Roger Harrold’s Post

In this article, we’ll discuss how to use Cwallet’s internal transfer mechanism to enjoy zero-fee transactions. #Cwallet

"The U.S. Commodity Futures Trading Commission’s Global Markets Advisory Committee, sponsored by Commissioner Caroline D. Pham, today advanced a recommendation to expand the use of non-cash collateral through the use of distributed ledger technology. The GMAC’s Digital Asset Markets Subcommittee also presented on the progress of its Utility Tokens workstream." #dlt #crypto #utilitytoken #cryptoassets #us #digitalassets #cryptoassets #collateral https://lnkd.in/egXY9aCx

Tokenization of RWA’s is not facing a push-back with regulators at face-value. Regulators are realising this process will streamline the outdated processes currently in the industry and provide a more robust and enhanced security functionality. As long as the current market makers and big players are involved in this process, the adoption and conversion will happen faster than any previous market upgrades in all industries globally. Chain-ge is happening.

Traditional trading platforms have faced several challenges, failing to meet trader’s evolving needs. DTX Exchange (DTX), a blend of CEX and DEX, is positioned to solve these problems. https://lnkd.in/ds85W5qc

The Financial Stability Board (FSB) is out with a new report, looking at the financial stability implications of DLT-based #tokenized financial assets. They refer specifically to the digital representation of financial assets using #DLT, distinct from #CBDCs and specific #cryptoassets. The current scope primarily involves tokenizing financial assets like securities and bank deposits while avoiding purely digital assets like #Bitcoin. Adoption remains limited, although the trend is increasing with applications in trading, investment, and payments. Projects often operate on permissioned DLT platforms, using DLT’s features to tokenize assets like government #debt and #equity stakes in private markets, and in some cases facilitating tokenized payments. The advantages of tokenization include potential cost reductions through enhanced clearing, settlement, and record-keeping efficiencies, while also offering greater transparency and improved accessibility via fractional ownership. Additionally, DLT-based #programmability enables advanced features like smart contracts, which could automate complex processes and foster new financial products. Despite these potential benefits, the FSB notes that challenges remain like #liquidity and maturity mismatches where tokens may appear more liquid than the assets they represent. This can heighten risks during market stress, as liquidity demands might be misaligned with underlying assets. Tokenization also brings interconnectedness concerns, as DLT platforms grow and increase in complexity, potentially creating contagion risks if a failure occurs. Operational risks stem from dependence on third parties, such as #custodians and data oracles, and, in the case of permissionless blockchains, there is often no central authority to manage operational risks, which adds vulnerabilities. Leverage concerns may arise from rehypothecation and the opaque complexity of tokenized assets, as intricate structures could obscure risks from investors and regulators. Moreover, regulatory and legal challenges, including #AML and #CFT compliance on permissionless platforms, require attention, particularly as tokenization expands across jurisdictions with differing legal interpretations and standards.

U.S. Securities and Exchange Commission commissioner Mark Uyeda acknowledged that asset tokenization, including tokenization of #securities, carries potential benefits. Uyeda said on June 14 that representing asset rights with a digital token on a #blockchain can provide “security, transparency, and immutability.” Furthermore, he said that #tokenization removes the need for intermediaries, thereby streamlining transactions and lowering transaction costs. Uyeda named tokenization as part of broader technology advancements, stating “New technologies and innovations might provide further efficiencies to our global markets and investors.” Uyeda cited a 2020 The Depository Trust & Clearing Corporation (DTCC) whitepaper, which indicated dozens of countries have stopped using physical securities certificates as they adopt new technology that dematerializes US securities. Uyeda also acknowledged that the UK Financial Conduct Authority’s Asset Management Task Force began to review the tokenization of FCA-authorized funds starting in November 2023. He said: “It is important to highlight the depth of research [the FCA is] undertaking to allow for innovation and growth while still protecting investors from harm.” He added that the FCA’s review could inform other regulators’ steps and urged regulators to address tokenization’s costs, benefits, and risks. The Depository Trust & Clearing Corporation (DTCC) Digital Assets Global Head and Managing Director Nadine Chakar described the benefits of tokenization before the US Congress on June 5th. She said that tokenization has the potential to streamline transactions, reduce costs, and broaden investor access across financial markets. VanEck CEO Jan van Eck described liquidity and regulation as potential obstacles to the advancement of tokenization in the financial sector. More details in the CryptoSlate article by Mike Dalton. #AltBanking The leading aggregator, bringing the best actionable news, information and opportunities in this rapidly evolving ecosystem right to you. Follow us to stay up-to-date! #Web3 #fintech #finance #DeFi #DLT #tokenisation #digitalassets #RWA https://lnkd.in/g_WvQ4ty

“The plan is to develop an interoperable network for multi-asset transactions that aim to operate on a 24/7, programmable shared ledger. Building on the results of a previous industry PoC, this project will further research the settlement of tokenized cash and securities on a common system….” #Settlement #Tokenisation #Cash #Securities #SharedLedger #thefutureoffinance

When ownership of all tokenised assets used in a single transaction is recorded on the same ledger, the transaction can be settled “atomically”, or simultaneously, 24/7. = instantaneous means less time to detect and prevent fraud/mistakes.👀

ASIC Consults on Updated Crypto Guidance–What's New? | K&L Gates LLP - JDSupra: The Australian Securities and Investments Commission (ASIC) recently released proposed updates to Information Sheet 225 (INFO 225) and a ...

SEC vs. Consensys: Are MetaMask Swaps and Staking operating as unregistered securities brokers? This could have huge implications for liquid staking.