🇺🇸 Trump Wins & Bitcoin Reaches New All-Time Highs of $77,000

Sunday is here.

Welcome back to another newsletter from us at The Merge.

Tokenisation News

🇺🇸 Trump wins US Presidential elections and Bitcoin soars to $75,000

👨🏽‍💻 Amazon simulates tokenised seller receivables settled in stablecoins

🤝 Swift, UBS & Chainlink complete pilot to bridge tokenised assets with existing payment systems

Read Time: 8 Minutes

Global Market Overview

Real World Assets on-chain (excl stablecoins) are worth $13.16 billion (↑1.7% from last month).

There are 65,726 Total Asset Holders (↑3.07% from last month).

• $176.15b is in Stablecoins

• $9.30b is within Private Credit

• $2.33b is in US Treasury Debt

• $1.09b is in Commodities

• $104.74m is in Global Bonds

• $10.07m is in Stocks

The top 3 networks are 🥇Ethereum ($95.2b in Total Value Locked) 🥈Tron ($62.6b in TVL) & 🥉Binance Smart Chain ($5.27b in TVL).

Fancy taking a look for yourself? Check it out here.

So, what’s being tokenised this week?

Private Credit

Currently, there are $9.3 billion in active-value loans and $15.43 billion in total loan value across all protocols.

As of today, the top 3 current protocols with outstanding loans are 🥇Figure ($8.7b)🥈Maple Finance ($312m) & 🥉Centrifuge ($87m).

Top stories this week?

🇺🇸 Trump wins US Presidential elections and Bitcoin soars to $75,000

The combined capital of the rest of the globe is totally dominated by US capital flows.

Following Trump's win, Bitcoin surged to all-time highs of over $75,000.

His pledge to create a Bitcoin Reserve for the US government of over 1 Million Bitcoin over the next five years, as well as his pro-cryptocurrency attitude prior to his election, speak for themselves.

All sectors of the tokenised real-world asset business are already seeing an explosion in capital.

Additionally, we witnessed the new members of the most pro-crypto Congress in America's history. As of right moment, 219+ pro-crypto candidates have been elected to the Senate and House.

Americans are disproportionately interested in cryptocurrency and want clear guidelines for using digital assets, whatever road the US paves - the world is sure to follow 🚀

Stablecoins

Currently, the market cap of stablecoins is $176.15 billion (↑3.16% from last month)

As of today, it makes up 0.82% (↑3.16% from last month) of all M2 Money Supply with Monthly Transfer Volume totalling $1.73 trillion (↑17.72% from last month).

The top 3 current entities are 🥇Tether ($122.3b)🥈Circle ($37.01b) &🥉Binance ($4.6b).

Top stories this week?

👨🏽‍💻 Amazon simulates tokenised seller receivables settled in stablecoins

Along with stablecoin company StraitsX and NTT Digital, Amazon is participating in a blockchain tokenisation simulation as part of the Singapore Fintech Festival.

Payments to Amazon Marketplace vendors are normally made every 14 days, however in some cases, they may be extended to 90 days. The bulk of Amazon sales are made by these vendors.

In the simulation, these receivables were tokenised and put on an exchange for lenders to purchase at a slight discount. The marketplace vendors would be able to get their money more quickly with this type of tokenised trade financing.

For now, this is purely a simulation, not a planned Amazon solution.

🌊 Paxos launches Global Dollar Network to Accelerate Stablecoin Adoption

To boost stablecoin acceptance and broaden real-world use cases, Anchorage Digital's original partners—Bullish, Galaxy Digital, Kraken, Nuvei, Paxos, and Robinhood—are pooling their resources and experience to launch the Global Dollar Network.

The Global Dollar (USDG), a brand-new, secure, and reliable stablecoin issued by Paxos out of Singapore that complies substantively with the Monetary Authority of Singapore's future stablecoin architecture, is the hub of the network.

The network encourages the creation of cryptocurrency and more comprehensive financial solutions including USDG by utilizing the combined strengths of each of its partners.

Global Dollar Network seeks to transform the stablecoin market under the direction of a network advisory group that includes partners.

Commodities

Currently, the market cap of commodities is $1.09b (↑4.76% from last month).

As of today, the Monthly Transfer Volume totals $257.98m (↑44.9% from last month) with 56.9k addresses that are current holders.

The top 3 current entities are 🥇Paxos ($536.1m)🥈Tether ($528.5m) &🥉Comtech Gold ($11.4m).

Top stories this week?

🌔 Binance’s BNB Chain launches a no-code Real World Asset Tokenisation Service

With built-in compliance tools and explicit instructions for every stage of the tokenisation process, including asset securitization and onchain token minting, the new service expedites the asset tokenisation process.

The cost, time, and effort needed to tokenise assets are greatly decreased when the tokenisation process is outsourced to the BNB Chain's tokenisation solution.

This would lower the entry barrier for small enterprises looking to take advantage of real-world asset tokenisation.

Partnerships include the likes of InvestaX (we’ve talked about them before ;) aswell as Bitbond, Brickken and TokenFi to name a few.

Entrepreneurs, small businesses, and everyone else trying to raise money would be able to benefit. Them underlying infrastructure of BNB Chain is designed to be accessible, making Web3 available to everyone, from tech-savvy companies to physical businesses.

Bonds

Currently, the total value of bonds is $104.74m (↑4.96% from last week).

As of today, the Average Yield to Maturity is 3.81% with 0.4 years in Weighted Average Maturity. There are 438 Holders (↓6.62% from last week).

The top 3 current entities are 🥇Spiko ($78.9m)🥈 Backed Finance ($20.53m)🥉 OpenTrade ($5.31m).

Top stories this week?

🇨🇭 City of Lugano issues third digital bond via SDX

This is the third digital bond issued by the Swiss City of Lugano is worth CHF 120 million ($139 million).

The SIX Digital Exchange (SDX) is currently the only way the city issues bonds. The nine-year 1% yield bond was issued above par due to the considerable demand.

The bond was listed on both the main SIX market and the SDX, much like its previous issuances. Additionally, the bond may be kept in both the traditional SIS central securities repository and the SDX digital one.

In 2023, the City issued its first CHF 100 million digital bond, making it the first non-financial entity to use the SDX.

The Swiss National Bank (SNB) introduced the first digital bond as a component of the SNB General Collateral Basket. Allowing the use of digital bonds in central bank repurchase agreements (repos) may have been a first for the globe.

Stocks

Currently, the total value of stocks is $10.07m (↑39.41% from last month).

As of today, the Monthly Transfer Volume totals $169.37k (↑12.08% from last month) with 110 Active Addresses and 804 Current Holders.

The top 3 current entities are 🥇Coinbase Global ($5.4m)🥈iShares Core S&P 500 ($2.1m) &🥉Nvidia ($1.54m).

Top stories this week?

🤝 Swift, UBS & Chainlink complete pilot to bridge tokenised assets with existing payment systems

This program integrates tokenised money procedures with current fiat payment systems by utilising Swift's global financial communications network, which includes over 11,500 institutions.

In contrast to other tokenisation trials, the initiative uses existing infrastructure to promote digital finance while enabling transactions without relying only on blockchain-based payment methods.

The pilot is consistent with previous remarks made by Sergey Nazarov, co-founder of Chainlink, during the Sibos conference on October 23 that was organised by Swift.

The pilot expands upon UBS and SBI Digital Markets' efforts to develop a Digital Subscription and Redemption mechanism for tokenised funds as part of Project Guardian.

In response to growing investor interest in tokenised financial assets, UBS launched a tokenised fund on the Ethereum blockchain on November 1.

To meet the increasing demand from investors, the bank introduced the "UBS USD Money Market Investment Fund Token," or "uMINT," as a money market fund.

MAS revealed its initiatives to promote the commercialisation of tokenising assets, using data from more than 15 experiments and input from more than 40 organisations.

Weekly Resource List

🌐 RWA.xyz: On-Chain RWA Analytics

Explore tokenised real-world assets and the investors, issuers and service providers participating in public blockchains. View protocol statistics, industry aggregate metrics, and the issuers all in one place (link)

🔎 Santiment: Crypto Intelligence Tool

A behaviour analytics platform for crypto, sourcing on-chain, social and development information on thousands of coins, including market signals. For RWA’s insights check out this (link) 

💳 Coinbase Wallet: The Crypto Wallet of Choice

You’ve more than likely heard and probably used Coinbase, so no introduction is needed. This is by far one of the easiest and non-crypto native wallets to be picked up and used by anyone. They even have a ‘Simple Mode’ for beginners. (link) 

As always, thanks for reading.

Vote below and let us know your thoughts this week —we’d love to hear from you.

See you next Sunday,

Merge