The deal expands Securitize Fund Services’ offerings and brings its assets under administration to over $38 billion across 715 funds, the company said. What to know: Securitize has acquired MG Stover’s fund administration business, making it the largest digital asset-focused fund administrator. The acquisition allows its subsidiary Securitize Fund Services to oversee $38 billion in assets across 715 funds, including BlackRock’s tokenized U.S. Treasury fund. The deal highlights the growing consolidation in the booming digital asset tokenization space to offer a full stack of services. Securitize, one of the largest tokenized asset issuers, said on Tuesday it has acquired MG…
Author: Tokenized Toast Club
J.P. Morgan’s blockchain platform, Kinexys, has introduced support for GBP-denominated payments for its corporate clients. This move allows clients to conduct real-time transactions in GBP via blockchain-based accounts. The service complements existing support for USD and EUR. Specifically, the rollout allows clients to initiate and settle payments around the clock, including on weekends. Two early adopters of the GBP offering include SwapAgent, part of the London Stock Exchange Group, and commodities trading firm Trafigura. According to representatives from JPMorgan, this marks one of the earliest operational deployments of a blockchain payment service in the UK with active corporate users. Integration…
Eternex Network (eTRNX) introduces a next-generation blockchain ecosystem designed to transform how people save, invest, and transact. Built on the fast and efficient Tron blockchain and enhanced by AI-powered innovation, eTRNX is crafted to empower individuals and businesses across Africa, Asia, and the Middle East with accessible, transparent, and decentralized financial tools. With the Initial Exchange Offering (IEO) currently live, early supporters have the unique opportunity to join a project focused on delivering real-world blockchain utility where it matters most. The Mission: Financial Inclusion Without Borders eTRNX aims to deliver secure, low-cost, and accessible financial services that go beyond conventional…
Though the crypto and digital assets industry has experienced its share of fads over the past few years, it has also given rise to transformative technologies like stablecoins and blockchain. These innovations are reshaping the financial landscape. Among them, tokenization has seen growing adoption by the world’s largest financial players—a trend that shows no signs of slowing down. In his latest report, Tokenization: Growth Trend or Fad?, Joel Hugentobler, Analyst of Cryptocurrency at Javelin Strategy & Research, explores the growing use cases for tokenization, the increasing interest from institutional investors, and the steps financial institutions should take to embrace…
There’s a news report circulating that China announced it had linked its digital RMB cross border payment system to ten ASEAN countries and six Middle Eastern jurisdictions. We have not been able to trace this to a reliable source, so it may be fake news. However, the substance of the report is not a million miles from the facts. It’s likely jumping the gun by a few years. China is a member of mBridge, a cross border payments joint venture using central bank digital currency (CBDC). The Chinese end of any payments uses its digital RMB CBDC, but mBridge does not belong…
On Tuesday September 5, a major new Mercedes NFT collection is set to launch. Mercedes-Benz NXT Icons will not be Mercedes’ first web3 experience, but it describes it as a core collection. The collectible cards feature historical car models with various custom traits. The German luxury carmaker is taking the initiative seriously with a long term commitment. Not only has it created a subsidiary Mercedes-Benz NXT, but so has creative partner Omnicom, setting up the OxNXT studio. Mercedes sees the upside in developing a digital brand to reach new customer groups and develop fresh experiences. Owing to legal restrictions the collectibles will…
UK startup Autentica car parts is launching a marketplace for NFT-backed 3D printed parts for cars on November 1. Instead of shipping physical spare parts, a 3D model is sent to a nearby 3D printing service provider, who can create the part locally. Blockchain has been used for quite some time for authenticating 3D models. However, Autentica also uses it to protect the intellectual property of the original equipment manufacturer (OEM). Without something like blockchain (plus additional safeguards), printing a 3D part can be risky. Imagine someone alters a 3D model, rendering the printed part unsafe, which then causes a car accident. It’s no…
California’s Department of Motor Vehicles (DMV) has digitized 42 million car titles on a blockchain, according to the developer Oxhead Alpha and Ava Labs. The digitization is not on a permissionless blockchain. Instead, it is on a DMV-run blockchain, which we assume is an Avalanche subnet. Avalanche subnets are permissioned blockchains which have separate validators from the layer 1 permissionless blockchain. The rationale is a subnet can support financial applications where all participants have to be regulated. For an institution like the DMV, it means they keep control and they can fix things should something go wrong. However, if the DMV still…
More than two years have passed since the height of the non fungible token (NFT) boom. Yet Nissan has just announced plans for a new Japanese web3 loyalty program involving NFTs. While NFTs are way past their peak in Europe and the US, they are continuing to prove popular in Japan. We’re speculating there are cultural reasons for this. Japan is home to the graphic novel and anime cartoons. The visual nature of NFTs is a good match and there’s a deep pool of content to leverage. Japan also has a culture rewards such as Yuutai, the practice where stockholders receive rewards.…
In March Toyota Finance plans to issue a Japanese digital bond on the Progmat tokenization platform. While digital bond issuance is growing in Europe, so far most security tokens in Japan have been linked to real estate. Not only is Toyota one of the few corporates to issue one, but it is targeting retail investors, which is unusual. Reaching consumers appears to be a key goal – making customers investors and getting them to download the Toyota Wallet. Japan has a tradition of offering product linked perks to investors. Bonuses of up to 1% in cash value will be offered for Toyota bond purchases,…