Sygnum Bank’s Post

A step closer. We are building an ecosystem in the global stage; not just another exchange (or rather 3 as we run 3 trading venues - crypto derivatives, crypto spot (pending go-live) and securities)

𝐃𝐋𝐓 𝐝𝐞𝐦𝐲𝐬𝐭𝐢𝐟𝐢𝐞𝐝 𝐚𝐧𝐝 𝐃𝐞𝐅𝐢 𝐝𝐞𝐜𝐢𝐩𝐡𝐞𝐫𝐞𝐝 - 𝐰𝐚𝐭𝐜𝐡 𝐭𝐡𝐞 𝐧𝐞𝐰 𝐯𝐢𝐝𝐞𝐨 𝐭𝐨 𝐬𝐞𝐞 𝐡𝐨𝐰 21𝐗 𝐢𝐬 𝐫𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐢𝐳𝐢𝐧𝐠 𝐜𝐚𝐩𝐢𝐭𝐚𝐥 𝐦𝐚𝐫𝐤𝐞𝐭𝐬 Today saw the 'premiere' of a new video for Frankfurt-based 21X - European DLT Exchange, explaining all about this brilliant start-up and the fully regulated digital asset trading and settlement infrastructure it will soon launch once it secures the regulatory green light from the European Securities and Markets Authority (ESMA). Special thanks to Jeffrey Hartjes, Severin Kranz and the entire team at 21X, as well as Robin Schwarzfeld and the stellar crew at ALBATROS Group, whose expertise transformed initial concepts scribbled on the back of a beer mat into an outstanding corporate video. So, if you want to understand why #blockchain is not a police cordon to stop speeding motorists, or that #tokenization has nothing to do with symbolic efforts to be inclusive to members of minority groups, spend just a couple of minutes watching this video. In no time you'll understand why distributed ledger technology (#DLT) and decentralized finance (#DeFi) are the disruptive forces that spell the death knell to traditional finance. And you'll know the reason why 21X is set to transform from a start-up #fintech into the leading venue in Europe for the trading of tokenized assets. You heard it here first. Stay ahead of the curve - watch the video now! https://lnkd.in/eueDVbFZ #RWA #SecondaryMarket #capitalmarketstechnology #digitalsecurities

Deutsche Börse | Clearstream | The Depository Trust & Clearing Corporation (DTCC) |Euroclear - Advancing the Digital Asset Era, Together Source: https://lnkd.in/gsfQyiFV #digitalassets #cryptoassets #evolution #blockchain #fmi Highlights: As we shift from learning to commercialisation, the challenges that lie ahead are very different from those that we have faced so far. Years of smaller-scale deployments have in part resulted in sub-scale, isolated pools of instrument liquidity on proprietary DLTs, which now form obstacles to further industry growth. With a small number of DLT protocols today handling significant, consolidated trading volumes, the fragmentation of digital liquidity and immobility of tokenised value could create barriers, leaving digital assets more costly to maintain and transfer than their traditional counterparts in the short term. Yet, in the medium- and long-term, there are significant opportunities for which the foundations have begun to be laid. As FMIs, we view our role as helping to drive digital transformation in the industry by facilitating scale, ecosystem connectivity and industry-wide consistency. Having provided financial market participants with neutral, resilient and trusted connectivity since the inception of dematerialised securities, we are uniquely positioned to enable the next phase of DLT’s growth. Working in collaboration with industry players, our aim is to connect the industry and to break down barriers to digital asset security adoption (with a focus on real-money assets) by facilitating: • Reduced costs of connectivity and entry for existing and new market entrants. • Standardisation of processes across the digital asset lifecycle — and hence, reduced operating risk and costs. • Consistent operating standards for platforms, assets and smart contracts within a well-regulated framework. • Increased optionality and choice of platforms, facilitating connectivity through greater industry consensus on integration and standards. • Improved interoperability between traditional securities and payment infrastructures, supporting ongoing automation across the asset lifecycle. By co-creating new solutions with traditional and new market participants, we look forward to facilitating greater interoperability across DLT protocols and with traditional systems, as well as the adoption of standards across the trade lifecycle of the digital asset — thus enabling a more seamless realisation of the benefits of DLT and digital assets at scale.

With the tokenization revolution gaining unstoppable momentum, we were delighted to take center stage at the Digital Securities & Tokenization (#DST23) Conference in Frankfurt. Mark Mayerfeld, our esteemed CRO, delivered a powerful message emphasizing the urgent need for industry collaboration to drive the widespread adoption of tokenization. He underscored the critical role of robust infrastructure in supporting this transformative technology. #tokenization #blockchaintech #digitalassets

Aptos Labs CEO Mo Shaikh Appointed to CFTC's Digital Asset Committee According to Foresight News, Mo Shaikh, the co-founder and CEO of Aptos Labs, has been appointed as a member of the Digital Asset Committee by the U.S. Commodity Futures Trading Commission (CFTC). The Digital Asset Committee is comprised of 34 members, including executives from BlackRock, Polygon Labs, Uniswap Labs, and BNY Mellon. The appointment of Shaikh to the committee signifies the CFTC's ongoing commitment to understanding and regulating the rapidly evolving digital asset space. The inclusion of representatives from various leading firms in the committee ensures a diverse range of perspectives and expertise in the field of digital assets. #SEC #ETF #DeFi #Metaverse #crypto #compliance #news #virtualcurrency #law #USA #India #Tokenization  #cftc # Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content.

"BitMEX isn’t trying to become a be-all, end-all DLT player, but by focusing on practical iterations for derivatives traders, it is helping the broader industry move towards the bigger picture – while carving out a place for centralized crypto exchanges." Our CEO Stephan Lutz sat down with Jame DiBiasio of DigFin Group last week to discuss BitMEX's strategy and product development following the #FTX debacle, as well as taking steps forward to rebuild the future of #CEXs. https://lnkd.in/ghSe3jBi

🌐 Join us for a visionary panel discussion at #CCDAS: "Future-proofing the Digital Asset Industry: Ensuring Growth Amidst Regulatory Uncertainty." 🚀 Our distinguished speakers share their insights: 🎙️ Dr Lisa C.: "There is no going back; this industry is here to stay. Our focus is to manage consumer risk, put the regulations in place, and harness the potential of the asset class. We do have a digital generation ahead, and this is like a new industrial revolution. So, we want the UK to be at the helm of it." 🎙️ JB Graftieaux, CEO of Bitstamp: "MiCA is important to increase consumer protection and help customers enter the crypto space as it establishes a level playing field. It helps to avoid the complexity and the fragmentation that we are experiencing today and will help reduce the legal and regulatory fees crypto players have to face now to stay in compliance." Don't miss this opportunity to gain profound insights into the future of the digital asset industry amidst regulatory challenges. See you there! 📊 

Amongst friends who are also peers. In this bear market and the last, we've been fortunate to have built relationships with Bitvavo 🇳🇱, Sygnum Bank🇨🇭, and finReg360 🇪🇸 who've been pillars in our industry in their respective fields and markets along with Aisot Technologies🇨🇭. Together, I'm looking forward to discussing exactly what #EBC9 wants us to discuss: "Crypto in 2024: Where is the Opportunity?" See you in #Barcelona next week!

We're thrilled to announce our collaboration with MultichainZ, a leader in cross-chain technology! The MultichainZ platform is uniquely powered by Liquid Staking Derivatives (LSDs) and cross-liquid staking, offering flexibility within the ecosystem. At Fyde, we recognise the importance of cross-chain integration in expanding the use case of the Liquid Vault. Through this partnership, our innovative Liquid Vaults will explore utilising MultichainZ's extensive experience in deploying across various chains, enhancing our ability to manage liquidity and assets across various networks. This partnership not only sets new standards in on-chain asset management but also ensures our users can access the most effective and versatile solutions. The success of a crypto project is often tied to the success of its Layer 1. We aim to mitigate risks such as these in the future by diversifying exposure across multiple L1s. Together, we are taking a significant step towards pioneering advanced cross-chain solutions. #FydeTreasury #DeFi #FinTech #AI

📢 Crypto Oasis Daily News A recent paper titled "Institutional Interoperability: How Financial Institutions Navigate a Multichain World" explores achieving interoperability for tokenized assets across various blockchains and legacy systems. Financial giants like Citi and Deutsche Bank, alongside Web3 innovators such as Axelar Foundation, contributed insights. The paper outlines the potential for trillions in tokenized asset value, emphasizing the need for interconnected networks. Contributors will discuss findings at the Point Zero Forum in Zurich Learn more: https://lnkd.in/d-B6GeTx Source: Crowdfund Insider