#tokenized-debt

➤ Fintech Group 'SVOY' successfully placed 100 million rubles of tokenized debt obligations in the CFA format on the Atomyze platform. ➤ The issuance, with a 19.25% fixed rate for 12 months, marks the company's first experience with distributed ledger technology, diversifying its funding structure. ➤ The funds raised will support business scaling, highlighting SVOY's commitment to on-chain financing and its image as a modern, technological holding.

➤ Arbitrum Network has reached a significant milestone, tokenizing $341.9 million in non-U.S. government debt, positioning it as the second-largest blockchain in this category after Stellar. ➤ This achievement highlights the growing institutional adoption of real-world assets (RWAs) on blockchain, offering benefits like faster settlement and increased transparency. ➤ Despite challenges in ARB price and Total Value Locked (TVL), Arbitrum's RWA growth indicates increasing institutional interest in Layer-2 solutions for financial operations.

➤ Midas has integrated its mGLOBAL token into Aave Horizon, enabling institutional investors to use tokenized alternative debt as collateral. ➤ This allows qualified users to borrow USDC against their mGLOBAL holdings, which track Fasanara Capital's private credit strategy, without selling their underlying investments. ➤ The integration aims to enhance liquidity for tokenized private credit by combining internal allocations, credit facilities, and institutional partners.

➤ Governments globally are actively tokenizing debt, with significant progress reported by the ECB, UK, and various Asian nations. ➤ This trend includes tokenized securities becoming eligible collateral and the issuance of digital gilts and US Treasury bills. ➤ The underlying blockchain infrastructure, including XRP and Stellar, is positioned to handle this massive shift in global debt settlement.

➤ Anchorage Digital is providing institutional custody for tokenized Mexican Federal Treasury Certificates (CETES) on the Stellar network, creating a regulated lifecycle for sovereign debt. ➤ This initiative, involving Etherfuse for tokenization and Anchorage Digital for custody, aims to serve as a blueprint for tokenizing real-world assets, addressing institutional adoption barriers. ➤ The move highlights a strategic focus on Latin America, offering attractive yields and improved efficiency for cross-border transactions, and signifies a growing trend in tokenized real-world assets.

➤ Centrifuge and Ethena have launched $200 million in tokenized AAA-rated CLO tokens (JAAA) on the Solana blockchain. ➤ These tokens are backed by Janus Henderson's asset management platform and will serve as collateral for Ethena's synthetic dollar, USDe. ➤ This issuance expands institutional-grade assets within Solana's DeFi ecosystem and offers USDe holders indirect exposure to higher-yielding CLOs.

➤ Dollar-backed stablecoins dominate the market with a 99.76% share, driven by U.S. Treasury backing and liquidity advantages. ➤ While non-USD stablecoins have grown in supply, their market share remains marginal at 0.24% due to currency accessibility constraints and capital controls. ➤ The tokenization of U.S. government debt significantly outpaces that of other nations, reinforcing the dominance of dollar-denominated stablecoins.

➤ BlackRock has launched B-LEND, a platform for issuing, trading, and settling tokenized sovereign debt, specifically U.S. Treasury bills, on a private Ethereum network. ➤ The platform aims to improve liquidity by enabling real-time atomic settlement and allowing institutional investors to use tokenized debt as collateral in decentralized lending protocols. ➤ B-LEND represents a significant validation for the RWA thesis, integrating traditional finance with blockchain technology for enhanced efficiency and security, utilizing zero-knowledge proofs for privacy.