Securitize’s BUIDL Regains Title as Largest Tokenized U.S.

Securitize's BUIDL has reclaimed the largest tokenized U.S. Treasury fund title at $2.8B. Here's why this matters for investors.

• Securitize's BUIDL fund has reclaimed its position as the largest tokenized U.S. Treasury fund with a market cap of $2.8 billion, representing 18.5% of the total market.
• This development highlights competitive dynamics in the tokenized treasury sector, with BUIDL narrowly surpassing Circle's USYC.
• The news suggests strong investor confidence and may influence future investor strategies and market activity in tokenized government-backed assets.

Topics: Asset types, Public debt, Scalability, Financial instruments, Tokenized us treasuries, Growth metrics

Tags: #securitize #buidl #tokenizedustreasuries #marketcap #circle #usyc #investorconfidence #regulatorycompliance

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Lawmakers discuss measures to ensure banking system safety, support digital economy

Lawmakers on August 9 discussed a draft law amending and supplementing a number of articles of the Law on the State Bank of Vietnam, the Law on Anti-Money Laundering and the Law on Credit Institution.

• Lawmakers are discussing amendments to laws concerning the State Bank of Vietnam, anti-money laundering, and credit institutions to enhance banking system safety and support the digital economy.
• Key proposals include stricter controls on conflicts of interest for banks managing corporate bond collateral and preventing the tying of banking services to product purchases.
• The draft law also addresses crypto-asset service providers, aiming to integrate them into reporting frameworks with clear obligations for customer identification, transaction transparency, and compliance with the Travel Rule.

Topics: Legal regulatory, Jurisdictions, Blockchain usage, Securities law classification, Licensing issuer obligations, Cross jurisdictional policy, Regulatory sandboxes pilots, Non evm chains

Tags: #bankingsystemsafety #digitaleconomy #antimoneylaundering #creditinstitution #corporatebonds #collateralmanagement #investorconfidence #conflictsofinterest #cryptoassets #travelrule

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Investment Giant Fidelity Backs Clarity Act

The investment giant is the latest big player to back the bill.

• Investment giant Fidelity is backing the Clarity Act, a crypto market structure bill, urging the Senate to pass it for market certainty and U.S. leadership.
• The bill faces opposition from banking chiefs concerned about stablecoin yields and potential conflicts of interest for officials, though the latest draft includes a ban on officials promoting crypto.
• Fidelity's support is driven by its management of Bitcoin and other digital asset ETFs, highlighting the growing institutional interest in regulated crypto exposure.

Topics: Legal regulatory, Institutional adoption, Public market access, Securities law classification, Asset manager initiatives, Regulatory approval process, Bitcoin etf

Tags: #fidelity #clarityact #cryptomarketstructure #sec #bitcoinetfs #stablecoins #investorconfidence #digitalassets #elizabethwarren #senate

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