ChainCatcher news, according to Bitcoin Magazine, the German listed company Samara Asset Group will issue a bond of 30 million euros to purchase Bitcoin and fund shares.The bond issuance will be managed by Pareto Securities, and the bonds will be listed on the Oslo and Frankfurt stock exchanges, with a minimum subscription amount of 100,000 euros.The company plans to use the bond proceeds to purchase shares in alternative investment funds and increase its Bitcoin holdings. Samara CEO Patrik Lowry stated that this will further strengthen the company's balance sheet and diversify investments in emerging technology sectors. Bitcoin is currently the main treasury reserve asset for Samara.

ChainCatcher news, according to CoinDesk, State Street's Chief Product Officer Donna Milrod stated in an interview with Financial News that the bank is working on the tokenization of bond and money market funds, but currently has no plans to create stablecoins or tokenized deposits. However, Milrod said, "That doesn't mean we won't do it in the future; we just feel that there is no need to do it right now." Milrod mentioned that State Street has two ongoing tokenization projects focused on the tokenization of bonds and money market funds, which the company aims to complete "sometime next year." The goal is to establish tokenized collateral that allows traders to use it as margin without having to liquidate their holdings to raise cash.Milrod stated, "Operational efficiency alone is not enough. It needs to have commercial value, and the industry is figuring out where that commercial value lies. Collateral tokens could help avoid or mitigate the 'liability-driven' crisis of 2022, when pension funds could use money market fund tokens to post margin instead of liquidating assets to raise cash."

ChainCatcher news, the Palau government has launched Palau Invest, a "blockchain-based savings bond prototype system." With the prototype completed, a public demonstration system has also been initiated. The Ministry of Economy, Trade and Industry of Japan and Soramitsu Blockchain are providing support, and the project aims to fund the country's infrastructure projects.The Ministry of Finance must finalize the bond issuance standards and obtain government approval. Approximately 18,000 Palauan citizens will be able to purchase bonds from the Ministry of Finance through an application on their mobile phones.Palau President Surangel Whipps Jr. stated at the launch ceremony, "The savings bond program allows us to fund critical projects with domestic resources, such as housing, small and medium-sized enterprise development, roads, and other essential services. These projects are not only vital for infrastructure but also have spillover effects."

ChainCatcher news, according to CoinDesk, RWA tokenization company Digital Asset announced on Tuesday that it has completed a pilot program to tokenize UK bonds (gilts), European bonds, and gold for financial transactions using the Canton Network protocol. Major securities settlement provider Euroclear, the World Gold Council, and global law firm Clifford Chance also participated in this process along with other banks, investors, custodians, and a central securities depository.During the pilot project from June to July, the project created digital representations of UK government bonds, European bonds, and gold to be used as collateral, offering greater transparency, faster transfer speeds, and near-instant settlement between parties around the clock, without the delays associated with traditional financial rails. According to a report by Boston Consulting Group and 21Shares, in an optimistic scenario, the market value of tokenized assets is expected to exceed $10 trillion by the end of this decade, while McKinsey predicts it will reach $2 trillion in its base case by then.

ChainCatcher news, according to Ledger Insights, HSBC has issued a one-year digital note worth HKD 1 billion (USD 128 million) using distributed ledger technology (DLT). The structure of this issuance is similar to the HKD 7.56 billion sovereign digital bond issued earlier this year. Therefore, the latest digital note is issued through HSBC Orion DLT, with the local Central Securities Depository (CSD) CMU acting as the platform operator.It is reported that HSBC's blockchain bond tokenization platform, HSBC Orion, uses a combination of Digital Asset's DAML and Hyperledger Fabric technology.

According to ChainCatcher news, as reported by Xinhua Finance, the national-level scientific journal "Financial Electrification," supervised by the People's Bank of China, will publish an article titled "Exploring the Standardization of Practical Experience in Blockchain Digital Bond Innovation" in the second half of August 2024. The article is authored by the Central Government Securities Depository and Clearing Co., Ltd.'s China Bond Blockchain Digital Bond Project Team.The article states: As a national pilot unit for blockchain innovation applications, the Central Government Securities Depository and Clearing Co., Ltd. is actively promoting the implementation and standardization of the blockchain digital bond project. It is necessary to summarize and form specialized standards in a timely manner, striving to achieve replicable and scalable practices to promote the formation of an industry ecosystem and standardized development. Since exploring blockchain technology in 2018, it launched the country's first blockchain digital bond issuance platform in 2021 and has continuously optimized and enhanced system functionality and cross-chain interoperability.The platform has supported the issuance of multiple bonds, covering institutions such as state-owned banks and securities companies, promoting the integrated development of the digital economy and the real economy, while strengthening regulatory capabilities and industry norms. As the initiator of the alliance chain and the provider of system services, the Central Clearing Company is responsible for formulating business operation rules, establishing and improving alliance governance mechanisms, and maintaining the safe and stable operation of the system; it explores the effective coordination of necessary centralized management principles as stipulated by laws and regulations with distributed ledger technology, consensus algorithms, and smart contracts.The alliance chain does not change the legal central confirmation attributes and member access management authority of the Central Clearing Company. It efficiently achieves consensus formation in business processes through smart contracts and enhances the auditability, verifiability, and multi-party supervision of operations by the Central Clearing Company and market institutions through distributed ledgers and encryption algorithms. Market institutions, under the premise of complying with the alliance system, can orderly carry out business innovation, provide beneficial feedback and cooperative supervision, and jointly promote the high-quality development of the bond market.

ChainCatcher news, published in the second half of August 2024 issue of the national-level scientific journal "Financial Electrification," supervised by the People's Bank of China, features an article titled "Exploring the Standardization of Practical Experience in Blockchain Digital Bond Innovation." The authors of the article are the Central Government Securities Depository and Clearing Co., Ltd. Blockchain Digital Bond Project Team.The article states: As a pilot unit for national blockchain innovation applications, the Central Government Securities Depository and Clearing Co., Ltd. is actively promoting the implementation and standardization of the blockchain digital bond project. It is necessary to summarize and form specialized standards in a timely manner, striving to achieve replicable and scalable practices that promote the formation of an industry ecosystem and standardized development.Since exploring blockchain technology in 2018, the company launched the country's first blockchain digital bond issuance platform in 2021, continuously optimizing and enhancing system functionality and cross-chain interoperability. This platform has supported the issuance of multiple bonds, covering institutions such as state-owned banks and securities companies, promoting the integrated development of the digital economy and the real economy, while strengthening regulatory capabilities and industry norms.As the initiator of the alliance chain and the provider of system services, the Central Clearing Company is responsible for formulating business operation rules, establishing and improving alliance governance mechanisms, and maintaining the safe and stable operation of the system; exploring effective coordination between the necessary centralized management principles stipulated by laws and regulations and the technical architectures of distributed ledgers, consensus algorithms, and smart contracts.The alliance chain does not change the legal central confirmation attributes and member access management authority of the Central Clearing Company. It efficiently achieves consensus formation in business processes through smart contracts and enhances the auditability, verifiability, and multi-party supervision of operations by the Central Clearing Company and market institutions through distributed ledgers and encryption algorithms. Market institutions, under the premise of complying with the alliance system, can orderly carry out business innovations, provide beneficial feedback and collaborative supervision, and jointly promote the high-quality development of the bond market. (Xinhua Finance)

ChainCatcher message, Shen Yu (@bitfish1) posted on social media that with further interest rate cuts, a large-scale Defi arbitrage trading is expected to unfold, and the pattern of government bonds as the main source of Defi returns may be broken, with a reversal imminent.

ChainCatcher news, Web3 asset management company Anemoy has partnered with oracle provider Chronicle to provide real-time data for its on-chain treasury fund built on Centrifuge.It is reported that Moody's recently rated Anemoy's Liquid Treasury Fund as the highest tokenized treasury rating ever.

ChainCatcher news, FTX's former co-CEO Ryan Salame's partner Michelle Bond pleaded not guilty to four counts of campaign finance violations in the U.S. District Court for the Southern District of New York. These charges include conspiracy to cause illegal campaign contributions, causing and accepting excessive campaign contributions, causing and accepting illegal corporate contributions, and causing and accepting intermediary contributions.The charges stem from Bond's alleged concealment of funding sources during her 2022 campaign for a Republican seat in the U.S. House of Representatives. It is alleged that Salame arranged for FTX to pay $400,000 to fund her campaign, while Bond is accused of making false statements to the Federal Election Commission (FEC) and congressional committees. Notably, Salame had previously pleaded guilty and was sentenced to 90 months in prison, but after Bond was indicted, he requested the court to withdraw his plea, claiming it was based on a promise from prosecutors not to investigate his partner. Judge Lewis Kaplan stated he would consider whether to withdraw Salame's plea.Currently, Bond remains free on a $1 million bail but is restricted to travel within the continental United States. Judge George Daniels has scheduled a pretrial conference for January 2025. In the criminal cases against FTX and Alameda Research, as of September 18, only Salame and SBF have been sentenced to imprisonment. Sentencing hearings for other implicated executives will take place in the coming months.

ChainCatcher news, former FTX Digital Markets CEO Ryan Salame has withdrawn his previous request to overturn his 7.5-year sentence. This move stems from a disagreement triggered by the U.S. government's investigation into his partner Michelle Bond. Salame's lawyer previously claimed that prosecutors promised not to investigate Bond during negotiations, thus coercing Salame into pleading guilty.However, Bond was subsequently charged in connection with a plan involving FTX founder SBF to influence the U.S. electoral system.U.S. Attorney for the Southern District of New York Damian Williams accused Bond of illegally accepting donations from FTX-related parties during the 2022 congressional campaign. Judge Lewis Kaplan described Salame's request as "ambiguous" and "inconsistent," and reserved the right to impose sanctions against him. U.S. prosecutors denied having reached an agreement with Salame to not investigate Bond.Previous news, former head of FTX sister company Alameda Research Caroline Ellison is seeking to avoid prison time for her involvement in fraud.

ChainCatcher news, German tech giant Siemens has issued its second digital bond worth 300 million euros (approximately 331 million dollars) using the SWIAT licensed blockchain. This issuance is part of the European Central Bank (ECB) distributed ledger technology (DLT) wholesale settlement experiment.This one-year bond utilizes Germany's Trigger solution to automatically complete central bank payments through the TARGET 2 system, allowing settlement to be completed in just a few minutes.The company stated that this rapid settlement contrasts sharply with Siemens' previous issuance of a 60 million euro bond on the Polygon blockchain, which required two days for settlement.

ChainCatcher news, former FTX executive Ryan Salame has withdrawn his legal request to enforce a plea agreement or overturn a judgment. Salame previously claimed that prosecutors improperly obtained his plea and suggested he would stop the investigation into his partner Michelle Bond.After Bond was indicted, Salame decided to withdraw his request, allowing Bond to raise relevant issues in her own case. Bond has now been charged with four counts related to campaign finance violations, each of which carries a maximum sentence of 5 years in prison if convicted.

ChainCatcher news, according to Ledger Insights, Germany's DekaBank announced that it is the buyer of a €100 million digital registered mortgage bond issued by France's Natixis Pfandbriefbank. This is the first issuance of such bonds in Germany, utilizing SWIAT licensed blockchain technology.Natixis Pfandbriefbank is an indirect subsidiary of France's fourth largest banking group, Groupe BPCE. DekaBank also acted as the registrar and payment agent for this issuance.

ChainCatcher news, according to BitcoinMagazine, BlackRock has added 4,000 shares of the spot Bitcoin ETF to its Strategic Global Bond Fund.

ChainCatcher news, crypto analyst arndxt recently expressed the view that the most critical indicator in the current cryptocurrency space is the total supply of stablecoins, noting that this indicator is showing some positive signals.Since Bitcoin broke its all-time high in March, the supply of Tether (USDT), USD Coin (USDC), and DAI has increased by 14%, 13%, and 12% respectively, while the supply of PayPal USD (PYUSD) has surged by 300%, primarily driven by growth on the Solana network. However, due to the declines in the supply of BUSD and USDP by 17% and 42%, the overall supply of stablecoins has only increased by 2%. Arndxt expects that as treasury yields decline, investors may allocate more funds to risk assets, including cryptocurrencies, further driving the increase in stablecoin supply. He believes that if this trend continues or accelerates, the total supply of stablecoins could surpass its all-time high in the coming months, which may indicate that Bitcoin and the entire crypto market will rise accordingly.

ChainCatcher news, the Asian Infrastructure Investment Bank (AIIB) has successfully issued its first digital bond, raising $300 million. The bond is rated AAA, with an annual interest rate of 4%, and will mature in January 2027. This issuance was assisted by Citigroup and BMO Capital Markets, marking the first time an Asian institution has issued a digital bond on Euroclear's distributed ledger platform.Notably, this is also the first issuance of a dollar-denominated digital bond on this platform. Citigroup will play a key role in the bond issuance and the payment settlement between investors and the issuer. The bank will also act as the issuance and payment agent. This digital bond issuance marks an important step in the application of blockchain technology in the financial sector. Although digital bonds currently remain a small part of the fixed income market, they are gaining increasing attention, with institutions such as the World Bank and the European Investment Bank also participating.

ChainCatcher News: A complaint made public on August 22 by the U.S. District Court for the Southern District of New York reveals that Michelle Bond, the partner of former FTX Digital Markets co-CEO Ryan Salame, has been charged with violating campaign finance laws.Prosecutors allege that Bond, along with an unnamed co-conspirator, illegally provided funds for her 2022 campaign for the U.S. House of Representatives. The indictment states that this co-conspirator may refer to Salame, who arranged a payment of $400,000. Bond is charged with conspiracy to cause illegal campaign contributions, causing and accepting excessive campaign contributions, causing and accepting illegal corporate contributions, and causing and accepting conduit contributions. The prosecution also alleges that she made false statements to the Federal Election Commission and congressional committees to cover up her and her co-conspirator's actions.Notably, Salame had previously pleaded guilty in September 2023 and was sentenced to 7.5 years in prison, scheduled to report on October 13, and his attorney recently filed a motion to withdraw the guilty plea.