According to ChainCatcher, RWA.xyz data shows that the total value of tokenized U.S. Treasuries exceeds $3 billion.

The total market value of tokenized assets increased by 32% in 2024, with tokenized U.S. Treasuries rising by 179%, private credit rising by 40%, and commodities rising by 5%.

According to Deep Tide TechFlow, on December 16, DefiLlama data shows that the total market value of stablecoins has exceeded $203 billion, currently at $203.196 billion, continuing to set a new historical high.

In the past week, it has grown by 1.98%, and the current market share of USDT is 69.13%.

According to Foresight News, Hong Kong media Sing Tao Daily revealed that Libeara, a tokenized platform nurtured by Standard Chartered's SC Ventures, will launch a US dollar tokenized money market fund in Singapore this month, initially on the Ethereum mainnet.

Alexandre Deschatres, Libeara’s head of business development, said that before the full launch of the chain, it will work with Wellington Asset Management and Fundbridge to assess the liquidity of U.S. Treasuries.

According to Odaily Planet Daily, the Hong Kong Monetary Authority launched the "Digital Bond Funding Scheme" today, aiming to promote the development of the digital securities market and encourage the capital market to use tokenization technology more widely.

Eligible digital bonds issued in Hong Kong can receive a subsidy of up to HK$2.5 million. The subsidy scheme is open for application from today and will initially last for three years. The HKMA has detailed the details of the subsidy scheme in the guidelines.

According to ChainCatcher, Schindlers Digital Assets has partnered with Schindlers Attorneys and Broll Auctions and Sales to develop South Africa’s first legally compliant process that enables cryptocurrency holders to purchase real estate with Bitcoin or Ethereum.

Schindlers Digital Assets is a financial services provider that provides cryptocurrency conversion services in compliance with financial regulations, specifically for cryptocurrency holders in South Africa.

The partnership sees Schindlers Attorney handle the legal transfer process, while Broll Auctions handles the real estate auction.

According to PANews, Tether Holdings Ltd. is trying to convince Turkey to use digital assets to reform the boron market. People familiar with the matter revealed that Tether proposed to use blockchain technology to create digital tokens representing borate minerals and establish a digital asset exchange in Istanbul.

Turkish government officials said the boron proposal could not be implemented at this time, and energy ministry officials said negotiations with Tether were still in the early stages. Turkey's boron reserves account for more than 70% of the world's total reserves, with sales expected to reach $1.3 billion in 2024.

High inflation and a depreciating lira have boosted cryptocurrency adoption in Turkey. Chainalysis data shows that Turkey received nearly $137 billion in cryptocurrency inflows in the 12 months ending in June this year, ranking seventh in the world.

According to BlockBeats, Eric Trump, the second son of former US President Trump, will speak at the Bitcoin MENA 2024 conference in Abu Dhabi in December.

The Bitcoin MENA conference will be held on December 9-10.

According to Cointelegraph, 2024 will see a breakthrough in the field of RWA tokenization, with significant growth expected by the end of the decade. A research report from Tren Finance shows that the RWA market size may grow more than 50 times by 2030, reaching $4 trillion to $30 trillion. If it reaches the mid-point forecast of $10 trillion, it would be a 54-fold increase from the current $185 billion.RWA tokenization is expected to capture a significant share of global financial markets, reshaping investing, trading, and asset ownership. Tren Finance pointed out that the integration of traditional finance and blockchain technology is fundamental to the transformation towards a more efficient and dynamic financial ecosystem. Stablecoins currently dominate the RWA market, valued at over $170 billion, compared to just $2.2 billion for on-chain securities and treasuries. RWA tokenization can bring significant advantages across industries, especially in the financial sector, making transactions faster and cheaper and eliminating third-party intermediaries and geopolitical borders. Christian Santagata, product marketing manager of RWA protocol re.al, said that the combination of RWA tokenization and DeFi will bring endless possibilities, improve capital efficiency and introduce new financial primitives.

Author: Olga Kharif, Elijah Nicholson-Messmer, Bloomberg; Translated by: Tao Zhu, Golden Finance

Cryptocurrencies were invented at the height of the 2008-2009 financial crisis to offer an alternative to banks. Many of Wall Street’s banks and financial institutions, which initially scoffed at the dreams of enthusiasts known as “cypherpunks” about 15 years ago, are now not only getting into the cryptocurrency business but also adopting the underlying blockchain technology.

While that might strike cryptocurrency enthusiasts as undermining the technology, banks are looking at the bottom line and seeing where to make money. They are attracted to blockchain technology because of its ability to "tokenize" traditional assets such as stocks and Treasuries, making them faster and cheaper to trade. Critics say Wall Street institutions are not only adopting but also using the technology to generate fees - similar to how financial firms turned low-cost, low-touch exchange-traded funds into a healthy business.

According to TechFlow, on October 14, the Central Bank of the United Arab Emirates (CBUAE) approved in principle the stablecoin issuance license of AED Stablecoin in accordance with its regulatory framework for payment token services. This makes AED Stablecoin the first institution in the UAE to be approved to issue a stablecoin pegged to the dirham.

If finally approved, the AE Coin issued by AED Stablecoin will be available as a native trading pair for cryptocurrency transactions and allow merchants to accept it as payment for goods and services.

The CBUAE’s licensing framework requires stablecoin issuers to hold their assets entirely in cash in segregated custody accounts at UAE banks, or to hold at least 50% of reserve assets in cash, with the remainder invested in UAE government bonds and CBUAE currency notes.

According to Odaily Planet Daily, the Hong Kong Monetary Authority and the Central Bank of Qatar held a bilateral meeting in Doha on October 3 (Doha time) to strengthen cooperation in the financial services sector between the two places.

During the meeting, the two sides discussed a number of cooperation plans, including sharing of experience in financial infrastructure, capital market connectivity, sustainable finance, bond market development, digital assets and talent cultivation.

According to Bloomberg, Wall Street giants such as BlackRock and Franklin Templeton have made significant progress in using tokenized money market funds as trading collateral. A panel of the CFTC's Global Markets Advisory Committee voted to approve the relevant guidance.

The full committee is expected to vote on the recommendations later this year, which would apply existing policies and procedures to support the use of blockchain as non-cash collateral to comply with margin requirements of the CFTC, other U.S. regulators and derivatives clearing organizations.

If the proposal is fully approved, the use of tokenization is likely to increase, with many businesses looking to pledge tokenized collateral to gain capital efficiency. McKinsey estimates that the total tokenization market, excluding stablecoins, could be in the trillions of dollars. Crypto prime brokers Hidden Road and FalconX have already begun accepting BlackRock's BUIDL token as collateral.

Odaily Planet Daily News According to official news, Ripple announced that it has obtained in-principle approval for a financial services license from the Dubai Financial Services Authority (DFSA), unlocking its end-to-end managed payment services in the UAE. Ripple will expand its services from the Dubai International Financial Center (DIFC) and introduce seamless cross-border payment services in the UAE, including Ripple Payments Direct (RPD). With the authorization of the DFSA, Ripple will launch its enterprise-level digital asset infrastructure to a wider customer base in the UAE. This expansion is in line with Ripple's mission to provide enterprises with faster, more cost-effective and more efficient cross-border payment solutions by combining regulatory compliance with continued investment in key infrastructure components such as liquidity, custody, and deposit and withdrawal channels between fiat currencies and digital assets.

According to Odaily Planet Daily, data disclosed by Bloomberg Crypto on the X platform showed that Dubai now has 40 hedge funds with a scale of over US$1 billion, and the hedge fund market is in a prosperous development stage.

The United States is also reportedly negotiating with the UAE on artificial intelligence.

According to ChainCatcher, Chen Shouxin, chairman of the Monetary Authority of Macao, revealed that the initial idea is to launch soft and hard wallets for the "digital Macau dollar".

A "hard wallet" can be in the form of a "card" and combined with smart devices, making it convenient for the elderly and children to use; a "soft wallet" is launched in the form of a mobile phone application.

The “Digital Macau Pataca” has the same legal status as cash, and the “Digital Macau Pataca” can be used for payment in scenarios where cash is used. At the wholesale level, it is mainly used by regulated financial institutions, involving application scenarios such as transfers and financial transaction settlements.

According to BlockBeats, on September 23, digital asset banking group Sygnum said it had obtained a crypto license from Liechtenstein, paving the way for its expansion into the European Union under the EU's (Crypto Asset Market Regulation) (MiCA).

The bank’s subsidiary in Liechtenstein received a license that allows it to provide regulated digital asset services, including brokerage, custody and banking services.