Tether is the stablecoin that issued the USDt.USDT(dollar-pegged token) is looking at tokenizing shareholder equity and buybacks of shares to offer investors liquidity as it strives for a $500 billion valuation.
Bloomberg reported According to an anonymous source, Tether stopped a shareholder in the process of selling his stake. in talks to raise $20 billion A 3% stake is required in the stablecoin issuer company.
Bloomberg reported the investor’s intention to sell an $1 billion stake, which would have valued Tether as $280 billion. Tether intends to respond by offering investors liquidity via tokenization and share buybacks once the funding round has closed.
Cointelegraph contacted Tether, but did not receive a reply by the publication date.
Tokenizing a company’s equity Increase liquidity through easier transfer of shares, fractionalization and borrowing. Onchain Equity allows investors to keep their position while using their tokenized equity in DeFi applications.
Related: Tether solvency fears are ‘misplaced’ as company sits on large surplus: CoinShares
As US regulators overhaul the legacy financial technology, tokenized finance gains momentum
Depository Trust and Clearing Corporation DTCC, a clearinghouse and settling firm, was given the go-ahead by the US Securities and Exchange Commission on Thursday. to tokenize stocksExchange-traded Funds and Bonds
The US financial markets poised to move onchain“SEC Chair Paul Atkins said On Thursday, we added. “Onchain markets will bring greater predictability, transparency, and efficiency for investors.”
J.P. Morgan, a provider of financial services facilitated a $50 million tokenized bond issue Atkins also announced a deal with crypto-investment company Galaxy Digital Holdings the day after Atkins.
Following the SEC nod and Atkins comments, crypto exchanges also want to increase trading in tokenized products.
Coinbase will be announcing its launch of a new cryptocurrency exchange in the US. expansion into tokenized stocks and prediction markets Early Wednesday morning.
Cointelegraph reported that the company will be hosting a livestream for new product launches, though it did not say which ones.
According to, the adoption of tokenized public stocks is still at an early stage. Approximately $700,000,000 in public equity was tokenized as of the date of writing. RWA.xyz data.
Magazine: Bitcoin whale Metaplanet ‘underwater’ but eyeing more BTC: Asia Express
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cointelegraph.com
