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1️⃣ Institutional-grade money market fund on a permissionless chain = MASSIVE growth potential! 💰 2️⃣ A "back-door" for crypto-native businesses to park & grow their cash stash despite US banking restrictions! 🏦💼 3️⃣ A massive test balloon for tokenizing securities like bonds! 🎈📈
🚀 🇬🇧💼The UK regulators are taking strides towards establishing the UK as a global crypto hub. The recently released Digital Securities Sandbox (DSS) consultation paper outlines the roadmap for tokenized securities' issuance, trading, and settlement. 📄💰
TL:DR? Here's the scoop: ▶ Bank of England and FCA join forces to run DSS. ▶ DSS to last 5 years, aimed to shape a permanent, tech-neutral, and tech-friendly regulatory framework. ▶ Tokenized assets like equities, bonds, and fun units are in scope.
🚀🔥 Blackrock's #BUIDL fund could be BIGGER than a BTC ETF! 🌟 Here's why: 👇