tl;dr
The Monetary Authority of Singapore (MAS) has announced plans to deepen support for asset tokenization in financial services. This includes initiatives to enhance liquidity and adoption of tokenization, forming commercial networks, developing market infrastructures, and fostering industry frameworks...
The Monetary Authority of Singapore (MAS) has announced plans to deepen support for asset tokenization in financial services. This includes initiatives to enhance liquidity and adoption of tokenization, forming commercial networks, developing market infrastructures, and fostering industry frameworks. Major banks and industry players are involved in these efforts, with a focus on digital infrastructure and industry frameworks such as Guardian Fixed Income Framework and Guardian Funds Framework. Additionally, various crypto projects, including Ondo Finance, Mantra, Pendle, and Ripple, are actively involved in boosting the tokenization of real-world assets.
The MAS asset tokenization plans are backed by significant developments in the financial industry. MAS will boost liquidity and adoption across primary and secondary markets for tokenized asset transactions, with banks such as Citi, HSBC, Schroders, Standard Chartered, and UOB forming the Guardian Wholesale Network industry group to establish commercial networks. The Global Layer One (GL1) will provide digital infrastructure ecosystem to facilitate seamless cross-border transactions, with leading banks such as BNY, Citi, J.P. Morgan, MUFG, and Societe Generale-FORGE defining the business, governance, risk, legal, and technology requirements of the GL1 Platform.
Two industry frameworks have been developed by Project Guardian: the Guardian Fixed Income Framework (GFIF), which implements tokenization in debt capital markets, and the Guardian Funds Framework (GFF), which provides best practices for tokenized funds, including fund settlement. These industry frameworks are designed to enhance the acceptance and implementation of asset tokenization in the financial industry.
Crypto projects such as Ondo Finance, Mantra, Pendle, and Ripple are rapidly expanding to bridge decentralized finance with traditional finance, focusing on boosting the tokenization of real-world assets. Notably, Ripple has allocated $10 million to mint US Treasury bills on the XRPLedger, emphasizing its commitment to real-world asset tokenization.
The MAS' proactive measures and the active involvement of industry players and crypto projects illustrate the growing momentum behind asset tokenization, heralding a new era of innovation and connectivity between traditional and decentralized finance.
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United States Steel Corporation produces and sells tubular and flat rolled steel products primarily in North America and Europe. The company is headquartered in Pittsburgh, Pennsylvania.
Industry: MANUFACTURING
Sector: STEEL WORKS, BLAST FURNACES & ROLLING MILLS (COKE OVENS)
Market Cap: 8,698,357,000
Current Price: $24.45
Change: $0.2
Change (%): 1.58%
52 Week Range: $17.48 - $29.67
Earnings per Share (EPS): $0.0241
Shares Outstanding: 162,750,000,000
Price to Earnings (P/E) Ratio: 41.59
Forward Price to Earnings (P/E) Ratio: -0.598
Dividend Yield: -0.13
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Griffon Corporation Summary Griffon Corporation Summary
Griffon Corporation engages in the consumer and professional products, home and construction products, and defense electronics businesses primarily in the United States, Europe, Canada, Australia, the United Kingdom, Mexico, and China. The company is headquartered in New York, New York.
Industry: MANUFACTURING
Products: METAL DOORS, SASH, FRAMES, MOLDINGS & TRIM
Revenue: $3,119,346,000
Stock Price: $17.07
Price Change: $0.575 ( 3.71%)
52-Week Range: $53.64
EPS: $0.0727
Market Cap: $2,605,232,000
RSI: 89 (Overbought)
Change from 50-Day MA: -0.067 (Bearish)
Change from 200-Day MA: -0.052 (Bearish)
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Company: Masco Corporation
Description: Masco Corporation is a manufacturer of products for the home improvement and new home construction markets.
Industry: Manufacturing
Segments: Heating Equip, Except Elec & Warm Air; & Plumbing Fixtures
Market Cap: $17,298,754,000
Current Price: $21.32
Change: $1.16 ( 3.76%)
52-Week Range: $35.75
Dividend Yield: 0.105
Revenue: $7,882,000,000
PE Ratio: 87.41
EPS: -$0.3
Beta: 0.002
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