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Your First Captivating Topic of the Week

👀 Is the Trump Family Coming On-Chain?

This is an interesting topic considering it’s The Year of the RWA and an election year in the US. X/ Twitter users have gone down a rabbit hole, revealing that Donald Trump’s sons may be looking at blockchain, real world assets, DeFi, etc with Steve Witkoff (real estate magnate).

So the former President sings bitcoin’s praises at Nashville 2024, the eldest brothers start tweeting about crypto and DeFi, and then there’s this:

#BeDeFiant

According to the US Patent and Trademark Office, the “BE DEFIANT™ trademark registration is intended to cover the category of providing financial information in the field of cryptocurrency.” This is connected to other trademarks with similar descriptions: World Liberty and World Liberty Financial.

Tokenized real estate is a safe assumption as that’s the market both the Trumps and Witkoff specialize in, however “financial information” has me intrigued… 👀 

Could it be a news platform for RWAs? Could it be financial sevices? The filing does say under Primary US Classes: Miscellaneous, Advertising and Business, Insurance and Financial.

We’ll have to find out but in the meantime, let us know your thoughts and best guesses!

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

📈 STM’s July RWA Market Update

The Security Token Market Data Team would like to share an excerpt from the Equity section of our July 2024 monthly report. 

• Market Cap: $17,317,364,159 (0.95% MoM)

• Volume: $2,900,122 (-39.24% MoM)

CoinDesk 20 Index Benchmark: Equities experienced a slight decline in performance in July 2024 which isn’t too surprising, looking at public markets. With that in mind, crypto did a bit better but not by much. August, however, is expected to have some movement depending on how markets react to the beginning of the month’s events. 

Insights: The market cap has held steady since last month, however trading activity has taken a step back by almost 40%. A top contributor to Aktionariat’s volume is Vidby however that has changed, ultimately dropping Aktionariat’s volume from ~$389K to just ~$200K in July 2024. 

A similar scenario has been noticed for Realio Security Token ($RST), dropping to $462K from June’s $2M in volume which was impressive as that was near Enegra’s ($EGX) volume despite RST’s much smaller market cap. 

Looking at market cap movements, to no surprise they’re mostly steady. tZERO equity tokens are a bit down in market cap while EGX saw a “relatively small” increase in market cap of $200M with a similar $2M volume to last month.

This is not financial advice.

Companies of the Week

Herwig’s Pick: Franklin Templeton

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) 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!

(NEW) RWA Securities Market Update: July 2024

We're excited to release the July 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 over 600 security tokens spanning across 35 marketplaces and 10 blockchains.

Sections include:

• Key Takeaways

• Quantitative Highlights

• Asset Class Breakdown

• On-Chain Liquidity Products

• Platform Spotlight: Blockstream

• New Tokens and Announcements

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.