Lưu trữ cho từ khóa: digital tokens

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WisdomTree launches platform for real-world tokenized assets

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WisdomTree has introduced a new platform called WisdomTree Connect to give users access to tokenized real-world assets. 

The platform aims to make tokenized assets more accessible to businesses and institutional users, allowing them to integrate traditional financial products with DeFi systems, according to a press release from WisdomTree.

Tokenization refers to the process of turning traditional assets, like money market funds, into digital tokens that can be used on blockchain networks.

The new platform enables users to buy and hold WisdomTree digital funds in their own digital wallets, which can either be self-hosted or managed by a third party. For businesses and financial institutions, the platform provides a way to streamline transactions that would normally require multiple steps, such as converting crypto into traditional fiat money to buy financial products. 

WisdomTree Connect will address this by allowing firms to purchase yield-generating products directly using blockchain technology, eliminating several steps.

For instance, businesses using stablecoins — crypto designed to maintain a stable value—will be able to buy products like the WisdomTree Government Money Market Digital Fund without needing to leave the blockchain ecosystem.

In July, Jonathan Steinberg, CEO of WisdomTree, expressed confidence that cryptocurrency adoption would accelerate with increased regulatory clarity. He also predicted that crypto would become mainstream as an asset class amid trends such as tokenization.

WisdomTree Connect availability 

WisdomTree Connect will initially be available through a web portal and API, according to the release, with plans to expand how users interact with the platform. The platform will support transactions in U.S. dollars and the USDC (USDC) stablecoin, which is pegged to the U.S. dollar. This feature adds flexibility for users who need to convert between fiat currency and crypto.

Tokens on the platform will initially be minted on the Ethereum (ETH) blockchain, with additional blockchains to be supported later. WisdomTree’s new infrastructure is designed to offer businesses and institutions a secure, on-chain way to access traditional financial products, bridging the gap between decentralized and traditional finance.

In March, WisdomTree received approval from the NYDFS to operate as a limited liability trust company, allowing it to offer crypto services such as stablecoin issuance and reserves management. 

The firm also launched its WisdomTree Prime app and continues its efforts to advance tokenized asset management and a spot Bitcoin ETF after previous rejections by the SEC.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Altcoin

Global volatility slows Bitcoin, but Ethereum could surge: report

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Per a recent Copper Research report, Bitcoin’s price movement has been stagnated by global events, and Ethereum’s limiting supply could lead to a price surge. 

The latest issue of Copper Research’s “Opening Bell” report highlights that despite Bitcoin’s (BTC) resilience against the German government’s sale of 40,000 coins, overall market conditions have been challenging, erasing gains made since Bitcoin’s all-time high in March.

The report suggests that Bitcoin has little buying activity due to heightened market volatility driven by a series of global events. These events include the U.S. election, UK riots, Middle East tensions, and shifts in Japanese central bank policy.

Initially, market participants bought the dip during the German sell-off, but the report contends that recent market volatility has reduced interest in risk assets, resulting in minimal buying activity for Bitcoin. 

Considering the unexpected supply from Germany, the markets effectively show no net additions. Since Bitcoin’s peak in March, ETFs have only added 40,000 coins, and prices are currently trading within the same range observed during the German sell-off, according to the report.

Ethereum’s surge at the end of the year

Ethereum’s (ETH) supply dynamics are also under scrutiny, as Layer-2 adoption has returned the asset to an inflationary state since mid-April. However, a significant portion of ETH is being locked into smart contracts.

This limited supply could potentially reduce the circulating supply and create upward price pressure by the year-end.

Source: Copper Research

As of Aug. 12, 66% of Ethereum addresses are in profit, with ETH trading just above $2,600. This is an increase from last week when only 63% were profitable. 

However, this is still lower than the 75% in profit when ETH was above $3,159 earlier in the month, with 3.59 million addresses needing a price rise to between $2,679 and $2,755 to turn profitable.

Surge in tokenized assets 

The report also noted that tokenized assets are experiencing remarkable growth, with blockchains adding over $1 billion in tokenized government products this year.

McKinsey recently projected the market value of tokenized real-world assets could reach up to $4 trillion by 2030, driven by factors like mutual funds and bonds. 

BlackRock’s BUIDL product has contributed to over half of this increase, signaling strong market momentum. Other products, including Franklin Templeton’s BENJI 0.6 and Ondo Finance’s USDY and USDG, are also gaining significant traction.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News