Presented By:

Goooood Afternoon, Rainmakers! ☀️

As always, we have two captivating topics for you to dive into:

1️⃣ 📱Updates on WisdomTree Prime: New Funds and Functionality

2️⃣ 🤝 Figure’s New Lending as a Service and First Customer: Guaranteed Rate

Without further ado, it's time to…

Get Liquid 💧

 A MESSAGE FROM REDSWAN

Discover RedSwan CRE, your passport to the $16T future of tokenized real-world assets. Offering privileged access to the world's largest digital real estate securities inventory, we're your route to owning fractional shares of premium real estate.

Our platform takes real estate transactions to new heights with fractional ownership, unmatched affordability, and 24/7 trading liquidity. With over $5B in tokenized real estate assets, RedSwan CRE leads the market under full FINRA compliance.

We provide early liquidity options, simplifying real estate investment. Our seasoned team, boasting 65 years of experience, pioneers innovative capital market solutions for the global real estate capital markets industry. Follow the RedSwan into the future of investment. The journey begins here.

📱Updates on WisdomTree Prime: New Funds and Functionality

While many of you were already What’s Drippin’ “Rainmakers” when WisdomTree rolled out their new app WisdomTree Prime 4 months ago, others were not. Regardless, here’s a link to that edition as a primer for this week’s updates coming from the team there!

During their Q3 earnings, CEO Jonathan Steinberg revealed that the firm plans to add a money market fund to WisdomTree Prime along with three WisdomTree Siegel-branded digital funds “where customers can deploy a model-like experience with just one click.” This adds to the current 9 funds offered plus gold and crypto offerings (BTC and ETH).

These additions will be model equity portfolios that use strategies from the existing Siegel-WisdomTree Longevity and Siegel-WisdomTree Global Equity model portfolios. It doesn’t stop there though, the app will also offer a WisdomTree Siegel Moderate Digital Fund. It’s clear that the WisdomTree team is continuously reiterating to serve the end investor, with retail investors kept in consideration.

Aside from new funds coming this quarter, the $94B asset manager will also include debit card connectivity and P2P functionality in future quarters.

The beauty about this app is that retail investors are using blockchain without even knowing it, it’s that user-friendly. The whole premise of tokenizing assets isn’t to make everyone create web3 wallets, it’s to use blockchain technology in the backend to streamline inefficiencies for issuers and service providers while providing additional value to the end investor.

What could be next? Considering the momentum with spot bitcoin ETFs and WisdomTree’s specialty in the ETF space, one could assume a spot bitcoin ETF available on the WisdomTree Prime app could very likely be in play for early 2024.

Want to learn more about WisdomTree as a whole and the app?
Check out the fireside chat we hosted with the company’s director of business development for digital assets, Maredith Sapp, at our TokenizeThis conference!

🤝 Figure’s New Lending-as-a-Service and First Customer: Guaranteed Rate

Figure has been known for their work in the home equity line of credit (HELOC) space, with their 2 AAA-rated securitizations in Q2 on Provenance Blockchain. One of them included Jefferies, Goldman Sachs, JP Morgan and BNY Mellon which was a blockchain-native securitization. Only months later and now Figure Lending is announcing their Lending-as-a-Service (LaaS) offering, supplementing their Q2 wholesale platform which Peter Gaffney reported can reduce loan approval timing from 5 days to just 5 minutes in his State of Security Tokens - Q2 report.

As a proven HELOC system and product offering, lenders will now have the ability to leverage it and originate their own HELOCs based on their terms, pricing parameters, and fulfillment requirements - a testament to the trust they’ve built as their Head of Lending Jackie Frommer puts it. This news comes with an impressive $1B in originations during Q3!

Who’s likely to use it?

Great question! Figure already has its first user and it’s none other than lending giant Guaranteed Rate which has previously used Figure Lending’s services before. Other past clients include Movement Mortgage and Homebridge which we’d expect to see also explore using LaaS.

💦 What else is Drippin’

The NEW Security Token Show

Have you watched the Security Token Show this week? You’ll notice a new format! We’re going digital, enabling us to include more team members with different perspectives, new segments, and after much demand… Special guests!

That’s right! If you have an announcement or update for your tokenization platform, offering, or other please reach out to me at [email protected].

Want to provide commentary on any given week’s news? Keep an eye out, I may reach out to you. Topics will be posted on the STA Success Network where members will have priority placement so make sure to join if you aren’t a member already!

Powers Hour - Breaking Down SBF’s Trial

Did you follow Sam Bankman-Fried's trial? Marc Powers did! Come join us for a conversation around how the trial went and answer any of your questions around defense strategy, witness testimony, etc.

Marc Powers is a law professor at Florida International University and a retired SEC Enforcement Chief - someone well positioned to help us talk through this trial!

This event is for members of the STA Success Network professional plan.

State of Security Tokens 2023 - Q2 Report

The Security Token Advisors State of Security Tokens 2023 - Q2 report is brought to you by Coinbase!

Our Head of Research and Institutional, Peter Gaffney, dives deep with updates from across the industry, from issuers to platforms to protocols.

This edition covers:

• Key institutional tokenization initiatives

• Digital tailwinds in Private Equity, Private Credit, and Commercial Real Estate

• Secondary Trading Activity

• M&A and Investments

• 40+ Service Provider Updates

• Public and Private Blockchain Developments

Take a read for analysis on common themes emerging for both primary and secondary markets!

This is not financial or investment advice.

📣 Advertise with us!

Do you want your company or project in front of the largest, most curated security token audience on the planet?

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.