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SWIFT to trial tokenized asset transactions in 2025

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SWIFT will trial live transactions of tokenized assets and digital currencies in 2025, aiming to integrate blockchain-based tokens into the broader financial system.

Global financial messaging network SWIFT will trial live transactions of tokenized assets and digital currencies in 2025, marking a step toward broader adoption of blockchain-based finance, per a Reuters report on Oct. 3.

Banks and asset managers have long explored tokenizing assets like bonds, hoping blockchain technology can streamline trading and cut costs by eliminating middlemen. However, these efforts have struggled to gain traction in the wider market.

SWIFT has been involved in trials of central bank digital currencies and tokenized assets. The network’s latest initiative aims to connect these innovations with traditional banking, a move SWIFT says reflects rising industry demand for real-world digital asset transactions.

“To successfully trade and settle a tokenized bond transaction, you need the cash and that’s where a tokenized deposit or wholesale CBDC comes in. It’s not good enough if you just have delivery or just payment, you need both.”

SWIFT

As 90% of the world’s central banks explore digital currency options, SWIFT’s new platform — expected to launch within the next one to two years — aims to integrate CBDCs into the financial ecosystem. The organization believes that successful trading and settlement of tokenized bonds require both tokenized deposits or wholesale CBDCs, ensuring that payment and delivery are equally supported.

However, despite SWIFT’s integration efforts, not all countries are rushing to develop their digital currencies. Concerns persist regarding technological and regulatory hurdles, as highlighted by Sweden’s Riksbank, which emphasized the need for extensive technical and regulatory development to ensure secure offline payments with e-kronas.



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Blockchain

Digital banking giant Revolut joins Pyth Network

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Revolut, the U.K.-based digital banking giant, is the latest company to join the Pyth Network as a data publisher.

The partnership between the Financial Conduct Authority regulated neobank and Pyth Network (PYTH) means Revolut will now contribute its price data to the blockchain-based oracle network, benefiting the growing decentralized finance ecosystem.

Revolut’s integration with Pyth comes as the gap between traditional finance and DeFi continues to narrow.

This trend has gained traction amid the increasing adoption of blockchain technology across financial technology and related ecosystems. The Pyth Network’s oracle solution plays a key role in this evolution as the platform seeks to expand alongside industry giant Chainlink (LINK). Both oracle networks aim to provide web3 users and institutions with enhanced transparency and reliability.

Mike Cahill, chief executive officer of Duoro Labs and a contributor to the Pyth Network, highlighted the growing recognition of digital assets and DeFi within traditional finance.

“Pyth’s collaboration with Revolut is part of a larger trend we’re seeing, where traditional banking institutions, trusted by millions of customers globally, are recognizing the value of decentralized finance and digital assets. Together, we are driving the future of finance, where transparent and reliable data empowers the next generation of financial applications,” he noted.

As a data publisher on Pyth Network, Revolut will contribute to Pyth’s price feeds, enhancing the security and reliability of decentralized applications. In turn, Pyth will leverage Revolut’s market expertise to provide accurate and dependable price feeds to dApps. For Revolut, the partnership marks a significant step in expanding its presence in the web3 space.

Launched in 2015, Revolut has grown to over 45 million users and offers its services in 200 countries. Meanwhile, the Pyth Network continues to expand, with more than 120 data providers, over 590 price feeds, and integration across 450 dApps.



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AI

‘Hype Cycle’ To Last Another Four Months for This Altcoin Sector, According to Real Vision Analyst Jamie Coutts

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Real Vision’s chief digital assets analyst Jamie Coutts says that a nascent but soaring crypto sector could continue its upward trend for a few more months.

Coutts tells his 32,100 followers on the social media platform X that he thinks crypto artificial intelligence (AI) agents will continue to perform well in the coming months.

Crypto AI agents are protocols built to autonomously perform tasks on behalf of users such as interacting with blockchains and decentralized finance (DeFi) platforms, trading and managing portfolios.

Says Coutts,

“The last big crypto hype cycle was from November 2020 to May 2021, around six months. Subsectors like DeFi, NFTs (non-fungible tokens) around six-12 months.

Interest in AI agents in crypto took off in November 2024. Based on history, this trend is expected to last at least another four months, but probably longer.

AI agents are not like the others – they unlock potential for every established and new use case.”

Image
Source: Jamie Coutts/X

The Real Vision analyst, however, says that crypto AI agents could face a severe correction after reaching the cycle top.

“There will be many scams (tread carefully/position size), and as with every hype cycle, the dump will be massive, but I suspect this move still has a way to go.”

According to the cryptocurrency data aggregator CoinGecko, some of the AI-focused crypto projects that rank among the top 100 digital assets by market cap include Artificial Superintelligence Alliance (FET), Virtuals Protocol (VIRTUAL) and ai16z (AI16Z).

Artificial Superintelligence Alliance is a me ging of various decentralized AI platforms whose goal is to speed up the advancement of decentralized Artificial General Intelligence (AGI) and Artificial Superintelligence (ASI).

Virtuals Protocol is a platform that aims to enable the co-ownership of AI agents.

Meanwhile, the ai16z crypto project is designed to leverage AI-driven insights to direct investments in blockchain projects.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Blockchain

Steem Dollars spike 106%, highlighting resurgent interest

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Steem Dollars, the stablecoin native to the Steem blockchain, has seen a remarkable price surge of over 106%, drawing fresh attention to the decentralized content and rewards platform.

Originally created in 2016 by blockchain entrepreneur Ned Scott and BitShares founder Dan Larimer, Steem Dollars (SBD) were designed to provide stability in the volatile world of cryptocurrency while powering a unique ecosystem of social media and content creation.

Its market cap currently hovers just above $47.5 million.

Steem Dollars spike over 106%, highlighting resurgent interest in stablecoin rewards ecosystem - 1
Source: CoinGecko

The coin’s recent rally highlights renewed interest in the Steem ecosystem, where Steem Dollars play a central role. Pegged to the U.S. dollar, the coin offers a relatively stable cryptocurrency option — integral to the platform’s reward system.

Additionally, Steem – like most cryptocurrencies – can also be used to make digital peer-to-peer payments.

Users earn SBD for publishing and curating content on platforms like Steemit, a New York-based startup that touts itself as a decentralized alternative to traditional social media networks.

Why Steem Dollars matter

SBD provides liquidity for transactions within the Steem blockchain and can be used to earn interest as part of a decentralized savings account. It is also convertible to other cryptocurrencies or fiat.

Additionally, Steem Dollars can be traded for STEEM tokens or Steem Power, the latter increasing influence and voting weight on the platform.

The sharp price increase, however, raises questions about its stability. While the token is intended to maintain a value close to 1 USD, its market-driven price has occasionally deviated from this peg.

The current surge might reflect speculative trading rather than organic growth in the ecosystem, but it nonetheless underscores the enduring relevance of Steem Dollars in the blockchain space.

Looking ahead

As SBD continues to climb, analysts and community members will be watching closely to see if this momentum translates into lasting growth for the Steem ecosystem.

Whether the surge is a fleeting speculative event or the start of a broader renaissance, one thing is clear: Steem Dollars are once again making waves in the cryptocurrency world.

Several platforms integrate stablecoins into reward ecosystems to incentivize user participation and provide stability. Examples include Hive Dollar on the Hive blockchain, offering rewards for content creators, and DAI from MakerDAO, widely used in DeFi for staking and liquidity rewards.

Binance USD (BUSD) and USDC are commonly utilized in platforms like PancakeSwap and PoolTogether for similar purposes. Curve Finance employs stablecoins like DAI and USDT in liquidity pools, while sUSD from Synthetix powers synthetic asset trading and staking rewards.

Social media platforms like Roll and Rally also incorporate stablecoins to reward creators. These ecosystems highlight the versatility of stablecoins in reducing volatility and fostering user engagement.



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