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Your First Captivating Topic of the Week

🙅‍♀️ DTCC: Blockchain Won’t Bring Us to T+1 by May 2024

The Depository Trust and Clearing Corporation (DTCC) is one of the most well-connected entities in capital markets, playing a role in $2.5 quadrillion in securities transactions in 2022. Yup that’s 15 zeros!

So what’s the deal?
Well let’s go back literally a year: February 2023.

The SEC posted a Final Rule essentially mandating we go to T+1 by May 2024, which is now only a few months away.

A couple of weeks ago, Jennifer Peve was speaking at the OCC’s Symposium on the Tokenization of Real-World Assets and Liabilities. During her session she expressed the DTCC doesn’t believe blockchain will help transition public markets to T+1 by the deadline.

Considering the complex infrastructure public markets have, even the most optimistic tokenizers have to realize it was an ambitious goal to start with (onboarding them on-chain within a year). It’s going to take more time for different service providers to familiarize themselves, be comfortable, and make the necessary changes.

In the meantime though, Peve did mention that blockchain is valuable for less developed infrastructure like alternatives AKA private markets. And this isn’t a surprise either!

Just because the DTCC isn’t tokenizing public markets just yet doesn’t mean they haven’t been active. On the contrary, they just acquired Securrency in 2023 (now DTCC Digital Assets) and even more recently they were involved in Citi’s proof of concept tokenizing private equity funds with Wellington, WisdomTree, and Avalanche which we’re covering on this morning’s Security Token Show Episode (224).

Have any thoughts? Let me know!

A Message from TokenizeThis 2024

Tickets are now available for the highly anticipated TokenizeThis 2024 conference, hosted by Security Token Market!

Use code WD10 for 10% off, including early bird ticket pricing

Mark your calendars for May 9-11, 2024, as this conference promises to be an unforgettable experience in…

You guessed it….

The vibrant city of Miami, FL! 🌴

Boasting a diverse array of industry experts as speakers, thought-provoking panels, and an immersive workshop, the conference offers an in-depth exploration of the ever-evolving tokenization landscape.

Some of the 50+ speakers at TokenizeThis 2023 included executives from Onyx by JP Morgan, WisdomTree Prime, Franklin Templeton Digital Assets, Oasis Pro, Securitize, Centrifuge, Maple Finance, Ava Labs, Polygon, Provenance and many more.

Your Second Captivating Topic of the Week

🤝 Republic and INX: Extended Acquisition Deadline

Well everyone it looks like we’re going to have to be just a little bit more patient. Republic acquiring INX is a very exciting M&A activity to look forward to but it makes sense for them to take their time in figuring out the details, hence why they both agreed to extend the deadline from February 2024 to May 15, 2024 while Republic finishes their capital raise. The companies are also renewing their collaboration agreement for an additional year.

For those not as familiar, Republic was one of the first platforms to leverage Regulation Crowdfunding for private companies to raise capital from retail, non-accredited investors. They have a venture portfolio of 750+ private companies and assets. If any of them sell, offer dividends, or have any other liquidity event, the profits generated go towards a pool to be distributed to the Republic Note ($NOTE) holders.

$NOTE was listed on INX One for secondary market trading on December 6th, 2023 along with INX also integrating Republic Wallet. Feel free to keep an eye on trading activity on STM’s website!

All this activity together still points towards a bright future and gives additional confidence that this acquisition will go through.

This week, the two companies will gather in INX's Tel Aviv offices for a special AMA live broadcast where they will share the latest updates and answer questions from the audience, keep an eye out for the event info!

Reports

STM Monthly Market Report - January 2024 (NEW)

We're thrilled to announce our market reports are coming back on a monthly basis! In this month’s market report, we have meticulously tracked over 470 trading tokenized securities spanning across 12 marketplaces and 8 blockchains.

Sections include:
👉 Key Takeaways
👉 Asset Class Breakdown
👉 Marketplace Spotlights
👉 On-Chain Treasury Products
👉 New Tokens and Announcements

Full Report Available Here

State of Security Tokens 2023 - Q3 Report

The Security Token Advisors State of Security Tokens 2023 - Q3 report is brought to you by Security Token Market!

Shared through CoinDesk’s Crypto Long & Short, Peter Gaffney dives deep with updates from across the industry, from issuers to platforms to protocols. Take a read for analysis on common themes emerging for both primary and secondary markets!

This is not financial or investment advice.

TokenizeThis: Highlights and Key Takeaways Report

We’re proud to have put together a free, 3-day event that resulted in shared insights valuable to both our retail and institutional audiences. That said, we recognize 3 days is a lot of content to take in so we did it for you!

Check out our report highlighting the key takeaways from the conference, quotes, and common themes across the panels.