Corporate Moves
Federated Hermes Becomes Latest Manager to Introduce Tokenized Money Market Funds
The firm’s OFFXX aims to comply with the GENIUS Act.
Tag: Digital Assets
Regulation
Lawmakers Clash Over Tokenization as Congress Weighs Regulations
Wednesday’s hearing came as the Clarity Act has hit a snag in the Senate.
Alternatives
Indiana Mandates Access to Crypto Investments for Participants in Certain State Retirement Plans
The state is the first in the U.S. to require digital assets be an investment option in public defined contribution plans through a brokerage window.
Alternatives
Harvard Adjusts Tech Portfolio, Loses 35% in 2 Months on Ethereum ETF Bet
The $57 billion endowment slashed its holdings in Amazon, Microsoft, Bitcoin and Nvidia, while raising its stakes in Alphabet and Taiwan Semiconductor.
Corporate Moves
Northern Trust Launches Tokenized Money Market Fund
The firm’s foray into digital assets will tokenize its NIF Treasury Instruments Fund.
Alternatives
Institutional Investors See Crypto, Private Equity as Top Assets for Risk-Adjusted Returns
U.S. corporate debt and stocks, along with gold, are among the least attractive assets for managers over the next five years, according to Nickel Digital Management.
Asset Allocation
Franklin Templeton Expands Tokenized Funds to New Blockchain Network
The manager’s Benji technology platform will become available on the Canton Blockchain.
Opinion
A New Dawn for Digital Assets: From Uncertainty to Action in the US
Changes in Washington have made it clear ‘we’ve entered an era of building,’ writes the CIO of a sovereign fund.
Alternatives
BlackRock, Fidelity, Grayscale Dominate Crypto ETF Assets Amidst Institutional Interest
The firms’ offerings made up 85% of all crypto AUM, while separate research found 75% of investors expect cryptocurrency to soon become part of institutional allocations.
Regulation
Australia’s Central Bank Names Private Partners to Test Tokenized Asset Uses
The selected firms include Northern Trust, Australia and New Zealand Banking Corp., and Westpac Banking Corp., along with smaller fintech providers.
Alternatives
Tokenization Gets a Boost, but Questions Remain
Regulators are making it easier to tokenize assets, but market structure will have to evolve to support widespread adoption.
Regulation
CT Governor Signs Bill Banning Digital Assets in State Holdings
H.B. 7082, signed Monday by Ned Lamont, will bar investments in cryptocurrencies and related investments.