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Backed Finance Tokenizes Treasury Bond ETF on Coinbase’s Base Network


Backed Finance, a real-world asset tokenization issuer, announced its successful issuance of the first tokenized security on Coinbase’s Base, a layer two (L2) blockchain. The team introduced bIB01 tokens to the decentralized finance (defi) sector, mirroring the price dynamics of the Ishares...

Singapore Grants Ripple Full License to Provide Crypto Services


The Monetary Authority of Singapore (MAS) has granted Ripple a full license to provide crypto services. “This license underscores the real-world utility of crypto solutions for businesses and financial institutions alike, marking an important step towards wider adoption of digital...

South Korean Central Bank Sets ‘Real-World’ CBDC Pilot Date


The South Korean central bank has set a date for its “real-world” CBDC pilot, with the first citizens slated to use the coin in the fourth quarter of FY2024. Per the broadcaster KBS, the Bank of Korea (BOK) will team up with the country’s top financial regulators – the Financial Services...

Israel Land Authority Examines Real Estate Tokenization Applications


The Israel Land Authority has called for blockchain experts to determine the different applications of distributed ledger technology in real estate. Implementing this technology could ostensibly present several advantages compared to traditional real estate transactions, which are qualified...

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