Crypto Biz: Peter Thiel eyes the SVB throne

Crypto Biz: Peter Thiel eyes the SVB throne

Peter Thiel and other billionaires are planning Erebor, a new bank to fill the void left by Silicon Valley Bank’s collapse — with crypto firms and startups in focus. Peter Thiel and other tech billionaires have reportedly spotted a major market opportunity in the void left by Silicon Valley Bank’s (SVB) 2023 collapse. They are…

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0M Ondo Catalyst fund signals ‘arms race’ for RWA tokenization

$250M Ondo Catalyst fund signals ‘arms race’ for RWA tokenization

Ondo Finance and Pantera Capital are launching a $250 million fund to fuel tokenized real-world asset projects. DeFi protocol Ondo Finance and venture firm Pantera Capital plan to ramp up investments in real-world assets (RWAs), highlighting the industry’s increasing focus on tokenization amid favorable regulatory developments in the United States. Both companies informed Axios that…

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Hong Kong reveals new stablecoin rules and tokenized bond plans

Hong Kong reveals new stablecoin rules and tokenized bond plans

Hong Kong updated its digital asset strategy regarding stablecoin licensing and tokenization of real-world assets by introducing its LEAP framework for market growth. Hong Kong’s latest digital asset blueprint places stablecoin regulation and asset tokenization at the heart of its strategy to become a global crypto and fintech hub. The policy statement, issued on Thursday,…

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JPMorgan, SEC meet to discuss capital markets moving onchain

JPMorgan, SEC meet to discuss capital markets moving onchain

Three JPMorgan executives met with the SEC’s Crypto Task Force to discuss which capital markets instruments could move onchain and how to best navigate the change. Executives with America’s biggest bank met with the Securities and Exchange Commission’s Crypto Task Force to discuss digital asset regulation and potential ramifications of capital markets moving onchain. The…

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Tokenized funds are scaling fast, hitting .7B — Moody’s

Tokenized funds are scaling fast, hitting $5.7B — Moody’s

Moody’s finds growing institutional demand for tokenized money market funds, citing benefits in liquidity, compliance and operational efficiency. Tokenized short-term funds, a new class of digital financial products bridging traditional and decentralized finance, have grown to reach $5.7 billion in assets since 2021, according to a new Moody’s report.  The credit rating service sees growing…

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VC Roundup: Twenty One investors inject 0M into BTC treasury, Jump Capital backs Securitize

VC Roundup: Twenty One investors inject $100M into BTC treasury, Jump Capital backs Securitize

Twenty One Capital, Securitize, aZen, Savea and Dexari headline a less active month for crypto venture capital. May was a quieter month for crypto venture capital, but notable raises by tokenization platforms and a Hyperliquid wallet indicate that dealmaking remains active.  Perhaps the biggest development was the ongoing momentum for Twenty One Capital, the Bitcoin…

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Midas launches tokenized T-Bill on Algorand

Midas launches tokenized T-Bill on Algorand

The first atomic swap, conducted on May 27, saw $2 million in USDC exchanged for the new mTBILL. German tokenization protocol Midas has launched a tokenized US Treasury bill on the Algorand blockchain, offering European investors exposure to yield-bearing government bonds with no investment minimum required.  The mTBILL is a tokenized certificate that references short-term…

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New Jersey county to tokenize 0B property deeds

New Jersey county to tokenize $240B property deeds

Blockchain land record management firm Balcony has signed a five-year deal with officials in New Jersey’s Bergen County to tokenize 370,000 property deeds onchain. A New Jersey county is set to tokenize $240 billion worth of property deeds after signing a deal with the blockchain-backed land record management firm Balcony. Balcony said on May 28…

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