Latest news with #RWA
Time of India
10 hours ago
- General
- Time of India
Sort out waste or we won't collect it: Noida
Noida: Noida Authority will stop collecting mixed waste from bulk waste generators (BWGs) from July 1. During a workshop at Panchsheel Boys Inter College in Sector 91, officials informed hoteliers, restaurateurs and market associations that a penalty of Rs 500 would be imposed would be imposed for unsegregated waste after the deadline. General manager (health) of Noida Authority, SP Singh, said a cluster-based decentralised composting plan has been drawn up to support this shift. You Can Also Check: Noida AQI | Weather in Noida | Bank Holidays in Noida | Public Holidays in Noida "Under the scheme, land for composting units will be provided by the authority, but the cost of setting up and operating them must be borne by the participants. Any establishment, be it a hotel, restaurant, hospital, RWA, AOA, etc, that generates more than 100 kgs of waste per day falls under the BWG category and is obligated to set up an on-site composting unit," he said. Under the Solid Waste Management (SWM) Rules, 2016, bulk generators are required to treat their wet waste on-site. During the workshop, instructions were given on how to segregate waste into different categories like wet waste, dry waste, hazardous waste, medical waste, etc. According to estimates, Noida generates nearly 800 tons of solid waste per day, out of which nearly 30% originates from BWG premises.
Finextra
19 hours ago
- Business
- Finextra
HashKey Chain and GF Securities partner on tokenisation
HashKey Chain has officially announced that GF Securities (Hong Kong) has become the first securities firm in Hong Kong to issue tokenized securities by fully integrating with HashKey Chain as its core on-chain issuance network. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. GF Securities (Hong Kong) has launched the first daily-interest-accruing, daily-redeemable tokenized securities, named "GF Token", a building block to enable switching between different tokenized securities. This product also features its first-ever multi-channel distribution and token custody model for on-chain securities, now available to both High-Net-Worth-Individual and institutional professional investors (PIs). This project is executed with active participation from multiple business units under HashKey Group. This milestone signifies a major step forward in the city's real world asset (RWA) tokenization journey and lays the groundwork for broader on-chain collaboration of tokenized securities by Hong Kong securities industry in the future. "GF Token" is a class of tokenized securities issued by GF Securities (Hong Kong) backed by its credit support. GF Securities (Hong Kong) launches three products in different currencies: USD, HKD, and offshore RMB. Among these, the USD version is benchmarked to the Secured Overnight Financing Rate (SOFR), designed to serve as a fair, transparent, and low-volatility cash management instrument. "GF Token" features high liquidity, accrues interest daily, and is fully recorded on-chain via HashKey Chain, enabling transparent and traceable transaction flows. This aims to make "GF Token" a building block for tokenized financial assets, by providing a seamless on-chain net settlement mechanism that enables investors to switch between different tokenized securities. Compared to GF Securities (Hong Kong)'s earlier tokenized securities, "GF Token" features multi-channel distribution and token custody. Investors can subscribe through GF Securities (Hong Kong) or HashKey Exchange, and hold tokenized securities either via traditional securities accounts or directly on chain, allowing traditional investors to participate broadly across all aspects of tokenized securities in familiar settings. In addition to institutional professional investors, "GF Token" in this product launch is also made available to HNWI PIs, aiming to promote tokenized securities and related services to broader audience. With the daily interest accrual mechanism, the product meets both institutional investors' needs for short-term idle capital management, and Web3 users' expectations for native on-chain assets. As a forward-looking, compliant financial product, "GF Token" demonstrates the potential of combining real-world assets with blockchain infrastructure, offering a replicable and scalable model for RWA scenarios. Notably, while HashKey Chain serves as the core issuance network, multiple business units under HashKey Group were also deeply involved in the on-chain launch of "GF Token": • NexaToken, a service by HashKey Cloud, enabled the asset's tokenization. • HashKey Tokenisation contributed to GF's tokenization initiative by offering technical consultation and feasibility assessments. • HashKey Exchange facilitated professional investor distribution through its network. This arrangement represents a pioneering end-to-end model encompassing asset issuance, token custody, and multi-point distribution, establishing a robust foundation for future security dealer-led tokenized asset issuance and on-chain cooperation. Mr. Zeng Chao, CEO of GF Securities (Hong Kong), commented: "The launching of GF Token is a major milestone for GF Securities (Hong Kong)'s digital product strategy, and an important extension of our chain-based product innovation. We value our partnership with HashKey Group and HashKey Chain. Their comprehensive infrastructure and exchange capabilities enable GF's products to enter the public blockchain world more efficiently. Over the years, we, at GF Securities (Hong Kong), have been committed to financial innovation, leveraging fintech to expand our footprints in digital finance. The collaboration with HashKey Group to launch GF Token is a key initiative in building Hong Kong's tokenized securities ecosystem. We believe this step will further solidify GF Securities (Hong Kong)'s first-mover advantage in emerging digital finance." In January 2024, GF Securities (Hong Kong) became the first Chinese securities firm to issue tokenized securities under Hong Kong law, minting, issuing, and distributing financial assets on a public chain. This was also the first tokenized security issued following the SFC's circulars regarding tokenized securities published in November, 2023. Since then, the firm has introduced tokenized securities linked to equities and other financial assets. In January 2025, it partnered with Cinda Asset Management to launch the first tokenized note backed by a fund, continuously expanding the ecosystem of tokenized securities. Dr. Xiao Feng, Chairman of HashKey Group, said: "Bringing real-world assets (RWAs) on-chain requires deep integration between financial institutions and blockchain technology providers. The launch of 'GF Token' perfectly reflects this synergy. As the preferred chain for financial assets, HashKey Chain will continue to offer trustworthy infrastructure for compliant assets and help position Hong Kong as the world's most vibrant hub for onchain finance." Kay, Head of HashKey Chain, added: "'GF Token' represents a pivotal practice in the on-chain transformation of traditional financial assets. As a blockchain infrastructure purpose-built for compliant assets, HashKey Chain is honored to provide GF Securities (Hong Kong) with a stable and composable technical foundation. We believe that with more leading financial institutions joining, onchain finance will gradually form a closed-loop ecosystem, redefining how assets are issued, traded, and governed." HashKey Chain will continue to deepen collaborations with traditional financial institutions such as securities firms and banks, expanding mechanisms for compliant on-chain asset issuance and circulation. Through the combination of high-performance blockchain infrastructure and trusted assets, HashKey Chain is helping Hong Kong establish a real-world-ready Onchain Finance benchmark.
Yahoo
a day ago
- Business
- Yahoo
Real-World Asset Tokenization Market Has Grown Almost Fivefold in 3 Years
The real-world asset (RWA) tokenization market has grown by 380% in just three years, reaching $24 billion this month in a sign that traditional finance is finding benefits from embracing blockchain technology, according to a report from RedStone, Gauntlet and "Asset tokenization has decisively transitioned from experimental pilots to scaled institutional adoption in 2024-2025," the Real-World Assets in On-chain Finance Report concluded. Tokenization refers to representing real-world assets such as stocks and bonds as tokens that can be bought, sold and traded on blockchains, with the goal of reducing some of the costs and inefficiencies associated with legacy infrastructure. Projections for how large this market could grow to vary wildly, but many seem to involve a number multiple that starts with a "t." McKinsey predicts it to become a $2 trillion market, while BCG estimates $16 trillion by 2030. The report by RedStone et al cites Standard Chartered's projection of it growing to some $30 trillion by 2034. "The RWA market's explosive growth is not just impressive number — it's evidence that traditional finance is finding genuine utility in blockchain infrastructure. From BlackRock's $2.9 billion BUIDL fund to Apollo's ACRED private credit tokenization, we're witnessing the early stages of what could be the largest capital migration in financial history," the report said. While stablecoins, tokens pegged to the value of a traditional financial asset such as a fiat currency, are not typically regarded as RWA tokenization, the report argues that real-world assets could serve a similar role. U.S. Treasury Secretary Scott Bessent has said that stablecoins could bolster U.S. dollar supremacy, a sentiment that could equally apply to tokenized Treasuries. "These words should be interpreted within the broader U.S.-denominated RWA category — tokenized Treasuries directly help finance government operations and manage public debt levels, while tokenized corporate bonds and private credit strengthen dollar dominance by expanding USD-denominated investment opportunities in the global digital economy," the report in to access your portfolio
Time of India
a day ago
- General
- Time of India
Chanakyapuri flats lead the way in waste management
New Delhi: New Delhi Municipal Council (NDMC), in collaboration with the Chanakyapuri Residents' Welfare Association (RWA), has launched a waste management programme. The D1, D2, and Satya Sadan Officer's Flats in Chanakyapuri have been declared the first Anupam colony—a model for zero-waste living in govt housing. In line with the motto "Together for a Cleaner & Greener Tomorrow," the declaration was made at Madhu Limaye Marg, Chanakyapuri, by NDMC chairman Keshav Chandra. You Can Also Check: Delhi AQI | Weather in Delhi | Bank Holidays in Delhi | Public Holidays in Delhi "Three months ago, we began door-to-door visits, educating residents and domestic staff on waste segregation," NDMC sanitary inspector Amit Kumar said. "With regular checks, notices and penalties for non-compliance, the effort paid off." The programme's success lay in its holistic, one-stop approach, starting at the basic level — the household, with waste segregation into four main categories: dry, wet, horticulture and hazardous. Wet waste collected by RWA workers is processed into organic compost, while dry waste is further sorted into 12 subcategories, such as PET bottles, aluminium cans, metals, and non-recyclables, at the new Reduce Reuse Recycle (RRR) cum Material Recovery Facility (MRF) Centre, making it the first such system in Delhi. Eighteen wire mesh bins, called rounders, have been installed in parks and along roadsides to compost horticulture waste. The organic compost produced is distributed free to residents, with any surplus used by NDMC's Horticulture Department for green areas. E-waste is collected separately and sent to authorised Central Pollution Control Board (CPCB) recyclers. The centre also includes a 'Neki Ki Deewar,' where residents can donate reusable items like clothes, utensils, furniture, toys and footwear to help those in need, said NDMC's solid waste management & sanitation advisor Rajiv Kumar Jain. Priyam Krishnan, a member of the RWA in Chanakyapuri, added that without the joint effort of NDMC and the RWA, the initiative wouldn't have succeeded. "Instead of deploying a third party for waste management, we decided to take it in our hands with NDMC, making it a collaborative, two-way process. This has also ensured better payment for the workers on the ground level as well." The 'Neki Ki Deewar' serves the noble purpose of catering to the ones in need. "One person's trash is another's treasure," says Amit. "The doors remain open for anyone in need, whether from nearby slums or our own colony. The motto is clear: nothing should go to waste."
Al Etihad
a day ago
- Business
- Al Etihad
UAE fund invests $100 million in US blockchain firm WLFI
27 June 2025 00:38 A. SREENIVASA REDDY (ABU DHABI)A UAE-based Web3 fund, Aqua 1 Foundation, has announced a $100 million investment in World Liberty Financial (WLFI), a decentralised finance (DeFi) platform linked to US President Donald Trump. The investment will be made through the purchase of WLFI's governance move was disclosed in a joint statement issued by both entities, which was shared as a press release by joint statement emphasised their shared ambition to accelerate the global shift from traditional finance to decentralised models. The governance tokens will allow Aqua 1 to participate in shaping WLFI's operational and strategic decisions, although they do not represent ownership or entitle holders to a share in the project's seeks to transform the fintech sector through blockchain technology, enabling access to financial services via digital tokens without intermediaries such as banks.'We're excited to work hand-in-hand with the team at Aqua 1,' said Zak Folkman, co-founder of WLFI. 'Aligning with Aqua 1 validates our blueprint for global financial innovation, as we have a joint mission to bring digital assets to the masses and strengthen our nation's standing as a champion and leader of cryptocurrency and blockchain technology.'The collaboration comes at a time of growing institutional interest in DeFi. Aqua 1's investment will also support WLFI's USD1 ecosystem — a suite of payment and treasury management tools aimed at broadening blockchain adoption among businesses."WLFI's USD1 ecosystem and RWA pipeline embody the trillion-dollar structural pivot opportunity we seek to catalyse," said Dave Lee, founding partner of Aqua 1. 'We want to be at the heart of this transformation where traditional capital markets merge with decentralised financial primitives.'Looking ahead, the two organisations plan to co-develop BlockRock, an institutional platform for real-world asset (RWA) tokenisation, and support the launch of Aqua Fund, a UAE-domiciled investment vehicle. The fund will focus on blockchain infrastructure, artificial intelligence integration, and global Web3 adoption, with plans to be listed on a secondary trading platform within Abu Dhabi Global Market (ADGM). WLFI has already raised hundreds of millions of dollars through the sale of governance tokens. International agencies have reported several recent high-value purchases by funds and high-net-worth individuals. In April, Abu Dhabi-based DWF Labs acquired $25 million worth of WLFI governance tokens, while Chinese-born crypto entrepreneur Justin Sun is reported to have spent $75 million on them.
