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April 14, 2023From Real Estate to Artwork: How Cryptocurrencies are Revolutionizing Asset TokenizationCryptocurrencies are increasingly being used for <a href="https://defi-planet.com/2022/11/asset-tokenization-a-top-use-case-of-blockchain-in-finance/" rel="noopener noreferrer nofollow">asset tokenization</a>, a process of converting the ownership of an asset into digital tokens on a blockchain.This tokenization process enables fractional ownership, allowing individuals to invest in assets that would have been otherwise inaccessible due to high costs or regulatory barriers. In this newsletter edition, we will discuss the utility of cryptocurrencies in asset tokenization.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/97399932927a450ba91c561c40460442.jpeg" />One of the primary benefits of using cryptocurrencies in asset tokenization is the increased efficiency and transparency of the process. Traditional asset tokenization requires multiple intermediaries, such as brokers, banks, and lawyers, to facilitate the process.However, cryptocurrencies enable direct transactions on a blockchain, reducing the need for intermediaries and lowering transaction costs. This increased efficiency also leads to greater transparency, allowing investors to track the history of asset ownership and verify the authenticity of transactions.Another benefit of using cryptocurrencies in asset tokenization is the potential for increased liquidity. Fractional ownership through tokenization enables smaller investors to participate in markets that would have otherwise been inaccessible due to high minimum investment requirements. This increased participation can lead to increased liquidity in these markets as more investors are able to buy and sell fractional ownership tokens.Cryptocurrencies also offer greater security in asset tokenization. By using a blockchain, asset ownership is stored in a decentralized and immutable ledger, reducing the risk of fraudulent activities such as double-spending or unauthorized ownership transfers. Cryptocurrencies also offer programmable functionality, allowing for the creation of smart contracts that can automate the execution of certain conditions, such as dividend payments or buy-backs.Finally, cryptocurrencies offer greater flexibility in asset tokenization. Tokens can represent a wide range of assets, including real estate, artwork, and even intellectual property. This flexibility enables the creation of new markets and investment opportunities, as well as the democratization of access to traditionally exclusive assets.In conclusion, cryptocurrencies offer numerous benefits in asset tokenization, including increased efficiency, transparency, liquidity, security, and flexibility. As blockchain technology continues to evolve, we can expect to see further innovation in asset tokenization, creating new investment opportunities and democratizing access to previously exclusive assets.Catch up on our published articles for the week!<h3 id="strong-news-strong">News</h3><ul><li>Lido’s Liquid Staking Platform Gains Market Share Against Centralized Exchanges, Glassnode Reveals &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/lidos-liquid-staking-platform-gains-market-share-against-centralized-exchanges-glassnode-reveals/" rel="noopener noreferrer nofollow">Read more.</a></li><li>Bitget Unveils $100 Million Web3 Fund to Support Upcoming Crypto Projects in Asia &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/bitget-unveils-100-million-web3-fund-to-support-upcoming-crypto-projects-in-asia/" rel="noopener noreferrer nofollow">Read more.</a></li><li>Solana Introduces State Compression to Power User-First Web3 Projects at Lower Cost &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/solana-introduces-state-compression-to-power-user-first-web3-projects-at-lower-cost/" rel="noopener noreferrer nofollow">Read more.</a></li><li>Hong Kong’s Financial Secretary Advocates for Web3 Advancement Despite Crypto Market Volatility &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/hong-kongs-financial-secretary-advocates-for-web3-advancement-despite-crypto-market-volatility/" rel="noopener noreferrer nofollow">Read more.</a></li><li>Ripple vs. SEC: Attorney Questions US SEC’s Classification of XRP as a Security &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/ripple-vs-sec-attorney-questions-us-secs-classification-of-xrp-as-a-security/" rel="noopener noreferrer nofollow">Read more.</a></li><li>Japan Open to OpenAI Expansion Amidst Restrictions From Other Countries &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/japan-open-to-openai-expansion-amidst-restrictions-from-other-countries/" rel="noopener noreferrer nofollow">Read more.</a></li><li>GSBN CEO: Blockchain Crucial to the Future of Logistics &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/gsbn-ceo-blockchain-crucial-to-the-future-of-logistics-global-adoption-may-take-up-to-a-decade/" rel="noopener noreferrer nofollow">Read more.</a></li><li>Gate Group Announces Participation in Hong Kong’s First Web3 Festival &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/gate-group-announces-participation-in-hong-kongs-first-web3-festival/" rel="noopener noreferrer nofollow">Read more.</a></li><li>Mysten Lab Co-founder Dismisses Sui Token Airdrop Rumours &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/mysten-lab-co-founder-dismisses-sui-token-airdrop-rumours/" rel="noopener noreferrer nofollow">Read more.</a></li><li>FTX Bankruptcy Lawyers and Advisers Receive $32.5M in Compensation for February Services &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/ftx-bankruptcy-lawyers-and-advisers-receive-32-5m-in-compensation-for-february-services/" rel="noopener noreferrer nofollow">Read more.</a></li><li>OPNX Ecstatic Over a Staggering 90,000% Surge in Trading Percentage &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/opnx-ecstatic-over-a-staggering-90000-surge-in-trading-percentage/" rel="noopener noreferrer nofollow">Read more.</a></li><li>G20 to Develop Unified Framework for Cryptocurrency Risk Management &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/g20-to-develop-unified-framework-for-cryptocurrency-risk-management/" rel="noopener noreferrer nofollow">Read more.</a></li><li>RFK Jr. and DeSantis Criticise FedNow Payment System Over Central Bank Digital Currency Risk &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/rfk-jr-and-desantis-criticise-fednow-payment-system-over-central-bank-digital-currency-risk/" rel="noopener noreferrer nofollow">Read more.</a></li><li>CBCG Partners With Ripple for Montenegrin Digital Currency Pilot Program &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/cbcg-partners-with-ripple-for-montenegrin-digital-currency-pilot-program/" rel="noopener noreferrer nofollow">Read more.</a></li><li>China Implements New Regulation Requiring Evaluation of Generative AI Services Before Deployment &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/china-implements-new-regulation-requiring-evaluation-of-generative-ai-services-before-deployment/" rel="noopener noreferrer nofollow">Read more.</a></li><li>Report Shows Majority of NFT Owners Buy NFTs for Utility and Long-Term Profit &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/report-shows-majority-of-nft-owners-buy-nfts-for-utility-and-long-term-profit/" rel="noopener noreferrer nofollow">Read more.</a></li><li>Former Investment Banker and Broker Charged With Defrauding Investors in Brooklyn Federal Court &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/former-investment-banker-and-broker-charged-with-defrauding-investors-in-brooklyn-federal-court/" rel="noopener noreferrer nofollow">Read more.</a></li><li>Elon Musk Purchases Thousands of GPUs for Twitter Project &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/elon-musk-purchases-thousands-of-gpus-for-twitter-project/" rel="noopener noreferrer nofollow">Read more.</a></li><li>Hong Kong’s ZA Bank to Offer Crypto to Fiat Conversions &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/hong-kongs-za-bank-to-offer-crypto-to-fiat-conversions/" rel="noopener noreferrer nofollow">Read more.</a></li><li>Spanish Authorities Intensify Tax Collection Efforts from Crypto Holders &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/spanish-authorities-intensify-tax-collection-efforts-from-crypto-holders/" rel="noopener noreferrer nofollow">Read more.</a></li><li>OpenAI Launches Bug Bounty Program to Address System Vulnerabilities &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/openai-launches-bug-bounty-program-to-address-system-vulnerabilities/" rel="noopener noreferrer nofollow">Read more.</a></li><li>Tether Blacklists Validator Address Responsible for Draining $25 Million From MEV Bots &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/tether-blacklists-validator-address-responsible-for-draining-25-million-from-mev-bots/" rel="noopener noreferrer nofollow">Read more.</a></li><li>VAF Compliance Launches Telegram Bot Service for Assessing Crypto Payment Risks &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/vaf-compliance-launches-telegram-bot-service-for-assessing-crypto-payment-risks/" rel="noopener noreferrer nofollow">Read more.</a></li><li>LimeWire Introduces a New Game That Rekindles Music Piracy Nostalgia &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/limewire-introduces-a-new-game-that-rekindles-music-piracy-nostalgia/" rel="noopener noreferrer nofollow">Read more.</a></li><li>Argentina Approves Launch of the First Regulated Bitcoin Futures Index in Latin America &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/argentina-approves-launch-of-the-first-regulated-bitcoin-futures-index-in-latin-america/" rel="noopener noreferrer nofollow">Read more.</a></li><li>Montana House Approves Crypto Miner Rights Bill &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/montana-house-approves-crypto-miner-rights-bill/" rel="noopener noreferrer nofollow">Read more.</a></li><li>Twitter Partners With eToro to Bring Crypto and Stock Trading to Its Platform &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/twitter-partners-with-etoro-to-bring-crypto-and-stock-trading-to-lts-platform/" rel="noopener noreferrer nofollow">Read more.</a></li><li>Fonbnk Partners With Tanda to Provide DeFi Solutions in Africa &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/fonbnk-partners-with-tanda-to-provide-defi-solutions-in-africa/" rel="noopener noreferrer nofollow">Read more.</a></li><li>Yearn Finance Affected by $11M Exploit Via Aave V1 &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/yearn-finance-affected-by-11m-exploit-via-aave-v1/" rel="noopener noreferrer nofollow">Read more.</a></li><li>Italian Data Watchdog Expects Transparency From ChatGPT &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/italian-data-watchdog-expects-transparency-from-chatgpt/" rel="noopener noreferrer nofollow">Read more.</a></li><li>Shapella Upgrade: Crypto Exchanges Set Dates For Staked ETH Withdrawal &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/shapella-upgrade-crypto-exchanges-set-dates-for-staked-eth-withdrawal/" rel="noopener noreferrer nofollow">Read more.</a></li><li>SEC vs Ripple: SEC Presents Letter in Court to Undermine Ripple’s Defence &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/sec-vs-ripple-sec-presents-letter-in-court-to-undermine-ripples-defence/" rel="noopener noreferrer nofollow">Read more.</a></li><li>Ripple Launches New Liquidity Solution to Connect Cryptocurrency and Fiat for Businesses  &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/ripple-launches-new-liquidity-solution-to-connect-cryptocurrency-and-fiat-for-businesses/" rel="noopener noreferrer nofollow">Read more.</a></li><li>Report Asia Poised to Lead the Web3 Gaming Market &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/report-asia-poised-to-lead-the-web3-gaming-market/" rel="noopener noreferrer nofollow">Read more.</a></li><li>Hong Kong’s HashKey Group Enters Wealth Management Market with New Platform for Investors &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/hong-kongs-hashkey-group-enters-wealth-management-market-with-new-platform-for-investors/" rel="noopener noreferrer nofollow">Read more.</a></li><li>Advocates Call for Meta to Prohibit Minors from Accessing Horizon Worlds Metaverse Platform &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/advocates-call-for-meta-to-prohibit-minors-from-accessing-horizon-worlds-metaverse-platform/" rel="noopener noreferrer nofollow">Read more.</a></li><li>Bitrue Crypto Exchange Suffers $23 Million Hot Wallet Hack &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/bitrue-crypto-exchange-suffers-23-million-hot-wallet-hack/" rel="noopener noreferrer nofollow">Read more.</a></li><li>Paxos Publishes Report to Assist Crypto Community in Navigating the Crypto Winter &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/paxos-publishes-report-to-assist-crypto-community-in-navigating-the-crypto-winter/" rel="noopener noreferrer nofollow">Read more.</a></li></ul><h3 id="strong-press-release-strong">Press Release</h3><ul><li>BitMEX Introduces a New PnL Realization Feature &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/bitmex-introduces-a-new-pnl-realisation-feature/" rel="noopener noreferrer nofollow">Read more.</a></li><li>BitMEX Joins TRUST Protocol to Expand Travel Rule Compliance Capabilities &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/bitmex-joins-trust-protocol-to-expand-travel-rule-compliance-capabilities/" rel="noopener noreferrer nofollow">Read more.</a></li></ul><h3 id="strong-markets-strong">Markets</h3><ul><li>Shanghai Upgrade Completed; Ethereum Hits $1990; What Next? &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/shanghai-upgrade-completed-ethereum-hits-1990-what-next/" rel="noopener noreferrer nofollow">Read more.</a></li></ul><h3 id="strong-articles-strong">Articles</h3><ul><li>SingularityNET and the AGIX Token: Charting the Evolution of Decentralized AI Marketplaces: This article extensively explores the SingularityNet project, examining how it works, its token, and its potential impact on developments in the AI sector.    &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/singularitynet-and-the-agix-token-charting-the-evolution-of-decentralized-ai-marketplaces/" rel="noopener noreferrer nofollow">Learn more.</a></li><li>How to Gift Crypto: The Ultimate Guide to Giving and Receiving Cryptocurrencies: This article thoroughly explores the intricacies of gifting cryptocurrencies. We’ll explore the step-by-step process involved in giving digital assets as a gift and provide tips to ensure you’re doing so securely and responsibly. By the end of this read, you’ll be equipped with the knowledge needed to give crypto gifts confidently. &gt;&gt;&gt; <a href="https://defi-planet.com/2023/04/how-to-gift-crypto-the-ultimate-guide-to-giving-and-receiving-cryptocurrencies/" rel="noopener noreferrer nofollow">Learn more.</a></li></ul><h4>In Other News…</h4><h3 id="strong-former-tron-ceo-justin-sun-receives-summons-over-sec-lawsuit-strong">Former TRON CEO Justin Sun Receives Summons Over SEC Lawsuit</h3>Former TRON CEO Justin Sun has been <a href="https://storage.courtlistener.com/recap/gov.uscourts.nysd.596044/gov.uscourts.nysd.596044.13.0.pdf" rel="noopener noreferrer nofollow">summoned</a> by a U.S. district court regarding charges previously filed by the SEC. Sun has 21 days to respond to the summons. If he doesn&#39;t respond, he will face a default judgement.Although Sun hasn&#39;t explicitly commented on the summons, he did <a href="https://twitter.com/justinsuntron/status/1646569047088328706" rel="noopener noreferrer nofollow">post</a> the number &#34;4&#34; on Twitter around the same time. This seems to be a reference to Binance CEO Changpeng Zhao&#39;s<a href="https://twitter.com/cz_binance/status/1610018096122851328?s&#61;20" rel="noopener noreferrer nofollow"> rule 4</a> of ignoring &#34;FUD, fake news, attacks, etc.&#34;<img src="https://academy-public.coinmarketcap.com/optimized-uploads/23071e41af7b480f916586172ce24623.png" />A few weeks ago, the SEC announced charges against Sun, alleging that he participated in unregistered securities offerings and illegal wash trading involving cryptocurrency. Sun responded by saying that the complaint &#34;lacks merit&#34; and that his cryptocurrency projects are legitimate.It&#39;s worth noting that other individuals, companies, and celebrity promoters were also named in connection to these charges, and most celebrity promoters have already settled with the SEC.Spotlight on interesting projects<h3 id="strong-betdex-strong">BetDEX</h3>The <a href="https://www.betdex.com/" rel="noopener noreferrer nofollow">BetDEX Exchange</a> is a sports betting exchange built on the Monaco Protocol, allowing for peer-to-peer wagering.The Exchange is licensed and regulated under the jurisdiction of the Isle of Man via the Gambling Supervision Commission. BetDEX is a key contributor to the Monaco Protocol, a permissionless decentralized and open-sourced protocol built on the Solana blockchain, supporting prediction and betting markets.For more information, visit <a href="https://www.betdex.com/" rel="noopener noreferrer nofollow">https://www.betdex.com/</a>.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/f57fa731fdd64e48aeaf4b2cff1f514f.png" />If you want more content like this, visit <a href="https://defi-planet.com/" rel="noopener noreferrer nofollow">DeFi Planet</a> and follow us on <a href="https://twitter.com/PlanetDefi" rel="noopener noreferrer nofollow">Twitter</a>, <a href="https://www.linkedin.com/company/defi-planet/" rel="noopener noreferrer nofollow">LinkedIn</a>, <a href="https://www.facebook.com/DeFi-Planet-129907662611402" rel="noopener noreferrer nofollow">Facebook</a>, <a href="https://www.instagram.com/defi.planet/" rel="noopener noreferrer nofollow">Instagram</a>, <a href="https://medium.com/&#64;defi-planet" rel="noopener noreferrer nofollow">Medium</a>. and <a href="https://coinmarketcap.com/community/profile/DeFiPlanet/" rel="noopener noreferrer nofollow">CoinMarketCap Community</a>.

Weekly Round-Up #46 | The Democratization of Ownership: Cryptocurrencies and Asset Tokenization

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