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FTX Bahamas Unit Reaches Agreement With U.S. Team on Pooling, Distributing Assets

Once the courts have agreed, FTX Digital Markets will take the lead in the realization of real estate and other assets in the Bahamas and FTX Debtors will take the operational lead in “all other recovery activities including any sale transaction involving the exchange and realisation of intellectual property.” Source link

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5 Predictions for Real World Assets in 2024

Tokenized finance took off this year. 2024 promises growth in new directions, say Collin Erickson and Mac Naggar of the research team. Source link

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The Year of Institutional Investment in Real World Assets

Recent macroeconomic shifts and improvements in technology for secure custody, trading and settlement have made investment in tokenized treasuries, private equity and debt that much more attractive. Ultimately, it’s regulatory clarity and property rights enforcement that will make 2024 the year of RWAs. Source link

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Mike Novogratz Seeking More Crypto Bankruptcy Assets: Financial Times

“We have a crypto venture team that has been investing off our balance sheet for five years,” Kurz said, according to the newspaper. “The record that we have on that side of our asset management business means we’d be a good candidate for something like that.” Source link

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Basel Committee Proposes Changes to Criteria Giving Stablecoins Preferential Risk Treatment Among Crypto Assets

However, cryptos with “effective stabilization mechanisms” qualify for “preferential Group 1b regulatory treatment.” This means stablecoins can be subject to “capital requirements based on the risk weights of underlying exposures as set out in the existing Basel Framework,” instead of the tougher requirements set for bitcoin and the like. Source link

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Assets of HTX, Poloniex are ‘100% Safe’ Says Justin Sun After $200M Hack

“Right now, Poloniex and HTX have recovered from the hack, and we are resuming the tokens one by one,” Justin Sun, an investor in Poloniex and an advisor for HTX, told CoinDesk. “I think for HTX, we have already resumed 95% in terms of USD worth of assets. On Poloniex, we have resumed around 85%…

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