Switzerland-based tokenization firm Backed Finance has expanded its tokenized short-term U.S. Treasury offering to crypto exchange Coinbase’s Base blo
ckchain, the firm said Friday in a press release. The issuance marks the first real-world asset token issued on the Base network, which also hosts the popular social tokenization platform Friend.Tech. Issued under the Swiss tokenized securities law, Backed’s bIB01 crypto token is a blockchain-based version of BlackRock's short-term U.S. Treasuries exchange-traded fund that offers a 5.25% annual yield to investors.
Tokenization of real-world assets – an umbrella term for wrapping traditional financial instruments such as government bonds, private equity or credit in a token form and placing them on blockchains – has become one of the hottest trends in crypto this year. The market for tokenized assets could mushroom to $16 trillion by 2030, according to a Boston Consulting Group report. U.S.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Cryptocurrencies Price Prediction: Tokens, Bitcoin & Stablecoins – American Wrap 06 OctoberTokenized US treasuries arrive on coinbase’s base with backed’s RWA token issuance Switzerland-based tokenization firm Backed Finance has expanded its
Weiterlesen »
Real-world asset project Backed issues tokenized security on BaseBacked has issued a tokenized security product on Base named bIB01, which tracks a short-term US treasury bond ETF.
Weiterlesen »
Brutal Gangs, Frail Government Await U.N.-Backed Haiti MissionThe Kenya-led police force, funded by the U.S., aims to win back control of Haiti from gangs that are stoking a humanitarian crisis
Weiterlesen »
House speaker race endorsement live tracker: Who has backed who so far?Reese Gorman covers Congress and campaigns for the Washington Examiner. Prior to the Washington Examiner, he covered state politics and the state legislature in Oklahoma. Follow him on X: reesejgorman
Weiterlesen »
Bill Gates-Backed Startup Launches AI Chatbot for Personalized Movie, Book PicksChatbot runs on OpenAI language-processing tech and will learn user preferences over time
Weiterlesen »