💰 Billion Dollar Funds and Buyouts

10-figure deals are becoming more common in tokenization. Our friends at Zoniqx are working with Aurum to launch a $1 billion tokenized fund for data center investments on XRP Ledger. 💥

Add in Stripe recently paying $1.1 billion for the stablecoin platform Bridge, and the trend toward big money moving in is clear. 🔍

🎯🔥 Rapid Fire Takeaways:

⭐ 48% Of Swiss Banks Are Planning Or Already Engaging In Tokenization

🤨 ECB: The distributional consequences of Bitcoin

🏁 Clearstream’s digital securities platform D7 reaches €10 billion milestone

💰 Aurum Launches $1B Tokenized Fund for Data Center Investments on XRP Ledger With Zoniqx

🤝 Stripe Acquires Stablecoin Platform Bridge in Record $1.1 Billion Deal

🤖 Brazil tests DeFi elements, compatibility in Drex CBDC pilot

🎫 ANZ explores stablecoin to track pension payments

The trend towards larger deals is supported by some of the world's most well-recognized multinational entities. 👍

The BIS recently stated that it’s time for the private sector to embrace change, including digital ledger technology… can we at least agree it’s time to phase out fax machines? 💻

✌️ Part Deux? 

RWA Day was so much fun that we’re already planning the next one! 😉

If you missed the wildly positive feedback from attendees and sponsors, check our recent wrap-up Space on WolfWeb3! Our friends at MARA, Moonbeam, and more all had great things to say. 👏

Regular readers will enjoy premium discounts and exclusive early access, so keep an eye out! 👁️

🤗 TradFi Embracing Tokenization

TradFi is increasingly hopping on board the tokenization train, with L&G, a massive $1.5 trillion AUM pension company in the UK, exploring tokenizing its assets. According to a report from the University of St. Gallen, 48% of Swiss banks are either planning or already engaged in asset tokenization, with 64% already involved in crypto trading and custody. 📈 

Source: University of St Gallen

With trends like this, large sovereign entities are getting wary. The BIS’ new report outlines potential tokenization benefits and risks for G20 central banks, urging caution. The ECB issued its own highly controversial report, claiming that as Bitcoin’s price skyrockets, redistribution from early holders might be a wise move… curiously, there’s no mention of central bank mismanagement in the paper. ⚖️

🏢 Institutional Infra and Services

Despite the murmurings of sovereigns, private sector players aren’t folding. Quite the opposite – DBS bank out of Singapore kicked off a new suite of tokenized banking services for its institutional clients, and Clearstream’s D7 platform just hit the €10 billion milestone. 🚀

On-chain native entities are also ramping up. Chainlink launched private blockchain transactions for institutions this week, and Centrifuge integrated with Fireblocks for RWA custody solutions. Zodia Custody also courted Galaxy Digital as the first client for its new unified wallets in another move towards modularity and turnkey institutional access. 🚪

📊 Stablecoins Dominating

Naturally, the digital asset category with the best product-market fit so far, stablecoins, continues to pull ahead. Paxos launched its new stablecoin platform, while ANZ revealed that it's now using stablecoins to track pension payments. While the elderly may not understand the nuance of distributed ledger settlements, they’ll likely appreciate the efficiencies. 🧓

Siam Commercial Bank also launched its stablecoin for cross-border payments! And speaking of nuance, Ripple named the exchange partners for its upcoming RLUSD stablecoin as it waits on NYDFS approval… which may come quickly. Fed Governor Waller recently came out as quite supportive of tokenization and stablecoins. 👀

⚙️ Partnerships and Innovation

What’s tokenization without collaboration? SDX and Rulematch recently partnered on institutional crypto trading and custody, while iShang partnered with 3Business on a Web3 coupon solution. Euroclear also took a more direct approach, acquiring a strategic stake in Singapore-based Marketnode, while Komainu bought Propine outright. 🤝

Innovation is also unceasing, with Brazil testing DeFi components for its CBDC pilot. In a bit of an ironic twist, Bitcoin, often heralded as digital gold, now has tokenized gold settling on its ledger, while Swift could potentially integrate mBridge for its cross-border CBDCs. 🌉

🔭 Future of Finance in Full Focus

That wraps it up for this week! 

Make sure to follow RWA World on social media to keep up with the latest in tokenized assets. 

Keep building the future of finance, and we’ll keep bringing you the best of the best.