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Your First Captivating Topic of the Week

🏦 T-Bills for Retail - A First?: WOO X RWA Earn Vaults

Just this morning we’re seeing news come out of the Seychelles with WOO X, a crypto exchange looking to get into the RWA game.

According to a CoinDesk article, “Woo X is claiming bragging rights for being the first cryptocurrency exchange to offer retail customers exposure to tokenized U.S. Treasury bills.”

Under the name of RWA Earn Vaults, WOO X is collaborating with OpenTrade to make this accessible seamlessly on their existing platform. Users can now earn stable, predictable yields without the high volatility and risk that comes with other products

Key features include:

• Currency: USDC

• Yield (APR): 4.5 - 4.7%

• Backing Asset: US Treasury bills

Looking a bit deeper, t-bill-backed Earn Vaults are available at 7-day (~4.5%) and 28-day terms (~4.75%) without further onboarding. This is a great way to bring a crypto-native audience closer to the onchain securities and RWA space, starting with an easy-to-understand asset such as treasuries.

Separately, OpenTrade recently secured a $3.2M seed round from a16z crypto CSX, CMCC Global, Draper Dragon, Plassa Capital, and Ryze Labs to propel the development of their “RWA Yield as a service” product. This positions them well to replicate what they’ve done with WOO X on other platforms, bringing more crypto investors to the security token space.

This is not financial advice.

A Message from TokenizeThis

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Note: Prices increase on May 1, 2024

Your Second Captivating Topic of the Week

👉 From Treasuries to Bonds: PV01

Speaking of treasuries and RWAs, we have another piece of news coming out of Bermuda from PV01, tokenizing a treasuries and moving into corporate bonds!

Max Boonen and Flavio Molendini have recently tokenized $5M in treasuries via a bond following English law. The bond represented a single treasury bill as a security token on Ethereum on April 8th and redeemed the following week, earning 5.10%. PV01’s differentiator, however, is that they’re hosting the bond’s entire lifecycle onchain unlike other issuers that use a wrapper on the underlying treasury or money market fund.

This proof of concept experienced participation from B2C2 (Boonen’s market maker), BlockTower Capital, and Keyrock. With PV01 already proving the model for treasuries, they’re looking to expand to offering corporate bonds also fully onchain.

According our data, we’ve seen over $10B in bonds issued around the world with the majority in market cap coming from Germany and Asia. With PV01 looking to start their first corporate bond issuance in a few months we’ll be keeping an eye out for it and tracking on STM.Co

This is not financial advice.

STM Updates

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

Reports

STM Monthly Report - March 2024

We're excited to release the March 2024 edition of our monthly report! March 2024 has been a remarkable month for the tokenized securities space with the launch of BlackRock’s BUIDL fund via Securitize, increased volumes across ALL asset classes, and RealT’s capital raise leveraging a Swiss framework to name a few catalysts.

In this month’s market report, we have meticulously tracked over 532 security tokens spanning across 12 marketplaces and 10 blockchains.

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

State of Security Tokens 2023 - Q4 Report

We are very excited to publish our State of Security Tokens 2023 - Q4 report with our client and sponsor Blue Water Financial Technologies . Peter Gaffney and the Security Token Advisors team cover the following topics:

• Key retail & institutional themes in the tokenization and real world assets space including:

  • Treasury, private credit, and real estate growth

  • Asset-Backed Securities (ABS) originations and securitizations

  • Investment banking platforms and digital bond placements

  • Global distribution channels & preferential jurisdictions

  • M&A and Investment Activity

• Secondary Trading Activity (40+ graphs and charts from Security Token Market)

• M&A and Investments

• 50+ Service Provider Updates

• Public and Private Blockchain Developments

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.