Centrifuge, the platform for onchain finance, has announced a strategic investment from Web3 Foundation, known for stewarding Polkadot. Web3 Foundation will invest part of its treasury into real-world assets (RWAs) via Centrifuge, beginning with a $1 million pilot investment. This initiative aligns with Web3 Foundation’s strategic mission to promote Web3 projects through funding, advocacy, and […]
The International Monetary Fund (IMF), the World Bank, the Bank for International Settlements (BIS), and Switzerland’s central bank have joined forces to explore the concept of tokenization. The collaboration aims to leverage tokenization technology to streamline financial processes and enhance global economic development. Tokenization involves converting traditional financial assets into unique digital tokens, enabling faster […]
UBS, SBI, and DBS have achieved a groundbreaking milestone by conducting the world’s first live repurchase transaction (repo) with a natively-issued digital bond on a public blockchain. This revolutionary transaction automatically and instantly settled a repo, digital bond purchase, and redemption using regulated digital payment tokens across entities in Japan, Singapore, and Switzerland. Part of […]
