Fidelity, State Street, and More Prepare to Launch Tokenized Money Market Funds - Security Token Show: Episode 256

Tune in to this episode of the Security Token Show where this week Herwig Konings and Kyle Sonlin cover the industry leading headlines and market movements, including Fidelity, State Street, and more preparing their money market funds!

Company of the Week - Herwig: Ethena

Company of the Week - Kyle: Anduro

 

 = Stay in touch via our Social Media =

Kyle: https://www.linkedin.com/in/kylesonlin/ 

Herwig: https://www.linkedin.com/in/herwigkonings/

Nico: https://www.linkedin.com/in/nicopantelis/ 

Jason: https://www.linkedin.com/in/jasonbarraza/ 

Opinion articles, interviews, and more: https://medium.com/security-token-group 

Find the video edition of this episode on our Youtube Channel: https://www.youtube.com/@stmtvofficial 

 

The Market Movements

 

1. $4 Trillion+ State Street to Launch Tokenized Money Market Fund: https://cardanofeed.com/state-street-push-into-tokenization-to-modernize-finance-910

 

2. Fidelity Prepares to Join Tokenized Money Market Fund Without a Blockchain: https://www.theinformation.com/articles/fidelity-plans-first-fund-that-may-use-blockchain

 

3. First French Tokenized Money Market Fund Using a Public Blockchain: https://www.marketsmedia.com/first-ucits-money-market-fund-tokenised-on-public-blockchain/

 

4. WisdomTree Prime Debit Card Now Also Funded by Money Market Fund: Earn-Until-You-Spend: https://www.businesswire.com/news/home/20241009422564/en/WisdomTree-Prime%C2%AE-Unveils-New-Earn-Until-You-Spend-Functionality-with-Money-Market-Fund

 

5. Marathon’s Anduro Tokenizes Whiskey: https://www.coindesk.com/business/2024/10/07/bitcoin-miner-marathons-anduro-unveils-tokenization-platform-starts-with-whiskey/

 

6. SALCO Acquires $9 Million $GEMS from Limitless: https://markets.businessinsider.com/news/stocks/salco-acquires-usd-9-million-of-limitless-gems-leveraging-everest-s-ecosystem-of-custody-tokenization-infrastructure-1033829413

 

7. SteelCoin Becomes First Security Token on Crypto Exchange Bitpanda: https://www.bitpanda.com/en/prices/security-tokens/steelcoin-steel

 

8. Estate Protocol Launches New Property in Dubai Marina: https://www.estateprotocol.com/property/dubaiep9A

 

9. Sphinx and Truflation Partner for RWA Perpetuals: https://www.coinspeaker.com/truflation-power-sphinx-defi-rwa/

 

10. Ethena Announces $46M Reserve Fund Allocations: BlackRock, Mountain Protocol, Superstate, Sky: https://crypto.news/ethena-to-invest-46m-reserve-fund-in-tokenized-assets/

 

11. Archax and Assetera to Offer Tokenized Assets in Respective Jurisdictions: https://cointelegraph.com/news/archax-assetera-partnership-tokenized-funds

 

12. ABN AMRO Taps Clearstream for Tokenized Commercial Paper: https://www.linkedin.com/posts/martijn-siebrand_blockchain-cbdc-digitalassets-activity-7249002872795783168-zZMO

 

13. More Tokenized Bonds on Public Blockchain From ECB Trials: https://www.ledgerinsights.com/ecb-dlt-settlement-trials-helabas-wibank-issues-registered-bond-on-public-blockchain/

 

The Token Debrief

1. Ripple Custody Platform Adds Tokenization, DEX, and Compliance Features for Institutions and FinTechs: https://financefeeds.com/ripple-adds-tokenization-features-for-banks-and-fintech-firms/

 

2. Hex Trust and Clearpool Launch RWA-Focused Blockchain, Powered by USDX Stablecoin/ Gas Token: https://thefintechtimes.com/hex-trust-and-clearpool-launch-ozean-a-new-blockchain-for-real-world-asset-yield/

 

3. Brevan Howard Digital Integrates JPM Coin for Cross-Border Payments: https://www.ledgerinsights.com/brevan-howard-digital-starts-using-jp-morgans-jpm-coin-for-dlt-payments/

 

4. Xalts Integrates Polygon for RWA Cloud Tokenization Platform: https://www.globenewswire.com/news-release/2024/10/08/2959400/0/en/Xalts-onboards-Polygon-on-its-enterprise-grade-RWA-tokenization-platform-for-financial-institutions.html

 

5. Bankhaus Scheich’s Tradias is Awarded BaFin Trading License, Closes Series A: https://www.ledgerinsights.com/tradias-bankhaus-scheichs-digital-asset-arm-lands-bafin-license-series-a/

 

6. FCX Receives Two Licenses from Australian Regulators to Operate Tokenized Securities Exchange:  https://www.cointrust.com/market-news/fcx-secures-licenses-for-blockchain-based-unlisted-securities-exchange

 

7. Coinbase to Delist Stablecoins Without E-Money License in EU by December: https://www.coindesk.com/policy/2024/10/04/coinbase-to-delist-unauthorized-stablecoins-in-eu-by-december/

 

8. Brazilian Central Bank to Expand Drex CBDC for DeFi and Tokenization: https://coingeek.com/brazil-explores-tokenization-defi-with-drex-cbdc/

 

9. Littio Migrates from Ethereum to Avalanche for RWA Yield Pots’ Scalability: https://www.coindesk.com/business/2024/10/09/latam-bank-littio-ditches-ethereum-for-avalanche-as-demand-for-rwa-vaults-grows/

 

10. ECB’s Piero Cipollone Proposes European Continental Ledger: https://cointelegraph.com/news/ecb-unified-blockchain-ledger-digital-assets-europe

= Check out our Companies =

Security Token Group: http://securitytokengroup.com/  

Security Token Advisors: http://www.securitytokenadvisors.com/  

Security Token Market: https://stm.co 

InvestReady: https://www.investready.com

 

⏰ TABLE OF CONTENTS ⏰

0:16 Introduction

1:27 Market Movements

26:51 The Token Debrief

38:32 Companies of The Week: Ethena and Anduro