firm partnered with WisdomTree and Wellington Management on the project. Tokenization refers to the digitization of assets, including securities. Typically, a tokenized asset will utilize blockchain or distributed ledger technology to accomplish this task. Citi states that it utilized Avalanche Spruce to test the […]
Oasis Pro’s suite of products provide critical infrastructure needed for regulated financial institutions to tokenize and manage financial products on-chain NEW YORK / SAN FRANCISCO, Sept. 13, 2023 – Oasis Pro, a leading digital asset securities infrastructure provider enabling tokenization, transfer agent service, and broker-dealer / ATS (alternative trading system) services, today announced an integration […]
Security Token Market estimates that there are currently $16.5 billion of security tokens trading in the secondary market. JPMorgan claims to have processed almost $700 billion of tokenized short-term loans. Broadridge is currently using a blockchain based repo platform for $1 trillion per month in transactions. Boston Consulting Group and the World Economic Forum suggest […]
Real estate security token offerings and the secondary market: Driven by crypto hype or fundamentals?
“Digitization is transforming various industries, including the financial and real estate sectors. We highlight the new way of securitizing assets, using the blockchain and digital security tokens and their issuance processes through STOs. Real estate has been identified as a suitable market for tokenization due to this technical innovation overcoming the drawbacks of direct real […]