Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.
Highlights 🧵:
1/ Tokenization Platform Libre expanded to Solana, offering access to the on-chain Hamilton Lane SCOPE fund, the Brevan Howard Master Fund, and the Blackrock ICS Money Market Fund. As the first RWA fund on Solana, Libre’s expansion has amassed nearly US$20 million in Total Locked Value ("TVL") even before its public launch. Libre CEO Avtar Sehra stated that Solana's importance to financial services is quite significant around secondary trading, with capabilities of increased throughput and reduced latency between transactions.
2/ Jito announced Jito Restaking, a platform for hybrid staking, restaking, and LRTs. The protocol will consist of two main components, the vault program which handles Liquid Restaking Tokens ("LRTs") and the restaking program which manages Jito's Actively Validated Services ("AVS"). The Jito Foundation has submitted the code for audits and published the open-source code on GitHub for independent developer review.
3/ Binance U.S. has obtained court approval from the District Court of Columbia to invest customer assets in U.S. Treasury Bills. Under an order signed by Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia, Binance U.S. must collaborate with third-party investment advisers to manage the assets of BAM Trading Services Inc. and BAM Management US Holdings Inc, and is required to transfer cryptocurrency to a third-party custodian unaffiliated with the exchange to comply with strict regulatory standards.
Check out our latest publications from this week 🔎: Q2 State of Crypto: Market Pulse
