#tradfi

BLINDED BY THE MEME leveraged up like a douche, missing another runnner on dex screen[er] Mental Barf 2024

➤ Bybit has launched a limited-time zero-fee trading campaign on its TradFi platform, removing commissions and swap fees on over 380 stock CFDs, commodities, indices, and forex pairs. ➤ This initiative coincides with the launch of Bybit's real-world asset portal, integrating TradFi and tokenized asset products, including tokenized equities and precious metals. ➤ The move intensifies competition among crypto exchanges like Crypto.com and Kraken, which are also expanding into traditional financial instruments to cater to crypto-focused traders.

➤ Dune Analytics reports increasing integration between traditional finance (TradFi) and cryptocurrency, driven by institutional adoption of blockchain for settlement, stablecoins, tokenization, and derivatives. ➤ Key developments include Paxos's registration as a central securities depository and DTCC's plans to tokenize assets on the Stellar blockchain, potentially expanding the RWA market significantly. ➤ The article highlights stablecoin adoption by banks and regulated derivatives trading, suggesting a convergence towards a hybrid market where regulation and technology transform digital finance.

➤ MicroStrategy (MSTR) does not have an official cryptocurrency; 'MSTR USDT' refers to USDT-settled derivatives or tokenized exposures that track MSTR's stock price, not actual shares. ➤ Platforms like WEEX TradFi allow crypto users to trade MSTR price movements using USDT as collateral, offering 24/7 access and leverage without traditional brokerage accounts. ➤ These tokenized instruments provide price exposure to MSTR, which is often seen as a high-beta proxy for Bitcoin due to MicroStrategy's significant BTC holdings, but do not confer equity, dividends, or voting rights.

➤ Blockmaze, backed by Finvasia Group, is launching a compliance-first infrastructure to bridge traditional finance and blockchain for tokenized real-world assets (RWAs). ➤ The platform aims to address the critical challenge of trust and legal ownership in RWA tokenization, with over 45 regulatory registrations across key global jurisdictions. ➤ Blockmaze seeks to accelerate RWA adoption by enabling issuers and institutions to bring assets on-chain securely, compliantly, and with legal recognition, targeting a $500 trillion global asset market.

➤ The DTCC is integrating tokenized stocks, ETFs, and U.S. Treasury bills with the Stellar public blockchain, marking a significant endorsement of public blockchain infrastructure by a legacy financial entity. ➤ This initiative aims to leverage Stellar's speed and low-cost cross-border settlement capabilities, signaling a move towards transparency and global liquidity in capital markets. ➤ The successful rollout could lead to a substantial influx of tokenized RWAs onto the blockchain, transforming Stellar into a foundational pillar for global capital markets.

➤ BTCC exchange has launched a 'TradFi Trading Carnival' offering USDT rewards for trading traditional financial instruments like precious metals, commodities, forex, indices, and stocks. ➤ The platform allows users to trade these assets using USDT as collateral, integrating traditional finance within the crypto ecosystem. ➤ The campaign includes various reward tracks for new and existing users based on trading volume, with further announcements on fee reductions expected.

➤ Mastercard has secured a BitLicense from the New York State Department of Financial Services, allowing for responsible integration of digital assets into its traditional finance offerings. ➤ This regulatory approval signifies Mastercard's commitment to operating within stringent frameworks for consumer protection and cybersecurity, supporting its strategy for stablecoins and tokenized deposits. ➤ The BitLicense enables Mastercard to enhance interoperability between traditional and digital financial systems, positioning it to expand digital asset infrastructure services in New York and mirroring similar moves by firms like Galaxy Digital.