Societe Generale - FORGE’s Post

The Tokenization Market Q2_2024 #Snapshot The second quarter of 2024 ("Q2") saw significant expansion in the Real-World Asset (#RWA) tokenization market with major project launches that signal the increasing integration of tokenization into various sectors. This growth is evident in two key dimensions: - Vertical growth: The total value of tokenized assets has increased substantially. - Horizontal growth: Tokenization is now being applied to a wider range of asset classes. Furthermore, Q2 witnessed many notable policy initiatives and regulatory actions that laid the groundwork for scale, compliant deployment of tokenization. Check out details of Q2 2024 tokenization market snapshot, trends and updates in our latest blog post: https://lnkd.in/gpgfYwEN #tokenization #marketsnapshot

Following our announcement of the Moreliquid Money Market EUR Token (MMMEUR), we want to clarify a mistake in some articles: the investment is NOT "risk-free." All investments carry a level of risk, and we advise investors to be fully aware of this. #MMMEUR

Update on Margin Syndicate Services We are pleased to share some important updates at Margin Syndicate that are designed to enhance our trading strategies and expand our service offerings: 1. **Focused Futures Trading on Binance:** Our decision to trade futures exclusively on Binance is driven by its substantial market depth and advanced accounting capabilities. These features are essential for efficiently managing our high volume and complexity of transactions, ensuring accuracy and stability in our operations. 2. **Expansion via Zignaly:** For our members who lack access to Binance, we are developing a tailored solution through Zignally. This will allow every member to participate in and benefit from our strategies. 3. **Comprehensive Spot Trading Services:** Our spot trading services are available on several leading exchanges, including OKX, Bitget, KuCoin, Binance, Bybit, and Huobi Pro. This diversity ensures that our members have multiple platforms for trading, enhancing flexibility and access to various markets. 4. **DeFi Service Performance:** Our shared access DeFi service continues to perform robustly, with significant hedging to ensure minimal volatility and stable returns. 5. **Liquidity Pools Restructuring:** I have undertaken a detailed restructuring of our liquidity pools to more effectively target specific rewards, a complex yet necessary adjustment to maximize our returns. I am optimistic about the potential success of these updates and look forward to our continued growth and evolution in the trading community.

Finery Markets adds Stillman Digital to crypto ECN liquidity providers - FX News Group: With several crypto licenses and registrations across different jurisdictions, Stillman Digital has facilitated over $20 billion in trade volume since ...

We've seen first-hand how difficult maintaining adequate liquidity can be for exchange operators, but it's the cornerstone of any successful trading platform. Without sufficient liquidity, exchanges face delays, slippage, and dissatisfied users, leading to a loss of market position. High liquidity not only alleviates these problems but also brings about newfound stability and trading efficiency. By implementing strategies like partnering with third-party market makers, engaging in cross-exchange market making, and leveraging high-frequency trading technology, exchange operators can ensure the reliability and performance that users expect. We wrote a quick guide on how exchange operators can gather and maintain liquidity. Read the full article here: https://lnkd.in/ghVVEC5m

OPerp: Revolutionizing Derivatives Trading with Blockchain (BNB Chain & Arbitrum) The $10 trillion+ derivatives market, while crucial for risk management and price discovery, struggles with inefficiency, opacity, and counterparty risk. OPerp, launching on both BNB Chain and Arbitrum today, tackles these challenges head-on! Operp: A Pioneering Product from EthosX Operp marks the exciting first product launch from EthosX, built in collaboration with Kana Labs. This innovative platform leverages the power of blockchain technology to revolutionize derivatives trading. Traditional Derivatives: A Pain Point - Inefficiencies: Delayed settlements & friction due to manual processes. - Opacity: Fragmented data hinders accurate risk assessment. - Counterparty Risk: Reliance on intermediaries creates potential default exposure. - Multiple Versions of Truth: Disparate systems cause inconsistencies. Introducing OPerp: A Game-Changer Operp empowers you with: - Leveraged Trading Without Collateral: Eliminate the need for upfront capital deposits and trade with greater flexibility. - Efficiency: Smart contracts automate processes, ensuring faster settlements and a smoother trading experience. - Transparency: A single, shared ledger provides a unified truth for all participants, fostering trust and security. - Accessibility: Permissionless access opens the doors for wider market participation, regardless of location. Operp Launches Today!Experience the future of derivatives trading today! OPerp is live on mainnet! Head over to (https://lnkd.in/gsa8m7tX) to access the platform and explore two exciting options: Degen Version (The Arbitrum Foundation Chain): Fast-paced trading with 2-minute cycles, ideal for active traders seeking high-frequency opportunities. Standard Version (BNB Chain Innovation): More measured approach with 2-hour cycles, suitable for those seeking a balance between flexibility and risk management. Important Note: While OPerp offers perpetually rolled over options, the 5-minute and 2-hour cycles represent entry and exit points for your positions. Utilize these cycles to start, continue, or exit your trades strategically.The Future of Derivatives Awaits Operp is just the beginning! EthosX, is committed to building a comprehensive suite of innovative derivatives products. In the future, expect to see: Full-fledged Options Trading: Catering to the needs of institutional players with advanced trading features. Join the OPerp Revolution! Be part of the future of derivatives trading! Follow us for updates and exciting announcements: Twitter: https://lnkd.in/gk2eM__Y #OPerp #EthosX #BNBChain #Arbitrum #PerpetualOptions

CoinShares - 𝗤𝟮 𝗿𝗲𝗽𝗼𝗿𝘁 𝟮𝟬𝟮𝟰 𝗘𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝗔𝗿𝗲 𝗢𝘂𝘁. As Simone Biles or any other #Olympians for that matter proved us over the last two weeks - it is all about preparation and resilience. The luck factor comes last! Our work today lays the foundation our 2026 results. Q2 2024 Financial Highlights: - Revenue for 𝗤𝟮 𝟮𝟬𝟮𝟰 𝗼𝗳 £𝟮𝟮.𝟴𝗺 (Q2 2023: £10.7 million) - Gains and other income for 𝗤𝟮 𝟮𝟬𝟮𝟰 𝗼𝗳 £𝟭𝟱.𝟮𝗺 (Q2 2023: £8.2 million) - Total comprehensive income for 𝗤𝟮 𝟮𝟬𝟮𝟰 𝗼𝗳 £𝟮𝟱.𝟴𝗺 (Q2 2023: £5.3m) - Adjusted EBITDA for 𝗤𝟮 𝟮𝟬𝟮𝟰 𝗼𝗳 £𝟮𝟲.𝟲𝗺 (Q2 2023: £11.4m) Q2 2024 Operational Highlights: 𝗔𝘀𝘀𝗲𝘁 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁: A relatively quieter quarter allowed the Group to consolidate its leadership in Europe, with its European Physical ETP platform recording its third-best quarter in terms of net flows. In the U.S., we focused on product development and marketing initiatives for our recently acquired Valkyrie business, with our spot Bitcoin ETF $BRRR and Bitcoin mining ETF $WGMI continuing to attract net inflows despite the industry-wide slowdown. Diversifying our product suite and strengthening our brand presence has positioned us well to navigate the evolving digital asset landscape. 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 & 𝗛𝗲𝗱𝗴𝗲 𝗙𝘂𝗻𝗱 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀: The team adeptly navigated the market dynamics during Q2, capturing opportunities despite non-trending conditions that featured offsetting events like the Iran-Israel conflict and anticipation of U.S. spot Ethereum ETP listings. While the HFS division's short volatility strategies met risk tolerances but did not outperform the underlying assets, we are confident in the long-term potential given declining macro risks and the forthcoming spot Ethereum ETPs. Importantly, the CoinShares Engineering and Quant team delivered the advanced MATRIX trading and risk platform, which is poised to drive the next phase of growth and sophistication. 𝗙𝗧𝗫 𝗖𝗹𝗮𝗶𝗺 𝗥𝗲𝗰𝗼𝘃𝗲𝗿𝘆: At the end of June 24 the Group announced the successful completion of the sale of its FTX claim, achieving a recovery rate of 116% net of broker fees, translating to a return of £28.7 million. (FRNT Financial & Giles Colwell) 𝗣𝗿𝗶𝗻𝗰𝗶𝗽𝗮𝗹 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁𝘀: The quarter saw a material write-down in the Group’s portfolio due to the bankruptcy of FlowBank SA, which it has elected to fully impair. The remaining key investments include its long-standing holding in Komainu and its position in WAO Fintech following their merger with Choice by KT (Ryan Radloff, Fitch Carrere), which has already resulted in a cash distribution to the Group and shows promising profitability exceeding targets. With the disposal of our 3iQ Corp (Fred Pye & Michael Petch) holding in Q1 for a gain of £2.3 million. 𝗦𝗽𝗲𝗰𝗶𝗮𝗹 𝗗𝗶𝘃𝗶𝗱𝗲𝗻𝗱: In light of the recent FTX claim recovery, the Board decided to pay a special dividend, recognising the longstanding trust of shareholders.

💭 "To gauge whether something should be #tokenized, we should be asking the following question: Does this asset have intrinsic value and will its #tokenization address the market by solving a problem?" 💡 The assets in T-Blocks pipeline are from rapidly growing #emerging markets and are designed to address challenges related to capital accessibility. 👀 Take a look and start exploring as we prepare for the first projects:  https://lnkd.in/dSDsn8az https://lnkd.in/e4_fYfRF

🚀 TruFin Partners with Arbelos Markets to Elevate Institutional Liquid Staking Opportunities We’re excited to announce a new strategic partnership with Arbelos Markets, aimed at providing institutional holders of TruFin’s liquid staking tokens (LSTs) with enhanced utility and reward opportunities. This collaboration brings together TruFin’s secure, compliant liquid staking solutions and Arbelos’s deep expertise in decentralized finance and financial markets. Through this partnership, institutional users will benefit from increased capital efficiency within DeFi protocols, unlocking greater yield potential and improving the utility of staked assets. Joshua Lim, CEO and co-founder of Arbelos, highlights the importance of this collaboration: “Unlocking capital efficiency in the form of yield-bearing collateral assets is a step forward for the bilateral derivatives market in crypto. We’re eager to partner with the forward-thinking team at TruFin as they build a market-leading, regulated product set.” At TruFin, we’re committed to creating robust financial products that empower institutions to maximize the potential of their digital assets while ensuring security and compliance. This partnership marks another step forward in expanding our DeFi ecosystem and driving innovation in institutional finance. Read more here: https://lnkd.in/e__v4vkc

🚀 Exciting times ahead for FinClear and FCX! Pleased to share a recent article from DigFin that highlights our journey and aspirations. Two years ago, we launched FCX, leveraging distributed ledger technology (DLT) to create a robust private-markets platform. Now, we're not just transforming private market transactions but are poised to innovate in public securities clearing and settlement. As we navigate the complexities and potential of the regulatory landscape, our recent application for a full clearing-and-settlement facility license marks a significant step forward. This move could end the monopoly held by traditional systems and open new avenues for efficiency and innovation in the financial sector. Our vision is clear: to facilitate seamless, atomic settlements in both private and potentially public markets. With over 50 companies already active on our platform and discussions underway to expand globally, the future looks promising. We're excited about what lies ahead and are grateful for the continuous support from our partners, clients, and the broader community. Stay tuned for more updates as we drive change and redefine what's possible in financial markets! #FinClear #FCX #DLT #FinancialMarkets #Innovation #BlockchainTechnology