EMN Weekly Issue #13
Welcome to the 13th issue of EMN Weekly!
We are excited to bring you to RWA and MiCA news from the world of blockchain and crypto, the latest updates at E Money Network and some crypto humour. We hope you will enjoy reading this issue and gain valuable insights from it.
What's in Today's Issue?
This Week's Top RWA & MiCA News
Meme Time: Crypto Humor for the Week
E Money Network Updates: What You Need to Know
Community Spotlight
Top E Money Network Posts of the Week
Huma Finance Raises $38 million for its RWAs-based payment-financing platform - Huma Finance has raised $38 million in an investment round to fund the development of its payment-financing (PayFi) platform built on tokenized real-world assets (RWA). Out of the total amount, $10 million was made in equity investment and $28 million in yield-bearing RWAs on the San Francisco-based company's platform. Prominent players including Distributed Global, Hashkey Capital, Folius Ventures, Stellar Development Foundation and TIBAS Ventures, the venture arm of İşbank, Turkey's largest private bank participated in the round. Stellar Development Foundation was the largest contributor to the RWA component with its commitment of $10 million.
Swift set to test new initiative for streamlining global transactions and tokenised asset transfers - Swift recently unveiled its plans of testing a new initiative designed to streamline global transactions and allow its members to leverage the Swift network for transacting across traditional and upcoming asset types, including tokenised assets and cryptocurrencies. Swift’s multi-ledger Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) transactions on its global platform will enable real-time, simultaneous payments and exchanges of tokenized assets on Swift’s network.
Plume Network gears to launch tokenised “mineral vault” - Leveraging the demand for high-yielding private assets onchain, Plume Network is preparing to launch a tokenised “mineral vault”, representing tokenised mineral assets. Tokenised mineral interests are a form of real estate that earn real estate royalty revenues from natural resource extraction and sales. The Vault aims to provide “financial exposure to resource production like gold, silver, coal, and primarily crude oil and natural gas” in the United States, shared Chris Yin, Plume Network’s CEO.
BBVA announces expansion of services including addition of USDC stablecoin in Switzerland - BBVA has announced the integration of US dollar-backed USDC stablecoin into its cryptocurrency custody and trading services in Switzerland. This new feature will enable BBVA’s institutional and private banking clients in Switzerland, as well as NewGen account holders, to manage USDC funds alongside their traditional investments, thus providing them with faster and more efficient trading options through blockchain technology.
Latvia’s central bank offering pre-licensing consultation to crypto companies - Latvia’s central bank has announced that it will offer pre-licensing consultation services to local crypto asset service providers (CASPs) that are looking to obtain MiCA approval. Experts from the bank will provide guidance to companies on the regulations applicable to them and the documents they need to submit for getting a licence. The bank will start accepting applications and issuing licences for CASPs in the country from January 2025.
Crypto Meme of the Week
https://x.com/emoney_network/status/1833450983289929759
Top E Money Network Posts of the Week
E Money Network is super-stoked to be attending the prestigious Token 2049 in Singapore, with the following team members - https://x.com/emoney_network/status/1833115086715867223
E Money Network will be partnering with RWA Unwind hosted by Polytrade, and Kunal Karani, E Money Network’s CBO, will be a speaker at the event - https://x.com/emoney_network/status/1833483222841262298
E Money Network is hosting a Real World Alpha (RWA) Private Dinner, and Brave and Cube are joining as co-hosts - https://x.com/emoney_network/status/1834215127815540823
E Money Network MD Parag Arora joined The Crypto Professor’s X Spaces on “Decrypting crypto: RWA Roundtable. Listen to entire recording here : https://x.com/i/spaces/1rmxPoBBDNLJN
Community Spotlight
We are super excited to attend Token 2049 Singapore and explore potential synergies in the RWA space - https://x.com/RAmakirii/status/1833176703771844786
That’s all for this week. See you next week with more news and updates!
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