Moody’s published a mini report on the tokenization of alternative assets. It finds that blockchain-based secondary markets could boost liquidity and help with efficiencies. However, the question is whether alternative asset managers are keen on greater transparency. Tokenization can fractionalize the investment amounts, making them accessible to a wider audience. Depending on the risks, in many cases that might still exclude retail investors. Instead, high network worth individuals might invest alongside institutions, but even for institutional investors, fractionalization supports greater diversification. Additionally, secondary markets can address the inability to withdraw funds for long periods. “Blockchain provides investors with real-time access to information regarding their investments and underlying assets,” write Moody’s. Fund distribution firm Calastone has been talking for years about tokenizing the fund’s underlying assets, not just the fund units. As Moody’s notes, some asset managers are protective of their unique strategies. They view it as their secret sauce to achieve higher yields, and transparency could mean they lose their edge. Additionally, monitoring the details in real time may result in a shift towards short term performance. The Moody’s paper touches on the role of artificial intelligence (AI) arguing it can help in processing analytical data, navigating regulations and portfolio management.
Telegram’s 900 million users will be able to make peer-to-peer interactions seamlessly as the messaging app incorporates mini-apps and the Tether stablecoins
Telegram’s 900 million users will be able to make peer-to-peer interactions seamlessly as the messaging app incorporates mini-apps and the Tether stablecoins. Many users will interface with crypto for the first time and not even notice it. Developers will also benefit as they launch ecommerce, paywalled content, games and other business activities on top of The Open Network’s (TON’s) layer-1 blockchain more smoothly thanks to the stablecoin, TON Telegram is also continuing the rollout of its TON-based wallet. The most interesting use cases are the ones that engage in social viral mechanics. So there are games that are being created on a daily basis that are powered through Telegram mini-apps. Those products will be available without downloading outside apps. The advantages of that are clear. Catizen game is an example. When the developers came to TON from a different blockchain, they gained 2 million users in two months, compared to 600,000 in a year and a half previously. TON’s global reach and native USDT remove the need for local payment gateways. Tether also makes it possible for Telegram to circumvent the payment restrictions imposed by Google and Apple.