Author: Tokenized Toast Club

Today, Briya announced an $11.5 million Series A funding led by Team 8, including existing investors Insight Partners, Amiti Ventures, and Innocare Health Investment. Briya enables hospitals to share de-identified health data with clinical researchers. It’s possible to track the data provenance by logging information sharing using blockchain. Software developed by the Israeli-American firm is already in use in Europe and Israel. Now the company wants to use the funding to get traction in the United States. “By implementing Briya’s data platform, we can now quickly access relevant clinical and radiological data from various sources in mere seconds,” said Dr.…

Blockchain healthcare consortium PharmaLedger has announced the first eight use cases for its initiative. Launched in January 2020, the project is due to last three years. It has a budget of over €20 million, which it received largely from the European Union’s Innovative Medicines Initiative (IMI) and the European Federation of Pharmaceutical Industries and Associations (EFPIA). PharmaLedger is comprised of 29 members, including 12 global pharmaceutical companies such as GSK and Novartis. The use cases focus on the three particular domains the project is centered around. These are providing innovation for supply chains, health data, and clinical trials. The use cases: Clinical supply…

Tassat provides a private blockchain banking solution that enables clients of the same bank to pay each other instantly using tokenized deposits. Like JP Morgan’s JPM Coin (renamed to Kinexys Digital Payments), it automates transactions using smart contracts. So far, Tassat’s solution has been deployed by half a dozen banks and used to process more than $2 trillion in transactions. Now Tassat has partnered with Veuu, a startup that is using AI to tackle healthcare insurance claims processing and payments. Veuu’s main proposition is that it processes health provider insurance claims quickly, usually paying out claims the same day. It uses…

This is a guest opinion post from Susanne Somerville, CEO of Chronicled. Blockchain has been heralded for the last five or more years as the transformative technology that will change everything in how companies do business. In that time, it went up and then down the hype cycle, and in 2020, we found some of the appeal had fallen off for corporate executives who had been promised a lot and delivered little. But there are companies, like Chronicled, that have been quietly focused on real use cases with committed companies, building the software, the integrations, and going live with solutions that…

The Philippines government is about to embark on the next phase of its government bond tokenization path. Last year it tokenized bonds targeting institutional investors. That was followed by releasing 90 day Treasury Bills available to retail investors. Now the Bureau of the Treasury is planning to distribute longer term tokenized Treasury Bonds, or GBonds, in December targeting consumers. Its primary distribution mechanisms will be via GCash and PDAX. GCash is the wallet app that has been used by 94 million people and was recently valued at $5 billion. Ant, the owner of Alipay owns around a third of GCash parent Mynt…

Bloomberg reported that Elon Musk is considering using public blockchains as part of his role leading the Department of Government Efficiency (DOGE). The story cites unnamed sources and mentions discussions with numerous public blockchains. The article says that Musk had more than a hundred volunteers writing code before the Presidential inauguration. Blockchain applications under consideration include tracking federal spending, securing data, making payments, and managing buildings. If people are interested, it’s already possible for the public to access spending data through public federal procurement databases. Using blockchain, it might be possible to automate some of the payment disbursements. As soon…

During a press conference yesterday, Thailand’s Minister of Finance, Pichai Chunhavajira, discussed plans to issue a Thai Baht stablecoin backed by government bonds. The launch target is October. It follows previous reports of plans to use Bitcoin and cryptocurrencies as payments on the holiday island of Phuket. However, former prime minister Thaksin Shinawatra recently told the Bangkok Post that the planned crypto sandbox is for asset backed tokens, where the underpinning might include government bonds and gold. So for payments, the plan is a Thai Baht ฿ stablecoin rather than Bitcoin ₿. Minister Chunhavajira said new government bonds currently “end up in…

Last week, Thailand’s Finance Minister Pichai Chunhavajira said the government plans to issue Baht 5 billion ($148m) in government bonds directly to the public by the end of the fiscal year (September 30). The initial issuance will be treated as a sandbox project and tradable on a digital bond platform, perhaps the one announced earlier this month by the SEC. “We will enable retail investors to participate, regardless of their financial standing,” said Minister Pichai, according to The Nation. “They can invest any amount, buying and selling directly on the platform, bypassing traditional bank counters.  Numerous platforms are available, and with private sector involvement,…

Today, the Chancellor of the Exchequer, Rachel Reeves, announced the kick-off for the government’s program for its Digital Gilt Instrument (DIGIT), starting with procurement. Last year, the Labour government confirmed plans to issue digitally native government bonds using blockchain as part of the Digital Securities Sandbox, a temporary testing environment that relaxes a few laws. “The UK is leading the way on digital innovation, and the creation of DIGIT will help to transform our world-leading capital markets sector and drive economic growth,” said Chancellor Reeves. It published a set of questions targeted at potential suppliers and market participants, especially investors, to…

This week, Japan’s SBI Sumishin Net Bank (NEObank) started to offer security tokens to its 7.7 million banking customers. It’s part of a collaboration with Mitsui & Co Digital Asset Management, which launched a direct-to-consumer security token service last year, Alterna. Typically, asset managers would distribute funds via brokers, but Mitsui’s model is to go directly. While it would seem that it replaced a broker with a bank, the model is different. Customers interact directly with the Alterna platform. So it is partnering with introducers rather than brokers. Alterna launched in mid-2023 and quickly partnered with another online bank, Sony Bank (1.9…