Latest news with #real-world assets
Globe and Mail
12 hours ago
- Business
- Globe and Mail
Bitget Joins Ondo's Global Markets Alliance to Expand Global Access to Over Hundred Tokenized RWAs
VICTORIA, Seychelles, July 17, 2025 (GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, has officially joined the Global Markets Alliance, a collaborative initiative designed to align industry standards and promote interoperability for tokenized securities by Ondo Finance. This alliance brings together top players across the digital asset ecosystem to accelerate the adoption and accessibility of tokenized real-world assets (RWAs), including tokenized stocks, ETFs, and more. As part of this partnership, Bitget users will soon be able to access over 100 tokenized U.S. equities, ETFs, and money market funds, expanding their investment universe beyond traditional crypto assets. The new offerings will go live on Bitget later this summer, aligning with the platform's vision of enabling users to trade smarter and build diversified, resilient portfolios across varied markets. Tokenized RWAs are an emerging segment in digital assets, created by the fusion of traditional finance and blockchain technology. By wrapping real-world assets, like equities, into blockchain-based tokens, they allow for 24/7 trading, lower barriers to entry, fractional ownership, and global accessibility. Features that are often limited or entirely unavailable in traditional financial systems are widely utilized. 'Tokenization will be the major driver of the next phase of digital asset adoption, its market is projected to reach trillions of dollars in the coming years. Supporting tokenized stocks is a step closer to our goal to help users trade smarter,' said Gracy Chen, CEO at Bitget. 'Through our partnership with Ondo and the Global Markets Alliance, we're contributing to a more global, liquid, accessible, and inclusive financial market.' Ondo's Global Markets Alliance was created to bring together trusted infrastructure partners, exchanges, custodians, and DeFi platforms to unlock borderless access to high-quality financial products. Its mission is to build a more open, inclusive, and interoperable financial system powered by tokenized assets. Founding members of the alliance include industry leaders such as Solana Foundation, LayerZero, Jupiter, Trust Wallet, Rainbow Wallet, BitGo, Fireblocks, 1inch, Alpaca, and now Bitget, among others. 'Bringing Ondo's tokenized stocks and ETFs to Bitget will represent a significant step forward in our mission to make global financial markets accessible onchain. Bitget's expansive user base will become a critical platform for onchain access to US equities as we continue building the infrastructure for institutional-grade onchain capital markets.' — Nathan Allman, CEO & Founder, Ondo Finance With over 700 tokens listed and daily trading volume surpassing 3.5 billion USDT, Bitget ranks as the third-largest spot exchange globally according to CoinGecko. The addition of tokenized stocks and ETFs enable Bitget as an extensive ecosystem of crypto products, helping users navigate both digital and traditional assets. About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world's most thrilling championships. Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
Coin Geek
3 days ago
- Business
- Coin Geek
Hong Kong advances digital asset hub bid with new bonds
Getting your Trinity Audio player ready... Hong Kong is set to issue its third batch of tokenized green bonds, as part of a broader plan to normalize the issuance of tokenized government bonds in the future and provide incentives for the tokenization of real-world assets (RWAs), including exempting stamp duty on the transfer of tokenized exchange-traded funds (ETFs). Speaking at the Hong Kong Digital Finance Awards 2025, Secretary for Finance and Treasury of Hong Kong, Christopher Hui Ching-yu, said that the government had issued green bonds in tokenized form twice already, in 2023 and 2024, and that the third batch of tokenized bonds is being prepared, according to a July 5 report by state-owned Beijing newspaper Wen Wei Po. Hui added that the Hong Kong government will also promote the tokenization of a wider range of assets and financial instruments to demonstrate the diverse applications of tokenization technology in different sectors, including precious metals, non-precious metals, and renewable energy (such as solar panels). Hong Kong's race to be a hub Despite mainland China's reticence to embrace digital assets—other than the digital yuan, the country's government-controlled central bank digital currency (CBDC)—Hong Kong has, in contrast, set itself the task of becoming a digital asset hub for the region. In January, the Hong Kong Monetary Authority (HKMA), Hong Kong's central bank, launched a new initiative to support local banks as they launch blockchain products, with tokenization being a core focus once the incubator begins. The HKMA described the incubator as a 'new supervisory arrangement' that will allow local banks to 'maximize the potential benefits of DLT adoption by effectively managing the associated risks.' This was just the latest in several initiatives launched by the HKMA targeting digital assets and blockchain, another being a stablecoin sandbox launched by the central bank in March of last year. The special administrative region continued to ramp up its efforts in 2025. In May, Hong Kong legislators passed the 'Stablecoin Ordinance', making it the first major economy with an act fully dedicated to stablecoins. When it takes effect, in August, it will bring a comprehensive licensing regime, with any entity issuing stablecoins in Hong Kong (or issuing Hong Kong dollar-referenced stablecoins anywhere in the world) henceforth needing to obtain a license from the central bank. Unlicensed issuance or advertising will be a criminal offense. In addition, issuers must maintain a one-to-one reserve backing with high-quality liquid assets, provide clear redemption rights, and implement robust anti-money laundering (AML) controls. They also set a high bar to entry, with the law mandating paid-up capital of at least HKD25 million ($3.19 million), or one percent of coins outstanding for non-banks, plus a separate pool of reserve assets with a market value equal to or exceeding the par value of outstanding stablecoins, to maintain a robust 1:1 backing. More recently, in June the Securities and Futures Commission (SFC), Hong Kong's top finance sector regulator, announced plans to permit digital asset derivatives for professional investors, as part of the broader strategy to expand product offerings and reinforce the territory's growing status as fintech hub. Later in the month, the Hong Kong government released its 'Policy Statement 2.0 on the Development of Digital Assets in Hong Kong,' further underscoring the territory's ambitions. Amongst other measures, it introduced the new 'LEAP' framework that doubles down on stablecoin and asset tokenization policies, as well as unifying its regulatory framework for all virtual asset service providers (VASPs). During his speech last week, Hui Ching-yu reportedly highlighted the new policy statement as an example of how Hong Kong has been gradually building a regulatory framework that balances risk management and investor protection, as well as industry development, to promote the sustainable development of the territory's digital asset ecosystem. In addition to all this, there is the announcement of the impending issuance of a third batch of tokenized green bonds, and Hong Kong appears to be laying down a significant marker for other jurisdictions keen to make the most of the digital asset space. Watch: Tim Draper talks tokenization with Kurt Wuckert Jr. title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen="">
