Yasuda on Tokenization

The new frictionless cash portal, in partnership with Delio Wealth, went live this weekend and is now officially in live beta.
This strategic delivery will provide energy Asset Manager and GP an out-of-the-box tokenized fund platform without disruption or complexities of leveraging multiple 3rd parties.
By leveraging Delio's industry-leading private market infrastructure, to provide GPs with a seamless, efficient investment experience, marking a pivotal advancement in digital asset management and tokenization solutions.

Donald Trump's victory, the huge ETF inflows and the increasing awareness of bitcoin have seen 6 days of mega-trading, with BTC hitting new all-time highs and busting straight through the 82,000 USD/BTC mark this morning.

Donald Trump's election as the next US President is expected to usher in a more favorable regulatory environment for blockchain and cryptocurrencies. Trump has positioned himself as a pro-crypto candidate, promising to establish a "national strategic crypto stockpile" and create a "Bitcoin and Crypto Presidential Advisory Council" aimed at providing clearer and more favorable regulatory guidelines. A key part of his platform includes replacing SEC Chair Gary Gensler, known for his stringent stance on crypto regulation, with a more industry-sympathetic figure. This shift is anticipated to ease some of the pressures the industry has faced under recent SEC crackdowns.
The potential regulatory changes under a Trump administration could include a more permissive approach to token classifications, potentially relaxing standards around securities and tokenized assets. This could enable crypto businesses to operate with greater flexibility and potentially attract more capital and talent to the US crypto and blockchain sectors. However, the balance between fostering innovation and ensuring investor protection remains a crucial consideration. While the crypto industry largely views these potential changes positively, some experts caution that reduced oversight could amplify market volatility and potentially expose investors to increased risks in an already speculative market.

Archax, the UK-based and FCA-regulated digital asset exchange, broker, and custodian, has announced its agreement to acquire King & Shaxson Capital Markets (KSCM), a Spanish brokerage firm. This strategic move, subject to regulatory approval in Spain, will allow Archax to extend its regulated brokerage, Multi-Lateral Trading Facility (MTF), and custody services into the European Union market. The acquisition is particularly significant in light of the upcoming implementation of the Markets in Crypto-Assets Regulation (MiCAR) in the EU.
Upon completion of the acquisition, KSCM will be renamed Archax Markets Europe, S.A. and become a wholly-owned subsidiary of Archax Group. This expansion will not only enhance Archax's regulatory footprint in the EU post-Brexit but also broaden its capabilities, particularly in distribution and crypto derivatives. Graham Rodford, CEO and co-founder of Archax, emphasized that this move aligns with their strategy to expand globally, with the EU region being of prime importance. The acquisition positions Archax well for the evolving regulatory landscape in the European crypto market while extending its range of services to a broader European client base.

Securitize Inc., has launched Securitize Fund Services, a comprehensive platform designed to streamline fund administration for tokenized assets. This launch coincides with Securitize surpassing $1 billion in tokenized assets on-chain, marking a significant milestone for the company. The new platform integrates token issuance, capital raising, secondary trading on a regulated Alternative Trading System (ATS), transfer agent services, and fund administration capabilities, addressing inefficiencies in traditional fund management.The Securitize Fund Services platform aims to solve longstanding challenges in fund administration by digitalizing investor onboarding, automating workflows through smart contracts, and enabling on-demand issuance and redemption of tokenized securities.
This unified solution caters to both traditional finance firms and web3-native institutions, offering end-to-end services for managing tokenized assets. Securitize has partnered with major asset management firms including BlackRock, Hamilton Lane, and KKR, positioning itself as a key player in bridging the gap between traditional finance and blockchain technology. The platform's launch represents a significant step forward in making private markets more accessible and efficient through tokenization.

Cartwright, a UK-based pension specialist, has guided an unnamed UK pension fund to allocate 3% of its total assets to Bitcoin, marking the first such investment by a defined benefit pension scheme in the country. The allocation, made in October 2024, involves approximately £1.5 million of the fund's £50 million (€59.5 million) total assets. This pioneering move came after a rigorous training and due diligence process conducted by Cartwright with the scheme's trustees.The investment strategy emphasizes Bitcoin's asymmetric risk-return profile and aligns with the scheme's long-term investment horizon. Cartwright has implemented a secure custodial solution, with the Bitcoin held directly in "cold storage" using a multi-signature approach involving three institutional custodians.
The firm views this allocation as potentially trend-setting, drawing parallels to pension schemes' adoption of equities in the 1970s and high-yield bonds in the 1980s. Cartwright is also working with a second, larger UK pension fund on a potential Bitcoin allocation and has created a solution with a low minimum investment threshold to make Bitcoin accessible to pension schemes of various sizes.

November 11th 2024