- What's Drippin'
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- š¤ Ethereum's New Institutional Product Arm
š¤ Ethereum's New Institutional Product Arm
š“ Your Weekly Security Token Digest
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Goooood Morning, Rainmakers! āļø
As always, we have two captivating topics for you to dive into:
1ļøā£ š¤ Etherealize to Bring Ethereum to Institutions
2ļøā£ š Bonds on HSBC Orion are Trending in Asia
Without further ado, it's time toā¦
Get Liquid š§
Your First Captivating Topic of the Week
š¤ Etherealize to Bring Ethereum to Institutions
The Ethereum Foundation and Vitalik Buterin are going for Wall Street by seeding their own marketing and product team. Weāre talking about Etherealizeās team of 8 with 200+ years of combined experience across TradFi and crypto, which is led by Vivek Raman - a Wall Street veteran himself.
Etherealize will be boots on the ground in New York, working to support institutional adoption of Ethereum through content as well as making it easier and faster for them to take action on the 2nd-largest blockchain. This means a product suite geared for high-stakes finance. Additionally, they even have a dashboard to give everyone further insight into the ecosystem!
Etherealize says itās being received well by L2s, infrastructure layers, and even institutions, reportedly reaching out to help. A week later and they are starting to gain more traction - even some feedback from leaders in the market based on a podcast interview with Vivek Raman!
Yuval Rooz from Digital Asset/ Canton Network shared his views on a particular point: Zero Knowledge Proofs and Financial Privacy. We plan on having Yuval on the Security Token Show on Friday so keep an eye out for that interview! š
This is not financial advice.
Your Second Captivating Topic of the Week
š Bonds on HSBC Orion are Trending in Asia
Speaking of Canton Network, member HSBC Orion is back at it again!
The Bank of Communications (BoCom) Hong Kong is issuing a $300 million, 3-year bond. This is an unsecured floating rate bond, which was tokenized on HSBC Orion and received an A2 rating from Moodyās.
Thatās not it though! Admittedly this one missed my radar last month but the BoCom bond follows another bond from Zhuhai Huafa Group in late December 2024, also on HSBC Orion. That one was a bit smaller at RMB 1.4 billion ($190M). Smaller but definitely not insignificant.
Debt is one of the fastest growing asset classes on-chain because of their large issuances at a time. We track over $21B worth on STM.co if youād like to take a look!
However thereās plenty more to tokenize and Singapore is taking a page from Hong Kongās book on incentivizing issuers to do so. This is done through their grant program, subsidizing part of the cost to tokenize.
Very smart!
This is not financial advice.
š¦ What else is Drippinā
TokenizeThis 2025
Security Token Marketās annual industry conference will be back next year and moving from Miami to the heart of finance in the big apple. Featuring keynotes, speakers, panels, and demos, TokenizeThis aims to be the largest premiere event dedicated to real world assets exclusively.
This yearās edition of TokenizeThis featured incredible speakers like Carlos Domingo, CEO of Securitize, Ex-SEC Commissioner Troy Paredes, and Anthony Bassili, the head of tokenization at Coinbase, alongside many other speakers from the likes of JPM Onyx-turned-Kinexys, DTCC, Franklin Templeton, Northern Trust, RealT, Propy, Maple, Avalanche, Stellar, Solana, Polygon, and many others. Tickets and the speaker line up will be announced later this year so be sure that youāre signed up for the waitlist on summit.stm.co.
RWA Foundation
Have you joined the RWA Foundation yet?
Incubated by Security Token Market, the Real World Assets (RWA) Foundation is a crypto native organization dedicated to bridging crypto natives and tokenized assets. The leading brands in the tokenization and RWA industry contribute support in order for the RWA Foundation to develop educational resources, media, events, grant programs, and crypto-focused initiatives to carry out its mission.
Follow on X, join the Telegram, and stay updated on all things about the Foundation, RWA Industry, our upcoming DAO launch, and a whole lot more. TRUNKS UP š !
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Reports
(NEW) RWA Securities Market Update: December 2024
We're excited to release the December 2024 edition of our RWA Securities Market Update report, which features benchmarks against the CoinDesk 20 Index (CD20)! In this monthās market report, we have meticulously tracked 750 security tokens spanning across 35 marketplaces and 10 blockchains.
Sections include:
Key Takeaways
Quantitative Highlights
Asset Class Breakdown
On-Chain Liquidity Products
Platform Spotlight: CarrƩ
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 yearās 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 industryās 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.
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If interested, please reach out to [email protected] to find out a way we can work together :)
Everything in this newsletter is for informational and entertainment purposes only. Nothing in this report should be taken as financial advice or as an inducement to purchase or sell any security. Nothing in this newsletter should be used as legal advice. Always do your own research before making any decisions regarding financial transactions of securities.