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Moody’s reveals a significant rise in blockchain-based tokenized funds, emphasizing efficiency gains and technological risks. In a recent report, global financial services powerhouse Moody’s highlighted the burgeoning realm of blockchain-based tokenized funds . Moody’s underscores the efficiency gains in investing assets like government bonds through tokenized funds, noting an untapped market potential. However, they caution about the tech-related risks, emphasizing the need for fund managers to possess broader technological expertise. The Block You might also like: Crypto investment products get $1.18b inflows amid spot Bitcoin ETF launch The surge in fixed-income tokenized funds is largely driven by investments in government securities, a trend accelerated by recent U.S. Federal Reserve interest rate hikes. Remarkably, tokenized fund issuance backed by such securities swelled from $100 million to over $800 million on public blockchains by the end of 20...

The bonds were underwritten by four banks and priced at a yield of 4.05%. The Government of the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR Government) announced on Feb 16 that it had issued HK$800 million in tokenized green bonds , under the Government's Green Bond Program (GBP). The bonds were underwritten by four banks and priced at a yield of 4.05%. According to the announcement, the platform used Goldman Sachs' tokenization protocol GS DAP for the bond, which uses a private blockchain network to settle security tokens representing the beneficial interests of bonds in a T+1 payment-vs-payment (DvP) manner, and cash tokens representing claims on the HKMA's Hong Kong dollar legal tender.  Tokenization, the process of representing assets or securities as digital tokens, is a relatively new concept in the financial world. By using blockchain technology to create digital tokens, issuers can provide more transparency, efficiency, and ...