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Tokenization has caught the attention this year but will it finally have its moment in 2024? Myles Milston, Co-Founder and CEO of Globacap takes a look at whether tokenization is ready for mass adoption in private markets. buff.ly/3GXhhos

Alisa DiCaprio, Chief Economist at R3, explores how regulatory sandboxes and networks can drive the growth of institutional DeFi and tokenisation buff.ly/3RT1MEh

Wishing everyone a very merry Christmas and happy holidays to all that celebrate.

Digital bank Revolut has said it plans to suspend some of its crypto services from its U.K. business clients in response to incoming new rules from the FCA. buff.ly/41vQrNG

UK legislation for Digital Securities Sandbox has been published. No limits have been specified. buff.ly/3TprwcG

A trustworthy on-chain payment mechanism is one of the critical requirements to support tokenized securities and capital markets. Now the UK has one. The first banks to go live are Lloyds Banking Group, Banco Santander and UBS. buff.ly/3Tq5oyP

Blockchain will be used to verify the real-name identities of China's 1.4 billion people, according to the Blockchain-based Service Network, China's national-level blockchain initiative – a move likely to spark concern among data-privacy advocates. buff.ly/3taHFIh

Today Coinbase announced Project Diamond, its tokenization solution for native digital assets in Abu Dhabi. It aims to comply with regulations and “unlock institutional adoption”. buff.ly/3GGyW3w

A US Congress committee has unanimously passed a pro-blockchain bill, which would task the U.S. commerce secretary with promoting blockchain deployment and thus potentially increasing the country's use of blockchain technology. buff.ly/4abaPaC

The American Institute of CPAs has published proposed criteria for stablecoin issuers when they disclose their proof of reserves. It asks for more details than any stablecoin issuers currently provide in their disclosures. buff.ly/3uInVMt

The UK Parliament’s Treasury Committee urged the Bank of England and HM Treasury to ‘proceed with caution’ in its work on a retail CBDC and has published a paper on the topic. buff.ly/46HZGv9

The Bank of Canada published the results of its CBDC consultation. A public survey open to all Canadians signaled opposition to a Canadian digital dollar, with concerns about privacy and how it would impact citizen rights. buff.ly/3Gr1dLl

Nasdaq’s Marketplace Technology division has unveiled a new offering supporting carbon credit issuance, settlement and custody. It uses smart contracts and clients can deploy it on a centralised database or enterprise blockchain. buff.ly/46DR7RS

His Majesty’s Treasury published the responses to the Digital Securities Sandbox consultation it launched in July. So far 19 organisations have expressed interest and the Government is still open to other potential applicants. buff.ly/3RgLwfT

Canada’s Office of the Superintendent of Financial Institutions is consulting on bank disclosures of crypto-assets. It follows a Basel Committee consultation on the same topic launched in October. buff.ly/3MRLEQw

Yesterday the DoJ announced a settlement with the world’s largest crypto exchange Binance Holdings in turn for a payment of $4.3 billion. Binance CEO CZ has stepped down and pled guilty to anti-money laundering and Bank Secrecy Act violations. buff.ly/3GcaO8P

A survey by fund distributor Calastone found that 67% of U.S. asset managers expect to have tokenized products on the market within a year. In Asia the figure was 61%. However, 96% of Asian asset managers expect to tokenise funds within three years. buff.ly/3sHFLi4

Russia’s Ministry of Finance has said it would participate in digital ruble pilots starting in 2024. Separately, State Duma lawmakers regret the central bank’s decision to pursue a retail CBDC rather than a wholesale one. buff.ly/3GcTcJK

Bipartisan lawmakers urge the federal banking regulators to ignore SEC crypto accounting rule for banks. buff.ly/3sG3qzu

Crypto exchange and wallet provider Blockchain.com has closed a $110 million raise, valuing the company at less than half of its previous $14 billion, according to a Bloomberg report. buff.ly/3FZMQxq