#Asset & fund management industries singapore
Explore tagged Tumblr posts
Text
In a significant move poised to bolster asset tokenisation within the financial sector, the Monetary Authority of Singapore (MAS) recently unveiled a multifaceted initiative focusing on establishing a robust framework for digital assets. This advancement aims to improve infrastructure limitations and enhance liquidity, addressing key barriers that have hindered the widespread adoption of tokenisation across various financial markets. At the MAS Layer One Summit, Deputy Managing Director Leong Sing Chiong articulated the ambitions behind these initiatives, while reflecting on the promising results from Project Guardian. This project saw collaborations among over 40 financial institutions spanning seven jurisdictions, where notable trials in tokenisation of foreign exchange and funds were conducted. Although these experiments manifested substantial potential, the actual commercial uptake has yet to materialise fully, largely due to existing constraints in infrastructure and liquidity. To navigate these challenges, the MAS is rolling out several interrelated frameworks aimed at directing and standardising practices within the industry. The Global Layer One initiative, a central piece of this strategy, is being orchestrated with the support of prominent financial entities, including Euroclear and HSBC. This initiative is expected to expand significantly over the coming year, creating a more cohesive approach to asset tokenisation. Additionally, MAS has introduced two key guidance frameworks: the Guardian Fixed Income Framework and the Guardian Funds Framework. These frameworks serve to standardise practices in the debt markets and fund tokenisation, encouraging best practices and reducing fragmentation within the blockchain ecosystem. By delineating clear methodologies and protocols, these frameworks empower financial institutions to adopt tokenisation more readily. A significant aspect of the MAS's efforts includes the launch of the SGD Testnet, a platform aimed at facilitating tokenised payments and securities settlements anchored by a Singapore dollar wholesale central bank digital currency (CBDC). This testnet, developed with insights from Project Orchid, will enable programmable financial transactions using purpose-bound money. The platform will provide participants an avenue to experiment with digital assets under real-world conditions, thereby fostering innovation and practical application. As the MAS pushes forward with its initiatives, Singapore aims to fortify its position as a leader in digital asset integration. By focusing on the adoption of tokenisation within various segments of the financial market, including fixed income and funds, the MAS is actively shaping a future where digital assets become an integral part of the financial landscape. Numerous advantages accompany this push towards asset tokenisation. For instance, tokenisation can significantly enhance liquidity by enabling fractional ownership of assets, thus broadening access to investment opportunities that were previously restricted. With a framework that encourages transparency and reliability, stakeholders are more likely to enter into tokenised transactions, enhancing overall market participation. Moreover, the development of well-structured frameworks reflects an understanding that regulatory clarity is essential for fostering confidence among market participants. By establishing guidelines that address security, compliance, and operational efficiency, the MAS is creating an environment conducive for both institutional and retail investors to explore digital asset options without apprehension. Countries around the world are watching Singapore’s progress closely as they contemplate their own strategies in asset tokenisation and blockchain technology. With regulatory frameworks evolving, Singapore stands as a case study on how proactive governance paired with industry collaboration can ignite innovation. The MAS’s proactive stance should serve as
an inspiration to other jurisdictions grappling with similar challenges in the adoption of emerging technologies. In conclusion, the introduction of these new frameworks and initiatives marks a pivotal moment in Singapore's journey towards becoming a central hub for asset tokenisation. By addressing key barriers and fostering best practices, the MAS is not only driving innovation within its borders but also setting the stage for a more sophisticated global financial ecosystem. As more financial institutions and participants engage with these frameworks, the possibilities within tokenisation will continue to expand, enhancing Singapore's role in the global digital economy.
#News#EricssonORANTelecommunications5GMasOrange#SingaporeTech#assettokenisation#digitalassets#financialinnovation
0 notes
Text
The Future of Climate Risk in Real Estate: Navigating Uncertainty for Long-Term Resilience
The real estate industry faces a critical challenge as climate risks grow in frequency and intensity. As global warming accelerates, environmental changes—rising sea levels, increased storm frequency, and extreme temperature shifts—are reshaping real estate investment strategies, asset valuations, and urban development. The future of real estate now hinges on how well stakeholders integrate climate risk into their decision-making processes.
The growing impact of climate risk on real estate in Singapore
Historically, real estate decisions in Singapore have been driven by economic fundamentals, government planning, and market trends. However, as physical risks associated with climate change become more evident, investors, developers, and asset managers in Singapore are rethinking their approaches. These risks include direct threats such as property damage from flooding and rising sea levels, as well as indirect factors like evolving regulations, insurance costs, and shifting demand.
Singapore’s low-lying areas and coastal properties, once considered premium real estate, face growing concerns as the city-state grapples with the implications of sea-level rise. Government initiatives like the Coastal and Flood Protection Fund, which allocated S$100 billion for long-term resilience measures, underscore the serious threat posed by climate change. As a result, real estate stakeholders must assess how climate risk could affect both property values and future developments.
Regulatory pressures and ESG considerations
Singapore has been proactive in addressing climate-related risks through policy and regulation. The Building and Construction Authority (BCA) has introduced green building standards, while the government’s push for Environmental, Social, and Governance (ESG) integration in the financial sector is influencing real estate investments. These regulations, coupled with investor demand for sustainable assets, are driving real estate players to adopt ESG criteria more rigorously.
With initiatives like the Green Mark certification and the Singapore Green Plan 2030, property owners and developers are incentivized to design and manage buildings with climate resilience in mind. Meeting energy efficiency, water conservation, and climate adaptation standards not only enhances resilience but also positions properties more favorably in the market.
Climate risk assessment and technology’s role
Accurate climate risk assessment is crucial for informed decision-making in Singapore’s real estate market. Traditional valuation models often overlook long-term environmental impacts. However, advances in data analytics, geographic information systems (GIS), and climate modeling tools are helping stakeholders predict how climate factors will influence property values and resilience. In Singapore, digital platforms and smart city initiatives are being leveraged to integrate climate intelligence into urban planning and development strategies.
Moreover, the use of technologies like AI-driven data platforms is allowing developers and investors to analyze environmental risks at a granular level. These tools offer insights into flood-prone areas, heat island effects, and future climate scenarios, helping industry players mitigate risks and identify resilient investment opportunities.
Shaping the future of real estate investment in singapore
The real estate sector in Singapore is at a turning point where inaction could lead to significant financial and environmental costs. Investors, developers, and asset managers must prioritize resilience and adaptability as climate risks grow. In a market where sustainable and climate-resilient properties are increasingly rewarded, integrating climate risk into portfolio strategies is no longer optional—it’s essential.
0 notes
Text
Trump floats US sovereign wealth fund as part of economic pitch - Journal Global Online https://www.merchant-business.com/trump-floats-us-sovereign-wealth-fund-as-part-of-economic-pitch/?feed_id=190878&_unique_id=66db0af451502 #GLOBAL - BLOGGER BLOGGER Former President Donald Trump in a speech to business leaders on Thursday called for the creation of a U.S. sovereign wealth fund, a government-owned investment fund, to finance “great national endeavors.”While offering few details, Trump said the fund would would yield a “gigantic profit” that could help “pay down the national debt” — an unmet goal from his 2016 campaign.Sovereign wealth funds are prevalent throughout the industrialized and developing world, with the largest ones residing in oil-rich states like Norway, Saudi Arabia and other Persian Gulf nations as well as China, Singapore and Hong Kong.“Why don’t we have a wealth fund? Other countries have wealth funds. We have nothing,” Trump said during his speech to The Economic Club of New York, adding that the U.S. fund would be financed by tariffs “and other intelligent things.”According to the Sovereign Wealth Fund Institute, roughly 100 funds currently manage nearly $13 trillion in assets. That includes a handful of U.S. states including Alaska, Texas, New Mexico and others which have set up their own types of government-run funds initially financed by oil, gas and mineral resources. Trump now wants to do the same at the federal level.“We will build extraordinary national development projects and everything from highways to airports to transportation infrastructure. … We’ll be able to invest in state-of-the-art manufacturing hubs, advanced defense capabilities, cutting-edge medical research and help save billions of dollars in preventing disease in the first place.” Trump said. “And it is many of the people in this room who will be helping to advise and recommend investments for this fund.”It wasn’t immediately clear how the fund would be structured or what legislation it would take to get through Congress to set something like that up. Critics were already panning the idea as an unworkable sop to wealthy investors shortly after the GOP presidential nominee floated it.“It’s hard to think of anything more open to corruption than the Donald J Trump sovereign wealth fund — would likely hand over trillions to be managed by cronies charging outrageous fees while steering billions of dollars of investment to himself and his family,” Brendan Duke, senior director for economic policy at the left-leaning Center for American Progress, wrote on X, formerly Twitter.Business ‘Economy in crisis’Trump’s sovereign wealth fund idea emerged as he pitched an economic agenda that doubled down on priorities from his first term, including higher tariffs as well as additional tax cuts, reduced regulation and increased energy production.The Republican presidential nominee also promised to save trillions of dollars by creating a commission to target fraud and recommend spending cuts. He said the commission would be headed by Tesla founder and X owner Elon Musk, the world’s richest man, who proposed the idea last month and endorsed Trump’s campaign.The speech also served to draw a contrast with the economic plans of Vice President Kamala Harris just days before the two candidates will square off at a Philadelphia debate.Seeking to blunt the recent momentum of Harris since her ascension as the Democratic presidential nominee, Trump painted a bleak picture of an “economy in crisis” that has left Americans struggling to make ends meet during the Biden administration.“Communism is the past, freedom is the future, and it is time to send comrade Kamala Harris back home to California, where crime is rampant and fleeing is the No. 1 occupation,” he said.“We delivered an economic miracle that Kamala and Joe turned into an economic disaster,” he added later.Harris laid out her own economic agenda in New Hampshire this week that calls for higher taxes
on upper-income households, bigger tax deductions for startup businesses, and greater financial assistance for first-time homebuyers, among other things.But she also began to deviate from President Joe Biden’s agenda by paring back his proposed increase in the top tax rate on capital gains, proposing to raise it from 23.8 percent to 33 percent instead of Biden’s 44.6 percent.Harris agrees with Biden on a 28 percent corporate tax rate, up from 21 percent in the 2017 tax law Trump signed. Trump, by contrast, promised to reduce the corporate rate to 15 percent “solely for companies that make their product in America.”Taking aim at Harris’ proposed tax increases, Trump said it would “lead America into a 1929 Depression” and “turn the United States into Venezuela on steroids.”Business Praise for McKinleyWhile business leaders have cheered Trump’s tax cuts, they appeared to stay silent as the former president made a case for higher tariffs as a key to boosting domestic manufacturing. While he offered no numbers, Trump has previously called for tariffs of 10 percent to 20 percent on all imports — a plan Harris has likened to a “national sales tax.”Promising to levy “a very substantial tariff” on imports, Trump said, “We are not going to be taken advantage of anymore.”To make his case, he praised the work of former President William McKinley, who helped push through large tariffs in 1890 while serving as House Ways and Means chairman. While those tariffs faced a public backlash, Trump said President Theodore Roosevelt was able to build roads, dams and national parks “with the money that was made with tariffs from McKinley,” whom Trump called a “highly underrated president.”Trump also renewed his call for clawing back unspent money provided by the Democratic-backed 2022 clean energy and health care legislation and repealing new tax subsidies for clean energy in that law — presumably including electric-vehicle credits that benefit Musk’s Tesla.Treasury Secretary Janet L. Yellen used a speech in North Carolina on Thursday to defend those credits and urge their retention.“Rolling them back could raise costs for working families at a moment when it’s imperative that we continue to take action to lower prices,” Yellen said. “And it could give a leg-up to China and other countries that are also investing to compete in these critical industries.”In outlining other aspects of his economic agenda, Trump called for:Cutting at least 10 regulations for every new one he creates.Making the U.S. “the world capital for crypto and Bitcoin.”Making all 2017 tax cuts permanent, while eliminating taxes on tips and Social Security benefits.Ending environmental protections that he said impede the mining of rare earth minerals.Eliminating regulations that drive up housing costs while opening up portions of federal land for large-scale housing construction.Pushing legislation to end all taxpayer-funded benefits to undocumented migrants and banning mortgages for those migrants.Peter Cohn contributed to this report.“Former President Donald Trump in a speech to business leaders on Thursday called for the creation of a U.S. sovereign wealth fund, a government-owned investment fund, to finance “great national…”Source Link: https://rollcall.com/2024/09/05/trump-floats-us-sovereign-wealth-fund-as-part-of-economic-pitch/ http://109.70.148.72/~merchant29/6network/wp-content/uploads/2024/09/LYNXMPEFA03LX.JPG Former President Donald Trump in a speech to business leaders on Thursday called for the creation of a U.S. sovereign wealth fund, a government-owned investment fund, to finance “great national endeavors.” While offering few details, Trump said the fund would would yield a “gigantic profit” that could help “pay down the national debt” — an … Read More
0 notes
Text
Exploring the Future of Cryptocurrency Trends and Innovations
In the ever-evolving landscape of finance, cryptocurrencies have emerged as a transformative force, reshaping how we perceive and utilize digital assets. From the early days of Bitcoin to the proliferation of decentralized finance (DeFi) platforms, the cryptocurrency market has experienced significant growth and innovation. In this article, we delve into the latest trends and innovations in the world of cryptocurrency, exploring what lies ahead for this dynamic industry.
1. The Rise of Decentralized Finance (DeFi)
Decentralized finance, or DeFi, has been one of the most revolutionary developments in the cryptocurrency space. DeFi platforms aim to recreate traditional financial systems such as lending, borrowing, and trading, but in a decentralized manner, without intermediaries like banks. This innovation allows users to access financial services directly from their crypto wallets, significantly reducing barriers to entry and democratizing finance.
Platforms like Uniswap, Aave, and Compound have gained traction by offering decentralized trading, lending, and borrowing solutions. These platforms operate on blockchain networks like Ethereum, leveraging smart contracts to automate transactions and ensure transparency. The total value locked (TVL) in DeFi protocols has surged, reflecting growing interest and adoption in decentralized finance.
However, challenges such as scalability, user experience, and regulatory scrutiny remain hurdles for widespread DeFi adoption. Innovators continue to explore solutions to enhance security, usability, and interoperability across different blockchain networks, aiming to unlock the full potential of decentralized finance.
2. Evolution of Blockchain Technology
Blockchain technology, the underlying foundation of cryptocurrencies, continues to evolve beyond its initial application in digital currencies. Originally designed for secure and transparent transactions, blockchain technology has found applications across various industries, including supply chain management, healthcare, and voting systems.
Recent advancements in blockchain scalability, interoperability, and privacy have expanded its utility beyond financial transactions. Projects like Polkadot and Cosmos focus on interoperability, allowing different blockchains to communicate and share data seamlessly. Meanwhile, advancements in privacy-focused blockchains like Monero and Zcash address concerns about transaction anonymity and data confidentiality.
Moreover, the integration of blockchain with emerging technologies such as artificial intelligence (AI) and the Internet of Things (IoT) presents new opportunities for innovation. These synergies could potentially transform industries by enabling autonomous transactions, predictive analytics, and secure data sharing, fostering a more interconnected and efficient global economy.
3. Regulatory Landscape and Institutional Adoption
The regulatory environment surrounding cryptocurrencies remains a topic of ongoing debate and evolution. Governments and regulatory bodies worldwide are grappling with how to classify and regulate digital assets, balancing innovation with investor protection and financial stability.
Countries like the United States, Switzerland, and Singapore have taken proactive approaches to establish clear regulatory frameworks for cryptocurrencies and blockchain technology. These regulations aim to provide legal certainty for businesses and investors while combating illicit activities such as money laundering and fraud.
Simultaneously, institutional adoption of cryptocurrencies has gained momentum, driven by growing interest from hedge funds, asset managers, and corporations. Institutional investors view cryptocurrencies as a potential hedge against inflation, portfolio diversification, and exposure to innovative technologies. Platforms offering cryptocurrency custody, trading, and derivatives products have emerged to cater to institutional demand, further legitimizing digital assets as an investable asset class.
4. Environmental Sustainability and Energy Efficiency
The environmental impact of cryptocurrency mining, particularly proof-of-work (PoW) consensus mechanisms, has sparked concerns about energy consumption and sustainability. Bitcoin, the first and most well-known cryptocurrency, relies on PoW mining, which requires significant computational power and electricity.
Efforts to improve the energy efficiency of blockchain networks are underway, with some projects exploring alternative consensus mechanisms like proof-of-stake (PoS). PoS mechanisms validate transactions based on the amount of cryptocurrency held by participants, reducing energy consumption compared to PoW. Ethereum, the second-largest blockchain network, is transitioning from PoW to PoS through its Ethereum 2.0 upgrade, aiming to enhance scalability and sustainability.
Furthermore, initiatives promoting renewable energy sources for cryptocurrency mining operations seek to mitigate the environmental impact of blockchain technology. Collaborative efforts between industry stakeholders, policymakers, and environmental advocates are essential to achieving a sustainable balance between blockchain innovation and environmental stewardship.
5. The Future of Cryptocurrency: Opportunities and Challenges
Looking ahead, the future of cryptocurrency holds immense promise and potential, driven by ongoing technological advancements, regulatory clarity, and evolving market dynamics. Key opportunities include broader adoption of blockchain technology across industries, enhanced financial inclusion through decentralized finance, and innovations in digital asset security and privacy.
However, significant challenges persist, including regulatory uncertainty, scalability limitations, cybersecurity threats, and environmental concerns. Addressing these challenges will require collaboration among stakeholders, including governments, businesses, technologists, and community members, to foster responsible innovation and sustainable growth.
In conclusion, cryptocurrencies have transformed from a niche technology to a global phenomenon, reshaping financial systems and fostering innovation across industries. As the industry continues to evolve, embracing technological advancements and regulatory developments will be crucial to unlocking the full potential of cryptocurrencies and blockchain technology. By navigating challenges and seizing opportunities, stakeholders can collectively shape a more inclusive, secure, and sustainable future for cryptocurrency.
This article has provided a comprehensive overview of the latest trends and innovations in cryptocurrency, offering insights into what lies ahead for this dynamic and rapidly evolving industry.
0 notes
Text
Navigating the Seas of Opportunity: Understanding the Commodity Market
In the vast ocean of global finance, the commodity market stands out as a unique and indispensable entity. Comprising a diverse array of raw materials and primary goods, ranging from precious metals like gold and silver to agricultural products like wheat and coffee, the commodity market serves as the bedrock of our modern economy. This article aims to delve into the intricacies of the commodity market, exploring its functions, dynamics, and significance in the broader financial landscape.
Understanding the Basics:
At its core, the commodity market facilitates the trading of tangible goods, often referred to as commodities. These goods can be categorized into several broad groups, including energy (crude oil, natural gas), metals (gold, silver, copper), agricultural products (corn, wheat, soybeans), and livestock (cattle, pork). Unlike financial assets such as stocks or bonds, commodities are physical assets with intrinsic value derived from their utility and scarcity.
Market Participants:
A diverse range of participants engages in the commodity market, each with distinct motives and strategies. Producers, such as farmers and mining companies, utilize the market to hedge against price fluctuations and secure future revenues by entering into futures contracts. Speculators, on the other hand, seek to profit from short-term price movements, capitalizing on supply and demand imbalances and macroeconomic trends. Additionally, consumers and end-users, such as manufacturers and energy companies, utilize the market to manage input costs and mitigate risks associated with price volatility.
Market Instruments:
The commodity market offers various instruments for trading and risk management, with futures contracts being the most prevalent. Futures contracts enable market participants to buy or sell a specified quantity of a commodity at a predetermined price and date in the future. These contracts serve as vital risk management tools, allowing producers and consumers to protect themselves against adverse price movements. Options contracts, exchange-traded funds (ETFs), and commodity indices are other commonly traded instruments that provide exposure to commodity price movements.
Factors Influencing Prices:
Commodity prices are influenced by a myriad of factors, including supply and demand dynamics, geopolitical events, weather patterns, technological advancements, and macroeconomic indicators. Supply disruptions, such as natural disasters or geopolitical conflicts, can lead to sudden price spikes, while changes in global economic conditions and monetary policies can affect demand levels and inflation expectations, thereby impacting commodity prices.
Globalization and Interconnectivity:
In an era of increasing globalization, the commodity market is highly interconnected with other financial markets, including equities, currencies, and bonds. Economic developments in one region can have ripple effects across commodity markets worldwide, as demonstrated by the impact of China's economic growth on global demand for industrial metals and energy commodities. Additionally, the emergence of commodity trading hubs, such as Chicago, London, and Singapore, has facilitated the seamless exchange of commodities on a global scale.
Challenges and Risks:
Despite its importance, the commodity market is not without challenges and risks. Price volatility, geopolitical instability, regulatory changes, and environmental concerns are among the key challenges facing market participants. Moreover, the increasing finalization of commodities, characterized by the influx of speculative capital into the market, has raised questions about market integrity and price discovery.
Conclusion:
The commodity market occupies a central position in the global economy, serving as a vital conduit for the exchange of essential goods and resources. Its function as a price discovery mechanism and risk management tool is essential for ensuring stability and efficiency in various industries. As the world continues to evolve, understanding the complexities of the commodity market will be crucial for investors, businesses, and policymakers alike, as they navigate the seas of opportunity in pursuit of prosperity and growth.
0 notes
Text
Singapore orders hedge fund 3 Degrees to shut down on claims of fraud
On Tuesday, Singapore’s Monetary Authority (MAS) ordered 3 Degrees Asset Management Pte, a private independent asset management firm based on the island state, to shut down its operations on allegations that its founder Moe Ibrahim had diverted assets. MAS is Singapore's central bank and supervises the banking, insurance, securities and futures industries.
According to a report from Bloomberg, the regulator and the Finance Minister gave 3 Degrees until November 29th to wind down its operations and withdrew its exempt fund manager status. The hedge fund manager is appealing the order and an October 20th closed door hearing was set to discuss the petition.
3 Degrees, which manages $215m in assets, was investigated by the MAS after Ibrahim was accused by investor Agus Anwar of diverting at least $3.7m (or $6.7m according to Bloomberg) from the fund’s assets. The allegation surfaced after one of 3 Degrees’ funds sued Anwar in 2008 to recover an estimated $40m in debt.
Ibrahim denies the accusations and said in court filings the transaction – if it had really occurred – would have been neither “illegal nor improper.”
Prominent former bank owner Indonesia-born Agus Anwar was in March this year declared bankrupt by the High Court in Singapore, reported The Straits Times. The debt-ridden businessman, who reportedly owed 23 creditors a total of $103.3m, had been trying to stave off bankruptcy proceedings by putting forward repayment proposals to his creditors.
3 Degrees is an established player in Asian credit markets; the firm announced the launch of the Credit Opportunities Fund with initial assets of $27.3m in Jan-10. In March-09, it also launched ADF Prime Ltd, a credit opportunities fund that invest primarily in the performing debt obligations of Asian companies that have been mispriced as a result of the credit crunch. 3 Degree’s flagship, the Asian Distressed Fund, was up 8% YTD as at end-June according to the firm’s website.
1 note
·
View note
Text
UK Report Provides Baseline For Fund Tokenization
The UK’s Investment Association (IA) published a second report for the Technology Working Group of the Government’s Asset Management Taskforce. Its first report outlined a baseline for what is achievable for fund tokenization within the current regulatory framework. The second report specifies two use cases that the industry will trial. Additionally, it wants to explore three other areas.
Most fund tokenization explores tokenizing the fund units. However, some asset managers also want to be able to invest funds in tokenized securities. This potentially could result in composable funds and greater customization. It’s not mentioned in the report, but the UK’s Schroders and Calastone have been exploring this as part of Singapore’s Project Guardian.
https://www.ledgerinsights.com/uk-fund-tokenization-report-expand-to-public-permissioned-blockchains/
0 notes
Text
Crypto’s Dark Side: The Six Most Notorious Heists in Crypto
While cryptocurrencies offer numerous benefits such as decentralization, transparency, and security, they are not immune to exploitation by cybercriminals. Over the years, the crypto industry has witnessed several high-profile heists, resulting in millions of dollars worth of digital assets being stolen. Here, we delve into the six most notorious crypto heists that have rocked the industry:
Mt. Gox Hack (2014): Perhaps the most infamous crypto heist in history, the Mt. Gox hack saw the Japanese exchange lose approximately 850,000 bitcoins, worth over $450 million at the time. The hack, which was discovered in February 2014, ultimately led to the bankruptcy of Mt. Gox and left thousands of users out of pocket.
Bitfinex Hack (2016): In August 2016, Hong Kong-based exchange Bitfinex fell victim to a devastating hack that resulted in the theft of 120,000 bitcoins, valued at around $72 million at the time. The hackers exploited vulnerabilities in Bitfinex's security system, leading to widespread panic among users and a significant loss of trust in the exchange.
Coincheck Hack (2018): In January 2018, Japanese exchange Coincheck suffered a massive security breach that saw hackers make off with over 500 million NEM tokens, worth approximately $530 million at the time. The hack, which remains one of the largest in history, exposed serious flaws in Coincheck's security protocols and led to increased scrutiny of cryptocurrency exchanges in Japan.
Binance Hack (2019): In May 2019, Binance, one of the world's largest cryptocurrency exchanges, experienced a security breach that resulted in the theft of 7,000 bitcoins, valued at around $40 million. Despite the hack, Binance managed to reimburse affected users through its Secure Asset Fund for Users (SAFU) and implement additional security measures to prevent future breaches.
KuCoin Hack (2020): In September 2020, Singapore-based exchange KuCoin fell victim to a sophisticated hack that saw hackers steal over $280 million worth of cryptocurrencies, including bitcoin, ethereum, and various altcoins. The hack underscored the vulnerability of centralized exchanges and the importance of implementing robust security measures.
Poly Network Hack (2021): In August 2021, decentralized finance (DeFi) platform Poly Network suffered a major security breach that resulted in the theft of over $600 million worth of cryptocurrencies. Despite the scale of the hack, the perpetrator eventually returned the stolen funds and was hailed as a "white hat" hacker for exposing vulnerabilities in Poly Network's smart contracts.
These six notorious crypto heists serve as stark reminders of the risks associated with investing in cryptocurrencies and the importance of implementing stringent security measures. While the crypto industry has made significant strides in improving security and mitigating risks, cybercriminals continue to exploit vulnerabilities, highlighting the need for continued vigilance and innovation in the fight against crypto theft.
1 note
·
View note
Text
Exploring Lucrative Investment Opportunities in India's Business Park Sector
In a strategic move, CapitaLand Investment Ltd (CLI), a renowned global real estate investment manager, has announced the launch of its ambitious business park development fund in India. The fund, named CapitaLand India Growth Fund 2 (CIGF2), has an impressive target fund size of SGD 525 million, signifying CLI's commitment to tapping into the vast potential of India's premium business park market.
The CIGF2 is designed to invest in Grade A business parks strategically located across major gateway cities in India. This move is set to capitalize on the growing demand for high-quality office spaces in the country's thriving business landscape. CLI's decision to expand its presence in India's real estate sector aligns with its asset-light strategy, where the company aims to foster growth in its funds under management (FUM).
Reiterating its dedication to the project, CLI has already secured SGD 263 million from a global institution, solidifying a 50 percent stake in the fund's initial closing. Furthermore, CLI intends to maintain a 20 percent sponsor stake in the fund, showcasing its commitment and belief in the success of the venture.
This isn't CLI's first foray into India's real estate market. The company previously launched the SGD 300 million Ascendas India Growth Programme, which achieved full commitment and closure in 2015. With this track record, CLI's entry into the business park development fund sector marks a strategic expansion that builds upon its established expertise.
CLI's presence in India's real estate sector extends beyond business parks. The company also manages two logistics private funds, the Ascendas India Logistics Programme and CapitaLand Logistics Fund II, each with a substantial fund size of SGD 400 million. These ventures highlight CLI's versatility in navigating different segments of the Indian real estate market.
As of March 31, 2023, CLI boasts an impressive SGD 4 billion in total assets under management in India. This extensive portfolio includes over 20 IT and business parks, industrial facilities, logistics centers, lodging establishments, and cutting-edge data centers. With a significant foothold in seven major Indian cities, CLI's diverse portfolio underscores its commitment to serving India's evolving real estate needs.
Headquartered and listed in Singapore, CLI's influence extends far beyond its base. The company has firmly established itself as a leading global real estate investment manager, with a particularly robust presence in the dynamic Asian market. This new business park development fund reinforces CLI's dedication to harnessing the immense potential of India's real estate sector while capitalizing on its Asia-centric strategy.
In conclusion, CapitaLand Investment Ltd's launch of the CapitaLand India Growth Fund 2 represents a significant step toward unlocking the investment potential within India's premium business park segment. CLI's proven track record, coupled with its existing assets and strategic partnerships in the country, positions it favorably to capitalize on the burgeoning demand for quality office spaces in India's key cities. As CLI continues to expand its presence and enhance its diverse portfolio, investors have a prime opportunity to tap into India's thriving real estate market through this forward-looking endeavor.
This post was originally published on: Foxnangel
#business expansion in india#business expansion#business growth#CapitalLand#Foreign Direct Investment#Fox&Angel#foxnangel#india#India market entry#IndiaFund#Invest in India#Investment in india#investment opportunities in India
0 notes
Text
Tata Capital Unlisted Share Price, IPO, and Valuation
TATA Capital, a financial powerhouse under the esteemed TATA Group, stands as a symbol of trust and commitment in the financial landscape. From providing flexible and tailored loan solutions to nurturing wealth through innovative investment avenues, TATA Capital seamlessly integrates financial expertise with a deep understanding of the evolving needs of its customers. Whether home loans, personal loans, business loans, or wealth management services, TATA Capital's diverse portfolio reflects its dedication to fostering growth and prosperity. TATA Capital Upcoming IPO is set to be launched in the ongoing FY24.
This allows investors to take the first mover advantage by investing in TATA Capital Pre IPO shares. TATA Capital Share Price is valued at ₹660 only & is available exclusively on the Planify platform. Investors can expect to gain exponential returns by investing in TATA Capital Pre IPO shares.
Before investing, Investors should consider studying the business model of TATA Capital. Through this article, investors can learn about TATA Capital’s Business Model, its Financial Performance in recent years & comparison with industry peers. A world of caution on valuation would also be presented before the investors.
TATA Capital Services can be divided into 5 sectors namely TATA Capital Financial Services Limited (TCFSL), TATA Capital Housing Finance Limited (TCHFL), TATA Cleantech. Capital Limited (TCCL), TATA Securities Limited (TSL) & TATA Capital Private Limited (TCPL). Now let’s try to understand each of these models:
TATA Capital Financial Services (TCFSL): TCFSL’s main area of expertise lies in Retail finance, SME & Commercial Finance. The products offered by TCFSL include Auto loans, Construction Equipment and Commercial Vehicle Loans, Business Loans, Consumer Durable Loans, and loans against Securities and assets.
TATA Capital Housing Finance Limited (TCHFL): TCHFL primarily offers home loans & affordable housing finance loans, loans against property & loans to developers for constructing residential & commercial premises.
TATA Cleantech. Capital Limited (TCCL): TCCL is a Joint Venture between TCL & International Finance Corporation, Washington DC, USA. TCCL is registered with RBI as an Infrastructure Finance Corporation (IFC) & it deals in providing finance & advisory services to cash-flow-based renewable energy projects.
TATA Securities Limited (TSL): TATA Securities currently operates as an AMFI registered Distributor, engaged in the business of distribution of Mutual Fund units. TATA Securities is also registered as a Depository participant with Central Depository Services (India) Limited & National Securities Depository Limited (NSDL) & is also registered with SEBI as a Research Analyst.
TATA Capital Pte. Limited, Singapore: TCPL carries out the business of proprietary investments & fund management, either on its own or through subsidiaries.
Beyond financial services, TATA Capital's commitment extends to fostering a sustainable future through initiatives that prioritize environmental and social responsibility. This holistic approach aligns with the TATA Group's ethos of making a positive impact on society while delivering excellence in every financial endeavor.
A good business model is the cornerstone of sustainable success, seamlessly aligning value creation with profitability. It identifies a clear target market, addresses customer needs effectively, and outlines a revenue strategy that stands the test of time. Investors shall also pay attention to the financials of a company. This might help investors in their decision-making & also become a bit cautious about certain ratios where the stock might be over-valued.
Let's begin by assessing TATA Capital's Market Cap in comparison to its industry counterparts. With a robust market cap of Rs. 2.34 Lakh Cr., TATA Capital outshines its closest peer, L&T Finance Holding. The company's strong financial performance is evident in its expanding Operating Profit Margin, reaching an impressive 46.01%, 53.07%, and 71.56% in FY21, FY22, and FY23, respectively. The Net Profit Ratio follows a similar upward trajectory, standing at 42.85% and 55.62% over the last two years.
Additionally, TATA Capital exhibits a positive trend in Returns on Assets (RoA), indicating efficient asset utilization with RoA figures of 1.94 and 2.48 for the corresponding years. Investors will find encouragement in the company's healthy Return on Equity (RoE), recording 15.23% and 19.01% in the same period.
Despite these commendable performances, caution is warranted, especially in considering the Price to Book Value (P/BV) and Price to Earnings (P/E) ratios. TATA Capital's P/BV ratio is notably high at 15.2, approximately 12 times that of its peers, and a staggering 14 times higher than the industry average P/E of 1.5. Similarly, the P/E ratio is reported at 78.0, nearly 4 times higher than its nearest industry peer at 20.9. The industry P/E of 21.0 underscores the perception that the stock may be currently overvalued, urging potential investors to weigh the risks carefully.
All being said & done, as the TATA Capital unlisted share price reflects the strength of investor confidence, anticipation is building for TATA Capital Upcoming IPO. The trajectory of TATA Capital unlisted shares hints at an exciting journey ahead, providing investors with a glimpse into the company's potential growth. The fact that TATA has just launched a spectacular IPO with TATA Tech. , getting listed at a premium of over 162% only solidifies investor’s interest further. Just a quick reminder for the investors as they get a chance to gain exponentially byb investing in TATA Capital Unlisted Shares, exclusively available on the Planify platform. Stay tuned for an opportunity to be part of TATA Capital's next chapter in the financial landscape.
0 notes
Text
Investment Management Software Market is set for a Potential Growth Worldwide: Excellent Technology Trends with Business Analysis
Latest released the research study on Global Investment Management Software Market, offers a detailed overview of the factors influencing the global business scope. Investment Management Software Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Investment Management Software The study covers emerging player’s data, including: competitive landscape, sales, revenue and global market share of top manufacturers are EFront Financial Solutions (France), Quant IX Software (United States), Broadridge Investment Accounting (United States), Portfolio Shop (United States), Beiley Software Inc. (United States), Quicken Inc. (United States), OneStream Software (United States), Finartis Group SA (Switzerland), QED Financial Systems (United States), Instream Solutions (United States)
Free Sample Report + All Related Graphs & Charts @: https://www.advancemarketanalytics.com/sample-report/14441-global-investment-management-software-market
Investment Management Software Market Definition:
Investment management software help to manage, recognize and communicate the risks and performance of investment and assets for financial advisors, investor and their clients. It provides on-demand access for the investments through an investor portal. Investment management software market has high growth prospects owing to increasing demand for the effective resource management system from various Industries and technological advancement for product development.
Market Drivers:
Provide Better Decision Making, Risk Management and Improves Operational Efficiency
Compatible with Numerous Platform Such As Windows. Mac, And Others
Market Opportunities:
Increasing Demand for Investment Management Software from Small and Medium Enterprises
Growing Adoption in Developing Economies for Auditable Asset and Compliance Management
Market Trend:
Emphasizing On Real-Time Investment Management Analytics
Increasing Demand for Effective Resource Management System
The Global Investment Management Software Market segments and Market Data Break Down are illuminated below:
by Application (Asset management, Wealth management, Sovereign wealth funds management, Pension funds management, Personal banking management, Insurance investment management, Others), Deployment Model (On-Premise, Cloud), End User (Commercial ( Small and Medium Enterprises, and Large Enterprises), Individuals)
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
Enquire for customization in Report @: https://www.advancemarketanalytics.com/enquiry-before-buy/14441-global-investment-management-software-market
Strategic Points Covered in Table of Content of Global Investment Management Software Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Investment Management Software market
Chapter 2: Exclusive Summary – the basic information of the Investment Management Software Market.
Chapter 3: Displayingthe Market Dynamics- Drivers, Trends and Challenges of the Investment Management Software
Chapter 4: Presenting the Investment Management Software Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying market size by Type, End User and Region 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Investment Management Software market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries (2021-2026).
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Investment Management Software Market is a valuable source of guidance for individuals and companies in decision framework.
Data Sources & Methodology The primary sources involves the industry experts from the Global Investment Management Software Market including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.
In the extensive primary research process undertaken for this study, the primary sources – Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.
For Early Buyers | Get Up to 20% Discount on This Premium Report: https://www.advancemarketanalytics.com/request-discount/14441-global-investment-management-software-market
What benefits does AMA research study is going to provide?
Latest industry influencing trends and development scenario
Open up New Markets
To Seize powerful market opportunities
Key decision in planning and to further expand market share
Identify Key Business Segments, Market proposition & Gap Analysis
Assisting in allocating marketing investments
Definitively, this report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Southeast Asia.
Contact US:
Craig Francis (PR & Marketing Manager)
AMA Research & Media LLP
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA – 08837
0 notes
Text
Commercial Aircraft Aftermarket Global Demand Analysis & Opportunity Outlook 2035
research analysis on “Commercial Aircraft Aftermarket: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitor’s analysis and a detailed overview of the global commercial aircraft aftermarket in terms of market segmentation by component, aircraft, parts and by region.
Increase in the Number of Retired Aircraft to Facilitate the Used Serviceable Materials (USM) to Promote Global Market Share of Commercial Aircraft Aftermarket
The aviation industry suffered during the pandemic all over the world. In order to deal with this financial burden, airlines are rearranging their fleets and looking into retiring aircraft earlier. Due to this, the disintegration, deconstruction, and recycling of passenger airplanes have significantly increased since 2020. As a result, this aspect is raising the need for the USM domain of Used Serviceable Materials. Additionally, USM parts play a large role in the expansion of the commercial aircraft aftermarket.
Storage space needs are reduced thanks to MRO asset management. The owners of aircraft may better manage warranties with the use of a contemporary industrial maintenance strategy. These elements are accelerating the market expansion for MRO components. If the costs of rehabilitation and repair for rotable.
Some of the major growth factors and challenges that are associated with the growth of the global commercial aircraft aftermarket are:
Growth Drivers:
Increasing Age of Aircraft Fleet
Increase in E-Commerce
Challenges:
Their operational expenses are being affected by the rising inventory costs associated with the storage of spare components. Additionally, other reasons including rising operational costs and the cost of aircraft fuel are elevating the concern for cost containment among airline operators. Such elements can limit the commercial aircraft aftermarket's market expansion.
The airlines coordinate airplane maintenance with aftermarket component suppliers and MRO service providers. Most MRO facilities lack an integrated strategy with other services and are disorganized. As a result, if an aircraft owner needs maintenance, a lack of knowledge may add to their obligations, which would impede the market's expansion.
Access our detailed report at:
By parts, the global commercial aircraft aftermarket is segmented into maintenance repair & operation parts, MRO and rotable replacement parts. The MRO parts are leading the market growth among the other parts. The growing requirement for timely maintenance on such complex aircraft and the rising demand for upgraded aircraft. Additionally, MRO asset management contributes to a decrease in the need for storage space. The owners of aircraft may better manage warranties with the use of a contemporary industrial maintenance strategy. These elements are accelerating the market expansion for MRO components. A strong supply chain network is also present for MRO services and aviation parts among US-based companies.
By region, the North America commercial aircraft aftermarket is to generate the highest revenue by the end of 2035. The expansion is attributed to the MRO and maintenance repair service providers who are concentrating on the rising aftermarket services investment in the US and Canada. A strong supply chain network is also present for MRO services and aviation parts among US-based companies. Additionally, the US's growing standardization of PMA procedures for parts manufacturer clearance will promote market expansion.
The market in Asia-Pacific holds the second-largest market share for the aftermarket for commercial aircraft. Launching aftermarket parts hubs in nations like China, Singapore, and Japan is receiving more funding. The market for aftermarket parts in China is anticipated to expand quickly. Government regulations on import and export have also significantly fueled business expansion.
This report also provides the existing competitive scenario of some of the key players of the global commercial aircraft aftermarket which includes company profiling of Leonardo S.p.A, Aventure International Aviation Services, Honeywell International Inc, Airbus SE, Parker Hannifin Corporation, Mitsubishi Heavy Industries, Kawasaki Heavy Industries, Subaru Corporation, Sojitz Corporation, Boeing and others.
Request Report Sample@
0 notes
Text
Digifinex Research: What Lies Ahead for Grayscale and the Spot Bitcoin ETF After SEC Opts Not to Challenge Court Defeat?
Following the U.S. Securities and Exchange Commission’s (SEC) decision not to appeal its August court loss regarding Grayscale’s application to convert its Bitcoin Trust (GBTC) into a spot exchange-traded fund (ETF), the crypto industry and Grayscale are contemplating their next moves.
A Grayscale spokesperson stated, “The Grayscale team remains prepared to transition GBTC into an ETF once the SEC grants approval, and we anticipate sharing more details as soon as possible.” The asset management company also highlighted that the court would deliver its final verdict within seven days, which is expected to reiterate the initial August ruling that criticized the SEC for being “arbitrary and capricious” in its rationale for rejecting Grayscale’s spot bitcoin product application.
Grayscale initially sought approval to transform GBTC into an ETF in October 2021. GBTC stands as the world’s largest cryptocurrency fund, currently managing $16.7 billion in assets. It’s worth noting that Grayscale shares the same parent company with CoinDesk, Digital Currency Group.
TD Cowen analyst Jaret Seiberg believes that the SEC Chair Gary Gensler will face significant political and legal pressure, compelling him to approve a spot Bitcoin ETF. Interestingly, Seiberg suggests that Gensler and his team could spin this reversal positively, stating, “Consolidating their authority over Bitcoin ETFs will fortify the SEC’s position when Congress is prepared to enact legislation governing the crypto market structure.”
#btc #sec #btcetf #Grayscale #GBTC #eth #etf
About DigiFinex
DigiFinex, originating from Singapore and established in 2017, is a leading global cryptocurrency exchange. Upholding the values of diversity, integrity, and trustworthiness, DigiFinex provides users with secure 24/7 services for buying, selling, trading, storing, and staking cryptocurrencies.
For more information, please visit: Official Website | Telegram
0 notes
Text
WEOWNCOIN Review: Revolutionizing Social Empowerment with Cryptocurrency
WEOWNCOIN: Social Empowerment Through Cryptocurrency and New Horizons in Blockchain Technology
Introduction:
Cryptocurrency, as an innovative digital asset, is gradually attracting global attention. However, its potential extends far beyond the financial sector. Blockchain technology, which underpins cryptocurrency, offers new perspectives for social empowerment. This article will explore how cryptocurrency can realize the potential for social empowerment through blockchain technology, citing verifiable and genuine case studies to support this viewpoint.
The Possibility of Decentralized Voting:
A real-world example is Estonia’s e-Residency program. This initiative leverages blockchain technology to establish a decentralized voting system, allowing Estonian e-residents around the world to vote using cryptocurrency. This innovation opens new opportunities for global voting participation and social empowerment.
Mechanisms for Fair Distribution:
Cryptocurrency and blockchain technology can achieve equitable distribution, reducing wealth disparity and enhancing social equality. Through smart contracts and decentralized mechanisms, funds and resources can be distributed more fairly to the people in need.
An actual case is GiveDirectly, a non-profit organization that uses blockchain technology for direct cash transfers. They facilitate quick, transparent, and low-cost fund distribution to residents in impoverished areas through cryptocurrency, enhancing the efficiency and efficacy of social empowerment.
Transparency and Social Organizations:
The transparency of blockchain makes the management and operation of social organizations more transparent and credible. By recording donations and expenditures on the blockchain, people can trace and verify the flow of funds in real-time, thereby enhancing the transparency and trustworthiness of social organizations.
A real example is the BitGive Foundation, a non-profit that uses blockchain for charitable donations. They record every donation and expenditure on the blockchain, providing a public transparent ledger so that donors can precisely understand how their funds are being utilized.
Conclusion:
Cryptocurrency opens new horizons for social empowerment through blockchain technology. Innovations in decentralized voting, equitable distribution, and transparency in social organizations offer new opportunities for achieving a just, transparent, and reliable social empowerment. However, challenges related to technology, law, and society still need to be addressed in the process of realizing these potentials.
References:
e-Residency. (n.d.).
GiveDirectly. (n.d.).
WEOWNCOIN Exchange, established in 2018, is an internationally leading blockchain digital asset platform committed to embracing regulation and compliant operations. The core team hails from the United States, Germany, China, South Korea, among other countries, and possesses years of cutting-edge blockchain technology experience. The trading platform features a decentralized security system and asset firewall protection system, effectively preventing DDOS attacks. In collaboration with top security institutions worldwide, the exchange is quickly capturing markets in the United States, Hong Kong, Vietnam, Taiwan, Japan, Singapore, and more.
WEOWNCOIN Exchange offers a safe, efficient, fair, and transparent trading environment. Its future endeavors will focus on accelerating the development of the blockchain industry and completing its global expansion strategy. With operational centers and community services established in multiple countries, the platform provides multilingual support and 7x24 customer service. It uses high-speed, core-memory matching technology to offer diversified digital asset services to tens of millions of users across more than 180 countries and regions, cementing its reputation as one of the fastest cryptocurrency trading platforms globally.
Since its establishment in 2018, WEOWNCOIN Exchange has grown into a platform with 13.5M global cryptocurrency traders, boasting a world-class cryptocurrency security team. The platform is highly regarded within the cryptocurrency community and is a preferred choice for cryptocurrency fund investment. Looking ahead, WEOWNCOIN aims to educate more cryptocurrency enthusiasts on how to maximize trading profits with minimal capital investment.
0 notes
Text
The UK Financial Conduct Authority (FCA) will launch a second sandbox to “do new things with digital securities” in Q1 2024. Helen Boyd, FCA’s head of capital markets, made the announcement at the CCData Digital Summit in London yesterday. According to Boyd, the new sandbox would explore what was possible with tokenized instruments. Rather than a traditional “innovate sandbox,” the new pilot would be an infrastructure sandbox, allowing the regulator to test a new rule set. UK FCA Sandbox Offers ‘New Way’ of Regulating According to Boyd, the sandbox is a way of understanding what is possible when financial instruments are part of a distributed ledger. It would also help to understand how tokenization could change clearing and settlement and expose any regulatory and practical barriers. “Its a completely new way of us making regulation. In the past, we’ve tended to wait for activity to come along and regulate it.” Though Boyd is still involved in wholesale policy, her current team focuses on retail policy for digital assets and adopts a “same risk, same risk regulation” approach. In the long run, Boyd said, the FCA wants investors to engage digital assets with the belief they are well protected, as they implore businesses to balance self-interest with customer protection. The FCA can only act based on powers given by His Majesty’s Treasury. Final crypto rules, due around April, should see HM Treasury give the agency powers to regulate digital assets. Until then, HM Treasury can amend securities regulations during a sandbox without going through the standard legal process. The previous sandbox, launched in August, allowed companies to test how they would function as both a cash securities depository and an exchange platform. Developments in Central Bank Tokenization The FCA joins several central banks in testing the potential of tokenized investment and securities. Tokenization Market Size | Source: The Tokenizer Read more: What is Tokenization on Blockchain? The Singapore Central Bank’s Project Guardian enlisted 11 institutions to test tokenization in wealth management, fixed incomes, and foreign exchange. The institutions participating in pilots include HSBC, DBS Bank, Standard Chartered, JPMorgan’s digital asset division Onyx, and UBS. The Monetary Authority and UBS Digital Asset Management recently piloted a new tokenized money market fund. Late last year, JPMorgan successfully tested the exchange of tokenized currencies and government bonds with DBS and SBI Digital Asset. In April, ANZ in Australia affirmed that tokenization could streamline the carbon industry, improve transparency, and “preserve the unique characteristics of underlying projects.” The bank settled purchases of tokenized carbon credits using a stablecoin backed by a central bank digital currency. The Society for Worldwide Interbank Financial Telecommunications (SWIFT) recently completed a pilot to transfer tokenized assets between blockchains. According to a BNP Paribas representative, the pilot showed how banks could adopt blockchain cost-effectively with a single intermediary protocol. Read more: Deploying Blockchain Infrastructure: Challenges and Solutions Do you have something to say about the FCA UK sandbox for digital securities, central bank tokenization, or anything else? Please write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or X (Twitter).
0 notes
Text
WEOWNCOIN Exchange Drives Social Empowerment Through Cryptocurrency
WEOWNCOIN Exchange Drives Social Empowerment Through Cryptocurrency
Cryptocurrency, as an innovative digital asset, is gradually attracting global attention. However, its potential extends far beyond the financial sector. Blockchain technology, which underpins cryptocurrency, offers new perspectives for social empowerment. This article will explore how cryptocurrency can realize the potential for social empowerment through blockchain technology, citing verifiable and genuine case studies to support this viewpoint.
The Possibility of Decentralized Voting:
Traditional elections and voting processes often face issues like manipulation, lack of transparency, and fraud. Blockchain-based decentralized voting systems possess anti-tampering, transparent, and traceable characteristics, offering new possibilities for fair and secure elections.
A real-world example is Estonia's e-Residency program. This initiative leverages blockchain technology to establish a decentralized voting system, allowing Estonian e-residents around the world to vote using cryptocurrency. This innovation opens new opportunities for global voting participation and social empowerment.
Mechanisms for Fair Distribution:
Cryptocurrency and blockchain technology can achieve equitable distribution, reducing wealth disparity and enhancing social equality. Through smart contracts and decentralized mechanisms, funds and resources can be distributed more fairly to the people in need.
An actual case is GiveDirectly, a non-profit organization that uses blockchain technology for direct cash transfers. They facilitate quick, transparent, and low-cost fund distribution to residents in impoverished areas through cryptocurrency, enhancing the efficiency and efficacy of social empowerment.
Transparency and Social Organizations:
The transparency of blockchain makes the management and operation of social organizations more transparent and credible. By recording donations and expenditures on the blockchain, people can trace and verify the flow of funds in real-time, thereby enhancing the transparency and trustworthiness of social organizations.
A real example is the BitGive Foundation, a non-profit that uses blockchain for charitable donations. They record every donation and expenditure on the blockchain, providing a public transparent ledger so that donors can precisely understand how their funds are being utilized.
Conclusion:
Cryptocurrency opens new horizons for social empowerment through blockchain technology. Innovations in decentralized voting, equitable distribution, and transparency in social organizations offer new opportunities for achieving a just, transparent, and reliable social empowerment. However, challenges related to technology, law, and society still need to be addressed in the process of realizing these potentials.
References:
e-Residency. (n.d.). Retrieved from https://e-resident.gov.ee/
GiveDirectly. (n.d.). Retrieved from https://www.givedirectly.org/
BitGive Foundation. (n.d.). Retrieved from https://www.bitgivefoundation.org/
WEOWNCOIN Exchange, established in 2018, is an internationally leading blockchain digital asset platform committed to embracing regulation and compliant operations. The core team hails from the United States, Germany, China, South Korea, among other countries, and possesses years of cutting-edge blockchain technology experience. The trading platform features a decentralized security system and asset firewall protection system, effectively preventing DDOS attacks. In collaboration with top security institutions worldwide, the exchange is quickly capturing markets in the United States, Hong Kong, Vietnam, Taiwan, Japan, Singapore, and more.
WEOWNCOIN Exchange offers a safe, efficient, fair, and transparent trading environment. Its future endeavors will focus on accelerating the development of the blockchain industry and completing its global expansion strategy. With operational centers and community services established in multiple countries, the platform provides multilingual support and 7x24 customer service. It uses high-speed, core-memory matching technology to offer diversified digital asset services to tens of millions of users across more than 180 countries and regions, cementing its reputation as one of the fastest cryptocurrency trading platforms globally.
Since its establishment in 2018, WEOWNCOIN Exchange has grown into a platform with 13.5M global cryptocurrency traders, boasting a world-class cryptocurrency security team. The platform is highly regarded within the cryptocurrency community and is a preferred choice for cryptocurrency fund investment. Looking ahead, WEOWNCOIN aims to educate more cryptocurrency enthusiasts on how to maximize trading profits with minimal capital investment.
0 notes