Presented By:

Your First Captivating Topic of the Week

⛏️ Tokenized Bitcoin Mining: BMN1 Matures, BMN2 Issues

One of the most unique tokenizations in history has been a Bitcoin Layer 2 issued investment tied to the hashrate of mining Bitcoin. The Blockstream Mining Note (BMN1) offered investors exposure to Bitcoin mining with the added liquidity of a security token issued on the Liquid Network (the Bitcoin L2). Owning each BMN token granted the holder rights to a share of Bitcoin mining output, equivalent to up to 2,000 TH/s, over a span of 36 months which reached maturity on July 7th, 2024.

This was essentially a way to invest into Bitcoin without owning it - at least not upfront - and for potentially higher returns. Well it turned out to be true as operations resulted in mining 1,212 BTC (​​~7.76 BTC per BMN1) which comes to BMN1 giving returns of up to 102%. Overall this outperformed a buy and hold strategy.

What’s next? 
This security token was so successful that Blockstream has decided to work with the same partners to issue the new BMN2 token! This version will have a longer duration of 48 months, hosted on STOKR from July 18th-August 12th and will presumably be traded on Bitfinex Securities, SideSwap, and MERJ Exchange with Fidelity Digital Asset Services acting as the custodian for the underlying bitcoin.

For those that didn’t redeem their BMN1 for the underlying Bitcoin, Blockstream is offering a 3% bonus for rolling over into BMN2. This offering raised $2.6M in the first 24 hours and at the time of writing has now increased to almost $2.9M.

This is not financial advice.

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

💎 Digital Diamonds Make Their Way to Asia: Diamond Standard Fund and InvestaX

This isn’t the first time we’ve covered tokenized diamonds, with Expobank’s offering in Russia back in November 2023 and Diamond Standard Fund’s offering via Oasis Pro back in late March, early April 2024. The latter of which can be accessed with pre-tax dollars and is eligible for endowments, pension funds, and retirement accounts such as an IRA.

Well Diamond Standard Fund didn’t want to stop there. The issuer and Oasis Pro are now working with InvestaX to bring tokenized diamonds to the APAC region - “home to active diamond markets such as Hong Kong, UAE, China, and Japan.”

According to the press release, in comparison to other precious metals diamonds don’t have as much investor ownership which is probably a result of little to no standardization and subjectivity when valuing these assets. The Fund is benchmarked to DIAMINDX Diamond Standard Index published by Bloomberg, which may be an intriguing opportunity for portfolio diversification and potential protection against inflation.

The Avalanche-issued fund is now available on InvestaX’s Singapore-licensed marketplace for qualified investors at a targeted $20M raise, open for registered interest. For US investors, the closed-end fund remains available on Oasis Pro at a $10K minimum.

This is not financial advice.

Companies of the Week

Herwig’s Pick: Chainlink

Kyle’s Pick: Blockstream

Find out why and more every Friday live at 1pm EST on LinkedIn or X/ Twitter. Past episodes available on Youtube or your favorite podcast platform! 

Reports

(NEW) 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.

(NEW) RWA Securities Market Update: May 2024

We're excited to release the May 2024 edition of our RWA Securities Market Update report, which now features benchmarks against the CoinDesk 20 Index (CD20)! In this month’s market report, we have meticulously tracked over 575 security tokens spanning across 35 marketplaces and 10 blockchains.

Sections include:

• Key Takeaways

• Quantitative Highlights

• Asset Class Breakdown

• On-Chain Liquidity Products

• Platform Spotlight

• New Tokens and Announcements

State of Security Tokens 2023 - Q4 Report

We are very excited to publish our State of Security Tokens 2023 - Q4 report with our client and sponsor Blue Water Financial Technologies . Peter Gaffney and the Security Token Advisors team cover the following topics:

• Key retail & institutional themes in the tokenization and real world assets space including:

  • Treasury, private credit, and real estate growth

  • Asset-Backed Securities (ABS) originations and securitizations

  • Investment banking platforms and digital bond placements

  • Global distribution channels & preferential jurisdictions

  • M&A and Investment Activity

• Secondary Trading Activity (40+ graphs and charts from Security Token Market)

• M&A and Investments

• 50+ Service Provider Updates

• Public and Private Blockchain Developments

This is not financial or investment advice.