Fun

News Feed - 2023-07-26 11:07:00

Derek Andersen10 hours agoItalian central bank backs DeFi tokenization project with Polygon, FireblocksThe Italian central bank’s Milano Hub has selected a project headed by Cetif Advisory and Polygon Labs in its second round of proposals.1995 Total views11 Total sharesListen to article 0:00NewsJoin us on social networksThe Bank of Italy’s Milano Hub innovation center will provide support for a project developed by Cetif Advisory to research a security token ecosystem for institutional decentralized finance (DeFi). 


The project has no “commercialisation purpose” but will extend “the scope of analysis” of security tokens on secondary markets. Security tokens are digitized representations of the ownership of real-world assets. Cetif Advisory general manager Imanuel Baharier said in a statement:“We believe it is vitally important to create the conditions for DeFi to become a safe and open operating environment for supervised entities.”


The project will strive to allow institutional market participants to operate in a DeFi environment while complying with regulatory guidelines. It will further develop Cetif Advisory’s Lionity platform, which it describes as an “institutional grade automated market maker.”


Related: INX security token platform gets its first token from a public company, Greenbriar


Cetif Advisory is a spinoff of the Cetif Research Centre at the Università Cattolica del Sacro Cuore in Milan. The project is a collaboration with Polygon Labs, Fireblocks and other organizations. Italian banks, asset management companies and 10 other financial institutions will take part in it.Credem Euromobiliare Private Banking scelta da Banca d"Italia per l"innovazione - MilanoFinanza News https://t.co/Cs9rmH8hpP pic.twitter.com/0pQio87b4k— MilanoFinanza (@MilanoFinanza) June 16, 2023


The Cetif Advisory project was chosen during the hub’s second call for proposals. The project was one of seven projects given the green light in the fintech category. It will receive support from the Milano Hub for six months, beginning this month, in the form of expert advice and in-depth regulatory research.


Securities tokenization is an emerging field in blockchain technology. Citi Global Perspectives & Solutions recently predicted that the tokenized securities market may be worth between $4 trillion and $5 trillion by 2030, with private equity and venture capital becoming the most tokenized, followed by real estate.


Magazine: Block by block: Blockchain technology is transforming the real estate market# Business# Security# Italy# TokensAdd reactionAdd reactionRelated NewsHow to actually spend your Bitcoin, ExplainedSotheby’s blockchain Gen Art program shows tech taking a back seat to artAI and dot-com bubble share some similarities but differ where it countsRipple case: SEC appeal unlikely as agency gains from ‘current confusion’ — Haun Ventures CEOManta Network developer raises $25M in Series A, launches layer 2 for ZK appsUS law protects institutions and exposes retail investors — Rep. Torres

News Feed

Martin Young3 hours agoEthereum logs $1M MEV block reward amid Curve Finance exploitThe highest recently generated block reward was 584 ETH, created by a MEV bot front-running transactions during the DeFi chaos.1419 Tota
Report: Central African Banking Regulator Says Crypto Ban Still Effective
Report: Central African Banking Regulator Says Crypto Ban Still Effective An African regulator has told members of the six-nation Economic and Monetary Community of Central Africa
Ceffu (Formerly Binance Custody) to be Custodian of Flynt Finance for Enhanced Asset Security and Off-Exchange Settlement
Ceffu (Formerly Binance Custody) to be Custodian of Flynt Finance for Enhanced Asset Security and Off-Exchange Settlement press release PRESS RELEASE.Flynt Finance, a cryptocurrency
Jointer.io Matches Binance & CZ’s $100 Million Challenge With Early Adopter Fund
Jointer.io Matches Binance & CZ’s $100 Million Challenge With Early Adopter Fund PRESS RELEASE. Changpeng Zhao (CZ) sent shockwaves across the crypto industry
Tristan Greene5 hours agoUAE signs deal to develop carbon credit system on Venom Foundation blockchainThe UAE recently announced that it intends to reduce carbon emissions by 40% by 2030, a marked increase over its previ
TabTrader Token Is Launching on AcceleRaytor and Solanium
TabTrader Token Is Launching on AcceleRaytor and Solanium press release PRESS RELEASE. Amsterdam, the Netherlands, 29th of November, 2021: TabTrader is excited to announce the launc
Binance Launches $1 Billion Fund to Boost Adoption of Its Smart Chain and Entire Blockchain Industry
Binance Launches $1 Billion Fund to Boost Adoption of Its Smart Chain and Entire Blockchain Industry Crypto exchange Binance has launched a $1 billion fund which it calls “t
‘Not a classic VC’: Tether plans to invest up to $1B in one year
Helen Partz9 hours ago‘Not a classic VC’: Tether plans to invest up to $1B in one yearTether’s VC arm has already spent about $2 billion on tech like AI and alternative financial infrastructure over the past two ye
Bitcoin Open Interest Soars As Top Crypto Breaks $76,000 – Details
Este artículo también está disponible en español. Bitcoin has achieved new highs, surpassing $76,000 for the first time in history. This spike follows Donald Trump’
World-Leading Cloud-Mining Service Provider BitFuFu Launches ANTMINER Coupons Trading Function
World-Leading Cloud-Mining Service Provider BitFuFu Launches ANTMINER Coupons Trading Function press release PRESS RELEASE. On 21st February, BitFuFu will announce the launch of the
Hong Kong Bitcoin, Ether ETFs attract over $200M on day 1
Zhiyuan Sun6 hours agoHong Kong Bitcoin, Ether ETFs attract over $200M on day 1The amount of assets under management remains muted compared to the billions of dollars attracted by U.S. spot Bitcoin ETFs in January.5231 T
Tom Mitchelhill6 hours agoJPEX scandal masterminds still at large as 11 suspects taken into custody: ReportHong Kong police said the leaders of the JPEX crypto exchange are still at large and are now enlisting the help o