Brazil to Explore Tokenization & DeFi with Drex CBDC
Brazil is expanding its central bank digital currency (CBDC), Drex, to include decentralized finance (DeFi) and tokenization, according to the country’s central bank. Drex, which has evolved since its pilot last year, aims to enhance financial inclusion and reduce transaction costs.Argentina to Demonstrate Football Player Tokenization
The Argentine Football Association (AFA) has partnered with fintech startup Win Investments to tokenize player training rights, allowing fans to invest in their favorite players. The project leverages FIFA's solidarity mechanism and blockchain technology to create new revenue streams for clubs and democratize access to the player transfer market.Blocksquare to Partner with FractioneX for Real Estate Tokenization on Ethereum
Using Blocksquare's tokenization infrastructure, FractioneX allows individuals to invest in fractional interests in properties, lowering the financial barrier to property ownership. The collaboration will initially offer properties in the UK, with plans to expand into commercial real estate. Ethena to Pick BlackRock's BUIDL, Mountain, Superstate and Sky's USDS for $46M Investment
Decentralized finance protocol Ethena, issuer of the $2.5 billion USDe "synthetic dollar," announced plans to invest its $46 million backup fund in tokenized assets from BlackRock's and Securitize's BUIDL, Mountain's USDM, Superstate's USTB, and Sky's USDS stablecoin. The fund will allocate $18 million to BUIDL, $13 million to USDS, $8 million to USDM, and $7 million to USTB. Citi to Launch Citi Token Services
The service offers 24/7 cross-border liquidity using Citi’s private, permissioned blockchain, streamlining payments and reducing costs. Citi Token Services also marked a milestone by facilitating pilot transactions for shipping agents, replacing traditional methods like letters of credit with smart contracts backed by tokenized cash, reducing transaction times from days to minutes. Bitpanda to Offer EU-Regulated Security Token To Retail Investors
The European exchange has launched security tokens for retail investors, starting with Steelcoin. Founded in 2022, Steelcoin is a regulated security under EU law, representing 1,721.28 kilograms of steel. Issued on the Ethereum blockchain, it links its value directly to steel prices, with a 3% annual reduction in weight to account for risks and costs. Deribit to Introduce Hashnote's USYC As New Yield-Bearing Cross-Margin Collateral Option
The digital assets derivatives exchange has introduced the US Yield Coin (USYC) from Hashnote as a new yield-bearing cross-margin collateral option, starting October 8, 2024. USYC, an ERC-20 token backed by U.S. Government Securities, provides daily yield and low volatility. It enhances capital efficiency for traders on Deribit, allowing USYC as collateral for BTC, ETH, USDC, and USDT trades. Hex Trust and Clearpool to Launch Ozean, a Blockchain for Real-World Asset Yield
The collaboration will leverage Hex Trust's fully licensed infrastructure and Clearpool's success in DeFi lending to enhance RWA liquidity. Ozean will use Hex Trust’s USDX stablecoin as both a native currency and gas token. The partnership also follows Ozean's recent deals with Velodrome and LayerZero to boost cross-chain liquidity and ecosystem growth.Tradias to Receive BaFin Securities Trading Banking License
The German crypto market maker announced it has secured a securities trading banking license from BaFin, previously operating under its parent company, Bankhaus Scheich. The firm also closed its Series A funding round, with investments from family offices, bringing its equity above €10 million. Tradias provides crypto market making, OTC services, and tokenization, including tokenizing shares in Allianz Securicash SRI Fund on the Polygon blockchain.