Coinbase Diamond Project: new blockchain debt instruments

Coinbase Asset Management launches Project Diamond, a platform for institutional investors to issue and exchange blockchain-based digital debt instruments.

Developed by Coinbase Asset Management and using its Ethereum scaling network, Base, Project Diamond integrates several vital components. These include the Coinbase Prime custody service, the exchange’s web3 crypto wallet, Circle’s USDC stablecoin, and the Base layer 2 network. Together, these elements forge a capital market that operates entirely on blockchain.

Having obtained in-principle approval from the Abu Dhabi Global Market Financial Services Regulated Activity, Project Diamond has already moved forward with the issuance and distribution of its first debt instrument. This initial offering, a short-term discount note denominated in USDC stablecoin, was executed on Base, showcasing the platform’s capabilities to Abu Dhabi regulators.

Project Diamond is currently accessible to registered institutional users outside of the United States. This launch comes amid intense competition to integrate traditional financial assets such as bonds and credit into blockchain systems. This process, known as real-world asset (RWA) tokenization, is believed to improve settlement speed, reduce operating costs, and increase transparency.

By 2030, the tokenized RWA market is expected to reach $10 trillion, according to asset management company 21.co. Project Diamond distinguishes itself by creating digitally native assets directly on the blockchain, a significant evolution from simply creating tokenized versions of existing instruments.

Shaun Martinak, head of infrastructure development at Coinbase Asset Management, emphasizes the advantage of this approach and highlights the efficiency of creating and maturing fully on-chain assets. Coinbase aims to close the gap in global assets that are currently not represented in blockchain infrastructure, which represents less than 0.25%.

Follow us on Google News

Leave a Reply

Your email address will not be published. Required fields are marked *

Best Exchanges
Buy, trade, and hold 600+ cryptocurrencies on Binance
Buy, trade, and hold 450+ cryptocurrencies on ByBit
Buy, trade, and hold 150+ cryptocurrencies on Kucoin
Buy, trade, and hold 100+ cryptocurrencies on BitFinex 
Buy, trade, and hold 150+ cryptocurrencies on CoinBase

Guru Investing is an independent source of information about investing , not controlled by any broker. All our reviews and guides are created honestly, according to the best knowledge and judgement of the members of our independent expert team; however, they are intended for informative purposes only and should not be construed as, nor relied upon as, legal advice. You should always make sure that you meet all regulatory requirements before making any financial operations . Copyright ©2024 Email for contact [email protected]
pornhd.com hindisexyporn.com kashmiri girls sex jayasex indaporn.info desi bhabi xxx xlnindia sexo-vids.com 1st time sex video たかはししょうこ動画 javfuck.mobi 真正中出し3本番 彩乃なな sex film sexy film xxxhindividoes.com xnxx indian teens
ano nga ba ang pangarap iwantmoreteleserye.com hello heart episode 3 reshma hot saree images nuporn.mobi xvidies com bihar chudai tubezaur.mobi heroine photo hot dasixx hardcoreporntrends.com ileana d'cruz hot photoshoot www.xxxsexvideo.com xbeegtube.mobi hindi movi
www sxe vidoes erohardcore.info boops sucking dehati fuck kitporn.info chuk chuk rail fuckcomix.com mojoporntube.net gujaratisexvidio probinsyano october 18 2021 full episode freeteleseryetv.net ang probinsyano july 14 2022 قصص سكس كرتون cmsextra.net سكس بنات تخينة