Top 5 Stories This Week on Tokenization and Real-World Assets
Fed Governor: “New Era” Embraces Crypto: U.S. Federal Reserve Governor Christopher Waller said the central bank is entering a “new era” for payments and will no longer keep crypto and blockchain on the sidelines. He’s asked Fed staff to consider a “skinny master account”, a limited Fed account that would let fintech and crypto firms access the Fed’s payment system in a simple, safe way coindesk.com.
Crypto Firm Evernorth to Hoard XRP: Evernorth, a Ripple-backed crypto company, is merging with Armada Acquisition Corp II to go public on Nasdaq, aiming to raise over $1 billion. It plans to use most of that money to buy a huge stockpile of XRP (the cryptocurrency linked to Ripple) and earn profits by lending it out and using it in DeFi (decentralized finance) programs coti.news.
Binance’s CZ Questions Tokenized Gold: Changpeng “CZ” Zhao, founder of Binance, Who President Trump just pardoned, is skeptical about digital tokens that represent real gold. He calls these gold-backed tokens a “trust me, bro” asset, meaning you have to trust a company to actually hold the gold and says that’s why tokenized gold hasn’t become very popular.
Blockchain Startup Targets Real Estate Deals: Propy, a company using blockchain tech for real estate, announced a $100 million plan to modernize home-buying paperwork It will buy several title companies (firms that handle property ownership records) across the U.S. and use blockchain and AI to speed up the process of verifying ownership and transferring property, making it faster and more efficient.
Swiss Bank Builds Bridge for Asset Tokens: Switzerland’s crypto-focused bank AMINA (formerly SEBA Bank) is teaming up with tech firm Tokeny to put real-world investments like government bonds and stocks onto blockchain. In this partnership, AMINA will ensure these assets are safely held under regulations, while Tokeny provides the technology to turn them into digital tokens, making it easier for traditional finance to connect with crypto systems coindesk.com.