Happy thanksgiving to our community in Canada! 🥧 🦃 🇨🇦 🍁 | Polymesh on Binance Square

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Happy thanksgiving to our community in Canada! 🥧 🦃 🇨🇦 🍁 🍂
Grateful for you, of course 🫶🏻🫶🏼🫶🏽🫶🏾🫶🏿

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Don't forget to read our report on the asset tokenization market in South Korea 🇰🇷, including its appeal, popular asset types for #tokenization, its recent performance, and future predictions. https://t.co/k0E5xrNHMw Key takeaways from our research on Korea's #RWA landscape include: 📌 Digital assets in South Korea could be booming: South Korea is rapidly advancing in asset tokenization, with the security token market expected to reach US$287 billion by 2030, driven by regulatory support and growing demand for RWA tokenization. 📌 Strong government support: The South Korean government, including President Yoon Suk Yeol, is fostering a pro-crypto environment, with active regulation to promote growth while protecting investors. This is fueling the popularity of tokenized assets like real estate, equity, and commodities. 📌 Tokenization of real world assets: South Korea is pioneering the tokenization of diverse assets, from real estate and intellectual property to Korean beef and shipping finance, providing new investment opportunities and improving market liquidity. 📌Focus on innovation hubs like Busan: Busan is positioning itself as South Korea’s blockchain hub, with initiatives like the Busan Digital Asset Exchange (BDX) promoting tokenization and global collaboration, signaling the country’s commitment to becoming a leader in Web3 and digital asset markets. #Korea #SouthKorea #Blockchain #DigitalAssets

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Big round of applause for @BitwavePlatform and these other early companies embracing Polymesh and increasing functionality through integrations, interoperability, and solutions 👏🏽 @ABCtokens @AlphaPointLive @BDACSKorea @binance @BlackMantaCap @dfnsHQ #DigiClear @DigiSharesDK @EntoroCapital @etanacustody @fortunacustody @Fractal_ID @HuobiGlobal @jumio #KDAC @Marketlend_ @Naya_One @NetkiCorp @NovaWalletApp @OnChainListings #otcDigital @PolymathNetwork @RadiumBlock @razefinance @REtokensUSA @saxonxyz @sorsdigital @Stably_Official @wearetalisman @TokeniseLDN @TokenTraxx @Zenith_dApps @_zondax_

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A word we expect to see more in 2025: permissioned. We've already seen reports by major consulting firms and forums such as EY and the GFMA cite permissioned blockchains as the blockchains of choice for regulators and large institutions. From our own discussions in the industry and with political players, we know the benefits of permissioned infrastructure are what's on many regulators' minds. We predict permissioned blockchains like Polymesh to play a central role in the tokenization of #RWA in coming years. Here's why. 1⃣ Regulatory requirements: Permissioned blockchains enable compliance with Basel guidelines, jurisdiction-specific regulations as well as future changes. 2⃣ Onchain governance: A permissioned architecture enforces decision-making processes and rule changes that are transparent, equitable, and aligned with stakeholder interests. 3⃣ Control mechanisms: Permissioned blockchains provide granular access controls and role-based permissions, allowing only authorized participants to transact or validate for greater security and trust. Permissioned infrastructure enables financial market participants to maintain controlled access, adhere to regulatory requirements, and foster trust when dealing with issuers and investors. #Permissioned #Blockchain #Tokenization #RWA

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📰 We're thrilled to announce a strategic collaboration with @BitwavePlatform! 🌟🌊 Supported by the Polymesh Ecosystem Development Fund, Bitwave is developing a native integration with Polymesh that will further elevate financial compliance, reporting, and operational efficiencies for projects on the Polymesh network. This integration empowers financial institutions with streamlined financial workflows, enabling them to uplift their accounting and financial operations through essential enterprise-grade solutions for regulated assets. These new efficiencies in financial compliance and reporting will help businesses in regulated ecosystems––such as those involved in the tokenization of #RWA––to automate and optimize their accounting processes while meeting the highest standards of financial reporting, such as the US GAAP and IFRS. Specifically, this integration will bring granular cost-basis tracking, pricing analysis, and automated transaction categorization to Polymesh, enabling projects on the public permissioned network to leverage best-in-class tools for financial compliance. Read more about the benefits of this integration for the Polymesh ecosystem in our blog post! https://t.co/DRBWpaEWbs #CryptoNews #BlockchainNews #Tokenization

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Josh Savage, the highest-grossing independent UK Music NFT artist, is dropping his Music NFT through TokenTraxx on Polymesh! https://t.co/ID7du1ggUG In an exclusive interview with Polymesh 👆🏽, Josh revealed how tokenization on Polymesh is a route to survival: "The traditional route in music is broken. It's not sustainable for us artists. We used to be able to rely on selling our music as CDs and MP3s and now we get very little income. We spend thousands of dollars to just create, and also hours. Even touring is not sustainable anymore because energy prices are so high now." Record deals often require artists to sign away as high a 85% of future income from their songs. For Josh, a better way of producing music has been through Music NFTs, which offer a way to sell music free from predatory intermediaries and empower artists to rely on third parties they want rather than need. Tokenizing his music on the blockchain offered Josh an alternate route to monetization, enabling him to make more music–although the best part for him was seeing his fans gain from it. Josh's story goes to show the power of blockchain for the creative arts and performing space. Watch the interview to hear what Josh's NFT on Polymesh entails for token holders and the industry more widely! @joshsavagemusic @TokenTraxx #MusicNFT #NFTCommunity #NFT

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