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Metasphere Labs Shares Important Advances in Real World Tokenized Assets

  • Market
  • calendarMay 24, 2024
  • calendarRWA.Media
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Metasphere Labs Inc., a pioneer in tokenized assets and open meta universes, has announced several transformational industry milestones that will significantly affect the digital and carbon asset landscape.

SEC's Move Toward Ether ETFs

The U.S. Securities and Exchange Commission (SEC) has unexpectedly asked major exchanges such as Nasdaq, CBOE, and NYSE to finalize their applications and list spot ether exchange-traded funds (ETFs). This is a significant departure from the SEC's traditionally cautious approach and could be a watershed moment for the market.

BlackRock's Dominance in Tokenized Treasury Funds

In another important development, BlackRock's BUIDL fund became the largest tokenized treasury fund, raising $375 million and taking nearly 30% of the $1.3 billion tokenized treasury market. This impressive growth, achieved in just six weeks, has attracted significant attention from digital asset companies and traditional financial sectors, highlighting the growing interest in real-world tokenized assets (RWAs).

Related article: BUIDL Tokenized Treasury Bond Fund from BlackRock raised $245 Million in the First Week

Metasphere Labs' Innovation Projects and Collaborations

Metasphere Labs is making strides in developing tokenized assets, particularly in the carbon economy and natural capital sectors. A strategic partnership with Pure Sky Registry LLC aims to create a blockchain-integrated carbon credit registry. This initiative is designed to increase the transparency, security, and efficiency of carbon credit transactions, potentially revolutionizing carbon credit management. The minimum viable product (MVP) is scheduled to be released by July 1, 2024.

“These industry advancements highlight the growing acceptance and integration of digital and carbon assets. As we continue to develop innovative solutions in these areas, we are poised to leverage these trends to create significant value for our stakeholders.” Natasha Ingram, CEO of Metasphere