Tokenization
S&P Global announces hybrid crypto and equities index
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S&P Global has unveiled plans for the S&P Digital Markets 50 Index, blending 15 cryptocurrencies with 35 crypto-linked public companies. The benchmark, developed with Dinari, aims to provide diversified exposure to the digital asset ecosystem. A tokenized version will track the index on-chain.
Ripple's legal chief has outlined three key forces driving cryptocurrency toward mainstream finance. These include quiet adoption, tokenization, and institutional integration. The executive predicts digital assets will achieve a normalized role by 2026.
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The New York Stock Exchange has announced intentions to launch a round-the-clock blockchain-based platform for tokenized stocks and exchange-traded funds later this year. This move forms part of wider efforts by traditional finance to integrate blockchain technology. Stablecoins are expected to facilitate transactions on the new exchange.
The chair of the US Securities and Exchange Commission, Paul Atkins, has forecasted that the entire American financial market could transition to blockchain technology within two years. This prediction comes amid fluctuating bitcoin prices and growing interest in tokenization. Atkins emphasized the benefits for transparency and risk management.
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Seven major Chinese financial associations have issued a joint warning against real-world asset tokenization and all virtual-currency-related activities. These are now classified as high-risk and unapproved. The announcement signals a sweeping crackdown on such practices.