Blockchain
Ledger Vault, Coinstreet Partners And Global Intelligent Trust Collaborate to Launch Digital Asset Custody Service for Digitized Securities, Tokenized Assets & Stablecoins
BMI Coinstreet Digital (BC-Digital), a joint venture between BMI Group & Coinstreet Partners, and Global Intelligent Trust (GIT), a licensed trust company in Hong Kong, announced their collaboration to launch digital asset custody services for initial Tokenized Security Offering (TSO), Digitized Security Offering (DSO), Tokenized Asset Offering (TAO), Security Token Offering (STO) and Stable Coin Offering (SCO). These services are built on Ledger Vault’s digital asset custody solution, which will be integrated with STO Global-X’s (STGX) digital asset tokenization and trading platform.
This collaboration offers independent digital asset custody services to licensed broker dealers who provide fully compliant TSO, DSO, STO and SCO services to qualified corporate issuers. Investors subscribing to these offerings can store digital assets securely in Ledger’s bank-grade digital vault operated by the consortium. Audited reports will be provided by qualified fund administrators, in the same way as a traditional financial custodian.
“Professional investors and fund managers investing in STOs may not want to manage the private keys in-house. As STOs gain traction, there is a strong demand for 3rd party independent digital asset custody services,” said Chan Heng Fai, Chairman of Coinstreet Partners. “This consortium has also created a uniquely collaborative solution to resolve potential compliance risks caused by STO exchanges that offer trading and custody services on the same platform.”
“It is crucial to have best practices for custody services for digital assets, benchmarked to the professional standard in the traditional capital market industry,” said Lowell Lo, Chairman of Global Intelligent Trust. “We are very pleased to contribute our 25+ years of experience in traditional financial services to build a world-class digital service together with the consortium.”
Ledger Vault provides flexible wallet technology infrastructure for STGX platform to create a sophisticated yet secure custody system with end-to-end hardware backed transfers and a strong multi-authorization governance model, ensuring no single points of failure. Ledger Vault’s solution further allows STGX customers to fully control 100% of its keys, and manage its liquidity instantaneously.
“By using Ledger Vault, BMI Coinstreet Digital and Global Intelligent Trust will reassure customers that their assets are safe and fully secure. For long term growth, a proper infrastructure must be in place. People take security and governance very seriously and we’re delighted to support the consortium in their mission to provide this to their users,” said Pascal Gauthier, CEO of Ledger.
“Integrating Ledger Vault’s solution with STGX’s platform creates an end-to-end, institutional-grade digital asset tokenization and trading solution for institutional investors, without compromising on security or performance,” said Floyd DCosta, Co-Founder & CEO of STO Global-X.
“This exciting collaboration combines traditional capital market best practices, fully compliant work processes & corporate governance, and best of breed technologies together. It will significantly improve user experience and security for STO investors,” said Samson (SAM) Lee, Co-Founder of BMI Coinstreet Digital.
According to a survey by the World Economic Forum, around 10% of global GDP will be in tokenized and stored on the blockchain by 2027. BC-Digital serves clients with tokenization needs ranging from stablecoins, real estate, financial services, technology, biotech, healthcare, telecommunications, energy, manufacturing, hotel, hospitality, lifestyle, gaming, media and entertainment sectors. They expect significant growth in the number of high-quality STO projects and accredited investors, as adaption of this new corporate finance method gains popularity globally.
SOURCE Coinstreet Partners
Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
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Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
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Blockchain
CoreNest Capital Announces Strategic Investments in SpaceX, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, and Study Dojo
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