# Welcome to E Money Network

E Money Network is a public permissioned Layer 1 blockchain operated by a separate legal entity and developed in strategic partnership with the Scallop ecosystem. It is designed for on-chain banking infrastructure and interoperability between DeFi 2.0 and real-world asset tokenization, providing the modular backbone for identity, compliance, ownership, and custody proofs.


# The Future of EMYC

### An Important Message to All EMYC Holders

Dear EMYC Holders,

This announcement outlines the future of E Money Network and the proposed transition of eligible EMYC holders into Scallop equity.

After months of strategic evaluation, careful analysis and joint planning, the Boards and Management Teams of E Money Network and Scallop have agreed on the future direction of the EMYC ecosystem.

The Boards and Management Teams have decided to offer eligible EMYC holders a transition from utility token ownership to equity ownership in Scallop.

Upon completion of Scallop’s ongoing equity fundraising, participants will have the opportunity to convert the value of their eligible EMYC holdings into Scallop equity, allowing those who choose to continue as shareholders of a growing regulated financial technology company.

Participation in the conversion process is entirely voluntary.

Holders who choose not to participate may continue to sell or transfer their EMYC throughout the \
45-day conversion period. The opportunity to convert eligible EMYC holdings into Scallop equity will remain available until the final conversion process has concluded. The final deadline for completing the conversion will be announced separately before the conversion process concludes.

<br>

### Why are we making this decision?<br>

The digital asset industry has evolved significantly over recent years.

Capital, liquidity and user activity have become increasingly concentrated around a smaller number of established ecosystems. At the same time, operating, maintaining and continuously developing an independent blockchain requires substantial technical, operational and financial resources.

Maintaining secure infrastructure, supporting ongoing protocol development, meeting regulatory expectations and sustaining ecosystem growth has become an increasingly demanding undertaking for independent blockchain projects.

After evaluating every available strategic option for the future of E Money Network, the Boards and Management Teams concluded that continuing to operate the project in its current form would not represent the strongest long-term direction for either the project or its holders.

Scallop has established itself as a regulated financial infrastructure provider with a long-term strategy focused on global payments, multi-currency banking, digital assets and Banking-as-a-Service.

The next phase provides eligible EMYC holders with the opportunity to participate directly in Scallop’s long-term growth through equity ownership.

### How will the conversion work?

Following the publication of this announcement, a 45-day conversion period will begin.

During this period:

* Eligible EMYC holders may choose whether or not to participate.
* Holders who choose not to participate may continue to sell or transfer their EMYC throughout the conversion period.
* The conversion value will be determined using the average EMYC market price over the 45-day conversion period, as published by CoinMarketCap, together with Scallop’s final equity valuation upon completion of its ongoing fundraising round.
* The conversion will be completed through a dedicated conversion portal. Participation will require holders to complete identity verification (KYC) before the equity allocation can be finalized.
* Additional information regarding the conversion platform, eligibility requirements and the detailed participation process will be published before the conversion portal opens.
* Under the proposed conversion structure, each eligible EMYC token will convert into 1.5 Scallop sub-class shares rather than a standard 1:1 conversion.
* Further details regarding the final conversion structure and eligibility requirements will be announced before the conversion process begins.

### Exchange Update

As part of the planned transition from the EMYC utility token to Scallop equity, E Money Network will begin the process of delisting EMYC from supported cryptocurrency exchanges.

The process will start with KuCoin, where EMYC will be placed under Special Treatment (ST) from \
17 August 2026 as part of the exchange’s standard delisting procedure. EMYC will subsequently be delisted from KuCoin, followed by [Gate.io](http://Gate.io) . The exact timeline for the suspension of trading and the subsequent delisting will be announced by the respective exchanges. Holders are encouraged to follow the official announcements published by KuCoin and [Gate.io](http://Gate.io), as the timing and procedures are determined by the exchanges and are outside the control of E Money Network.

The exchange delisting process is intended to support the orderly transition towards the proposed equity conversion and the planned wind-down of the E Money Network ecosystem.

Each exchange will communicate its own timelines, procedures and any actions required from users. Holders are encouraged to follow the official announcements published by the respective exchanges as well as E Money Network’s official communication channels for further updates.

### &#x20;What happens after the conversion process?

Following completion of the conversion process and the delisting of EMYC from supported exchanges, E Money Network will begin an orderly wind-down of its operations.

The EMYC smart contract will be permanently frozen, bringing the EMYC utility token to an end.

The E Money Network blockchain will be shut down, and the project will officially conclude its operations.

All official E Money Network communication channels and social media accounts will subsequently be retired.

### &#x20;Next Steps

Over the coming weeks, additional announcements will be published covering:

* Scallop’s equity valuation
* The conversion methodology
* Eligibility requirements
* The conversion portal and participation process
* Frequently Asked Questions (FAQ)

Further information will be released in due course.

The Boards and Management Teams of E Money Network & Scallop

### &#x20;Security Notice

Please remain vigilant throughout the conversion process.

As with any significant announcement involving digital assets, malicious actors may attempt to impersonate E Money Network or Scallop in an effort to steal funds or personal information.

For your security:

* Only use the official conversion portal announced through E Money Network’s official communication channels.
* E Money Network and Scallop will never contact you first via direct message (DM) to request participation in the conversion.
* We will never ask for your wallet’s recovery phrase, seed phrase, private keys or passwords.
* Never send EMYC or any other digital assets to an address provided via social media, direct messages or unofficial websites.
* Always verify that you are using the official website and official communication channels before taking any action.
* If you are ever unsure whether a message or website is legitimate, please contact the E Money Network Support Team at <support@emoney.io> before proceeding.

Your security is our priority. Please stay cautious and only trust information published through \
E Money Network’s official channels.

\ <br>

<br>


# Scallop officially joins the SWIFT network

News from the Scallop team

Scallop officially joins the SWIFT network

Scallop has reached a major milestone by officially joining the SWIFT network and obtaining its own Business Identifier Code. With this step, Scallop is now connected to the same global banking infrastructure used by more than 11,000 financial institutions across over 200 countries.

<figure><picture><source srcset="/files/XZusp76ic4pEFEBkXmAH" media="(prefers-color-scheme: dark)"><img src="/files/btIzRMDmC8f4GHEKXLcH" alt=""></picture><figcaption></figcaption></figure>

This achievement marks an important moment in Scallop’s mission to build a compliant, global financial platform that connects modern digital finance with established banking systems.

### &#x20;A connection to global banking infrastructure

SWIFT is the backbone of international financial messaging, enabling secure and standardized communication between banks and financial institutions worldwide. By joining this network, Scallop positions itself directly on established global banking rails while continuing to deliver a modern, digital first user experience.

\
Scallop is officially listed in the SWIFT network under Business Identifier Code (BIC) **SCFHUS32XXX**.

BIC registrations are maintained by SWIFT and available through official SWIFTRef services used by financial institutions worldwide.

\
This listing enables Scallop to operate within globally recognized banking infrastructure and supports future cross border financial operations in a structured and compliant manner.

### Building a foundation for global finance

Scallop has established the groundwork for supporting multiple major fiat currencies and is preparing to serve users across more than 120 countries. Joining the SWIFT network represents a foundational step in this global rollout, ensuring alignment with international financial standards from day one.

By integrating with the same infrastructure relied upon by banks worldwide, Scallop strengthens its ability to deliver reliable, scalable and trusted financial services at global scale.<br>

### Positioning the broader ecosystem

With this milestone in place, the E Money ecosystem gains indirect, regulated access to the SWIFT network through Scallop. This positions $EMYC at the intersection of Web3 innovation and established global banking infrastructure, supported by regulated financial rails rather than isolated systems.

This structure reinforces a long term vision where digital assets and traditional finance operate together within compliant and scalable frameworks.

### Banking beyond borders

Scallop’s vision is to remove friction from global finance while operating within established regulatory environments. Becoming part of the SWIFT network is not just an integration, it is a foundation for real world financial connectivity at global scale.

\
This milestone is about trust, scale and long term sustainability in a financial system that continues to evolve.

<br>

The Scallop App will be opening soon.\
Join the waitlist to be among the first to experience the next generation of global finance.<https://www.scallopx.com/waitlist/>

\
Learn more at\
<https://www.scallopx.com>


# 🇺🇸 Scallop Gets U.S. MSB License

What This Means for You...

**Big news from Team Scallop:**\
\
We are now officially registered as a U.S. Money Services Business (MSB) under FinCEN. That means we’ve received full regulatory approval to offer our services in the United States.

This is more than just a checkbox on our compliance roadmap.\
It’s a serious unlock for us and for the global crypto community.<br>

<figure><img src="/files/c75NEWMO3SUgAnzfzWZK" alt=""><figcaption></figcaption></figure>

**Why the U.S. MSB License Matters**

Let’s be real.

The U.S. isn’t just another market. It is one of the most important financial hubs globally when it comes to finance, technology, and long-term crypto adoption. With millions of people looking for better ways to manage their money and crypto regulations becoming clearer under the returning Trump administration, the timing couldn’t be better.

Bills like the GENIUS Act are opening the door for more innovation in Web3. Platforms like Scallop are now well-positioned to serve users with a fully regulated offering.

While many crypto apps still operate in legal gray zones or avoid the U.S. altogether, we’re proud to say:

✅ Fully licensed

✅ Fully compliant

✅ Ready to scale across the U.S. and globally

**Want to verify it yourself?**

You can view Scallop’s official registration on the FinCEN website.

Simply visit fincen.gov/msb-state-selector and search for “Scallop” under Legal Name.

\
Yes…registered means we actually got the license.

Not just applied. Not pending. It’s done. ✅

Simply visit[ fincen.gov/msb-state-selector](https://www.fincen.gov/msb-state-selector) and search for “Scallop” under Legal Name.

\
**What’s Coming Next?**

With the MSB license now in hand, we’re gearing up to launch the Scallop App, your all-in-one platform for digital finance.

Here’s what you can look forward to:

* Multi-currency fiat accounts\ <br>
* Visa debit cards you can top up with fiat or crypto\ <br>
* Mastercard credit cards backed by crypto collateral\ <br>
* Smooth on- and off-ramps for fiat and crypto\ <br>
* Real-time spending control\ <br>
* A clean, intuitive interface built for beginners and power users alike\ <br>

All of this is powered by $EMYC, our native token. It unlocks card tiers, staking rewards, and is used for gas fees and token buybacks that connect directly to platform usage.

Also, Our Website Is Getting a Makeover

We’re revamping our website in the coming days to better reflect what we’ve been building. Expect a fresh design, better content, and smoother access to everything that matters.

👉 Visit:[ www.scallopx.com](https://www.scallopx.com)

\
Join the Waitlist

The Scallop App is launching soon and early access is limited.

If you want in early, join the waitlist today.

👉[ www.scallopx.com/waitlist](https://www.scallopx.com/waitlist)

\
We’re incredibly proud of this milestone and grateful to every one of you who’s been part of the journey. The MSB license is a big step forward for Scallop, for $EMYC, and for bringing real-world crypto adoption closer than ever.

Let’s build together.\
Team Scallop

\
\ <br>


# What’s New? Exciting New Features on E Money Wallet!

We’re thrilled to announce that E Money Wallet has integrated major upgrades including major chain integrations and WalletConnect feature for dApps. With these upgrades, we aim to enhance users’ experience by helping them explore the ever-evolving crypto industry, especially the relatively new Real World Assets (RWAs) sector. Dive in to know the details of these upgrades!

### Support for Leading RWA Chains

<figure><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfjjT_Nn2SVFe6vnqqygU5qw-diYBMRjQMUs0ca_ISOcDMh4MokDQduPvAzMpMp5KsTAr5rmKpXZEthnevlEe61JiX1Rx7dHG_-pn_gYlraI8rE7QWFzlIsYbumrjj7J4PN2CFtS679qlc2DChx0lVAm74?key=EoLTwAA2uq-_uP3LcC2bNw" alt=""><figcaption></figcaption></figure>

E Money Wallet has expanded its capabilities, and is now supporting the digital assets of leading new blockchains. This functionality will streamline digital asset management and enable users to navigate the RWA space in a secure and compliant manner. Here’s a brief overview of the new chains that E Money Wallet has integrated -

#### ZetaChain Mainnet

[ZetaChain](https://www.zetachain.com/) is an L1 blockchain for chain abstraction. It enables developers to build simple, secure, omnichain apps that can operate across any chain including Ethereum, Bitcoin, Cosmos and more. ZetaChain presently has 3.1+ million users and 250+ ecosystem partners.&#x20;

The integration of E Money Wallet in the ZetaChain ecosystem enhances ZetaChain’s alignment with regulatory compliance. E Money Wallet has inbuilt KYC checks, and thus, only verified users can access ZetaChain’s mainnet functionalities through E Money Wallet.&#x20;

#### Xend Asset Chain Testnet

[Xend Finance](https://xend.finance/) is a universal framework and blockchain for worldwide asset tokenization and on-chain management. Xend Finance is backed by the industry’s top investors including Google, Binance Labs and Hashkey Capital.

At present, E Money Wallet enables users to access Xend Finance’s Asset Chain testnet. Asset Chain is the native blockchain for Xend Finance’s Real-World Asset OAE (Onchain Asset Environment), created to allow seamless onboarding of all legally transactable asset types on-chain. Upon the launch of Asset Chain mainnet, users will be able to manage all their crypto assets, including the Xend Finance's own stablecoin and interact with the various components of Xend Finance ecosystem seamlessly using E Money Wallet.&#x20;

#### Redbelly Network Testnet

Redbelly Network is a regulated public Real-World Asset (RWA) network designed to drive compliant asset tokenisation (CAT). Currently Redbelly Network is in its testnet stage, and as per its [official ](https://medium.com/@redbellyblockchain/redbelly-network-month-in-review-may-2024-594c961d9b13)channels, it has secured over $73B in TVL for its mainnet.&#x20;

With integrated KYC and AML modules, E Money Wallet enables compliance for each user, entity and transaction within the Redbelly Network ecosystem. Furthermore, E Money Wallet’s multi-chain support will enable Redbelly Network users to store and manage digital assets from different networks in one place. At present, E Money Network is supporting Redbelly Network testnet to enable users to experience the networks . Upon the launch of the mainnet, E Money Wallet will power a true Web3 experience for users. Thus, the opportunities for innovation unlocked by combining the capabilities of E Money Wallet with leading blockchain networks will bridge the Web2 economy of today and the Web3 economy of the future.&#x20;

### Support for dApps with Wallet Connect Feature

We have finally rolled out the much-awaited WalletConnect feature! Now, users can deploy the E Money Wallet for traversing the cryptoverse with ease and efficiency.&#x20;

The WalletConnect functionality enables users to link the E Money Wallet to a wide range of dApps and use it for storing, sending and receiving digital assets within dApps. Linking E Money Wallet to any dApp is an easy process and doesn’t take more than a few minutes.&#x20;

You can download the E Money Wallet from this Chrome Store link - <https://chromewebstore.google.com/detail/e-money-network/ndklagefmdogpfkffimjdnbnplllndic?hl=en>

To set up the E Money Wallet, follow the steps mentioned in this blog - <https://blog.emoney.io/products-and-tech/e-money-wallet-secure-crypto-transactions-with-regulatory-compliance>

In the following tutorial, we have explained how you can link E Money Wallet to Pancake Swap, a leading decentralised crypto exchange (DEX).&#x20;

1. Go to [Pancake Swap](https://pancakeswap.finance/)’s website and click on the Connect Wallet button on the top right corner of the page.

<figure><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeC0-cYsVsNyIb9EwJlkf81cSDYexWiO1-pI4KWLKAnWKDU8eBaH5cT8bhpMzI1siKiCFIc9_Q6G7BegokMwxe29_F6UKpBeh0z5l2ytrQshVAnMKvMj-zv2gkkd5S8gMz5MneaBQHFXntE4Qc6dT4D3olm?key=EoLTwAA2uq-_uP3LcC2bNw" alt=""><figcaption></figcaption></figure>

2. From the menu, choose the Wallet Connect feature.

<figure><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfr2czqH967bFeALLMu0Jd-Cz33GborUAIL1dRyHeG6aZ258bH7D6rAA0VOIs1p6ITzVEbuB7Ou6AWVcQvb5gRKfHJDxqaEYMDUAJ7gbYvT0q9YjyiysYnTjn33nRj4svn1o0ExRe1ofM5g3MVI2xOUBRm3?key=EoLTwAA2uq-_uP3LcC2bNw" alt=""><figcaption></figcaption></figure>

3. Now, copy the code URI for the dApp by clicking the Copy icon.

<figure><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXd87a02_t5I9goBM8ogncGMXYtRyIbRp_3OQ98eaJXMuf8_r3ouR9zq5l6OYQNCppBGNEArV2LszbBZF38NPcfiulfkBRp7m_eufifRJUjmFjUDbpXiXQZosqehI5J-g6IxmIJEfEk85YpEgJha7ptJAayK?key=EoLTwAA2uq-_uP3LcC2bNw" alt=""><figcaption></figcaption></figure>

4. Next, open the E Money Wallet and click on the dApps icon displayed on the top of the screen.&#x20;

<figure><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeZoLn0-H6B9bIe9fGPR350zVI2WkR0MKLHiXiGx6gbcBll_hbUw6dQk5F50chkQDX5xp7nk00gqd_giFEVvOM507IPhU8U4e9_SIFYB4XSPK0lfnqXnTV7_V6PjCn-ZfMCNbZLfe9Rh87vQPpkf737sbKo?key=EoLTwAA2uq-_uP3LcC2bNw" alt=""><figcaption></figcaption></figure>

5. Select the WalletConnect feature from the menu.

<figure><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdihVV954_udlSXHk4oqghxpWN8oFxCvdc-s2MRKVy-bLVUbVowfXrW-RbfqgjqZXaKnavfPOtiujHBJVjMCT73_cSPRWE1tLTcF1XfoRSh7W_G5g6tkwuP6-TKJdA8hOdQxwmyMfqw9jGqH6uLcw9Igmr5?key=EoLTwAA2uq-_uP3LcC2bNw" alt=""><figcaption></figcaption></figure>

6. Paste the copied URI code in the space provided and click on Connect.

<figure><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXePEH0Z1OvJTPHdpHImud-kV3gwXWmxw4DWIcO-Wv3UHIkRF4RZYUuzPtQFssWEDFo5CjHY1BjsqbDlkv8RKEpiBBFPHA7EW67CF_hO5f3fzUFaNTvo4Oxegd9O4AqkYn5HHuUYCJko3hGnuwtlPavmets?key=EoLTwAA2uq-_uP3LcC2bNw" alt=""><figcaption></figcaption></figure>

7. Once the process is complete, you will be able to use E Money Wallet for sending and receiving crypto assets to and from Pancake Swap.&#x20;

<figure><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfmuUxv3o3SiBnQJ8S0PGd3OtlsZTb8HGJlxZvJw22G-chuTSC-70TokXFcNabSxuYxJxo4S5dITnEkYaWGpzPbKAlfRUcRHxg9-Vw9DOaL4QEm0myIwaYi2twVNBQ36WE8TNBc78j2w9iw3wq8cXCjsBBf?key=EoLTwAA2uq-_uP3LcC2bNw" alt=""><figcaption></figcaption></figure>

The process for connecting E Money Wallet with other dApps is similar. You can go to the website of any dApp of your choice and follow the same steps for connecting E Money Wallet to it. Hope you have a great experience navigating Web3 with E Money Wallet. We will be back with many more exciting updates for you soon!

\ <br>


# Introducing E Money Network – Leading the Way with Modular RWA Protocol

Today marks a significant milestone in our journey, one that we believe is pivotal for the future of the regulated Web3 space. With immense pride and excitement E Money Network.&#x20;

### What is the E Money Network?&#x20;

\
The E Money Network is a pioneering Modular RWA Chain with Compliance Blocks. It is compliant with MiCA regulations, making it ready for the future in the digital asset landscape. E Money Network will enable tokenisation of Real World Assets (RWAs). We aim to build the foundational blockchain that will bring liquidity of billions of dollars of RWAs on the E Money Network. This will help bridge the liquidity gap between the Web2 and Web3 worlds and viceversa. The Real World Asset (RWAs) market is projected to exceed $10 trillion by 2030, and the E Money Network is the purpose-built blockchain ecosystem that will facilitate the tokenisation of RWAs.&#x20;

The primary goal of the E Money Network is to meet the growing demand for RWAs and facilitate building sustainable projects that will enable creation of RWAs, build RWAs-enabled businesses, and more. This initiative could be a game changer for the intersection of digital assets and traditional markets.&#x20;

The E Money Network sets itself apart by focusing on:&#x20;

* **Proof of Identity:** Secure on-chain identity verification through on-chain ID for users and KYB processes for businesses.
* **Proof of Compliance:** Integrated on-chain Know Your Transaction (KYT) and Anti-Money Laundering (AML) modules.
* **Proof of Ownership:** Transparency through on-chain Know Your Ownership (KYO). These are complemented by Zero-Knowledge Proofs (Zk Proof) for added security.
* **Proof of Custody:** On-chain custody solutions, including IBAN on-chain and Fiat-pegged E-Fiat.

#### Use Cases of E Money Network

E Money Network is best positioned to build the next generation of tokenised virtual assets. Some potential use cases could be:

1. **RWA Launchpad:** A resilient platform designed to launch tokenised RWA projects. The E Money Network will support, facilitate launching of RWA projects on its ecosystem.
2. **Commodities Tokenisation:** The process of converting asset representations of commodities into tokens.
3. **Intellectual Property (IP):** Facilitating secure and transparent trading of digital assets linked to intellectual property.
4. **Equities:** Tokenisation and trading of digital equivalents of shares of publicly traded companies.
5. **Real Estate Investment Trusts (REITs):** Transparent trading of digital tokens representing stakes in real estate assets.
6. **Loans:** A platform dedicated to the tokenisation and secure trading of digital assets that signify loan agreements.

#### Additional Features:

1. **Lending and Borrowing:** Seamless access to capital through tokenised lending and borrowing activities.
2. **On-Chain Credit Score:** A Transparent and decentralised system to assess creditworthiness.

### $EMYC:&#x20;

$EMYC will be the native token for the E Money Network and will maintain its crucial role in ensuring and governing the Network's security.

### Why the name E Money Network?

The decision to change our project's name from Scallop to E Money Network wasn't just about finding a new title. It was a recognition that our platform had grown beyond its original purpose. It had become a complex network, connecting different parts of the digital world.

Our CEO Raj Bagadi puts it this way - *"Our journey to renaming our product was not just about choosing a new name; it was about encapsulating the essence of our vision and the evolution of our project. We wanted a name that reflected the expansive nature of our network and resonated with our commitment to creating a thriving digital economy. After much deliberation and introspection, we found inspiration in the concept of E Money."*

Got more questions? Head to our

Website: <https://emoney.io/>

Whitepaper: <https://whitepaper.emoney.network/>&#x20;

Technical documentation: <https://docs.emoney.network/> &#x20;

FAQs: <https://blog.emoney.io/faqs/faqs-e-money-network><br>


# E Money Network Testnet Goes Live!

We're thrilled to announce the launch of our [testnet](https://chromewebstore.google.com/detail/e-money-network/ndklagefmdogpfkffimjdnbnplllndic?hl=en\&authuser=0), a pivotal step towards transforming the tokenization of Real World Assets (RWA) on E Money Network.&#x20;

The path towards building the foundational infrastructure for RWAs is not a single-ladder journey but a series of key phases that will solidify the infrastructure for Web 3.0. And, we are proud to introduce the first phase of this journey with the launch of the E Money Network Testnet.\
**Download here:** [**https://chromewebstore.google.com/detail/e-money-network/ndklagefmdogpfkffimjdnbnplllndic?hl=en\&authuser=0**](https://chromewebstore.google.com/detail/e-money-network/ndklagefmdogpfkffimjdnbnplllndic?hl=en\&authuser=0)

### The Goal of E Money Network Testnet

With the launch of the E Money Network testnet, we aim to provide a real-time simulated environment of how E Money Network will function on the launch of E Money Network Mainnet. Unlike other public blockchains, E Money Network infrastructure is unique owing to its distinct, requisite features - compliance checks at every block, minting of e-money tokens, and more. These features, combined with the features of public blockchains, will propel innovation in decentralised applications and solutions.  &#x20;

Hence, with the E Money Network Testnet, our engineering team has built the foundational infrastructure of this network to test how the core features of E Money Network will work in real life. The E Money Network Testnet focuses on introducing the E Money Network blockchain to developers and encouraging them to build applications in the testnet environment. We also welcome users to try the various functionalities of the testnet that will be live during the testnet period. &#x20;

We have established key metrics to gauge the efficiency and scalability of the E Money Network Testnet. We have achieved up to 1000 Transactions Per Second(TPS) based on our internal testing on Testnet, and we would like developers and users to test it out in the testnet period. On the mainnet, E Money Network will be capable of managing a throughput of up to 10000 Transactions Per Second(TPS). Throughout the testnet phase, we will continuously evaluate and stress test the network with various planned developer and user activities.&#x20;

E Money Network evoked great initial interest in our active community during the pre-testnet phase and we are looking forward to gathering valuable feedback and suggestions that will help us fine-tune the blockchain further.

### Get Involved: Exciting Opportunities on E Money Network's Testnet!

#### For Users

Users can experience E Money Network testnet by downloading E Money Wallet, E Money Network’s native wallet, from [Google Chrome extension](https://chromewebstore.google.com/detail/ndklagefmdogpfkffimjdnbnplllndic?hl=en\&authuser=0). E Money Wallet combines native web3 wallet features (send, receive crypto tokens from 0x, etc.) with IBAN on chain features (send, receive e-money tokens) that can only be experienced on E Money Network testnet. Users can perform several live tasks as listed below.&#x20;

* **Download E Money wallet**\
  \
  Steps:

1. Install the E Money Wallet browser extension to use the testnet by clicking [here](https://chromewebstore.google.com/detail/e-money-network/ndklagefmdogpfkffimjdnbnplllndic?hl=en\&authuser=0).
2. Next, choose a unique username. Then add your email address and unique password. Verify your email address with OTP.&#x20;
3. Next step is the completion of Sumsub KYC. This step also must be done on a laptop or desktop. To get KYC verified, click on Continue and select the next option accordingly. Then, select your respective geographic location. Users from all locations, except for the US, can use the testnet.&#x20;
4. Now, enter your email address and verify it. (Use the same email address that you have used earlier during the sign up process). Verify your email address with OTP and fill in your next set of details and click on continue. Once done, your profile will be verified.&#x20;
5. Moving forward, save your secret recovery phrase on a piece of paper (Store this piece of paper at a safe place and don’t lose it). Complete the Mnemonic verification and once done, click on Finish.
6. Now, go to the Extension tab on your browser, select E Money Wallet, and enter your password to unlock the wallet. To use E Money Wallet smoothly, kindly disable Metamask wallet from your browser extension. &#x20;

* **Claim EMYC faucet Tokens**\
  \
  Steps:

1. Click [here](https://faucet.emoney.network/faucet) to claim faucet tokens.&#x20;
2. Now, open E Money Wallet from your browser extension and copy your EVM address by clicking the “copy clipboard” button on top of the wallet.
3. Next, paste the address under the "Enter your wallet address" box and press the “Submit” button to claim the EMYC faucet tokens. After successful completion, you will receive 100 EMYC faucet tokens in your E Money wallet.

* **Send EMYC to your friend’s E Money Wallet** \
  \
  Steps:

1. Open your E Money Wallet, and click on withdraw to send EMYC
2. Make sure you have your friend’s E Money Wallet’s EVM address with you. Paste your friend’s address under the ‘To’ section and fill any amount equal to or below the amount in your wallet. Ensure that you keep a small amount of EMYC for transaction fees.&#x20;
3. Click on Send.&#x20;
4. Next, verify and confirm the transaction. Once done, your friend will receive the EMYC in their E Money Wallet.&#x20;

* **Send E-money tokens to your friend’s E Money Wallet**\
  \
  Steps:&#x20;

1. Open your E Money Wallet, and select the E Money tab at the bottom of the wallet. You will have received default 5000 eEUR tokens, which are e-money tokens. Now, click on withdraw to send these eEUR tokens.
2. Ask your friend for their E Money Wallet’s EVM address. Paste your friend’s address under the ‘To’ section and fill any amount equal to or below the amount in your wallet. Ensure that you keep a small amount of EMYC for transaction fees.
3. Click on Send. Next, verify and confirm the transaction.  Once done, your friend will receive the eEUR tokens.

* **Whitelist address to transfer tokens (EMYC, etc.) from your Web3 wallet like Metamask.** \
  \
  Steps:

1. If you want to send EMYC from your web3 wallet like Metamask, you will need to whitelist your Metamask wallet address first. Click [here](https://whitelist.emoney.network/login) to whitelist Metamask's EVM address. Enter your credentials and log in.
2. Once logged in, connect your Metamask Wallet. Please ensure you disable your E Money Wallet while whitelisting Metamask wallet.
3. Once done, Metamask wallet will ask for your approval to add E Money Network Testnet. Click on Approve to add the network. Next, your Metamask wallet address will automatically appear in the Wallet Address tab.&#x20;
4. Click on Submit to whitelist address. Once done, your address will come under the “Your Whitelisted Address” tab. Now, you can send and receive EMYC between your E Money Wallet and your MetaMask Wallet.

#### For Developers

We have recently introduced our [Grant Program](https://x.com/emoney_network/status/1778064271978398122) in which we are giving grants to developers to build and launch their applications on the E Money Network Testnet. The grant amount will help to accelerate the development of innovative RWA-centric applications, and developers can also validate their application success by deploying it on E Money Network Testnet. After deploying the app, developers can leverage our community strength to test their product and gather critical product feedback.

If you are a developer interested in building on E Money Network, you can reach out to us by filling out this [form](https://form.typeform.com/to/M0Wq09qI) and joining our grant channel on our [Discord](https://discord.gg/emoneynetwork).  &#x20;

We can't wait to see you use the groundbreaking innovations that will shape the future of our network! Join the E Money Network testnet today and be a part of the RWA revolution!

*"Transforming possibilities into realities, one block at a time."*

For more information,&#x20;

Refer to our Testnet FAQs: <https://blog.emoney.io/faqs/testnet>

To share your  feedback on testnet, fill out this form: [https://form.typeform.com/to/PdI7JZji ](https://form.typeform.com/to/PdI7JZji)

To raise any issue related to testnet, kindly open a ticket on our discord here: <https://discord.gg/emoneynetwork>&#x20;


# $SCLP Community Airdrop Announcement

Dear $SCLP Community,

We are thrilled to announce our biggest community airdrop for $SCLP holders to date: an airdrop of a whopping **1 million $SCLP tokens.** This initiative is our way of giving back to you, our loyal community, for your unwavering support through the ups and downs of our journey.

**Why This Airdrop?**

This airdrop is more than just a distribution of tokens; it’s a heartfelt token of gratitude from the entire $SCLP team. We want to acknowledge and thank you for standing by us and believing in our mission. Your support has been the backbone of our project, and we are committed to continuing to build and innovate for the benefit of our community.

**Airdrop Details**

To ensure fairness and excitement, there will be periodic snapshots throughout the next month:

**First Snapshot: 3rd June, 11.59 PM UTC**

**Periodic Snapshots: To be conducted throughout the following month**

The airdrop will be distributed in different proportions to everyone holding $SCLP depending on their snapshots. The more $SCLP your snapshots show, the greater your allocation in the airdrop. **To become eligible, you must hold your $SCLP tokens in a decentralized wallet such as MetaMask or similar web3 wallets during these snapshots.** Please note that tokens held on centralized exchanges will not be eligible for the airdrop. **Stakers staking $SCLP tokens are also eligible for the airdrop.** This approach not only rewards our long-term holders but also ensures you have complete control over your tokens.

**Airdrop Distribution**

The airdrop distribution will happen before the Token Generation Event (TGE) of E Money Network, dates for which will be announced very soon. This will ensure that your $SCLP tokens are put to good use and allow you to maximize your allocation.

**A Commitment to Our Community**

We want to assure you that this is just the beginning. Our commitment to rewarding our community goes beyond this airdrop. As we move forward, we promise to deliver more exciting ventures and incentives that align with our community's interests and needs. Your support is crucial to our success, and we are dedicated to ensuring that your faith in us is well-placed.

**Stay Tuned for Our Biggest Announcement**

We have some exciting announcements and developments coming up, and we can't wait to share them with you. This airdrop is a precursor to one of our biggest announcements yet, something that will mark a significant milestone for $SCLP and its community. Your continued support and participation are vital to these upcoming endeavors. Together, we can achieve great things and make a lasting impact in the crypto space.

Thank You for Your Support! We deeply appreciate your trust and loyalty. This airdrop is a testament to our belief in the power of our community.

Let’s continue to grow and succeed together. Stay connected for more updates and announcements!

With gratitude,

The $SCLP Team

Airdrop FAQs : <https://blog.emoney.io/faqs/usdsclp-community-airdrop>&#x20;


# Stake Your $SCLP in our $SCLP Grand Finale Staking Pool and Win Big!

Hello EMN Community. It’s time to STAKE!

We bring to you a fantastic opportunity to take your earnings to the next level by staking your $SCLP tokens. We are now offering a 30% Annual Percentage Rate (APR) on $SCLP staking - one of the highest-ever APRs we’ve offered! <br>

Many of you know what to do, but we will list a step-by-step process for new $SCLP holders.

1. On your web browser, open this link - <https://stake.scallopx.com/staking>
2. Connect the wallet in which you are holding your $SCLP tokens by clicking on the “Connect Wallet” button. Now, select MetaMask or any other wallet using the “Wallet Connection” feature. Complete the process for connecting your wallet to the staking platform.
3. Once your wallet with $SCLP holdings is connected to the staking platform, Select “$SCLP Grand Finale Staking Pool” and enter the amount of $SCLP you wish to stake in the “Enter Amount” space.&#x20;
4. Next, Review the stake and accept to proceed staking your tokens.&#x20;

**Important things to note -**

**For the SCLP Grand Finale Pool**&#x20;

1. The new 6-month staking pool ($SCLP Grand Finale Staking Pool) goes live on 28th September 2024. You must stake your $SCLP within 4 weeks after the launch of the pool.
2. The pool will end after 6 months and you can withdraw your staked tokens after the closure of the staking pool only. However, you can withdraw your staking rewards anytime.
3. After the pool closure period, the staked tokens will be unlocked. There will not be any rewards accrued on the pool after 6 months i.e closure of the pool.
4. You will earn staking rewards at 30% APR based on the time you keep your $SCLP tokens staked.

**For SCLP X EMYC 6 months pool**&#x20;

1. The staking period for the existing running pool - (SCLP X EMYC 6 Months) ends on 27th September 2024. An extra 10% bonus will be offered to only those who keep their tokens stakes for next 30 days and do not withdraw it, starting from 27th September. If you withdraw your staked tokens, in between these 30 days, you won’t be eligible extra rewards. &#x20;

This is your chance to make the best out of your $SCLP holdings. The more you stake, the more you earn. So, stake your $SCLP now and earn big!

Also, keep an eye out for more opportunities to earn rewards as we move forward with exciting developments at E Money Network, including the transition to $EMYC with the TGE.


# E Money Network Can Add Tremendous Value to the Cardano Ecosystem - Check out our Proposal!

We’re thrilled to share that we have shared our proposal with Project Catalyst to avail a grant for contributing to the Cardano ecosystem. Cardano is among the leading blockchain networks in the world, with ADA, Cardano’s native cryptocurrency, ranking among the top 10 cryptocurrencies on [CoinMarketCap](https://coinmarketcap.com/). Cardano’s proof-of-stake blockchain platform combines pioneering technologies to provide unparalleled security and sustainability to decentralised applications, systems, and societies.

[Project Catalyst](https://projectcatalyst.io/) is Cardano's revolutionary innovation engine and one of the world's most prominent decentralised grant funds. Project Catalyst is a major driver for the growth of the Cardano ecosystem as it connects projects with promising ideas to a funding source. The ideas are vetted and voted for by the Cardano community, and spearheaded by the Cardano treasury.

### E Money Network’s Grant Proposal

We believe that E Money Network can add tremendous value to the Cardano ecosystem by integrating a compliant, multi-chain wallet, reducing compliance costs for Cardano dApps by enabling seamless KYC/AML solutions for them and simplifying fiat-crypto on-off ramping powered by regulated eEUR support.&#x20;

E Money Network has a proven track record of building compliant and scalable blockchain solutions. Our infrastructure has already attracted significant engagement on our testnet, demonstrated by 80,000+ unique wallets, $70M in transaction volume, and 10,000+ TPS. These metrics highlight E Money Network’s ability to handle high transaction volumes securely. E Money Network’s team consists of experienced blockchain developers, compliance specialists, and project managers with deep expertise in multi-chain integration, DeFi, and regulated financial services.

By integrating E Money Network’s suite of ecosystem products, Cardano dApps and users can benefit from a more accessible, compliant, and cross-chain-enabled blockchain environment. E Money Wallet - our network’s native Web3 wallet will ensure that every user accessing the Cardano ecosystem through it undergoes mandatory KYC verification. The integration of our 1:1 pegged eEUR stablecoin also brings a unique financial tool to Cardano as the first EUR-pegged stablecoin on the chain. Furthermore, broadening accessibility and strengthening compliance makes Cardano an even more attractive choice for new decentralised finance (DeFi) and real-world applications.&#x20;

### Key Milestones to Measure the Project proposal success

We have shared a list of key milestones that will enable the communities of both the blockchain platforms to measure the success of the collaboration. We have briefly outlined those milestones here.

**Milestone 1: Cardano Chain Integration Setup**

Timeline: 1 Month

Objective: Establish the foundational technical and infrastructure setup required to integrate the Cardano blockchain into the E Money Network wallet.

**Milestone 2: eEUR Stablecoin Bridging to Cardano**

Timeline: 2 Months

Objective: Develop and deploy a secure bridge to bring eEUR, the 1:1 pegged MiCA-compliant EUR stablecoin, to the Cardano blockchain, making it the first EUR-pegged stablecoin on Cardano.

**Milestone 3: Wallet Integration for Cardano dApps and Compliance Services**

Timeline: 1 Month

Objective: Enable Cardano dApps to integrate with E Money Wallet, granting them access to compliance tools (KYC/AML) and providing a seamless, compliant infrastructure for enhanced dApp functionality.

**Milestone 4: Mainnet Deployment and Community Onboarding**

Timeline: 1.5 Months

Objective: Deploy Cardano support and eEUR stablecoin on E Money Network’s mainnet, and onboard the Cardano community, including developers and users, through education and support initiatives.

**Milestone 5: Project Close-out and Reporting**

Timeline: 1 Month

Objective: Finalize the project by delivering a comprehensive project report, documenting outcomes, and creating a close-out video to demonstrate the impact of the integration on the Cardano ecosystem.

### Expected Cost Breakdown of the Proposed Work and Resources

After carefully calculating the expected cost of the proposed work, we have arrived at the figure of 2 million ADA to complete the project successfully. This budget outlines the key resources, third-party services, and internal costs associated with each milestone. We expect the project duration to be between 4 months to 6 months.

**Following is a summarised version of the cost breakdown.**&#x20;

**Milestone 1: Cardano Chain Integration Setup (400,000 ADA)**

This includes costs related to development resources such as blockchain developers, security and testing, documentation and technical resources, project management and overhead costs such as licence applications, tool subscriptions, etc.

**Milestone 2: eEUR Stablecoin Bridging to Cardano (500,000 ADA)**

This includes costs related to development and bridge engineering, compliance and legal, testing and quality assurance, development and support, infrastructure and tools, and project management.

**Milestone 3: Wallet Integration for Cardano dApps and Compliance Services (500,000 ADA)**

This includes costs related to development for dApp integration, compliance API setup, technical documentation and SDK development, community engagement and project management and operational costs.

**Milestone 4: Mainnet Deployment and Community Onboarding (600,000 ADA)**

This includes costs related to deployment and monitoring, community engagement and education, content creation, support staff, security & audit for mainnet launch, project management and operational expenses.

**Milestone 5: Project Close-out and Reporting (Final Report and Community Video) (100,000 ADA)**

This includes costs related to Close-out report and analysis, video production, reporting and community sharing and project management.&#x20;

The budget also includes costs for conducting regular compliance audits, developer support and workshops, and marketing and community engagement.

### How Can You Help?

This grant proposal is aligned with E Money Network’s mission of fostering compliant growth in the blockchain space and blurring the differences between the crypto economy and mainstream economy.&#x20;

You can help us win this grant by voting for us on Project Catalyst. To gain a deeper understanding of our proposal, check out this link - <https://cardano.ideascale.com/c/cardano/idea/134588>.

**As a community, you can help us win by**&#x20;

* **Registering your account on** [**https://projectcatalyst.io/**](https://projectcatalyst.io/)**. Verify your account and login in to start.**&#x20;
* **Support our proposal, proposal link -** [**https://cardano.ideascale.com/c/cardano/idea/134588**](https://cardano.ideascale.com/c/cardano/idea/134588)  **by clapping (as shown in the image). The more the claps, the higher our chances of winning. So, go clap!**&#x20;

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcGyyOlpu3BY1OM_aAeqgQf8Due0O-oDY4tBYPTQaQsu5QKQHm70PdM6JHjFmw1xyKUEyCt6txemNsKCFSq4pB-muv-n5okffLTs_3bZv6RmzA8wdIv_Ag-QPaI-u3suqidnCVWaw?key=bXwYmB1P828bDTy1NG_rvB9A" alt=""><figcaption></figcaption></figure>

\- Like and comment at the end of the proposal as well&#x20;

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeQpBHIqc8VugTUYqBBUPQK6-zjkILnjb7TmhTJP7VOvhnT-6YS8deUeWQ0YEuoYkec4oX8q1DQrKoPi6bryRYe9CZ8Njuw_9s8qX8nr0H68vHzmqsBSeRDeMVpFS14iImciyY7JQ?key=bXwYmB1P828bDTy1NG_rvB9A" alt=""><figcaption></figcaption></figure>

We will keep you updated on the progress of our grant proposal. Stay tuned!

\ <br>


# Paving the Way for $EMYC

It’s a super exciting time for us at E Money Network!

We are finally ready to launch the E Money Network beta mainnet with our E Money wallet. This is a major milestone for us as the beta mainnet will be the compliant and secure foundation for the blockchain applications of the future, especially RWA applications.

As a part of our endeavours to pave the way for E Money Network and its native token $EMYC, we are transitioning our support from $SCLP to $EMYC. This move is aligned with our mission to establish E Money Network as a leading blockchain for compliant RWA tokenisation.

We will launch E Money Network’s native token $EMYC at our upcoming TGE. <br>

**$SCLP will be delisted from all centralised exchanges and DEXes. The official $SCLP delisting date is 22nd November, 8 AM UTC time.**&#x20;

After the delisting of $SCLP, you will not be able to trade $SCLP tokens on any of the following Centralized exchanges - Kucoin, Gate.io, Bitget, MEXC, Lbank, Toobit and decentralized exchange - PancakeSwap.

**DO Note: The above mentioned exchanges are official ones, and there are several that may have listed $SCLP unofficially which will follow the same delisting and removal of liquidity**.<br>

### For users who have their SCLP tokens on Kucoin, Gate.io&#x20;

* After the delisting of $SCLP, you will not be able to trade/deposit/withdraw SCLP tokens on Kucoin and Gate.io exchanges.&#x20;
* Users who have $SCLP tokens on Kucoin and Gate.io exchanges will not have to do anything. The conversion process from $SCLP to $EMYC and vesting thereafter will be entirely taken care of by Kucoin and Gate.io exchanges respectively, and users CANNOT withdraw $SCLP from these exchanges after delisting.
* All communication related to $SCLP delisting on Kucoin and Gate.io will be shared on our official Twitter and Telegram channels. &#x20;

### For users who have their SCLP tokens on Bitget, MEXC, Lbank, Toobit.

* After the delisting of $SCLP, you will not be able to trade $SCLP tokens on any of the aforementioned exchanges. &#x20;
* Unlike Kucoin and Gate.io, users on these exchanges will have to withdraw their $SCLP tokens from the exchanges and deposit them in their web3 wallet.&#x20;
* Users will have to follow the conversion process for converting $SCLP to $EMYC on our conversion portal by connecting their web3 wallet.&#x20;
* All communication related to SCLP delisting on these exchanges and the launch of the conversion portal will be shared on our official Twitter and Telegram channels. &#x20;

### For users who have their SCLP tokens on web3 wallets like Metamask, E Money wallet

* After the delisting of $SCLP on all centralised exchanges, liquidity pool for $SCLP on Pancake Swap will also be discontinued and users won’t be able to trade there as well.&#x20;
* Users will have to follow the conversion process for converting their $SCLP to $EMYC on our official conversion portal.

## $SCLP to $EMYC Conversion Portal

The conversion portal link is live - <https://convert.emoney.io/welcome>&#x20;

<figure><img src="/files/LKhPPHKUTfwa2sLGFJMW" alt=""><figcaption></figcaption></figure>

***Image - Above conversion portal is for illustration and representation purposes only, and final conversion portal will differ in terms of additional features being added.***&#x20;

The conversion portal is simple to use and you will be able to convert your $SCLP to $EMYC in a few easy steps.&#x20;

1. Click on <https://convert.emoney.io/welcome> , you will be able to connect your web3 wallet such as Metamask where you have stored your SCLP tokens to the conversion portal. If your tokens are on centralised exchanges, then you can withdraw them to your web3 wallet first to start the process. (If you have our $SCLP tokens on Kucoin and Gate.io, you don’t need to follow the conversion process and Kucoin will take care of it from their end)&#x20;
2. Once the wallet connected, as per image illustration above you can see your current SCLP balance and respectively how many $EMYC tokens will be vested as per the representative TGE date **(Important note- TGE date and following vested dates on the conversion portal are purely for illustration purposes, and final TGE date will be announced in due time)**
3. **Although the conversion portal is live, users will only be able to get $EMYC on and from the date of TGE. The conversion portal will show the tokens that will be able to receive on TGE and the vesting thereafter.** <br>

As we mentioned in our acquisition [blog](https://blog.emoney.io/announcements/e-money-network-acquires-scallop-welcoming-sclp-holders-to-a-new-era), we are setting a 1:1 exchange rate for SCLP to EMYC for all holders. Once all the tokens are vested, you will get your EMYC tokens in a 1:1 ratio. At TGE, $SCLP holders will receive 12% of their converted holdings immediately with the remaining balance over first five months at 14.67% monthly and on sixth month at 14.65%.

$SCLP token holders will also always have the option to convert their $SCLP tokens to $EMYC with no expiration date. Vesting begins on the TGE date. If a user migrates their tokens later than that date, the vesting schedule will shorten accordingly.

### $SCLP Delisting

$SCLP token is currently listed on [KuCoin](https://www.kucoin.com/), [Gate](https://www.gate.io/), [LBank](https://www.lbank.com/), [MEXC](https://www.mexc.com/), [Toobit](https://www.toobit.com/en-US) and [Bitget](https://play.google.com/store/apps/details?id=com.bitkeep.wallet\&hl=en_IN\&pli=1) Exchanges, and the scheduled SCLP delisting date on all above exchanges is 22nd November 8 AM UTC . Kindly note that the $SCLP liquidity pool on the BSC chain will also cease to exist during that time. Every exchange where SCLP is listed has their own specific criteria and they will announce the delisting officially from their end on their twitter handles. Please keep an eye on the official social media handles of the exchanges which hold your $SCLP tokens for updates regarding the same. We will also share details on the delisting process of every exchange here on our official channels.

Looking forward to your support for $EMYC journey!!


# E Money Network and Solana integrates to power Compliance Focused BankFi Innovation in Web3

We are proud to announce that E Money Network has integrated with Solana, one of the most advanced blockchain ecosystems in the world. The Solana chain boasts of +[$9 billion](https://defillama.com/chain/Solana) in Total Value Locked (TVL), more than +$4.6 billion in stablecoin market cap, and +[5.3 million](https://defillama.com/chain/Solana) daily active user addresses.&#x20;

This integration brings the capabilities of E Money Network’s compliance-first BankFi infrastructure to Solana’s high-performance ecosystem. Together, we’re unlocking new possibilities for innovative projects that require compliance, enabling crypto to become a part of the mainstream world.

#### A Giant Leap for Solana: The Power of Compliance

With this integration, E Money Wallet becomes the first-ever MiCA compliant wallet on Solana, introducing a secure and regulations-ready environment for Solana users. E Money Wallet’s features include built-in KYC (Know Your Customer) and AML (Anti-Money Laundering) modules, enabling developers to seamlessly onboard users while meeting global regulatory standards.

This integration is a game-changer for Solana dApps, as it empowers developers to meet compliance requirements effortlessly. Whether it’s tokenizing real-world assets, facilitating DeFi lending, or onboarding users for decentralized physical infrastructure networks (DePIN), Solana projects now have access to ready-made compliance solutions through E Money Network.

#### E Money Network’s Licensed Infrastructure at Solana’s Disposal

E Money Network is the world’s first on-chain BankFi network, a milestone in blockchain’s journey toward mainstream adoption. Unlike other blockchains, E Money Network offers licensed infrastructure with inbuilt compliance modules for next-gen applications. With this collaboration, this compliant infrastructure is now accessible to the Solana ecosystem, enabling developers to build applications that require fiat integration and regulatory compliance.

Solana projects will also be able to seamlessly leverage banking services such as:

* IBANs(International Bank Account Number) for international transactions.
* Fiat-to-crypto on-ramping and off-ramping solutions.
* Issuance of country-specific stablecoins. These capabilities will make it easier for regulated applications like stablecoins, and payment gateways to operate within the Solana ecosystem, ensuring compliance without compromising on innovation.

### Solana Chain on E Money wallet&#x20;

E Money Wallet is a multichain Web3 wallet with support for 60+ major chains. **With the Solana chain integration in the E Money Wallet, users will be able to deposit and withdraw solana (SOL) and Solana native tokens, and use it as their default wallet to access the Solana ecosystem.** They will be able to conveniently switch between different blockchain networks such as Solana, Ethereum, Polkadot, etc. using a single interface. Thus, the E Money Wallet will power a rich Web3 experience for Solana users.

<figure><img src="/files/oM99PubLRTFbyb7igvq0" alt=""><figcaption></figcaption></figure>

Image: Solana chain on the E Money Wallet

#### Empowering New Use Cases on Solana

The integration unlocks a plethora of new opportunities for applications that require strict adherence to regulatory frameworks. Use cases that will thrive include:

* **Stablecoins**: Solana-based projects will be able to issue and manage fiat-backed digital currencies in a fully compliant environment.
* **Tokenized Real-World Assets (RWAs):** From real estate to commodities, developers will be able to tokenize physical assets on Solana with transparent ownership, custody, and compliance layers.
* **Institutional DeFi:** Solana projects will be able to securely offer lending, borrowing, and yield-generation services to institutions, bridging the gap between TradFi and DeFi.
* **DePIN:** Decentralized physical infrastructure projects will be able to scale globally while adhering to local regulations.

By simplifying compliance, E Money Network will empower Solana developers to focus on innovation, while taking care of regulatory alignment.&#x20;

#### BankFi Services for Solana’s Future Growth

Looking ahead, Solana’s ecosystem will have access to the complete suite of E Money Network’s BankFi offerings, ensuring its continued growth and evolution. As the collaboration evolves, there are endless opportunities for innovation that will open up, including but not limited to -&#x20;

* **Credit Cards Linked to Blockchain Accounts**: These cards will provide users with seamless spending options directly tied to their digital assets.
* **Country-Native Stablecoins:** This revolutionary service will foster global adoption with localized stablecoins for easy cross-border transactions. E Money Network’s BankFi infrastructure will support the issuance and settlement of various country-native stablecoins.
* **Enhanced Fiat-Crypto Solutions:** E Money's unique infrastructure will facilitate seamless switching between fiat to crypto for users. These enhanced on and off ramp capabilities can be deeply integrated within other dApps, so onboarding users and providing seamless fiat to crypto gateway will become easier for developers.

These services will not only enhance Solana’s ability to attract institutional adoption but also establish it as a hub for regulated blockchain applications.

### Building the Future of Blockchain Together

The integration of Solana into the E Money Network ecosystem is more than just a technical collaboration, it’s a shared vision for the future of blockchain. By combining Solana’s high-performance capabilities with E Money Network’s compliance-first infrastructure, we’re creating an environment where regulated projects can thrive without compromise.

This collaboration bridges the gap between decentralized innovation and real-world financial systems, empowering developers, users, and institutions alike. As the journey begins, we invite you to stay tuned for updates, resources, and showcases of how Solana and E Money Network are shaping the future of compliant blockchain solutions.<br>


# Highlights of X Spaces “From Code to Compliance: Regulatory Insights for RWA Tokenisation"

Hello everyone!

We are delighted to share with you that we had a great episode of Real World Alpha (RWA) Chats on the topic “From Code to Compliance: Regulatory Insights for RWA Tokenisation”. The episode saw participation from several luminaries in the field of RWA tokenisation. They shared valuable insights on the changing regulatory landscape in the crypto industry and recommendations on ensuring regulatory compliance.&#x20;

**Following are a few highlights from the episode -**

1. **Joseph, Founder & General Counsel at Axis on the existing global regulatory landscape for RWA tokenisation -**&#x20;

According to Joseph, there are different types of regulatory landscapes for RWA tokenisation across the world. The first type is where existing securities laws are applicable to RWA tokenisation. The US has this type of a regulatory landscape. Companies like Securitize that tokenise assets like shares and bonds report directly to the SEC.

Then, there are jurisdictions with specific laws for tokenisation. For example, in Switzerland, the Swiss code of obligations has the concept of ledger-based securities or DLT securities. In this arrangement, if you maintain an asset in a brokerage account, then via a ledger-based securities agreement which is recognised by regulators and the law, you can tokenise the asset and have a digital representation of it. The Swiss code of obligations for DLT securities also allows you to issue assets on the blockchain that are not backed by other assets. For example, if you are a company, you can issue shares to your employees directly on the blockchain.

Then, there are countries like the Cayman Islands which do not have a regulatory regime per se for tokenisation but you can have contractual agreements stating that you either have in your custody, or have a broker to hold tokenised products.

2. **Raj Bagadi, Founder and CEO of E Money Network on how E Money Network is leading the regulatory landscape for all RWAs**&#x20;

According to Raj, conversion of any asset from Web2 to Web3 has to undergo compliance and regulatory oversight. This involves following PSD2 laws, which are essentially the current banking laws. Furthermore, the asset has to be placed in the custody of a licensed entity like a broker or a commodities platform, and only then can the tokenisation of an asset take place.&#x20;

For example, if E Money Network wishes to offer 100 tokenised shares of a company like Tesla, then it has to have the actual shares in the custody of a regulated broker platform. Now, E Money Network will create a 100 tokenised Tesla shares - eTesla, which will then be offered to users. So, this is how MiCA is defining rules for the proof of custody and ownership in the context of tokenisation.

3. **Shashi Jha, Partner at Jigsaw on the definition of a real world asset as per regulatory language -**&#x20;

According to Shashi, defining tokenisation is difficult in the context of existing legal provisions, but tokenisation has existed since the time we have had assets. One of the earliest examples of tokenisation can be seen in fractionalisation. In the context of corporate entities, the issue of shares is tokenisation.

Today, tokenisation is understood in the context of moving centralised fractionalisation infrastructure to distributed ledger on blockchain. Thus, tokenisation is enhancing transparency and liquidity in existing fractionalisation mechanisms.&#x20;

Regulators across different jurisdictions have different approaches to tokenisation. Within the US, the securities laws come into play when we talk about tokenisation, and what they effectively do is slow down the tokenisation of assets like real estate and private equity by putting onerous compliance requirements on them. In Europe, the MiCA regulations provide a much clearer regulatory framework for tokenisation. They are also trying to harmonise rules across EU member states, potentially fostering growth in tokenisation. In the UAE, tokenisation falls under VARA regulations and is treated as securities issuance, and therefore, all securities laws are applicable to tokenised products.&#x20;

4. **Elisenda Fabrega, Manager and General Counsel at Brikken on how to overcome regulatory roadblocks in tokenisation.**

According to Elisenda, one of the chief issues in tokenisation is understanding which laws are applicable to a company. If a company wants to tokenise real world assets such as financial instruments, then MIFID ii regulations are applicable to them. However, if a company wants to help other companies tokenise their assets, then the DORA regulation is applicable to them. It is also important to understand how to be compliant with AML laws.

Apart from complying with DORA and MIFID ii, it is essential to understand and comply with the local laws of the jurisdiction in which the company is registered and the local laws of the jurisdictions of their investors and clients. And that is why it is important to have mechanisms for KYC and KYB.&#x20;

5. **Sercan Koc, Founder & CEO of Genesis on where the regulatory landscape for RWAs is headed -**&#x20;

According to Sercan, this is just the beginning of tokenisation. Most of the tokenisation happening right now is for securities, especially company shares. One of the problems of the industry right now is that companies that are offering tokenised shares also want to add other utilities to the tokens. This makes it difficult to regulate such complex products.&#x20;

The right approach in tokenisation would be to first categorise assets properly and have appropriate protocols for them. Then these protocols need to be integrated in smart contracts. For regulating assets under standard compliance laws, lawyers must work with developers.

These highlights are just a tip of the iceberg. Our episode contains in-depth discussion on regulatory compliance in the context of RWA tokenisation. If you missed listening to the session live, you can check out the entire recording here - <https://x.com/emoney_network/status/1841840308767596953>.

We will be back with more episodes of RWA Chats. Stay tuned!

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# Key Insights from the E Money Network X SuperTeam Bounty Contest Content

It’s an exciting, exciting time for E Money Network!

E Money Network recently integrated one of the biggest blockchain networks - Solana, marking a major achievement in its roadmap for powering a more secure, scalable and compliant ecosystem. E Money Network’s compliant Bankfi infrastructure including KYC and AML modules, support for issuing and managing stablecoins, and IBAN integration for international fiat transactions will add tremendous value to the Solana ecosystem. This integration opens up a world of possibilities for innovation within the world of Web3, and we are up for grabbing them all!

To celebrate this big win and create awareness around it within our community, we collaborated with SuperTeam to organise a bounty contest for Solana and E Money Network community members. They had to write a deep dive article on how E Money Network can support and enhance the Solana ecosystem. We got several amazing entries with some brilliant ideas, and we’ve already planning on including the best of them in our blueprints for development and innovation with Solana.&#x20;

### Here are the key insights we got from our community members’ deep dive articles -

1. Vivek Nakrani’s article lauds E Money Networks’ compliance functionalities as they make Solana a more attractive ecosystem for institutional investors and enterprises. By ensuring regulatory alignment and secure transactions, institutions are more likely to deploy significant capital, driving up TVL. Integrating E Money Wallet into Solana’s DeFi protocols will also encourage wider participation from both retail and institutional users. E Money Wallet’s simplified onboarding and robust compliance mechanisms, will make it easier for users to contribute liquidity to platforms like Serum, Raydium, and Orca.&#x20;

You can read the entire article here - <https://0xvivek88.medium.com/how-e-money-network-is-the-next-big-thing-35df61033b91>

2. Adnan Shamshi has highlighted the role of E Money Network’s compliance features for developers. For them, incorporating compliance solutions such as KYC, AML, and custody can be complex and time-consuming. Instead of diverting attention from core application features, developers building on Solana can rely on E Money Network’s seamless infrastructure. With EVM compatibility and Cosmos SDK-based modular tools, E Money offers ready-to-use compliance modules (like KYC and staking) or the flexibility to build custom solutions, making compliance simple and affordable. Moreover, E Money is investing in a developer-friendly ecosystem, offering comprehensive support and [grant programs](https://blog.emoney.io/faqs/grant-program) to further accelerate innovation. This means developers can focus on what truly matters: building groundbreaking decentralized applications, while E Money handles the regulatory heavy-lifting.&#x20;

You can read the entire here - <https://medium.com/@adnanshamshi424/e-money-network-the-bridge-between-real-world-assets-compliance-and-defi-innovation-12d61572bc9a>

3. Collin’s DeFi Pen delves into how E Money Network can improve crypto experience for users. He recognises that for years, crypto has been criticized for being too complex, too risky, and too volatile. E Money Network simplifies the experience:

* Fiat On-Ramps: Use your bank account to fund your Solana wallet with e-EUR or other fiat-backed tokens. No more bouncing between exchanges and wallets.
* Compliance You Can Trust: Know that your funds and transactions are secure, monitored, and aligned with global standards.
* Seamless UX: Whether you’re staking tokens, trading on a DEX, or investing in tokenized real estate, E Money Wallet makes every step intuitive.

You can read the entire article here -

<https://substack.com/inbox/post/152068129?r=hoysj&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true&triedRedirect=true>

4. Ehimen Faith underlines how Solana’s Integration with E Money Network will position the latter as a leader in compliant stablecoins innovation by aligning with frameworks like MiCA and ensuring adherence to strict KYC/AML regulations. This approach will enhance Solana’s reputation as a trustworthy Layer 1 protocol, attracting liquidity providers and regulated institutions to its ecosystem. Leading to increased interactions on Solana’s DeFi ecosystem, boosting total network value, and solidifying its role as a hub for regulated stablecoin transactions.

You can read the entire article here - <https://medium.com/@kolofaith24/deee-money-network-compliance-infrastructure-and-its-benefits-for-the-solana-ecosystem-78b396a631b5>

5. Panda Techie explains how E Money Network’s compliance-focused infrastructure will allow Solana entry into regions with strict regulatory environments (e.g., Europe). These markets represent a substantial user base that is currently underexploited due to compliance barriers. Given that Europe accounts for roughly 15% of global internet users, targeting these regions could realistically result in a 10-20% user increase. This is in direct correlation with user trust, which directly impacts user adoption rates. The quality of users is also a function of regulations. Users in regulated markets often have higher purchasing power. By accessing these markets, average revenue per user (ARPU) could increase, contributing to overall revenue growth of 15-25%&#x20;

You can read the entire article here - <https://pandatechie.in/2024/11/22/cryptos-future-lies-in-compliance-the-e-money-network/>

We are highly grateful to all our dear community members who participated in the SuperTeam bounty contest. We thoroughly enjoyed reading your well-researched, eloquently articulated pieces. As the E Money Network ecosystem continues to grow, there will be many more of such events in the days to come. Stay tuned for the latest developments at E Money Network.&#x20;

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# E Money Network Partners X WeFi: Decentralised Money Market Protocol to Integrate E Money Wallet

We are excited to announce that [E Money Network](https://emoney.io/) is partnering with [WeFi](https://wefi.xyz/), a decentralised money market protocol. With this partnership, WeFi will integrate E Money Network’s Web3 wallet within its ecosystem to enable users to manage their assets and conduct transactions in a secure and compliant manner.&#x20;

### E Money Network - A Secure, Feature-Rich Web Wallet

The [E Money Wallet](https://chromewebstore.google.com/detail/e-money-network/ndklagefmdogpfkffimjdnbnplllndic?hl=en\&authuser=0) is a Web3 wallet with robust security features and multi-chain support, which translates into safe crypto-asset storage and transactions across multiple blockchain networks. E Money Wallet is also equipped with native support for e-money tokens. This feature will enable users to mint e-money tokens in their wallet and use them within and beyond the crypto world after the implementation of Markets in Crypto Assets (MiCA) regulations in the EU.Furthermore, the E Money Wallet is working on integrating International Bank Account Number (IBAN) within itself to empower users to have a true Web3 experience in which they can conduct fiat, e-money and crypto transactions using one wallet.&#x20;

### Compliance at the Core of All Transactions

The E Money Wallet has an integrated KYC check, which aligns it with the upcoming MiCA regulations. Every entity or user signing up for the wallet must undergo a mandatory KYC check, and this ensures that only verified entities conduct transactions using the wallet, thus mitigating the risk of fraud and maintaining the integrity of the crypto ecosystem.&#x20;

Presently, the WeFi app is live on Linea, XinFin and Boba Network. Users accessing WeFi using E Money Wallet on any chain will also be in line with MiCA regulations automatically, contributing to the creation of a more robust, compliant and dynamic crypto community.&#x20;

### High-Powered Leverage Trading with WeFi’s Decentralised Platform

This partnership enables E Money Wallet users to access WeFi’s flagship product, AweFi, a platform for enabling seasoned traders and newcomers to maximise their profits by redefining the management of ETH/USDT positions on Base Testnet. Awefi’s introduction on the Base Testnet marks a significant leap towards the future of decentralised finance as it provides traders with a powerful new trading tool. E Money Wallet users will be able to access and utilise this WeFi’s suite of products in a secure, transparent and MiCA-compliant manner when the Wefi app will be live on Base mainnet in the future.&#x20;

### A Significant Milestone for DeFi Ecosystem

The partnership between Wefi and E Money Network represents a significant milestone in the DeFi space, as it brings together two industry leaders to power an ecosystem that enables users to access high-reward investment opportunities in a secure and compliant manner. The integration of E Money Wallet in WeFi's ecosystem will enhance overall user experience and set new standards for DeFi platforms in terms of security, transparency, and regulatory compliance. These security, compliance and efficiency gains will also extend to the Base Chain ecosystem with WeFi integration in the near future.

**About E Money Network**

[E Money Network](https://emoney.io/) is the regulated Modular RWA blockchain. It serves as an L1 blockchain designed for seamless interoperability between DeFi 2.0 and RWA tokenization, effectively establishing a network that aims to bridge the liquidity divide between Web 2.0 and Web 3.0.

For more information, visit:[ X](https://twitter.com/emoney_network) |[ LinkedIn](https://www.linkedin.com/company/emoneynetwork/) |[ Blogs](https://blog.emoney.io/) | [Whitepaper](https://whitepaper.emoney.network/)

**About WeFi**

[WeFi](https://wefi.xyz/) is a decentralised money market protocol that opens up investment loan options in DeFi for global users to invest in digital assets via multi-pool borrowing. WeFi allows cryptocurrency lenders to enjoy attractive, sustainable yields and borrowers to access predictable investment loans.

For more information, visit : [Blog](https://blog.wefi.xyz/) | [X](https://x.com/wefi_xyz) | [Docs](https://docs.wefi.xyz/)<br>


# Shaping the Future of Decentralized Finance and Universal Liquidity Abstraction: Kima Network

We are excited to announce our partnership between Kima Network and E Money, setting the stage for transformative advancements in the tokenization of Real World Assets and pushing forward the concept of universal liquidity abstraction.

### Bridging Traditional and Digital Markets <a href="#id-476f" id="id-476f"></a>

E Money Network is the first MiCA Compliant Modular blockchain that seamlessly connects DeFi 2.0 and RWA tokenization.\
The E Money Network aims to tokenize billions of dollars worth of RWAs, providing a crucial liquidity bridge between traditional markets and the burgeoning Web3 space. This platform not only facilitates secure and transparent tokenization of RWAs but also introduces a comprehensive ecosystem equipped with Proof of Identity, Proof of Compliance, Proof of Ownership, and Proof of Custody. These features ensure each transaction on the E Money Network is secure, transparent, and compliant with stringent international standards.

Further enhancing its security framework, E Money Network employs Zero Knowledge Proofs (ZKPs), which provide users with control over data access while maintaining confidentiality in smart contracts.

Additionally, E Money Network innovates with its Biometric Bridge technology, which integrates biometric data with user identities on the blockchain.

By leveraging these advanced technologies, E Money Network offers a fortified environment for transactions, setting a new standard for security and compliance in the blockchain space.

### Kima Network x E Money Partnership <a href="#ecd5" id="ecd5"></a>

In this partnership, E Money will integrate with Kima’s universal liquidity abstraction layer to enable seamless and secure bridging of traditional and digital assets, leveraging Kima’s Smart Transaction technology and E Money’s RWA tokenization capabilities.

This integration aligns with Kima’s goal of universal liquidity abstraction, where seamless liquidity across diverse asset classes and markets is achieved, enhancing the fluidity and efficiency of different financial ecosystems.

We firmly believe our collaboration will facilitate the widespread adoption of tokenized RWAs, enabling seamless transitions and interactions between the two financial systems.


# E Money Network and MAIV Welcome a New Era in RWA Investment

We are delighted to announce that we recently partnered with [MAIV](https://maiv.finance/) (Multi Asset Investment Vehicle) Finance, a leading project in the RWA space generating institutional grade opportunities for investors. This strategic partnership will help unlock new investment opportunities in the blockchain-powered RWA space.

### E Money Wallet Integration into MAIV Finance’s Ecosystem

MAIV Finance will integrate the E Money Wallet into its ecosystem, giving their users the convenience of using their IBAN accounts in the crypto economy. E Money Wallet, with IBAN functionality, supports seamless fiat-to-crypto and crypto-to-fiat liquidity, which enables users to perform fiat and crypto transactions with equal ease and efficiency from a single source.&#x20;

Furthermore, E Money Wallet also has multi-chain support which makes it a turnkey solution for transacting across different chains. Users of MAIV Finance will be able store crypto assets from different blockchain protocols and conduct transactions with them using one single product, that is the E Money Wallet. Making things even better is the E Money Wallet’s MiCA compliance. With KYC and AML modules built into its infrastructure, the wallet ensures regulatory compliance for every user.&#x20;

Thus, E Money Network will add great value to MAIV Finance’s ecosystem!&#x20;

### Access to High-Yield Investments for E Money Network Users

With this partnership, E Money Network users will be able to access MAIV Finance’s array of high-yield, secure investments and diversify their portfolios. In the RWA space, MAIV Finance’s distinguishing factor is its innovative yet secure and lucrative investment opportunities in the real estate sector.&#x20;

Instead of traditional real estate investing which is dependent on the success of individual properties, MAIV Finance facilitates investors in contributing to the financing of a project’s development and construction, and earning financing interest.&#x20;

Thus, with MAIV Finance, E Money Network users will be able to access fractionalised financing opportunities in high quality, early-stage, short- term property development projects that provide high returns.&#x20;

### A Big Win for RWA & Blockchain

RWA integration in the crypto space is still in its early stages. The consolidation of the offerings of E Money Network and MAIV Finance can play a major role in solving the problem of liquidity for RWAs, thereby accelerating their growth. For users, this collaboration unlocks never-before-seen opportunities for building wealth in a secure and compliant manner. Thus, the E Money Network and MAIV Finance partnership spells a big win for the world of RWAs and blockchain.


# E Money Network X RWA Inc: Integrating Compliance in Asset Tokenisation

We are happy to announce that [E Money Network](https://emoney.io/) has partnered with RWA Inc., a noteworthy blockchain project simplifying Real World Asset (RWA) tokenization and making traditionally expensive investments such as Veblen goods and real estate accessible to all. With this partnership, E Money Network and RWA Inc aim to ensure compliance for asset tokenisation at every level within the blockchain space.&#x20;

### Leading Compliance with E Money Network

E Money Network is a MiCA-compliant L1 blockchain with a modular RWA protocol which acts as a foundational platform issuing e-money tokens and powering next-generation RWA apps. With integrated KYC and AML modules, E Money Network ensures compliance across all operations. It recently released its native wallet - the E Money wallet, with integrated KYC checks.&#x20;

By partnering with E Money Network, RWA Inc, which already has a strong foothold in the UAE market, will be able to access new opportunities in the European markets with its compliance driven-approach. Furthermore, E Money Network’s bank-grade security features will ensure that users’ funds and data always remains secure.&#x20;

### Promoting Inclusion with RWA Inc.’s Effortless RWA Tokenisation

RWA Inc believes that RWA tokenisation will open doors for a more open economy. By simplifying asset tokenisation, RWA Inc is trying to transform tokenised RWAs from a blueprint into a real product that can be accessed by all.&#x20;

E Money Network users will be able to utilise RWA Inc.’s easy-to-navigate interface that provides direct access to the most helpful features and information at a glance. Users will be able to tokenise assets easily using the platform’s user-friendly tools without the need to know smart contract programming. This will enable more people to join the RWA economy powered by blockchain and gain access to assets with high entry barriers such as Veblen goods and real estate. Their tokenised assets will be eligible for trading on DEXes and other exchange platforms.&#x20;

### A New Force for Boosting the RWA Economy

The partnership of E Money Network and RWA Inc. is a pivotal moment for RWAs. Compliance is vital to establishing the legitimacy of RWAs and crypto among regulators and gaining user trust. The amalgamation of E Money Network’s compliance-focused approach and RWA Inc.’s user-friendly tools for RWA tokenisation, fosters a vision of creating an RWA economy which unlocks new opportunities for monetising RWAs and drives innovation and growth in the blockchain industry. Not only does this alliance open new doors for investment for users, but it also helps in bridging the liquidity gap between Web2 and Web3

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# E Money Network and Chorus One’s Partnership Seeks to Simplify Crypto Staking

It is a great pleasure for us to announce that E Money Network has partnered with [Chorus One](https://chorus.one/), a leading institutional staking provider operating on 50+ Proof-of-Stake networks including Ethereum, Solana, and Cosmos among others. This strategic partnership aims to empower E Money wallet users with seamless access to Chorus One's high-yield staking services, enabling them to maximize their crypto holdings' earning potential, and for Chorus One to further leverage opportunities presented by RWA tokenisation.&#x20;

### More Users for Chorus One; More Use Cases for E Money Network

[E Money Network](https://emoney.io/) is a MiCA-compliant L1 blockchain with a modular RWA protocol that functions as a foundational platform for RWA and new-generation applications. Chorus One believes in the potential of RWA ecosystem and tokenisation and hence, partnering with a leading MiCA-compliant RWA ecosystem like E Money Network that supports innovation, is an advantageous move. This partnership will enable Chorus One to tap into the opportunities presented by RWA tokenization while ensuring compliance.&#x20;

For E Money Network, the integration of Chorus One's staking services into the E Money wallet will enable its users to effortlessly stake their digital assets and earn attractive returns while maintaining the flexibility to access their funds as needed. Chorus One’s OPUS SDK, a powerful and secure ETH staking solution, enables institutions to seamlessly integrate staking services into their products and offer staking to their customers.&#x20;

<figure><img src="/files/j3asjNowGwCLdiM808tc" alt=""><figcaption><p><em>(Chorus One test integration on E Money wallet)</em></p></figcaption></figure>

This integration not only diversifies the services available to E Money users but also reinforces the network's position as a chain that supports interoperability. Furthermore, it aligns with E Money Network’s aim of bridging the liquidity divide between Web 2.0 (real world assets on chain) and Web 3.0 (crypto assets) by facilitating liquidity for staked crypto assets as well.

<figure><img src="/files/F58cbxqG27wGYtZMhgtn" alt=""><figcaption><p><em>(Chorus One test integration on E Money wallet)</em></p></figcaption></figure>

For Chorus One, this partnership provides it access to a wider user base, allowing it to expand its reach and solidify its position as a leading provider of staking solutions. The E Money Wallet also enables new users to access functionalities such as IBAN on-chain, multi-chain support and effortless on-off ramping.&#x20;

<figure><img src="/files/hpFDLFRQhYN0myS3XCkp" alt=""><figcaption><p>(Chorus One test integration on E Money wallet)</p></figcaption></figure>

### Enhanced Emphasis on Regulatory Compliance and User Trust

Both E Money Network and Chorus One have compliance at their core. E Money Network has KYC and AML modules integrated at infrastructure level to ensure compliance at every step.

With their commitment to ensuring MiCA-compliant operations, E Money Network and Chorus One’s alliance will provide their users with a secure and compliant platform for staking their crypto assets. This assurance of regulatory adherence is crucial for developing user trust in an industry that is rapidly evolving and requires a delicate balance between innovation and responsible governance.&#x20;

### Alliance Fostering Compliance and Innovation in Crypto Staking

The collaboration between Chorus One and the E Money network represents a significant milestone. By combining Chorus One's expertise in liquid staking with E Money network's commitment to regulatory compliance and user trust, this partnership paves the way for a seamless and rewarding staking experience for the crypto community. As the crypto industry continues to evolve, this strategic alliance serves as a testament to the power of collaboration and the shared vision of driving innovation while prioritizing user security and trust

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# E Money Network Partners with Redbelly Network to Accelerate Compliant Real World Asset Tokenisation

We are thrilled to announce that E Money Network is partnering with Redbelly Network, a regulated public Real-World Asset (RWA) network designed to drive compliant asset tokenisation. This strategic partnership aims to streamline RWA tokenisation by powering efficient, compliant and secure solutions for bringing real world assets into the realm of blockchain.&#x20;

### Integration of E Money’s Suite of Services in the Redbelly Network

E Money Network’s four foundational pillars - Proof of Identity, Proof of Ownership, Proof of Compliance and Proof of Custody ensure its adherence with the upcoming MiCA regulations from the ground up. With integrated KYC and AML modules, E Money Network enables compliance for each entity and transaction within its network, and for third parties that integrate its offerings within their ecosystems.&#x20;

With this collaboration, E Money Network will provide Redbelly users with a suite of valuable, compliant services, including:

* **E Money Wallet:** E Money Wallet is a crypto wallet with multi-chain and multi-asset support. Every entity signing up for the wallet undergoes mandatory KYC. E Money Wallet will empower Redbelly users to buy, sell and store RWAs safely on the Redbelly Network.&#x20;
* **E-Money Tokens (EMT):** E Money Network’s adherence to regulations will qualify it for issuing e-money tokens (MiCA-compliant stablecoins) when MiCA directives are implemented. E Money Network will provide Redbelly users not only the ability to buy, sell and borrow against E-Money Tokens, but also deploy them for other purposes such as facilitating DeFi transactions and simplifying on-off ramping.&#x20;
* **Bridging Web2 Liquidity into Web3:** With interoperability at its core, E Money Network will aggregate liquidity from Web2 with the help of EMTs to power next-generation RWA applications in Web3. This will contribute to more Total Value Transacted (TVT) for E Money Network and increase Total Value Locked (TVL) for Redbelly.

### A Synergy for Revolutionizing RWAs and Blockchain

RWAs are ushering in a new era of transformation and propelling adoption in the blockchain industry by expanding its use cases. The E Money Network and Redbelly Network partnership has the potential to set new standards for secure and compliant asset tokenisation, drive innovation and foster the development of new communities within the blockchain space&#x20;

The opportunities for innovation unlocked by combining E Money Network’s powerful wallet and e-money token issuance capabilities with Redbelly Network’s Compliant Asset Tokenisation (C.A.T) solution will bridge the Web2 economy of today and the Web3 economy of the future. By helping users explore new avenues of utilising their RWAs, the partnership will be a significant game-changer for liquidity in Web3. <br>


# E Money Network collaborates with Gala, a pioneering Web3 ecosystem

We are thrilled to announce that [E Money Network ](https://emoney.io/)has collaborated with [Gala](https://gala.com/), a pioneering Web3 ecosystem encompassing games, music and films.&#x20;

E Money Network is a modular MiCA compliant blockchain ecosystem that aims to tokenise Real World Assets (RWAs) and inject more liquidity into Web3. One of E Money Network’s core components is the E Money wallet with multi-chain support.&#x20;

The ecosystem will benefit from this wallet integration in the following ways -&#x20;

* **Seamless User Experience** - With the E Money Wallet integration, Gala users will be able to store their Gala tokens, in-game NFTs and other digital assets in the E Money wallet. They will be able to utilize their crypto assets securely and efficiently in the Gala ecosystem for accessing and interacting with games, music and films in it.&#x20;
* **Multi-Chain Support** - E Money Wallet’s multi-chain support will facilitate users in moving their crypto assets across chains seamlessly.&#x20;
* **Enabling MiCA compliance** - E Money supporting Gala chain in its ecosystem will help it facilitate compliant transactions. Every user will undergo all key compliance, identity, custody and ownership checks, ensuring that all transactions adhere to applicable regulations.
* **Comprehensive Security** - E Money Wallet’s robust security features will safeguard users’ funds and crypto assets at all times.&#x20;

### A Milestone for Blockchain in Entertainment

The E Money Network and Gala collaboration is a powerful new synergy for the blockchain-in-entertainment sector. \
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This collaboration signals the acceleration of interoperability in blockchain gaming which can foster new economic opportunities for game developers and gamers. It will strengthen compliance and security measures for the Gala ecosystem and provide a trusted environment for users to engage with the various features and offerings within the Gala ecosystem. &#x20;


# E Money Network Partners with zkCross Network to Power Seamless Liquidity in Web3

We are pleased to announce that E Money Network has partnered with [zkCross Network](https://zkcross.network/), a disruptive solution powering seamless cross-chain liquidity transfers in Web3. With this partnership, [E Money Network](https://emoney.io/) and zkCross Network aim to address the issue of complexity of user experience in Web3, and work towards providing a simplified, efficient and secure Web3 user experience.

### Seamless Access to Liquidity

zkCross Network, with its emphasis on blockchain interoperability, is focused on making blockchain, DeFi and dApp interactions as easy as Tradfi (traditional finance). It automates complex DeFi transactions like swapping and bridging, making cross-chain transactions easily accessible for all users.&#x20;

E Money Wallet, with multi-chain support, is geared to contribute to a more interconnected blockchain ecosystem in which users can transact across multiple chains seamlessly. By integrating with E Money Network's Wallet, zkCross Network extends its reach to a wider audience seeking a regulated and user-friendly platform for cross-chain activities.The unification of E Money wallet with multi-chain support and zkCross Network’s innovative liquidity solution can enable the creation of a powerful DeFi ecosystem that maximises liquidity efficiency for a large user base.&#x20;

### Compliance-Driven Web3 Interactions with E Money Wallet

Equipped with KYC/AML modules at the infrastructure level, E Money wallet ensures that each and every transaction processed through it is compliant with the upcoming MiCA regulations.&#x20;

Owing to this feature, the integration of E Money Network's wallet with zkCross Network’s protocol enables web3 users to ensure compliance as they navigate the diverse blockchain landscape and transfer liquidity across networks.&#x20;

Furthermore, the partnership also facilitates access to a compliance-driven fiat-to-crypto gateway. zkCross Network provides fiat gateways with 20+ fiat currencies that simplify fiat-to-crypto conversion with seamless fiat on and off-ramp solutions.&#x20;

With its MiCA compliant infrastructure, E Money Wallet is also enabled for issuance, settlement and custody of MiCA approved stablecoins, that is e-money tokens (EMTs) on its native blockchain- E Money Network. E Money Wallet combines native web3 wallet features (send, receive tokens from 0x, etc.) with upcoming IBAN on-chain features (send, receive e-money tokens), making it a comprehensive web2 + web3 wallet. \
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Thus, the integration of E Money Wallet with zkCross Network enables users to access additional on and off-ramping solutions, such as e-money tokens (EMTs like eEUR), providing users with secure and regulated access to an array of currencies - crypto, fiat and e-money tokens.&#x20;

### A Turning Point for Interoperability and DeFi

This collaboration marks a significant step towards mainstream adoption of DeFi, as it removes the barriers to entry and provides a regulated, user-centric solution for cross-chain interactions. E Money Network's compliant wallet, with its multi-chain and multi-asset support, serves as the optimal interface for users to access zkCross Network’s applications. zkCross Network’s one-click liquidity solutions are crucial for powering efficient, secure, and compliant cross-chain transactions. By bringing the two together, users can experience a more unified, dynamic and user-friendly DeFi ecosystem.&#x20;

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# E Money Network and Xend Finance Partnership Aims to Boost Financial Inclusion

We are pleased to announce that [E Money Network](https://emoney.io/) is partnering with [Xend Finance](https://xend.finance/), a universal framework and blockchain for worldwide assets tokenisation and on-chain management. In this partnership, Xend Finance will integrate the E Money Wallet in its ecosystem to propel its cause of expanding financial inclusion and empowering the unbanked population of the world.

### A True, Web3 Experience for Xend Finance Users with E Money Wallet

This partnership will enable Xend Finance users to navigate the Web3 world smoothly and securely using E Money Network's Web3 wallet - E Money wallet. Xend Finance users will be able to manage their assets, including the platform’s own stablecoin and other digital assets within the Xend Finance application using E Money Wallet. E Money Wallet, with its multi-chain support, offers secure storage and transactions of digital assets from diverse blockchains including Ethereum, Avalanche, BNB Smart Chain, Polygon and more.&#x20;

The wallet is equipped with the functionality to enable users to natively mint e-money tokens and use them within and beyond the crypto ecosystem after the implementation of Markets in Crypto Assets (MiCA) regulations in the EU. Furthermore, the wallet will soon have International Bank Account Number (IBAN) integration, allowing it to facilitate fiat transactions as well. Thus, the E Money Wallet will power a true, Web3 experience for users by fueling crypto, e-money and fiat transactions from a single source within and beyond the crypto economy.&#x20;

### RWA Tokenisation with a Compliance-First Approach

Xend Finance aims to improve financial inclusion globally by providing a universal framework and blockchain infrastructure for worldwide asset tokenisation and on-chain management of digital assets. A compliant-first approach is requisite for achieving this vision as it fosters trust among the community and authorities.&#x20;

A core component of the Xend Finance ecosystem is the Asset Chain, the native blockchain for their Real-World Asset OAE (Onchain Asset Environment) created to allow the seamless onboarding of all legally transactable asset types on-chain. The Asset Chain functions as a decentralised, open-source smart contract platform for facilitating quick, secure, scalable and compliant infrastructure for dApps.

E Money Wallet adheres to the EU’s Markets in Crypto Assets (MiCA) regulations by design. It is mandatory for every user signing up for the wallet to undergo a KYC check. Only KYC-verified entities and users are allowed to use the wallet, which is in line with the upcoming MiCA regulations. The integration of E Money Wallet in Xend finance's ecosystem, including the Asset chain blockchain, will enhance overall user experience and set new standards of security, transparency, and regulatory compliance.&#x20;

At present, users can access the Asset Chain testnet using the E Money Wallet.To use the Asset Chain testnet, users can download the E Money Wallet from [Chrome Web Store](https://chromewebstore.google.com/detail/e-money-network/ndklagefmdogpfkffimjdnbnplllndic?hl=en) and add it as an extension to their Chrome browser. After setting it up, they can add the Asset chain details as shown below. &#x20;

<figure><img src="/files/3R2DK2lnOyV1pEFEs6Xe" alt=""><figcaption><p>(Image details- Asset chain testnet details)</p></figcaption></figure>

Once the chain details are added then users can start exploring the testnet’s functionalities such as native bridge for multi-chain support, swap, RWA staking, RWA faucet, etc. on the Asset Chain testnet. When the Asset Chain mainnet is live, they will be able to add Asset Chain mainnet on E Money Wallet.&#x20;

<figure><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfhmRLKHxlSPPBfcnAftYZyGvoX8xljsPH_hShDrHOq03_AODKlCj6M3ckW3Hw03aJLteOmj1Wqi36esyRGew9nwm0D04aORrRMLIT5Xq0svyRi_wx4Jm05hk4kmLVTFq2ER5d6iQnqeCLUmXwaLP6Y7LlJ?key=8z-6KTNvvuZdVMifBbxVkA" alt=""><figcaption><p>(Image details- Asset chain testnet added on E Money Wallet)</p></figcaption></figure>

### Financial Inclusion at the Heart of it All

This collaboration is a crucial step in Xend Finance's efforts to bank the unbanked and drive financial inclusion, especially in emerging markets where access to traditional banking services may be limited. Currently, Xend finance ecosystem has onboarded 160k+ African users on its app. The integration of E Money wallet will empower Xend Finance users, including those who may have been previously excluded from the traditional financial system, to participate in the growing crypto economy and benefit from the platform's high-yield investment opportunities opened up by RWA tokenisation. Thus, this partnership helps Xend Finance to further strengthen its position as a comprehensive crypto-based financial inclusion solution, offering users a secure and user-friendly platform to access a wide range of financial services.&#x20;


# E Money Network X Patex: Democratising Finance at a Global Level

We are excited to share that E Money Network recently partnered with Patex, a pioneering RWA project in Latin America. With this strategic partnership, we aim to democratise finance at a global level while fostering inclusivity and innovation in the RWA space.&#x20;

### A MiCA-Compliant Blockchain Ecosystem in Europe for Patex

Patex, which has established its operations in Latin America, will be able to access European crypto markets via E Money Network. With upcoming MiCA regulations in the European Union (EU), E Money Network is presently working on developing a fully compliant blockchain ecosystem for European users.&#x20;

\
We have already launched our wallet with an integrated KYC check. We are now working on integrating cross-chain support and IBAN functionality within the wallet. With these features, both E Money Network and Patex users will be able to transact using digital assets from different blockchain networks and even fiat currencies.

\
The entire E Money Network ecosystem is being built with interoperability at the foundational level. With interoperability, Patex users will be able to navigate and use different applications in the ecosystem with ease without having to switch from one wallet to another for different chains.&#x20;

### Access to LATAM’s Massive User Base for E Money Network

E Money Network users will be able to access Patex’s suite of revolutionary products and services in the future. For example, [Patex](https://campus.patex.io/) Campus is an educational platform that empowers people with the knowledge to succeed in the blockchain industry. On this platform, users can choose their level, gain access to learning materials and earn a certificate. \
Patex’s product and service offerings include Patex Network - an L2 network designed for RWAs, Proof of Value - a reward system for the Patex Network community, PoV validators - a reward system for Patex Network validators, C-Patex exchange - a centralised platform for easy and secure crypto trading, and more.&#x20;

### A Partnership for a More Cohesive Crypto Community&#x20;

The E Money Network and Patex partnership unlocks a massive opportunity for connecting and uniting crypto communities from different geographies and providing them access to a wider range of products and services. This can be a game changer for the crypto space and lead to a significant increase in global adoption, enhanced liquidity, and greater innovation within the industry, ultimately paving the way for a more interconnected and robust financial ecosystem.


# E Money Network X Sharpe AI: Compliance Meets AI-Powered Innovation

We are delighted to announce that E Money Network is partnering with [Sharpe AI](https://www.sharpe.ai/home/), an AI-powered crypto super app designed for crypto intelligence and execution. In this partnership, Sharpe AI will integrate the compliance-driven E Money Wallet in their ecosystem to enable their users to navigate the Web3 landscape seamlessly.

### Bringing to Compliance to the Fastest Growing Crypto Super App

Sharpe is a crypto SuperApp that caters to a wide range of audience including DeFi power users, trading teams and institutional investors. E Money Wallet is aligned with regulatory frameworks in the EU owing to its integrated KYC module which allows only legitimate and verified users to access the functionalities of the wallet and all connected third-party apps.<br>

The integration of E Money Wallet in the Sharpe AI ecosystem will enable the super app to attain compliance across all of their offerings which include deep data intelligence, sophisticated DeFi strategies, perpetual and options trading and NFT trading. Every user who accesses the Sharpe Super App will be required to undergo a mandatory KYC process.&#x20;

### Convenience of Traditional Banking in Web3

E Money Wallet will soon bring the best of traditional finance to crypto with its International Bank Account Number (Iban) functionality. With this functionality, E Money Wallet aims to combine the ease and familiarity of traditional banking with crypto.&#x20;

Upon the launch of E Money Wallet’s IBAN functionality, Sharpe users will be able to on and off ramp efficiently, and use their wallet for conducting crypto, fiat and e-money transactions in Web3. Thus, E Money Wallet will deliver a comprehensive yet secure and compliant Web3 experience for users.&#x20;

<br>


# E Money Network X Buk Protocol: Powering a More Compliant, Efficient Digital Asset Marketplace

We are happy to share that E Money Network is partnering with [Buk Protocol](https://bukprotocol.io/), a blockchain project developing modular infrastructure for dynamic asset dApps and marketplaces. This partnership will enable Buk Protocol to leverage E Money Network’s compliance-focused approach to adhere to regulatory standards across all their operations.

### Alignment with Regulations for User Confidence

[E Money Network](https://emoney.io/) is an L1 RWA blockchain with integrated compliance modules. Each and every user accessing the E Money Network ecosystem has to undergo a mandatory KYC verification. Only KYC-verified users are allowed access to E Money Network’s functionalities, thereby making the ecosystem’s operations compliant with Markets in Crypto Assets (MiCA) regulations.

By leveraging the capabilities of the E Money Network ecosystem, Buk Protocol also ensures compliance across its operations by default, mitigating the risks associated with non-compliance. This alignment with regulatory standards enables Buk Protocol to enhance user confidence, develop market integrity, and attract more retail and institutional investors to their ecosystem.&#x20;

### Access to MiCA-Compliant E-money Tokens in the Future

E-money tokens(EMT\`s) are poised to replace non-compliant stablecoins in the EU on account of MiCA implementation. E-money tokens maintain a stable value by referencing a single fiat currency.&#x20;

By partnering with E Money Network, Buk Protocol will gain access to MiCA-approved e-money tokens in the future, facilitating secure, transparent and compliant transactions. This partnership will also enable Buk Protocol to power cross-border payments and propel liquidity within their ecosystem. Additionally, Buk Protocol can expand its market reach by leveraging the advantages of EMTs.&#x20;

\
In a nutshell, the partnership between E Money Network and Buk Protocol is set to foster growth and trust in the broader RWA realm by enabling compliant transactions, greater transparency and liquidity, and more robust security in asset management.


# ZetaChain X E Money Network: A Turning Point for Compliance-Driven Innovation in Web3

We are thrilled to announce that E Money Network has partnered with ZetaChain, an L1 blockchain for chain abstraction that enables developers to build simple, secure omnichain apps. With this partnership, E Money Network will leverage ZetaChain’s chain abstraction technology for its growing ecosystem. Additionally, E Money Wallet has already integrated ZetaChain mainnet to enable ZetaChain’s[ 3.1+ million mainnet users](https://www.zetachain.com/) to manage their digital assets across multiple blockchain networks from a single, unified interface.

### Transforming Digital Asset Management with Compliance-First Approach

[E Money Wallet ](https://chromewebstore.google.com/detail/e-money-network/ndklagefmdogpfkffimjdnbnplllndic?authuser=0)is a Web3 wallet designed to support crypto assets from leading blockchains and emerging RWA-centric networks. One of its key features is its integrated KYC module. Every user signing up on the wallet undergoes a mandatory KYC check. Owing to this feature, only KYC-verified users are allowed to engage with the ZetaChain ecosystem. Users can find the ZetaChain mainnet in the list networks supported by E Money Wallet.&#x20;

**Update/Download E Money Wallet to use ZetaChain ecosystem**&#x20;

**Link :** [**https://chromewebstore.google.com/detail/e-money-network/ndklagefmdogpfkffimjdnbnplllndic?authuser=0**](https://chromewebstore.google.com/detail/e-money-network/ndklagefmdogpfkffimjdnbnplllndic?authuser=0)&#x20;

### Secure and Compliant Access to ZetaChain Ecosystem’s dApps

The ZetaChain ecosystem has a comprehensive network of applications for a seamless, interconnected Web3 experience. Users interacting with the ZetaChain ecosystem through E Money Wallet will be able to experience secure and compliant access to these apps.

ZetaChain’s Send feature allows users to send the chain’s native token ZETA to and from selected networks, as well as deposit and withdraw their ZRC-20 assets between chains for a small fee.&#x20;

To use this feature, users can connect their E Money Wallet to the app using WalletConnect. Then, they can select the desired asset and input the amount they would like to move, select the networks they would like to move to and from, and ZetaChain will take care of the rest. \
**Link to Bridge :** [**https://hub.zetachain.com/send**](https://hub.zetachain.com/send)

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeVGMrjTuLCS822yMqVmuqmi-CEoUoy7bIfzzD43gggWCB7kIuEqqFjRNnUwI6OECGW4ViHvN3Yi5de9Ig3B0GjVu_BhhHVin0nFbo5NzImypZeh5ZK8hl2HFzGAFcjqL8qVVD0AfVihI9Mf8ZperE-QBa-?key=l18q83LrZiZ2IyX_iQ9GIQ" alt=""><figcaption></figcaption></figure>

Staking enables ZETA holders to participate in securing ZetaChain’s proof-of-stake network by staking ZETA to their own validator or delegating stake to an existing validator of the network. By staking their ZETA, users become eligible to receive a portion of the block emissions and fees allocated by the network and also gain rights to vote on governance proposals on ZetaChain.&#x20;

To access this feature, users can easily connect their E Money Wallet to the platform using WalletConnect.

**Link :** [**https://app.zetaswap.com/**](https://app.zetaswap.com/)

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcHgs-yBqvg50IeMCnvr-wrKazSfv2eQl-CLhcLz0eTF_E3V2dpZIjOMXY_qiL3uyjzCBcCfDVaK7d09TljZb0YuUs1neCu05XFm_yw0Gvgc2gVegsVkPjYleAsg-vx6WCrE_ZlVDPVV7CUt3ukSB0rm8wZ?key=l18q83LrZiZ2IyX_iQ9GIQ" alt=""><figcaption></figcaption></figure>

<br>

### A Revolutionary Alliance for the Future of Web3

This partnership is a major gamechanger for Web3, enabling users to experience a powerful blockchain ecosystem through an advanced, future-ready crypto wallet.&#x20;

By leveraging ZetaChain's chain abstraction technology, E Money Wallet users can enjoy a simplified, efficient  and secure experience when accessing the broader cryptocurrency ecosystem. They no longer need to manage multiple wallets or navigate the complexities of bridging assets between different blockchain networks.&#x20;

As the crypto industry continues to evolve, collaborations like this between leading blockchain projects and wallet providers will play a crucial role in bridging the gap between traditional finance and the decentralised future.&#x20;


# E Money Network X Kvants: A Powerful Synergy for Enhanced User Experience in the RWA Sector

We are excited to share that E Money Network is partnering with Kvants, an investment-enabled marketplace for AI-driven quantitative trading strategies In this partnership, E Money Network will leverage Kvants’ AI logic in its upcoming mainnet and Kvants will integrate the E Money Wallet in its app for providing their users an enhanced Web3 experience.&#x20;

### Compliance-driven Digital Asset Management for Kvants Users

E Money Wallet is a multichain crypto wallet with integrated compliance modules. Every user signing up for the wallet undergoes a mandatory KYC check, and only verified users are allowed to access the wallet’s functionalities. This means only KYC-approved users will be allowed to access the Kvants ecosystem through the E Money Wallet, simplifying regulatory compliance for Kvants.&#x20;

Furthermore, E Money Wallet will also be integrating International Bank Account Number (IBAN) functionality and support for e-money tokens. This will streamline digital asset management for Kvants users and enable them to utilise the E Money Wallet within and beyond the Web3 ecosystem in a secure and compliant manner.&#x20;

### Secure Access to Kvants’ Disruptive Products for E Money Wallet Users

With this partnership, E Money Wallet users gain secure and compliant access to Kvants’ decentralised asset management platform and sophisticated alternative investment strategies developed by experienced teams at quantitative hedge funds.&#x20;

E Money Wallet users can access the platform’s suite of products and services including API trading, Omni Chain vaults, DeFi vaults, insights, and recents market analysis and more. They can choose from one of Kvants’ three investment ecosystems - CeFi, OmniChain and DeFi. Furthermore, they can select portfolios such as Delta Neutral Index, Smart Alpha Index and Long Only Index to maximise their diversification and alpha generation potential.&#x20;

### One Wallet, Unlimited Scope for Growth

The partnership between E Money Network and Kvants is a gamechanger for digital asset portfolio management and trading. E Money Wallet’s focus on security and regulatory compliance, and support for crypto, fiat and e-money tokens, combined with Kvants’ AI-driven quantitative trading capabilities creates a powerful solution that can enable users to leverage advanced trading strategies to make the best of the dynamic crypto market.&#x20;


# CertiK Security Audit: A Testament to the Robust Security of E Money Network

We are thrilled to share that E Money Network has successfully passed a security audit conducted by leading blockchain security firm [CertiK](https://www.certik.com/). This milestone is a marker of the robustness of E Money Network’s security features, and will contribute to fostering confidence and trust in our community.

CertiK is among the top smart contract auditors in the Web3 space and provides a comprehensive suite of tools to secure blockchain-based products and services. CertiK has assessed nearly 16,000 projects and served over 4700 clients so far. CertiK’s meticulous and exhaustive auditing practices confirm the security and integrity of our smart contracts.&#x20;

### Why conduct a security audit?

Conducting security audits is a regular practice at E Money Network. We have conducted several security audits in the past and there will be many more to come in the future.

We do this because the blockchain space is continuously evolving, and so are the threats to its security. CertiK’s audit testifies our continuous commitment to maintaining the robustness of our platform, assuring our community that their security is our top priority. Furthermore, as we continue to innovate and develop our ecosystem, establishing a firm foundation cemented with secure smart contracts helps pave the way for future upgrades and scalability.&#x20;

E Money Network is a leading compliant RWA blockchain which will facilitate the creation, storage and exchange of millions of dollars of value after the launch of its mainnet. It is in the process of becoming one of the most powerful catalysts of growth in the RWA sector. So, it is important that our platform complies with the highest level of security standards.&#x20;

### An overview of the security audit by CertiK

CertiK’s comprehensive security audit focused on analysing E Money Network’s compliance with security standards, identifying vulnerabilities in the code and assessing overall health of the project. We are proud to share that E Money Network performed well on every front. With the help of CertiK’s feedback, we are now focused on making E Money Network’s security features even stronger.&#x20;

**Here is Certik report -** [**https://skynet.certik.com/projects/e-money-network**](https://skynet.certik.com/projects/e-money-network)

Here is a brief summary of the security audit&#x20;

### CertiK Security Score - 85.68

This score was calculated based on different factors including code, operational, fundamental, and community. E Money Network presently ranks at No 25 on the platform, and is among the top 10% projects in the RWA space.&#x20;

**Code**&#x20;

E Money Network scored an impressive 83.54/100 on Code. It has 0 critical issues and is among the top 10% projects assessed by Certik for this parameter.&#x20;

**Fundamental**

E Money Network scored 83.08 in this category and is among the top 15% projects assessed by Certik for this parameter.

**Operational**

E Money Network scored 85.74 in this category and is among the top 10% projects assessed by Certik for this parameter.&#x20;

**Community**

E Money Network scored 97.58 on Community and is among the top 10% projects evaluated by Certik for this parameter. The report highlights that E Money Network has high activity on X.&#x20;

### Conclusion&#x20;

E Money Network’s CertiK security audit analysis is a testament to the project’s consistent commitment to security and integrity in the larger blockchain ecosystem. E Money Network is actively implementing CertiK’s recommendations to strengthen its security and improve its efficiency. We will continue to stay on top of emerging security threats and best practices to mitigate them. Furthermore, we will keep publishing our security audit reports to maintain transparency and build trust with our community.&#x20;

\
You can check out the complete security report here - [https://skynet.CertiK.com/projects/e-money-network](https://skynet.certik.com/projects/e-money-network)


# E Money Network to Empower Plume Network Users with Fiat-to-Onchain Accessibility and Crypto Card

We are excited to announce that E Money Network is partnering with Plume Network, one of crypto sector’s fastest growing public blockchains optimized for the rapid adoption and demand-driven integration of real world assets (RWAs). Plume Network boasts of over [180+ apps and protocols](https://plumenetwork.xyz/ecosystem) in its ecosystem, and has [$4.5 billion in committed assets](https://docs.plumenetwork.xyz/plume#about-us) ready to be tokenized and distributed. It has already experienced over 280 million transactions across 18 million unique addresses.&#x20;

### E Money Network to Facilitate Fiat-to-Asset Purchases on Plume Network

The E Money Network is a revolutionary BankFi blockchain ecosystem that leverages International Bank Account Number (IBAN) functionality to enable smooth and efficient fiat (eEUR) on-and-off ramping. By integrating E Money Network’s fiat (eEUR)-to-onchain infrastructure, Plume Network will enable its users to use fiat (eEUR)for purchasing assets within its ecosystem.&#x20;

### How will the E Money Network integration work for Plume Network -&#x20;

1. Users will deposit fiat (eEUR) into their IBAN-linked wallets provided by E Money Wallet.
2. The fiat (eEUR)will be converted to tokenised stablecoins and bridged to the Plume Network for purchasing assets within their ecosystem.
3. On the E Money Wallet, users will select Plume Network from the list of supported networks. Users will be able to choose fiat (eEUR) for purchasing tokenised assets on Plume Network.&#x20;

### How will the E Money Network integration benefit Plume Network -&#x20;

1. E Money Network’s fiat-to-asset integration will ease the process of user onboarding. Non-crypto users, who were previously daunted by the complexities of engaging with crypto, will now be able to purchase blockchain-based assets with the ease of traditional assets.&#x20;
2. By bridging fiat (eEUR) to Plume Network’s blockchain-based assets, E Money Network will help in bringing new liquidity from traditional finance into Plume Network’s ecosystem.
3. By eliminating the complexities of traditional onramping and empowering users with direct fiat-to-asset access, Plume Network will power a rich user experience, thereby boosting user satisfaction and engagement.&#x20;

### Exclusive EMN Credit Card Discounts for Plume Network Ecosystem

Among E Money Network’s most disruptive BankFi ecosystem products is the E Money Crypto  Card which allows users to spend their crypto with the ease of cash. This card is aimed at enhancing the real world use cases of crypto and amalgamating it in the mainstream economy. Users can utilize the card for making purchases across food and dining, fashion, travel, e-commerce, retail stores, entertainment and other sectors, and earn up to 2% cashback on their purchases. The card will be supported across 150+ countries.&#x20;

In this partnership, the E Money Crypto card will provide Plume Network users with exclusive discounts and benefits, encouraging them to leverage it for their everyday purchases.

### Features of the EMN Crypto Card for Plume Network users -&#x20;

1. The E Money Crypto Card enables users to collateralize their crypto assets on Plume Network to access fiat credit lines of eEUR. Since users have already undergone KYC and AML checks while signing up on the E Money Wallet, their loan requests will be processed almost instantaneously in just a few steps.  Plume Network users will be able to enjoy using their E Money crypto card across 150+ countries with minimal forex charges.&#x20;
2. Plume Network users will gain cashback rewards for all of their spending. They can even choose their cashback rewards in eEUR or other tokenised assets on the Plume Network.

### Benefits of the E Money Card for Plume Network users -&#x20;

1. The E Money Card will add value to Plume Network’s tokenised assets by enhancing their utility and real world use cases. This is a significant advantage for Plume Network users as it opens up more opportunities for economic growth.&#x20;
2. With this integration, users unlock real value for users for their real-world assets! Unlocking real value increases the utility of users' assets on Plume, which builds economic value and grows Plume ecosystem user metrics and ecosystem metrics like TVL. In return, with our credit card, users will get benefits in return with cashbacks, rewards, and borrowing capabilities, leading to higher satisfaction and retention.

### E Money Network X Plume Network: An Industry-Defining Alliance for User Experience

Among many users aligned with traditional finance, crypto has a notorious reputation for being complex to navigate and limited in its use cases. The partnership between E Money Network and Plume is about to turn this opinion on its head by redefining user experience. There are a host of benefits for Plume Network from the integration of E Money Network’s BankFi blockchain infrastructure.

1. **Seamless non-crypto user onboarding -** This integration enables non-crypto to embrace tokenised assets without engaging in the steep learning curve of buying crypto. All users have to do is sign up on the IBAN-enabled E Money Wallet and deposit fiat (eEUR) into it to buy Plume Network’s tokenised assets. Not only is the fiat-to-asset process similar to purchasing any digital asset in the traditional economy, users also benefit from the Plume ecosystem’s extensive reach and liquidity enabled by E Money Network.&#x20;
2. High**er utility for Plume Network’s tokenised assets -** With the integration of the E Money Crypto Card in the Plume Network ecosystem, Plume Network users stand to benefit from higher asset utility and the application of tokenised assets in real world use cases. Their tokenised asset investments no longer have to sit passively in their wallets. Plume Network users can avail the exclusive benefit of initiating fiat(eEUR) credit lines by using them as collateral.&#x20;
3. **Higher user satisfaction facilitated by exclusive financial benefits -** The E Money Network X Plume Network partnership is a gift that keeps giving. Apart from using their tokenised assets as collateral for availing fiat (eEUR) loans, users gain the benefit of earning up to 2% cashback on all of their purchases in eEUR or crypto. This attractive reward is an incentive for users to spend their crypto like cash for their day to day purchases. This not only adds to user satisfaction and contributes to boosting the TVL of Plume, it helps in integrating crypto in the mainstream economy.&#x20;

In conclusion, the partnership between E Money Network and Plume Network represents a significant step forward in enhancing accessibility and engagement within the blockchain ecosystem. By combining E Money Network’s robust fiat-to-onchain infrastructure and crypto credit card capabilities with Plume Network’s expansive reach, this collaboration is poised to deliver seamless user experiences while fostering mutual growth. Together, they are setting a new standard for innovation and connectivity in the digital finance space, paving the way for a more inclusive and integrated global economy.&#x20;

\ <br>


# MiCAR: Ushering in a New Era of Stability and Security for Europe

By Raj Bagadi, Founder and CEO of E Money Network

The crypto market in the EU is on the cusp of a transformation with the implementation of Markets in Crypto Asset Regulations (MiCAR) already underway. These regulations have been designed to replace individual regulations across several EU nations with a single framework to ensure consistency, cohesiveness, consumer protection and market integrity in the EU’s crypto economy.

The framework mandates different classes of crypto assets and crypto-asset service providers (CASPs) to follow prescribed regulations in order to continue to operate legally and securely within the EU. While MiCAR implementation will ultimately benefit the crypto industry in the long run, the initial transition challenges are likely to shake up many aspects of the crypto sector.&#x20;

Stablecoins, a crucial component of the crypto economy, are going to be impacted significantly by MiCAR. As per the [regulations](https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32023R1114), stablecoins can be classified as asset-referenced tokens (ARTs) or e-money tokens (EMTs), depending on which assets they back. E-money tokens(EMTs) can only be issued by businesses licensed as [credit institutions (banks) or electronic money institutions (EMIs).](https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32023R1114) Furthermore, they must be backed by corresponding  reserves of liquid assets, and be redeemable at par with the issuer.&#x20;

Most stablecoins in circulation at present are not regulated, which is why major crypto exchanges are delisting stablecoins that do not meet MiCAR requirements from their European platforms. [Uphold withdrew  support](https://cointelegraph.com/news/uphold-delist-6-stablecoins-by-july-1-citing-mi-ca) for six popular stablecoins - USDT, DAI, FRAX, USDP, TUSD and GUSD from July 1. Similarly, Binance is also [delisting](https://www.binance.com/en/support/announcement/mica-stablecoin-rules-implementation-announcement-884c621e335540e0add5fdce31597121) “unregulated stablecoins”, including USDT.&#x20;

### **So, is this the end of some established stablecoins in the EU?**

This will be decided on a case-by-case basis upon MiCAR implementation. Let’s take the case of [DAI, an algorithmic stablecoin](https://www.gemini.com/cryptopedia/dai-stablecoin-what-is-dai-token#section-advantage-of-stability-for-dai-holders-and-security-features), which is not likely to be classified as an e-money token. It is  algorithmically pegged to the US dollar and collateralised by Ethereum-based assets. Its value is stabilised by a system of smart contracts that control the supply of DAI, depending on the value of the collateralised assets, so that DAI’s value always remains as close as possible to that of the USD. Thus, though DAI has a stability mechanism which relies on a basket of crypto assets, it cannot be classified as an asset-references token (ART) under MiCAR. This is because its parent organisation, MakerDAO, is not a legal entity in the EU. Similarly, Tether is also not licensed as an EMI in the EU. This dims USDT and EURT’s chances of gaining regulatory approval at present.

Now, let us look at the example of Circle’s USDC. USDC is a stablecoin backed by Circle Reserve Fund, a SEC-registered government money market fund. This fund holds a portfolio of short-dated US Treasuries, overnight US Treasury repurchase agreements, and cash. The reserve holdings are published on a weekly basis, as per [Circle’s website](https://www.circle.com/en/transparency). USDC can be redeemed 1:1 for US dollars. Apart from having multiple licences in the US, Circle has the [Financial Conduct Authority E-Money Issuer License](https://www.circle.com/en/legal/licenses) in the UK, and a conditional [Digital Asset Service Provider (DASP) licence](https://www.circle.com/en/pressroom/circle-secures-conditional-dasp-registration-and-appoints-head-of-french-operations) in France. Circle also has a euro-based stablecoin, [EURC](https://www.circle.com/en/eurc), that is backed 100% by euro, as per the company. It can be redeemed 1:1 for fiat and its reserves are held transparently at regulated financial institutions with monthly public attestations. Owing to its robust emphasis on compliance and transparency, Circle has already secured an [EMI licence](https://www.circle.com/en/pressroom/circle-is-first-global-stablecoin-issuer-to-comply-with-mica-eus-landmark-crypto-law) under MiCA framework in the EU, making both USDC and EURC MiCA-compliant stablecoins in Europe. &#x20;

So, becoming MiCA-compliant is the way to go forward for stablecoins? It is, although this is easier said than done. The business models of stablecoin issuers like Circle rely on issuing stablecoins based on cash and cash-equivalent like US treasuries and [making profits on interest of these cash equivalents](https://www.coindesk.com/business/2021/07/08/usdc-is-only-circles-second-biggest-business-spac-filing-shows/). The implementation of MiCA mandates stablecoin issuers to maintain 1:1 reserve assets with regulated custodians and have additional own funds. There are also requisites for maintaining transparency, ensuring security, managing risks and investing assets. Due to these requirements, stablecoin issuers might have to make some structural changes on how they issue stablecoins, custody the reserve assets and conduct their day-to-day operations to ensure compliance.&#x20;

While MiCA regulations are in the best interests of consumer protection and market integrity, the onus of ensuring compliance at multiple levels will translate into significant expenses for stablecoin issuers and might affect their profitability. For non-euro stablecoins, MiCA regulations stipulate further restrictions, thus disincentivizing their operations in the EU. Non-euro-denominated stablecoins must [cap their transactions](https://www.cnbc.com/2024/07/01/eu-mica-law-crypto-firm-circle-gets-french-license-for-stablecoin.html#:~:text=Under%20the%20rules%2C%20companies%20must,to%20Article%2023%20of%20MiCA.) at 1 million in number, a value of over 200 million euros (US$215.2 million) per day.

The implementation of MiCAR will have ripple effects all over the crypto economy, especially areas that have a direct dependence on stablecoins. Stablecoins facilitate liquidity which ensures price stability, and are a base currency in trading pairs on centralised platforms like crypto exchanges. The total stablecoin market has a market capitalization of more than [$160 billion](https://www.coingecko.com/en/categories/stablecoins), with a daily trading volume of upwards of $45 billion. USDT has contributed to nearly 70% of this trading volume. The delisting of USDT from major crypto exchanges in Europe will not only affect Tether but is also likely to hit crypto trading on crypto exchanges in general.&#x20;

At the time of writing this article, only Circle has gained an EMI licence and is offering MiCA-compliant stablecoins in Europe. There is a huge opportunity for stablecoin issuers to become MiCA regulated and establish themselves in an evolving crypto market. In order to ensure regulatory compliance, they need to actively reach out to EU regulators and seek guidance on incorporating best practices for gaining MiCA approval.&#x20;

Compliance begins at home. Stablecoin issuers must build or move to compliance-oriented infrastructure with built in KYC/AML modules to integrate compliance in their DNA. Furthermore, they must engage only vetted partners like regulated crypto exchanges and other crypto-asset service providers for maintaining the integrity of their stablecoins at every step to eliminate the risk of regulatory scrutiny and operational disruptions.&#x20;

Ensuring transparency will play a vital role in establishing integrity among regulators and the community. Therefore, stablecoin issuers must maintain and publish detailed attestations of compliance regularly. For example, daily independent third-party reporting on the Circle reserve fund portfolio is [publicly available via BlackRock](https://www.blackrock.com/cash/en-us/products/329365/), a renowned asset manager.&#x20;

The road ahead is difficult. The transition period between the removal of non-compliant stablecoins and introduction of new MiCA-compliant stablecoins will bring about disturbances in the crypto markets at many levels. Crypto exchanges are likely to experience reduced liquidity, increased volatility and operational issues as they adapt to the new regulatory environment. Users might also need to engage in a learning curve to become familiar with using new stablecoins and align themselves with compliance requirements. However, once the transition to integrating MiCA-compliant stablecoins is completed, crypto exchanges and stablecoins issuers will benefit from enhanced regulatory clarity, market integrity and investor confidence.&#x20;

<br>


# Why Do Web3 Developers Need to Focus on Building RWA Applications

By Raj Bagadi, Founder and CEO of E Money Network

Over the last few years, the crypto industry has been growing at a remarkable rate, contributing to the growth of a decentralised global economy. This shift towards decentralisation signifies inclusivity in economic processes and equitable distribution of rewards in the digital space. Additionally, it enables  users to have better control over their data and assets.&#x20;

The launch of Ethereum in 2016 is attributed as the starting point of this revolution. Ethereum opened up a world of new opportunities for developers to build decentralised applications (dApps). One of the most significant features of these dApps were, self-executing Smart Contracts which automated key processes and thus enabled greater transparency and accountability among stakeholders. Presently, Ethereum has a [market capitalisation](https://coinmarketcap.com/currencies/ethereum/#Chart) of over $400 billion.&#x20;

The next big innovation in the crypto industry were Decentralised Finance (DeFi) applications in 2019. DeFi dApps enabled disruptive new use cases for crypto and blockchain, and offered users more accessible, transparent and efficient alternatives to traditional finance. For example, with DeFi apps, users could deploy their crypto assets as collateral to secure loans, or lend them to earn interest. All in all, DeFi dApps enabled the biggest unlock of value in the crypto industry and became a transformative force in the financial markets.&#x20;

The Covid-19 pandemic saw the next phase of growth in the crypto sector brought about by Non-Fungible Tokens (NFTs) NFTs made it possible for  unique digital assets such as digital art and in-game assets to be tokenised, providing robust proofs of ownership and authenticity.&#x20;

However, not all DeFi dApps and NFT projects were successful in the ever-evolving crypto market. In fact, most of them failed to gain traction as they lacked a unique value proposition or were just imitations of established projects. During both the phases, the market soon became overcrowded with low-value projects without users and investors. At present, a small number of robust and authentic DeFi Apps and NFT projects continue to garner the interest of investors. Thus, the past DeFi and NFT-led market cycles underscore the importance of innovation and genuine value in sustaining growth and success in the crypto market.&#x20;

A good rule of thumb for powering the creation of real value and driving the growth of Web3 is developing applications that solve real-world problems. This is the distinguishing feature of the sector which is presently leading the latest phase of market growth in crypto - Real World Assets (RWAs).&#x20;

RWAs solve real-world problems. Whether it is bringing liquidity to assets or democratising investments or reducing fraud, I believe that RWA tokenisation can help resolve the pain points of traditional finance. This means that developers have the opportunity to create RWA dApps that attract both crypto and non-crypto users.&#x20;

The world has trillions of dollars worth of real world assets that can benefit from tokenisation, and only a little over [26k active blockchain developers](https://www.developerreport.com/), as per current data. Among these, only a small fraction of developers are working on RWA-centric applications. E Money Network is among the few blockchains tailored for facilitating the tokenisation of real world assets. So, there is a huge whitespace for developers to participate in the creation of innovative and meaningful solutions that bring a real positive difference to people’s lives. They can leverage users' existing familiarity with RWAs to build dApps that resonate with seasoned crypto enthusiasts and newcomers alike.&#x20;

From developing new RWA-centric chains to creating dApps that solve the pain points of different RWAs, the scope for innovation in the RWA space is immense and the barriers to entry are low. Web3 developers don’t even need to engage in a steep learning curve to grab this opportunity. They can utilise their existing knowledge of languages for blockchain development to build on Ethereum, Solana, BNB Smart Chain, etc. They can also explore next-gen blockchain networks that have already launched their testnets to develop and battle-test their applications.&#x20;

At E Money , we are developing an L1 blockchain for RWA tokenisation. Our integrated compliance modules enable regulatory compliance for everything that is built on top of the E Money Network by default.  [E Money Network](https://emoney.io/) also recently launched a [$2 million grant program](https://markets.businessinsider.com/news/currencies/e-money-network-launches-2-million-rwa-grant-program-to-spearhead-rwa-ecosystem-1033526473) for developers wishing to build RWA-centric applications on their blockchain.

Another important factor to consider is that till now, the growth of the crypto sector happened like the Wild West. However, this is not going to be the case with RWAs where authentic projects with disruptive potential get lost in the spate of subpar projects. This is because the rise of RWAs coincides with the implementation of regulations in the crypto sector.  Regulatory compliance is becoming mandatory for crypto projects.&#x20;

The initial phase of the [Markets in Crypto Assets (MiCA) regulations](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02023R1114-20240109) was recently implemented in the EU. It mandates regulatory compliance for different categories of crypto assets and crypto asset service providers (CASPs) to safeguard investors and promote market integrity.  RWAs, by nature, are subjected to a compliance regime because it is essential to authenticate the ownership of assets in real life. Assets such as real estate and financial instruments need their ownership, authenticity and custody verified off-chain to ensure that only bona fide data makes its way to the blockchain.

Thus, with the rise of regulations in crypto, developers have more clarity on the legal and regulatory frameworks they need to follow. This will enable them to create legally compliant applications that garner mainstream adoption by fostering trust in both crypto and non-crypto communities.&#x20;

It is evident that the future growth of crypto is going to be led by RWAs. Despite being in their nascent stages, RWAs are already seeing genuine adoption. At present, the Total RWA Onchain is worth nearly [$13 billion](https://app.rwa.xyz/), and as per a report by Boston Consulting Group, the tokenised assets market is expected to grow to  [$16 trillion by 2030](https://web-assets.bcg.com/1e/a2/5b5f2b7e42dfad2cb3113a291222/on-chain-asset-tokenization.pdf).&#x20;

At present, tokenised treasury products from traditional financial giants such as BlackRock and Franklin Templeton are major contributors to the current onchain value. Combined, these two tokenised treasury products boast of a current market capitalisation of over [$940 million](https://app.rwa.xyz/treasuries). However, there are RWAs across numerous sectors including real estate, commodities, intellectual property, etc. that are yet to undergo tokenisation and experience its benefits.

More RWA applications will not just solve real world problems, they will also lead the growth of the crypto industry and help it become a part of the mainstream economy. With E Money Network, we aim to lead this transformation by building a robust, efficient and scalable ecosystem for RWAs which provides unparalleled liquidity and confidence to investors. We strive to create an inclusive financial ecosystem that offers inclusive economic opportunities to all.

So, the time is ripe for developers to explore the RWAs sector and build applications which will bring real growth in the crypto industry. By tokenising real world assets, developers can unlock new levels of liquidity, transparency, security and efficiency in traditional industries. Furthermore, they can help promote equitable economic growth across the globe by democratising investment opportunities. RWA tokenisation is the next frontier of growth in crypto, and developers are uniquely positioned to drive this growth and change the face of finance as we know it.&#x20;


# RWAs are the Next Big Catalyst of Growth in the Crypto Industry; Here’s How

By Raj Bagadi, Founder and CEO of E Money Network

The world can be categorised into two groups - the crypto community and crypto sceptics. Unfortunately, despite crypto having stood the test of time, crypto sceptics far outnumber crypto advocates. Their criticism of crypto investments focuses on the risky, volatile and unregulated nature of these investments. They would rather contend with the comfortable familiarity of traditional investments as these are recognised as legal and operate within what are perceived to be safer regulatory frameworks. However, the crypto industry is at the cusp of a revolution which might just close the divide between the crypto and non crypto communities.&#x20;

At the heart of the crypto industry’s next phase of evolution are real world assets (RWAs) such as real estate, commodities like gold and oil, art and luxury goods. By allowing the tokenisation of RWAs, we are enabling these assets to be transferred into the crypto realm. This is achieved by creating digital representations of physical assets on a blockchain. In essence, RWA tokenisation marries the security and efficiency of crypto with the reliability and stability of traditional physical assets.&#x20;

Tokenisation of assets overcomes several problems that traditional finance faces when dealing with real world assets. For instance, traditional high-value assets that are difficult to liquidate as a single entity can be split into smaller manageable portions and tokenised. This makes it easier for these smaller fractionalised entities to be sold. These RWAs can be held as investments, traded freely on RWA marketplaces, or deployed in DeFi protocols for earning interest or availing loans. Furthermore, blockchain brings efficiency gains and enhanced security of transactions in managing traditional physical assets. Thus, by solving real world problems and empowering users with greater flexibility in managing their assets, RWA tokenisation incentivises traditional investors to embrace crypto.

By bringing more users to crypto, RWA tokenisation also enhances the liquidity of crypto which currently is significantly lower than that of the traditional financial industry. Take Ethereum, for example. Among ETH’s most significant use is in DeFi protocols in the Ethereum ecosystem as native asset and default collateral. So, ETH primarily derives its value from its use in DeFi platforms by crypto users. However, RWA tokenisation is poised to transform DeFi by enabling users to deploy their RWAs such as real estate and commodities as collateral in lending and borrowing protocols. In doing so, it will increase the demand and liquidity of ETH by expanding DeFi user base and transactions.&#x20;

Though the RWAs sector is still in its nascent stages, it is already experiencing rapid growth and adoption by financial giants. The current TVL of the RWA market is over [$6 billion](https://defillama.com/protocols/RWA), led by tokenised US treasury products from BlackRock and Franklin Templeton. New projects across other real world assets such as real estate, intellectual property and data are emerging with the promise of expanding and accelerating the growth of the RWAs sector.&#x20;

A crucial point to note is that this new wave of growth led by RWAs is happening at a very opportune time as regulatory compliance is becoming mandatory for the crypto industry. In Europe, the first phase of [Markets in Crypto Assets (MiCA) regulations](https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica) was implemented recently. [Several other countries](https://www.atlanticcouncil.org/programs/geoeconomics-center/cryptoregulationtracker/) including the USA, the UK, Singapore and Japan also have measures in place for crypto-specific taxation, AML/CFT, consumer protection and licensing policies in place.&#x20;

Let me explain why compliance is crucial to RWAs. RWAs fundamentally require the implementation of compliance measures as in the real world, linking real identities to assets is imperative. In the mainstream economy, there are government agencies and well-established mechanisms that maintain records of ownership of real world assets such as real estate and vehicles. When it comes to RWA tokenisation, it is important to ensure that the practice of recording ownership data accurately is also upheld in the realm of crypto for ensuring the legitimacy and trustworthiness of tokenised assets.

So, if the RWA tokenisation wave had emerged in the pre-regulations era, it is likely that it would have faced significant challenges in gaining the trust of the community. Without regulatory frameworks for safeguarding users and ensuring market integrity the credibility of tokenised assets would have been weak, leading to scepticism from individual investors and financial institutions. However, with the rise of regulations, all RWA-centric developments will fall under the ambit of law, giving peace of mind to investors.&#x20;

Another thing to be noted about the RWAs sector is that most of the existing blockchain infrastructure is deficient when it comes to facilitating regulatory compliance in RWA projects. Using public blockchains like Ethereum will pose regulatory and compliance challenges for RWA projects as they do not have a comprehensive compliance layer in place to meet the regulatory requirements of real world assets. For example, a global commodity ETF like [Global X Silver Miners ETF](https://www.globalxetfs.com/funds/sil/) (SIL) needs a regulated blockchain for transactions to be settled in a compliant manner. The use of blockchain in trading the global silver ETF will enable real-time-settlement in a market which is open 24X7, leading to enhanced liquidity and better price discovery. Thus, to facilitate compliance-driven growth of RWA projects, the industry is also witnessing the development of RWA-centric infrastructure. [E Money Network](https://emoney.io/), for example, is a blockchain with in-built compliance modules to ensure that every transaction and process is compliant by default.&#x20;

It is safe to say that RWA tokenisation nurtures a symbiotic relationship between real world assets and crypto from which both traditional investors and crypto stand to benefit. I believe that settling real world assets on blockchain rails will become a standard practice in the next 5 years, with RWAs-on-blockchain becoming a 5 to 10 trillion dollar market.  Emerging RWA projects need to bear in mind that they should have a strong use case and a user-friendly product geared towards both seasoned crypto enthusiasts and newcomers alike for achieving product-market fit. More people using the product will validate its success and lead to higher adoption of crypto.

\ <br>


# EMN Weekly Issue #1

Welcome to EMN Weekly!

EMN Weekly is a column we’ve started with the aim to keep you updated with RWA-centric news from the industry, tickle your funny bone with crypto memes and give you a brief refresher on the latest developments at E Money Network. This is our 1st issue and we hope you enjoy 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 RWA & MiCA News of the Week.

1. [Coinbase-supported Brickken to join European Blockchain Sandbox](https://cointelegraph.com/news/rwa-tokenization-platform-supported-by-coinbase-joins-european-blockchain-sandbox) - Brickken, a Coinbase-supported Web3 platform specialising in launching, managing and distributing digital assets for companies has been selected for participating in the European Blockchain and Distributed Ledger Technologies (DLT) Regulatory Sandbox. An initiative of the European Commission, the program aims to provide legal clarity for blockchain technologies by inviting public and private institutions to offer advice and best practices. Brickken, along with Coinbase, will share knowledge about tokenisation and blockchain technology with regulators and supervisors.&#x20;
2. [RWA Tokenisation: Infineo Mints $9 Million of Life Insurance Policies on Provenance Blockchain](https://www.tradingview.com/news/coindesk:e829d6b07094b:0-rwa-tokenization-expands-to-life-insurance-with-infineo-minting-9m-of-policies-on-provenance-blockchain/) - Infineo, a company focusing on blockchain-based life insurance policies recently shared that they have tokenised $9.4 million worth of life insurance policies on the Provenance Network, becoming the first company to do so. Infineo is also in the process of developing secondary markets for tokenized policies that enable peer-to-peer transactions and new offerings backed by tokenized life insurances.
3. [Ripple Collaborates with Archax to Bring Tokenised RWAs to XRP Ledger](https://thetokenizer.io/2024/06/17/ripple-collaborates-with-archax-to-bring-tokenized-real-world-assets-to-the-xrp-ledger/) - Ripple has announced a collaboration with Archax, a Web3 project that works with leading financial institutions to aid them in tokenising their financial RWAs. This collaboration is expected to bring millions of dollars of tokenized real-world assets (RWAs) onto the XRP Ledger (XRPL) over the coming year.&#x20;
4. &#x20;[TradFi Giants Leading New Wave of RWA Tokenisation Using Crypto](https://dailyhodl.com/2024/06/18/tradfi-dominating-tokenization-of-real-world-assets-trend-according-to-kaiko-analytics/) - As per a post by Kaiko Research, the new wave of crypto-based RWA tokenisation is being led by TradFi giants like JPMorgan, Fidelity and BlackRock. “Last week, Fidelity International announced its participation in JPMorgan’s tokenized network, becoming the latest institutional player to join the rapidly growing tokenization trend. In parallel, BlackRock’s BUIDL, its tokenized liquidity fund, continues to grow and has now accumulated over $460 million,” notes Kaiko Research.
5. [Stablecoins Getting Delisted Shows that Crypto Exchanges are Preparing for MiCA](https://news.bitcoin.com/crypto-exchanges-brace-for-eus-mica-rules-stablecoins-delisted-by-uphold-binance/) - MiCA implementation is round the corner and crypto exchanges are delisting non-compliant fiat-backed and algorithmic stablecoins to prepare for it. Recently, Uphold informed its European customers that it would delist six stablecoins - DAI, FRAX, GUSD, USDP, TUSD, and USDT from its EEA-based operations. Recently, Binance released a blog post stating that ‘unregulated stablecoins' were going to be excluded from nearly all Binance operations, including trading and custody services, reward programs, margin trading, Binance loans, and cloud mining services.

### Top Meme of the Week

1. [https://x.com/emoney\_network/status/1801254484544282928 ](<https://x.com/emoney_network/status/1801254484544282928 &#xA;>)

<figure><img src="/files/fAw1CBOEbm2lsOJcyrAe" alt=""><figcaption></figcaption></figure>

### Top E Money Network Posts of the Week

1. E Money Network: Powering RWA Ownership Tracker dApp - <https://x.com/emoney_network/status/1803414405163401486>

<figure><img src="/files/yNrgj6f3WppBYnNHtRDi" alt=""><figcaption></figcaption></figure>

2. E Money Wallet: Beyond Just a Web3 Wallet - <https://x.com/emoney_network/status/1803414405163401486>

<figure><img src="/files/4Cmo3XF2YNMS7kzH8BlL" alt=""><figcaption></figcaption></figure>

3. E Money Network CEO on Building an RWA Blockchain: -<https://x.com/raj_bagadi/status/1802967816712106339>

<figure><img src="/files/MBA9JiTQukWU4ep20Jkg" alt=""><figcaption></figcaption></figure>

### Community Spotlight

We’ve got an $SCLP airdrop round the corner, and here’s pretty much everything that you should know about it is here. The following thread is written by one of our community members.&#x20;

<https://x.com/VitaliiTrade/status/1801202011553120414>

<br>


# EMN Weekly Issue #2

Welcome to EMN Weekly Issue #2!&#x20;

EMN Weekly aims to keep you updated with RWA-centric news from the industry, tickle your funny bone with crypto memes and give you a brief refresher on the latest developments at E Money Network. 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. [MiCA Regulations: Bistamp Delists Tether’s Euro Stablecoin EURT](https://cointelegraph.com/news/bitstamp-delists-euro-tether-mica-compliance) - With MiCA regulations close at hand, crypto exchange Bitstamp announced that it is delisting Tether’s euro-pegged stablecoin EURT. The exchange’s decision is aimed at ensuring MiCA compliance, which comes into effect on June 30, 2024. The exchange also announced that it would not be listing any new e-money tokens (EMTs) that don’t meet MiCA requirements or engage in marketing them. However, EMTs, which are not euro-denominated and are already available on the exchange but not within MiCA regulation, will not be delisted, Bitstamp noted.
2. [MiCA Regulations: Binance to Impose Restrictions on Copy Trading and Several Stablecoins](https://www.financemagnates.com/cryptocurrency/mica-is-already-here-binance-restricts-eu-users-from-copy-trading-and-many-stablecoins/) - In preparation for MiCAR implementation, Binance has imposed restrictions on some key features of its exchange, including copy trading, from June 26, 2024. Binance will also limit the functionalities of “unregulated stablecoins” from June 30, 2024. However, ‘Stablecoins that are not regulated under MiCA, including USDT and others, will still be available for trading on Binance on Spot, for deposit and withdrawal and in your wallet, as normal. They will also be available to sell on Convert. Binance will not be delisting these stablecoins’ the exchange informed its European users in am last week.
3. [RWA Tokenisation Platform Swarm Markets to Offer NFTs based on gold ownership](https://www.theblock.co/post/301665/with-mica-stablecoin-rules-about-to-begin-rwa-platform-swarm-markets-to-let-users-buy-tokenized-gold-via-nfts) - Germany-based RWA tokenisation platform Swarm Markets is planning on offering gold-based NFTs to users. The NFTs will be available to only those users who pass KYC and AML checks. The gold bars backing the NFTs will be stored in Brink’s vault in London. Users will be allowed to swap the NFTs in a peer-to-peer manner via Swarm's decentralized over-the-counter (dOTC) platform.&#x20;
4. [Only $2T of Tokenized RWAs by 2030 in Base Case forecasts McKinsey](https://www.coindesk.com/markets/2024/06/21/mckinsey-sees-just-2t-of-tokenized-rwas-by-2030-in-base-case-with-broad-adoption-still-far-away/) - McKinsey’s latest report predicts that financial institutions are likely to embrace blockchain technology for traditional financial instruments at a slower pace and limited range of assets than more optimistic reports. Even in an optimistic scenario, the market for tokenised assets might go up to $4 trillion. These figures stand in sharp contrast to previously published reports by Boston Consulting Group and 21shares which estimate the tokenised assets market to grow to $10 trillion by the end of the decade.&#x20;
5. [MiCA Regulations Set to Accelerate Investment in Surveillance Systems in Crypto Trading](https://www.prnewswire.com/news-releases/mica-set-to-accelerate-investment-in-surveillance-for-crypto-trading-firms-302184018.html) - As per the report ‘The Impact of MiCA on Crypto Market Surveillance: Insights and Challenges’ commissioned by Eventus, crypto trading is likely to see an increase in surveillance systems due to upcoming MiCA implementation. The report is based on a survey and series of interviews with senior executives at 68 firms engaged in crypto trade across the buy-side, sell-side and exchanges. The study also reports that only about 9% of the firms that come under the purview of MiCA are prepared for its implementation, and about 25% have not begun any preparations.&#x20;

### Crypto Meme of the Week

<https://x.com/emoney_network/status/1806268794681073787>

<figure><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeiDKDwwmXb8MVhnQL_IKfNmmRCasaX91TiXutStSXj_eB4XN1z7u4gLMjrBQYcENXi4ZvC4vd8x_jHY8RLO_Aj50iR7VggRfC8IXIjrmzErM2kQ3BnUPVIsC69Iu2qZKragAbR2D3oX7EruGAvFtpXeMtm?key=cpxp-nWMjU0CT5g_EPgffw" alt=""><figcaption></figcaption></figure>

### Top E Money Network Posts of the Week

1. E Money Network partnered with WeFi for integrating E Money Wallet in the WeFi ecosystem - <https://x.com/emoney_network/status/1805616834881687620>

<figure><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfqVNjNT7BT8S4-AcHk8v-kjMsyT5dj8j1KgJ2zF-jKCtj4VQyEQl2idsw_mMyk92vkHU_NcM-2Y6_oNAglJfEVWOhLRPOhNU9BOzq7JR_Eec6Ob33oL6uMp1shs6BjCy_o7qVLPnhJCF-ROSFQmo7bn4zP?key=cpxp-nWMjU0CT5g_EPgffw" alt=""><figcaption></figcaption></figure>

2\. E Money Network is partnering with Freebnk for enabling their users to obtain an International Bank Account Number (IBAN) - <https://x.com/emoney_network/status/1805305884064600568E>

<figure><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdBQuaWBxxgZL2PEB7hCyOZMAL6zr1GQidzGPxRqTLhKFm4HxuT1nz823ICjJjiODstWeXl7W6iE4DkxQk5PafjWE5vZXkWfDxQ-Km2onpR4dt0G1FATElFdAS8W6z32zxR0698B9-eJnggBAKrrqzhQ8ut?key=cpxp-nWMjU0CT5g_EPgffw" alt=""><figcaption></figcaption></figure>

3\. E Money Network’s Proof-of-Stake (PoS) consensus algorithm makes our blockchain secure, cost-effective, efficient and scalable. Read more about it here - <https://x.com/emoney_network/status/1805583970207515097>

<figure><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeCdsH9P432-A_TnEoMbfgwn2Lhhu0MQRKQ6Q9olNncRFwIrf1oPHdFu20Yf_e1-8caZ8GcCAx2fKwY4MRRh28WyXC21rC7NoGx9JD4xCPe7yCldfrbeH26W6q70C1ML8U9BfTVC8DGk94urMnq6_uog_Ms?key=cpxp-nWMjU0CT5g_EPgffw" alt=""><figcaption></figcaption></figure>

### Community Spotlight&#x20;

Our dear community member highlights all the assets that E Money Wallet supports to help other community members gain a deeper understanding of E Money Network. Check it out here - [https://x.com/revolution\_coin/status/1805881340585513209\ <br>](https://x.com/revolution_coin/status/1805881340585513209)

<figure><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXe6vFXW5AM59yy9AM1Mc8_SgAoNw2vVM8vffo-CmfNX20c8Gb0_fY8HGOASVPVVtRqwk0NPs3FmQXz6thBPNv29tPNd_GC2DSeYQE5jvqRCwS-9SzjgGkt3GkuIivk6Un0aPejapcHIkop6VlA6UZ4DrGF_?key=cpxp-nWMjU0CT5g_EPgffw" alt=""><figcaption></figcaption></figure>

This is all for now. See you all next weekend with the next issue!


# EMN Weekly Issue #3

Welcome to the third issue of EMN Weekly!

We bring to you top RWA-centric & MiCA news, crypto memes and exciting developments happening at E Money Network in this issue of EMN weekly. We hope you enjoy 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 RWA & MiCA News of the Week.

1. [E Money Network Announces $2 Million Grant Program for RWA Development](https://dailyhodl.com/2024/07/03/e-money-network-launches-2-million-rwa-grant-program-to-spearhead-rwa-ecosystem/) - That’s right! As a part of E Money Network’s #BUIDLonEMN initiative, we have launched a $2 million grant program for developers with exciting ideas for RWA-centric dApps on the E Money Network. Eligible developers can win grants ranging from $5000 to $50000 and even more depending on the requirements and scale of the project. Apply [here](https://form.typeform.com/to/c3qyhAq3) for grants.
2. [Tether partners with BTguru to explore RWA opportunities in Turkey](https://crypto.news/tether-teams-up-with-btguru-to-explore-rwa-use-cases-for-banks-in-turkey/) - USDT stablecoin issuer Tether has signed a Memorandum of Understanding (MoU) with thinktank BTguru to evaluate RWA use cases in Turkey. As per the MoU, both the parties will “explore real-world asset tokenization use cases for banks”. Tether’s partnership comes at around the same time as Turkish President Recep Tayyip Erdoğan’ signing of a new bill into law for regulating the crypto industry.
3. [Chainlink and Fidelity to tokenise $6.9 billion worth of asset data](https://beincrypto.com/chainlink-fidelity-tokenize-fund-data/) - Chainlink, a blockchain abstraction layer, has announced a partnership with Fidelity International and Sygnum to bring $6.9 billion worth of asset data from Fidelity’s Institutional Liquidity Fund on blockchain by tokenising it. Chainlink’s technology will enable accurate reporting and on-chain synchronisation of Net Asset Value (NAV) data in a secure, automated manner.&#x20;
4. [Circle Becomes the EU’s Approved Stablecoin Issuer](https://www.financemagnates.com/cryptocurrency/circle-becomes-first-stablecoin-issuer-to-comply-with-mica-regulations/) - Circle has become the EU’s regulated stablecoin issuer with an Electronic Money Institution (EMI) licence under the MiCA framework for crypto regulation. The company received its licence from France’s banking industry regulator, the Autorité de Contrôle Prudentiel et de Résolution. With this licence, Circle’s stablecoins - US dollar-backed USDC and euro-backed EURT, will be issued in adherence with MiCA regulations.
5. [Cardano Shares Sustainability Indicators 6 Months Ahead of the Curve](https://cointelegraph.com/news/cardano-mica-compliance-sustainability-indicators) - Cardano, in partnership with Crypto Carbon Ratings Institute (CCRI) has released a sustainability report for Cardano Network that complies with the MiCA regulations in the EU. The report highlights that Cardano consumes significantly less energy as it runs on a more energy-efficient consensus protocol than proof-of-work protocols. It also reveals the total annualized electricity consumption and carbon footprint of the Cardano network, along with the marginal power demand per transaction per second.&#x20;

### Crypto Meme of the Week

<https://x.com/emoney_network/status/1808771157170028939>

<figure><img src="/files/B0WddMnWsbtZbDBwHY3r" alt=""><figcaption></figcaption></figure>

### Top E Money Network Posts of the Week

1. E Money Wallet now offers #ETH staking  <https://x.com/emoney_network/status/1808849199233945649>

<figure><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXezNZ6Q6NXV85L-nTicYff6wCSfmCdKb9YoUkgenaG1Ayj2h07krRnN_x2CRNjJawnZgwl0rxAJFRtyAEd0hYL3Uku3xdvPEW0Uc3tEJqacSCD8m5njvr5hAojfxoXrdPaob9m_iIZX86i4o8KXx9l4eFo?key=hMTkAqA60S8agXw8PsegYA" alt=""><figcaption></figcaption></figure>

2. E Money Network announced a whopping $2 million grant program for developers for propelling the development of RWA applications - <https://x.com/emoney_network/status/1808484703348855260>

<figure><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdrwpI9jH4QXhS8--5sXvsQgi0dbKbL7OggHwhhU1WZLQUZbhbyopl0u0aBa7sjSBts57-y-9sa6k35AnJUFmric-0MJ5XVKyP4aZyGpb4U_oExHnX-0AJPlPmOoz1FPCo3sQCO99pERwHPjJdTdTecITUx?key=hMTkAqA60S8agXw8PsegYA" alt=""><figcaption></figcaption></figure>

3. E Money Network partnered with Music Protocol to revolutionize music royalties - <https://x.com/emoney_network/status/1807720517585211668>

<figure><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcG9Qz_1409zbiQgXv9M7OoLdqEwajsGVO6WiL0QSPboG4zWmgpNbpEknpAW4S4452tLB03pjf9LpY469KVF82ebvKUjz8h9TMMkWH-uMIA1-yAll_2VpHUvpq3bNkDUeXZ_ntt6DSGI3sIlKqQbpzva0g?key=hMTkAqA60S8agXw8PsegYA" alt=""><figcaption></figcaption></figure>

### Community Spotlight

Three cheers for our dear supporter who are helping increase our grant program’s reach in the community - <https://x.com/emoney_network/status/1808500304234652075>

<figure><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfWzzKtRJbq8Og1vGBhQqcnQMhkiqh8AQNTDEBy_EJ5tRXCRYs1OpWMD3cS87XqfNVQtU5EvwdX6P9LnFlgp6C0eZ99thugtitylbVcW2ED6qT9en08pMb10AwaqcNSUv_HwIJOe5ObJDlUoDZ0YqVxOpw?key=hMTkAqA60S8agXw8PsegYA" alt=""><figcaption></figcaption></figure>


# EMN Weekly Issue #4

Welcome to the 4th issue of EMN Weekly!

\
We’ve got a roundup of the latest developments in the oh-so-happening RWA sector, some crypto humour and top E Money Network updates for you in this issue. Happy reading!

**What's in Today's Issue?**

* **This Week's Top RWA & MiCA News**
* **Crypto Humour for the Week**
* **Top E Money Network Posts of the Week**
* **Community Spotlight**

### Top RWA & MiCA News of the Week.

1. [BlackRock’s BUIDL Fund Crosses $500 Million as Tokenised Treasury Market Hits a New High](https://www.coindesk.com/business/2024/07/08/blackrocks-buidl-fund-tops-500m-as-tokenized-treasury-market-soars/) - Global investment giant BlackRock’s BUIDL token has become the first tokenised treasury product to surpass $500 million in value. The US securities-backed token, launched four months ago in partnership with Securitize, has been fueled by other decentralised finance (DeFi) protocols such as Ondo Finance and Mountain Protocol that are using it as a backing asset for their own yield-products. Other asset brokers including FalconX and Hidden Road have recently begun utilising the token as a collateral asset for their institutional investor clients.
2. [Bank of Italy Preparing to Launch Guidelines on MiCA Implementation](https://beincrypto.com/bank-of-italy-mica-crypto-regulation-guideline/) - Fabio Panetta, Governor of the Bank of Italy, shared that the Bank of Italy will soon share guidelines for MiCA implementation in a speech at the Italian Banking Association. “Our assessment is that the only instruments that can serve as means of payment fully preserving the public’s trust are EMTs, electronic money tokens, which can be issued by banks or electronic money institutions,” he stated, thereby, highlighting the significance of e-money tokens.
3. [MiCA Regulations Mainly Benefitted a Single Company as per Blockchain Analytics Firm Kaiko](https://crypto.news/mica-regulations-mostly-benefited-usdc-kaiko-says/) - The implementation of MiCA regulations caused a rush among stablecoin issuers to take measures for compliance with the regulations. However, despite the competition, only one company has benefited from this phase of implementation so far, as per French blockchain analytics firm, Kaiko. Since the implementation, MiCA-approved stablecoins euro-pegged EURC and US dollar-pegged USDC have seen significant increase in their daily trading volume.&#x20;
4. [Goldman Sachs Set to Launch 3 Tokenization Products this Year as per Report](https://cointelegraph.com/news/goldman-sachs-3-new-tokenization-products-this-year-report) - According to Fortune, Matthew McDermott, Goldman Sach’s Global Head of Digital Assets, the investment bank is set to launch three new tokenization products later this year in the United States and Europe following “a major uptick in interest from clients” in crypto. McDermott also revealed that Goldman Sachs is planning to develop marketplaces for tokenized real-world assets (RWAs) and focusing on the “fund complex” in the United States and European debt markets. Reportedly, the marketplace will set itself apart with its speed of execution and the range of assets that can be used as collateral.&#x20;
5. [Q2 Sees RWAs as the Best Performing Sector in Crypto as per Data Aggregator Artemis](https://cryptobriefing.com/rwa-crypto-performance-q2/) - RWA tokens grew by 28% during Q2 of 2024, outperforming all other crypto sectors according to data aggregator Artemis. This report is based on data of Ondo (ONDO), Mantra (OM), Clearpool (CPOOL), and Maple (MPL) tokens. The only other crypto sector that saw growth in Q2 was tokens of centralised exchanges as per their report. BTC and ETH saw a 10% and 2% decline respectively during the same period.&#x20;

### **Crypto Humour of the Week**

<https://x.com/emoney_network/status/1810971200614510748>

<figure><img src="/files/yXD5x2bWZM752tKvLOQq" alt=""><figcaption></figcaption></figure>

### **Top E Money Network Posts of the Week**

1. E Money Network partnered with Sheertopia for E Money Wallet integration - <https://x.com/emoney_network/status/1810705965093687479>

<figure><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXebrJZLWFRAn0j8lt-eoCfqCczeS_TErRrNbIiVl0VQlAhxO8V2vxASyWbGTGeoL9KagC3lkr9CsftBzbYH4qV8k14YDIa-5at_LnACjyxQcgICQpWhQeoMtjkVHAbUlB1DjWY8trpn-cjQZUkRjPmhrEb7?key=488Q3j5LJgkAWx0y7IXBNQ" alt=""><figcaption></figcaption></figure>

2. E Money Network Founder & CEO shared his thoughts about the effect of MiCA regulations on stablecoin issuers - <https://x.com/raj_bagadi/status/1811660892674703548>

<figure><img src="/files/P5MzSYQTynxpXaEVPNla" alt=""><figcaption></figcaption></figure>

### **Community Spotlight**

E Money Wallet recently integrated Chorus One’s crypto staking solution, enabling users to earn by staking ETH. The enthusiastic response of our community warms our heart - <https://x.com/emoney_network/status/1810708651172147535>

<figure><img src="/files/fiy1ODmK07cqWyam7V0x" alt=""><figcaption></figcaption></figure>

That’s all for now. We will be back next weekend with another issue of EMN Weekly. Stay tuned!&#x20;

<br>


# EMN Weekly Issue #5

Welcome to the 5th issue of EMN Weekly!

Our weekly post aims to update you with the latest news in the RWA space and developments at E Money Network, and tickle your funny bone with the crypto meme of the week. Hope you enjoy reading it!

**What's in Today's Issue?**

* **This Week's Top RWA & MiCA News**
* **Crypto Humour for the Week**
* **Top E Money Network Posts of the Week**
* **Community Spotlight**

### Top RWA News of the Week.

1. [Circle CEO points at bank risks around MiCA’s rules](https://dailycoin.com/circles-ceo-rings-alarm-bells-over-bank-risks-in-mica-rules/) - Jeremy Allaire, the CEO of Circle, expressed concerns about MiCA’s potential to destabilise the industry in a meeting with EU’s policymakers. As per Allaire, MiCA’s stipulations for reserve assets are problematic. They mandate stablecoin issuers to hold a significant amount of their reserve assets in cash in multiple European bank accounts. For “significant e-money tokens”, the percentage of such cash reserves is 60% of the issued tokens. Allaire believes that this stipulation can potentially induce risks to banking systems.&#x20;
2. [Malta to Serve as OKX’s MiCA Compliance Hub](https://cointelegraph.com/news/okx-malta-mica-hub-eu) - Cryptocurrency exchange OKX recently announced in a press release that Malta will serve as its Markets in Crypto Assets (MiCA) hub to ensure compliance in the EU. Malta’s “high regulatory standards” and the firm’s existing presence and infrastructure in the country has led to this decision. The press release also revealed OKX’s plans of offering spot trading to eligible EU residents through Okcoin Europe Ltd, including Euros and Circle USD. It will also offer crypto staking services and other trading options to EU residents once MiCA comes into full effect later in December this year.&#x20;
3. [Memecoins, RWA, AI dominated crypto narratives in Q2 2024](https://cointelegraph.com/news/top-crypto-narratives-q2-2024) - Memecoins, real world assets (RWAs) and artificial intelligence (AI) dominated crypto narratives in the second quarter of 2024 as per CoinGecko’s website traffic. Narratives related to these three categories captured as much as 36% of all CoinGecko web traffic during Q2. CoinGecko data also highlighted that Ether was inflationary in Q2, which means that due to an increase in supply, Ether’s purchasing power declined.
4. [NEAR Protocol Hits a Key RWA Milestone, Unveils First ETP](https://ambcrypto.com/near-protocol-achieves-rwa-milestone-rolls-out-first-etp-impact-on-price/) - NEAR Protocol has achieved a significant RWA milestone. Its partner, Valour, recently announced the launch of its first exchange traded product (ETP). The ETP is listed for trading on Sweden Spotlight spot market.&#x20;
5. [BlackRock, Ondo Finance and Superstate Plan to Participate in MakerDAO's $1B Tokenized Treasury Investment Plan](https://www.coindesk.com/business/2024/07/12/makerdaos-1b-tokenized-treasury-investment-plan-draws-interest-from-blackrocks-buidl-ondo-superstate/) MakerDAO recently announced its plans to invest $1 billion of its reserves in tokenized U.S. Treasury products. Top players in the space including BlackRock, Ondo Finance and Superstate have expressed interest in MakerDAO’s open competition. MakerDAO’s token MKR saw a 5% increase after this news.&#x20;

### Crypto Humour of the Week

1. <https://x.com/emoney_network/status/1813509925961879819>&#x20;

<figure><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdK7bm6AS5TtG8ZpiXd0pkCp7bM8inNxH6r7g5WIvj9bzixm5DZ11cEMROBO5wmidRJDr40hbK09XG9BzW4LFJHtusEdAtK_baN-wyhYoBEBeHmJmbk4lRfQwHhK3CVhuihOMTzSKSrv_SKDqVIPcqPtgw?key=DRgjCrEEsWKHGujRat1-uQ" alt=""><figcaption></figcaption></figure>

### Top E Money Network Posts of the Week

1. E Money Network partnered with RWA exchange platform EleveX to integrate E Money Wallet - <https://x.com/emoney_network/status/1813192949561229355>

<figure><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdGxObuunwGzRiupk2izGwJNds_yyK9-V511o7SnW3kMkAjM1H94Dq79-HES0bzCsMzl-Q8jWoDkbJe2Z3QAwgVMu03gO0okb7-tvffB7D8ciJBcoo7jRyOrZVSLe4s9oJIaEVV7CT0X_u0T7BDFOj20oY?key=DRgjCrEEsWKHGujRat1-uQ" alt=""><figcaption></figcaption></figure>

2. E Money Network Founder & CEO participated in an X Spaces session with industry leaders from Brickken, Giants Planet, Redbelly Network, Polytrade Marketplace and Zoth - <https://x.com/emoney_network/status/1813231806285537404>

<figure><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfScxa5IlV_5COU3dBZsroJG4IB5e9Vey1Ww15YsBaQh7fX36DErYJ7A3aaiO3Y-JL81S69yYIFJVOKA_6bhhUsI0COUKnaZnZJC6Hj-eBW41Jts5XOZdTQfBt-3wFTcejMeUmgGxeMy2B-bNC_AFwgqzrY?key=DRgjCrEEsWKHGujRat1-uQ" alt=""><figcaption></figcaption></figure>

### Community Spotlight

It is our vibrant community that keeps us motivated to keep striding forward and achieve new milestones - <https://x.com/DVickito/status/1813346477734785114>

<figure><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdIOZ3hH3uCYeskX7IuTZZoqBGMrbG4MrmtttzbJWOvVWHx-ZrQ7zm6CssC3zOROnpOl2LpGR_f9_wvF9Y05qIauHu2Kg-WgWV2EoRNsL8Ndq_ZYjbbItuhZh30tedmRHzcEFe3dx3oteqajQ7mOK3Ld3k?key=DRgjCrEEsWKHGujRat1-uQ" alt=""><figcaption></figcaption></figure>

That’s all for this week. See you next weekend with more updates and memes. Stay tuned!

\ <br>


# EMN Weekly Issue #6

Welcome to the 6th issue of EMN Weekly!

We bring to you trending hot RWA-centric and MiCA news of the week, crypto humour and latest developments at E Money Network. Happy reading!

What's in Today's Issue?

* This Week's Top RWA & MiCA News
* Crypto Humour for the Week
* Top E Money Network Posts of the Week
* Community Spotlight

### Top RWA & MiCA News of the Week.

1. [Deutsche Telekom to run standby masternode for RWA-focused XDC Network](https://www.coindesk.com/business/2024/07/25/deutsche-telekom-joins-rwa-focused-xdc-as-infrastructure-provider-in-digital-asset-push/) - German telecommunications giant, Deutsche Telekom’s subsidiary recently announced that it will offer its services to XDC Network. XDC Network is a blockchain focused on RWA tokenisation, trade finance and decentralised physical infrastructure (DePIN). As per the announcement, Deutsche Telekom MMS, which specialises in cloud and internet infrastructure, is going to offer infrastructure services to XDC Network and run a standby masternode.&#x20;
2. [RWA platform AgriDex settles first trade on Solana](https://www.theblock.co/post/307055/agridex-completes-first-agricultural-rwa-trade-on-solana) - AgriDex, an agricultural RWA marketplace, recently executed its first trade on the Solana blockchain. The trade involved enabling over 200 bottles of olive oil and numerous cases of wine to reach London from their sources in South Africa. The platform charged a 0.15% fee on each side of the trade for helping in conducting this trade.&#x20;
3. [Backed & Lisk partner to boost RWA adoption across emerging markets](https://crypto.news/backed-lisk-partner-to-foster-rwa-adoption-in-emerging-markets/) - As per a recent announcement, RWA tokenisation platform Backed and L2 blockchain Lisk have partnered for accelerating RWA tokenisation across emerging markets. “Backed’s innovative approach to RWA tokenization, coupled with our focus on interoperability and Emerging Markets, will accelerate the adoption of blockchain-based solutions and empower individuals in regions with significant potential for growth,” shared Erwan Mismaque, head of on-chain finance at Lisk.
4. [Polytrade Launches Planet Refi’s Messi-backed RWA on-chain](https://www.zeebiz.com/agencies/real-world-asset-market-polytrade-brings-messi-backed-rwa-on-chain-in-partnership-with-planetrefi-302629) - RWA marketplace Polytrade has announced the launch of Planet Refi’s Limited Edition Messi Golden Boot Draw on its platform to mark Argentina’s victory in Copa America. This will enable fans to own a signed, limited-edition golden boot based on the left boot of Lionel Messi.&#x20;
5. [EU shares new guidelines for crypto asset classification under MiCA](https://cointelegraph.com/news/eu-mica-crypto-asset-classification-tools) - Three regulatory bodies in the European Union -  the European Banking Authority, the European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority recently published a consultation paper clarifying the classification of digital assets in the EU. The paper is aimed at enabling crypto firms to understand whether a token falls under MiCA through question-based prompts, and whether the token is a standard crypto asset or an electronic money token (EMT) or asset-referenced token (ART).

### Crypto Humour of the Week

<https://x.com/emoney_network/status/1815343487006757034>

<figure><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcp-bAOPeR730UHh_gOS03GIMpluj0LficClXjYuJ2xnrhacPRY_jYbjDXGxEHGELwsMMJ17om4zOkNCzDG42wAcXdLP7hh2h5Qvtbh13khkpDqixbQK-D66iU18Ep4sjWMydQ8erPkmB8MX89Wur66tt93?key=bV_BH2AZ8yAqfbFl1rcgXA" alt=""><figcaption></figcaption></figure>

### Top E Money Network Posts of the Week

1. E Money Network announced WalletConnect feature for accessing dApps and -

<https://x.com/emoney_network/status/1815406498798883024>

<figure><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcIQQWTvvr7OhFFb8OtZ90WF-Aa5Vtxc5bDDihzyXMu_0ahg3xy8-xmnPTGIPrMCbzhGIOyAX7be6X6VMJJ8pZYjCk-RAhjJsJzu1Tg1gMjeOjQ2FyfCcKMRL3QAdVcUTCu3CCAzi227yH20DNgY0pXOSE3?key=bV_BH2AZ8yAqfbFl1rcgXA" alt=""><figcaption></figcaption></figure>

2. E Money Wallet integrated Xend Finance’s Asset Chain testnet - <https://x.com/emoney_network/status/1816087227337785558>

<figure><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXf0l8Cn6bwr3KPVGXJ8-ZzZY2-BEsV7ExOHKRZylcI8vaRcRrJnBYrgtdrEQpvRfiECP0XAPhbAbWrkwhCBJn30hxbQ-apr5oOqithiBq49OY-ozlvPCtnlygZFBVZVWUhPZsPB02egjEk6yomkMyNMlOk?key=bV_BH2AZ8yAqfbFl1rcgXA" alt=""><figcaption></figcaption></figure>

3. E Money Wallet recently integrated Redbelly Network testnet - <https://x.com/emoney_network/status/1815743966802825242>

<figure><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXee4AhBe8MQTii2Pzfdv6Nw1kfc8B8uwTQO27mpKvUXP4-tcJrOU936eOZjF3HIuyvt9uDEJzHQEQfgCaYWB2Ql1_u9-N04gfCzi5GQX5gfivKXo3Nhgq8yGeWTCYYLeFfLR2vcNdIDRtpnPAR-YQL3vlw?key=bV_BH2AZ8yAqfbFl1rcgXA" alt=""><figcaption></figcaption></figure>

### Community Spotlight

E Money Network recently added several exciting new features on E Money Wallet and our dear community members are helping spread the word about them - <https://x.com/blockchain_goat/status/1815748755871744435>

<figure><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXejEVfuV9uujYgq9J-TpvdQ4QfIRGqLKttSupJKXXG6_Eu789NsuHGWxPqtYkG9bPvo3MbchvTGMPDSSIBMv4nAaAH0qrvIleRSL5bCz0rPZ6fLnLjkShRK52sdYxI4BjHzH2Mm5HqFwFw0JRnHHLvROPw?key=bV_BH2AZ8yAqfbFl1rcgXA" alt=""><figcaption></figcaption></figure>

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


# EMN Weekly Issue #7

Welcome to the 7th issue of EMN Weekly!&#x20;

We’re excited to bring to you RWA and MiCA news from around the world, latest developments at E Money Network and some crypto humour to tickle your funny bone. Happy reading!

**What’s in Today’s Issue?**

* **This Week’s Top RWA & MiCA News**
* **Crypto Humour for the Week**
* **Top E Money Network Posts of the Week**
* **Community Spotlight**

### Top RWA & MiCA News of the Week.

1. [RACE Launches Mainnet of RWA-focused L2 Blockchain](https://thetokenizer.io/2024/07/29/race-launches-first-layer-2-blockchain-purpose-built-for-rwa-tokenization/) - RACE, a leading full-stack modular infrastructure platform, recently announced the mainnet launch of its Ethereum L2 blockchain. RACE’s blockchain is specifically designed for tokenising and distributing RWAs. Leveraging Optimism’s OP Stack, a solution for scaling Ethereum, RACE’s new blockchain has joined Optimism’s Superchain with OP Mainnet and Base. Owing to this integration, users will be able to experience improved asset interoperability, higher speed and enhanced security.
2. [Mercado Bitcoin Makes First On-chain Sale of Digital Fixed Income Tokens on XDC Network-Powered Platform](https://www.newsbtc.com/news/company/xdc-network-leads-rwa-the-first-brazilian-on-chain-dollar-linked-token-paying-9-2-a-year-by-mercado-bitcoin/) - Latin America’s largest digital asset platform, Mercado Bitcoin, recently made its first on-chain sale of Digital Fixed Income tokens on a platform powered by XDC Network. This transaction marks the first on-chain case related to a RWAs by a Brazilian company in the international market. The dollar-token offers an impressive 9.2% yearly return as compared to US treasury bonds which earn 5.25% to 5.5% per year.&#x20;
3. [Hydro Protocol Launches RWA Initiative in Partnership with Ondo Finance and Injective](https://www.crypto-news-flash.com/hydro-launches-rwa-initiative-with-ondo-finance-support/) - Hydro Protocol recently announced the launch of its RWA initiative in partnership with Ondo Finance and Injective. This will enable Hydro Protocol’s users to access Ondo Finance’s USDY, which has been integrated into Injective. USDY is a yieldcoin pegged to US short-term treasuries and offers a yield of 5.3% APY.
4. [ESMA Expresses Concerns About Authorisation of Global Crypto Firms Under MiCAR](https://www.financemagnates.com/cryptocurrency/esma-warns-on-non-eu-crypto-venues-ncas-to-monitor-mica-compliance/) - The European Securities and Markets Authority (ESMA) has voiced concerns in an Opinion regarding the authorisation of international crypto firms under the Markets in Crypto Assets (MiCA) regulations. The Opinion highlights the risk associated with global crypto firms that seek to offer services such as crypto brokerage in the EU while keeping the bulk of their operations, such as intra-group execution venues outside the EU’s regulatory framework. ESMA believes that such activities could compromise consumer protection and give these firms unfair advantage over EU-authorised execution venues.
5. [Bitvavo to Use Nasdaq’s Market Surveillance Ahead of MiCAR Implementation](https://coingape.com/bitvavo-taps-nasdaq-to-bolster-security-ahead-mica-implementation/) - Crypto Exchange Bitvavo has signed an agreement with Nasdaq to deploy their market surveillance technology to mitigate market abuse ahead of the MiCAR implementation in Europe. The Amsterdam-based crypto exchange will enhance its market abuse detection measures through detailed trading insights, order book replay with a consolidated audit trail, and analyse suspicious activity through alerts.&#x20;

### Crypto Humour of the Week

<https://x.com/emoney_network/status/1818219276362285457>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeZ4LbBmPVeksakb5gKYgC9CFTTI4xlKIVW9yio_F65-olR15eqQlCwXCGxFUDPFpdEDgUKEcF_s94vOCSSY9n0g8McXO1Vs6iiKBD1fvyFr79B2lPDgzcBD_xgVZ43I3zXAQShbqftSKqt5Ry-4jhmKibY?key=EOfMhqQsZM2MJMaZWPWu4g" alt=""><figcaption></figcaption></figure>

### Top E Money Network Posts of the Week

1. E Money Wallet recently launched the WalletConnect features which enables users to link their wallet to any dApp and navigate the Web3 space easily and efficiently - <https://x.com/emoney_network/status/1816859711678951867>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeiMrbIgRpi8iS4IzYrica8e97HNCc5J6J1UyUReHR3_JYgXrqoeng0Mqzqkjf8yrTNuJi-ljtG6vdoGE9N6kLGdlO_RRPldCW6bMXoVB2Uu9MyTzlc6CnE8mnWD0M3nDBuQkIF5kH8ZMPSGsCaJSye-UYN?key=EOfMhqQsZM2MJMaZWPWu4g" alt=""><figcaption></figcaption></figure>

2. E Money Network partnered with Sharpe AI to integrate the compliance-driven E Money Wallet in their ecosystem - <https://x.com/emoney_network/status/1818262951553352173>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfUqdf6gLafVBkJm3kc75jQMHDpVW-mPvi6MGI4o3lyOUKW9taZanspxq6iSJriK0Rq9N1T2oArIOgTp9NoGByRHna9D3F3podKtuhsU3VF_O1RS2oDWRHyM1w0TEUIr2cfMbpUKUJg-SpejKLo2G1ZsFvp?key=EOfMhqQsZM2MJMaZWPWu4g" alt=""><figcaption></figcaption></figure>

3. E Money Network kicked off the first session of Real World Alpha Chats - <https://x.com/emoney\\_network/status/1819016529075192061>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfBRpibKFjyHtOV2BhxSTAtdyg5QTWXq34XV0xPbTAVZLqqucblLo6j-PjuYqECGmEieFqC_9rIf54IEvW-n--CaUOhVYy0ruCGMn4zRGykS9DNaidqjt8RMG8mZRke2F0azLXgkk74I-x5mZpJMs7E3qCB?key=EOfMhqQsZM2MJMaZWPWu4g" alt=""><figcaption></figcaption></figure>

### Community Spotlight

Ever grateful to our community members for always keeping us motivated to do more - <https://x.com/SilverBulletBTC/status/1817927622313021895>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdXXu3X-m9M13wlNaSdzNB-D7KFWLNQecIoO6-KI7cUo78GeXeR3RrNat467xBN31jj7U9vnFmoN4RWOWrhQnH-ZAlmiskiyZIU6wwT1zjoxdbUKDUahxPeCyeFtASqtfTG6AEIhGZIfREzMwdcWJRo3zMr?key=EOfMhqQsZM2MJMaZWPWu4g" alt=""><figcaption></figcaption></figure>

That’s all for this week. So you all next week with more news and updates!


# EMN Weekly Issue #8

Welcome to the 8th issue of EMN Weekly!

We bring to you tidings from the RWA sector and MiCA regulations, some crypto humour and the latest developments at E Money Network. We hope you enjoy reading this issue!

What’s in Today’s Issue?

* This Week’s Top RWA & MiCA News
* Crypto Humour for the Week
* Top E Money Network Posts of the Week
* Community Spotlight

### Top RWA & MiCA News of the Week.

1. [Lumia Raises $25 Million From Node Sales](https://www.coinspeaker.com/lumia-25m-rwa-node-sales/) - Lumia, a zkEVM-based Layer 2 platform built on Polygon CDK shared that it has raised $25 million from node sales in under 20 days. Their node sale is said to be the biggest in the history of Web3 and establishes Lumia as a leading RWA chain. With the money raised, Lumia will expand its technological capabilities which include developing its Layer 2 solution, and scale up its market presence.&#x20;
2. [Zoth secures $4 million for launching Tokenised Liquid Note](https://crypto.news/rwa-startup-zoth-raises-4m-to-launch-tokenized-liquid-note/) - Zoth, an RWA-centric DeFi startup, has secured $4 million to advance its efforts of launching tokenised traditional fixed income instruments. The strategic round was backed by Taisu Ventures, G20, Fat Cat Ventures, GemHead Capital, Foundership Ventures, DCI Capital, Absolute Digital VC, Gydra Capital, and AstraX Capital, among others. As per their official press release, the startup has already deployed $13 million in private credit, with over $100 million originated and $200 million in the pipeline.&#x20;
3. [Australian Gemstone Company With Holdings of Over One Million Carats of Blue Zirkon Preparing to Launch RWA Token Pre-sale](https://www.crypto-news-flash.com/siebert-and-inx-enter-into-referral-agreement-for-the-introduction-of-on-chain-real-world-asset-rwa-projects/) - Australian gemstone company NYBlue Pty Ltd is planning to announce the launch of its RWA token pre-sale. The company holds more than one million carats of blue zircon, and it plans to secure control over the supply of the precious gemstone by increasing its holdings. As per the company’s whitepaper, it is also planning a public float of its “real world asset cryptocurrency”.
4. [France Starts Accepting Applications for Crypto Asset Services Provider Licences](https://www.coindesk.com/policy/2024/08/02/france-opens-for-mica-applications-first-among-biggest-eu-economies/) - France has established itself a leader in implementing MiCA regulations by becoming one of the first EU countries to start accepting applications for crypto asset services provider (CASP) licences. The French regulator Autorité des Marchés Financiers (AMF) revealed that it has been accepting applications since July 1.&#x20;
5. [ESMA Clarifies MiCA Rules for Unlawful Overseas Crypto Businesses](https://www.coindesk.com/policy/2024/08/01/eu-regulator-details-how-it-classifies-unlawful-overseas-businesses-under-mica/) - EU regulator European Securities and Markets Authority (ESMA) recently published an opinion report for European crypto firms dealing with overseas firms to prevent them from breaking MiCA rules. According to the opinion report, companies that are not authorised to provide services in the EU, cannot offer services to any EU clients unless those clients reach out first. In doing so, ESMA wants to mitigate the risk of unauthorised companies exploiting loopholes to proactively reach out to European clients.&#x20;

### Crypto Humor of the Week

<https://x.com/emoney_network/status/1820443101334237237>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXc88kMEvthHzKC4ne80-soe9vrwjBobVIy4EL7VR3-TJHZIQmieULZIrHt6mzSaZR406X6_D-ZpmhL-GMWBNJD3jIMJwQzfRsDkP59IE6xpMhsXvGVHBtmA4dMoKP2S1NFTLULCaa7rLKN7W8ntdmWYX99b?key=ZYgQvcK-ozjt2IAO9XEfCw" alt=""><figcaption></figcaption></figure>

### Top E Money Network Posts of the Week

1. E Money Network hosted the second episode of RWA Chats with Raj Bagadi - Founder and CEO of E Money Network, Tomer Warschauer Nuni - CMO of Kima Network, Rishabh Narang - Founder and CEO of Sharpe AI, Kevin Yunai - Founder and CEO of RWA Inc.&#x20;

Listen to recording here:&#x20;

<https://x.com/emoney_network/status/1821553719105802602>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdIKZ8Y6oZX0Zx5517P31OX1EQd9NZZz32deH-9skPO6fS5gvzkYehqT7QCfgqiurKnpsF2mLEq3ZZTGLqeENnKoCEkm9MdTW83tsj0jzq8-7QpX9Z7vZoh75kwMxunZLOww6CxG2C0JrVVHVgykMi4NBgA?key=ZYgQvcK-ozjt2IAO9XEfCw" alt=""><figcaption></figcaption></figure>

2. E Money Network partnered with Forcefi, a leading decentralised finance (DeFi) project - <https://x.com/emoney_network/status/1820805941731660281>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdIhOd-B2Q2sQ0KdUhjvz-Kei5T8kfHSNRFZ-5gEMvq_-VPkx3J-ANhKDacfeCRtDr55urueAVDUu153jkI1mEQf8JbXHiN5eWYruo95xDgvgWVn84frW50_2A0nUel29WVDpsv2qjzC7jwErg7KnKPtZ3k?key=ZYgQvcK-ozjt2IAO9XEfCw" alt=""><figcaption></figcaption></figure>

3. E Money Network partnered with PlayZap, a Web3 gaming ecosystem - <https://x.com/emoney_network/status/1821130825511137596>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd5iXfHmIxgZPYcGChM220g0m4L3FrYvZHN1cTM00hWO4Y1lFlQMRwNn9hLyz9_zjT-NSOC_cj55wcGPJGzKlZvRiJmOjq__CKs-r49BRBoB68eyfL8-9SURL7m-9kYzJ7fs4o5M8VFZjkr-xkymN2CWTrG?key=ZYgQvcK-ozjt2IAO9XEfCw" alt=""><figcaption></figcaption></figure>

4. E Money Network partnered with Buk Protocol, a blockchain project developing modular infrastructure for dApps and marketplaces - <https://x.com/emoney_network/status/1821519628868169927>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd2fyZ1K-XYD6ypShSPCrObfrQhins7UuHwXROPJtspr0Ep2Rmdm1w3nxhYpmnabltGFTN1rXe5W_pufzepmU89B4n9Ywvxl0NhM5yWoPnsaSnyERWTqV8ObePvbHpgYyHwnOFbEt9WgLbam_GxtAkD4KiV?key=ZYgQvcK-ozjt2IAO9XEfCw" alt=""><figcaption></figcaption></figure>

It’s been a rough few days for the entire crypto community. But when you have cheerleaders like these, it’s impossible to stay sad for too long - <https://x.com/MAN1FE5TA/status/1820363073032532192><br>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcFqp7V9TE5hhn-3Q9vvSZ-c4U9p_2FwYr3-eQe8U7i5jMgefn9gWJ1dL0CYo4Oq3JLdBYuebJopXeFwFbiTLjiBTXp3MOTez_ZXFm_AgZay97sle2b0VkJvnzpW6vahWdnQTTH6tufErKA0Jf5WETYb0M?key=ZYgQvcK-ozjt2IAO9XEfCw" alt=""><figcaption></figcaption></figure>

That’s a wrap for this week. See you again next week!

\ <br>


# EMN Weekly Issue #9

Welcome to EMN Weekly Issue #9!

We are back with the most exciting RWA and MiCA news from the blockchain industry, latest developments, weekly crypto humour and more. 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. [Plug and Play announces a RWA tokenisation accelerator on XDC Network](https://www.prnewswire.com/news-releases/plug-and-play-selects-xdc-network-to-launch-an-enterprise-rwa-tokenization-accelerator-302223051.html) - Plug and Play recently announced a new accelerator on the XDC Network for driving innovation in RWA tokenisation. The RWA accelerator will begin accepting applications from December 2024. Ten selected startups will join the accelerator’s 3-month long program beginning March 2025 and receive support and resources for developing advanced RWA applications. At the end of the program in June 2025, the startups will present their projects to Plug and Play and its network of investors and stakeholders at the Plug and Play Silicon Valley Summit.&#x20;
2. [Germany’s largest development bank to launch tokenised bond with Boerse Stuttgart Digital](https://www.coindesk.com/business/2024/08/12/german-state-owned-development-bank-prepares-for-tokenized-bond-issuance-with-boerse-stuttgart-digital-in-ecb-trial/) - Germany’s largest development bank KfW has partnered with Boerse Stuttgart Digital (BSD) in preparation for its upcoming tokenised digital bond offering. BSD, acting as the bank’s infrastructure provider, will be responsible for overseeing crypto wallets and secure the private keys during the issuance and redemption processes. The bonds are planned to be issued in the coming weeks under the German Electronic Securities Act (eWpG).
3. [Lumia announces successful fundraising](https://cryptodaily.co.uk/2024/08/lumia-completes-successful-fundraising-round-to-improve-decentralized-rwa-offerings) - RWA tokenisation platform Lumia announced successful fundraising led by Nomura’s digital asset arm, Laser Digital. Other notable participants include DWF Labs and TRGC. The investment round included sale of Lumia’s tokens and nodes. The fundraising coincides with Lumia’s sale of 25000 nodes, and is meant to “serve as the backbone of Lumia’s decentralised network”.&#x20;
4. [BlackRock to participate in MakerDAO’s Spark Tokenisation Grand Prix](https://thedefiant.io/news/defi/blackrock-s-buidl-to-participate-in-makerdao-s-usd1-billion-rwa-push) - MakerDAO recently unveiled the Spark Tokenisation Grand Prix, an initiative aimed at onboarding $1 billion worth of tokenised RWAs. The initiative has garnered the attention of financial giants including BlackRock, which already manages $10 trillion worth of assets, Superstate and Ondo Finance. Carlos Domingo, the CEO of Securitize, BlackRock’s issuance partner, expressed that they would support this initiative with BlackRock’s BUIDL, the world’s largest tokenised treasury fund.&#x20;
5. [Tether CEO highlights “systemic risk” posed by MiCA regulations](https://cointelegraph.com/news/mica-regulation-systemic-risk-banking-system-tether-ceo) - Tether CEO Paolo Ardoino recently expressed concerns regarding the “systemic risk” posed by EU’s MiCA regulations to not only stablecoins, but the overall banking system. The regulations mandate stablecoin issuers to hold 60% of reserves backing stablecoins in EU bank accounts. According to Ardoino, this requirement is problematic as financial institutions follow fractional reserve banking rules, where only a fraction of deposits are available for withdrawal at any given moment, leaving them vulnerable to bank runs.

### Crypto Humour of the Week

### <https://x.com/emoney_network/status/1824377918912410062>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXenALCh2NcOKI6AJEFCsrpZEXn0vokQYZL6kGbOkrEzZIGgTerUTYkWmrB1On1qG70AKBb5Qtz0wJETVZHCR6J7CLmgaVDgUUMSBUb5hfBnrnA6BreOtCCerajdxnJd8-9D2KXtY8ykwDi9W0CRwoI7yxJN?key=fYms6RlffcSJVSt9_5u2fQ" alt=""><figcaption></figcaption></figure>

### Top E Money Network Posts of the Week

1. Singularity DAO recently integrated E Money Wallet into their ecosystem - <https://x.com/emoney_network/status/1822973781448474964>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdM5sXYZ_CfzEWjeNbl1Y8nQmaGDZ5emJA0rXByGN7f0nS8ersC1q_JIlNRsiBZ9ioQbr9b5ynbCmHDC2xx4Td6jcgAHoOS7_azY_9JQKdu2XwNj1maEiDErGNnQPV2ne-8M2cfOLrB5qkEL3P9X_5v6YQ?key=fYms6RlffcSJVSt9_5u2fQ" alt=""><figcaption></figcaption></figure>

2. ZetaChain mainnet integrated into the E Money Wallet - <https://x.com/emoney_network/status/1823700753334067539>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe_LiiN6_S0Y6AV-EJkl5LEmAsUMtbteWOUIONG8spAbPI17pg6m-J2YhKJ0Y3H7d700u0iMQfaDehkkPedkreiqCQ0V0eKh0EhJo1Pg45RB2hNDPocBn7LpCoqiFsqrFEXsuqPYrYhvVuGqA09zTm4jV8H?key=fYms6RlffcSJVSt9_5u2fQ" alt=""><figcaption></figcaption></figure>

### Community Spotlight

We are truly grateful for our great community members who always cheer us on -&#x20;

<https://x.com/aifuturenama/status/1822958952449253460?s=46>&#x20;

<figure><img src="/files/EgzbcZFkYwDLsKn8rNUI" alt=""><figcaption></figcaption></figure>

And that’s a wrap for this week. See you all next week with another issue of EMN Weekly!


# EMN Weekly Issue #10

Welcome to EMN Weekly Issue #10!

We are excited to bring to you the latest RWA & MiCA news from the crypto industry, hot developments at E Money Network and some crypto humour to keep things light. 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. [Clearpool Launches Ethereum Layer 2 to Facilitate RWA-centric DeFi Use Cases](https://thedefiant.io/news/blockchains/clearpool-unveils-rwa-focused-layer-2) - Clearpool, a DeFi credit protocol, recently launched Ozean, an OP-stack based Layer 2 network for RWA yield protocols. Ozean will provide an optional compliance layer with a decentralised identity system for fulfilling KYC requirements. As per Clearpool, the compliance layer will unlock RWA interoperability across permissionless protocols, thereby propelling growth within the RWA sector.
2. [MakerDAO securer Chronicle Gearing Up to Launch RWA Oracle with M^0 Integration](https://www.theblock.co/post/312448/makerdao-chronicle-rwa-oracle) - MakerDAO securer Chronicle is launching an RWA oracle via integration with M^0. M^0 is an Ethereum-based stablecoin minting protocol. Oracles are entities that provide smart contracts with external inputs and outputs to enable them to execute themselves. "The M^0 team anticipates that the system will scale to several billions of dollars over the coming years, of which Chronicle will be a key component to the overall transparency of the protocol," Chronicle founder Niklas Kunkel said.
3. [Compute Labs is Partnering with Plume for Powering RWA Tokenisation](https://decrypt.co/245754/compute-labs-announces-strategic-partnership-with-plume-to-shake-up-the-rwa-tokenization-world) - Compute Labs, a leader in enterprise-grade GPUs, has announced a strategic partnership with Plume, a modular Layer 2 solution for tokenising RWAs. In this partnership, Compute Labs’ AI compute assets such as H100 and B200s will be integrated into the Plume ecosystem to enable users to invest directly into some of the most sought-after compute resources available today.&#x20;
4. [RWA World Partnering with SegMint GmbH, a Wholly Owned Entity of VanEck Europe](https://www.businesswire.com/news/home/20240816017184/en/RWA-World-announces-collaboration-with-SegMint-GmbH-a-wholly-owned-entity-of-VanEck-Europe-bringing-Transparency-to-Tokenized-Collectibles) - RWA World, a project focusing on providing RWA intelligence, has announced a collaboration with SegMint Gmbh to bring transparency to tokenised collectibles. This collaboration will enable SegMint users to gain access to high-fidelity RWA analytics and research on the SegMint platform and make informed decisions in the collectibles market.&#x20;
5. [Circle’s EURC Stablecoin Achieves Major Milestone Following MiCA Approval](https://www.thecoinrepublic.com/2024/08/20/circle-eurc-stablecoin-hits-major-milestone-amid-mica-boost/) - Circle’s Euro-backed stablecoin EURC has hit €50 million market cap, making it the second-biggest euro-backed stablecoin. AEUR, the euro-backed stablecoin by Anchored Coins retains the position of the highest in the euro-stablecoin market cap, with over $60 million in market cap. However, EURC is at the top when it comes to MiCA-approved Euro-backed stablecoins.&#x20;

### Crypto Humour of the Week

<https://x.com/emoney_network/status/1825505008378671415>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfjd5ClOsm0F2SZvw6dXQWdHiGBYUfyi1sRj-_4zuQesBSGc5sTjZErZJ8tG71mhPZQiIZ71eqHxJfFa8lxFjH4HTw15yrGKbgNo2g_B25B9anqzWtKbVUj-6URPjXv-dGpSt17R6PnW9bsGNZJi-emfsbV?key=kIYg3Dsp30OLTJK_vApZww" alt=""><figcaption></figcaption></figure>

1. E Money Network partnered with Kvants AI, an AI-powered decentralised asset management platform - <https://x.com/emoney_network/status/1825873094654804188>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXffXfJtABFVKkkdX3jChq48C4DPEN9sQ4SVN50MzrAGF1clFkss7L-XAjv884jsMfpTUNmnp5TG4GC_hoY7gX4Q88rN1BMOqQS7cMRuR_nWRCU1IA7lmMUCcE1H2BVvcZbRJiRlsfepIzZ3WSYKk9-IC8T1?key=kIYg3Dsp30OLTJK_vApZww" alt=""><figcaption></figcaption></figure>

2. E Money Network published a new blog on the security features of our ecosystem - <https://x.com/emoney_network/status/1826237051752403157>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeCdg7RjmVAPmQl1mJiTPTwCX7Oc9NARidigpRjwqUlsJjk-xG9uEUwhMugI6Z6g5tM61HKGjVhc_8WF3r7PjbFCzJrXzSc75BbIa5M7DxjiVqmwaMNh8CjNPIjt0J13ZR2Wn38aNY2XlwvXHt05XTBU8bV?key=kIYg3Dsp30OLTJK_vApZww" alt=""><figcaption></figcaption></figure>

3. E Money Network CEO Mr Raj Bagadi shared his thoughts on why Web3 developers need to focus on building RWA applications. Here is the complete article link  <https://x.com/raj_bagadi/status/1826257419728556211>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeYT2V2yDPdG1eC6hTQBEPJcGzcN4elv6kxIAYDIIzEjkumAFpgbNTgl4IwQPi4zFyBZq39k6WP2vZfZvj3B5QMvI2BHkt1D853j66AlQ5YRiAnrVpkk09kat08mDmLi9S_EY_MkyUzY4ifawZ4WLwFL0PL?key=kIYg3Dsp30OLTJK_vApZww" alt=""><figcaption></figcaption></figure>

### Community Spotlight

Devs, don’t miss out on this opportunity for applying to our grant program!

<https://x.com/emoney_network/status/1825136042476708174><br>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXc-_rl7UPPf9WCvNxeI9_cN4eab1sYD5U9JGhgaCCciapEzyY8rrEJsjuIfwIv-hvq9GhGs4mVbwPdj37Ik8D-D2dKolFqZLjL3gBZDQ5IFwUplWUFExpn_03PB9PLWT682j1Tl6StQB8AQ87rKUHC_ShQ?key=kIYg3Dsp30OLTJK_vApZww" alt=""><figcaption></figcaption></figure>

That’s all for now. See you again next week!

\ <br>


# EMN Weekly Issue #11

Welcome to the 11th issue of EMN Weekly!

We are delighted to bring to you RWA and MiCA news of the world, latest developments at E Money Network and some crypto humour to tickle your funny bone. Hope you find this issue of EMN Weekly both informative and entertaining. 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. [Hong Kong launches sandbox for testing RWA tokenisation](https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/08/20240828-3/) - Hong Kong’s financial authority, the Hong Kong Monetary Authority (HKMA) recently launched a sandbox for accelerating RWA tokenisation. The sandbox is designed to enable interbank settlement using experimental tokenised money, focusing on transactions involving tokenised assets. Participating banks from the Project Ensemble Architecture Community have already connected their tokenised deposit platforms to the Sandbox in preparation for testing both interbank payment-versus-payment and delivery-versus-payment settlement.
2. [RWA tokenisation startup Centrifuge unveils lending market on Base with Morpho](https://www.coindesk.com/business/2024/08/27/tokenization-pioneer-centrifuge-unveils-lending-market-with-morpho-coinbase/) - Centrifuge, a leading RWA tokenisation startup, has unveiled a lending platform that utilises collateral from several US treasury-backed tokens leveraging Morpho’s system of vaults. The lending platform will reside on Coinbase’s Base, an Ethereum Layer 2 network. Aimed at institutions, the market will enable the collateralization of and borrowing against the Centrifuge-affiliated Anemoy Liquid Treasury Fund (LTF), Midas Short Term U.S. Treasuries (mTBILL) and Hashnote’s U.S. Yield Coin (USYC).
3. [Real Vision’s Chief Crypto Analyst casts doubt over predictions about tokenised asset market](https://thecryptocurrencypost.net/the-rwa-market-will-be-a-success-but-less-overwhelming-than-expected/) - Real Vision’s Chief Crypto Analyst Jamie Coutts has cast doubt on the predictions about tokenised asset market reaching $30 trillion by 2030, a figure proposed in an analysis by Standard Chartered Bank and Synpulse. As per Coutts, a more realistic estimate would be $1.3 trillion based on the current compound annual growth rate (CAGR) of 121%. Coutts argues that though his figure is significantly lower than the original projection, it still represents significant growth in the tokenised asset market and could have a significant impact on the Web3 economy.&#x20;
4. [Banking Circle launches EURI - the world’s first bank-backed, MiCA compliant stablecoin ](https://www.bankingcircle.com/banking-circle-launches-the-first-bank-backed-mica-compliant-stablecoin-euri-0814285)- Banking Circle, a tech-driven payments bank has announced the launch of the world’s first bank-backed MiCA-compliant stablecoin EURI. The stablecoin will initially be available via Binance with more exchanges to follow. The burning and minting of EURI is powered by the Fireblocks Tokenization Engine and secured by its Multi-Party Computation (MPC-CMP) technology.&#x20;
5. [Ondo Finance Launches USDY on Abritrum](https://99bitcoins.com/news/ondo-crypto-pushes-rwa-innovation-in-arbitrum-move-is-it-best-rwa-coin/) - Ondo Finance recently launched its USDY token on Arbitrum, Ethereum’s Layer 2 scaling network. This new collaboration aims to enhance the access and utilisation of real-world asset protocols in the blockchain landscape. Besides Ondo Finance, Arbitrum is also taking in other notable tokenised products, especially treasury yield products, such as Franklin Templeton’s FOBXX.

### Crypto Humour of the Week

<https://x.com/emoney_network/status/1827971979594326038>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeJYe4Ehg5EiKZeIghGK1wERCXroKOqclCe8lcj2Uh8uNW36jxPKJDAd8am8QCmpKxB-8gtJbbADCw5Znc9HmWF8Jgsyv1RQwlzUuP1XCuNxlUeKftwZPNzZkdETCwcFMPSXIQmVL0pbj2zXCRlJN3zyNI?key=Qmcoxv6eOu3pa-sTDkW-iQ" alt=""><figcaption></figcaption></figure>

### Top E Money Network Posts of the Week

E Money Network hosted the 3rd session of Real World Alpha (RWA) Chats with Pendulum’s Co-founder Alexander Wilke, Music Protocol’s Founder Sergio Mottola and E Money Network’s MD Parag Arora. Listen to entire recording here: <https://x.com/i/spaces/1MYxNMemgLwJw>&#x20;

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcWXLGl-5pEs_sngvcKbyvOebVnX_J93zJqO-yM-xyGQYokh_Wmah8DadqeqePBVgRDQU85hDVmKrCO60WBcivBAZrnlrELFi_JWl4Zdw-TvRRoWuiobF-uZJgbbodYGGgG75Palv0Yx6U1R5s7NppjFTY?key=Qmcoxv6eOu3pa-sTDkW-iQ" alt=""><figcaption></figcaption></figure>

### Community Spotlight

Our community is super bullish about $EMYC, and so are we!

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdDFr80AyPQg49NhDgrbDEPjd6-goIBU1R0tCpNPpIrT-o5I1JcVjicD3Ee_9nxGgW-M_1pF1NT8RBN72OHAeRO5e9CvVcDbqp34nNcnHnb6Wr5YYpuau-bIt9FVsBa2OgZGWIOkAxNH4mKAdnoU2qB-4q0?key=Qmcoxv6eOu3pa-sTDkW-iQ" alt=""><figcaption></figcaption></figure>

That’s a wrap for this week. We will be back with another issue of EMN Weekly next week!

\ <br>


# EMN Weekly Issue #12

We are happy to bring to you the 12th issue of EMN Weekly!

In this issue, we have covered the latest RWA & crypto regulation news from the industry, top developments at E Money Network and some crypto humour. We hope you gain both information and entertainment from this issue of EMN Weekly. 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.

1. [Libre adding digitised funds on NEAR blockchain in partnership with Laser Digital, Hamilton Lane and WebN group](https://www.coindesk.com/business/2024/09/02/brevan-howard-backed-tokenization-firm-libre-arrives-on-near-blockchain/) - Libre, an RWA tokenisation startup is bringing several digitised funds to the NEAR protocol in collaboration with Nomura’s Laser Digital, Brevan Howard’s WebN group and private markets heavyweight Hamilton Lane. This partnership will enable NEAR protocol users to gain access to a Hamilton Lane credit fund, the Brevan Howard Master Fund and Blackrock ICS Money Market Fund. The use of NEAR Protocol’s Chain Signatures tool will enable users to buy assets on NEAR and then transfer them and manage them on any other blockchain without cross-chain bridges.
2. [Former Square and Coinbase execs raise $58 million for global stablecoin payment network ](https://cointelegraph.com/news/bridge-stablecoin-network-raises-58m)- Former Square and Coinbase executives Zach Abrams and Sean Yu have reportedly raised $58 million for Bridge, a project that aims to develop a global stablecoin payment network and rival traditional payment systems like Swift and credit cards. Bridge has received funding from Sequoia, Ribbit and Index, among other investors.
3. [Hong Kong-based IDA raises $6 million to launch first fiat-referenced stablecoin](https://www.prnewswire.com/news-releases/ida-a-hong-kong-based-fiat-referenced-stablecoin-issuer-raised-usd6-million-seed-round-led-by-cmcc-global-and-hashed-302235602.html) - Hong Kong-based digital asset startup IDA has raised $6 million in seed funding round to launch its first fiat-referenced stablecoin HKDA, which will be regulated in Hong Kong. The funding round saw participation from leading blockchain investors including CMCC Global’s Titan Fund, Hacked, Hack VC, Anagram, GSR, Protagonist, Brinc, Chorus One, SNZ and Yolo Investments. IDA’ Strategic blockchain partners include Solana, Polygon, Aptos and Mantra, which will foster HKDA’s accessibility, interoperability, liquidity and resilience.
4. [Provenance Blockchain sees $100 million worth of life insurance policies minted by infineo](https://www.accesswire.com/912397/infineo-mints-100-million-in-tokenized-life-insurance-on-provenance-blockchain) - infineo, a blockchain startup focusing on the digitisation of the $3 trillion life insurance industry, has announced that it has minted $100 million worth of life insurance policies on the Provenance blockchain in just 3 months. "The minting of $100 million worth of life insurance policies on Provenance Blockchain is not just a technological breakthrough but a testament to our commitment to democratising access to one of the most stable financial instruments. This achievement underscores life insurance as a leading use case for real-world asset tokenization, driving both innovation and growth across the industry,” said Cole Snell, the founder and CEO of infineo.
5. [Ripple gears to launch Multi-Purpose Tokens (MPTs) in Q3 2024 to enhance the functionality of tokenised assets on XRPL](https://www.crypto-news-flash.com/ripple-unveils-multi-purpose-tokens-on-xrpl-institutional-asset-tokenization-takes-off-in-q3-2024/) -  As per a recent announcement, the XRP developer community is preparing to launch MPTs in the third quarter of 2024 to enhance the functionality of tokenised assets on the XRP Ledger. Among the key benefits of this development will be that it will enable users to gain access to real-time on-chain data so that they can track and confirm transactions in real-time. Furthermore, MPTs will be endowed with the flexibility to modify their operation in response to changes in circumstances.&#x20;

### Crypto Humour of the Week

<https://x.com/emoney_network/status/1830984307349037359>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdZRddu4-DxuEfDUfCZm6N-DPu90s_oM8416oW0I7RXOLtJGiez-_7KebTpPovKE4VgoXxKZ-k-8NomY0WlfKPI7oIVKRkE4aTgKmX_y0QrOTJtktrx0EYYvecNNgWLP_EfMC3FiYM4Vdzl4zg7eO37xe0?key=H2Y9w-o_skW4SJSg-fUNpA" alt=""><figcaption></figcaption></figure>

### Top E Money Network Posts of the Week

1. E Money Network is hosting Real World Alpha Private Dinner during Token2049 Singapore - <https://x.com/emoney_network/status/1830580814477705384>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeIORaFG-EFyDDB-nEQpl5nx-25POx8J83p5kv5wD_LmyGbhuUuAkdR53lZu5EzfBxbVYkSc-p6YPK5nq2-ILHkWSMzf3C79iKi1jJgpwbWva02-9xqOXymhXzo8gKEhhq0JQqt21YYxBV0foe_H_0bVGuD?key=H2Y9w-o_skW4SJSg-fUNpA" alt=""><figcaption></figcaption></figure>

2. E Money Network has partnered with Nodo, a community-owned prediction platform - <https://x.com/emoney_network/status/1830948214356484578>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd3oW4_AQ_MJN063Zipcy5lOO2n-Sba-5yWRTu_x68m1hbjN-9B_5oXPU3I-EJdgSLX_NhHRW9LjPGJEMqePZSaXs4F1_F_oJnyS7Jb7Fux6vUn_Bq52h3ifmUNhRheTIeh7QEPoIHBNhdKhncbXmszlQ7C?key=H2Y9w-o_skW4SJSg-fUNpA" alt=""><figcaption></figcaption></figure>

3. E Money Network CEO, Raj Bagadi attends the Korea Blockchain Week to explore new synergies in the booming RWA sector - <https://x.com/raj_bagadi/status/1830508049858986147>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfUkdvJnwFNz2KfGlT4K6P1X4gdn7wxyrlmkMEi201oPYXtq1e5OkNQzrJu6yfOMQ0sJfHKfqLe4-v2rYOTBEWh_KGcoRSAMM3-zDdHITUh2D5gUM33YFoCAfQz3DbHRw25_kc7bH-Fk3qldKD2pVOk-mXh?key=H2Y9w-o_skW4SJSg-fUNpA" alt=""><figcaption></figcaption></figure>

### Community Spotlight

We are super excited about the Real World Alpha Private Dinner - <https://x.com/jer_iee/status/1830600832879866121>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXegd3aw_jW8NpUxR4ke3r2vGTHTMEecVW81XLorB2FYfnS6g7Z0lBryH1YytE29KT3TtEldxLt1CXzK0l4z4qDRs6Mzt0fLZPPO6-JYkbnzwrXszD4EV1dnkzVV8sXIhZm7oLRNV7EKpqCSteFhYbFsOPE?key=H2Y9w-o_skW4SJSg-fUNpA" alt=""><figcaption></figcaption></figure>

That’s a wrap for this week. See you again with more updates next week!

\ <br>


# 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.&#x20;

**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.

1. [Huma Finance Raises $38 million for its RWAs-based payment-financing platform](https://www.coindesk.com/business/2024/09/11/tokenized-rwa-platform-huma-finance-gets-38m-investment-plans-expansion-to-solana-and-stellars-soroban/) - 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.
2. [Swift set to test new initiative for streamlining global transactions and tokenised asset transfers](https://www.unlock-bc.com/128623/swift-unveils-initiative-to-streamline-global-transactions-and-tokenized-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.
3. [Plume Network gears to launch tokenised “mineral vault”](https://cointelegraph.com/news/plume-tokenized-mineral-vault-hunger-rwa-yield-ceo) - 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.
4. [BBVA announces expansion of services including addition of USDC stablecoin in Switzerland](https://thetokenizer.io/2024/09/10/bbva-expands-crypto-asset-services-with-the-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.&#x20;
5. [Latvia’s central bank offering pre-licensing consultation to crypto companies](https://cointelegraph.com/news/latvia-mica-pre-licensing-crypto) - 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.&#x20;

### Crypto Meme of the Week

<https://x.com/emoney_network/status/1833450983289929759>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfJPXjVX6NRZNaFZ43zFIjHA1YSgMySrTBiWNL7Hbin3haJZZdoHcCs-ZXEFJ1-AugCvxWYmaJtltaa87k-F2gmIiC2ByiAYFWSnc6BdRs-VQlXAfqDyRIF-DGh3kTVaR8dwRC6UHfoxS3i5Rd03y3-BJoW?key=YwpacUmJayidt_2EY4DSBw" alt=""><figcaption></figcaption></figure>

### Top E Money Network Posts of the Week

1. 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>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdGsYoDm4P8dXVvMsG0uL-AG4PC-SExwBcNh4oNQcD7U2TvQqULzdSU7BNaFZA9-tLP2iEeeCUB7gfztOjZ_uI2xnDNuovqtjdQhE3gajQ45BkVdrR1NcSWF5Lpyn-IVcp24Y9nCdya1hbMiZ727RXaBxU?key=YwpacUmJayidt_2EY4DSBw" alt=""><figcaption></figcaption></figure>

2. 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>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe5HOLR04pOrm65--autgP0VjTHoaauUhdqQPaLaeRVyA2aGn0AgvFGemO2HpR50JB-mYng6sdV385taAkAXZl2iFnNVejLicgBGoNdIVEA4eyhEXWGt7Zpoq5JIma2UglcbDvuzcsTiPPBQuMwmNaH8SX3?key=YwpacUmJayidt_2EY4DSBw" alt=""><figcaption></figcaption></figure>

3. 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>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe4C9Za3Nr5gzxk-FwIWMV-sHYb-EThuaaBx9rO-98y3bVgdhnjO9hBxpu9dIWPYU5jBZHkQIBktUZckgH4BJ8uAjmq4fBbUiXsD_JvSNgtFFGaTY5_iHhfzmOOnITCXKnrX1YEEl6Kk1R76BlB9ffaYg69?key=YwpacUmJayidt_2EY4DSBw" alt=""><figcaption></figcaption></figure>

4. 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>&#x20;

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdkCioeqQt7D18jLo9E3dzFJ2cRb7TVYvyHbc7jIZDI5SmP6hhyCe5ySTxnv-AVsnvcbcEnwQZ404GNYFsMGUiNM658B37iNOQikerkGlb461ttzXX2Ek0RCDjm270h-VLYEDgMPyIurCqv8r032_k-CVU?key=YwpacUmJayidt_2EY4DSBw" alt=""><figcaption></figcaption></figure>

### Community Spotlight&#x20;

We are super excited to attend Token 2049 Singapore and explore potential synergies in the RWA space - <https://x.com/RAmakirii/status/1833176703771844786>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfcCFr8hUKSClvgkRohYJlxd59AA6f6N3RXDU3oUk9uJhs3KYLcuKQBx5jUlwxhx9PO4nZJGUTK5y5BIdlorjBOQ1-ZEhgXMarc_rqgQV7mCN3Wv45zjmR3Nk-zAqlkMZMojzjHGHqaVJBT7CxyzNG1ZzIl?key=YwpacUmJayidt_2EY4DSBw" alt=""><figcaption></figcaption></figure>

That’s all for this week. See you next week with more news and updates!

\ <br>


# EMN Weekly Issue #14

Welcome to the 14th issue of EMN Weekly!

We are excited to share with you the latest RWA & MiCA news from the crypto industry, fresh, hot developments at E Money Network and the best of crypto humour. We hope you enjoy reading this issue as much as we enjoyed putting it together!

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. [WisdomTree launches new platform to power RWA tokenisation](https://www.coindesk.com/business/2024/09/18/wisdomtree-pushes-further-into-tokenization-with-new-platform/) - WisdomTree recently launched the WisdomTree Connect, an RWA tokenisation platform for businesses and institutions. The platform, aimed at complementing the New York-based company’s retail-facing digital app, will offer “complementary digital asset solutions across the entire customer spectrum” as per the company’s official press release. The new platform will enable users to hold WisdomTree tokenized funds in their own digital wallets, which can be self-hosted or kept at a third-party custodian. Investors are allowed to purchase the fund tokens with US dollars or Circle's USDC stablecoin. Initially, the company will mint tokens on the Ethereum blockchain, but it plans to add more blockchains soon.&#x20;
2. [Clearpool introduces Oxygen, a liquidity layer for its RWA blockchain](https://blockchainreporter.net/clearpool-introduces-oxygen-an-innovative-rwa-liquidity-layer/) - Clearpool has announced the launch of Oxygen, a liquidity layer for its RWA blockchain Ozean. Ozean enables the integration of real world assets into DeFi, and Oxygen aims at powering the creation of a unified basket that includes RWAs, tokenized treasuries, liquid crypto assets, and yield-bearing tokens. This basket can serve as a solid liquidity pool for the Ozean ecosystem by supporting essential services such as swaps, lending, and collateralization.&#x20;
3. [RWA NOVA signs MoU with IX Swap for accelerating RWA tokenisation](https://techbullion.com/rwa-nova-signs-mou-with-ix-swap-leading-global-sto-platform-to-strengthen-collaboration-on-tokenization-of-real-world-assets/) - RWA NOVA, a blockchain platform for tokenising RWAs, has signed a Memorandum of Understanding (MoU) with IX Swap, a licensed and regulated digital asset firm. This collaboration aims at accelerating RWA tokenisation and providing new opportunities to investors globally. “This agreement presents a significant opportunity to expand the scope of real-world asset investments globally through RWA tokenization and to transcend the limitations of the existing financial structures. Through our collaboration with IX Swap, we aim to offer more diverse assets to a broader range of investors, positioning ourselves as an innovative platform driving the activation of the global RWA market,” said a representative of RWA NOVA.&#x20;
4. [Tokenised RWAs market has surpassed $12 bn as per a Binance report](https://crypto.news/binance-tokenized-rwa-market-surpasses-12b-led-by-u-s-treasuries/) - According to a Binance Research report, the market for tokenised real world assets (RWAs) has surpassed $12 bn excluding stablecoins. Tokenised US treasuries, with products from financial giants such as BlackRock and Franklin Templeton are major contributors to this segment, estimated to be over $2.2 billion presently. The market for stablecoins is a whopping $175 billion, separate from tokenised RWAs.&#x20;
5. [MiCA Crypto Alliance to team up with DSF for facilitating MiCA compliance](https://www.financemagnates.com/cryptocurrency/mica-crypto-alliance-teams-up-with-dsf-to-nail-down-regulatory-compliance/) - The MiCA Crypto Alliance, which includes Hedera, Ripple and Aptos as founding members, is teaming up with DLT Science Foundation (DSF) to facilitate compliance with the European Union's Markets in Crypto-Assets (MiCA) regulation, whose second phase is planned to be implemented end of this year. “The sustainability disclosure requirements contained within the regulation are designed to drive climate accountability from projects operating within this space and encourage the responsible development of these powerful technologies,” shared Paolo Tasca, founder & chairman of DSF.&#x20;

### Crypto Meme of the Week

<https://x.com/emoney_network/status/1836722038473392258>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdaPOOZZVrnJ7w9VsFZMrk5KnYlaKOz9lZB4Cc6it3CRUFYmATK0jbSopV9ia1kSx49uaV0eM940YbPdwDo5QzMEX6lw8fE0_banKEXcJLLE3jgEGwV79qgQ5wMgszjNu4A1DG8KGHFQPYbu-v1Pja2Q_vp?key=xFMectXr35fYl_KPcvRTzQ" alt=""><figcaption></figcaption></figure>

### Top E Money Network Posts of the Week

1. E Money Network shared its star-studded guest list for its exclusive Real World Alpha (RWA) private dinner at Token2049, Singapore costed by Brave and Cube - <https://x.com/emoney\\_network/status/1835642043584152052>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeICs9qoCVMEX-UNdLNSFHuF3R1ogu06RmZTH49EAFiTlhl-Ogfai27dXu4Ue7dm2GUCDBIL7FTLPvnlOnBnNVwt-yE3IftOxR1hKXmhPZsHzE1ohUrjyQcJrB5jMpXlXI6nBlSw88FQf9MbwF_BaCnwDvN?key=xFMectXr35fYl_KPcvRTzQ" alt=""><figcaption></figcaption></figure>

2. E Money Network conducted an exciting $SCLP giveaway for its users - <https://x.com/emoney_network/status/1836359120447738150>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXf6MJZ2XGbRc5hv14HfhOIYN-ixNAhbFnxzTOOUw_qvljohVOeSRrtSvgnVmReU_r6_HYDU_3abD6ailde09s2rUPnOZn8ERhqOKqcIOtrpvmuO2I-ASXh-F7E6SeB3lbIivDhazMMF_A4d71xBVUW6ZIyb?key=xFMectXr35fYl_KPcvRTzQ" alt=""><figcaption></figcaption></figure>

### Community Spotlight

Our community is our rock, always cheering and pushing us on - <https://x.com/Bitcoin_Buddah/status/1834931593359630531>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXemuYPBUNkxqCCUkBqCQb6ULLps_pb4jjI3_NEsdaHOiQVFYHFNyTXnH7rXwR995pNWTCZesejYZ0H7EKXJ9awFe0qXv2bOPSap3ALzOslbGEOZmsLnnoKKVlQKbp0MVXi_MPOLs3ddZnC1l68wRzFfw5Q2?key=xFMectXr35fYl_KPcvRTzQ" alt=""><figcaption></figcaption></figure>

That’s a wrap folks! See you all next week with more news, updates and memes!

\ <br>


# EMN Weekly Issue #15

Welcome to the 15th issue of EMN Weekly!

We are happy to bring to you exciting news from the world of RWAs & MiCA and the latest updates from E Money Network. Hope you find this issue insightful and entertaining. Happy reading!

#### What's in Today's Issue?

* This Week's Top RWA & MiCA News
* E Money Network Updates: What You Need to Know
* Community Spotlight

### Top RWA & MiCA News of the Week.

1. [Blockchain-based Investment Firm to leverage Polygon for its RWAs platform](https://www.coindesk.com/business/2024/09/25/blockchain-based-investment-platform-assetera-to-offer-tokenized-assets-on-polygon/) - Blockchain-based investment and trading firm Assetera has announced that it is going to leverage Polygon for powering its secondary market RWAs platform. The platform offers a regulated digital trading venue for tokenized assets such as securities, funds and money market instruments. The platform will deploy Ethereum scaling solution Polygon for enabling secure transactions and utilising stablecoins for fast and efficient purchasing, clearing and settlement.&#x20;
2. [Chainlink Report predicts that global tokenised assets market will hit $10 trillion by 2030](https://cointelegraph.com/news/chainlink-forecasts-10-trillion-tokenized-asset-market-by-2030) - As per a recent report by Chainlink, a decentralised oracle provider, the global tokenised assets market is likely to surge to $10 trillion by 2030. The report highlights that despite the volatility of the crypto industry, the driving factors behind the growth of RWAs will be institutional adoption and advancements in regulations. The report’s sources include a report by 21.co, a blockchain-focused fintech company, and a joint study by BCG, a management consulting firm, and ADDX, a digital securities exchange.
3. [Visa introduces tokenisation platform to help banks issue tokenised assets](https://www.cryptotimes.io/2024/09/25/visa-introduces-new-platform-for-issuing-tokenized-assets/) - Visa has launched the Visa Tokenized Asset Platform (VTAP) to help banks test and issue fiat-backed tokens in a secure and regulated manner. According to Cuy Sheffield, Visa’s crypto head, the initiative will open significant opportunities for banks to create their own regulated fiat-backed tokens, allowing customers to engage with on-chain capital markets.&#x20;
4. [Digital Asset and DTCC successfully complete the testing of Collateral and Margin Optimization through Tokenization](https://www.prnewswire.com/news-releases/dtcc-and-digital-asset-complete-successful-pilot-to-test-collateral-and-margin-optimization-through-tokenization-302255589.html) - Digital Asset, a leading blockchain solutions provider, in collaboration with The Depository Trust & Clearing Corporation (DTCC), recently announced the successful completion of its U.S. Treasury (UST) Collateral Network Pilot, an initiative aimed at leveraging DLT applications to support market connectivity across the collateral management lifecycle to enhance mobility, liquidity and transactional efficiency of tokenized assets.The pilot saw successful execution of 100 transactions, demonstrating tokenized collateral assets' robust functionality and potential.
5. [Zurich-based digital assets banking group Sygnum secures crypto license in Leichtenstein](https://www.financemagnates.com/cryptocurrency/sygnum-secures-liechtenstein-crypto-license-eyes-eu-expansion-under-mica/) - Sygnum has received a crypto licence in Liechtenstein under the under Liechtenstein's Token and Trusted Technology Service Providers Act which will allow it to offer regulated digital asset services, including brokerage, custody, and banking in the country. This licence will also enable Sygnum to apply for a Crypto-Asset Service Provider (CASP) licence under the European Union's Markets in Crypto-Assets Regulation (MiCA) once Liechtenstein embraces the regulation, which is planned for the first quarter of 2025.&#x20;

### E Money Network Posts of the Week

1. E Money Network shared photos of their super successful Real World Alpha (RWA) private dinner at Token 2049 Singapore - <https://x.com/emoney_network/status/1838934259723022425>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe3TWL7DAk0oRmwf2H4aWpW_HwEn8QSXWcWZ6AdVx40YPPlbhhqsP0FNZB8NbuQQ4jiPVfDG6qLb4JocgSA3UvPtVTRkjRuzg8S8cuN32OL2N7og3wxkBu2VUNQgzJB0juZ6HPrNVQxdQ_MmuOwMF5iL0n2?key=0u-Oh_MD8jdA_RuyNB_UdA" alt=""><figcaption></figcaption></figure>

2. Following the success of E Money Network’s Real World Alpha (RWA) private dinner at Token 2049 Singapore, we decided to host a VIP Investor Dinner in Hong Kong - <https://x.com/emoney_network/status/1838535843348386243>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcY8cRY8wflJbH6u4g7qcyxg9frcVn2RDpftltEKBeplQeoqRMZBK5tCnde-6eimedo9xPVTmavwMWkfcUNJBT8eiQSt2iP7NHLNDO_ldxH5jJxc7kXY8zhccIxHhnpGYiamx0EXbNeCEhfYWIPnh8vjcc?key=0u-Oh_MD8jdA_RuyNB_UdA" alt=""><figcaption></figcaption></figure>

3. E Money Network had a ball of a time at Token 2049 and other events in Singapore. Here’s proof ;) - <https://x.com/emoney_network/status/1838595047303815609>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeWzzB4XvoIhYjfWix6ltg7X2d-H-OKogVr4dHegR-NInUmleHdOMzX9gWiekhkCa1c99ykhVQYNes6XlTommPhSBuKcOsdpM-u9EndVgnNfmaDJPXk4MYZupPpePSsLv2PCsWcXR8379g7hNw6k2k1MAF7?key=0u-Oh_MD8jdA_RuyNB_UdA" alt=""><figcaption></figcaption></figure>

4. &#x20;E Money Network partnered with UpOnly, a leading Web3 infrastructure provider in gaming - <https://x.com/emoney_network/status/1838565250552996063>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcvq7XRO4dyP-RLjJ_aY6_uHEUPqbmgOAUlqAmF6rsYhRm5KpjNbKoAbL0p4aQ58ye8Tm4ebDGQMhGXC4nROGvK36Cuz_JC-C7z76NIPNnF7hheXHNanAvNBEuBSvUnEDGwu6rNHc1j2rVe6n_iHFpz9RLj?key=0u-Oh_MD8jdA_RuyNB_UdA" alt=""><figcaption></figcaption></figure>

### Community Spotlight&#x20;

Growing everyday, thanks to the love and support of our community members - <https://x.com/CrVnsh/status/1838876808990560760><br>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXc3Hqn5dT6o6bGeklEB_ntGTAVobNQYKflMuD9GKoh7Vt2gbqQopEd6B9_gRnpVvVdL9qR68N5XIuL1YDTjLJ6CjG6ckdwh86_pWtcLNLz3NqlN-iBGprXsdTDpcVJ24gD0_lzUorPHjKZNkm4eg09IN3L4?key=0u-Oh_MD8jdA_RuyNB_UdA" alt=""><figcaption></figcaption></figure>

That’s all for now. We will be back with more news and exciting updates next week. Stay tuned!

\
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\ <br>


# 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](https://www.nftgators.com/franklin-templeton-expands-tokenised-rwa-money-fund-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.&#x20;
2. [Australia and New Zealand Banking Group joins Singapore’s Project Guardian](https://cointelegraph.com/news/australia-anz-bank-project-guardian-rwa-tokenization) - 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](https://u.today/press-releases/blocksquare-partners-with-polytrade-to-enhance-rwa-adoption) - 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.&#x20;
4. [Kin Capital to launch $100 million tokenised real estate debt fund on Chintai](https://www.coindesk.com/business/2024/09/30/digital-asset-manager-kin-launches-100m-tokenized-real-estate-fund-on-chintai-network/) - 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](https://cointelegraph.com/news/afm-crypto-pump-and-dump-warning-micar-regulation) - 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>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfd2OFkIzth5qJpP_eHqsH-4J9MR_VcbSGVwHkxfKk_k6pzcFeLheOpj0X0z00oBZyHAQ5TutHO2iFx0-zoOo4DiAbgBeqZYUqLmPVOldNWs5-KnKHjV2qyoVg7R457o7vgNbbPVIII_LP9ab7v4Juv2elf?key=oFwhx3GTRl2R_c4Yub2u-Q" alt=""><figcaption></figcaption></figure>

### 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>&#x20;

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcWeig3XDH4xk6PhhgYhTLfucDz8J3rH4vgp1TX0em28kwPmNn8VzCAJCZumUrTNDsi1ZzsI2AZqtGBPyijRjDlSrsG_wDIgfi7sfNiFFbTvuJ_k8JmLG4D5Y7r8pRQzys48obFA5WVsu9qp4cm6_yUxSYM?key=oFwhx3GTRl2R_c4Yub2u-Q" alt=""><figcaption></figcaption></figure>

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

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdnmSWikhogSyjnOyjDekz1ZucmFv_XqbOm8CPvHHbtbBUMI2SpLDeiTC_K0owT3oLiQEcOKPROa6fUrDOO9rZNCLD7UijPMqZQpIpVUAtYjWAewM9zb7_AEIQIMrCaNlEkQbS94ejXajeEKPMHGtTKqMA?key=oFwhx3GTRl2R_c4Yub2u-Q" alt=""><figcaption></figcaption></figure>

3. 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>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdIii4YGzqrqCJANf__XowkAt4dC6e5NkiqBX4WNLzb70PDOkRcM2RK2kEC84qcD-ricavEVcYzeU8RlFIFIF0iqpr-WuH3z8L8CIr4d4YfB_kM7DClIDFXXr1D0Fs3HSui3h4QruEIPFBvChuXCde8ymOG?key=oFwhx3GTRl2R_c4Yub2u-Q" alt=""><figcaption></figcaption></figure>

### Community Spotlight

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

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdzTHrelesFNSKMKe8N0V88joTIDnozwn1FLjiuDxSvXegdR7ZFztu0PNTu-i64ljdcLlFfqSr8-40ur8r8ASe-ZBu4lT3Ooc8fsYO0MoBdzCjHk0jRgs1K3BhrjglJ-Y0t93bL-25G1Jdh7qG6_w0UiHhI?key=oFwhx3GTRl2R_c4Yub2u-Q" alt=""><figcaption></figcaption></figure>

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

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# EMN Weekly Issue #17

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**

### Top RWA & MiCA News of the Week.

1. [Xalts launches new RWA tokenization platform on the Polygon Network](https://crypto.news/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.&#x20;
2. [According to a new Binance report, RWA is booming](https://en.cryptonomist.ch/2024/10/07/binance-research-surpassed-12-billion-in-the-bull-market-of-rwa-tokens/) - 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.
3. [Archax, Assetera partner to offer tokenized RWA in UK, Europe](https://cointelegraph.com/news/archax-assetera-partnership-tokenized-funds) - 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.
4. [Hex Trust And Clearpool Launch Blockchain Focused On RWA Yields](https://www.binance.com/en-TR/square/post/2024-10-09-hex-trust-and-clearpool-launch-blockchain-focused-on-rwa-yields-14622534869802) - 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.&#x20;
5. [LatAm Bank Littio joins Avalanche](https://www.coindesk.com/business/2024/10/09/latam-bank-littio-ditches-ethereum-for-avalanche-as-demand-for-rwa-vaults-grows/) - 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.&#x20;

### Crypto Humour of the Week

<https://x.com/emoney_network/status/1843929622632886697>&#x20;

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeRnPBSOUL1tIjQvM5cL0UOsXA2Xi-lCrkBhMHg2iSTcsvnuXFswEeDDxFw_Yj_gtXx24G9_bakByl2-SpojTIJO27B0aAFqCEPNYTPR1fIbgHHroJKYJqkXeY0f3BzTGWp5dcBXiMP83cbpnppXH_7rcs?key=yY5bg75IC744OHf9FH8OzQ" alt=""><figcaption></figcaption></figure>

### Top E Money Network Posts of the Week

1. 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>&#x20;

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXc1A8YYHGmPeKwW_6Jj5RCs4-2lB33UC09Munpai1bPR6cfs6eOR4PZ5NdSogg0m9k8EBkGLMA0YlbOUaY7yh-DviiRylXnv1nLbX7VF5-QkBxHTHkd4FjfC2mdlk17NaXc1DIe9glI7xEAfCGbuQ0LhNiX?key=yY5bg75IC744OHf9FH8OzQ" alt=""><figcaption></figcaption></figure>

2. Checking your onchain activities became easier with just a click from your E Money wallet. Post link : <https://x.com/emoney_network/status/1844351989469401557> &#x20;

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfaO2NkBq6bwKpe4-nsCmHmEok_MJ472eLhQqy0IKHzVwq2CmF7agbJHiSkWm0qVmxin0N0Iq9j9Lhs3SzKs2THvi5nDYcgtLKoKb5RxPEsWnxLvw64TlLSIuAOxaG3E9m-ZYjElilOA6KsO4uVqFRBIox-?key=yY5bg75IC744OHf9FH8OzQ" alt=""><figcaption></figcaption></figure>

### Community Spotlight

Our community is our rock, always cheering and pushing us on -&#x20;

<https://x.com/WealthALoyalty/status/1843420401373720934>&#x20;

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdHv9pwxXzrflMEjLZfJsm-tLjbNrwxD_TCeWd2DfxEj8hzmu0Lzj5sWOErSmY792-yJ0CKuTVuPHJu7RMlFtRaPJPCs036dCptm-B7ROHPaYMTffe1apYotQ112t05tiEIo7u_zxWR91h9YPIvh9lMLzbq?key=yY5bg75IC744OHf9FH8OzQ" alt=""><figcaption></figcaption></figure>

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

\ <br>


# EMN Weekly Issue #18

Hello everyone!

We are happy to share with you the 18th issue of EMN Weekly. This issue contains the hottest RWA and MiCA news from the crypto industry, latest developments at E Money Network, and some crypto humor. We hope you will find this issue both entertaining and informative. 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. [RWAs could see a more than 50-fold increase by 2030 says Tren Finance report](https://cointelegraph.com/news/rwa-tokenization-sector-50x-growth-2030-report) - According to a research report by Tren Finance, the tokenised RWAs sector could experience more than 50-fold growth by the end of this decade.“The integration of traditional finance with blockchain technology is not just a trend, but a fundamental shift towards a more accessible, efficient, and dynamic financial ecosystem,” says the report.
2. [Phlomis Finance unveils plans to offer tokenised RWAs on Chromia blockchain mainnet ](https://hackernoon.com/phlomis-finance-set-to-transform-real-world-asset-market-with-innovative-web3-solution)- Phlomis Finance, a project incubated by Swedish blockchain pioneer ChromaWay has announced its plans to launch tokenised RWAs on the Chromia blockchain mainnet, marking a significant milestone in bridging the gap between traditional finance and the crypto economy. Phlomis Finance will leverage Chromia's advanced relational blockchain infrastructure and the custom-built Chromia Real World Assets Protocol (CRWA) to power a platform that promises to democratize access to institutional-grade financial instruments. The tokenisation of conventional credit, debt and equity products will aid Phlomis Finance in eliminating barriers that have historically obstructed access to these products.&#x20;
3. [Wall Street’s interest in asset tokenisation growing: Bloomberg Report ](https://www.mitrade.com/insights/news/live-news/article-3-414442-20241016)- As per a recently published report by Bloomberg, Wall Street’s interest in asset tokenisation is growing. According to the report, Wall Street is also embracing blockchain technology as it helps RWAs to be more liquid, cheaper, and faster to exchange. The report also highlights concerns around the use of blockchain technology in exchanging assets, including the fact that if a token is sent to the wrong address or is stolen, then it may be lost forever if a public blockchain is used.
4. [EU’s markets watchdogs urges for modifications in MiCA framework](https://cointelegraph.com/news/europe-esma-recommend-mica-amendments) - European Securities and Markets Authority (ESMA) - the watchdog for European markets believes that the MiCA framework for regulating crypto across the EU needs to be modified. The watchdog recently released an official opinion on MiCA encouraging the European Commission to update several aspects of the framework. The opinion especially contains proposed changes to the two regulatory technical standards (RTS) related to data disclosures on intention to provide crypto assets services and the application for authorization as a crypto asset service provider.
5. [Rexas Finance to offer access to tokenised real estate to everyday investors](https://news.abplive.com/brand-wire/rwa-focused-crypto-platform-rexas-finance-rxs-to-unlock-real-estate-for-everyday-investors-through-tokenization-1725020) - RWA-focused crypto platform Rexas Finance is set to offer tokenised real estate investment opportunities to small and medium investors. Participants will be able to invest in the real estate sector by buying tokens pegged to properties stored on the smart contract database. The tokenization will convert the value of the expensive properties into tokens, thus lowering the investment barriers for many individuals.

### Crypto Humour of the Week

<https://x.com/emoney_network/status/1846158414172299302>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdyc-ER8XQc-tZe4V74tGnkGOvo3DPobUwlK5fvaxAYgo_LEeRX5P5UXIK7uhwCUKyXAOUpC32bdBaU3uJLOcD_XIVubWNX2WolbcG-lC0pwWu5QwvrUIczxcDLZvyTRxRq7ilxQaDq_sIFBvytEkoZk30r?key=xhJALKecZYfAxZJBbrDUYg" alt=""><figcaption></figcaption></figure>

### Top E Money Network Posts of the Week

1. E Money Network conducted its biggest ever $SCLP burn, removing 20 million $SCLP team tokens representing $3 million at current price - <https://x.com/emoney_network/status/1846919117304975409>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeQSbhbqQW0BabqrnKOJ-UwvU38c13Sb0slVZKF2crVAev1NqfM8Bu8CrtOONDVz35oxUakyNbWSWPhQ-bLuZ0BToL9zAKVGs-73vFfsqUkDF4e_6zu1hgA9hYSvcntGiar48-BXo4gHzwnVkLGZc6oz5A?key=xhJALKecZYfAxZJBbrDUYg" alt=""><figcaption></figcaption></figure>

2. E Money Network shared a glimpse of EPay which enables users to use their Telegram app for sending and receiving not just fiat, but crypto too - <https://x.com/emoney_network/status/1845796140677021744>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXf-pd0pFQYwY0PU1M2i9SGVmWjggZltKi2YL9fti-g1m7GVZZSbQM8p1EFOpNXEopkh0INipNekyGg1osKJIc2S9Q_HudAeyNS6n0lTgDF3SQUqWR1Vx-r7DKaBYhoTcRC3Gekr5nIAkWd1C_P0cix9xAw?key=xhJALKecZYfAxZJBbrDUYg" alt=""><figcaption></figcaption></figure>

3. E Money Wallet showcased Compound Finance dApp, a groundbreaking project building infrastructure for the future of finance, which users can access using the WalletConnect feature and access and use in a secure and compliant manner - <https://x.com/emoney_network/status/1846523877637095886>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdMukPImrHaNbt1Lu2F-LtMBuKrFf-XJSE1_vW0LTaJZV_lJPyrhQMNOQlSdcaL7If-GkF008ievWraOdHfpgPz1bn6-_97Wo_FqwbnBnoCS3FV0emvJQ5YvM5Oz6D7aNvR24cDa8WFshp-GerR0vHSTUo0?key=xhJALKecZYfAxZJBbrDUYg" alt=""><figcaption></figcaption></figure>

### Community Spotlight

We’re happy when our community is happy. Thank you dear community members for spreading the word about $SCLP token burn - <https://x.com/blockchain_goat/status/1846922501193957846><br>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdjKQJQdXmnO3w2Fn6TIb12AO1pJSv_im3OcNRwtH05E8JJSBVZLr8_mDBc5FxF54zikK0d8Ym2zTulG37A3--k-wcoHR7YhH9g6wf3qrjRRXfHOfSnPGB83vQuWwyi9FE41I_BpuZOh_4FwLPUBfkYOU4S?key=xhJALKecZYfAxZJBbrDUYg" alt=""><figcaption></figcaption></figure>

That’s all for this week. See you next week with more updates and news! Stay tuned.&#x20;

\ <br>


# EMN Weekly Issue #19

Welcome to the 19th issue of EMN Weekly!

We bring to you news on the hottest RWA and regulation-centric happenings in the world of blockchain and crypto and the latest developments at E Money Network. We hope that you find this issue both informative and entertaining. Happy reading!

**What's in Today's Issue?**

* **This Week's Top RWA & MiCA News**
* **Top E Money Network Posts of the Week**
* **Fun Post of the Week**
* **Community Spotlight**

### Top RWA & MiCA News of the Week.

1. [ANZ to pilot Chainlink’s Private Transaction Protocol for boosting RWA tokenisation](https://www.coindesk.com/tech/2024/10/22/anz-to-kickstart-chainlink-private-transactions-protocol-in-rwa-boost/) - Chainlink has released Private Transaction Protocol - a mechanism for enabling financial institutions to conduct secure and confidential transactions across different blockchain networks, and Australia and New Zealand Banking Group (ANZ) will pilot this privacy feature. ANZ will utilise the protocol for settling tokenised RWAs as part of Singapore’s Project Guardian.&#x20;
2. [Arttoo to launch RWA art project on Sui blockchain](https://www.crypto-news-flash.com/sui-foundations-latest-strategic-investment-arttoo-a-fine-art-rwa-project-on-sui/) - Arttoo, a project focusing on democratising art ownership, is planning to build the financial infrastructure needed for a decentralized, on-chain art trading platform on Sui blockchain. With this platform, Arttoo will enable users to invest in and trade fractionalised shares of masterpieces by iconic twentieth century artists such as Henri Matisse and Claude Monet.&#x20;
3. [Layer 1 RWA blockchain Mantra announces mainnet launch](https://cryptonews.com/news/layer-1-blockchain-mantra-officially-launches-mainnet-to-tokenize-rwa/) - Mantra, a Layer 1 blockchain focused on tokenising RWAs, has announced the launch of its mainnet, marking a groundbreaking step in bringing RWAs onchain. The Mantra chain will feature a customisable suite of tools geared to ensure regulatory compliance and network security for the RWAs sector. Users will now be able to bridge Mantra native coin OM from ERC-20 to mainnet as well as stake the token to help secure the network. Furthermore, they will also be able to earn onchain staking rewards.
4. [Cyprus stops CASP applications ahead of MiCAR implementation](https://dig.watch/updates/cyprus-halts-crypto-service-provider-applications-before-mica-transition) - On the coming December 30, the Markets in Crypto Assets (MiCA) regulations are set to replace national laws all across the EU. Owing to this event, the Cyprus Securities and Exchange Commission (CySEC) has already begun freezing CASP applications under Cypriot law. As of now, CASPs that register under existing crypto regulations before the December deadline can continue to operate until July 2026, unless they receive or are denied MiCA authorisation before then.&#x20;
5. [RWA Inc partners with Apsis Protocol to power RWA tokenisation](https://blockchainreporter.net/rwa-inc-partners-with-aspis-protocol-to-revolutionize-tokenized-asset-management/) - Leading RWA project RWA Inc has announced a strategic partnership with Apsis Protocol to add value to the management of RWAs in the digital realm. The collaboration is aiming at powering a more efficient, secure, and transparent way of managing RWAs using AI-powered decentralised vaults.&#x20;

### Fun Post of the Week

<https://x.com/emoney_network/status/1848716454671049060>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdtPPp7OehxgK-bC7Jq_6iK71JNRydb3I-R24IaDz2pT6BI_dYsPL-vOzrw8RiOxYvuv4j4rMag5rP_H1VomLVX3InXoTkwIhYMyTcDNJhYuazH5NFxEl5QW2ODvXnwNeswQjRBSNjxCcBNIUOWh4tbkPf9?key=Rnbl-9x33EhqgDvLU5EGcw" alt=""><figcaption></figcaption></figure>

### Top E Money Network Posts of the Week

1. E Money Network partnered with TRL, a holistic RWA ecosystem - <https://x.com/emoney_network/status/1848696508931313926>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcsdQwsuXq4v8l480WGiiHD-oWyxVhiIc-GbkFexGk_PDoit2bHQ3s2cjmzbiW_oa-dcCFcUIjOhKkO1I5NOpe_3xLrDCLTqGFNKuofW7MSWRgtp5OMKE5nBNCamw-2ktwJcrLwcmh2LqeJvrHazbUGTqvO?key=Rnbl-9x33EhqgDvLU5EGcw" alt=""><figcaption></figcaption></figure>

2. E Money Network partnered with TenArmor to achieve the highest level of security for its smart contracts - <https://x.com/emoney_network/status/1849424772431798348>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfgfInSgFTr256NEQFlVWdDrQ5btJF3UUxwbY_rOwa7JBK7eoXgqce5SzQ8Z4HrYjmTq3uVN691tqRSYkbMfHrnNUMmKieqkK4Iwpg3rbzq8fOvZn__5tDLeFbh66HwJOxOtHZB3huZe145uiRRAzBy_jXk?key=Rnbl-9x33EhqgDvLU5EGcw" alt=""><figcaption></figcaption></figure>

### Community Spotlight&#x20;

Three cheers for our super bullish community members! <https://x.com/emoney_network/status/1848696508931313926>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe2ScW26VIX3m0ab2qY_uZLVQNRKEfEuvx74cKV6yiDssb0EVmTNk9KuCrqzLxNRP8hryfBv6Yk3So_0_cXY6Sbb2bjJujSaJcm7uEUkajDO_BTXEmA77ByoyR_-EkwHVvhpZbUwvPDgjsbUAOBnknpKupU?key=Rnbl-9x33EhqgDvLU5EGcw" alt=""><figcaption></figcaption></figure>

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

\ <br>


# EMN Weekly Issue #20

Hello everyone!

We are excited to bring to you the 20th issue of EMN Weekly. We have covered top RWA and MiCA news of the week from the crypto industry, listed the most important E Money Network updates and thrown in some crypto humour to keep things light and fun. We hope you find this issue both informative and entertaining. 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. [BCG Report: RWA sector could potentially hit $600 billion by 2030](https://cointelegraph.com/news/real-world-asset-tokenization-sector-six-hundred-billion-aum-five-years-bcg) - According to a paper released recently by the Boston Consulting Group (BCG), RWA tokenisation could potentially hit $600 billion by 2030. In the paper, jointly produced by Aptos Labs and Invesco, BCG called RWA tokenisation “the third revolution in asset management”. “We see a pattern of growing investor demand in the tokenized funds space,” said David Chan, managing director and partner at BCG.&#x20;
2. [Polymesh and BDACS enter into strategic partnership to accelerate RWA tokenisation](https://www.businesswire.com/news/home/20241029176225/en/Polymesh-Association-and-BDACS-Sign-Strategic-Partnership-Agreement-on-RWA-and-Tokenized-Securities) - Leading permissioned blockchain infrastructure provider Polymesh Association is soon going to enter into a strategic partnership with BDACS, a leading blockchain and digital asset custody company based in Busan, South Korea. The partnership is aimed at enabling the two companies to discover and support promising RWA and tokenized securities projects in South Korea, collaborate on the enhancement and expansion of Polymesh’s RWA and tokenized securities protocol and ecosystem through marketing, custody support, and other efforts, and power joint cooperation to activate the Busan Blockchain Special Zone.
3. [Solana-based AgriDex to leverage Stripe’s Bridge to lower cost for agricultural trade settlements](https://www.coindesk.com/business/2024/10/29/solana-based-rwa-platform-agridex-taps-stripes-bridge-to-lower-cost-for-agricultural-trade-settlements/) - AgriDex, a Solana-based RWA marketplace for agricultural goods, is tapping stablecoin platform Bridge to lower cost for agricultural trade settlements. This move will allow AgriDex to integrate Bridge for enabling its buyers and sellers of agricultural commodities and products to use AgriDex as a cross-border payment and settlement venue using Circle's USDC stablecoin on the Solana network.&#x20;
4. [Mantra Chain joins Google Cloud for accelerating RWA tokenisation](https://blockchainreporter.net/mantra-partners-with-google-cloud-for-rwa-tokenization/) - Mantra Chain, a leading compliance-oriented blockchain, has joined Google Cloud for accelerating RWA tokenisation. Google Cloud, the world’s third largest cloud services provider, will supply essential infrastructure services and serve as a network verifier for MANTRA Chain, thus making real world asset trading more efficient and cost-effective. The integration will effectively make operations more scalable and secure, thus enabling Mantra Chain to bring assets on chain more efficiently.&#x20;
5. [MiCA poses systemic banking risks for stablecoins: Tether CEO](https://cointelegraph.com/news/mica-systemic-banking-risks-stablecoin-tether-ceo) - The Markets in Crypto Assets (MiCA) regulation is supposed to go into full effect the coming December. As per MiCA, stablecoin issuers are mandated to hold at 60% of reserve assets in European banks. As per Tether CEO Paulo Ardoino, this may pose a systemic risk for stablecoin issuers as banks can loan up to 90% of their reserves. “If you have 10 billion euros under management, you have to put 6 billion euros in cash deposits. That is 60% of 10 billion euros. We know that banks can lend out 90% of their balance sheet. So of the 6 billion euros, they lend out 5.4 billion euros to people \[…] 600 million euros will remain in the bank balance sheet,” explained Ardoino.&#x20;

### Crypto Humour of the Week

<https://x.com/emoney_network/status/1851559226935570779>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXc_JwbCf7X1NYjAIPHaBujyrL9XUdBmy-VEpm2-kxw4edQ529srVLgzo6lWCCR9V0zdLFGXxMRvqLMwXpkBGoxtpUpWLYDnD1ltuA8MJ6nfI3WNmMpG5QQcvnt1Ekhv6ewbdcYV1UttZIkDGzqH6pRkB8du?key=Mh-BoFf5qSv5GN6_a9K1Zf6X" alt=""><figcaption></figcaption></figure>

### Top E Money Network Posts of the Week

1. E Money Network shared a glimpse of the upcoming #EPay which will enable users to conduct crypto and fiat transactions using their Telegram ID - <https://x.com/emoney_network/status/1850867376129978495>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeG_ibkqQq1VQ0NIeuIZ8e7wKT9FnsRw4z90ityV55OEiQGGXjdroya7BIda0lwc9VPQz9VaWoz5-zvKHdO1Nkb8gPFQXkuj2pJdc9uS26it5YwC_BtxnGEWH4soVoG9I6o_BO1qbTlLGhl1DpI9nQfgunC?key=Mh-BoFf5qSv5GN6_a9K1Zf6X" alt=""><figcaption></figcaption></figure>

2. E Money Network CEO Raj Bagadi recently participated in the Hong Kong Fintech week and connected with leaders from the RWA space - <https://x.com/emoney_network/status/1850901640876040312>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfDEeQzF9JkvQL0bLH6JE0oX0T1SKj1g6fDayBIMycXcTb6RCBkeAkMKZt3Q2sUv1_CGFav8FM7DRNhzlmG3j2V4j_ASZVsq3t7kBw6nQBlG5nda2EoibvFHL3HhyPxAUdjKi3IJdzsI1avt4dcUXGTaOY?key=Mh-BoFf5qSv5GN6_a9K1Zf6X" alt=""><figcaption></figcaption></figure>

### Community Spotlight

Getting closer to our vision with the help of our community, one step at a time! <https://x.com/Apt_Teemah/status/1850974001914609859>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeGp3KgbgsDmCFQcO3RKvdRoec0SMUI3xtaRIShRrXmbeeNWKq156EFXgwRPO-QvYV3YG6nXboF3UXYN-PQr96aAElndShU8dANqBFW7-NRFoJ_OYGi9Q3P99uiC5e-w6ZJ6IGkx9PZGaCQhLrQPKe9Cbx7?key=Mh-BoFf5qSv5GN6_a9K1Zf6X" alt=""><figcaption></figcaption></figure>

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

\ <br>


# EMN Weekly Issue #21

Hello everyone!

We are excited to bring to you the 21st issue of EMN Weekly!&#x20;

In this issue, we have covered the most important RWA & MiCA news of the week and the latest updates from E Money Network. We hope you find this issue both interesting and informative. 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. [BNB Chain unveils no-code solution for RWA tokenisation](https://cointelegraph.com/news/bnb-chain-reveals-no-code-tokenization-service) - BNB Chain recently unveiled a disruptive RWA tokenisation solution which allows individuals and businesses to tokenise real world assets in minutes, without the need for coding. This service is equipped with built-in compliance tools and clear guidance at each step of the tokenisation process, including asset securitisation and onchain minting of tokens. This solution is poised to lower the barrier to entry for small businesses seeking to leverage real-world asset tokenization by reducing the cost, time and labor required to tokenise assets.
2. [Monetary Authority of Singapore planning to advance tokenisation in financial services](https://thetokenizer.io/2024/11/06/mas-announces-plans-to-support-commercialisation-of-asset-tokenisation/) - The Monetary Authority of Singapore (MAS) recently announced plans to advance commercialisation of asset tokenisation in financial services. These plans include forming commercial networks to deepen liquidity of tokenised assets, developing an ecosystem of market infrastructures, fostering industry frameworks for tokenised asset implementation, and enabling access to a common settlement facility for tokenised assets. The MAS has, under Project Guardian, convened over 40 financial institutions, industry associations and international policymakers across seven jurisdictions to carry out industry trials on the use cases of asset tokenisation in capital markets. More than 15 industry trials have been conducted in six currencies across multiple financial products till now.
3. [Securitize to solve inefficiencies in traditional fund administration with its fund services platform](https://thetokenizer.io/2024/11/04/securitize-launches-fund-services-platform-for-tokenized-real-world-assets/) - Securitize Inc, a leader in real world asset tokenisation, has revealed the launch of Securitize Fund Services. The new platform is aimed at fixing the inefficiencies in traditional fund administration by offering a fully integrated system for token issuance, capital raising, secondary trading on a regulated Alternative Trading System (ATS), transfer agent services, and comprehensive fund administration capabilities.&#x20;
4. [ATME set to transform regional capital markets with trading platform and RWA tokenisation services](https://www.khaleejtimes.com/kt-network/atme-set-to-transform-regional-capital-markets-through-real-world-asset-tokenisation) - ATME, the digital assets exchange licensed by Central Bank of Bahrain, is set the transform the capital markets across Middle East and beyond with a secure trading platform and a suite of comprehensive asset tokenisation services. ATME runs a digital marketplace that allows issuers to convert real-world assets such as commodities, private equity, real estate and more into tokens stored on a private blockchain and available for trading within a regulated environment.&#x20;
5. [Bitpanda partners with Eventus to meet legal requirements and trade surveillance needs](https://financefeeds.com/bitpanda-deploys-eventus-trade-surveillance-solution-ahead-of-eus-mica/) - Bitpanda has partnered with RegTech company Eventus to deploy the Validus platform for meeting legal and trade surveillance requirements. Eventus’ Validus platform will help Bitpanda comply with MiCA regulations. Bitpanda will leverage the platform’s automation capabilities to detect and prevent market abuse, manipulation and insider trading.

## Crypto Humour of the Week

Three Cheers for Trump! - <https://x.com/emoney_network/status/1854109610673914302>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd-R2W-V8kR0xYdisXiPRQZOPRJCCw4yq_Ive0m2Wd9Ep89xfLdak4WXwQ-2ZKvXjHGVBqnq_lGplmw7ryrZathGSity32UAAjyoT212IjXJSdkXwgZIswHyCOHZcrTHM7RW7KrwaGqLqg7NpNdRx4EfpQ?key=blI8owAewqf2Est1KzivF9sr" alt=""><figcaption></figcaption></figure>

## Top E Money Network Posts of the Week

1. E Money Network shared the details of Founder & CEO Raj Bagadi’s AMA with the community. Check the entire recording of the AMA spaces - <https://x.com/i/spaces/1LyxBgBNlDzKN>&#x20;

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe-jewyyjJ2UdDXbEZCWbe3DJi3pOD2PrzEoE7h6a38UMQGmgwKfSIjL3mfs1HflqHFnoU_pu2sjvqye1UjeQirIN_cS4bsKPMMz21rV2YyHgkWvBHWZiG8XtyjfhAcj8e9LBwLRDKwTJdVVv23fvpdGLY8?key=blI8owAewqf2Est1KzivF9sr" alt=""><figcaption></figcaption></figure>

2. E Money Network launched a bounty contest with Superteam - <https://x.com/emoney_network/status/1853409550331740170>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdk1Wq0ehkPYkP9vQrepgaiQLiCv-LEerTs5F-kiHqaUkAyTeKZr1rzhm0MWRRvgi1krPuUEubVCug28O0ssbjpB4KPI5s-Yf_UPJzRPZEWOWp2-WTCiBYrQ89dNueDlyXoFgCHDvx4GFtO1xcg5a4gqZ2a?key=blI8owAewqf2Est1KzivF9sr" alt=""><figcaption></figcaption></figure>

## Community Spotlight

We’re super excited to read your entries for our bounty contest! <https://x.com/eyo_ifreke/status/1853523210332955113>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcXmKgRXX0ZOBYpA3tp4BcomheNR-P7Rr4N8HGf1JRH4vAOA2S1JaYnndXJWhgANg7nAhBBnWatzZc-O_qWGJUFXhTp3I6xFYzmP7xOAuG2eEhwqHGJpmxHVAipEchs0qNqH1G-Y-PpMpGpanOE9WkNreX_?key=blI8owAewqf2Est1KzivF9sr" alt=""><figcaption></figcaption></figure>

That’s a wrap for this week. See you all next week with more exciting news and updates. Stay tuned!

\ <br>


# EMN Weekly Issue #22

Hello everyone

We are excited to bring to you the 22nd issue of EMN Weekly! This one’s loaded with RWA & MiCA news from the crypto industry, latest updates from E Money Network and crypto humour. We hope you find this issue informative as well as entertaining. Happy reading!

**What’s in Today’s Issue?**

* **This Week’s Top RWA & MiCA News**
* **Crypto Humour for the Week**
* **Top E Money Network Posts of the Week**
* **Community Spotlight**

### Top RWA & MiCA News of the Week.

1. [BlackRock brings BUIDL fund to 5 new blockchains](https://www.coindesk.com/business/2024/11/13/blackrock-expands-tokenized-fund-buidl-beyond-ethereum-to-five-new-blockchains/) - BlackRock, the world's largest asset management company, has brought its BUIDL fund, which currently lives on Ethereum, to 5 new blockchains. Issued in partnership with tokenization platform Securitize, BUIDL fund is now accessible on the Aptos, Arbitrum, Avalanche, Optimism's OP Mainnet and Polygon networks. "We wanted to develop an ecosystem that was thoughtfully designed to be digital and take advantage of the advantages of tokenization," Securitize CEO and co-founder Carlos Domingo said in a statement. "With these new chains we'll start to see more investors looking to leverage the underlying technology to increase efficiencies on all the things that until now have been hard to do."
2. [Outlier Ventures and Singularity Finance partner to introduce the RWA Base Camp Accelerator](https://www.cryptotimes.io/2024/11/12/outlier-ventures-partners-with-singularity-finance-for-rwa/) - Outlier Ventures and Singularity Finance have partnered to launch the RWA Base Camp Accelerator, an initiative for aiding new businesses in embracing the real-world assets (RWA) space. Startups that get selected for the 12-week accelerator will receive $100,000 in funding and access to guidance from Outlier Ventures on crucial aspects such as regulatory compliance, token design, community-building and engagement strategies, tokenomics, fundraising, pitch refinement, workshops, and more.&#x20;
3. [Deutsche Bundesbank joins Singapore’s Project Guardian](https://fintechnews.ch/fintechgermany/deutsche-bundesbank-project-guardian/73080/) - The Deutsche Bundesbank has become a member of the Project Guardian, an initiative by the Monetary Authority of Singapore (MAS) to explore real world asset tokenisation. The Bundesbank will participate in various pilot projects to test specific use cases for asset tokenisation, exploring its feasibility and its potential benefits for capital markets, and examining how it can leverage network effects.
4. [Cyprus’ CySEC now accepting crypto licence applications under MiCA](https://www.financemagnates.com/cryptocurrency/cysec-starts-to-accept-crypto-licence-applications-under-mica-but-no-deadline-on-decision/) - The Cyprus Securities and Exchange Commission (CySEC) recently announced that it is now accepting Crypto Asset Service Provider (CASP) licence applications from prospective entities and individuals for preliminary assessment under the Markets in Crypto-Assets Regulation (MiCA), which is scheduled to be implemented on 30th December 2024. “This initiative is designed to ensure a smooth transition to MiCAR which represents a major step forward for the protection of investors in financial markets” said Dr George Theocharides, CySEC Chairman.
5. [Tether launches RWA tokenisation platform Hadron](https://www.theblock.co/post/326650/tether-launches-rwa-platform-to-allow-the-tokenization-of-anything) - Tether recently shared it is launching an asset tokenisation platform - Hadron, which will enable the tokenisation of anything. "Tether’s new platform aims to offer a vast variety of asset types starting with vanilla reference products such as fiat-pegged or commodity-backed stablecoins, to more complex solutions such as digital asset collateralized tokens including basket-collateralized products," the company shared in a statement.&#x20;

### Crypto Humour of the Week

<https://x.com/emoney_network/status/1856353354714362045>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcNYPAQg_FVdpYfqpdL_qTWE97SRjOt-hX3Jtx5cL2iu7W1jvphOP097aG9z99VzwglsQGpFTGdnHypB__5DUfhZG_yx7dvCyxrQF1-m0H0jMgg5QMqUUn1l9noWvFKzxQ5QQWiFg?key=I0fueYOt0vAF_FKCgV8NtqAU" alt=""><figcaption></figcaption></figure>

### Top E Money Network Posts of the Week

1. E Money Network partnered with Hashkey, a leading digital asset trading platform - <https://x.com/emoney_network/status/1856659525727670679>&#x20;

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdtIzjgdaSKQIeptoRzUZODj9TGVG1vnMJzbb_E7ZdAfBtdw1I9U_0UKC0OcVCU89lnQafn9MpqLHpOdEf6QoZTeEVu6CyhH-5qc_lQun9VBQRodnfaX5v0riXagY-PhGXFINE6nA?key=I0fueYOt0vAF_FKCgV8NtqAU" alt=""><figcaption></figcaption></figure>

### Community Spotlight

We will scale new heights with your support, dear community members - <https://x.com/Defi_Fae/status/1856617723855360312>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeDAqqY0USNgS2MPq561frr7urPV_nbvqxvEFbtUc7kxnitGpKbrmrFQDAVfs0rEBAjYu4GE4xcgeGrBtIxFnD_-VsN7LQSI9-xQ-lbNRP0_zw-XYCiibn6ThhCEDXzboRN7KmSdQ?key=I0fueYOt0vAF_FKCgV8NtqAU" alt=""><figcaption></figcaption></figure>

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

\ <br>


# EMN Weekly Issue #23

Hello everyone!

We are back with a fresh issue of EMN Weekly. The 23rd issue of EMN Weekly contains the latest RWA & MiCA news from the crypto industry, top E Money Network updates and some crypto humour. We hope you gain meaningful insights from this issue and have a fun time reading 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 RWA & MiCA News of the Week.

1. [Securitize and Elixir Partner to Launch “sToken” for powering RWA access to DeFi liquidity](https://www.livebitcoinnews.com/securitize-and-elixir-launch-stoken-for-rwa-access-to-defi-liquidity/) - Leading RWA tokenisation firm Securitize has partnered with Elixir to launch “sToken”, which aims to bring DeFi liquidity to RWA holders. This innovation, which leverages ERC-4626 vault technology, enables institutional investors to use the RWAs issued by Securitize while retaining the yields of the underlying assets.&#x20;
2. [Polytrade unveils RWA 360 roadmap](https://bitcoinist.com/mastercard-startpath-alum-polytrade-releases-rwa-360-roadmap-to-become-the-home-of-everything-rwa/) - Polytrade, the world’s largest RWA marketplace, has unveiled its RWA 360 roadmap, which aims to provide a one of a kind holistic and experiential RWA landscape to users. The roadmap outlined key new features including Token Hub, Cross-Chain Bridging, Gamification, an industry-wide RAGMI Loyalty Program, and Prediction Markets. These features will be built on top of the existing marketplace to facilitate a more holistic RWA experience for users.&#x20;
3. [Bahrain-based digital assets exchange ATME plans to transform regional markets with RWA tokenisation](https://gulfbusiness.com/bahrains-atme-asset-tokenisation/) - ATME, a digital assets exchange licensed by the Central Bank of Bahrain (CBB) is launching a platform for RWA tokenisation to reshape the capital markets of Middle East. The platform will enable issuers to convert real world assets such as private equity, commodities and real estate into tokens on a private blockchain. According to Alex Lola, CEO of ATME, “Our platform is designed to give smaller businesses access to new capital-raising opportunities and help investors tap into asset classes that were previously out of their reach. We are creating a new way for businesses and investors to connect, building a financial ecosystem that offers inclusivity, security, and growth for all participants.”
4. [Goldman Sachs planning to launch crypto platform for issuing and trading financial instruments on blockchain](https://cointelegraph.com/news/goldman-sachs-spin-out-crypto-platform-report) - As per a recent report by Bloomberg, Goldman Sachs is planning to develop a platform for issuing and trading financial instruments on blockchain networks. According to Goldman’s global head of digital assets Matthew McDermott, the investment bank is exploring potential partnerships to add to the platform’s capabilities and develop new offerings.&#x20;
5. [Crypto exchange Gemini launches in France in a bid to expand footprint in Europe](https://www.the-blockchain.com/2024/11/19/gemini-expands-european-footprint-with-launch-in-france-amid-growing-crypto-trust/) - US-based crypto exchange Gemini has launched its services in France, as a part of its plans to expand in Europe. Earlier this year, the platform secured registration as a Virtual Asset Service Provider (VASP), and now it has begun offering French users the ability to trade and store over 70 cryptocurrencies via its platform. Users can access Gemini’s services through its web interface or mobile app, with several funding options that include local payment methods like debit cards, bank transfers, and Apple Pay. The company has also launched its advanced ActiveTrader™ platform and over-the-counter (OTC) trading services, to facilitate deep liquidity and provide competitive pricing for institutional clients.

### Crypto Humour of the Week

<https://x.com/emoney_network/status/1858858021490733490>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXekKBIwpw1jxZCQzPuyTMxRqxvS4qjcmIiHURpm1Rq1Lm8kT1kFJnYdEKLxEd2TqvSe28PA1b8IqT9Sv5QLhhLcCIBA_Zj7cGaaiQJq62bBT0iPzrPuW7Nga-AH5DbNRD5SjQ2Xew?key=Jh8kf6oCWioNtE6H7tXJ5NS8" alt=""><figcaption></figcaption></figure>

### E Money Network Posts of the Week

1. After delisting $SCLP tokens from exchanges, E Money Network announced the launch of its conversion portal which will enable users to convert their $SCLP holdings into $EMYC tokens - <https://x.com/emoney_network/status/1859874801499685064>&#x20;

Conversion portal link : <https://convert.emoney.io/welcome>&#x20;

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfWc0gRGwAEeWwwqGgsHHjg5tf3bIRSNu0fz5xqYNL8bj2C1BI0tlStd38A6IpSZdylmo76eLI9bduKucGGNIlbyYwwDY523xtKqtdVTYmAX7mI9iiCqNHCrbr5o2mzumq7wFL71w?key=Jh8kf6oCWioNtE6H7tXJ5NS8" alt=""><figcaption></figcaption></figure>

2. E Money Network announced the extension of its bounty contest with Superteam - <https://x.com/emoney_network/status/1858518940491653293>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXewua4ckpVCXnx_Bog9zxNsXeQ9kyjzCaMOxj1TWBly-J7R1HFWVLOf4jdPRV4ekWxxM4pIdgyoPOkrY83nRcS0BrIGjzF_hCe1wnhpyo4KjyCg3kjARWZIpuudigWDr5BhOs99AQ?key=Jh8kf6oCWioNtE6H7tXJ5NS8" alt=""><figcaption></figcaption></figure>

### Community Spotlight

We’re striding on the #RoadToMainnet and we need all your support! <https://x.com/CrVnsh/status/1859168064094265415>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeEIc18rXhqwIYDAvyH60wMcYvN61KseXg1JPskD_L65KrHdfgN9Lgac5GafdGpP-O9Y0OFHka8O3-o3rhOSr20Xbe0o_UJZzjN82KLBSaukU92v5t-IetjOGUqCpkAs_i6JBRSWA?key=Jh8kf6oCWioNtE6H7tXJ5NS8" alt=""><figcaption></figcaption></figure>

<br>

That’s all for this week. We have big updates coming up for you. So stay tuned, and keep checking our official Social Media channels!

\ <br>


# E Money Network: Infrastructure for the Next Generation of Digital Finance

E Money Network is a blockchain infrastructure platform designed to bridge decentralized finance, regulated financial services, and real-world assets within a single ecosystem. Operating globally from its headquarters in Panama, E Money Network focuses on building the technological and compliance layers required for the next phase of Web3 adoption.

Rather than positioning itself as a single consumer application, E Money Network functions as an underlying financial infrastructure. It enables individuals, developers, and institutions to interact with blockchain-based financial services in a secure, transparent, and compliant environment.

### What is E Money Network

At its core, E Money Network is a public permissioned blockchain designed for financial applications. This architecture combines the transparency and programmability of public blockchains with the compliance controls required for regulated financial services.

The network is designed to support what is often described as DeFi 2.0. While early decentralized finance focused primarily on speculative financial products, the next phase of Web3 focuses on real-world financial integration. E Money Network provides the infrastructure layer that enables this transition.

The network integrates several key components that make this possible:

#### On-chain identity and compliance

Financial services require identity verification and compliance mechanisms. E Money Network integrates on-chain KYC and AML verification systems that allow wallets and smart contracts to operate within regulatory frameworks. This creates an environment where decentralized applications can interact with verified participants while maintaining on-chain transparency.

#### On-chain verification and transaction auditing

Every transaction within the ecosystem can be verified through the public blockchain explorer available at:

[https://explore.emoney.network](https://explore.emoney.network/)

This ensures that all transfers, smart contract interactions, and token activities remain auditable and transparent on-chain.

#### Tokenized fiat and digital assets

E Money Network supports the minting and management of tokenized fiat instruments known as E Money Tokens. These tokens represent fiat-backed digital assets designed to move seamlessly across blockchain networks while maintaining a connection to regulated financial infrastructure.

#### Real-world asset integration

The platform is also designed to support tokenization of real-world assets. From financial instruments to physical assets, the network enables assets to be represented and managed on-chain, unlocking new liquidity models and transparent ownership structures within Web3.

### The E Money Wallet ecosystem

One of the primary access points to the network is the E Money Wallet. The wallet provides users with a unified interface to interact with blockchain and financial services.

#### Multi-chain support

The wallet supports multiple blockchain networks including Ethereum and Solana. Users can manage different assets, convert currencies, and transfer funds across networks without needing separate applications.

#### Global payments

Through integrated payment features, users can send funds worldwide, convert digital assets, and manage multiple currencies from a single wallet environment.

#### WalletConnect integration

The wallet connects directly with hundreds of decentralized applications using WalletConnect, allowing users to interact with DeFi protocols, NFT platforms, and other Web3 services securely.

#### On-chain compliance and transparency

Compliance features such as integrated KYC and AML systems are embedded directly into the platform architecture. At the same time, all blockchain activity remains verifiable through the network explorer, ensuring transparency for both users and institutions.

#### Crypto spending through the EMN card

The ecosystem also includes a payment card linked directly to the wallet. This card allows users to spend their crypto assets in everyday transactions while maintaining custody and visibility through the wallet interface.

The card can be used globally across a wide network of merchants, enabling users to pay with digital assets for daily purchases while interacting seamlessly with the traditional payment infrastructure.

### The EMYC token and its role in the ecosystem

At the center of the ecosystem is the EMYC token, which functions as the primary utility asset within the E Money Network environment.

EMYC is designed to power incentives and functionality across the platform. Token holders can participate in staking programs that unlock benefits and additional features within the ecosystem, forming the foundation of its utility framework.

#### Staking and rewards

Users can stake their EMYC tokens through the official staking dashboard available at:

<https://dashboard.emoney.io/emyc-staking>

By staking tokens, participants gain access to different reward tiers within the ecosystem. These tiers unlock discounts and benefits related to platform usage.

#### Tier-based benefits

Stakers can connect their wallet to the rewards section of the platform to determine their current tier level. Based on the amount of EMYC staked, users may qualify for different discount levels when interacting with services inside the broader ecosystem.

These mechanisms are designed to encourage long-term participation while aligning incentives between users and the network infrastructure, with additional utility expected to be introduced over time.

### The broader ecosystem

E Money Network operates as part of a growing ecosystem of partners, developers, and service providers. A full overview of the ecosystem can be found at:

<https://emoney.io/ecosystem>

These partnerships support the network’s mission to build a scalable and interoperable financial infrastructure capable of supporting both decentralized applications and real-world financial services.

### The role of Scallop as a strategic partner

While E Money Network operates as an independent organization, the ecosystem also benefits from strategic partnerships with regulated financial infrastructure providers.

One of these partners is Scallop, whose financial application integrates the EMYC token within its platform. Through this integration, EMYC holders can unlock additional functionality and platform benefits inside the Scallop environment.

For readers who want to understand the corporate structure and operational relationship between both organizations, a detailed explanation is available here:

<https://blog.emoney.io/faqs/e-money-network-and-scallop-clarifying-structure-roles-and-responsibilities>

### Conclusion

E Money Network provides a foundational infrastructure layer for the next phase of blockchain-based finance. By combining on-chain transparency, integrated compliance systems, and support for real-world assets, the network creates an environment where decentralized finance can interact with the regulated financial world.

Through its wallet, token infrastructure, and ecosystem partnerships, E Money Network continues to expand the practical applications of blockchain technology while enabling users and institutions to participate in the evolving digital financial landscape.

<br>

<br>


# E Money Wallet: Secure Crypto Transactions with Regulatory Compliance

E Money Wallet: Secure Crypto Transactions with Regulatory Compliance

The E Money Wallet is a core component of the E Money Network that facilitates crypto asset transactions within the E Money Network ecosystem and beyond it in a secure, transparent and legally compliant manner.&#x20;

### E Money Wallet’s Role in the E Money Network

Downloading the E Money Wallet is the first step towards becoming a part of the E Money Network ecosystem. The E Money Network is a modular RWA protocol that works as an L1 blockchain designed for powering dApps that establish seamless interoperability between DeFi 2.0 and RWA tokenization.&#x20;

The E Money Wallet is a key constituent of all dApps as it enables users to buy, sell, send, receive and hold their crypto assets.&#x20;

Download wallet here:\
<https://chromewebstore.google.com/detail/ndklagefmdogpfkffimjdnbnplllndic?hl=en&authuser=0>

<figure><img src="https://lh7-us.googleusercontent.com/x464sbTvgMhnicc0bGbKw4g906egJGn5c7lcupZz0NGyhpOaWkOc8RQ25mQzGR2XTF5caEVABiACc64NuhU5If2pQZiVl1GR3NNaXNNTvXnl1zaMctDrEew4MgxOT0tGJPJm0I0VPHJAEj_olZ4AXJE" alt=""><figcaption></figcaption></figure>

### What Differentiates E Money Wallet From Other Crypto Wallets

At the first glance, the E Money wallet appears to work like other popular crypto wallets. It emulates other wallets in its ease-of-use and efficiency. Users can switch easily from their existing wallets to the E Money Wallet without engaging in a steep learning curve.&#x20;

The E Money Wallet is designed to enable the exchange of crypto assets including e-money tokens (EMTs). Presently, the wallet is functional within the E Money Network. In the upcoming phases of development, the wallet will be ready to offer seamless multi-chain interoperability, making it ideal for transacting in tokens from EVM-compatible blockchains.

One of the chief differentiating factors between the E Money Wallet and other Web3 wallets is its compliance with Markets in Crypto Assets (MiCA) regulations directly on-chain. Several user identity frameworks (KYC,etc.) and compliance modules are integrated into [E Money Network](https://emoney.io/) to ensure compliance with various upcoming regulations, including [MiCA regulations](https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica).

Every user has to mandatorily undergo KYC for using the E Money wallet. KYC compliance is a fundamental requisite for fostering trust and integrity among the crypto community and it helps in mitigating the risk of running into conflicts with regulatory authorities.&#x20;

In accordance with MiCA compliance and FATF travel rule, the E Money wallet will also allow users to whitelist blockchain addresses, wherein they restrict transactions with only approved Web3 wallet addresses for added security and control.&#x20;

Additionally, the E Money Network team is working on bringing the best of traditional banking systems to blockchain by enabling the integration of International Bank Account Number (IBAN) on Chain with the traditional 0x address. This will allow users to switch seamlessly between crypto and e-money tokens backed by fiat currencies. Users will be able to mint e-money tokens directly from the wallet interface, facilitating efficient conversion between e-money tokens and crypto assets, thus solving the persistent problem of on and off ramping in the crypto space, in a safe, efficient and compliant manner.&#x20;

Thus, by integrating IBAN into the Web3 ecosystem, E Money Wallet will facilitate seamless interoperability between Web2 and Web3 worlds.&#x20;

### How to Install the E Money Wallet?

Presently, E Money Wallet is available as a browser extension. It can be downloaded and set up for use in a few easy steps -

1. Click [here](https://chromewebstore.google.com/detail/e-money-network/ndklagefmdogpfkffimjdnbnplllndic?hl=en\&authuser=0) to install the E Money Wallet as a Google Chrome Browser extension.&#x20;
2. Choose a unique username. Then add your email address and unique password. Verify your email address with OTP.
3. Now, initiate the Sumsub KYC. Make sure to do this step on a laptop or desktop only.&#x20;
4. Select your geographic location to move ahead. Users in all locations, except the US, can access the wallet.
5. Enter your email address (the same one you used for signing up on the wallet) in the space provided and verify it with the OTP that you will receive in your email.
6. In this step, fill in your personal details. Once done, your profile will be verified.&#x20;
7. Complete the Mnemonic verification and click on Finish. Store your secret recovery phrase safely.
8. Now, go to the Extension tab on your browser, select E Money Wallet, and enter your password to unlock the wallet. To use E Money Wallet smoothly, kindly disable Metamask wallet from your browser extension.&#x20;

Watch a video of the E Money wallet installation process below.

{% embed url="<https://www.youtube.com/watch?v=w91Yw7ET-UA>" %}

### How Can You Use the E Money Wallet Now?

We launched the E Money wallet on 18th April to enable our community to experience the E Money Network testnet. Presently, users can do the following with the E Money Wallet:

* **Send and Receive EMYC**&#x20;

1. Open your E Money Wallet, and click on withdraw to send EMYC.
2. Paste your friend’s address under the ‘To’ section and fill any amount equal to or below the amount in your wallet, leaving a small amount of EMYC for transaction fees.&#x20;
3. Click on Send, and then verify and confirm the transaction. Once done, your friend will receive the EMYC in their E Money Wallet.&#x20;

<figure><img src="https://lh7-us.googleusercontent.com/V8eOK7YcoPOBzgsX-C9p4VV_2Ds65Z2jcDRlXQWWnEg4xSmcIizN_-dVmHLK5-njwj7zLXjl66fWqnje7KhtoU-367aVzNZc9Fk_398A2c4r4pFPoI7ETpJsk8IalepV_f9gTMlrl6Z45NBqN3rYcNA" alt=""><figcaption></figcaption></figure>

* **Send and Receive eEUR faucet tokens**

1. Unlock your E Money Wallet, and select the E Money tab at the bottom of the wallet to access your default 5000 eEUR tokens. Now, click on withdraw to send these eEUR tokens.
2. Paste your friend’s address under the ‘To’ section and fill any amount equal to or below the amount in your wallet, leaving a small amount of EMYC for transaction fees.
3. Click on Send, and then verify and confirm the transaction.  Once done, your friend will receive the eEUR tokens.&#x20;

<figure><img src="https://lh7-us.googleusercontent.com/JGX53K2WXbPfL6I8Er4Wr0iMnHs4MlWUneJy_FAA7wz_iVk_TsAR9TUzhc4FhbZOLKc3BpvYlzVTo4tdRCpnXlPeG_ChWTygFPtoHLE319mV_JRaZfl0lfdd3EBV3104ifsJL7aYE5Z1WgWA42htehI" alt=""><figcaption></figcaption></figure>

* **Deploy the wallet in dApps on the testnet**&#x20;

If you are a developer interested in building a dApp on E Money Network, you can reach out to us by filling out this [form](https://form.typeform.com/to/M0Wq09qI) and joining our grant channel on our [Discord](https://discord.gg/emoneynetwork). &#x20;

More information about using the wallet for EMYC and eEUR transactions is available [here](https://blog.emoney.io/announcements/e-money-network-testnet-goes-live).&#x20;

The E Money Wallet will support many more functionalities once the E Money Network Mainnet is live. Stay tuned and follow us on [X](https://twitter.com/emoney_network) for updates!<br>


# Unlocking Opportunities: Exploring the E Money Network for Developers

*The E Money Network is a trailblazing innovation in the Web3 space that aims at bringing Real World Assets (RWAs) into the realm of blockchain by tokenising them. With a robust interoperability protocol and an intuitive Software Development Kit (SDK), the E Money Network unlocks new opportunities for developers to build next-generation applications that will transform the RWA economy.*

### Interoperability is the Key

E Money  is building the blockchain architecture for the next-generation RWA ecosystem from the ground up. In doing so, it is solving some key pain points of the existing blockchain space, including the lack of interoperability.&#x20;

E Money Network’s integration with the Inter-Blockchain Communication (IBC) protocol allows inter-chain communication. This opens up a wide array of possibilities for developers, as they are not restricted to using a single blockchain to develop their application, but they can leverage the unique capabilities of multiple blockchain networks to create more versatile and powerful RWA-centric applications. Developers  can pick and choose components from different blockchain systems and integrate them into their applications for greater utility and efficiency, and a richer user experience.&#x20;

At the ecosystem level, interoperability fosters seamless liquidity for native crypto assets from the top crypto ecosystems (Ethereum, Avalanche, etc. ) within the E Money Network. The aggregation of liquidity from different sources contributes to greater market depth and efficient price discovery for RWAs will enhance the proficiency of the apps. &#x20;

Furthermore, developers on E Money Network can tap into a larger user base by building applications with cross-chain interoperability support. This removes barriers to entry for users who are currently using other blockchain systems, but want to experience RWA-centric applications in the E Money Network ecosystem.

### E Money Network Bridge Contracts

An important component of E Money Network’s IBC are its trustless bridges. E Money Network’s trustless bridges enable the transfer of crypto-assets over EVM chains, without the need for a centralised custodian. Using Chainbridge standard contracts, ERC20/EMYC20 handlers, Relayers and Generic handlers, tokens can be transported over EVM chains securely and efficiently. A [bridge contract](https://docs.emoney.network/e-money-network-bridge-contracts) on each chain forms either side of the bridge.

* **Handler Contracts:** Handler contracts are customised to execute specific actions in regard to sending and receiving tokens across the bridge. For example, the contracts can be instructed to mint new assets on one end of the bridge, when assets on the other end get locked.
* **Relayers:** Relayers help in validating transfers across the bridge as they serve as distributed bridging authorities and event proposers (propose/execute).
* **Generic Handlers:** Generic handlers are highly customisable contracts that can be deployed to perform an array of functions such as bridging generic data or documents over different EVM chains.

\
Bridge contracts standards are a critical component for developers to build applications with interoperability support on E Money Network. To know more about E Money Network’s Bridge Contracts, check our technical documentation [here.](https://docs.emoney.network/e-money-network-bridge-contracts)

### EVM Compatibility & WASM Functionality

E Money Network prioritises developers with its wide range of features tailored to their needs. One of its most developer-friendly attributes is its EVM compatibility.

The Ethereum Virtual Machine (EVM) environment has the largest concentration of decentralised applications (dApps) owing to its Smart Contract functionalities, security and stability. The E Money Network is equipped with EVM compatibility which enables developers to import their existing applications or build new ones on E Money Network, thereby leveraging its network effects and liquidity worth billions of dollars.&#x20;

Additionally, developers do not need to know Solidity, the native language of Ethereum, to code on the E Money Network. E Money Network is WASM-compatible, which allows developers to write code in different languages like C/C++, Java, Python, etc. and deploy it on the E Money Network.&#x20;

EVM compatibility will benefit developers to build applications quickly and easily on E Money Network. This means that developers can accelerate their development cycles by utilising existing tools and resources, code libraries, modules, etc. without engaging in a steep learning curve.

### E Money Network Software Development Kit (SDK)

E Money Network aims to abide by the developer-first approach and that’s where E Money Network SDK will come in. The E Money Network SDK, built on the Cosmos SDK framework,  is a comprehensive and intuitive toolkit that allows developers to create efficient and robust applications with ease. Here are some of the features of the E Money Network SDK -

* **Modular Design -** The E Money Network’s SDK’s modularity enables developers to pick and choose specific functionalities to incorporate into their applications. Apart from choosing from standard readymade modules like governance, staking, locking and bank, developers can also build their own custom modules according to their needs. This flexibility enables the creation of highly customised and efficient applications.&#x20;
* **Tendermint Consensus:** The E Money Network’s SDK leverages [Tendermint](https://docs.emoney.network/consensus-overview), a Byzantine Fault Tolerance (BFT) consensus engine, to ensure security and reliability of blockchain transactions. With Tendermint, block finality is achieved instantaneously, ensuring that transaction data cannot be altered after confirmation. &#x20;
* **Cross-Chain Interoperability:** The E Money Network SDK integrates seamlessly with IBC, enabling developers to build applications that can communicate with other IBC-compatible blockchains. Cross-chain interoperability fosters a more harmonised blockchain ecosystem, making it easier for developers to create more user-friendly and scalable applications.
* **Development Tools and Resources:** The E Money development team provides comprehensive documentation, tutorials, sample code and grants to help developers get started with the E Money Network SDK. Currently, developers can build apps on testnet by applying for grants.  To know more about E Money Network’s grant program, click [here](https://blog.emoney.io/faqs/grant-program) to apply for grants and join our grant channel on [discord](https://discord.com/invite/emoneynetwork). &#x20;

E Money Network aims to be a developer-centric platform that not only provides the right tools to its developers, but it goes the extra mile to provide a holistic environment to create and test next-gen RWA-centric applications and further the progress of Web3.

**Read our resources for more information:**

Whitepaper: <https://whitepaper.emoney.network/>&#x20;

Technical documentation: [https://docs.emoney.network](https://docs.emoney.network/)


# E Money Network: Driving the Next Wave of Crypto Apps

The crypto space is on the cusp of a major transformation propelled by new developments on regulatory and technological fronts. The upcoming MiCA regulations are a push towards legitimising crypto, and this much-anticipated validation is catalysing new developments in blockchain technology and its use cases. E Money Network, with its cutting-edge, MiCA-compliant technology, is unlocking endless possibilities for new-generation applications, thereby positioning itself as a frontrunner in the transition to Web3.

### E Money Network’s In-built MiCA Compliance

[E Money Network](https://emoney.io/) is the world’s first blockchain with in-built MiCA compliance. Every user in the E Money Network must undergo identity verification. This feature is in line with MiCA directives that mandate crypto-asset service providers to conduct KYC checks on all their clients and additional due diligence on customers from EU High-Risk Third Countries. Furthermore, E Money Network also has requisite Know Your Business (KYO), Know Your Ownership (KYO) and Know Your Transaction (KYT) measures in place to safeguard users, mitigate the risk of fraud, money laundering and terrorism financing, and maintain the integrity of the network.

### Blockchain Tech, but a Cut Above the Rest

E Money Network is essentially a blockchain platform, however, its unique features open a world of new possibilities for developers. For starters, it is making interoperability in the blockchain space a reality by integrating Inter-Blockchain Communication (IBC) in its infrastructure. With [Chainbridge contracts](https://docs.emoney.network/e-money-network-bridge-contracts), E Money Network creates trustless bridges between different blockchain networks like Polygon, Solana, Avalanche, etc. for seamless transfer of assets. By inducing interoperability in the blockchain space, E Money Network is aggregating liquidity, which, at present, exists in fragmented silos across different networks.<br>

E Money Network’s EVM-compatibility also gives developers a compelling reason to choose it for porting their existing applications or developing one from scratch. To make their work easier, E Money Network offers them a comprehensive, modular and intuitive SDK based on the Cosmos SDK, and support for WASM. Furthermore, there are ready-made modules such as bank, staking and KYC that developers can integrate directly into their apps. Or they can create their own modules according to their needs. To know more about E Money Network’s tech tools and functionalities, read our [blog](https://blog.emoney.io/products/unlocking-opportunities-exploring-the-e-money-network-for-developers).

\
Another distinguishing feature of the E Money Network is its IBAN on-chain functionality, which allows users to use their E Money wallet like a regular bank account. This functionality is a work-in-progress, and in the near future, users will be able to send, receive and spend fiat currency using their IBAN-linked crypto wallets seamlessly. This functionality, when integrated into groundbreaking apps, will change the way users interact with crypto. To know more about how E Money Network’s IBAN on-chain functionality works, read our[ whitepaper](https://whitepaper.emoney.network/products-e-money-network/e-money-network-wallet).

### So, What is the Scope of Development on E Money Network?

E Money Network brings together a host of crucial technological, regulatory and financial features to create a holistic environment conducive to the development of next-generation applications. There are endless possibilities as to the type of applications developers can build on the E Money Network, and we have listed a few of them here -&#x20;

* **Cross-chain marketplaces**&#x20;

E Money Network’s interoperable infrastructure can enable the development of cross-chain marketplaces where users can seamlessly trade assets across different blockchain ecosystems without needing to convert them first.

For example - An NFT marketplaces on E Money Network can support the exchange of various types of blockchain-based digital collectibles, and NFTs regardless of the underlying blockchain protocols, thus powering a more unified, user-friendly, and efficient trading experience. With interoperability, users will be able to lock their NFTs on Ethereum and use them in the E Money Network, thus, ensuring optimum utilisation of digital assets.

* **DeFi Applications with cross-chain Liquidity:**&#x20;

E Money Network’s EVM compatibility and interoperability can enable DeFi applications to access liquidity pools from various blockchains. Developers can build better lending and borrowing applications that allow users to lock their assets on one blockchain and borrow from another. Apart from being a lucrative proposition for users, enhanced liquidity within DeFi protocols leads to competitive rates, efficient capital allocation, better risk management, and a more robust financial ecosystem.

For example - A crypto asset such as eTesla can be locked on Ethereum blockchain and used as collateral for borrowing funds from an RWA-centric DeFi application on E Money blockchain.

* **Interoperable Gaming application:**&#x20;

E Money Network can be a trailblazing force in the gaming industry. It can power a gaming economy in which in-game assets are transferable and can be used across different blockchain-based games. A more interconnected gaming experience can open doors for innovative play-to-earn models and facilitate the creation of chain-agnostic, gaming-specific marketplaces where players can buy, sell, or trade gaming assets.&#x20;

For example - E Money Network can power the creation of a unified identity/avatar for players which allows them to maintain a consistent gaming profile, achievements, and virtual assets across multiple games or virtual worlds and track their progress regardless of the platform or game they are playing.&#x20;

* **Real World Asset (RWA) Applications:**&#x20;

E Money Network, with interoperability as a core feature of its architecture, EVM compatibility, and robust developer toolkit, presents a compelling platform for building innovative Real-World Asset (RWA) applications. Tokenised RWAs can enable more users to participate in the RWA economy by allowing secure and transparent virtual fractional ownership of RWAs.

For example - An RWA application can enhance liquidity for traditionally illiquid assets such as real estate by enabling fractional ownership. By powering secure fragmentation and tokenisation of capital-intensive real estate projects, the RWA application enables more people to invest in the project. With their RWA tokens, users can either choose to get returns on the investment, collateralize them for availing loans, or trade them on crypto asset marketplaces.

* **Payment application:**

E-money tokens will be natively supported on the E Money Network, as the platform’s MiCA-compliance ensures seamless issuance and redemption of e-money tokens in the ecosystem. E-money tokens will power transactions within and beyond E Money Network.&#x20;

For example - eEUR can be used as a medium of exchange where you can purchase products on any e-commerce website or book flight tickets using your E Money wallet.&#x20;

* **Intellectual Property(IP) marketplace application:**&#x20;

E Money Network has the potential to induce efficiency in the management of intellectual properties (IPs) and optimise their monetization. The platform serves as a launchpad for Real World Asset (RWA) tokens linked to intellectual property and enables secure and transparent trading of digital assets tied to unique ideas and patents. The platform’s Smart Contracts functionalities can automate payment of licensing fees and royalties according to predefined rules, thereby ensuring peace of mind for creators.&#x20;

For example - E Money Network can foster IP marketplaces which enable music creators to monetise their music. These marketplaces can connect music creators directly with users, who can purchase tokenised rights to the music. Furthermore, these marketplaces can also support innovative forms of monetization for creators such as enabling them to launch limited edition music copies/albums in the form of NFTs.

* **Decentralised Physical Infrastructure Networks (DePIN) application:**&#x20;

The E Money Network lays the groundwork for DePIN, thus contributing to the development of community-led physical infrastructure models. With E Money Network, DePIN projects can leverage the features of blockchain such as tokenisation, transparency and traceability of transactions, and secure ownership of assets to foster trust among communities and incentivize their members to contribute to building DePIN infrastructure.&#x20;

For example - Interconnected mobile network of thousands of mobiles with data package in which every user with unused data can resell it on the DePIN application built on top of the E money network, thereby optimising data utilisation.&#x20;

E Money Network recently rolled out its [testnet](https://blog.emoney.io/announcements/e-money-network-testnet-goes-live) for users and developers and the development of mainnet is in full swing. If you are a developer with a revolutionary idea, then E Money Network will extend its full support to help you actualise your vision. You can avail a grant for building your next-gen application. Click here to know more - <https://blog.emoney.io/faqs/grant-program>

Also, keep following this space for more updates!

<br>

\ <br>


# Security-First: A Deep Dive into E Money Network’s Robust Features

E Money Network is a modular RWA blockchain. This means that E Money Network is poised to be the infrastructure layer for a wide spectrum of RWA applications.&#x20;

At present, E Money Network has a testnet and a Web3 wallet. Upon the launch of mainnet, the network will be ready to support applications capable of facilitating the generation, storage and exchange of millions – or billions – of dollars worth of value in tokenised assets. This makes it imperative for E Money Network to be the strong and secure foundation that can manage and safeguard value, and earn the confidence of developers and users.

E Money Network has integrated a wide range of security features to ensure asset and data protection and foster ecosystem integrity. These features are also designed to mitigate the risk of potential threats. **Following is an overview of the security features of E Money Network -**

1. **Instant transaction finality with no challenge period - This feature ensures that once a transaction is confirmed, it is recorded instantaneously and immutably on blockchain.** This eliminates the risk of double-spending, where a malicious entity can exploit the delay in finality to spend the same asset twice. Furthermore, this feature enables improved user experience. Users are able to interact with the network with peace of mind knowing that their transactions will get immediate confirmation and will be non-reversible, eliminating the need for waiting or rechecking.
2. **Cross-chain communication with IBC protocol -** The Inter-blockchain Communication (IBC) protocol is a mechanism for facilitating interoperability between different blockchain networks. **The IBC protocol lends greater security to cross-chain transfers than other systems as it does not rely on a centralised intermediary for facilitating these transfers**, thus preventing the risk of hacks and single points of failure.&#x20;
3. **Trustless decentralisation Without a Centralised Sequencer -** E Money Network doesn’t have a centralised sequencer responsible for ordering transactions. It utilises decentralised sequencers for distributing transactions across different nodes. **This feature facilitates trustless decentralisation in the network and makes it more secure by eliminating the risk of single points of failure.**&#x20;
4. **EVM Compatibility -** E Money Network achieves EVM compatibility through the use of integrated EVM-modules. These modules replicate the Ethereum Virtual Machine (EVM) environment, allowing developers to deploy and execute Ethereum Smart Contracts. The EVM module interprets EVM bytecode, manages EVM state, handles EVM transactions and messages, and interacts with the underlying Cosmos-SDK for consensus, storage and other functionalities. **The Ethereum address mapping feature helps in maintaining compatibility by employing a mapping mechanism to translate Ethereum addresses into Cosmos addresses ensuring seamless interaction between Ethereum accounts and Cosmos accounts.** Furthermore, a JSON-RPC Server provides an Ethereum-compatible JSON-RPC interface to facilitate interaction with the EVM using Ethereum development tools. It manages processes like handling method calls, parameter encoding and response formatting.
5. **WASM Compatibility -** WebAssembly (WASM) is a well-established and dependable portable binary code format that enables developers to create complex smart contracts with more efficient code execution. **Since developers are already familiar with WASM, developing applications efficiently and testing them for security becomes easier.**
6. **Byzantine Fault Tolerance (BFT) Consensus Algorithm -** E Money Network is a Proof-of-Stake (PoS) blockchain with Byzantine Fault Tolerance (BFT) consensus algorithm. **The use of the BFT consensus algorithm ensures that the network can tolerate validator failures or malicious actors up to a certain threshold, and continue to function with integrity and consistency.**&#x20;
7. **Regulatory Authority Module (RAM) -**  In the E Money Network, ensuring regulatory compliance is of paramount importance. **Therefore, E Money Network has integrated a robust Regulatory Authority Module (RAM) that acts as a secure gatekeeper for user onboarding and ongoing activity monitoring.** Only verified entities can access the functionalities of the E Money Network. Thus, this module plays a crucial role in safeguarding the integrity of the E Money Network system and mitigating potential financial crimes.

Last but not the least, E Money Network undergoes periodic security audits by reputable firms. These audits are conducted  on-chain, potentially enabling continuous monitoring and fostering transparency. Any weak links in the technology are fixed and tested thoroughly before the product or feature is launched for the public. **The most recent audit was conducted by Blaize Security, and E Money Network scored 9.3/10 for its blockchain security. The entire report can be found** [**here**](https://github.com/blaize-security/blaize-security-audits/blob/main/e/emoneynetwork/Emoney-audit-report-%5B7-Jun-2024%5D_compressed.pdf)**. Furthermore, the developers at E Money Network are constantly monitoring new threats and vulnerabilities, and proactively developing solutions to secure the network against them.** All these features make E Money Network one of the most robust and trusted networks in the emerging RWAs sector.

Presently, we are running the E Money Network testnet to battle test its features thoroughly. We invite developers, users and blockchain enthusiasts to engage with our testnet, explore its features and contribute to its ongoing enhancement. Check out this [blog](https://blog.emoney.io/announcements/e-money-network-testnet-goes-live) to find out more about E Money Network testnet.

**We also invite users to download E Money Wallet and explore the world of cryptocurrencies and dApps. Download now by clicking** [**here**](https://chromewebstore.google.com/detail/e-money-network/ndklagefmdogpfkffimjdnbnplllndic?hl=en\&authuser=0)**.  If you are a developer with a great idea for an RWA dApp and interested in building on the E Money Network, then you can apply to our grant program** [**here**](https://form.typeform.com/to/c3qyhAq3)**.**


# E Money Network is Unlocking Unparalleled Growth of Stablecoins in the Solana Ecosystem. Here’s How?

It goes without saying that Solana is among the crypto industry’s most valuable blockchain networks. Known for its scalability, efficiency and cost-effectiveness, Solana, at present, is the second largest blockchain network in the world, with a Total Value Locked (TVL) of over [$11 billion.](https://www.coingecko.com/en/chains/solana) The network recently witnessed a significant surge in stablecoin activity, [jumping by more than 73%](https://cointelegraph.com/news/solana-stablecoin-supply-up-trump-launch) since mid-January. This growth underlines Solana's increasing role in the decentralized finance (DeFi) ecosystem.

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfKxpAKw-McOPL3VrbMMcTb8JW_g6pOuHtetmHNXqkkBmI2mTIeA6Fv16MyKvwTyaN6E6dkGGsLLHYj3cMSVzSXmd2-Mwxi02dwucBigULeojkSZ0puCedw2bUGzG_u2te4haQ5Bg?key=Ko7jtsER4cEn4Fjp1zLwun2Q" alt=""><figcaption></figcaption></figure>

Image: Solana Stablecoins Market ( in volume)&#x20;

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcoz_WeR9b9--VhllQwkF-ZSwa2xBSEhLt-6UyMIxC7UPdUMTZpEa5Zcluq5qe2NprLoSpZDo6_ESsnk9Ll73w8mWW3TPEMoBK14NvWrxVh0LgZjnaTogZknpaXqtyi_-Lhsp0ndg?key=Ko7jtsER4cEn4Fjp1zLwun2Q" alt=""><figcaption></figcaption></figure>

Image : Solana Stablecoins Market ( USDC dominance)&#x20;

Not only is Solana a valuable contributor to the crypto ecosystem, but it is also carving out a niche in the mainstream economy, as evidenced by its recent strategic partnerships. PayPal has integrated its stablecoin, [PYUSD, onto the Solana network](https://newsroom.paypal-corp.com/2024-05-29-PayPal-USD-Stablecoin-Now-Available-on-Solana-Blockchain,-Providing-Faster,-Cheaper-Transactions-for-Consumers) for enhancing transaction speed and cost-efficiency. Payments giant [Stripe has reinstated support for USDC transactions](https://coinmarketcap.com/academy/article/stripe-enables-merchants-to-accept-usdc-payments-on-ethereum-solana-and-polygon), selecting Solana as one of the networks for onchain transaction settlement. Additionally, [Stripe's acquisition of the stablecoin platform Bridge](https://blockworks.co/news/lightspeed-newsletter-bridge-solana-vc) for $1.1 billion highlights the increasing interest in stablecoin applications. This spells growth for the Solana ecosystem as well, due to its robust reputation in the stablecoins market.

### E Money Network’s Role in Expanding Solana’s Stablecoin Capabilities

E Money Network, the world’s pioneering MiCA-compliant BankFi blockchain network, has partnered with Solana to enable compliance capabilities for the network and further bolster its stablecoin growth.

E Money Network’s gamechanging E Money Card is a one-of-a-kind credit card that empowers users to spend their crypto-like cash across the globe. This card enables users to seamlessly convert their crypto into fiat for everyday transactions. By integrating with Solana's high-performance blockchain, the E Money Card offers users efficient and cost-effective payment solutions. For Solana, this integration translates into enhanced utility and greater transaction volume of stablecoins within the network.

When users start spending their Solana stablecoins with their E Money Card, it will boost liquidity, stimulate transaction activity, and further cement Solana’s position as a leader in the blockchain and larger fintech ecosystem, while simultaneously expanding the real-world use cases of stablecoins.

### Making Solana Compliant with E Money Network’s Regulated Infrastructure

Beyond payment solutions, E Money Network is committed to enabling compliance within the Solana ecosystem. Real-World Asset (RWA) applications require foundational proofs, including identity verification, compliance adherence, and ownership validation. E Money Network addresses these needs by offering a compliant foundation with integrated identity, ownership, custody and compliant proofs for RWA applications. E Money Network’s robust BankFi infrastructure allows RWA applications to seamlessly connect to the ecosystem without expending additional resources on compliance solutions.

The E Money wallet features an integrated Know Your Customer (KYC) check and Know Your Business (KYB) module. This means that users accessing the Solana ecosystem through E Money Wallet will undergo mandatory KYC checks, effectively eliminating bots and enabling the tracking of malicious actors. dApps in the Solana ecosystem leveraging the E Money Wallet will also be mandated to fulfill KYB procedures, ensuring adherence to local jurisdictional laws.

### Seamless Fiat On-Off Ramping for Solana Users

One of E Money Wallet’s most distinguishing features is how effortless it makes the on-ramping and off-ramping process, a common challenge in the crypto space. Equipped with International Bank Account Number (IBAN) integration, it enables users to directly swap cryptocurrencies for fiat, within the wallet. The fiat is stored on-chain in the user's account and can be utilized outside the E Money Network ecosystem. This seamless integration will allow Solana users to manage and use both fiat and crypto assets directly from a single interface, eliminating the need to exit the ecosystem for fiat on/off ramping and transactions.

In conclusion, as stablecoin volumes on Solana continue to rise, E Money Network is strategically positioned to lead this growth. The integration of E Money Card and Wallet within the Solana ecosystem will help enhance the utility and compliance of stablecoins within the ecosystem, and drive broader adoption and growth of the Solana ecosystem.


# EMYC to Scallop Equity Conversion Frequently Asked Questions

This document answers the most frequently asked questions regarding the proposed EMYC to Scallop equity conversion.

Following a joint strategic decision by the Boards and Management Teams of E Money Network and Scallop, eligible EMYC holders will be offered the opportunity to convert the value of their eligible EMYC holdings into Scallop equity upon completion of Scallop’s ongoing equity fundraising.

Participation in the conversion process is entirely voluntary. Holders who choose not to participate may continue to sell or transfer their EMYC throughout the 45-day conversion period. Following completion of the conversion process and the delisting of EMYC from supported exchanges, the EMYC smart contract will be permanently frozen and E Money Network will begin an orderly wind-down of its operations.

The questions below explain why this decision has been made, how the conversion process will work and what eligible holders can expect throughout the transition.

This FAQ is provided for information purposes only and does not constitute financial, investment, legal or tax advice. Participation may be subject to jurisdictional restrictions.\
Holders should seek independent professional advice before making any decision.

<br>

### The Transition, Why & What

**1. Why is E Money Network transitioning EMYC holders into Scallop equity?**

Over the past few years, liquidity and market activity across the digital-asset industry have become increasingly concentrated around a smaller number of established ecosystems, while running and continuously developing an independent blockchain has become far more resource-intensive from a technical, operational, financial and regulatory perspective. After an extensive strategic review of all available options, the Boards and Management Teams of E Money Network and Scallop jointly concluded that offering eligible holders a route into Scallop equity is the strongest long-term path forward. The transition was agreed by both organisations and can only proceed with the participation of both.

**2. What is being offered to EMYC holders?**

Eligible holders will have the opportunity to convert the value of their eligible EMYC holdings into Scallop equity, allowing them to participate in Scallop’s long-term growth through equity ownership.

Under the proposed conversion structure, each eligible EMYC token will convert into 1.5 Scallop sub-class shares (B-ordinany or similar) rather than a 1:1 conversion.

The additional 0.5 sub-class shares for each eligible EMYC token have been approved by the Boards and Management Teams in recognition of the support shown by the EMYC community throughout the development of the E Money Network ecosystem.

Further details regarding the final conversion structure and eligibility requirements will be announced before the conversion process begins.

**3. Is participation mandatory and what happens if I do nothing?**

Participation is entirely voluntary.

Following the publication of this announcement, a 45-day conversion period will begin.\
During this period, the average EMYC market price will be established for the purpose of calculating the final conversion ratio.

Following the delisting of EMYC from KuCoin and Gate.io, the EMYC smart contract will be permanently frozen. Freezing the smart contract ensures that the token supply and market value can no longer change, allowing the final conversion ratio to be calculated using the established 45-day average market price.

Holders who choose not to participate will retain ownership of their EMYC. However, once the smart contract has been frozen, EMYC can no longer be transferred or traded. Eligible holders will continue to have the opportunity to convert their eligible EMYC holdings into Scallop equity until the conversion process has been completed.

\ <br>

### Timing, Trading & Process

**4. How long is the conversion period, and can I still sell my EMYC?**

Following the publication of this announcement, a 45-day conversion period will begin. During this period, the average EMYC market price will be established for the purpose of calculating the final conversion ratio. Throughout this period, and until EMYC is delisted from KuCoin and Gate.io, holders may continue to trade, sell or swap their EMYC through supported centralized exchanges (CEXs), decentralized exchanges (DEXs), the E Money Network Wallet and the Scallop App, where available.\
Following the delisting from both exchanges, the EMYC smart contract will be permanently frozen, as described in Question 3.

The opportunity to convert eligible EMYC holdings into Scallop equity will remain available after the 45-day period and following the smart contract freeze. The final deadline for completing the conversion will be announced separately before the conversion process concludes.\
\
**5. What happens to my staked EMYC or SCLP tokens?**

If your EMYC or SCLP tokens are currently staked, or if you have unclaimed staking rewards, there is no need to take any action at this time.

Over the coming days, we will publish a separate announcement explaining how holders will be able to claim their staked tokens and rewards before the original staking period ends. To facilitate this process, the staking contracts will be frozen and a dedicated claiming process will be made available.\
\
Please wait for our upcoming announcement, which will provide full details and step-by-step instructions.\ <br>

**6. How does the conversion process work, and when will the portal open?**

Conversion will be completed through a dedicated online portal. Participants will be required to complete identity verification (KYC) before any equity allocation can be finalised, in line with applicable regulatory requirements. Full details, including the portal provider, step-by-step instructions, any wallet verification or proof-of-ownership requirements (if applicable), and the portal opening date, will be published in a separate announcement before the conversion portal opens.

**7. Which countries are eligible to participate in the conversion process?**

The conversion process will be available to holders from most jurisdictions. However, due to applicable legal and regulatory requirements, participation cannot be offered to residents of certain restricted jurisdictions.

The current list of restricted jurisdictions includes:

\* Afghanistan

\* Albania

\* Belarus

\* Bosnia and Herzegovina

\* Burundi

\* Central African Republic

\* Cuba

\* Democratic Republic of the Congo (Kinshasa)

\* Republic of the Congo (Brazzaville)

\* Ethiopia

\* Guinea

\* Guinea-Bissau

\* Haiti

\* Iran

\* Iraq

\* Kosovo

\* Lebanon

\* Liberia

\* Libya

\* Mali

\* Moldova

\* Montenegro

\* Myanmar

\* Nicaragua

\* Niger

\* North Korea

\* North Macedonia

\* Pakistan

\* Russia

\* Somalia

\* South Sudan

\* Sudan

\* Syria

\* Trinidad and Tobago

\* Tunisia

\* Ukraine

\* Venezuela

\* Western Sahara

\* Yemen

\* Zimbabwe

If you are a resident of one of these jurisdictions, we regret that we are unable to offer you the opportunity to convert your EMYC holdings into Scallop equity. In this case, we recommend selling or transferring your EMYC before the token is delisted and the EMYC smart contract is permanently frozen.

<br>

### Value & Equity Terms

**8. How will the value of my EMYC be calculated, and why use a 45-day average?**

The conversion value is calculated from the average EMYC market price over the full 45-day conversion period (CoinMarketCap as the reference source), combined with Scallop’s final equity valuation. Using a 45-day average smooths out short-term volatility and reduces the influence of price movements in a lower-liquidity market, giving a fairer and more representative valuation for all participants. Daily price swings therefore do not directly affect the calculation.

**9. How is Scallop's equity valuation set, and when will the final conversion ratio be announced?**

Scallop's equity valuation will be established on completion of its current equity fundraising round. The final conversion ratio is expected to be published once that valuation is confirmed, together with the 45-day average EMYC price.

<br>

**10. How will my Scallop equity be held?**\
\
Upon completion of the conversion process, eligible participants will receive Scallop sub-class shares (B-ordinany or similar) through a regulated third-party provider, subject to successful completion of the required KYC process.

Sub-class shares represent a specific class of shares within Scallop's equity structure. Participating holders will retain the economic interest associated with their allocated sub-class shares in accordance with the final terms of the conversion.

The legal shares will be held and administered by the appointed third-party provider on behalf of participating holders in accordance with the final legal structure.

Further details regarding the third-party provider, the rights attached to the sub-class shares and the final legal structure will be announced before the conversion process begins.

<br>

**11. What is the EMYC conversion ratio?**

Eligible EMYC holders will receive 1.5 Scallop sub-class shares for each eligible EMYC token as part of the proposed equity conversion. This represents a 50% additional equity allocation compared to a standard 1:1 conversion.

This conversion ratio includes an additional allocation approved by the Boards and Management Teams as part of the transition from the EMYC utility token to Scallop equity.

\ <br>

### Eligibility, Wind-down & About Scallop

**12. Who is eligible to participate?**\
\
Participation is expected to be available to holders who complete the required KYC process and meet the minimum EMYC holding required for eligibility. Additional eligibility requirements, if applicable, will be announced before the conversion process begins.

<br>

**13. What happens to EMYC and E Money Network after the conversion process?**

Following completion of the conversion process and the delisting of EMYC from supported exchanges, E Money Network will begin an orderly wind-down.&#x20;

The EMYC smart contract will be permanently frozen, the E Money Network blockchain will be shut down, the E Money Network Wallet and card services will be discontinued, and the official communication channels and social-media accounts will be retired.

<br>

**14. What is Scallop building?**

Scallop is building a regulated financial platform that combines multi-currency banking, digital assets, global payments and Banking-as-a-Service infrastructure for individuals, businesses and enterprise partners.

**15. Where can I get support during the conversion?**

Throughout the conversion period, E Money Network will continue to publish announcements and updates regarding the conversion process. Holders are encouraged to review these updates together with this FAQ. If you require additional assistance, please contact the E Money Network Support Team at <support@emoney.io>.

<br>

### Security Notice

Please remain vigilant throughout the conversion process.

As with any significant announcement involving digital assets, malicious actors may attempt to impersonate E Money Network or Scallop in an effort to steal funds or personal information.

For your security:

* Only use the official conversion portal announced through E Money Network’s official communication channels.
* E Money Network and Scallop will never contact you first via direct message (DM) to request participation in the conversion.
* We will never ask for your wallet’s recovery phrase, seed phrase, private keys or passwords.
* Never share your KYC documents with anyone other than the official conversion portal.
* Never send EMYC or any other digital assets to an address provided via social media, direct messages or unofficial websites.
* Always verify that you are using the official website and official communication channels before taking any action.
* If you are ever unsure whether a message or website is legitimate, please contact the E Money Network Support Team at <support@emoney.io> before proceeding.

Your security is our priority. Please stay cautious and only trust information published through E Money Network’s official channel.

<br>


# Scallop -> E Money Network

1. **What is the relationship between E Money Network and Scallop?**

All details regarding the relationship between E Money Network and Scallop can be found in this blog:

<https://blog.emoney.io/faqs/e-money-network-and-scallop-clarifying-structure-roles-and-responsibilities> \*

2. **Why was $SCLP changed to $EMYC Coin?**

The transition from $SCLP to $EMYC coin reflects the rebranding process, wherein the token now operates under E Money Network. Additionally, the token is evolving into a coin, hence the name change.

3. **How do I convert my $SCLP Tokens to $EMYC?**

Updates on the conversion process will be provided soon on our official channels. We appreciate your patience.

4. **What happens to $SCLP Tokens that are locked in staking?**

Upon the staking period's conclusion, users must manually convert their $SCLP tokens to $EMYC. Rewards accrued during staking will be distributed in $EMYC.

5. **What happens to $SCLP Tokens that are on an exchange?**

Further information regarding $SCLP tokens on exchanges will be provided soon. We appreciate your patience.

6. **What is the exchange ratio of $SCLP Token to $EMYC?**

The conversion ratio from $SCLP to $EMYC is 1:1.

7. **What will happen to existing Scallop Products?**&#x20;

Scallop products will currently stay the same, gradually the Scallop products will be integrated into the E Money Ecosystem.

### $EMYC:

1. **Which wallets support the $EMYC Coin?**

All wallets compatible with the BNB network support the BEP20 version of $EMYC Coin. Additionally, centralised exchanges trading $EMYC will also support the native coin.

2. **Can I stake $EMYC?**

Yes, $EMYC coins can be staked as the E Money Network chain operates on a Proof of Stake algorithm.

3. **What is the utility of $EMYC Coin?**

EMYC serves as the native token within the E Money Network, facilitating transactions and operations. Use cases include gas fees, node validation, contract deployment fees, regulated crowdfunding, staking, app discounts, loyalty programs, and peer-to-peer lending. More details here: <https://whitepaper.emoney.network/>&#x20;

4. **Why is there an increase in the supply of $EMYC Coin from the $SCLP token?**&#x20;

The supply of $EMYC Coin is increased to cater to the needs of validators, facilitate airdrops, and support grants.

### E Money Network:

1. **What is E Money Network?**

E Money Network, developed as part of the Scallop ecosystem, is an open-source blockchain framework designed to support EVM-compatible blockchains. With Tendermint and IBC compatibility, it enables inter-blockchain communication and brings decentralised finance (DeFi) capabilities to a single blockchain network.

2. **Can I find E Money Network on GitHub?**

Integration documents and SDKs will be available after collaboration with selected alpha dApps. Following this, an E Money Network integration guide will be accessible on GitHub. You can follow us on our [twitter](https://twitter.com/ScallopOfficial) for our official announcements.

3. **Where can I find more information about the E Money Network?**

Detailed information about the E Money Network chain can be found in our technical documentation : <https://docs.emoney.network/>\ <br>

### \* Corporate Structure and Regulatory Notice

To support the delivery of regulated financial services, the E Money Network operates through a separate legal entity incorporated in Panama, which functions independently from the Scallop Group. The Scallop Group continues to provide regulated financial services, and the E Money Network accesses this regulated infrastructure through a strategic partnership.

\
The EMYC token serves as the primary digital asset within the Scallop application ecosystem, granting holders access to enhanced service tiers and program incentives.


# Step by step guide for $EMYC Conversion portal

This guide will walk you through the process of converting your $SCLP tokens to $EMYC coins using the $EMYC Conversion Portal.&#x20;

Before you begin:

Ensure you have a web3 wallet like MetaMask or Trust Wallet with your $SCLP holdings, installed on your browser.&#x20;

You can also have the $SCLP in E Money Wallet and connect through WalletConnect.

#### Steps:

1. **Visit the EMYC Conversion Portal**&#x20;

Open your browser and go to [dashboard.emoney.io](https://dashboard.emoney.io/)

2. **Connect your Wallet.**&#x20;

Click the "Connect Wallet" button. Choose your preferred wallet (e.g., MetaMask, WalletConnect) and follow the on-screen instructions to connect your wallet to the portal.

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfG64O6OBkBjbCm6ZlLe7SSR1ma_bndIFZi-xl5XeSXkWMwNYvuijfTFuMMpBBDct48WksKQir8Q2hXUIXz59xyVQ0Jafza45G458qIsL7XcKj1e37nsW4zUntf250FqVe_v2hhog?key=djUQ78U_98DlQ3ydxRiOEiSA" alt=""><figcaption></figcaption></figure>

3. **View your SCLP Balance**&#x20;

Once connected, the portal will display your current $SCLP balance on the Binance Smart Chain (BSC). Make sure you have connected to the Binance Smart Chain (BSC). **Click the "Approve" button to ensure that the claiming process takes place smoothly and you don't encounter issues like high gas fees.** A web3 wallet pop-up will appear, prompting you to confirm the transaction. This transaction burns your $SCLP tokens.&#x20;

By default, the approval amount is set to the maximum allowed number of tokens (max unit 256). This eliminates the need for future approvals for subsequent scheduled updates. After this, you’ll have to wait till the scheduled dates and the claim button to become active.

<figure><img src="/files/sPxLvsoTBrqy1U90CMnB" alt=""><figcaption></figcaption></figure>

4. **Review the Vesting Schedule:**

The portal will display a schedule showing the percentage and amount of $EMYC tokens you will receive at each vesting period. This schedule is calculated based on your current $SCLP balance.

Example: If you hold 1000 $SCLP, the schedule might show:

* On TGE (Token Generation Event): 12% (120 $SCLP)
* TGE date + 1 month: 14.67% (146.7 $SCLP)
* TGE date + 2 months: 14.67% (146.7 $SCLP)
* TGE date + 6 months: 14.65% (146.5 $SCLP)

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfWuLlekYDwZyQ_HznqACVe0dreaouP6YXfxG8mzrpGAx39UQU5owRegBRqZouYJJENBfBOa7dnsyEljFpfWaJmv1vEA5vRSJgD_vtuv2BAQJbaXNyXz1luCFcypj8JowwoccTdCw?key=djUQ78U_98DlQ3ydxRiOEiSA" alt=""><figcaption></figcaption></figure>

5. **Claim $EMYC**&#x20;

Select the “Claim” option to claim your $EMYC (in 1:1 ratio of your current $SCLP holdings) and you also have the option to stake them in one of $EMYC’s highest APR staking pools. All the tokens will be staked in the pool of your choice if you click on "Stake"

6. **Add $EMYC to MetaMask**

Open your MetaMask wallet. On the top left corner of the wallet, change the network to Binance Smart Chain.  Click the three vertical dots in front under the "Activity" tab on the right hand side of page and select "Import Tokens".&#x20;

<figure><img src="/files/xT8pID0wnaGXemOjHJEw" alt=""><figcaption></figcaption></figure>

7. Select the "Custom token" tab. In the "Token contact address" tab, **you can enter $EMYC BSC contract address** - **0xe3f53c0d48360de764dDc2a1A82c3e6DB5d4624d** and click on "Next".&#x20;

<figure><img src="/files/v3RV1yrB5ObQF7AZXpDB" alt=""><figcaption></figcaption></figure>

8. You should see $EMYC on your screen. Click on "Import". You have successfully imported EMYC on BSC on your MetaMask wallet and you can now add your EMYC (BSC) on Metamask.

<figure><img src="/files/1WMNozYdTxwrIAaUH3MR" alt=""><figcaption></figcaption></figure>

**Additional Notes:**

1. The conversion process uses a 1:1 exchange rate for converting $SCLP to $EMYC. You can claim your accumulated $EMYC tokens even if you miss a claim schedule. For example, if you log in after the 7th month, you can claim 100% of your remaining tokens.

**Important Information for Hardware Wallet Users**: Hardware wallet users can import their hardware wallet into MetaMask and connect it to the platform.

Connect your hardware wallet to MetaMask.

1\. Link your MetaMask to our platform.

2\. Convert your $SCLP tokens using the portal.

3\. Return on the scheduled date to claim your $EMYC tokens.

For any questions or support, please refer to the $EMYC project documentation or contact the E Money Network Support and Team

\
&#x20;<br>


# E Money Network and Scallop – Clarifying Structure, Roles, and Responsibilities

### Introduction

The purpose of this document is to describe the corporate structure and operational framework under which E Money Network operates in relation to Scallop. It sets out the legal separation of entities, their respective roles, and the contractual basis for collaboration.

This explanation is intended to clarify ownership boundaries, regulatory responsibility, and functional scope, providing a clear reference for partners, users, and stakeholders.

### Background and rationale for the structural realignment

E Money Network operates at the intersection of blockchain technology and regulated financial services. In such an environment, legal clarity and jurisdictional precision are essential. Different regions impose different regulatory requirements on e money products, payment services, digital assets, and financial infrastructure.

To ensure long term compliance, scalability, and regulatory resilience, a strategic corporate realignment was implemented. This restructuring was not driven by branding or internal hierarchy, but by the need to clearly separate regulated activities from blockchain native operations in line with international best practices.

### &#x20;Legal separation and independent entity status

The E Money product and its associated operational activities have been transferred to a distinct legal entity incorporated under the laws and jurisdiction of Panama. This entity operates independently and is not part of the consolidated corporate structure of the Scallop Group.

It is important to state this unambiguously. E Money Network is not a subsidiary of Scallop, nor is it an internal business unit or product line. It is a standalone organization with its own governance framework, strategic direction, and operational accountability.

### &#x20;The role of the Scallop Group as a regulated infrastructure partner

The Scallop Group remains focused on its core mandate as a provider of regulated financial services. This includes licensed payment processing, compliance and risk management frameworks, regulatory interfaces, and access to traditional financial rails.

Through a strategic operational partnership, E Money Network leverages this regulated infrastructure to enable compliant financial transactions for its users. In this context, Scallop does not act as an owner or controlling entity, but as an infrastructure and service provider. This distinction is deliberate and aligns with widely adopted models in the global fintech sector.

### Operational collaboration without corporate consolidation

The relationship between E Money Network and Scallop is best described as a functional partnership rather than a group or holding structure. Each entity has a clearly defined scope of responsibility.

E Money Network focuses on blockchain based systems, tokenization logic, on chain execution, and user facing decentralized financial products. Scallop provides the regulated backbone that allows these products to interface with the traditional financial system in a compliant manner.

This model enables both organizations to operate independently while benefiting from tightly defined integration points, without creating regulatory overlap, ownership ambiguity, or shared liability.

### &#x20;Token utility and the EMYC incentive framework

The EMYC token serves as the primary utility asset within the Scallop application ecosystem. It does not represent equity, ownership, or voting rights in either Scallop or E Money Network.

Instead, EMYC is designed as a functional and incentive based asset. Token holders may access preferential benefits, enhanced service tiers, fee reductions, and other programmatic advantages linked to platform usage. The token’s role is therefore economic and operational in nature, rather than corporate or governance related.

### &#x20;Conclusion

E Money Network is an independent legal entity operating outside the Scallop Group. \
Scallop is a regulated infrastructure partner that enables compliant financial services through a clearly defined operational relationship.

This separation provides transparency, regulatory clarity, and international scalability, while allowing both organizations to focus on their respective strengths. The result is a structured and sustainable ecosystem that bridges blockchain innovation with regulated financial services, without compromising legal integrity or operational independence.

<br>

### <br>


# How to Bridge your $EMYC from BSC to E Money Network

\
For bridging $EMYC, go to this dashboard link <https://dashboard.emoney.io/bridge>&#x20;

You can bridge your $EMYC from BSC to E Money Network and vice versa from Day 1. This feature allows users to have greater flexibility regarding the usage of their $EMYC holdings.

***Note*** \&#xA;*&#x20;1) To add E Money Network to MetaMask or any other Web3 wallet, kindly follow this* [*guide.*](https://docs.emoney.network/add-e-money-network-to-metamask)

*2) To deposit and withdraw your $EMYC on E Money Network to and from Metamask, you will need to have active E Money wallet account and whitelist your Metamask 0x address to send and receive funds.*

*To whitelist your 0x address on Metamask, you can follow this*[ *guide*](https://docs.emoney.network/e-money-network-whitelist)

**Here is the process:** \
1\. Go on the bridging portal and click on “Connect Wallet” Use a web3 wallet such as Metamask, Trust wallet, etc. to connect.

<figure><img src="/files/pOUrX5ivc7G3zhIrfUlK" alt=""><figcaption></figcaption></figure>

2. Once you have connected the wallet, you can enter the amount of $EMYC you would like to bridge from BSC to the E Money Network chain.

Enter the amount of $EMYC you wish to bridge from BSC to EMN. Verify all the details. To complete the bridging process, click on “Bridge Amount”.  This will initiate the bridging and once the process is completed, your $EMYC will be bridged to the EMN chain.

<figure><img src="/files/rQoZXfhV3UAf0zKXAFhs" alt=""><figcaption></figcaption></figure>

3. You need to follow a similar process for bridging your $EMYC from E Money Network to BSC. Select “Binance Smart Chain” in the “From” section and E Money Network in the “To” section.&#x20;

   Enter the amount of $EMYC you want to bridge from EMN to BSC. Verify all details and click on “Bridge Amount”. This will initiate the bridging and once the process is completed, your $EMYC will be bridged to the BSC chain.&#x20;

<figure><img src="/files/KCtWsK75EAH2IQO5J65y" alt=""><figcaption></figcaption></figure>

\ <br>


# Step-by-step guide for $EMYC Staking Portal

You can now stake your $EMYC tokens on the $EMYC staking portal in just a few easy steps to earn an attractive APR. Follow these steps to stake your $EMYC and let them earn for you &#x20;

1. Go to [dashboard.emoney.io](http://dashboard.emoney.io) and select $EMYC Staking or go directly to [staking.emoney.io](http://staking.emoney.io).

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcZx-VCFpIaOKy9No3ADaAIz_G8wQyank3W8RUKrvnmqYAuaaStlqM7wLJsKA3zRG_nnwB_kkvc0QorG0SM-EsYNtk8U_JTK3Lba7cOVxLWm5Tfh-DQmMNwSJpab1apDz6eh-U5bA?key=fCxHJmHJ8z4eAyYG5ENj-EJf" alt=""><figcaption></figcaption></figure>

2. Click the “Connect Wallet” button. A list of supported Web3 wallets will appear on the screen. Select the wallet in  which you hold your $EMYC tokens from the list to connect it to the portal.&#x20;

Note - To add E Money Network to Metamask or any other Web3 wallet, follow the steps given in this [guide](https://docs.emoney.network/add-e-money-network-to-metamask).&#x20;

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeeVV6wJTBKLzkKl6q3g5CvAbxLyO3XrgP4LAAh-rZBrnNLgJ7jl8MksNjvqX0RR1Jjj17bo_DtdRWXxY_Tz5-SFKvDD_WR2EViui36ZAf-84WVuu-22w6mfNnAD_CWsoW8ymU2dQ?key=fCxHJmHJ8z4eAyYG5ENj-EJf" alt=""><figcaption></figcaption></figure>

3. Once the wallet is connected to the portal, click on “Create Lock”.&#x20;

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcSL85gJJ6-BoNhAvtKDf-iLfKaAJipy363V3V75SpMk4KojSJ6gg1MdNV9RVSKoCuda7fklJs97bBJVjPgkC2fg0Ilh4HKJJyPggFEH2lxFuw57WQ7F9ezGCTuxtZ6lpVG6N7ELQ?key=fCxHJmHJ8z4eAyYG5ENj-EJf" alt=""><figcaption></figcaption></figure>

4. After creating a lock for your $EMYC staking, enter the number of tokens you wish to stake on the staking form.&#x20;

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfCp9Mwd_J8nz1mlwv_19id-W5RZpPIwkEboEEaLDuzXhTgyxH7WLWpehPsRLNPT7iF0bXVvsW460CVg782tarnNYpN5oJ6sTPf463-tCKPWK4tJMb9bvmjbm8UWjg_cfOTESxh?key=fCxHJmHJ8z4eAyYG5ENj-EJf" alt=""><figcaption></figcaption></figure>

5. Now, choose the duration for which you want to stake your $EMYC by sliding the bar on “Lock Duration”. The APR on your stake will keep changing as you keep sliding the bar. The longer you stake your tokens for, the higher the APR on your stake. You will also be able to see the exact date till which your tokens will be locked in the staking pool.&#x20;

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeRFaPB1Tud8744FggkbuD0kUyzHuR8NwAuKI8rTiOZf3L9P-WAyfh-8O0g5JCwlPag3UFVdy-1lRePN3SCzQKLKawSnFLie8vn1Vn6hXH-c2VO2ZWcHpY2YetyZ7WzYcteCSKs?key=fCxHJmHJ8z4eAyYG5ENj-EJf" alt=""><figcaption></figcaption></figure>

6. Recheck all the details of your stake, and click on “Approve”.&#x20;

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeD-2vxx1iX_3QUe02axvHdmwnXknCHsr4k75UomqmDst514ey1eVIInOAmFpgA03lLcVIATHzOrRZBVeymEJrMd26UV-rqsZ70UFhySA_82RG_9RWTKokTUVSwlfBLcQ7SBbKjbQ?key=fCxHJmHJ8z4eAyYG5ENj-EJf" alt=""><figcaption></figcaption></figure>

7. Recheck the details of your stake, and then click on “Stake”.&#x20;

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe8S06vzpcKDG1vSjtRRQhGnnWSZcnyXSMv8C_td2tJGXGT2Q60Hju5fHHditJa9jfEaqJnusih8YrPsQFx4JSfNzu86hvryhqrtQQiyiFtjuB4HpbHRhXdbEfX3AKACZS0zF1F?key=fCxHJmHJ8z4eAyYG5ENj-EJf" alt=""><figcaption></figcaption></figure>

8. Once the staking process is complete, you will see a success message on the screen highlighting the details of your staked $EMYC.&#x20;

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXc6Iq7gk1f8ri6qH8FvedXl4vRasKv8NQTPh_zNoK6XtW6Fd8gTCEqtQsldDOKS73P7hovGVpwfwScqpLtI961pJP8KPK1mHQy4SHP_k1p4CIybwHLOxx1mBPS_v8spKVjGS33H-g?key=fCxHJmHJ8z4eAyYG5ENj-EJf" alt=""><figcaption></figcaption></figure>

9. If you would like to view the details of your staked $EMYC, you simply have to click the “Manage” button on the portal.&#x20;

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdbPtGo0StGNwiJ1P59Ff61lSubamUfOjYFgR83HGs1jFaJoUeLOrMgfT092ctIN3619ew6AqVFHB4jlG9kiCOBUiITlt-td4yPuPv0ClpvCA5k4KRT1Q0sIgv-bB4XLvv7uFjItg?key=fCxHJmHJ8z4eAyYG5ENj-EJf" alt=""><figcaption></figcaption></figure>

10. You can also lock more $EMYC in the staking pool by clicking on the “Lock More” tab on the portal. Enter the number of $EMYC tokens you wish to add to your stake and click on “Lock More”.&#x20;

    <figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfyiEQuHMGUWSy-risI_3HpQkuOxuxQSTqNO0Gtw4T5NAN6NKCVBMj9zJstOnSJenxvz-fAxjIW-5yHcbaMKPsreB8vLG66kqHVj11VAjjNBzh3wPP7MhYYhHwlHnV2Ie9wQVo-fg?key=fCxHJmHJ8z4eAyYG5ENj-EJf" alt=""><figcaption></figcaption></figure>
11. If you wish to extend the duration of your stake, you can do so by clicking on the “Extend” tab on the portal. By sliding the bar on “Lock Duration”, you can choose for how much more time you wish to stake your $EMYC. Kindly note that increasing the lock duration will also increase the APR on your stake.&#x20;

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXf6oQ9hPUQDygnP5GW9hstZLlh2P9XrAu6kE6-KzwPJlpBR7iM-QlVBW27CJe3iFnCbfwES0be12tMd-u05-Di89SG5m-_9uLeKechWFtn4FCel2wNl6Kb4ZiDb8CPRVwH0TmUJGA?key=fCxHJmHJ8z4eAyYG5ENj-EJf" alt=""><figcaption></figcaption></figure>

<br>


# How Investors can claim $EMYC tokens

#### Following are the steps for investors for claiming their $EMYC tokens.&#x20;

1. Go to: [https://dashboard.emoney.io/](https://convert.emoney.io/) .&#x20;
2. Select **“INVESTOR CLAIM”** from the tab on the left, as mentioned in the image below.

<figure><img src="/files/PTYI4tJ8pSxhaAVCrpKV" alt=""><figcaption></figcaption></figure>

3. Connect your Web3 wallet to the portal using the ‘Connect Wallet’ on the page. Make sure that you are connected to the right network, Binance Smart Chain (BSC).
4. After successfully connecting your wallet, you will see this screen below
5. Verified wallet addresses will be shown the amount of $EMYC tokens available to them.

<figure><img src="/files/GKleRQ0S0vUBjCSVMiJL" alt=""><figcaption></figcaption></figure>

6. Click on “CLAIM” button and you will be able to claim $EMYC tokens allotted to you

<figure><img src="/files/0UYPdBKebx4jLsx9GtTn" alt=""><figcaption></figcaption></figure>

6. Congratulations, you have successfully claimed your $EMYC tokens.

### FAQs

1. Do I need to pay gas fees?

Yes, interacting with the smart contract and claiming your tokens will require gas fees. Fees on Binance Smart Chain (BSC) are usually <$1.&#x20;

2. My wallet address couldn’t be found. What happens now?

Unfortunately, this means that we do not have your wallet address in our database and it is not linked to any investor. Therefore, you are unable to claim EMYC tokens from the site.&#x20;

3. Please reach out to us at <thomas.s@scallopx.com> for any queries.


# $2 Million RWA Grant Program

1. **Is there any deadline to fill out the application form?**

Closed!

2. **How does the application process work?**

If you are a developer, you can submit your application form [here](https://form.typeform.com/to/c3qyhAq3) and join our grant channel on our [Discord](https://discord.com/invite/emoneynetwork) server. In the form, we will need information about your project, team, technical overview, mission, etc. Once submitted, our selection committee will internally review your application. If you are shortlisted, our team will invite you for an interview as the next step.

3. **I am a developer and I filled out the previous grant application form by E Money Network (**[**https://form.typeform.com/to/M0Wq09qI**](https://form.typeform.com/to/M0Wq09qI)**). Am I eligible to apply for this grant?**

Yes, you are eligible.

4. **What is the grant amount if I get selected?**

The grant amount ranges from $5,000 to $50,000 and more, depending on the requirements and scale of the project.

5. **What kinds of projects can apply for a grant?**

E Money Network invites developer teams with disruptive RWA-centric ideas to build on the E Money Network and bring innovative solutions to life. Applicants can submit Requests for Proposals (RFPs) detailing their ideas for RWA applications .

6. **Are there any specific criteria that the selection committee will use to evaluate the grant application?**

The selection committee will evaluate grant applications based on several key criteria: the project's objectives and scope, its anticipated impact, defined milestones and key performance indicators (KPIs), the proposed budget, comprehensive team details including roles, responsibilities, and each member's previous experience, as well as the product roadmap. These factors collectively form the assessment criteria for grant applications.

7. **Can a single developer apply for multiple grants for different projects?**

Yes

8. **What are the reporting requirements if my project is awarded a grant?**

We will connect with you regarding next steps once the grant is approved.

9. **Is there any support provided to grant recipients during the project development phase?**

Yes, we will try to provide support on all the fronts including ideation, tech, legal and compliance requirements, and market evaluation. We will help you in finding answers to all your questions in the project development phase.

10. **What happens if a grant recipient fails to meet the project milestones or deliverables?**

The grant amount will be distributed in stages, contingent on the milestones achieved. In case a project fails to meet its milestones or deliverables, then the subsequent grant installment will be kept on hold. However, we will help you overcome the obstacles to achieving the set milestones. Once the milestones/deliverables are met, the grant amount will be distributed.

11. **Can grants be used for any type of expense, or are there specific eligible expenses?**

You can mention all the relevant expenses in the proposal. If there are any miscellaneous expenses, we will ask for clarification post approval of the grant.

12. **Are collaborative projects between multiple developers or teams eligible for the grant?**

Yes

13. **Are there any geographical restrictions for applicants?**

No, we welcome projects from all the corners of the globe to join this grant program and #BUIDLonEMN.

14. **What kind of post-grant support or opportunities does E Money Network offer to successful projects?**

E Money Network offers extensive post-grant support and opportunities to successful projects. Grant recipients will receive assistance in ensuring liquidity, infrastructure requirements, and legal compliance. Additionally, support will be provided in marketing, user acquisition, go-to-market strategies, and any other areas where E Money Network can contribute to the project's success.

15. **Is there an opportunity to extend the grant period or apply for additional funding after the initial grant is used?**

Yes, based on the project's use cases and scale, the need for additional funding will be reviewed.

16. **Will the projects be featured or promoted by E Money Network once they are completed?**

Yes, successful projects will be featured and promoted on E Money Network’s social and community channels.&#x20;


# Grant Program

### (Closed!) Why does E Money Network have a grant program?

The E Money Network grant program aims to accelerate the development of innovative applications that leverage blockchain technology for real-world assets (RWAs). We are open to offering direct support ( in terms of monetary grants, consultation) to talented developers around the world who can build applications on E Money Network.&#x20;

~~For discussion related to the grant program you can join our discord~~ [~~https://discord.gg/emoneynetwork~~](https://discord.gg/emoneynetwork)

### How does the application process work?

If you are a developer, you can submit your application form [~~https://form.typeform.com/to/M0Wq09qI~~](https://form.typeform.com/to/M0Wq09qI) and join our grant channel from our [discord](https://discord.gg/emoneynetwork) channel. In the form, we will need your information about your project, team, technical and mission overview, etc.&#x20;

Once submitted, our selection committee will internally review your application and if you are shortlisted, our team will invite you for an interview as a next step.&#x20;

### What are the specific categories of the projects that will get funded?

E Money Network aims to support the following categories of projects (but not limited to )&#x20;

* RWA Tokenisation platforms
* DeFi for RWAs
* RWA Marketplaces
* RWA Tracking and Management Tools
* Novel RWA-centric decentralised applications&#x20;

### What kind of developer (developmental team) experience, for projects, are you looking for?&#x20;

We are interested in offering grants to developers with a strong technical background in blockchain technologies ( eg: Ethereum, Cosmos, Solana, etc.) &#x20;

### As a developer, what are the benefits of joining E Money Network's grant program?

In addition to grants that will help develop your project on E Money Network, you will get mentorship and guidance from our core developers and selection committee. &#x20;

Our team will provide you with E Money Network's technical resources and infrastructure to build your application. Also, you can leverage our community strength for product feedback and promotions after the product launch.&#x20;

### What is your selection criteria for the grant program?

We can't disclose the exact criteria for the grant program for the fair selection process. However, our criteria will be based on multiple factors, including project potential, team experience, developmental feasibility, etc. &#x20;

### What is the grant amount if I get selected?

The grant amount will be decided during the interview stage with our selection committee, and the final grant amount will depend on the project scope and potential impact. Each project's grant amount will be decided based on the requirement for the project's team developmental plan and budget.&#x20;


# Testnet

**Download here:** <https://chromewebstore.google.com/detail/ndklagefmdogpfkffimjdnbnplllndic?hl=en&authuser=0>

* **Can I use other web3 wallets (like Metamask) apart from E Money Wallet for testnet?**\
  Yes, you can use other web3 wallets. But we recommend using E Money Wallet for the testnet, as other web3 wallets might be incompatible with all the E Money Network testnet features.<br>
* **Is Email verification process necessary?**\
  Email verification process is only applicable during the wallet creation process. The user has to verify the email twice - first for email verification, and later for Sumsub KYC during the wallet creation process.  <br>
* **Do I have to whitelist addresses before I send and receive tokens?**\
  Whitelisting process is applicable only if you are transferring tokens (EMYC, etc.) from any wallet other than the E Money wallet. If you are sending EMYC from your E Money Wallet to your friend’s E Money Wallet, then they don’t need to whitelist their address, as both of you are already using E Money Wallet. However, if you want to send EMYC from a web3 wallet (not a E Money Wallet) like Metamask, then you will need to whitelist your web3 wallet address using the E Money Network whitelist system [here](https://whitelist.emoney.network/login).  <br>
* **What dApps will be live on the testnet?**\
  We will be launching multiple dApps during the entirety of the testnet period. Stay Tuned and follow us on [Twitter](https://twitter.com/emoney_network) for official updates.<br>
* **Can users access the testnet from mobile devices?**\
  No, the testnet is accessible only from desktop or laptop devices, and the wallet is only compatible with the Chrome browser for now.<br>
* **Do I have to hold $SCLP tokens to participate in testnet?**\
  No, there is no requirement to hold $SCLP tokens. However, we do recommend holding $SCLP on a decentralised wallet to be eligible for future $EMYC airdrop. More details on the running reward program [here](https://blog.emoney.io/announcements/introducing-dual-rewards-program-stake-and-hodl).  <br>
* **I am a developer, where can I refer for developer docs?**\
  You can check out more details at [docs.emoney.network](https://docs.emoney.network/)<br>
* **Do I need to sign in from a Google Account to install the E Money Wallet Chrome extension?**\
  Please ensure you are signed in from our personal Gmail account when downloading E Money Wallet from the Google Chrome extension. If you are not signed in from any Google account or signed from a private Google company, you might not be able to access the extension.

More details: <https://blog.emoney.io/announcements/e-money-network-testnet-goes-live>


# $SCLP Community Airdrop

#### General Information

**Q: What is the $SCLP Airdrop?**&#x20;

A: The $SCLP Airdrop is our biggest community airdrop to date, where we are distributing a total of 1 million $SCLP tokens to reward our loyal community members for their continued support.

**Q: Why is the airdrop being conducted?**&#x20;

A: This airdrop is our way of giving back to the community, acknowledging your support, and ensuring you continue to benefit as we move forward with exciting new developments.

#### Eligibility and Participation

**Q: How can I become eligible for the airdrop?**&#x20;

A: To be eligible for the airdrop, you must hold your $SCLP tokens in a decentralized wallet like MetaMask or similar wallets during the snapshots. Tokens held on centralized exchanges will not be eligible. Stakers staking $SCLP are also eligible for the airdrop.&#x20;

**Q: When are the snapshots taking place?**&#x20;

A: The first snapshot will be on 3rd June. There will be periodic snapshots throughout the following month, which will be announced soon.

**Q: Do I need to hold my $SCLP tokens through all snapshots?**&#x20;

A: Yes, the more snapshots you hold your $SCLP tokens through, the greater your allocation in the airdrop. This rewards long-term holders and encourages continued support.

#### Technical Details

**Q: Which wallets are supported for the airdrop?**&#x20;

A: Any decentralized wallet that supports $SCLP tokens, such as MetaMask, Trust Wallet, and other similar wallets, is eligible for the airdrop.

**Q: How will the airdrop be distributed?**&#x20;

A: The airdrop will be distributed in different proportions based on the snapshots. More details will be provided closer to the distribution dates.

**Q: Will there be a lock-up period for the airdropped tokens?**&#x20;

A: There are no specific lock-up periods for the airdropped tokens, but we encourage holders to continue supporting the community by holding and staking their tokens.

#### Additional Information

**Q: Where can I find more information about the airdrop?**&#x20;

A: More information can be found in our special "Airdrop-FAQs" channel on Discord, as well as on our official social media channels and website.

**Q: What if I have more questions about the airdrop?**&#x20;

A: You can join our Discord and Telegram groups where we will be holding regular Q\&A sessions and live calls to address any questions you may have.

**Q: What are the next steps after the airdrop?**&#x20;

A: Stay tuned for our biggest announcement yet, which will mark a significant milestone for $SCLP and its community. Your continued support and participation are vital to our upcoming endeavors.

**Stay Connected**

For the latest updates and information, follow us on:

* **Discord:**  [**Join our Discord**](https://discord.com/invite/emoneynetwork)&#x20;
* **Telegram:** [**Join our Telegram**](https://t.me/Emoney_io)
* **Twitter:** [**Follow us on Twitter**](https://x.com/emoney_network) &#x20;
* **Website:** [**Visit our Website**](https://emoney.io/)&#x20;

We deeply appreciate your trust and loyalty. Let’s continue to grow and succeed together!

With gratitude,

The $SCLP Team


# ETH Staking FAQs

1. **What all staking options are available?**

Currently, you can only stake ETH on EMN Wallet. We are working on integrating staking functionality for other cryptocurrencies and stables as we move forward.<br>

2. **What is ETH Staking?**

ETH staking allows you to earn rewards by contributing your Ethereum (ETH) to the security and operations of the Ethereum network. When you stake your ETH with E Money Network, your ETH helps validate transactions and secure the network. In return, you earn rewards in the form of additional ETH.<br>

3. **What are the benefits of staking ETH with E Money Network?**

* Effortless Staking: No minimum ETH requirement.&#x20;
* Earn High Yields: Enjoy competitive yields (high APR) on your staked ETH.
* Enhanced Security: Leverage our secure infrastructure for peace of mind.
* Flexibility: Maintain control of your staked ETH while earning rewards.

4. **How do I stake ETH with E Money Network?**

* Download the E Money Network Wallet Extension from [here](https://chromewebstore.google.com/detail/e-money-network/ndklagefmdogpfkffimjdnbnplllndic?hl).
* Navigate to the staking section on Ethereum Network (ETH).
* Select the amount of ETH you wish to stake.
* Confirm the transaction and start earning rewards!<br>

5. **How long does it take to start earning rewards after staking?**

Rewards are typically distributed on an ongoing basis, and it may take a few days to see them reflected in your account after you begin staking.<br>

6. **Can I unstake my ETH?**

Yes, you can unstake your ETH at any time. However, there may be a waiting period before you can withdraw your unstaked ETH back to your wallet. This waiting period depends on the Ethereum network and the validators, and is typically around 24 hours. There is no separate lock-up period introduced by E Money Network.<br>

7. **How do I unstake my ETH?**

* Navigate to the staking section within the E Money Network Wallet.
* Select the amount of ETH you wish to unstake.
* Confirm the transaction and initiate the unstaking process.<br>

8. **How do I claim my unstaked ETH after the waiting period?**

Once the waiting period is over, your unstaked ETH will be available for withdrawal back into your wallet.

* Navigate to the staking section within the E Money Network Wallet.&#x20;
* Select the "Withdraw" option for your unstaked ETH.
* Confirm the transaction and your ETH will be transferred back to your wallet.<br>

9. **Are there any fees associated with staking ETH?**

E Money Network charges minimal fees for staking services. These fees typically cover network transaction costs and platform maintenance. The exact fees will be displayed before you confirm your staking transaction.<br>

10. **After unstaking, I am getting less ETH as compared to the reward calculator. Why?**

Once you have unstaked your ETH, you will get your principal ETH + ETH reward based on estimated time you have staked. However, once you unstake your ETH, a minor fraction of ETH gets subtracted as a commission from total ETH. This commission is deducted by the validator for providing staking service. E Money Network doesn’t take any commission in the entire process of staking and unstaking.<br>

11. **Is staking ETH safe?**

E Money Network prioritizes the security of your assets. We utilize secure infrastructure and the industry’s best practices to safeguard your staked ETH. However, it's important to remember that all cryptocurrency investments carry an inherent level of risk.

Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please consult with a financial professional before making any investment decisions.

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# How to Order E Money card from E Money Wallet Guide

1. Download E Money Wallet from the chrome store [here](https://t.co/cksIs29n6e). Open your E Money Wallet and go to the eMoney section on the wallet.&#x20;

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXeymjW-639rGPUgc5MicmPLXI903-nb5u7zE1EeboaE2gh7I4BvS-7y2rL6yoYStE6RASCwBL5hpTLr3WZxb3jCCw_9S6b0HXCXmBfm4hAlufObgW8ZUc-bmCnhHR01v_gaJAyn?key=TYDX69pkQsMnKQ7h0SgrZzYg)

2. Select “Ethereum” or “BNB Smart Chain” for this step. Make a one time payment of 99 USD in either USDT or USDC on the wallet. Apply coupon code if you have one.&#x20;

*Note - You need to have more than 99 USD in USDT or USDC on Ethereum or BNB Smart Chain, and you will also need gas fees to execute the transaction. If your USDT or USDC is on BNB Smart Chain, then you need BNB for gas fees, and it is on Ethereum, then you need ETH to pay for the transaction.*&#x20;

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXfyHGKv7OUEJbcEE9XuzCYpDYRQ_4cAFuWonDRvQ8vBQsv1M3pO5NdhCCaqYa1qdJyiJ8iXXjonLtZLVHONw7n8U-PZutO2ghq1myAC-dVt9H2jmiQRqv5ZmQoG1qgV_YXUXJCXnA?key=TYDX69pkQsMnKQ7h0SgrZzYg)

3\) Read the summary and Click on Pay Now to process the payment.

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXf4rNhwhuUJXUTIecxFovN9IZrw2jLVjp7FulG16AHTq-N1bXvYkD746bbcZqHhAhVYNMnCozfzKdiV0RHePCUHIhl9hDe1bPoKjUe72h8ur-Hyk56yx2BjjyhxouGZ2EnceWVW?key=TYDX69pkQsMnKQ7h0SgrZzYg)

4\) Check payment details and click on “Confirm”.

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXev7FssaXVB9YhXhYZHlE5YQ2uTHh1VUKHp10OAJ5LcXcrUgWoJJYKdjqVwI6yxBRvI7XIr25zWeqWf_XapsIdBiT3euZue_slGSPb3luycsURWBWT_ygjQOHxFpGRnovuI6BQJ2A?key=TYDX69pkQsMnKQ7h0SgrZzYg)

5\) After confirming payment details, click on “Done”.

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXfzdYQ3gLof1vBWIUXPfR9wx2umDXhwl2ROY7b3A_FnW3wNDiaz6QyS5rtKWo_35c79MLcvgvwTiIfEjpWQTYwNpC3WNqIswI3G3fUQF_Nfj842MtDM-KWaRaoa84R2z2zTteUjng?key=TYDX69pkQsMnKQ7h0SgrZzYg)

6\) Once the payment is completed, you will be asked to check your mailing address. Double check the address on which you will receive your card. If the address is incorrect, then click on “Update Address” and enter the correct address.&#x20;

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXecXO9Q41d6UOAKeiWSInyAP0qrGAokNijnDCv6X3UITSdYdXCD02UehDwEfw4eFWCTBhwdHQdw4pJeApdPXuzAIKE57N5nw-uGmuThncu-JXJN06nUkV7WDiM1bfVE1vLHmj8Yew?key=TYDX69pkQsMnKQ7h0SgrZzYg)

7\) On the Update Address page, enter your address details. Double check them for accuracy and Click on Proceed.&#x20;

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXce0k2Z8LTRgrVPpp8CtpAtSV8HUuktBARpgjKpLOC_c3vs3unyO5V9vnPE9nyRROL6v0DKBoqAVoINUyHy8mTcYLNWsjJHeKVrZN2tU_AumoLDuPsu8A3k2f_1CUbgftj8k9uYVw?key=TYDX69pkQsMnKQ7h0SgrZzYg)

8\) After confirmation, you will see “Card Applied” as the status of your card.&#x20;

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXfECCRumTS9_Tl3aOVlqSMtnMXCYAaIQAs2CmsTLh3VoDRmwqrEueW-2N-bNxDLWmR0dVHJvVinDAIOcuPYQZ3Xy3vVUka7GOw5-2vlPqKO34cQ7ioySGIyqqSP4a7Dez8rUly1sA?key=TYDX69pkQsMnKQ7h0SgrZzYg)

9\) Once the card is dispatched, you will see the status updated.&#x20;

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXc5z5hOngPJ_aJ2JkX3YSlQ1gpS6FGctcDVLlGxnEq7iEhoxcenTeJ4E6QYGfz7g_d5-dCgA_Od6iaONsJ_cJ_rTszt8G8HT0loFwAffKK4qJ8IE2CsebjFX_dvBmwjQ6sDA5xoyg?key=TYDX69pkQsMnKQ7h0SgrZzYg)

10\. After receiving the delivery of the card, you can activate your card and start performing transactions with it

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