Previously impossible privacy use cases:• Tokenized private credit without exposing deal terms, rates, or investor details• Cross-chain Delivery-vs-Payment (DvP) without revealing asset or counterparty info• Regulated fund allocations settled onchain while keeping client portfolios confidential• Monetizing proprietary benchmarks without leaking underlying dataAnd that’s just scratching the surface.Chainlink (@chainlink):"The privacy properties within CRE will come from a long researched, very well thought t ...

Core Insights - Mercado Bitcoin is transitioning from a cryptocurrency exchange to a financial hub, focusing on services like Brazil's central bank's PIX payments and digital fixed income [1][2] - The company aims to become a "super app" for managing financial lives, blending traditional finance with blockchain technology [2][3] - The strategy emphasizes user-friendly terminology, moving away from crypto jargon to appeal to a broader audience [5][6] Business Model Shift - The company has seen a significant shift in its revenue model, with crypto trading now accounting for approximately 60% of income, down from 95% at its peak [8] - The expectation is that trading revenue will eventually fall below 30%, with growth in payments, custody, and tokenized investments [8] Product Offerings - Mercado Bitcoin's flagship products include tokenized private credit, targeting an underserved market in Brazil [6] - The firm is also introducing a stablecoin-based remittance service to address common pain points in the country [7]

Core Insights - Ondo Finance has appointed Peter Curley, a former U.S. Treasury and SEC official, to lead its global regulatory strategy, indicating a strong focus on regulatory engagement in the tokenization market [1][2][7] - The RWA tokenization market has reached over $28 billion, highlighting its significance in the financial landscape, particularly as it matures beyond real estate-backed securities and NFTs [3][4][7] - There is a pressing need for consistent regulatory frameworks across regions, as the current lack of uniformity poses challenges for market participants [5][6][7] Market Dynamics - The tokenization market is currently dominated by tokenized private credit, which accounts for nearly 60% of the market, while U.S. Treasury debt constitutes about one-third [4] - Regulatory clarity in key jurisdictions has facilitated the rapid growth of these segments, emphasizing the importance of clear guidelines for market expansion [4] Regulatory Landscape - The regulatory approach varies significantly across regions: - In the United States, tokenized assets are generally treated as securities under the Howey Test, placing them under SEC jurisdiction [8] - The European Union's MiCA framework provides a clearer classification for asset-backed tokens, distinguishing them as either securities or crypto-assets [8] - Dubai's VARA is leading in regulatory innovation, having licensed significant tokenization projects, such as a $3 billion real estate tokenization deal [8]