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Your First Captivating Topic of the Week

🤝 ANZ Partners with Chainlink and Joins Project Guardian

It’s no secret all the major banks and asset managers are now looking into tokenization and ANZ is no exception. The lender is now joining Project Guardian as the first Australian bank to do so and will be working with both Chainlink and ADDX for cross-chain interoperability for RWAs, with a focus on private blockchains. One of the assets they cite is commercial paper which we just saw Siemens issue and settle via JPM Coin last week.

Before moving on, what is Project Guardian?

Great question! According to ANZ’s press release, “Project Guardian is a multi-year collaborative initiative between policymakers and the financial industry to enhance liquidity and efficiency of financial markets through asset tokenisation.”

Led by the Monetary Authority of Singapore (MAS), other known policy makers involved include the UK’s FCA, Switzerland’s FINMA, and Japan’s FSA. This initiative has 3 main focus areas in which different institutions participate: Asset & Wealth Management, Fixed Income, and Foreign Exchange.

What will ANZ be doing?

As mentioned they’re looking to work on interoperability for RWAs which I believe falls under the Asset & Wealth Management focus area. This is in light of views from ANZ’s Banking Services Lead:

To demonstrate this, the bank will be using their stablecoin A$DC to move capital across the region. Chainlink’s involvement is no surprise due to their Cross-Chain Interoperability Protocol, although this is different from another Project Guardian proof of concept led by Onyx by JPMorgan and Apollo. That one chose Axelar and LayerZero as their interoperability partners.

It’ll be interesting to see what kinds of results ANZ, ADDX, and Chainlink reveal in future based on their collaboration.

This is not financial advice.

Upcoming Webinar

Join us as we dive into the world of public relations and web3 with Amsterdam Group Founder and CEO, Sam Amsterdam. Get an overview on what Sam and his team have to offer and get answers to questions such as: What’s needed to get the right eye balls on your web3 project? What are best practices?

Have your own questions? Sam will be taking some live questions towards the end of the session so come prepared to learn from one of the leaders in web3 PR!

A Message From The TokenizeThis Workshop Tour

The TokenizeThis Workshop is going on tour across the US!

Do you or someone you know have assets you’d like to tokenize? Not sure how to do so?
In order to take advantage of this new burgeoning technology, one must understand beyond the technicals and learn about the market, the new procedures, and the best practices to follow. This workshop is for you!

Composed of 5 sessions, the TokenizeThis Workshop is a full day masterclass focuses on an industry overview, the tokenization lifecycle, and liquidity strategies to name a few. Interested in joining us? Use WD15 for 15% off!

Your Second Captivating Topic of the Week

🏡 Chintai Facilitates $100M Tokenized Real Estate Fund: Kin Capital

While we’re seeing other asset classes such as liquidity products and private credit grow in the tokenization space, it’s important to keep up with one of the original go-to examples: Real Estate.

Real estate runs on archaic system and has been on of the most illiquid of assets to have. That makes it prime for tokenization and the momentum continues for it as this week we saw an announcement from Kin Capital on their $100M tokenized real estate fund using Chintai.

We just covered Singapore-led Project Guardian and sticking to the region, Chintai is one of the RWA-focused blockchains in the market. According to their whitepaper, Chintai is “licensed to act as a Capital Markets Services (CMS) provider and Recognized Market Operator (RMO) by the MAS, allows for primary issuance and secondary market trading in digital securities.”

Let's talk about Kin Capital fund

We’ve seen individual pieces of real estate get tokenized by different providers such as RealT, REtokens, RedSwan, and others but there’s something to be said about tokenizing a fund of properties for the less-active investor. Other funds come from WhiteRocks Holding, SteelWave Digital, and now Kin Capital.

According to CoinDesk, the fund holds real estate first performing trust deeds and is aiming for a 14-15% annual return. Geared towards institutional investors at a $50K minimum, this debt fund will offer quarterly distributions and start with a $5M tranche. The other $95M in tranches will come live throughout the rest of the year and into 2025.

Will those future tranches have different terms? We’ll have to see but if not then that could allow for all $100M to be fungible, creating a more liquid environment for investors to take advantage of. Speaking of liquidity, collateralized loans are increasing throughout the market. It would be great if Chintai helps facilitate something like that as an additional source of liquidity.

This is not financial advice.

Companies of the Week

Herwig’s Pick: Ethena

Kyle’s Pick: abra

Find out why and more every Friday live at 2pm EST on LinkedIn or X/ Twitter. Past episodes available on Youtube or your favorite podcast platform! 

Reports

RWA Securities Market Update: August 2024

We're excited to release the August 2024 edition of our RWA Securities Market Update report, which features benchmarks against the CoinDesk 20 Index (CD20)! In this month’s market report, we have meticulously tracked 632 security tokens spanning across 35 marketplaces and 10 blockchains.

Sections include:

• Key Takeaways

• Quantitative Highlights

• Asset Class Breakdown

• On-Chain Liquidity Products

• New Tokens and Announcements

State of the Tokenization Industry 2024 Report

We are very excited to publish our State of the Tokenization Industry 2024 report tomorrow with our sponsor SteelWave Digital! The Security Token Market team covers this year’s headlines and key takeaways, sorted into the following categories:

Search away, share it with a colleague, and revisit the same link for future updates!

TokenizeThis 2024: Highlights and Key Takeaways Report

The TokenizeThis 2024 Conference Highlights Report is Now Available! This was the industry’s event of the year with 500+ registered attendees, 40+ speakers, and 20 sessions & side events in Miami, FL!

There was so much to do you may have missed some panels but not to worry, the STM Team has put together a summary of it all just for you.

This is not financial or investment advice.