The platform has brought over $4 billion of traditional assets on-chain, ranging from renewable energy projects to mineral rights and private credit.

Sonnenshein left asset management firm Grayscale, issuer of spot bitcoin and ether ETFs, earlier this year.

The fourth largest crypto could potentially reach its 2021 record highs in the coming days given its relative strength through crypto's eight-month long consolidation phase, one analyst noted.

The USDT issuer is expanding in trade finance, seeking to carve out a niche in the $10 trillion ecosystem.

Automating and standardizing corporate actions data could help significantly reduce operational inefficiencies that currently cost businesses millions of dollars every year due to errors and manual data processing, the report said.

The tokenization platform's governance token has been a favored proxy play among crypto traders for BlackRock's tokenization push.

Crypto was the leading asset class among millennial ETF investors, topping even stocks and bonds, the survey showed.

Ethena's $46 million allocation fits into the growing trend of DeFi platforms and protocol foundations investing in real-world asset-backed products to earn a yield without leaving blockchain rails.

Tokenized collateral could have helped avoid or lessen the 2022 "liability-driven" crisis, Donna Milrod, chief product officer said in the interview with Financial News.

The issuance was the company's first digital bond with fully automated settlement, building on last year's issuance on the Polygon network.

Crypto users lost some $2 billion due to hacks, scams and exploits throughout 2023, one report said.

Bitcoin's price remained flat around $59,000, while its swift decline from $61,000 earlier today happened before the transaction.

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Global lenders and asset managers are increasingly exploring blockchain tech to issue and transfer traditional financial instruments, also known as tokenization of real-world assets.