Weekly Update: 09 November 2023
1) Hong Kong will allow some tokenized securities-related activities [CoinDesk]
– Hong Kong’s SFC allows primary dealing of tokenized investments, strengthening the city’s virtual asset hub status with new regulations and granted crypto trading licenses.
2) U.S. banking watchdog Hsu says tokenization promising, but crypto full of fraud [CoinDesk]
– Michael Hsu, the acting chief of the U.S Office of the Comptroller of the Currency that oversees banks, is excited about the possibilities of tokenization to solve settlement problems.
3) Hong Kong now considering spot crypto ETFs for retail investors: Bloomberg [CoinDesk]
– The move comes a month after authorities in the City updated financial regulations to allow for retail investors to buy spot crypto ETFs.
4) HSBC adds fuel to tokenization fire with gold-focused offering [Blockworks]
– London-based financial giant “seeing appetite for tokenization solutions that can maintain a link to specific real-world use cases,” executive says.
5) Klaytn plans to explore ship-asset tokenization with Korindo, NEOPIN [The Block]
– The Kakao-backed Layer 1 blockchain network plans to explore tokenization practices with a shipping unit of Korindo, an Indonesian conglomerate.
6) ProShares launches first short ether futures ETF for bearish traders [The Block]
– ProShares debuts SETH, the first short ether-linked futures ETF, allowing traders to profit from falling ether prices and expanding their crypto ETF portfolio.
7) Unlocking London high-end real estate: CitaDAO completes 5 West Halkin Street tokenisation [Newswire]
– CitaDAO tokenizes prestigious London property, 5 West Halkin Street, for US$4,284,000, showcasing blockchain’s potential in real estate and solidifying its leading position in the sector.
8) U.S. Treasuries Spearhead Tokenization Boom [CoinDesk]
– Driven by favorable macro conditions and increased willingness among traders to dive into real-world assets, the market for tokenized debt is flying.
