Beni E Rachmanov

The co-founder of TON Society called CDBC one of the main threats to decentralized networks -- Jack Booth said The Open Network project is playing an important role in the mass adoption of cryptoassets. -- The co-founder of the TON Society sees CDBC as a fundamental threat to decentralized networks. -- TON developers advocate hybrid solutions that would allow CDBC to interact with such networks, but not dominate them. Co-founder of the TON Society organization Jack Booth called the central bank digital currency (CDBC) one of the key threats to the decentralized networks segment. The expert believes that the crypto community needs to defend the right to independence of the industry and The Open Network (TON) blockchain plays an important role in this process, writes Cointelegraph. Booth said that the TON community is actively developing its ecosystem and helping to make the DeFi segment more accessible to users. He believes such networks can offer people improved control over their finances without relying on centralized authorities. “TON's mission is mass adoption, and we aim to achieve this by making blockchain technology highly scalable, efficient, effective and convenient [...] for the general public, removing barriers for both users and developers,” said the TON Society co-founder. The expert warned that national governments are now increasingly focusing on a competing technology, CDBC. This decision could allow authorities to wrest control over users' digital finances, he notes. According to Booth, CDBCs challenge the basic principles of decentralization: privacy and network sovereignty. To solve the mentioned problem, the representative of TON Society proposes to find a compromise solution. “We advocate a hybrid approach that will allow CBDC to interact with decentralized networks, but not dominate them,” said Jack Booth. The specialist explained that he sees an opportunity to build a more inclusive and secure financial system that recognizes the principles of decentralization. Booth expressed his belief that policymakers should cooperate with Web3 platforms rather than work against them. Regulators are obliged to establish general principles, not to drive the industry into narrow rules, summed up the co-founder of the TON Society. Recall, we wrote that by early October 2024, tokens of the TON ecosystem had fallen by more than 50% since launch.

***PART 2 / 5*** #Tokenization of property ownership rights for private and institutional investors Tokenization can be accomplished through two primary approaches, namely in direct and indirect tokenization. #DirectTokenization means that minted tokens represent direct ownership of a portion of the real estate asset itself. #IndirectTokenization means on the other hand that ownership through tokens will be secured through a legal entity, such as a special-purpose vehicle (#SPV) that holds the property. Tokenized property rights often fall under the category of securities, requiring adherence to local securities regulations. Prerequisites how to ensure compliance. **Full disclosures must be made to potential investors. **Transactions must comply with "Know Your Customer" (KYC) and "Anti-Money Laundering" (AML) regulations. **Securities registration or exemptions must be considered based on local legislation. **Since property ownership laws vary significantly between jurisdictions the tokenized ownership structures must align with local laws concerning title transfers, property rights and fractional ownership. #Tokenizing property ownership involves several key steps: **Asset valuation: Conduct a professional appraisal to determine the market value of the property. **Legal structuring: Establish a legal entity or framework to ensure compliance with securities and real estate laws. **Smart contract development: Smart contracts define ownership rights, transfer rules, and revenue-sharing arrangements for the property. **Token issuance: Ownership is fractionalized into digital tokens, with each token representing a portion of the property's value. **Listing on CEX: Tokens being listed on regulated digital asset exchanges enabling trading among investors. As assumed a robust technical infrastructure is essential for a property tokenization platform, but which exactly? Here we go. **Blockchain Layer: Public or private blockchains are used to issue tokens, ensuring transparency and immutability. **Smart contracts: Self-executing contracts that govern the rules of token ownership and transactions. **Asset custody solutions: Secure digital wallets manage token storage and transfers. **Investor Interface: A user-friendly platform which allows investors to purchase, trade and manage their tokens. **Compliance Layer: Integrated KYC and AML checks ensure compliance with local regulatory frameworks. Benefits for property owners are obvious. That's first for all is liquidity. Tokenization offers property owners the flexibility to sell fractional shares of their property, thus unlocking liquidity without a full sale. This solves one of the biggest issues in real estate, illiquidity, by enabling partial asset sales. By offering the property to a broader global market, tokenization allows property owners to attract investors from diverse geographies, bypassing traditional barriers to international investment. ***To be continued...

📢🇺🇸 SEC Chairman Gary Gensler stated at a Senate Appropriations Committee hearing that an Ethereum (ETH) spot ETF is expected to be approved within the summer, potentially impacting the sluggish cryptocurrency market. However, CoinDesk reported that the market reaction was not positive. Ethereum initially rose about 1% following the announcement but fell more than 3% within an hour, indicating it was used as a selling opportunity. Concurrently, Bitcoin dropped about 5%, hitting a weekly low of around $66,300. According to CoinMarketCap, ETH is currently trading at $3,458.26, down 4.33%. #Bitcoinworld

As real economic value begins to fuel the digital asset space, we’ll witness a paradigm shift. Utility driven tokens will rise, challenging the status quo and redefining the crypto landscape. The days of speculative dominance will fade as assets with real world use cases claim their place, creating a new dynamic where liquidity flows towards purpose and innovation. #CryptoUtility #fascotexchange #DigitalAssetRevolution #iamfascot #FutureOfFinance #CryptoAdoption #UtilityTokens #DigitalEconomy

Avalanche Foundation launches $50M initiative, "Avalanche Vista," to pioneer asset tokenization. The program aims to demonstrate the value of tokenization, making financial systems more accessible, efficient, and cost-effective. Asset tokenization facilitates on-chain digital representation of assets, improving processes like issuance, settlement, and administration. #Avalanche #AssetTokenization #FinancialInnovation #OnFi #Blockchain #DigitalAssets #TokenizedSecurities

Pranav Kanade, manager of VanEck digital asset fund, highlights Republicans' view of stablecoins supplying demand for U.S. Treasury bonds, acknowledging their strategic advantage. With stablecoin issuers favoring Treasury bonds as reserves, overseas demand for stablecoins rises, potentially leading to industry growth from $160 billion to trillions if appropriate regulations are passed. Despite President Biden's veto of FIT21, more bipartisan support for cryptocurrencies is emerging. 💰📈 #Bitcoinworld

🔍⚠️ According to Cointelegraph, Liquid Collective and Oball Network published a report highlighting concerns about the Spectra upgrade scheduled for 2025. The report warns that while the upgrade aims to reduce the number of validators and ease the communication layer burden by changing the staking limit, it could harm the diversity of clients and node operators. A serious bug in the client could lead to significant slashing penalties and network instability. #Bitcoinworld