Weekly Update: 18 Apr 2024
1) After crypto ETF movement in Hong Kong, other Asia regulators could act [Blockworks]
– Regulators in South Korea, Japan and Singapore could follow Hong Kong’s lead as Asia responds to spot bitcoin ETF approval in the US.
2) UK to issue new crypto, stablecoin legislation by July, Minister says [CoinDesk]
– The country passed a landmark bill in June 2023 that laid the foundation for stablecoins and other crypto to be treated as regulated financial activities.
3) Bitcoin ETF snapshot: Outflows strike last week as BTC price uptrend stalls [Blockworks]
– The US spot bitcoin fund category has notched negative net flows over the course of a week just three times since coming to market in January.
4) Bitfinex securities launches El Salvador’s first tokenized debt for Hilton Hotel development [Blockchain News]
– Bitfinex Securities, the first licensed digital asset provider in El Salvador, is launching its inaugural tokenized asset raise on the Bitcoin layer 2 Liquid Network to fund a new Hilton hotel complex at El Salvador International Airport.
5) Circle debuts way to trade BlackRock tokenized fund shares for USDC [Blockworks]
– Circle’s new smart contract to allow holders of BlackRock USD Institutional Digital Liquidity Fund to redeem shares for its stablecoin.
6) DWF Labs renews collaboration with DMCC to propel MENA blockchain ecosystem forward [Blockchain News]
– DWF Labs, a leading research organization, has announced the renewal of its partnership with DMCC, the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise. This collaboration aims to drive innovation and growth within the MENA region’s blockchain ecosystem, with a focus on supporting early-stage startups and providing access to global venture capital.
7) Homium raises $10M and tokenizes home equity loans on Avalanche [CoinDesk]
– The loans are currently live in Colorado and plan to extend to other states.
8) Max Boonen’s PV01 tokenizes $5M Treasury Bill, plans to look at corporate bonds [CoinDesk]
– The company aims to bring corporate bonds to blockchain rails, which could have averted a similar credit meltdown to what happened in crypto in 2022, CEO and co-founder Max Boonen said in an interview.
