The financial world is witnessing a significant shift towards tokenization, with BlackRock leading the charge by tokenizing $1 billion in US Treasuries and launching a digital assets fund, the Blackrock Institutional Digital Liquidity Fund (BUIDL), targeting qualified institutions. This move is part of a broader trend where traditional financial institutions and central banks, including the New York Fed and others participating in the Bank for International Settlements' (BIS) Project Agorá, are exploring tokenization to enhance the efficiency and integrity of global financial systems. The initiative aims to tokenize cross-border payments and is seen as a step towards embracing blockchain technology to represent ownership of real-world assets. However, this shift raises new policy questions and regulatory challenges, particularly concerning anti-money laundering (AML) obligations and the need for close monitoring and regulation due to its limited track record in legitimate finance. BlackRock's $10T bet on Ethereum and the involvement in a market aiming for a slice of the $14 trillion tokenisation pie underscore the scale and potential impact of these efforts.
In this week's Crypto Long & Short, @pgaff_digital of @tokenadvisors discusses the impact of @BlackRock and @Securitize's new digital assets fund on tokenization and regulated markets . https://t.co/pz011IVnHF
Securitize CEO @carlosdomingo talks about the tokenization of real world assets on @politico. “The whole idea is that blockchain as a public distributed ledger is a better way of representing ownership of things.” https://t.co/JRkoWLEQXQ
The Bank for International Settlements unveiled Project Agorá, an initiative to explore the potential of tokenization to enhance the efficiency of global financial systems https://t.co/Xmbjavobgm
The evolution of Tokenized Real World Assets is here ft. @librecap x @0xPolygon @EasyEatsBodega explains why the new ZK L2 chain, Libre, will allow TradFi assets from institutions like Brevan Howard and Blackrock to become tokenized And why YOU should care 👇 https://t.co/IcpVTJG41t
Central banks are launching a new project to grab a slice of the $14 trillion tokenisation pie https://t.co/xrSitULfK1
In @politico #MorningMoney @Zachary our Legal Director Steve Hall comments on the movement known as tokenization. "this application of technology has a limited track record in anything resembling legitimate finance, it needs to be closely monitored and regulated because serious…
The BIS and seven central banks including the New York Fed will test using tokenization to increase the speed and integrity of international payments https://t.co/31XYqo1PNV
The BIS, central banks and private sector are embarking on Project Agorá to explore #Tokenisation of cross-border payments @banquedefrance @Bank_of_Japan_e @bok_hub @Banxico @SNB_BNS @bankofengland @NewYorkFed https://t.co/mDFKBqNCqc https://t.co/GRsEButU2I
I agree with @RyanSAdams @BanklessHQ, This is a very big deal. #Blackrock has issued a token (Blackrock Institutional Digital Liquidity Fund, "BUIDL") that functions as a money market fund, which is a security trading onchain. While BUIDL is restricted to qualified institutions… https://t.co/wfL0hm4ExV
Wall Street’s beginning to embrace the crypto-utopian dream of tokenization — the idea that “real-world” stuff should be on blockchain — and it’s raising a host of new policy questions for Washington. Morning Money has a primer. https://t.co/STLX6ZYQCz
Reading Morning Money, talking about the appeal of "tokenization" or putting real world assets on the blockchain. The two highlighted parts feel like a deep tension. Can large institutions maintain AML obligations while solving for easier public access? https://t.co/QELpFOEoRB https://t.co/CZd3Jn9OFX
PREMIERE: @BlackRock's $10T Bet on Ethereum The largest institutions in the world are here, and they’re tokenizing their assets We knew this was big…but after recording this episode we realized this is an even bigger deal than we thought Find out why 👇 https://t.co/ggtfDvFizM
🚀 Astonishing $1 Billion in US Treasuries tokenized on-chain 🚀 It is an achievement that comes in the wake of BlackRock's BUIDL launch is reshaping how we view liquidity and investments. 💴 🔗Let's dive in👉🏽(https://t.co/7gcxDrrJzo) This initiative aligns with our vision of… https://t.co/mkszlhH36d