ChainCatcher news, according to The Block, the Solana-based tokenization platform AgriDex has completed a $4 million strategic funding round, led by Portal Ventures, with participation from Endeavour Ventures, Hawkwood Capital, HU Investments, FS Ventures, and Sycamore Gap Management Ltd. Company. Angel investors such as Palantir's Tobechi Bolanle Taiwo and Perena's Anna Yuan also participated in this round of financing. Previously, AgriDex completed a $5 million pre-seed funding round, bringing its total funding to $9 million.With the support of the new round of funding, AgriDex plans to tokenize and process $4.5 billion in unfinished trade commitments from partners such as Future Farms, Oldenburg, and Parrogate Group. The platform also plans to expand its coverage to tokenize and trade new commodities such as West African cocoa and Eastern European wheat.Additionally, according to the Web3 asset data platform RootData, Agridex is a Solana-based RWA market that is reshaping the global agricultural industry. It provides participants in the agricultural sector with a transparent, integrated marketplace, featuring its own internal economy. Utilizing on-chain fiat, smart contracts, and participant reviews, AgriDex offers a fully compliant and streamlined solution for agricultural supply chain management.

ChainCatcher news, DeFi platform Step Finance has acquired the early-stage startup Moose Capital, which specializes in the tokenization of traditional stocks, aiming to allow users to buy and sell shares of companies like Nvidia and Tesla directly on the Solana blockchain.In addition to acquiring Moose Capital's products (which are planned to be renamed Remora Markets), Step Finance has also onboarded the team and regulatory licenses of this startup in preparation for a launch in the first quarter of 2025.Step Finance aims to become the portfolio management tool and analytics hub for Solana users. It also owns the media company SolanaFloor, which focuses on the NFT market, and the global event project Solana Allstars, which is active in over 50 cities.

ChainCatcher news, according to Jinshi reports, the CEO of Bank of New York Mellon stated that tokenization is a major trend in the financial markets, and any new developments in crypto assets need to be tested in practice.

ChainCatcher news, according to Beincrypto, Premier Art Holdings Ltd. and the blockchain platform Chintai announced the launch of a $50 million tokenized art program, The Premier Art Token (TPAT).The project will utilize Chintai's white-label tokenization technology to provide fractional ownership of top-tier artworks, making traditionally scarce art assets more accessible. The initial $50 million of TPAT will be offered to qualified investors, with the presale starting in December 2024.

ChainCatcher news, stablecoin issuer Ethena and tokenization platform Securitize are set to launch the stablecoin USDtb to participate in Spark's $1 billion tokenization competition.The Spark competition (referred to as the "Tokenization Grand Prix") will distribute up to $1 billion in liquidity to selected partners. Spark is a lending platform within the Sky ecosystem, renamed from MakerDAO. The results will be confirmed by governance votes from Sky token holders.The reserves of the USDtb stablecoin will be invested in BlackRock's U.S. institutional digital liquidity fund (BUIDL), which is tokenized by Securitize. BUIDL will account for over 90% of its initial backing. Ethena claims that this ratio is higher than that of other stablecoin issuers.

ChainCatcher news, BNBChain announced today the addition of an NFT loyalty segment within its one-stop tokenization solution, following the launch of RWA and corporate tokenization directions. The newly added NFT loyalty project further empowers businesses to interact with customers through tradable and collectible NFT rewards, enhancing customer experience without the need for coding knowledge, making it easy to access the Web3 world.BNBChain aims to help businesses and SMEs smoothly integrate into the digital economy by providing a tokenization integration solution for Web3, facilitating an easy transition to Web3. Currently, Bitbond and NFTs2Me are participating in this program as partners, with Bitbond offering a 90% service fee discount for BNBChain customers, and NFTs2Me also providing maximum discount offers.

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.