Tidings #1: Tokenization a Trillion Dollar Industry by 2023?
In this wave of your weekly #Tidings:
🔵 #Citi says trillions in assets could be tokenized by 2030
🔵 #Ethereum Shapella Upgrade looming
🔵 #OpenEden introduces Tokenized U.S Treasuries
Citi Predicts Trillions in Assets to go Digital by 2030
According to Citi, the tokenization of assets could be the breakthrough use case that drives blockchain adoption, with up to $4 trillion in tokenized digital securities predicted by the end of the decade.
Kathleen Boyle, the managing editor of Citi GPS, said the space is approaching an inflection point and blockchain’s potential could soon be realized, with successful adoption when blockchain has a billion-plus users.
The adoption of central bank digital currencies, tokenized assets in gaming, and blockchain-based payments on social media could drive mainstream adoption, along with enablers like decentralized digital identities, zero-knowledge proofs, and Oracles.
Want to be part of the revolution? Check out Bluejay Earn:
https://app.bluejay.finance/earn
All Roads Lead to Shanghai
For years, Ethereum has been underestimated by parts of the crypto community despite undergoing significant transformations, only to prove them wrong time and again. Initially, critics claimed that the Merge would be delayed indefinitely, but it was completed seamlessly without any issues.
Then, the focus shifted to PoS validators who were unable to withdraw their ETH. However, with the upcoming Shapella hard fork, things will change. EIP-4895 will allow withdrawals from the Beacon Chain, which currently holds 17.81 million staked ETH.
Though skepticism may persist even after the fork, Ethereum will continue to thrive. While there is speculation about the upgrade’s impact on ETH’s short-term price, it will unlock liquidity.
However, validators can only withdraw a portion of their stake immediately, and the rest is locked up for 1–36 days.
Bluejay Finance is proud to be one of the projects building on Ethereum!
OpenEden Unveils Revolutionary Tokenized U.S. Treasuries
OpenEden, a regulated financial institution, has launched a smart contract vault that offers 24/7 access to U.S. Treasury Bills (T-Bills) for stablecoin holders. The OpenEden TBILL Vault allows users to mint TBILL tokens and earn the U.S. risk-free rate, which yields close to 5% p.a. as of March 2023. According to co-founder Jeremy Ng, OpenEden wanted to create an institutional-grade DeFi product that offers low-risk, liquid, and transparent returns to stablecoin holders.
The TBILL tokens are 100%-backed by real-world assets and fully compliant with regulatory requirements. The issuer of the TBILL tokens is a professional fund regulated by the British Virgin Islands Financial Services Commission, and the Vault’s assets are managed by OpenEden Pte Ltd, a financial institution regulated by the Monetary Authority of Singapore.
The TBILL tokens offer direct T-Bills exposure and come with real-time transparency, instant settlement, and regulatory compliance. OpenEden collaborates with regulated service providers, leading banks, qualified custodians, and tier-1 legal counsel.
The OpenEden core team comes with decades of combined experience in institutional finance and technology.
What the Community Is Discussing
Arbitrum’s controversial governance proposal to fund the foundation with 750m $ARB tokens
Twitter Personality Cobie’s Wild Guess on Binance’s CZ
What to Watch for Next Week:
🔵 Will #Ethereum surge past $2,000 leading to the Shapella Upgrade?
🔵 Will the #DOGE icon stay on Twitter?
🔵 Easter Monday!
