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* Home * Premium * Contributors * Channels * All * Bailout * Commodities * COVID-19 * Crypto * Economics * Energy * Geopolitical * Markets * Medical * Military * Personal-Finance * Political * Technology * Weather * Partners * The Market Ear * SpotGamma * Debates * About * More * RSS * Donate * Advertise * Merch LOGIN Watch Debates LOGIN Log in with Google -------------------------------------------------------------------------------- or -------------------------------------------------------------------------------- Username/Email Password Login Create new accountReset your password This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. ZeroHedge Reads * Alt-Market * AntiWar.com * Bitcoin Magazine * Bombthrower * BULLIONSTAR * Capitalist Exploits * Christophe Barraud * Dollar Collapse * Dr. Housing Bubble * Financial Revolutionist * ForexLive * Gains Pains & Capital * Gefira * GMG Research * Gold Core * Implode-Explode * Insider Paper * Liberty Blitzkrieg * Max Keiser * Mises Institute * Mish Talk * Newsquawk * Of Two Minds * Oil Price * Open The Books * Peter Schiff * QTR’s Fringe Finance * Safehaven * Slope of Hope * SpotGamma * TF Metals Report * The Automatic Earth * The Burning Platform * The Economic Populist * The Libertarian Institute * The Saker * Themis Trading * Value Walk * Visual Combat Banzai7 * Wolf Street Expand -------------------------------------------------------------------------------- DTCC, CHAINLINK COMPLETE FUND TOKENIZATION PILOT WITH JPMORGAN, TEMPLETON AND OTHER FINANCIAL GIANTS PARTICIPATING by Tyler Durden Friday, May 17, 2024 - 09:40 AM By Tom Mitchelhill of CoinTelegraph The world’s largest settlement system, the Depository Trust and Clearing Corporation (DTCC), and blockchain oracle Chainlink have wrapped up a pilot program with several major banking firms in the United States to increase traditional finance fund tokenization. 1 / 8 Galaxy Digital Tokenizes 316-Year-Old Violin to Back Loan Read More 431 Video Player is loading. Play Video Unmute Duration 0:00 / Current Time 0:00 Advanced Settings Loaded: 0% 0:00 Remaining Time -0:00 FullscreenPlayRewind 10 SecondsUp Next This is a modal window. Beginning of dialog window. Escape will cancel and close the window. TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaque Font Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall Caps Reset restore all settings to the default valuesDone Close Modal Dialog End of dialog window. Share Settings Playback Speed Normal Closed Captions Off Replay the list TOP ARTICLES * Powered by AnyClip * Privacy Policy * Keyboard Shortcuts Galaxy Digital Tokenizes 316-Year-Old Violin to Back Loan The Smart NAV Pilot program was conducted to standardize a method of providing net asset value (NAV) data of funds across blockchains using Chainlink’s Cross-Chain Interoperability Protocol (CCIP), according to a May 16 DTCC report. “The pilot found that by delivering structured data on-chain and creating standard roles and processes, foundational data could be embedded into a multitude of on-chain use cases, such as tokenized funds and ‘bulk consumer’ smart contracts, which are contracts that hold data for multiple funds,” it wrote. These capabilities could support future industry exploration, as well as powering “numerous downstream use cases” like brokerage applications, more automated data dissemination and easier access to historical data for funds, it said. The pilot helped establish better-automated data management, limited impact on existing market practices for traditional financial institutions, enabled clients to retrieve historical data without manual record keeping and provided broader application programming interface (API) solutions for price data, the DTCC’s report noted. The United States banking firms that participated in the pilot include American Century Investments, BNY Mellon, Edward Jones, Franklin Templeton, Invesco, JPMorgan, MFS Investment Management, Mid Atlantic Trust, State Street and U.S. Bank. LINK has gained over 130% in the last 12 months amid a broader uptick in the crypto market. The DTCC report comes amid wider enthusiasm for real-world asset tokenization from major traditional financial institutions. On March 19, BlackRock launched a tokenized money market fund dubbed BUIDL on the Ethereum network, offering native U.S. dollar yields. The fund allows investors to purchase tokens representing shares in the fund, which invests in assets like U.S. Treasury bills. The fund is referred to as the “digital liquidity fund” because it is digitized on the Ethereum blockchain and operates as an ERC-20 token called BUIDL. 14,08059 MORE CRYPTO STORIES ON ZEROHEDGE BITCOIN'S 5TH EPOCH: PROPHECIES OF WHAT'S TO COME FIDELITY DOMINATES BITCOIN ETFS' SECOND-BIGGEST NET INFLOW DAY EVER AS CRYPTO SOARS WHAT HAPPENED TO BITCOIN? NEVER MISS THE NEWS THAT MATTERS MOST ZEROHEDGE DIRECTLY TO YOUR INBOX Receive a daily recap featuring a curated list of must-read stories. Show Comments WANT MORE OF THE NEWS YOU WON'T GET ANYWHERE ELSE? SIGN UP NOW AND GET A CURATED DAILY RECAP OF THE MOST POPULAR AND IMPORTANT STORIES DELIVERED RIGHT TO YOUR INBOX. -------------------------------------------------------------------------------- NVDA > SEMIS > SOFTWARE NVDA beating its own record Below is 10 day rolling average of NVDA vs. Semis (SOX) ... we can see that NVDA has outperformed the SOX by ~21pts over the last 10 days, the biggest such stretch of (10 day) outperformance dating back to 2017. -------------------------------------------------------------------------------- SOMETHING IS REALLY CHANGING India - emerging market for a reason Macro trades keep on imploding left right and center. Yesterday we pointed out that something was happening in cross-asset macro, and that we did not like the smell of it. That trend continues today. First out, the darling macro trade of late, Sensex, is puking, putting in a massive down candle. Note we touched the 200 day almost. -------------------------------------------------------------------------------- SUDDENLY THESE 2000 COMPARISONS ARE BACK IN VOGUE AGAIN Popular chart crime NVDA since May 2016 when Alphabet CEO Sundar Pichai first formally referred to the company as a leader in an “AI first world” compared to the performance of CSCO starting in February 1992 when America Online had its IPO. As shown, both stocks had insane and strikingly similar runs in the eight years following each of those events. -------------------------------------------------------------------------------- SHORTS IN HIBERNATION The evaporated short The SPX notional short is at its most subdued point since 2014... Upgrade to Premium TODAY'S TOP STORIES Previous REPORT DETAILS US TROOP 'LAND CORRIDORS' IN EVENT OF EUROPEAN GROUND WAR WITH RUSSIA THESE ARE THE 10 DEADLIEST ANIMALS FOR HUMANS DURING THE GREAT DEPRESSION THEY WERE CALLED "HOOVERVILLES", BUT TODAY AMERICA'S SHANTYTOWNS ARE CALLED... PORSCHE TAYCAN'S VALUES PLUNGE; MERCEDES, STELLANTIS PAUSE EV BATTERY FACTORY ON SLIDING DEMAND BMW ADMITS NOT CHANGING LOGO TO LGBTQ COLOURS IN MIDDLE EAST DUE TO "CULTURAL ASPECTS" "THIS IS HORRIFYING": BALTIMORE COUNTY RELEASES ILLEGAL ALIEN SEX OFFENDER, DEFYING DHS' DETAINER REQUEST UKRAINE OFFICERS SAY RECRUITS ARRIVE AT FRONT LINES PATHETICALLY UNDERTRAINED GERMAN LAWMAKER URGES ACTIVATION OF 900,000 RESERVISTS OVER RUSSIAN THREAT TO EUROPE PLURALITY OF AMERICANS BELIEVE TRUMP TRIAL WAS POLITICALLY MOTIVATED; NEW POLL FINDS STUDENT DEBT CANCELLATION IS EXTREMELY UNFAIR - HERE ARE 10 REASONS WHY... 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