Yvan De Munck

🌐 Innovative Finance: Iran & Russia’s CBDC and Tokenized Assets Collaboration 🌐 🤝 #GlobalFinanceCollaboration Iran and Russia are making headlines with their cooperative efforts to develop a Central Bank Digital Currency (CBDC) and explore the potential of tokenized assets. Let’s unpack this groundbreaking initiative! Introduction: 💡 #DigitalCurrencyEvolution Amidst sanctions and the quest for financial autonomy, Iran and Russia are joining forces to create their own CBDC and framework for Digital Financial Assets (DFAs), marking a significant move in the global financial landscape. Key Points: -🏦 #CBDCDevelopment Both nations are actively working on a CBDC as a means to facilitate cross-border settlements, bypassing traditional financial systems and sanctions. -📜 #LegislativeProgress Russia has recently passed legislation allowing the use of DFAs in payments, paving the way for a more integrated financial technology ecosystem. -💼 #TradeFacilitation This collaboration aims to simplify trade between the two countries, which have been seeking alternatives to Swift for international payments. -🌟 #FinancialInnovation The move is part of a broader effort within the BRICS nations to develop financial technologies that could potentially challenge the current global payment systems. -📅 #Timeline The earliest we could see the CBDC go live is January 2025, following the implementation of Central Bank of the Russian Federation (Bank of Russia) bylaws. -🤔 #Considerations The development of these digital currencies raises questions about the future of international trade and finance, particularly in relation to sanctions and the dominance of traditional currencies. Industry Relevance: -🚀 #FinanceSectorImpact For those of us in the financial services industry, this development is a clarion call to pay attention to the evolving landscape of digital currencies and their potential to reshape global finance. Additional Insights: -🌎 #BRICSFinancialInnovation With Brazil’s #Pix Brazil instant payment system, Russia’s Faster Payments System (FPS), India’s Unified Payments Interface (UPI), and China’s digital yuan, BRICS is at the forefront of financial innovation. #PaymentSystems #DigitalEconomy -🔄 #UnifiedSystemPotential A unified system that allowed its central banks to settle outside the current system would be a game changer geopolitically. #CentralBanking #GeopoliticalShift 🔮 #FutureOfFinance The Iran-Russia CBDC and tokenized assets initiative is a bold step towards redefining the mechanics of international finance. It’s a development that could herald a new era of financial sovereignty and innovation. #CBDC #TokenizedAssets #IranRussiaFinance #DigitalInnovation #GlobalTrade #FinancialAutonomy https://lnkd.in/e8Mi4sGv

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🌍 Iran and Russia Explore CBDC and Tokenized Assets for Payments 🔄 Iran and Russia are collaborating to advance the use of central bank digital currencies (CBDC) and tokenized assets for cross-border settlements, a move driven by their exclusion from traditional international payment systems like SWIFT. This partnership highlights an emerging trend in the global financial landscape, where nations explore alternative payment mechanisms under economic constraints. Key Developments: 1️⃣ Legal Framework Adjustments: Recent legislative changes in Russia now permit the use of digital financial assets, including tokenized commodities like gold, for cross-border payments, paving the way for these new financial interactions. 2️⃣ CBDC Advancements: Both nations are also examining the potential of CBDCs to streamline transactions and potentially mitigate issues related to exchange rate discrepancies, although practical deployment is anticipated to begin no earlier than January 2025. 3️⃣ Technological and Regulatory Challenges: The integration of such innovative financial instruments involves significant logistical challenges, including the need for counterparties to integrate with designated platforms and potentially open local bank accounts. 4️⃣ Strategic Financial Navigation: Amidst international sanctions, this initiative reflects a strategic pivot to alternative currencies and digital assets, aligning with broader efforts to maintain economic stability and continuity in international trade. 🌟 Reflections on Global Finance: This development is part of a broader narrative where countries under economic pressures explore innovative financial technologies to sustain and secure their international trade relationships. 💬 What are your thoughts on the use of digital currencies and tokenized assets in international finance? How do you see these technologies impacting global economic policies and trade in the future? 🔄 Share this post to discuss the evolving role of digital finance in global trade and the strategic maneuvers nations are making in response to economic sanctions. #DigitalCurrency #GlobalFinance #CBDC #Tokenization #Sanctions 📖 For a deeper dive into the specifics of this Iran-Russia financial collaboration and its implications for the future of international payments: https://lnkd.in/eqKUCurn

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Clearpool launches on Base — enabling institutional access to #DeFi credit via Credit Vaults! Portofino Technologies, a crypto-native HFT market-making institution, pioneers the inaugural Credit Vault on Base. Base, incubated by Coinbase, is an #Ethereum L2 with the security, stability, and scalability needed to power onchain apps together with seamless integration capabilities for fiat onramps. Credit Vaults allow borrowers to set their own parameters, including interest rates, repayment schedules, and KYC requirements, offering them greater control and customization options. Credit Vaults incentivize lenders with higher interest rates by optimizing efficiency and attracting new participants. "Clearpool's launch on Base has unlocked unparalleled access to its rapidly expanding top-tier ecosystem, which can seamlessly integrate with Coinbase's market-leading suite of services and partners," commented Jakob Kronbichler, CEO & co-founder of Clearpool. "This pivotal milestone opens new doors for a wide range of institutions to securely and compliantly access private credit onchain." Learn more about the launch 👇 https://lnkd.in/giCfReJd

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Jump Crypto president resigns amid CFTC investigation. Kanav Kariya, the president of Jump Trading’s digital asset arm, Jump Crypto, has stepped down amid reports of an investigation by the Commodity Futures Trading Commission (CFTC). Kariya announced his resignation on June 24 via social media, stating he plans to focus on personal relationships and reading while seeking his next venture. The details of the CFTC investigation into Jump Crypto remain unclear, but it may involve trading activities mentioned in the investor lawsuit and the SEC’s case against Terraform Labs. #Secret3 #cryptonews #blockchain #defi #cryptocurrency Read more: https://lnkd.in/gQchPGii

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DAF: panellists divided over the future of digital money. Panellists at the Digital Assets Forum discussed the role of stablecoins and CBDCs across the financial ecosystem https://lnkd.in/e3qcTT9Z #SecuritiesLending #banking

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Republic First Bank closed by US regulators — crypto community reacts Republic First Bank’s 32 branches across the United States will reopen under Fulton Bank starting next week, according to the FDIC. Read More: https://lnkd.in/eeb_K-Jx #virtualcoincap #bitcoin #cryptocurrency #blockchain #ethereum #ripple #money #trading #bitcoinmining #cryptocurrencies #bitcoinnews #cryptotrading #bitcoins #investment #investing #entrepreneur #cryptonews #invest #business #eth #bitcointrading #litecoin #trader #bitcoinprice #investor

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“What we bring to end-users is accessibility to an asset class that is otherwise very inaccessible.” — Securitize CEO Carlos Domingo Investing in tokenized funds through Securitize means lower minimums, shorter lock-up periods, and lower management fees. Check out the full video: https://lnkd.in/e8XZAXsC Investors can explore tokenized funds offered through our platform: https://lnkd.in/ejKGwiPp

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  Adrian Volenik Mon, Jun 24, 2024, 10:12 AM EDT4 min read 11 In this article: GME-3.13% From Memes To Millions: How Roaring Kitty Surpassed Another Unexpected Investing Icon Pages and pages have been written in the last few years about two surprising investing icons, Keith Gill and Nancy Pelosi. Gill, a former financial analyst, is widely recognized for igniting the GameStop surge in late 2020 through his YouTube channel as Roaring Kitty and his posts on Reddit. Gill’s transformation from a regular financial analyst to a multimillionaire is a tale of clever investments, internet fame, and the influence of social media. Using detailed analysis and his charismatic personality, he strongly promoted investing in GameStop (NYSE:GME) stock when it was about $5 per share. It was his belief in the undervalued potential of GameStop that resonated with many retail investors and sparked a movement that turned the stock into a sensation. In January 2021, the stock market was rocked by something unprecedented — the GameStop short squeeze. Retail investors, inspired by Gill’s analysis and frustrated by Wall Street hedge funds’ practices, bought GameStop shares en masse, driving the stock price up by over 1,500% to a short-lived peak of $483 per share. This event highlighted the power and influence of retail investors in the modern digital world. Today, Keith Gill’s financial status has reached new heights. After exercising his call options, Gill currently holds 9,001,000 shares of GameStop, which, at the time of writing, are valued at $25.59 per share. This amounts to approximately $230,335,590. If you add his $6 million in cash, his paper net worth is $236 million. It's important to note that the value of his holdings is subject to market fluctuations, and such concentrated investments carry significant risk. Trending: No generation before Gen Z has had this investment opportunity – How successful Zoomers plan to retire in their 30's. At the same time, his impressive portfolio has solidified his position as the fourth-largest investor in GameStop, just behind major players like RC Ventures, Vanguard, and BlackRock. While many believe there’s still potential in GME stock, the future is uncertain, given the stock’s volatility. Surpassing Nancy Pelosi Nancy Pelosi, the former Speaker of the House, is well-known for her considerable wealth, estimated to be between $120 million and $251 million. Her financial portfolio includes investments in tech stocks and various real estate properties, supported by her husband, Paul Pelosi’s successful venture capital firm. Pelosi’s wealth and investments have sparked some criticism. People say her large fortune doesn’t match her views on income inequality. There's also worry that her investments, especially in tech stocks, involve insider knowledge, creating a conflict of interest.

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Chainlink has partnered with crypto bank Sygnum Bank and Fidelity International to bring net asset value (NAV) data onchain. By bringing the data to the blockchain, the firms plan to offer greater transparency and accessibility for tokenized assets. In particular, the partnership will bolster Sygnum's recently tokenized $50 million from Matter Labs, which is held in Fidelity International's $6.9 billion Institutional Liquidity Fund. Chainlink will provide the secure storage and automated synchronization of NAV data for these tokens on the ZKsync blockchain, a participant in Chainlink’s SCALE program. “Fund tokenization is likely the largest digital asset trend happening today, and it is a large confirmation that global asset management firms are entering this growing market,” said Sergey Nazarov, co-founder of Chainlink. “The global reach and efficiency benefits of tokenized funds are far greater than traditional methods and will over time become the way the entire asset management industry operates.” A Smart NAV industry pilot held by Depository Trust and Clearing Corporation (DTCC) and Chainlink was completed in May. “The pilot found that by delivering structured data onchain and creating standard roles and processes, foundational data could be embedded into a multitude of onchain use cases, such as tokenized funds and “bulk consumer” smart contracts, which are contracts that hold data for multiple funds,” DTCC said.

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Beyond Token Issuance ~ How Interoperability and Real-World Data Unlock the True Value of Tokenized Assets || April 2024 || Chainlink This report provides asset managers with critical industry insights into: 📌 The tokenized asset landscape, including an exploration of their benefits, a taxonomy for better classification and understanding, an outline of the tokenization process, and case studies that demonstrate the potential of this evolving asset class. 📌 The risks of tokenized assets, providing perspective and guidance around identifying and navigating the risks associated with the technology underpinning tokenized assets, including critical security and programmability considerations. 📌 Chainlink as key infrastructure and a risk filter for tokenized assets, featuring a highly secure and fully featured technology platform that enables financial institutions to develop customized, flexible, compliant, and future-proof blockchain applications and tokenized assets. #blockchain #tokenization #assetmanagement #digitalassets

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"Customers Bank, which services some of the largest names in crypto including Galaxy Digital, Coinbase, and Circle, has told some hedge-fund clients it can no longer provide them with banking services." Read the full report by Will Canny of CoinDesk in the link below. #cbcsummit #crypto #cryptobanking #cryptocompliance #cryptocurrency #banking #bankingcompliance #compliance #kyc #aml

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