🆕 New Regime, New All-Time Highs

The election is over, but the real news is that Bitcoin is officially ripping to new all-time highs. 🚀

The crazy part? Google searches for Bitcoin are at four-year lows. When retail wakes up, things are going to get interesting. 😳

🎯🔥 Rapid Fire Takeaways:

📣 MAS Announces Plans to Support Commercialisation of Asset Tokenisation

🌐 Swift, Chainlink wrap tokenization pilot

🤝 Digital asset exchanges from six Asian countries form alliance

🔍 Robert Leshner's Superstate introduces real-time 'continuous pricing' for USTB tokenized Treasurys fund

💰 New Global Dollar Stablecoin Backed by Robinhood, Kraken, Paxos and Other Crypto Heavies

🧱 Brickken collaborates with BNB Chain as provider for Real World Asset tokenization

🐉 Huawei mobile OS Harmony embeds digital yuan so don’t need CBDC app

While retail stirs, institutions are hard at work. JP Morgan gave its Onyx platform a new name – Kinexys. 📛

Others, like UBS, are just dipping their toes into tokenization waters – they have a new tokenized money market fund on Ethereum called uMINT. They see a big appetite in the tokenized fund space, so the move makes sense. 🍽️

🛡️ Singapore and Project Guardian 

Despite the new boss in the White House, the United States isn’t pulling ahead in the asset tokenization race. That would be Singapore, whose Monetary Authority just announced plans to further support the commercialization of asset tokenization by expanding Project Guardian. We’ve written about Project Guardian several times before, and this move is already bearing fruit. 🍇

Just this week, under Project Guardian, SBI Digital Markets revealed a framework for the cross-border distribution of tokenized securities, while Citi and Fidelity International showed off their tokenized money market fund. ADDX and ANZ used the project to pilot tokenized commercial paper with Chainlink’s tech, and Euroclear and HSBC announced that they’re joining the GL1 public permissioned blockchain initiative. 💥

That’s not a bad week for a city-state half the size of Rhode Island. 🏙️

🚆 Payment Rails and Institutional Collaboration

Speaking of Chainlink, they recently wrapped up their tokenization pilot with Swift, having shown how funds can be moved on DLT. Standard Chartered and Ant International are collaborating for a similar reason, exploring blockchain-based SGD settlements. Payments are on everyone’s menu this week, with Citigroup and Fidelity International also working on real-time FX swaps. 💱

Collaboration is also a prominent feature of asset tokenization—testing the waters alone is a taller order than working together. It's no surprise that digital asset exchanges from six Asian countries have formed the Asia Digital Asset Exchange Alliance in Busan. That, and StratisX, Alipay+, and GrabPay are all going live with a payment system powered by Avalance in a multi-corporate collaboration. 🧑‍🤝‍🧑

Add a partnership between Emirates NBD, Nium, and Partior, and everyone is working together! Tons of new friends to use HKEX’s new DLT-based ETP platform and buy up the City of Lugano’s third round of tokenized bonds issued via SDX. 😀

📊 Investment Products Get Tokenized 

More things than ever are now backed by blockchain. Some Abu Dhabi firms recently launched a fund for tokenized US Treasury ETFs, while Securitize launched its fund services platform for RWAs. Some are taking it even further – BNB Chain launched a full-blown no-code RWA tokenization service, and Brickken is working with them to provide RWA tokenization solutions. ⚒️

But what good is a token if nobody knows about it? Assetera, Republic, and SquadApp are collaborating on the marketing and distribution of real-world tokens to help solve that issue. They’ll have a lot to market. Ozean and Helix are partnering to tokenize private credit, and our friends at Superstate are making some massive moves. The USTB fund now has continuous pricing – a first for a tokenized treasury fund! Great job, Robert and team! 👏

🚀 Market Movements and New All-Time Highs

Not all developments in tokenization are positive. OpenEden’s TVL dropped by $30 million following some pretty gross allegations – co-founder Eugene Ng allegedly spiked a woman’s drink in Hong Kong. Horrific and deplorable if true. 😧

On a lighter note, Huawai’s OS is natively embedding the digital yuan, so no CBDC app is required. Usage of stablecoins in the UAE is also up by 55% year over year, showing the growing adoption of the tech. According to on-chain data, BlackRock’s BUIDL is also expanding to Avalanche, suggesting further moves for stablecoins and Treasuries. 📜

Everyone wants a slice of the pie, including Robinhood, Kraken, and Paxos, which are all collaborating on a new stablecoin, USDG. Some are joining forces to do it, like SingularityDAO, which is merging with SelfKey and our friends at Cogito Finance. Some jurisdictions are just starting to play with the idea, like Serbia, which recently approved a solar plant for tokenization. 🤹

🎆 A Big Finale Ahead

With Bitcoin's new all-time highs, the incoming president of the United States seemingly accommodating stance toward digital assets, and tokenization ramping up by the day, 2024 should go out with a bang. 

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