Thomas Puech

🚨 Tokenisation, stablecoins, staking - what's next for the UK?🚨 Two speeches of note today at the City & Financial Global Tokenisation Summit. 1️⃣ Sasha Mills, Executive Director for Financial Market Infrastructure at the Bank of England, talked about innovation in wholesale financial markets. 2️⃣ Tulip Siddiq, Economic Secretary to the Treasury, talked about the government's plans for crypto, stablecoins and staking. 🤔 What did they say? 1️⃣ Sasha Mills, on innovation in wholesale financial markets: Digitisation has been the combustion engine of financial markets, transforming paper-based systems to computer-based activity, on to the digital systems of today. Tokenisation can further revolutionise financial markets. Not a novel concept – but the real innovation is the type of infrastructure on which that token sits, and what that enables. ✅ Distributed ledgers can reduce the need for a single central party to perform record-keeping on the ledger. ✅ No single point of failure in how critical data is stored. ✅ Cryptographic techniques to secure data can reduce risk by improving the security and integrity of financial transactions ✅ Programmability has facilitated the consolidation and collapsing of the trade and post-trade functions, resulting in reduced settlement risk, and unprecedented efficiency gains in the trade lifecycle. 🤔 What is the Bank of England’s role in this reinvention? ✅ Digital Securities Sandbox (DSS): ➡ allows industry to experiment with developing technologies to issue, trade and settle digitally native securities, and ‘digital twin’ tokenised securities in a safe and secure environment for a range of regulated asset classes. ✅ Innovations in Money: ➡ Money needs to keep up with tokenised assets. BoE considering ways to enhance usefulness of central-bank money as a settlement asset for digital asset transactions. Also considering what additional functionality a wholesale central bank digital currency could bring. ✅ Post-trade settlement: ➡ Traditional processes are sequential and often manual, time-consuming, costly, and operationally risky for all users of financial markets. The tokenisation of securities on distributed ledgers – digital securities – offers the potential to merge trade and post-trade functions, shortening settlement cycles and offering more programmability and automation in financial transactions. 2️⃣ Tulip Siddiq, on plans for crypto, stablecoins and staking: ✅ Government to introduce regulatory regime for cryptoassets. ✅ Stablecoins to be regulated at same time as cryptoassets. ✅ Issuance and custody will be regulated. ❌ No longer a phased approach. ❌ Stablecoins not to be in scope of payment services regulation. ❌ Staking is not a Collective Investment Scheme. ............. 🤔 What's next? ⏩ Expect to see the framework early next year. I'd love to hear your thoughts 👉 #HMT #BoE #innovation #tokenisation #stablecoins #staking

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❗ This week, DCM will attend the London Blockchain Conference, where I'll moderate a panel on #realworld #asset #tokenization and #investments. 💡 I look forward to three days of talks about #blockchain, #AI, #Web3, #RWA tokenization, and other #innovations. If you're also attending the event, feel free to connect and discover how DCM builds better #payment experiences for #banks, #financial #institutions, and regular consumers. 🌟

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New Article: Revolutionising Asset Ownership: What Is Tokenization? 📣 Defactor ambassador, Segun Junaid, recently published an article on asset ownership! The article also includes a mention of our newest partner, Libertum, highlighting the benefits of #RWA's 💡 Dive into the details below 👇 🔗 https://lnkd.in/ee_tHN5J #RWA | #RealWorldAssets #Tokenization

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🌟 The MFEV ICO Private Round launches tomorrow, August 20th, 2024! Be one of the first to join an exclusive group at the forefront of financial innovation. Secure your invitation and take part in shaping tomorrow’s market! 🚀 ( Limited offer for invitation-Only Investor ) 👉Register Now #MFEVICO #PrivateRound #blockchain #MFEV

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Project Venus, the pioneering tokenised EIB bond on a private DLT, has made waves in digital capital markets. Banque de France and Banque centrale du Luxembourg unveiled the successful results of this groundbreaking project. The 2022 experiment showcased the power of DLTs in bond issuance and settlement, involving key players like EIB, Societe Generale , Santander and Goldman Sachs Project Venus was the first successful tokenised EIB bond issued on a private DLT, listed on a stock exchange and settled in central bank money with a wholesale Central Bank Digital Currency (wCBDC) solution. It highlighted the potential for wCBDC and DLTs to improve access, security, and efficiency of digital capital markets. #dlt #tokenization #cbdc #bondtokenization #capitalmarkets FSV Labs FSV Capital Bank for International Settlements – BIS Banque de France https://lnkd.in/dwaa4m2Z

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Charts Today – 1 July 2024 – Americas Focus ➡ Jamaican Stock Market and Currency ➡ Nasdaq – still strong with some short-term resistance ➡ Dollar strong on rates outlook, resistance levels ➡ Sterling weaker on UK election, Labour price in ➡ Bitcoin consolidation pattern looking more toppy ➡ UK and DAX relatively strong ➡ CAC 40 down sharply on French election ➡ Tokyo strong upside targets ➡ China a tough Jun ➡ India remains strong long term post-election ➡ Oz consolidation phase ➡ Cocoa sharp pullback, meets targets ➡ Coffee waiting for target activation ➡ Wheat clear short term downtrend ➡ Gold pullback after big move – big upside target ➡ Silver big break of $30 activated big upside target ➡ US Bond yields steady on higher for longer ➡ Nvidia topped? Key levels and targets ➡ Tesla back above the cloud, H&S pattern? ➡ Amazon breaking to new highs out of triangle #nasdaq #bitcoin #gold #pricetargets #jamaica #chartstoday #betagroup #updata

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Have you ever wondered how blockchain oracles bring real-world data to smart contracts? The recent article I read on Ledger Academy delves deep into the world of oracles, focusing on two top players—Chainlink and Band Protocol. Here's a brief look at what I found interesting: - **Chainlink**: Leading the pack as the most popular oracle network, Chainlink is extensively used in projects like Synthetix, Aave, and ENS on Ethereum. Its LINK token is a vital element, ensuring operators are compensated for their services. - **Band Protocol**: Standing as the second-largest contender, Band Protocol provides reliable data to smart contracts. Its platform is known for its cost-efficiency, speed, and user-friendliness, operating on Cosmos to streamline data transmission. - **Augur**: Unique in its approach, Augur focuses on prediction markets, offering decentralized oracles for various events, without relying on centralized entities for data. - **Pyth Network**: This decentralized oracle network spans 13 blockchains, offering real-time data for financial markets and various asset classes from a wide network of data publishers. As the article suggests, blockchain oracles are revolutionizing industries like Decentralized Finance (DeFi) and predictive markets, showcasing the vast potential of integrating real-time data with blockchain technology. So, which oracle do you find the most intriguing, and how do you see their role evolving in the future? Share your thoughts below! https://lnkd.in/eSENumjU

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The Swiss Financial Market Supervisory Authority FINMA recently addressed stablecoin issuance and financial market law aspects for stablecoin projects. Stablecoin issuers are classified as financial intermediaries under the Anti-Money Laundering Act, emphasizing the need to identify holders and determine beneficial owners to mitigate risks like money laundering and terrorist financing. Acceptance of public deposits by stablecoin issuers typically requires a banking license, unless specific conditions are met to protect investors, such as a bank guarantee in case of default. FINMA's approach seeks to balance fintech innovation with robust risk management. Stay informed on the evolving regulatory landscape for stablecoins and the forthcoming draft legislation on fintech licenses. For more details, visit the link: https://lnkd.in/dxVEs5MW What are your thoughts on #stablecoin regulation?

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Lombard is excited to announce our $16M seed round to kick-start the Bitcoin restaking ecosystem led by Polychain Capital. Lombard aims to elevate BTC from a store of value into a productive asset which flows into the Web3 economy and drives sustainable growth with its flagship product, LBTC. LBTC is a liquid and yield-bearing representation of BTC, which can move seamlessly across chains and across decentralized finance as collateral without compromising security. Polychain led the seed round with participation from BabylonChain Inc. dao5, Franklin Templeton, Foresight Ventures, Mirana Ventures, Mantle EcoFund, Nomad Capital, OKX Ventures, and Robot Ventures. Strategic partnerships and contributions from major exchanges—Bitget, Bybit, HTX, OKX, and more—were established to aggregate net-new liquidity to their businesses. Notable founders and angel investors from Allora Labs, AltLayer, Babylon, Berachain, Euler Labs, Gearbox, Manta, MegaETH, Pendle, Ritual, Scroll, StakeStone, Seven Seas, and Zircuit also participated in the round. Read the full announcement here: https://lnkd.in/eNa3Urju

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Trading volume still is one of the most used key investment decision factors - an increasingly risky proposition. Below is an example how our algos detect wash trading volume, which is not only an issue in crypto assets but also in small cap stocks. We estimate that at least 77% of all trading volume in crypto assets falls under the category wash trading volume. We estimate that in small cap stocks it is at least 37%. The reason why it is harder to detect in small cap stocks is that there are people with more advanced technical concealment knowledge at work. That may explain the smaller number.

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Bitfinex Securities, a tokenized securities trading platform associated with cryptocurrency exchange Bitfinex, is set to launch two types of tokenized bonds on the Liquid Network. These bonds are being issued in collaboration with Mikro Kapital, a microfinance group based in Luxembourg. According to The Block, the bonds will feature the following specifications: 1. **11-Month Bond:**   - Annual interest rate (coupon): 10%   - Maturity: 11 months 2. **36-Month Bond:**   - Annual interest rate (coupon): 13.5%   - Maturity: 36 months These tokenized bonds are part of Bitfinex's efforts to provide innovative financial products in the cryptocurrency space, leveraging the capabilities of blockchain technology for asset tokenization and trading on the Liquid Network.

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Welcome to the June 2024 edition of the 𝗗𝗲𝗙𝗶 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗡𝗲𝘄𝘀! This month, we delve deep into the evolving landscape of decentralized finance, highlighting key developments that are reshaping the industry: 𝗦𝘁𝗮𝗯𝗹𝗲𝗰𝗼𝗶𝗻𝘀 𝗨𝗽𝗱𝗮𝘁𝗲: Tether halts USDT minting on Algorand and EOS, while stablecoin issuers now control over $120B in U.S. Treasuries. Paxos introduces Lift Dollar in UAE, and Tether launches the Alloy platform for synthetic assets. 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗨𝗽𝗱𝗮𝘁𝗲: BlackRock’s iShares Bitcoin Trust sets new records, with predictions suggesting Bitcoin could soar to $90K by year-end. 𝗘𝘁𝗵𝗲𝗿𝗲𝘂𝗺 𝗨𝗽𝗱𝗮𝘁𝗲: VanEck sees Ethereum potentially hitting $22K by 2030 amid regulatory delays on ETF approvals. 𝗗𝗲𝗙𝗶 𝗧𝗿𝗲𝗻𝗱𝘀: Intensifying competition between Ethereum and Solana, coupled with a surging interest in altcoins. Whether you're a seasoned crypto enthusiast or just starting out, our in-depth analysis will keep you ahead of the curve. Visit our full coverage on Coinchange's blog: https://lnkd.in/eWa2UGbN

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tokenforge X Particula Quality Tokenization Meets Trusted Asset Rating The work of rating agencies remains indispensable in the tokenization of Real-World Assets (RWA) to reliably assess the quality and risks of the tokenized assets and create confidence among investors. I am pleased to have found a professional partner in Particula, experts in this field who provide independent, objective, and high-quality ratings with a focus on digital assets, especially tokenized Real-World Assets. This partnership enables us to ensure that investors can make the best possible informed decisions when choosing digital assets. Additionally, we will collaborate on marketing activities and educational initiatives. These efforts will focus on bridging the gap between traditional finance and the evolving digital asset landscape. You can find more information about Particula here: https://particula.io Nadine Wilke Timm Reinsdorf Joko Weykopf Markus Kluge Kit Popplestone Nils Lucas Tim Thonhauser-Röhrich Santiago Remolina Cano Melanie Moske Goran Maksic Florian Stumpf Maximilian Schneider-Ludorff Joshua Reimann Frank Bönisch

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