Sandstone/Jameson
The Future of Finance is Digital
Owners of smaller fund stakes, often ranging from $1m to $20m, have found themselves underserved by the lack of market infrastructure. These investors face challenges in finding buyers for their stakes and often struggle to attract the attention of established intermediaries According to a recent whitepaper by Palico, Secondaries is a rapidly growing market both […]
There have been numerous articles about funds such as Blackstone promoting tokenization but banks are also increasingly active in trading and wealth management. According to a Citi report, tokenisation of financial and real-world assets could be the use case driving blockchain’s breakthrough, with tokenisation expected to reach up to almost $4 trillion in value by […]
Tokenization is the key to secondary trading of alternative investments – especially illiquid investments such as real estate. Tokens convert LPs from illiquid to liquid investments. General partners (GPs) are increasingly looking at secondaries to provide liquidity for their limited partners (LPs), while LPs are embracing the market as an effective portfolio management tool. In […]
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 […]
An October 5th, 2023 article in Bloomberg News highlighted the growing role of Singapore as an Asian financial hub competing with Hong Kong in several key financial and wealth management niches. Wealth overseen by the asset management industry has doubled in just six years, to about $4 trillion, according to central bank figures, and about 80% of […]