Ethereum Cements RWA Dominance As Amundi Tokenizes $100M SAFO Fund
Amundi, Europe’s largest asset manager, is launching the Spiko Amundi Overnight Swap Fund (SAFO), a tokenized fund on Ethereum and Stellar starting with about $100 million in committed assets. A Traditional Fund With A Tokenized Wrapper Institutions historically related to TradFi have found a way to not to be left behind on the crypto curve […]
Related News
European asset manager Amundi has announced its first tokenized fund in partnership with CACEIS, running on the Ethereum blockchain. Amundi Launches Tokenized Fund On Ethereum As per an announcement on the official website, Amundi has launched the first tokenized share of one of its money market funds. Headquartered in France, Amundi is an asset manager […]
Quick Facts: 1️⃣ Japan’s Metaplanet has borrowed $100M against its existing Bitcoin holdings to buy even more BTC, a move that cements its status as ‘Asia’s MicroStrategy.’ 2️⃣ The company now holds roughly 30,823 $BTC worth $3.2B, aiming for 210K $BTC (about 1% of Bitcoin’s total supply) by 2027. 3️⃣ Bitcoin recently rebounded to $103K […]
A Bitcoin ETF approval will open the door for more conservative investors and this could have an irreversible impact on BTC price. Some financial experts believe that the price of cryptocurrencies is solely driven by investors' speculation, and in the past few years detractors have suggested that fixed income instruments like treasury bills have no relation to do with digital assets. This point of view is fairly accurate because, at this time, most investors from the asset class are not allowed to invest in Bitcoin (BTC) and altcoins.Public pension funds, retirement plans, fixed income and....
Pascal Blanque, CIO of Amundi, one of the biggest asset managers in Europe, has stated that bitcoin and other cryptocurrencies are a farce, exposing its skeptical stance on the real value of cryptocurrencies. The investor stated that crypto assets are an expression of markets making bubbles and that investors should focus on other more logical assets. CIO of Amundi States Cryptocurrencies Are a Farce Pascal Blanque has declared that bitcoin and similar cryptocurrencies are a farce during a recent news conference, according to a report from Reuters. The skeptic also said that....
Years ago when the Bitcoin network started suffering from higher fees and congestion, a number of bitcoiners advocated the use of sidechains in order to relieve the main chain’s duties. However, they didn’t realize that the Ethereum network would solidify its role as Bitcoin’s main sidechain during the last year. Five years ago, bitcoiners relentlessly argued over scaling the Bitcoin (BTC) blockchain and a number of proponents said that sidechains and offchain solutions would help. Moreover, a number of solutions like Blockstream’s Liquid and the RSK network....