The 54 firm-strong group, which is backed by the City of London Corporation, will spend the next year working on live tokenisation use cases across UK financial markets.
- The group, which includes 54 firms and backed by the City of London Corporation, will spend the next year working on live tokenisation use cases across UK financial markets.
- The initiative is led by HM Treasury's Wholesale Digital Markets Champion Chris Woolard, the former chair of the FCA.
- The tokenised RWA market could reach $88 trillion by 2035, according to one estimate by Boston Consulting Group (BCG), dwarfing the current crypto and stablecoin market of $3 trillion.
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- 2 Wikipedia blackout could hurt how AI engines like ChatGPT understand crypto 34 minutes ago
- 3 U.S., UK move to align rules for tokenized finance across world's largest financial markets 44 minutes ago
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- 8 U.S. June CPI fell 0.4%, likely cooling move toward Fed rate hikes 4 hours ago
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Gate Leads Spot Market Share Gains as CEX Volumes Rise for First Time in Five Months
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Why it matters :
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Mizuho downgrades Circle to underperform, cuts price target to $50 on Open USD threat
JPMorgan says Hyperliquid's rise threatens Circle's USDC economics
Hut 8 price target hiked to $165 at Benchmark as AI pivot reshapes valuation
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