tokenization

Financial Giant State Street Launches Digital Finance Division – Unit’s Focus Aimed at Crypto and Defi

<div class=”featured_image_container”> </div> <strong>On Thursday, the Boston-based financial services and bank holding company State Street Corporation announced the launch of a division dedicated to cryptocurrencies, the digital economy, and decentralized finance (defi).</strong> State Street Invokes New Division Dedicated to Crypto, Blockchain, and Defi The financial services company State Street (NYSE: STT) offers a wide array …

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Selling Social Media Posts for $1.5 Million? Blockchain-Certified Tweet Sales Spark NFT Controversy

<div class=”featured_image_container”> </div> <strong>The cryptocurrency community is in a tizzy this weekend after the founder of Twitter, Jack Dorsey, tweeted about a new application that allows people to purchase tweets with ethereum. The application is called Valuables and it allows individuals to purchase a digital certificate of the tweet, which is signed and verified by …

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Blockchain Firm Labs Group Taps Enjin to Tokenize Real Estate Assets

<div class=”featured_image_container”> </div> <strong>The year has started with a batch of announcements regarding tokenization in various sectors. On this occasion, a blockchain gaming platform announced its collaboration with Labs Group to issue non-fungible tokens (NFTs) of real estate assets.</strong> Global Real Estate Market Is Valued at $228 Trillion According to the announcement, the blockchain real …

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Swiss Companies Issue First Tokenized Asset for Trading Under New National Blockchain Rules

<div class=”featured_image_container”> </div> <strong>New legal provisions on distributed ledger technology (DLT) went into effect on Feb. 1 in Switzerland. After the implementation, two local companies announced that they had issued the first tokenized asset under the brand-new law.</strong> ‘Fine Wine’ Token Is Available for Sygnum Bank’s Clients Per the announcement, Swiss digital asset bank Sygnum …

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Blockchain Platform to Set up a Tokenization Solution for Argentinean Farmers as Peso Keeps Plummeting

<div class=”featured_image_container”> </div> <strong>With Argentineans facing rising inflation to near 40%, solutions appear to contain the impact on national farmers. A business blockchain platform is partnering with a peer-to-peer (P2P) marketplace to launch a program to tokenize Argentina’s agriculture.</strong> More Than 40% of the World’s Soybean Oil and Soy-Meal Production Comes From Argentina According to …

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Major Producer Nornickel Issues Its First Metal Contract-Backed Digital Coins

<div class=”featured_image_container”> </div> <strong>One of the world’s biggest palladium producers, based in Russia, announced that it’s starting the first stage of issuing blockchain-powered tokens to its industrial partners Traxys and Umicore.</strong> Palladium Producer Giant Issues Its First Blockchain-Powered Tokens According to the announcement, Norilsk Nickel (known as Nornickel) said the issuance of the digital coins …

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The Genesis of BCH Tokenization: Over 10,000 SLP Tokens Built on Bitcoin Cash

This week Bitcoin Cash fans have been discussing the milestone of over 10,000 Simple Ledger Protocol (SLP) tokens created since the infrastructure was first introduced. Moreover, tokens built on Bitcoin Cash are nearing 1 million transactions to-date. Bitcoin Cash (BCH) community members have noticed there are now 10,679 SLP tokens created since the Simple Ledger …

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Wave Financial Wins First Round of Investment for Whiskey Fund Ahead of Tokenization

Investment management firm Wave Financial said Friday it has received its first round of investment from clients, and has purchased a 1,000 barrels of Kentucky whiskey it plans to tokenize for prospective investors.  According to a press statement emailed to CoinDesk, Wave Financial purchased the whiskey from the Wilderness Trail Distillery of Danville, Ky., and …

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A New Attempt to Tokenize Real Estate Projects in Mexico and Canada

MountX Real Estate Capital has licensed transfer agent Vertalo to design and launch tokens for at least 15 digital real estate projects in Mexico and Canada through 2020 and early 2021, the firms announced last week.  According to a press statement, this is the third of four planned deals by Vertalo’s real estate division (VRE), …

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