Bank of China Tokenises Securities on EthereumBank of China Tokenises Securities on Ethereum

cryptodailyPublicado em 2023-06-13Última atualização em 2023-06-13

Resumo

The Bank of China (BOCI) has made history by issuing tokenised securities on the Ethereum blockchain in Hong Kong.

The Bank of China (BOCI) has made history by issuing tokenised securities on the Ethereum blockchain in Hong Kong.
This revolutionary development signifies a significant stride forward in the adoption of decentralised finance and highlights Hong Kong's efforts to attract major players in the cryptocurrency industry, including Coinbase.
Tokenised Securities: Pioneering a New Era in Finance
The Bank of China's decision to issue tokenized securities on the Ethereum blockchain is a bold testament to the institution's acknowledgment of the tremendous potential of blockchain technology.
By harnessing the smart contract capabilities of Ethereum, BOCI aims to amplify the efficiency, transparency, and accessibility of traditional securities. Tokenisation paves the way for fractional ownership, heightened liquidity, and streamlined settlement processes, ushering in a revolutionary approach to trading, selling, and purchasing assets.
Hong Kong's Crypto-Friendly Stance
Hong Kong's ambitions to establish itself as a global hub for digital assets and cryptocurrencies have taken a significant leap forward with the Bank of China's introduction of tokenised securities. This milestone aligns seamlessly with the city's concerted efforts to allure leading cryptocurrency exchanges, with Coinbase expressing its interest in expanding its footprint in the region.
Hong Kong's proactive approach to embracing digital innovation and its regulatory framework, striking a balance between investor protection and industry growth, positions it as a potential destination for companies operating in the crypto space.
Unprecedented Accessibility and Enhanced Liquidity
By tokenising securities on the Ethereum blockchain, the Bank of China paves the way for investors, both institutional and retail, to access traditional financial assets with newfound ease and flexibility.
Tokenisation empowers fractional ownership, allowing investors to buy and trade smaller portions of high-value assets, thereby rendering previously illiquid investments more accessible. This democratisation of investment opportunities has the potential to revolutionise financial markets, expanding participation and fostering financial inclusion.
Advancing Blockchain Adoption
The Bank of China's pioneering initiative to issue tokenized securities represents a substantial stride in the adoption of blockchain technology within the conventional financial system. As a prominent financial institution, BOCI's embrace of blockchain validates its transformative potential to reshape the global financial landscape.
This progressive move is poised to inspire other institutions to explore the utility of blockchain and cryptocurrencies, propelling further innovation and nurturing a more inclusive and efficient financial ecosystem.

Leituras Relacionadas

The Battle for Control of the Tracks Enters the Second Half: Banks vs. Crypto, Who Will Have the Last Laugh?

The competition for control over the tokenization infrastructure, or the "rails," is intensifying, moving beyond initial asset listing to dominance over settlement, custody, and regulatory layers. Recent developments signal a shift in power towards traditional finance. Key evidence includes: the formation of the BankChain Alliance by 39 U.S. state banking associations to launch a banking-owned blockchain network; moves by market infrastructure giants like DTCC, ICE, and Citadel Securities to establish their own institutional-grade on-chain systems; the struggle of crypto-native custodians like ZeroHash (re-applying for a bank charter) and Copper (facing a severe valuation drop), highlighting that regulatory "license moats" are now more critical than technical advantages; and the launch of stablecoin USD1 by licensed trust bank BitGo on the permissioned Canton network, showing convergence of stablecoin issuance towards regulated entities. The analysis concludes this is not a simple "banks vs. crypto" battle but a redefinition of the foundational infrastructure. A clear division of labor is emerging: open public chains for DeFi and innovation, while bank-led consortium chains and licensed entities capture institutional settlement, tokenized deposits, and regulated custody. The defining question is no longer *if* an asset is tokenized, but *on which rails* it runs and *who controls* those rails, with regulation and牌照 providing the ultimate backstop.

marsbitHá 9m

The Battle for Control of the Tracks Enters the Second Half: Banks vs. Crypto, Who Will Have the Last Laugh?

marsbitHá 9m

Bitfinex Securities completes record $50M tokenized capital raise

Bitfinex Securities has completed its largest tokenized capital raise to date, securing $50 million for metals company Alkemya. The funds were raised through ALKN, a tokenized security representing interests in a Luxembourg-based partnership that owns approximately $1.64 billion worth of high-purity nickel wire. This surpasses Bitfinex's previous record raise of $30 million. For Alkemya, this marks its first tokenization project, allowing it to raise capital against its nickel assets. The proceeds will be used to commercialize engineered nickel products for applications like semiconductors. Additional ALKN tokens will be available to eligible investors until October 15, with secondary trading delayed until at least the next fundraising round.

cointelegraphHá 19m

Bitfinex Securities completes record $50M tokenized capital raise

cointelegraphHá 19m

Grove Invests in the Centrifuge Ecosystem

Grove, an institutional lending infrastructure protocol, has announced a partnership with Centrifuge, a platform for tokenizing and managing real-world assets (RWA) on-chain. As part of the deal, Grove purchased 37.8 million CFG tokens. Through Centrifuge's infrastructure, Grove has invested in products such as Apollo's ACRDX and Janus Henderson's JAAA and JTRSY. The companies aim to jointly foster the development of a more liquid and scalable on-chain lending market. This investment makes Grove a stakeholder in the Centrifuge ecosystem, with a vested interest in its growth and participation in protocol governance. The companies stated that the deal will strengthen long-term collaboration, combining Grove's capital distribution infrastructure with Centrifuge's asset tokenization and distribution technologies.

cryptonews.ruHá 20m

Grove Invests in the Centrifuge Ecosystem

cryptonews.ruHá 20m

SEC Submits Proposal to White House for Revising Crypto Asset Custody Rules

The U.S. Securities and Exchange Commission (SEC) has submitted a proposal to the White House for revising rules governing the custody of crypto-assets by investment advisers and funds. Dated August 25, 2026, the proposal—known as Amendments to the Custody Rules (RIN 3235-AN46)—has entered review by the Office of Information and Regulatory Affairs (OIRA). The SEC aims to clarify the regulatory framework for crypto-asset custody and modernize certain requirements it deems outdated in light of market and technological evolution. The proposal, classified as economically significant and deregulatory under Executive Order 14192, seeks to alleviate industry burdens by removing redundant rules rather than imposing new ones. This initiative emerges amid Congressional delays in passing the comprehensive Digital Asset Market Clarity Act (CLARITY). SEC Chair Paul Atkins previously indicated the agency would proceed with its own rules if CLARITY stalled. The SEC plans to publish a Notice of Proposed Rulemaking (NPRM) in October 2026, followed by a standard public comment period. The move marks a shift from the post-2008 Madoff scandal era, which spurred stricter custody rules, toward a more flexible approach for crypto markets. However, unresolved technical questions, such as the regulatory treatment of private key custody, remain. The proposal balances industry adaptability against potential risks, as reduced oversight could delay the detection of custody issues.

cryptonews.ruHá 21m

SEC Submits Proposal to White House for Revising Crypto Asset Custody Rules

cryptonews.ruHá 21m

THORChain Adds Direct Exchange of Monero and Zcash

THORChain, a cross-chain asset exchange, has released version 3.20, which introduces native support for Monero (XMR) and Zcash (ZEC). This update enables direct swaps of these privacy-focused cryptocurrencies with Bitcoin (BTC), Ethereum (ETH), and various stablecoins. The update also includes several other protocol changes, such as the introduction of Protocol-Owned Liquidity (POL), a new Stable Reserve, and the restored support for Solana, Base, and BNB. The Stable Reserve feature allows for stablecoin swaps without liquidity fees, while POL enables the network to use its own capital to provide liquidity.

cryptonews.ruHá 22m

THORChain Adds Direct Exchange of Monero and Zcash