MANTRA
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Digital assets entered a new phase of mainstream adoption this week as Apex Group moved to acquire Globacap to scale U.S. fund tokenization, Hong Kong advanced tokenized settlement with 'Project Ensemble', and Saudi-backed projects pushed real world asset tokenization into hospitality.
Stablecoins evolved toward real asset backed models with Obex’s $37M raise and Tether’s growing gold reserves, while institutional flows diverged, with equities outperforming crypto even as players like Mubadala increased exposure.
Regulators intensified oversight, from the ECB’s stablecoin warning to U.S. hearings and Kenya’s licensing freeze, as banks like HSBC and UBS accelerated blockchain-based deposit and treasury integrations.
Security concerns persisted with over $1B lost to illegal mining and new enforcement actions, underscoring a rapidly maturing but still risk-laden digital asset landscape.
Read everything and more, here.
Stablecoins evolved toward real asset backed models with Obex’s $37M raise and Tether’s growing gold reserves, while institutional flows diverged, with equities outperforming crypto even as players like Mubadala increased exposure.
Regulators intensified oversight, from the ECB’s stablecoin warning to U.S. hearings and Kenya’s licensing freeze, as banks like HSBC and UBS accelerated blockchain-based deposit and treasury integrations.
Security concerns persisted with over $1B lost to illegal mining and new enforcement actions, underscoring a rapidly maturing but still risk-laden digital asset landscape.
Read everything and more, here.
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