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Your First Captivating Topic of the Week

🇸🇬 Wellington Treasury Fund Tokenizes on Libeara

It’s been a year since Standard Chartered’s SC Ventures incubated their Libeara tokenization platform and we’re seeing it being put to good use. First, Libeara tokenized FundBridge Capital’s SGD Delta Fund (Moody’s rated Aa, webinar here) and now they’re tokenizing another fund from the same issuer, with Wellington acting as the sub-manager.

The Delta Wellington Ultra Short Treasury On-Chain Fund (referred to as the “ULTRA Fund”) will be first available on Ethereum via the Singapore-based platform, with expansion plans for Arbitrum, Avalanche, and Solana. Issuing on multiple chains is becoming increasingly popular as Nomura’s Libre platform (I know… slightly confusing) has also shown with their tokenized Hamilton Lane credit fund, Brevan Howard Master Fund and Blackrock ICS Money Market Fund.

Why tokenize a fund? Transferability alone is an answer, especially as fund units continue being embraced as collateral like we’ve seen with BUIDL.

So what’s next?

Great question! According to Ledger Insights, Mountain Protocol’s USDM is considering allocating into the ULTRA Fund and Ondo may become a partner for their intraday redemption mechanism.

At the end of the day, treasury funds generally give you similar exposure and as tokenized liquidity products continue to come to market, it will be more difficult to stand out. The more partnerships and utility Libeara can bring to this and future funds, the bigger the value proposition AKA allocations into the fund.

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

🇪🇸 Pilot: BBVA’s Fixed-Income Fund Tokenized on Allfunds

Shifting from Singapore and on over to Spain, we just learned about BBVA Asset Management’s latest onchain activity. They will be issuing their “BBVA Token Renta Fija Corto Plazo” fund within a Spanish sandbox. The name translates to mean it’s a fixed-income, short-term fund, which will be tokenized on Allfunds’ private Ethereum-based blockchain.

Thanks to the sandbox, only BBVA employees will be able to invest which I consider quite the perk - imagine first dibs on something your employer is working on!

For context on Allfunds, the European fund admin has €1.4 trillion in assets under administration and a distribution channel consisting of over 3,000 fund groups & almost 900 distributor contracts… no small amount on any account.

Aside from tokenizing assets, they also have their FAST transfer solution which enables immediate transfer and settlement of assets and data among supported parties (clients, partners, service providers, etc.). The momentum is strong here and Allfunds has already seen firms like BNP Paribas and Santander work to integrate Allfunds Blockchain and its FAST solution for improved servicing.

Continue keeping an eye on tokenized funds, there are so many reasons for them to come on-chain and it’s not just for the treasury funds, but for others as well!

This is not financial advice.

Companies of the Week

Herwig’s Pick: Centrifuge

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: September 2024

We're excited to release the September 2024 edition of our RWA Securities Market Update report, brought to you by INX, which features benchmarks against the CoinDesk 20 Index (CD20)! In this month’s market report, we have meticulously tracked 649 security tokens spanning across 35 marketplaces and 10 blockchains.

Sections include:

• Key Takeaways

• Quantitative Highlights

• Asset Class Breakdown

• On-Chain Liquidity Products

• Platform Spotlight: INX

• 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.