Tag Archives: market

Private Market News – 2/2/24 by Securitize

Private Market News – 2/2/24 by Securitize
Thanks, Securitize, for featuring my article on #RWA in the newsletter.

Private Market News – 2/2/24

This week’s highlights: Jamie Finn shares his thoughts on investing in private equity, Securitize Japan makes headlines with a new partnership, Morgan Stanley has big plans for private credit, and tokenized RWAs continue to gain momentum.

Jamie Finn on Investing in Private Equity

In this video, Securitize co-founder and president Jamie H. Finn explores the reasons to consider investing in private equity, what you need to invest in private equity, and how Securitize can help you invest in this growing market.

Watch Now

Source: Securitize

Securitize partners with Japan’s DeCurret for tokenized deposit settlement

Securitize Japan has recently partnered with DeCurrent, the firm that runs Japan’s Digital Currency Form, which involves over 100 Japanese firms including four banks. This collaboration aims to settle security token transactions using bank-tokenized deposits.

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Source: Ledger Insights

Morgan Stanley plans to double private credit portfolio to $50 bln

The asset management division of Morgan Stanleyplans to double its private credit portfolio to $50 billion. The business has already gathered around $25 billion in total assets, primarily from institutional investors, after the bank invested more than $300 million into the endeavor.

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Source: Reuters, Tatiana Bautzer, Saeed Azhar

Why RWA Tokenization Is Taking Off

As the tokenization of real-world assets (RWAs) continues to expand, governments and investors alike are now more widely accepting the role of tokenization in the future of investing, especially given the blockchain’s potential to reduce fraud and increase traceability.

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Source: Techopedia, Anndy Lian

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
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Exchange token listing scams resurface after crypto market thaw

Exchange token listing scams resurface after crypto market thaw

Crypto exchange listing scams are making a comeback amid a broader market recovery.

According to a Jan. 29 post by Yi He — a co-founder of Binance and the spouse of the exchange’s former CEO, Changpeng Zhao — a LinkedIn impersonator is using her name and position to offer token listings in exchange for payment.

“I do have a LinkedIn account, but I have long forgotten the password,” said He. “I am also not in charge of discussing with projects for a potential listing; please be wary of those who claim to be close to me and discuss with you about investments or listing.”

In a separate post, blockchain author Anndy Lian also revealed screenshots of WhatsApp users pretending to pose as Binance staff, with offers of free money for joining cryptocurrency discussion groups. “Binance does not have such groups that offer you passive income,” Lian wrote.

Binance’s customer support later clarified that users should use links from the official site to check if individuals reaching out with unsolicited offers are, in fact, from Binance. “It can be used for the website link, email address, phone number, WeChat ID, Twitter account, or Telegram ID,” it stated. “Please do not contact any unofficial/non-verified sources or reveal your account details to them.”

Exchange listing scams became widespread in the last bull market. An August 2022 Cointelegraph investigation revealed that scammers typically reach out to project developers and co-founders using seemingly legitimate professional LinkedIn profiles from reputable exchanges. Once the victim has been tricked, scammers require an initial “deposit,” which can be upward of 250,000 USDT to commence the listing process. Of course, once the victim pays the deposit, the token is never listed.

Source: https://cointelegraph.com/news/exchange-token-listing-scams-resurface-after-crypto-market-thaw

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Cardano’s NFT Market Resilience Amidst “Ghost Chain” Reputation

Cardano’s NFT Market Resilience Amidst “Ghost Chain” Reputation

Despite a decline in unique NFT buyers on Cardano, labeled the “ghost chain,” recent data from Forkast Labs reveals surprising resilience in the blockchain’s NFT market, outperforming Ethereum, Solana, and Polygon in June.

 

Cardano’s “Ghost Chain” Reputation:

In October 2021, Cardano reached a peak of 254,383 monthly unique NFT buyers, but in June, this figure dropped to 13,559, marking a 10.12% decrease from May.

 

Market Performance Metrics:

Forkast CAR NFT Composite: The index measuring Cardano’s NFT market performance fell by 3.84% to 982.01 in June, reflecting losses for NFT traders in top collections on Cardano.

 

Comparative Losses Across Blockchains:

While the “ghost chain” narrative persists, data indicates that Cardano’s NFT traders suffered fewer losses compared to Ethereum, Solana, and Polygon in June.

 

Ethereum (ETH): Traders on Ethereum experienced an estimated loss of 14.41%.

Solana (SOL): Solana’s NFT market fell by 14.71%.

Polygon (POL): Polygon’s NFT market slumped by 13.49%.

Overall NFT Market: The Forkast 500 NFT Index, representing the overall NFT market, dropped by 16.14%.

 

Cardano’s Position and NFT Ecosystem:

Despite being the world’s eighth-largest cryptocurrency, ADA’s market capitalization is around US$10.4 billion. Cardano ranks sixth in blockchain NFT trading volume, with US$597 million in sales. Despite occasional claims of Cardano’s NFT ecosystem demise, some supporters and projects remain optimistic.

 

Moosa Zaidi, CEO of NFT Hive Club, acknowledges the die-hard Cardano supporters and projects, emphasizing the potential impact of a market bull run.

 

Creators and Enthusiasts:

Despite the decline in buyers, creators continue to release NFT collections on Cardano. Digital artist Mulga’s MulgaKongz NFT collection, launched on June 23, sold out within 48 hours, demonstrating ongoing interest.

 

Challenges and Community Engagement:

Several top Cardano NFT projects remain active, but some have gone silent on social media, sparking discussions within the community about supporting genuine builders.

 

Market Analysis and User Experience:

Anndy Lian, author of “NFT: From Zero to Hero,” highlights Cardano’s user-friendly experience, low transaction fees, and scalability, making it attractive for cost-conscious NFT enthusiasts.

 

Challenges Across Blockchains:

Lian notes that low market liquidity affects NFT market performance across all blockchains, making it challenging for holders to find buyers at desired prices.

 

Community Perspective and Future Outlook:

Despite challenges, Count Stackula, a Space Budz NFT holder, emphasizes Cardano’s overall healthy NFT ecosystem, with developers focusing on building robust infrastructure.

 

While Cardano faces challenges and skepticism, its NFT ecosystem remains active, driven by committed developers and community engagement. The “ghost chain” moniker may not fully capture the blockchain’s ongoing contributions to the NFT space.

 

 

 

Source: https://www.coinlive.com/news/cardano-s-nft-market-resilience-amidst-ghost-chain-reputation

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j