EMN Weekly Issue #16

Hello everyone!

We are glad to be back with a new issue of EMN Weekly. We bring to you top RWA and MiCA-centric news from the crypto industry, latest E Money Network updates and some crypto humour to tickle your funny bone. We hope you enjoy reading this issue and gain useful information from it. Happy reading!

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 RWA & MiCA News of the Week

1. Franklin Templeton bringing its Tokenised RWAMoney Fund (FOBXX) to Aptos blockchain - The Franklin Templeton, the $1.6 trillion asset management firm is expanding its OnChain U.S. Government Money Fund (FOBXX) to Aptos blockchain. The move signifies the growth of the RWA ecosystem as the tokenised asset fund to a non-EVM blockchain.

2. Australia and New Zealand Banking Group joins Singapore’s Project Guardian - Australia and New Zealand Banking Group - one of Australia’s “Big Four” banks, has joined Singapore’s Project Guardian to explore the potential benefits of RWA tokenisation in the financial sector. Partnering with blockchain oracle firm Chainlinks Labs and Singapore investment firm ADDX, ANZ will test how RWAs like commercial papers can interoperate between blockchains.

3. Blocksquare partners with Polytrade to accelerate RWA tokenisation - Blocksquare, a firm specialising in providing tokenisation infrastructure for real estate, has announced a partnership with Polytrade, a DeFi platform facilitating the tokenisation of RWAs. As a part of the partnership, Blocksquare’s infrastructure will be integrated in the Polytrade platform to accelerate the tokenisation of real estate and bring enhanced liquidity, security and transparency to the sector.

4. Kin Capital to launch $100 million tokenised real estate debt fund on Chintai - Asset management firm Kin Capital is launching a tokenised real estate debt fund worth $100 on the RWA network Chintai. The fund holds first performing real estate trust deeds, an agreement between borrower and lender to have the property held in a neutral, independent third-party trust until the loan is paid off.The initial offering is a $5 million tranche, and additional offerings have been planned through 2024 and early 2025.The fund will be made available to accredited investors with a minimum investment of $50,000. The projected annual return of the project is 14%-15% with quarterly distributions to investors.

5. Dutch regulator sends out warning about the risk of pump-and-dump schemes ahead of MiCA implementation - The Dutch Authority for the Financial Markets (AFM) has sent out warnings about the risk of pump-and-dump schemes as Europe approaches the implementation of the second phase of Markets in Crypto Assets (MiCA) regulation on Dec 30, 2024. The AFM is responsible for enforcing and supervising the regulations in the Netherlands.

Crypto Humour of the Week

https://x.com/emoney_network/status/1841060520050241808

Top E Money Network Posts of the Week

1. E Money Network organised Episode 4 of Real World Alpha (RWA) Chats on the topic "From Code to Compliance: Regulatory Insights for RWA Tokenization" with industry leaders. Here is the full recording - https://x.com/i/spaces/1YpKkleXbqPGj

1. E Money Network shared some glimpses from its super-successful exclusive private dinner in Hong Kong - https://x.com/emoney_network/status/1841800040718675977

1. E Money Network shared some amazing photos from the RWA Unwind event hosted by Polytrade where E Money Network was a partner - https://x.com/emoney_network/status/1840749340245020793

Community Spotlight

Yes, indeed! We’ve got big things coming for you soon! https://x.com/Imma1Official/status/1840889510957101350

That’s a wrap for this week. We will be back with more news and updates next week. Stay tuned!