Your First Captivating Topic of the Week

💵 Ripple Launches RLUSD Stablecoin

Approved last week and launched yesterday, Ripple has officially brought their $RLUSD stablecoin to market and is available on XRP Ledger and Ethereum. This US dollar stablecoin was approved by the New York Department of Financial Services (NYDFS) and uses a limited purpose trust company charter.

We’re entering a new era from a regulatory perspective, meaning on-chain rails are necessary as different types of transactions become available via blockchain technology. Ripple is moving in at a great time and this approval is a reflection of the changing sentiment.

RLUSD is meant to help with payments, whether it be payment service providers, peer to peer remittance & money transfers, or enabling another stablecoin settlement option on exchanges. As more Ripple’s blockchain gets used more thanks to RLUSD, one would expect the native token, $XRP, to also grow in value (not financial advice). Of course, the more use cases the better.

From an institutional perspective, Ripple is positioning itself well with this charter, as is Paxos. This regulated structure will instill confidence in them in addition to their acquisition of Metaco over a year ago for custody. Aside from trading and settling RWAs and derivatives, stablecoins can also help in the foreign exchange (FX) markets to mitigate risk, especially as more assets get transacted on-chain, in a T+0 environment. The use cases keep on growing!

This is not financial advice.

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 🐘 !

Your Second Captivating Topic of the Week

🤝 Funding is Flowing: Avalanche, Inveniam, AgriDex, Exabits

Please enjoy an excerpt from this week’s Security Token Prime Insights email. If you like what you read, subscribe here:

Money has been flowing into the RWA sector this past week. Among other areas, a big one for Avalanche is tokenizing real world assets as they list in their press release for raising $250 million, led by Galaxy, Dragonfly, and ParaFi. This locked-token sale comes as Avalanche prepares for their Avalanche9000 upgrade, with their Retro9000 campaign active now.

Inveniam has been a pioneer in the space and has resurfaced in the headlines with AI firm G42 investing an undisclosed amount that brings them to $120 million in total raised. Inveniam focuses on bridging the gap between private market assets and their respective data using blockchain, as legacy systems are inefficient and won’t be able to support real time pricing - something critical as RWAs continue to tokenize.

AgriDex also raised this past week, with $4 million to back their agricultural commodities tokenization platform. Portal Ventures led this offering which was a mix of equity and $AGRI utility/ governance tokens, valuing AgriDex at $28.5M. The Solana-based platform is now looking to tokenize over $4.5B in pending trade commitments according to The Block.

Portal Ventures also led the previous round of this update: Exabits raised $15 million for their tokenized high-end GPU clusters platform, led by Hack VC. This would be able to make computing more investable, for which Exabits has been incubated at multiple institutions like Stanford Blockchain Accelerator and Berkeley Xcelerator. As AI adoption continues to grow, so will the need for compute resources and making them accessible as a security token makes sense, especially with a future where AI’s trade with each other via on-chain economies.

This is not financial advice.

Companies of the Week

Company of the Week - Herwig: Securitize
Company of the Week - Kyle: Akemona

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

TokenizeThis 2025

Security Token Market’s 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 year’s 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 you’re signed up for the waitlist on summit.stm.co.

Reports

(NEW) RWA Securities Market Update: November 2024

We're excited to release the November 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 733 security tokens spanning across 35 marketplaces and 10 blockchains.

Sections include:

• Key Takeaways

• Quantitative Highlights

• Asset Class Breakdown

• On-Chain Liquidity Products

• Platform Spotlight: Hashnote

• 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.