A significant development in the world of decentralized finance (DeFi) has emerged. The brokerage arm of China Merchants Bank’s Hong Kong subsidiary, CMBI, has tokenized a substantial $3.8 billion U.S. dollar-denominated money market fund (MMF) on the BNB Chain. This groundbreaking move signifies a major step towards integrating traditional finance with blockchain technology. Investors can […]
The financial world recently witnessed a significant leap forward. Specifically, Standard Chartered announced a groundbreaking initiative in the heart of the Middle East. This major development involves the launch of the first **tokenized MMF** (Money Market Fund) within the Dubai International Financial Centre (DIFC). This event marks a pivotal moment for **digital assets** and the […]
Big news from the Middle East! The financial landscape in Dubai is taking a significant step forward with the official green light for a new type of investment product. The Dubai Financial Services Authority (DFSA) has just approved the QCD Money Market Fund, making it a pioneering Dubai tokenized fund. This development marks a crucial […]
Big news from Singapore! Global asset management giant Franklin Templeton has just received the green light from the Monetary Authority of Singapore (MAS) to launch a groundbreaking tokenized fund. This isn’t just any fund; it’s set to be the first of its kind in Singapore specifically designed to target retail investors. Get ready, because this […]
Big news from the world of traditional finance making waves in the blockchain space! BlackRock, the world’s largest asset manager with trillions under management, has just made a significant move that signals growing interest in digital assets. They’ve filed with the U.S. Securities and Exchange Commission (SEC Filing) to create a new digital share class […]
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