JPMorgan says tokenization will drive change across entire funds industry, but ‘good use cases’ still years away
"Tokenization is that it will become part of the ETF ecosystem, but we’re a couple of years away from some good use cases,” said the bank....
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Aurelion allocates $48M in tokenized gold to newly launched yield protocol
Aurelion allocated $48 million in tokenized gold to the newly launched XAUE yield protocol, enabling institutional investors to earn returns through lending and trading strategies. The Nasdaq-listed firm, backed by Tether Gold reserves, aims to transform gold from non-yielding to yield-generating assets. This marks a shift in tokenized commodities, positioning blockchain-based gold products competitively against traditional gold investments.
Trump's DOJ drops probe that stood in way of president's pick to run Federal Reserve
Trump's DOJ dropped its investigation into Federal Reserve Chair Jerome Powell, clearing Senate confirmation for nominee Kevin Warsh. Warsh, who holds crypto assets, could accelerate Fed policy favorable to Trump and crypto regulation. The move removes a Republican blockade, with confirmation odds surging to 80%. This signals potential reshaping of U.S. monetary and crypto policy.
Bitmine to buy 10,000 ether for $23.9 million from the Ethereum Foundation
Bitmine is purchasing 10,000 ETH from the Ethereum Foundation for $23.87 million in an over-the-counter deal. The treasury firm, led by Fundstrat's Thomas Lee, now holds 4.97 million ETH while pursuing a 5% supply target of roughly 6 million tokens. Foundation proceeds will fund protocol research and ecosystem development. ETH currently trades below the $2,387 sale price.