Tokenization
The Financial Conduct Authority (FCA) is currently exploring whether it could determine money laundering registration applications more quickly for firms already authorized, the report said.
Ondo’s OUSG token, one of the largest on-chain tokenized Treasury products, has accrued $134 million of assets under management on Ethereum.
Crypto investors now effectively lend $614 million to the U.S. government via different tokenized Treasury products, according to real-world asset data firm RWA.xyz.
The new fund will invest in short-term U.S. government bonds, relying on a traditional Wall Street transfer agent for keeping track of holders but using Ethereum as a secondary record-keeping source.
Implementation of blockchain technology will accelerate as the opportunity cost of uncaptured efficiencies increases, the report said.
About 2% of global money supply, via stablecoins and CBDCs, could be tokenized over the next five years, which is about $3 trillion, the report said.
The bank said it expects blockchain infrastructure and tokenization to transform financial and non-financing infrastructure and markets over the next five to 10 years.
Demand for tokenized versions of short-term U.S. government bonds has been increasing as crypto investors turn to real-world assets to earn returns on their investments.
- 03:48Microsoft publicly bans employees from using DeepSeek for the first timeBrad Smith, Vice Chair and President of Microsoft, stated at a U.S. Senate hearing that an internal ban has been issued prohibiting all employees from using the DeepSeek application (including desktop/mobile versions). Although DeepSeek is an open-source model that companies can deploy themselves to prevent data backflow, Microsoft pointed out that it still poses risks of "spreading propaganda content or generating unsafe code." It is noteworthy that Microsoft has not completely banned competing products (such as Perplexity) in the Windows App Store, but Google-related applications (including Gemini) have quietly disappeared. (TechCrunch)
- 03:36A whale shorting ETH at 25x leverage closed the position an hour later, losing $333,600According to Lookonchain monitoring, the whale that deposited 3.36 million USDC into Hyperliquid and shorted ETH with 25x leverage an hour ago has closed the position, incurring a loss of $333,600. The whale's total nominal short position was 41,947 ETH (worth $92 million), with a liquidation price of $2,247.1.
- 03:35Metaplanet Issues $21.25 Million Zero-Interest Bonds to Increase Bitcoin HoldingsMetaplanet announced that the company has passed a board resolution to issue the 13th series of ordinary bonds to EVO FUND, amounting to $21.25 million, with an interest rate of 0%, for the purpose of purchasing Bitcoin.