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QX | May 2024 - Monthly Recap #5



Our monthly recap offers a regular cadence of updates regarding our contributions to the Enterprise Blockchain community. These updates showcase QualitaX's dedication to advancing blockchain adoption in financial services. Whether collaborating on open standards, releasing open-source tools, or educating through ecosystem partnerships, we are committed to supporting the digital transformation of traditional finance.




Digital Assets


📢 We released our latest deep dive, 'ERC-1400: Enabling Secure and Compliance Digital Securities'.


With the current forecast of tokenized digital securities at $4 trillion to $6 trillion by 2030, the tokenization of financial instruments opens up new opportunities to enhance market efficiency, increase liquidity, and expand investment possibilities.

The ERC-1400 report is a deep dive into ERC-1400, which is used for tokenizing financial instruments such as equity, private credit, treasuries, and real estate funds in a compliant and regulated manner on Ethereum and EVM-compatible networks.





Interoperability


📝 We are happy to announce that the draft of the Enterprise Ethereum Alliance Distributed Ledger Technologies (DLT) Interoperability Specification is now ready for public review and comments, at https://entethalliance.github.io/crosschain-interoperability/draft_dlt-interop_techspec.html.

To streamline the review process, we are using GitHub for collecting and managing all reviews and comments. Please submit your feedback as issues within the public repository at https://github.com/EntEthAlliance/dlt-interop - detailed instructions on the review process can be found there, too.



QX Insights - Webinars


In 2023, we launched a webinar series titled "The Future of Financial Market Infrastructures" aimed at exploring and demystifying the evolving world of finance through the lens of blockchain technology. The purpose of the series is to be a hub for thought leaders and experts in the field and to provide insights into the changes shaping the financial industry.


👉 Catchup: This month, we had the pleasure of hosting Garett Jones, Chief Economist at Bluechip, to discuss stablecoins ratings and risks.


Recording is now available on Youtube.




We discussed:


✅ Key lessons from economic theory and history that shape Bluechip's approach to stablecoin valuation.


✅ Critical factors that contribute to a stablecoin's long-term stability and success.


✅ How Bluechip's SMIDGE rating framework assesses stablecoins, providing market participants with a clearer picture of their safety and reliability.


✅ Explore the potential of stablecoins in shaping the next wave of financial innovations and inclusion.



👉 Catchup: The first episode of QX Institutional is now available; brought to you by the teams at QualitaXbluechip.org, and RWA World.


This monthly roundup covers the latest developments in DLT and blockchain in finance, stablecoins, and real-world asset tokenization.


𝐅𝐨𝐫 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐚𝐧𝐝 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐥𝐢𝐬𝐭𝐞𝐧 𝐭𝐨 𝐭𝐡𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐞𝐩𝐢𝐬𝐨𝐝𝐞 𝐡𝐞𝐫𝐞



 DLT and Blockchain in Finance with Anaïs Ofranc

- Major funding & Partnerships

- Key Industry Initiatives

- DLT Interoperability Standards


 Stablecoins Roundup with Garett Jones

- Yield-bearing stablecoins

- Government-backed stablecoins

- Analysis of stablecoin velocity and safety


 RWA Tokenization with Tyler Sherwin and Ray Buckton!

- Market cap projections for tokenized assets

- Institutional developments

- Regulatory highlights and ecosystem advancements


QX Snapshots - Newsletter


As professionals in emerging technologies, we like to keep our pulse on the latest news on AI, Tech, Quantum computing, Blockchain, and the Metaverse. This month, we published 5 new issues of QX Snapshots.


Friday, 31 May - DTCC, Clearstream, Euroclear, and BCG Unveil Framework for Tokenized Asset Integration; Swift Institute on Tokenized Liquidity for Financial Operations; BIS Proposes Tokenized Correspondent Banking; Marketnode Raises Series led by HSBC.


Friday, 24 May - ISDA Guides on Tokenized Collateral Legalities; REtokens Taps Polymesh for $30M Real Estate Tokenization; iCapital Debuts Blockchain Fund with UBS; Alphaledger Nets Series A for Blockchain Fixed Income Solutions.


Friday, 17 May - Mastercard Executes First Tokenized Deposit Transaction on MTN; Broadbridge to Adopt JPM Coin; World Bank Issues CHF Digital Bond; Standard Chartered Euro Settlement on Partior.


Friday, 10 May - U.S. Financial Sector Trials Blockchain for Multi-Asset Settlements, UAE’ s Liv Digital Bank Explores Asset Tokenization, and First US Municipality Issues Blockchain-Based Bond.


Friday, 03 May - Securitize Raises $47 Million in BlackRock-Led Round; Tokyo Subsidies Digital Securities Issuance; Prometeum Capital and Broadbridge Partnership.


Next Steps: Fostering Collaboration in Digital Finance


Over the next month, we will continue driving impact and adoption of open standards through our deep involvement with industry groups like the Enterprise Ethereum Alliance and ERC3643 Association.


We intend to release more educational materials and thought leadership content around crucial topics such as Digital Assets, DeFi risks and DLT interoperability in regulated settings. Our contributions in these spaces aim to promote responsible innovation and make complex concepts more accessible to enterprises.


Finally, we are exploring new collaborative opportunities with partners focused on advancing Digital Transformation for the Financial Services sector by using blockchain and DLT technologies. The months ahead promise exciting progress across our focus areas.


We look forward to updating you on the latest developments in our next monthly recap!




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