Federal Reserve Explores Asset Tokenization and Risk-Weighted Assets: A Deep Dive
The Federal Reserve has recently published a comprehensive working paper that takes an in-depth look into asset tokenization and its correlation with Risk-Weighted Assets (RWA). In a continuously evolving financial landscape, these innovative financial instruments have been in the spotlight due to t ...
European Council Harmonizes Legislation on Crypto-Asset Market Regulation in the EU
On Tuesday, May 16, the European Council completed the procedure for harmonizing legislation on the regulation of the crypto-assets market in the EU. Finance ministers from the 27 countries that make up the European Union have unanimously supported the draft law on regula ...
Nigerian Federal Executive Council Endorses Plan for Digital Transformation and Blockchain Adoption
The Nigerian Federal Executive Council has adopted and endorsed a plan for the digital transformation of the national economy and called for the widespread adoption of blockchain. The Central Bank of Nigeria together with the SEC and the country's Ministry of Communicatio ...
Nigerian SEC Develops Pilot Program for Tokenized Assets Backed by Real Financial Instruments
The Securities and Exchange Commission (SEC) of Nigeria is developing a pilot program to turn around tokenized assets tied to the value of real financial instruments. Abdulkadir Abbas, head of securities and investment services at the Securities and Exchange Commission (SEC ...
US Federal Reserve Representative Acknowledges Blockchain’s Potential to Improve Payments Industry
During a recent speech in Sarasota, Christopher Waller, a representative of the board of directors of the US Federal Reserve System (FRS), praised the potential of blockchain technology and acknowledged its prospects for improving the payments industry. According to Waller, blockchain is a distri ...
Investment Bank Citi Predicts 80x Growth of Tokenized Assets Market by 2030
Citi investment bank analysts predict a significant growth in the tokenized assets market, with an estimated increase of 80 times by 2030, which could result in a total market value of $4 to $5 trillion. The findings are published in a report titled "Money, Tokens, and Games," which indicates tha ...