Tokenization

Arrests Made in Connection with Holograph Hack

Thursday. August 15 at 8:30 PM

1 min. read

Following an extensive two-month investigation led by France’s Office for the Prevention of Cybercrime (OFAC) in collaboration with various international agencies, several arrests have been made in connection with the June 13 Holograph hack. The arrests, made in Italy with French assistance, resulted in the freezing and seizure of significant assets and electronics. The suspects, yet to be named, are expected to be extradited to France for prosecution. The hack involved a sophisticated attack on the Holograph protocol, resulting in the minting of 1 billion native Holograph tokens valued at $14.4 million. Despite the incident causing a sharp drop in token value, Holograph has since enhanced its security measures. The investigation is ongoing, with more details expected to emerge regarding the breach and preventive measures being implemented. Additionally, the Indian exchange WazirX recently restored balances following a $235 million hack in July, attributed to discrepancies in transaction data.

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Partnership between Hashgraph Association and Taurus for Financial Institutions

Monday. January 20 at 12:00 PM

The Hashgraph Association, a non-profit organization utilizing Hedera Hashgraph's decentralized ledger technology, has teamed up with digital asset infrastructure provider Taurus. This collaboration aims to facilitate secure custody, staking, and tokenization of Hedera's cryptocurrency and other assets for financial institutions worldwide. Kamal Youssefi, the president of the Hashgraph Association, highlighted the growth of digital assets in Europe, Asia, the Middle East, and Africa. The partnership focuses on regions with clarified or emerging regulatory frameworks to boost confidence in engaging with the Hedera ecosystem. The initiative also involves exploring digital asset use cases in Qatar. By addressing on-chain and off-chain challenges, the partnership aims to support the development of frameworks for asset tokenization. Overall, the collaboration benefits both parties by expanding their presence in these regions and ensuring regulatory compliance.

Tokenization

Rexas Finance: Revolutionizing Real-World Asset Tokenization

Monday. January 20 at 12:00 AM

Rexas Finance (RXS) has become a prominent player in the realm of real-world asset (RWA) tokenization, with experts predicting a significant surge in the RXS token value from $0.175 to $28 by 2025. The project has garnered attention in the expanding RWA market, projected to reach $50 billion in 2025. With over $37.1 million raised during its presale, Rexas Finance aims to democratize investments by fractional ownership of tangible assets like real estate and commodities. The platform's innovative approach has attracted both individual and institutional investors, with AI analysis forecasting a substantial price increase for the RXS token. By leveraging blockchain technology, Rexas Finance aims to simplify asset tokenization and expand its utility beyond traditional boundaries. The project's tokenomics, community engagement, and unique offerings position it for sustainable growth and long-term success in the crypto space.

Tokenization

Venture Capital Firm Sigma Capital Launches $100M Fund for Web3 Startups in UAE

Thursday. January 16 at 3:00 AM

Cryptocurrency venture capital firm Sigma Capital has introduced a $100 million investment fund aimed at supporting Web3 startups in the United Arab Emirates and globally. The fund will focus on early-stage Web3 companies, liquid tokens in decentralized finance, blockchain infrastructure, metaverse, gaming, and real-world asset tokenization markets. Additionally, fund-of-fund allocations will be utilized for portfolio diversification. The fund will be overseen by Vineet Budki, former CEO of Web3 venture firm Cypher Capital. The UAE's emergence as a blockchain hub was highlighted by Polygon founder Sandeep Nailwal, citing favorable policies and talent influx. The surge in crypto venture capital funding, reaching $13.6 billion in 2024, indicates a thriving market. Galaxy Research predicts a 50% increase in crypto VC activity by Q4 2025, with RWA tokenization as a key trend. HashKey Capital CEO Deng Chao also anticipates significant growth in RWA tokenization, potentially reaching $30 trillion in the next five years.

Tokenization

Real-World Asset Tokenization Platform Brickken Secures $2.5M Seed Funding

Thursday. January 16 at 1:00 AM

Barcelona-based Brickken, a real-world asset (RWA) tokenization platform, recently closed a $2.5 million seed funding round, boosting its post-money valuation to over $22.5 million. RWA tokenization involves minting financial and tangible assets on a blockchain ledger, enhancing investor access and trading opportunities. The successful funding announcement on Jan. 15 marked a significant milestone for the Europe-based platform. Notable participants in the seed round included Psalion, Ergodic Fund, SNZ Capital, Blue Bay Ventures, Mocha, and Hodl Ventures. Brickken plans to utilize the raised capital for European expansion and to revolutionize asset management through blockchain technology. The platform has witnessed high user demand, tokenizing assets worth over $250 million across 14 countries in less than two years since its launch in March 2023. Brickken is also the official tokenization provider for Binance’s BNB Chain. Industry experts foresee substantial growth in RWA tokenization, with predictions suggesting a market size ranging from $4 trillion to $30 trillion by 2030.

Tokenization