EMN Weekly Issue #17
Last updated
Last updated
Hello everyone!
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
Xalts launches new RWA tokenization platform on the Polygon Network - Fintech firm Xalts has launched its real-world asset tokenization platform RWA Cloud, on the Polygon blockchain, enabling developers to build digital asset platforms more efficiently. This integration simplifies common challenges in blockchain implementation, such as compliance and complex workflows. Xalts aims to collaborate with Polygon on institutional applications like trade finance, enhancing blockchain adoption in the financial sector.
According to a new Binance report, RWA is booming - A recent Binance Research report reveals that the market for Real World Assets (RWA) on blockchain has surpassed $12 billion, with significant interest in tokenizing assets like US government bonds, private credit, and real estate. Tokenized US Treasuries alone have exceeded $2 billion in market cap, driven by high interest rates and the quest for secure on-chain returns. The report highlights the vital role of institutions in this growth, showcasing how traditional finance is increasingly adopting asset tokenization to enhance efficiency and transparency.
Archax, Assetera partner to offer tokenized RWA in UK, Europe - Assetera and Archax have formed a strategic partnership to enhance access to tokenized real-world assets in the UK, EU, and EEA. This collaboration addresses challenges like regulatory uncertainty and limited liquidity, starting with tokenized money-market funds from Abrdn, which manages £506 billion ($662.4 billion) in assets. Both firms emphasize their regulatory compliance, with Archax being FCA-regulated. The partnership facilitates primary sales and secondary trading of digital assets while aiming to onboard more tokenized funds, setting a new standard for digital asset distribution in Europe.
Hex Trust And Clearpool Launch Blockchain Focused On RWA Yields - Hex Trust has partnered with Clearpool to launch Ozean, a new blockchain platform focused on generating yields from Real-World Assets (RWA). This collaboration aims to combine Hex Trust's regulated infrastructure and institutional client base with Clearpool's expertise in RWA lending. Initially, Ozean will offer tokenized access to money-market funds managed by Abrdn, which oversees £506 billion ($662.4 billion) in assets. The partnership is designed to address challenges in the RWA market, such as regulatory uncertainty and limited liquidity, while facilitating primary sales and secondary trading of digital assets.
LatAm Bank Littio joins Avalanche - Colombian neobank Littio is switching from Ethereum (ETH) to Avalanche (AVAX) to enhance access to U.S. Treasury bills through its Yield Pots product, which offers interest on U.S. dollar deposits. This move addresses rising demand and leverages Avalanche's low transaction fees and reliability. It also aligns with the Avalanche Foundation's $50 million initiative to promote real-world assets (RWAs), marking a significant advancement in asset tokenization on the platform.
https://x.com/emoney_network/status/1843929622632886697
Here is the sneak peek of the upcoming Epay from E Money, where sending fiat will be as easy as chatting with friends on Telegram. Stay Tuned for updates. Post link : https://x.com/emoney_network/status/1843264296077406395
Checking your onchain activities became easier with just a click from your E Money wallet. Post link : https://x.com/emoney_network/status/1844351989469401557
Our community is our rock, always cheering and pushing us on -
https://x.com/WealthALoyalty/status/1843420401373720934
That’s a wrap for this week. We will be back with more news and updates next week. Stay tuned!