Mirae Asset Securities collaborates with Polygon Labs to facilitate tokenization and Web3 integration with traditional finance. This alliance aims to create an infrastructure for issuing and transacting tokenized securities – translating tangible assets into blockchain-backed cryptographic tokens. The partnership anticipates reshaping capital markets by eliminating intermediaries, promising a more efficient, transparent, and inclusive global financial system.
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South Korea’s STO Market Boom: What Lies Ahead for Banks and Investors by 2030
South Korea’s security token offerings (STO) market could reach $287 billion by 2030, with major banks preparing to enter this growing market. Recent government policy announcements regarding STO regulations have prompted a positive response from the banking sector, resulting in rapid market growth and the formation of an STO alliance among major banks.
Sanctioned Ethereum Wallet Sparks Debate: Cryptocurrency Convenience vs Illicit Activities
The U.S. Treasury’s OFAC has imposed sanctions on Russian firms and individuals, including an Ethereum wallet, for assisting Russia in evading existing punitive measures amidst the Ukrainian conflict. The case underscores the dual nature of cryptocurrencies as convenient cross-border transaction tools and potential means for illicit activities, emphasizing the need for balancing their benefits with security safeguards.