blockchaininfinance

🚀 Tradeweb Launches On-Chain Auction for $820B CD Market

Tradeweb Markets, a prominent electronic trading firm, has reached an important milestone by conducting the industry's inaugural fully electronic on-chain brokered Certificate of Deposit (CD) auction. This crucial deal, between Gateway First Bank and InspereX, highlights the swift digital transformation of the historically manual fixed-income sector.

The auction utilized Alphaledger’s blockchain technology, which promptly logs every occurrence as a permanent, cryptographically validated entry. This digital process significantly boosts efficiency, enhances price discovery, and offers a strong, traceable record, removing the dependence on slow, paper-driven methods.

With approximately $820 billion in outstanding brokered CDs, the opportunity for modernization is significant. This action hastens the institutional acceptance of Real-World Asset (#RWA) tokenization, establishing new, more open avenues for issuers and investors.

* #USDC: A compliant stablecoin frequently utilized in institutional DLT transactions for the "cash leg," facilitating nearly instantaneous, atomic settlements.

* #solana L (Solana): Alphaledger has developed its Vulcan Forge tokenization platform to utilize scalable blockchain technology, indicating a move towards high-throughput networks for upcoming institutional assets.

#Tradeweb #Tokenization #RWA #FixedIncome #BlockchainInFinance

*EUROD Stablecoin Launch: European Bank's Bold Move into Crypto*

175-year-old French bank ODDO BHF launches EUROD, a euro-backed stablecoin on Polygon network! This significant move showcases traditional finance embracing blockchain technology.

*Key Highlights:*

- *EUROD*: Fully compliant with EU's MiCA regulations
- *Polygon Network*: Chosen for faster and cheaper transactions
- *Bit2Me Exchange*: EUROD now live for trading
- *Market Signal*: Traditional institutions embracing Web3 and blockchain

#Polygon #Web3 #Stablecoin #Eurod #BlockchainAdoption

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European banking giant ODDO BHF debuts EUROD stablecoin on Polygon, signaling growing institutional interest in blockchain. EUROD offers stability, security, and compliance with EU's MiCA framework.

#ODDOBHF #EURODStablecoin #PolygonNetwork #BlockchainInFinance