Here is what we have in store in this Market Summary:
1. Former BNY executive launches NUVA focused on tokenized Wall Street infrastructure
2. Polymarket expands retail access to private markets
3. South Carolina signs pro-crypto and anti-CBDC legislation into law
4. Zama acquires TokenOps for encrypted token distribution systems
5. Tokenized equities trading volume reaches a new all-time high
Former BNY executive launches NUVA for tokenized financial markets
NUVA launched with nearly $19B in tokenized real-world assets from Figure Technologies.
The platform is positioning itself as a chain-agnostic marketplace connecting issuers with investors looking for yield-bearing tokenized assets.
Read the full article by CoinDesk here
Polymarket expands prediction markets into private companies
Polymarket partnered with Nasdaq Private Market to launch prediction markets tied to privately held companies.
The new markets allow retail users to trade on major company-related outcomes that were previously only accessible to institutional and accredited investors.
Nasdaq Private Market will provide the transaction and valuation data used to settle the contracts, while the markets themselves could offer real-time pricing signals around major startups and private companies.
Read the full article by CoinDesk here
South Carolina signs pro-crypto and anti-CBDC bill into law
South Carolina signed new legislation establishing a broader legal framework for cryptocurrency users and businesses in the state.
The law protects the right to use digital assets for payments and allows individuals to self-custody crypto through self-hosted and hardware wallets. It also blocks state entities from accepting payments in central bank digital currencies and includes support for crypto mining activity.
Read the full article by The Block here
Zama acquires TokenOps for encrypted token infrastructure
Zama acquired TokenOps to expand encrypted infrastructure for institutional token distributions.
TokenOps has processed more than $2B in token distributions, while Zama plans to integrate Fully Homomorphic Encryption across vesting systems and cap table management on public blockchains including Ethereum and Solana.
Read the full article by The Block here
Tokenized equities trading volume reaches record $3.57B
Trading volume for tokenized equities climbed to a record $3.57B. Most of the volume came from Binance and Hyperliquid, which have become the main venues for tokenized equity and real-world asset trading activity this year.
The latest increase continues a broader rise in blockchain-based trading access to traditional financial assets.
Read the full article by The Block here
✦ ✦ ✦
Disclaimer:
The content covered in this newsletter is not to be considered investment or financial advice. It is for informational and educational purposes only. The views and opinions expressed in this publication do not reflect those of AP Collective.
Comments
Nothing yet. Say the first thing.
Sign in to join the conversation.