🎃 GM!

Happy Friday Everyone…it’s officially Bullvember!

Welcome back to your weekly dose of web3 insights! Your go to source for everything DeFi, RWAs, and Zivoe.

Here’s what we’ve got for you today:

1. Market Movements

2. Headline Story

3. Bite-Sized Bits

4. Zivoe In The News

5. Memes Of The Moment

📈 📉 Market Movements

Markets are mixed as BTC falls back from a new all time high!

🟠 Bitcoin: $70,134.99 (+ 3.68%)

🔵 Ethereum: $2,515.18 (- 0.65%)

🟣 Solana: $165.88 (- 3.57%)

🟡 Fear & Greed Index: 59 (Neutral)

📰 Tokenization – The Third Revolution in Asset Management

A new report from Boston Consulting Group (BCG) estimates that tokenized assets could achieve over $600 billion in AUM by 2030, marking what BCG describes as the "third revolution in asset management." Following in the footsteps of mutual funds and ETFs, tokenized funds could reshape the industry by bringing unprecedented transparency, efficiency, and accessibility to traditional assets like bonds, real estate, and equities.

The Benefits of Tokenized Funds

Tokenization introduces several high-impact benefits to asset managers, investors, and markets:

1. Instant Settlement and Liquidity – Blockchain eliminates settlement delays, allowing faster access to funds and freeing up trapped capital.

2. Lower Costs – Tokenized funds can reduce transaction costs significantly by handling more transactions in secondary markets and through automated smart contracts.

3. Improved Collateralization – Unlike traditional assets, tokenized funds can be used as instant collateral, opening up new opportunities for lending and borrowing.

4. Intra-Day Trading Gains – With 24/7 trading, investors can leverage intra-day price changes to capture additional returns.

These advantages collectively could add between $80 billion and $400 billion in annual returns for investors, according to BCG.

Pathways for Development and Key Requirements

BCG envisions two primary development pathways:

1. Gradual Growth Path Similar to ETFs: If tokenized funds grow at the pace of early ETFs, they could achieve $600 billion AUM by 2030.

2. Accelerated Adoption through Conversion of Existing Funds: If clear, low-friction conversion pathways are created for existing mutual funds and ETFs, tokenized assets could reach trillions in AUM. This would require regulatory clarity, global standards, and interoperability between blockchain-based and traditional assets.

Zivoe at the Forefront of Tokenization

As the future of asset management moves on-chain, Zivoe is positioning itself to lead in private credit by tokenizing consumer credit. To explore how Zivoe is contributing to tokenization and to learn more, visit our website. You can also read the full BCG report to dig deeper into why tokenized assets are poised to become the next major evolution in finance.

🍪 Bite-Sized Bits

Tokenization

💰 GnosisDAO to Invest $40M in Early-Stage RWA Projects, Payments and Crypto Infrastructure

👨‍💼 Standard Chartered’s blockchain-based transfer agency system achieves profitability, makes trading securities 60% more efficient.

🏛️ U.S. Treasury Department says stablecoin growth is “increasing demand for T-bills”, considers tokenizing Treasury securities.

🌎 Lazard partners with Bitfinex to launched tokenized fund focused on global equities and emerging market equities

⛺️ Franklin Templeton takes its tokenized treasury fund to Base, becomes first asset manager on the layer 2 

Infrastructure

🔁 Circle raises USDC conversion fees amid Fed Rate Cuts

🤑 Tether reports $2.5B profit in Q3, holds over $100B of U.S. Treasuries

🥇 BlackRock's IBIT Bitcoin ETF has attracted more than $23 billion, cementing its place as the best-performing ETF of the year and the past four years.

Legal / Election

🗳️ Paradigm survey shows that 5% of US voters define themselves as 'crypto-only voters', which could have a significant impact on the 2024 presidential election.

🇺🇸 Florida's CFO says state holds about $800 million in crypto investments

Other

💸 Microstrategy seeks to raise $42 billion to buy BTC: 50% in equity and 50% in debt. 

🧐 Coinbase announces $1 billion share buyback as it reports Q3 earnings

🏗️ A number of restructurings are underway across the crypto industry: dYdX lays off 35% of its team, Consensys cuts 20% of workforce, Kraken cuts 15%. 

🥷🏻 Satoshi Nakamoto statue unveiled in Lugano, notable for its ability to disappear depending on the angle from which it is viewed.

🗞️ Zivoe Takes On Devcon

We’re excited to announce that the Zivoe Team is headed to Bangkok for Devcon 2024! If you’re going, we’d love to connect and explore ways to collaborate! Please reach out to our founder, Kristal Gruevski via email ([email protected]) or telegram (@Kristal_Gruevski) to setup a meeting!

🐸 Memes Of The Moment

If you can't wait until next week to hear from us again, follow us on Twitter (@ZivoeProtocol)!

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