ChainCatcher news, Tether CEO Paolo Ardoino posted on the X platform that the first public client and product information for the asset tokenization platform Hadron will be announced around early next week.Tether announced yesterday the launch of the asset tokenization platform Hadron by Tether, aimed at making asset tokenization more accessible than ever, opening up new avenues for issuance, investment, and core capital market technologies for a broader audience (from institutions to fund managers, from governments to private companies).It is reported that Hadron by Tether can be used for the entire lifecycle of issuing and managing digital tokenized assets, providing modularity, security, reliability, and a seamless user experience. Its control suite focuses on providing the most comprehensive toolkit for compliance, Know Your Customer (KYC), Anti-Money Laundering (AML), transaction monitoring, risk management, and secondary market ecosystem monitoring.

ChainCatcher news, the maritime economy tokenization protocol Shipfinex has announced the completion of a $1.5 million seed round financing, led by Mr. Gaurav Mehta, Chairman of Best Oasis Limited and SPM Shipping DMCC, with participation from Mr. Vivek Seth, Senior Vice President of ADNOC Logistics & Services, and Mr. Yasovardhan Chinn, Founder of Nanlian Ship Management LLC. Specific valuation information has not been disclosed.The new funds will support its efforts to achieve partial ownership of maritime assets through blockchain, thereby democratizing maritime finance and collaborating with the Dubai Virtual Assets Regulatory Authority (VARA) to develop a secure and compliant Maritime Asset Token (MAT) market.According to Web3 asset data platform RootData, ShipFinex is achieving the tokenization of the maritime economy by providing retail and institutional investors with the convenience of buying, trading, selling, and owning fractional shares of maritime assets. With a secure infrastructure layer, ShipFinex is addressing the challenges of the ship finance ecosystem through underlying blockchain technology and integrating the concepts of real-world asset tokenization and fractional ownership.

ChainCatcher news, according to Cointelegraph, Larry Fink, CEO of the world's largest asset management company BlackRock, recently stated, "The tokenization of financial assets will be the next step in future development." He pointed out that in the future, every stock and bond will have a unique identifier (similar to CUSIP), and all transactions will be recorded on a unified ledger, with investors receiving exclusive identification.Fink stated that tokenization can not only effectively prevent illegal activities but, more importantly, enable instant settlement, significantly reducing the settlement costs of stocks and bonds. In addition, tokenization will also bring the possibility of personalized investment strategies and improve corporate governance efficiency, ensuring that every shareholder can exercise their voting rights in a timely and accurate manner.Tokenizing real-world assets such as real estate, commodities, wine, or art means creating blockchain tokens that represent ownership, making it easier to trade these traditionally hard-to-sell assets.

ChainCatcher news, Tether has announced the launch of its asset tokenization platform Hadron by Tether, opening up new avenues for issuance, investment, and core capital market technologies for a broader audience (from institutions to fund managers, from governments to private companies).It is reported that Hadron by Tether can be used for the entire lifecycle of issuing and managing digital tokenized assets, providing modularity, security, reliability, and a seamless user experience. It offers the most comprehensive toolkit in its control suite for compliance, KYC, anti-money laundering (AML), risk management, and secondary market ecosystem monitoring.

ChainCatcher news, according to Ledger Insights, the Association for Financial Markets in Europe (AFME) outlined its vision and policy recommendations for DLT and tokenization in Europe. This is a response to the EU Capital Markets Council FISMA's call for feedback. The document presents several recommendations addressing key issues that hinder the development of tokenization in the EU.One key recommendation relates to CSDR, which is the regulation governing Central Securities Depositories (CSDs). Today, key functions performed by CSDs include issuing securities, acting as record keepers, and providing settlement infrastructure. DLT can provide record-keeping functions. Smart contracts can execute functions such as paying interest or dividends.Additionally, AFME believes that the requirement to register as a CSD is overly burdensome. Many banks are interested in providing DLT SS but do not want to become a CSD. The DLT pilot regime has a very low cap on activities, which is not attractive for large entities. Therefore, AFME recommends raising the cap and also hopes that securities issued under this regime will qualify as central bank collateral.

ChainCatcher news, according to Ledger Insights, the Reserve Bank of Australia (RBA) has engaged in discussions with the Digital Finance Cooperative Research Centre (DFCRC) regarding wholesale CBDC and asset tokenization, with a response deadline of December 11.As part of Project Acacia, the RBA invites industry members to provide feedback and participate in trials for wholesale tokenization use cases in 2025, and may also join an industry advisory group. In addition to wholesale CBDC, Project Acacia will also explore the use of private forms of digital currency, including tokenized deposits.Previous RBA and DFCRC CBDC experiments covered both wholesale and retail CBDC, which were issued on infrastructure controlled by the RBA. In the latest trial, the RBA will consider issuing a pilot wCBDC on third-party blockchain networks, similar to Switzerland's Project Helvetia. The current phase of Project Acacia will focus on domestic wholesale settlement.

According to ChainCatcher news reported by CoinDesk, JPMorgan Chase has announced the renaming of its Onyx division, which focuses on tokenization and blockchain, to Kinexys. The bank plans to launch on-chain foreign exchange capabilities as early as the first quarter of 2025, enabling 24/7 automated multi-currency settlements.JPMorgan's JPM Coin blockchain settlement technology has also been renamed to Kinexys Digital Payments. Users of the platform include global companies such as Siemens, BlackRock, and Ant International.JPMorgan stated that with the increase in transaction volume, higher customer adoption rates, and product expansion, they are ready to accelerate the application of blockchain technology and tokenization in mainstream financial services. The new on-chain foreign exchange feature will initially support USD and EUR, with plans to expand to other currencies in the future.

ChainCatcher news, BNBChain today launched a one-stop tokenization solution aimed at helping individuals and small businesses easily enter Web3, enhance asset liquidity, and promote business growth. The solution currently covers two directions: Real World Asset (RWA) tokenization and corporate tokenization, providing a simple one-stop service for different needs, simplifying the asset tokenization process, and allowing users to embrace the Web3 ecosystem without programming or blockchain knowledge.As a leading public chain ecosystem, BNB Chain currently has over 4 million users, deployed over 4,000 applications, and boasts a strong developer community. Through collaborations with industry partners such as BitBond, Brickken, Matrixdock, InvestaX, TokenFi, and Tokeny, it is jointly creating a secure and reliable full-link tokenization solution.Jimmy, a senior solution architect at BNBChain, stated: "Compared to other areas of Web3, Real World Asset (RWA) tokenization indeed faces greater challenges, requiring more time and effort. However, BNB Chain is willing to invest resources in this area because we believe it is one of the right directions for the future. The tokenization solution can empower more small and medium-sized enterprises and bring more new user scenarios to Web3. BNBChain is committed to building an inclusive ecosystem that fosters innovation among businesses in different industries, promotes the widespread application of Web3 technology, and strives to empower the next billion users."

ChainCatcher news, according to Decrypt, Japan's SBI Digital Markets has strengthened its role in the Monetary Authority of Singapore's (MAS) "Project Guardian," launching a new pilot project aimed at promoting the application of tokenized securities in global markets.The Japanese SBI Group subsidiary is collaborating with financial institutions to develop a cross-border framework for tokenized assets, connecting regulated digital asset exchanges across multiple regions to enhance liquidity and reduce costs. The company announced on Monday that through its fixed income pilot project, SBIDM is creating an international network for securities backed by tokenized assets, covering initial issuance and secondary trading.

ChainCatcher news, the Monetary Authority of Singapore (MAS) has announced a series of plans to promote the commercialization of asset tokenization in financial services, covering aspects such as market liquidity, infrastructure, industry framework, and settlement convenience.It is reported that under the "Guardian Program," the Monetary Authority of Singapore has convened over 40 financial institutions, industry associations, and international policymakers from seven jurisdictions to conduct industry trials on the use of asset tokenization in capital markets.MAS Vice President Liang Xingqiang stated that MAS encourages financial institutions and policymakers to collaboratively develop industry standards to facilitate the commercialization of tokenized capital market products and the promotion of industry scope.

ChainCatcher news, the Nairobi Securities Exchange (NSE) has officially joined the Hedera Council to leverage the Hedera network to accelerate its tokenization plans. After joining the council, the NSE will utilize Hedera's secure, transparent, and scalable technology to expedite the launch of digital assets and tokenized securities on its exchange.The Hedera Council is a diverse group composed of global organizations responsible for the operation and management of the decentralized Hedera network. The NSE will run a node on the Hedera network alongside other council members and will have equal voting rights in the governance of Hedera's software and services.

ChainCatcher news, the Monetary Authority of Singapore (MAS) has announced the establishment of the Global Finance & Technology Network (GFTN) to promote the development of Singapore's fintech ecosystem and drive greater synergy and networking with the global fintech community.The first phase of measures includes developing a regulatory sandbox framework, establishing cross-border payment connections, piloting digital assets and tokenization, and facilitating the adoption of artificial intelligence (AI). GFTN will collaborate with MAS to advance industry and policy dialogue in the areas of payments, asset tokenization, and AI/quantum.

ChainCatcher news, according to Hong Kong media East Network, the Hong Kong Securities and Futures Commission (SFC) discussed regulatory guidelines for crypto assets, tokenization, and artificial intelligence with representatives from 12 Asia-Pacific securities market regulatory agencies.In addition, the Hong Kong SFC also hosted the first meeting of the International Organization of Securities Commissions (IOSCO) Asia-Pacific Committee's Supervisory Directors Network, where, in addition to discussions, there was sharing of the latest market developments and observations from the business community. A commercial bank also conducted a live demonstration of artificial intelligence applications.

ChainCatcher news, according to Bitcoin.com, the Central Bank of Brazil supports tokenization and "open finance" as key elements of the future financial system. In a panel report from the International Monetary Fund and the World Bank, the bank's president Roberto Campos Neto stated that the intersection between the two is often underestimated.Campos Neto emphasized the relevance of tokenization to the concept of bank balance sheets and operational efficiency, stating: banks will gradually shift from viewing balance sheets based on accounts to viewing balance sheets based on "tokens," which we believe will greatly enhance efficiency and productivity. Tokens are better suited for banks to manage risk, manage collateral, and finance.

ChainCatcher news, according to Cryptonews, the Financial Stability Board (FSB) has released a report indicating that while the current impact of tokenization on global financial stability is limited, potential risks may increase as its application expands. The report emphasizes that the risks of tokenization to global financial stability are currently limited, primarily due to its small scale and early adoption stage. Most tokenized assets remain confined to pilot projects and niche markets, with low integration into the broader financial system.The report also points out several factors hindering the integration of tokenization into mainstream finance, including technological challenges, a lack of cross-platform standardization, and deficiencies in existing regulatory frameworks. The FSB believes that these obstacles help to some extent in controlling related risks, as the broader financial markets have not yet faced significant risks.Despite the current limited impact, the FSB still highlights the potential risks that may arise from the increased application of tokenization. As these markets expand, challenges such as legal uncertainties regarding asset ownership and cross-border transaction management may become more pronounced. In particular, as the tokenization market deepens its ties with traditional finance, these issues could create greater vulnerabilities.

ChainCatcher news, according to a survey conducted by the University of St. Gallen, mintminds, and vision&, 48% of Swiss banks are planning or have already implemented tokenization use cases. The proportion of banks accepting cryptocurrencies is even higher, reaching 64%. In addition to tokenization and cryptocurrencies, 58% of banks plan to develop other "advanced" blockchain application cases, such as trade finance or settlement.The 19 banks participating in the survey reached a consensus that the potential of blockchain will be realized within a two to five-year timeframe, and its impact will be greater after five years. However, after five years, only 37% of bankers believe that the impact of Distributed Ledger Technology (DLT) will be significant, while 63% consider its importance to be moderate. In the next two years, 11% of banks (all private banks) believe the impact will be significant.More than a quarter of banks have ten or more full-time employees dedicated to digital assets. An additional 21% of banks have two to five employees.

ChainCatcher message, Federal Reserve Governor Christopher J. Waller delivered a speech discussing whether DeFi (Decentralized Finance) is an alternative or a complement to traditional finance. He concluded that the two are complementary and made positive remarks about tokenization and stablecoins.Waller mentioned the benefits of stablecoins, believing that they can reduce the need for intermediaries and lower payment costs. Although stablecoins carry the risk of runs, this can be addressed through regulatory measures, making them "safe assets" on various new trading platforms.However, he also pointed out that centralized finance is still needed, as most cryptocurrency customers still keep their assets in cryptocurrency exchanges.

ChainCatcher news, according to TheBlock, the Bank for International Settlements report emphasizes that major financial institutions are trialing tokenized deposits to improve settlement efficiency and programmability. However, the transition from traditional finance to tokenization may pose risks, including potential governance and legal framework issues, as well as credit, liquidity, custody, and operational risks. These challenges may differ from those faced by traditional market infrastructure, thus requiring a comprehensive assessment by central banks.Of course, tokenization also has many benefits, including reduced transaction costs and faster transaction speeds. Governance, legal, and liquidity risks are the key concerns of central banks regarding tokenized assets.

ChainCatcher news, the London-based pension and investment management company Legal & General (L&G), which manages $1.5 trillion in assets, is planning to enter the increasingly popular blockchain-based tokenization space favored by financial giants.Tokenization (i.e., representing traditional assets through tokens on the blockchain, such as money market funds backed by U.S. Treasury securities) is becoming increasingly popular among traditional financial firms. This trend has been further accelerated by the world's largest asset management company BlackRock launching its BUIDL fund on the Ethereum blockchain. Other companies include Franklin Templeton, State Street, and Abrdn.L&G executives stated, "We are exploring ways to offer Legal & General Investment Management liquidity funds in a tokenized form."