Tokenization

Qatar Financial Centre Releases Comprehensive Digital Assets Regulatory Regime

Monday. September 2 at 8:30 PM

1 min. read

The Qatar Financial Centre (QFC), located in Doha, Qatar, has introduced a detailed framework for overseeing and establishing digital assets. The QFC's regulatory bodies, the Qatar Financial Centre Authority (QFCA) and Qatar Financial Centre Regulatory Authority (QFCRA), have unveiled guidelines that lay the groundwork for digital assets within the QFC. These rules cover tokenization processes, legal recognition of property rights in tokens and underlying assets, custody arrangements, transfer and exchange, as well as the acknowledgment of smart contracts. Similar to free economic zones in the UAE, the QFC operates independently with its own legal, regulatory, tax, and business framework. The framework aims to ensure a secure and transparent digital asset ecosystem that complies with international standards, fostering trust among consumers, service providers, and stakeholders. Qatar Central Bank Governor Sheikh Bandar bin Mohammed bin Saoud Al Thani views these regulations as a significant step towards realizing the country's Third Financial Sector Strategy, which includes embracing emerging technologies for economic growth. The framework, developed in collaboration with industry stakeholders, has already facilitated the acceptance of over 20 startups through the QFC's Digital Assets Lab for product development and commercialization.

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Enhancing Platform Integrity and Sustainability at Plutus

Monday. November 18 at 9:30 PM

Plutus, a pioneer in tokenized loyalty rewards based in London, is making strategic upgrades to improve platform integrity and ensure long-term sustainability. With 67% user support, the company is introducing initiatives like offering up to 10% rewards on debit card payments, positioning itself as a competitive option to traditional cashback programs. Since its establishment in 2015 as an Ethereum-based platform, Plutus has seen rapid growth while being self-funded, facing operational challenges that impacted user experience and trust. To address these issues, Plutus plans to anchor in-app utilities to a minimum value, align PLU emissions with intrinsic value, and release its financial model as open-source for transparency. The company aims for self-sustainability through its network fee system and collaboration for growth and value delivery to customers.

Tokenization

Unlocking Real Estate Investing for Gen Z Through Fractional Ownership

Friday. November 15 at 8:00 AM

Wealth disparity is widening between generations, particularly in real estate investing. Younger individuals often rely on inheritance for homeownership, facing challenges due to high property prices and limited access to capital. Fractionalized real estate tokens offer a solution by allowing Gen Z to invest in real estate and share returns. The current market is dominated by older generations, leaving younger individuals with limited opportunities. Fractional ownership, facilitated by blockchain technology, provides a way for individuals to enter the property market without the need for a large down payment. While challenges exist, such as legal complexities and operational issues, onchain fractional ownership can enhance transparency and accessibility. By tokenizing real estate assets, a more liquid and inclusive market can be created, offering opportunities for diversification and investment for younger generations.

Tokenization

Venture Capital Firm Portal Ventures Raises $75M for Web3 Startups

Friday. November 15 at 6:00 AM

Portal Ventures, a New York-based venture firm, has successfully closed its second fund, securing $75 million to invest in pre-seed Web3 startups. The fund received support from prominent investors like Marc Andreessen and Chris Dixon of a16z, as well as funds of funds such as Accolade Partners, Theta Capital, and CrossLayer Capital. Portal Ventures prides itself on backing crypto startups at the earliest stages, even before the development of a white paper or pitch deck. Their portfolio includes companies like Plume Network and Arch, focusing on real-world asset tokenization and crypto lending. The firm's investment strategy revolves around supporting one founder per category, with a strong focus on Bitcoin programmability, decentralized infrastructure, and maximal extractable value business models. Despite a slight decline in overall investment in the crypto space, early-stage funding remains robust, with angel, pre-seed, and seed rounds dominating the investment landscape.

Tokenization

Tether Introduces Hadron Tokenization Platform for Real-World Assets

Friday. November 15 at 3:30 AM

Tether has launched the Hadron platform for tokenizing real-world assets, enabling businesses, asset managers, and nations to issue and manage digital asset tokens. Users can tokenize various assets like stocks, bonds, stablecoins, and loyalty points on the platform, which includes robust KYC and AML controls. The platform also offers basket-collateralized products for issuing digital asset tokens backed by baskets of commodities or other assets. Tether's CEO, Paolo Ardoino, highlighted the platform's features. Tether's move into energy and commodity-backed tokens includes proposing a boron-backed token to the Turkish government and venturing into oil trading. The company also introduced a dirham-pegged stablecoin on the TON blockchain. Tether reported significant profits and total assets in its financial report. The rise of tokenized assets is projected to reach $10.9 trillion by 2030, indicating a growing trend in the digital asset space.

Tokenization