Huge!
The SEC just gave DeFi a broker exemption.
Uniswap UI, MetaMask Swap, DEX aggregators DON'T need to register as a broker-dealers.
DeFi apps just can't get paid for order flow, offer investment advice, or touch user funds - all fair.
Exactly the clarity we needed - the right approach.
I remember SBF telling us in 2022 they'd never allow DeFi apps to not be regulated as broker-dealers (and that only he could save us....by selling out DeFi to the U.S. gov).
Wrong again Sam.
And as for this Atkins/Pierce SEC....they just keep being awesome.
NEW: BlackRock is launching their Ethereum Staking ETF today -- $ETHB. It will have the same fee as $ETHA at 0.25% bps but has a fee waiver down to 0.12% for the first year or first $2.5 billion in assets.
Tokenization is not about putting assets onchain just for the sake of it.
The real opportunity is bringing real-world assets onchain so they can do things impossible in traditional financial rails.
Programmability. Composability. 24/7 liquidity.
That’s where the value is. 🧵
The @vaneck_us Treasury Fund (VBILL) has officially crossed $100M AUM.
This marks Securitize’s 7th tokenized asset with over $100M in AUM, the most of any tokenization platform.
Today, we announced the first tokenized asset issued by @Securitize approved to be supplied as collateral at @aave Horizon RWA marketplace, @vaneck_us VBILL product using @chainlink as oracle to supply the price feed into Horizon, thanks to the platform-level integration we built. I firmly believe that in a few years, Horizon will surpass the current @aave TVL, becoming its largest marketplace. Kudos to @StaniKulechov and the @aave team for their pioneering vision. The potential of using RWAs as a superior form of collateral in DeFi to address some of the tradfi cost and inefficiencies of borrowing and lending is solving a real capital markets issue that only the permissionless innovation nature of public chains enables. You can see a detailed description written by @jserna our CTO/CPO below 👇
We’ve partnered with @BNYglobal to launch the first tokenized fund focused on AAA-rated CLOs, bringing institutional-grade structured credit onchain with @grovedotfinance as an anchor investor.
If you want to explain to someone who does not understand crypto why all the assets in the world will be tokenized, the simple answer is that a blockchain is a better ledger.
“There’s $400 trillion out there of assets that could potentially be tokenized,” Domingo said. “It’s an upgrade … within the next five to 10 years, you will see everything will be on-chain, because it’s just a better ledger.”
https://t.co/pfetyAVSoI
Securitize, the leading tokenization platform, to become a public company at $1.25B valuation via business combination with Cantor Equity Partners II.
Tokenize the World.