European Banks Form qivalis to Launch Euro-Pegged Stablecoin
A consortium of 10 major European banks has created a new company, qivalis, to develop a euro-based stablecoin aimed at strengthening Europe’s position in digital payments.
Tokenization - Page 24
Tokenization is the process of converting rights to an asset into a digital token on a blockchain. These tokens can represent various assets, including cryptocurrencies, real estate, equities, or commodities. The process involves issuing tokens that correspond to ownership or access rights, which can then be transferred or traded on blockchain networks. In crypto, tokenization enables fractional ownership, increased liquidity, and more efficient asset management. It also enhances transparency by recording transactions on an immutable ledger. Tokenization may face regulatory challenges and requires a secure infrastructure to ensure proper asset representation and compliance.
Latest Tokenization News
Kalshi Expands into Tokenized Contracts to Target Crypto Traders
Kalshi has launched tokenized versions of its event contracts on Solana as it aims to attract crypto-native traders and boost liquidity across its prediction markets.
HashKey Secures HKEX Approval as It Prepares for Planned $500 Million IPO
HashKey Holdings has cleared its Hong Kong Stock Exchange listing hearing, which will allow the company to advance plans for a potential $500 million initial public…
China Intensifies Policy Coordination to Curb Stablecoin and Crypto Payments
China’s central bank has opened high-level policy talks to strengthen enforcement against stablecoin and crypto payments amid the renewed trading activity.
South Korea Ties $36M Upbit Breach to North Korea’s Lazarus Group
South Korean authorities are investigating a possible connection between the recent $36 million hack of the Upbit crypto exchange and the North Korea-linked Lazarus Group.
KuCoin Pay Introduces Global Crypto Travel Platform with Entravel Partnership
KuCoin Pay has launched KuCoin Pay Travel in partnership with Entravel, creating a new global platform for crypto-based hotel bookings with discounts of up to 60%.
Grayscale Files with SEC to Convert Zcash Trust into First-Ever ZEC ETF
Grayscale Investments has filed a registration statement with the SEC to convert its Grayscale Zcash Trust (ZEC) into an exchange-traded fund (ETF).
Bitcoin Slips Below $95,000 as Tech and AI Stock Sell-off Sparks 4 Day Crypto Rout
Bitcoin fell under $95,000 amid a broad four-day decline triggered by heavy losses in AI and tech stocks, mounting macro pressures and thinning crypto-specific flows.
R25 Launches Yield-Bearing RWA Stablecoin Protocol on Polygon
R25 has launched its on-chain RWA stablecoin platform on Polygon, debuting rcUSD+, a yield-bearing, dollar-pegged token backed by money market funds and structured notes.
Calastone Taps Polygon to Launch Tokenized Fund Share Classes for 4,500 Institutions
Global funds network Calastone is rolling out tokenized fund share classes on Polygon’s Layer 2 infrastructure, enabling its network of 4,500 institutions across 58 markets to…