Tokenization is key to linking TradFi to the blockchain

As more and more traditional institutions begin to dabble in digital assets, some believe the best way for both old-school finance and decentralized finance (DeFi) to grow together is through a cross-chain world and tokenization.

At Chainlink’s SmartCon 2022 conference, the “Bridging Traditional Finance and DeFi” panel discussed how interoperability could drive greater success for crypto in traditional markets. (Blockchain interoperability is when different chains communicate with each other. Tokenization is turning assets into digital tokens so investors could own fractional bits of the underlying asset.)

“By default, I’m definitely bullish on tokenization,” Victor O’Laughlen, managing director of head of enterprise tokenization at BNY Mellon, said. “We’re actually looking at tokenizing all different types of assets internally and, really, tokenization for me is an enabler for interoperability.”

Historically, financial institutions haven’t connected well, O’Laughlen said. “We have our own islands and try to operate in the best way that we can, but there’s always fear and uncertainty if we connect … but there’s a lot of integration that needs to happen within banks.”

NEWS RELATED

Prisma Labs, maker of Lensa AI, says it is working to prevent accidental generation of nudes

We recently uncovered that Lensa AI can be tricked into creating NSFW images. When TechCrunch made the Prisma team aware of its findings, the company’s CEO replied with its findings. Prisma Lab’s CEO and co-founder Andrey Usoltsev told us that the behavior we observed in our article can only happen ...

View more: Prisma Labs, maker of Lensa AI, says it is working to prevent accidental generation of nudes

As Butterfield exits stage left, it’s fair to wonder what’s happening at Salesforce

It’s been a pretty rough week for Salesforce co-founder and CEO Marc Benioff and the folks at his company: Three talented executives – co-CEO Bret Taylor, Tableau CEO Mark Nelson, and Slack CEO and co-founder Stewart Butterfield – announced their resignations in quick succession. It’s fair to ask what ...

View more: As Butterfield exits stage left, it’s fair to wonder what’s happening at Salesforce

Apple’s first car, delayed until 2026, won’t be self-driving

Apple has talked a big game about its future plans to break into the automotive market. But a report from Bloomberg says that Apple has had to scale back its plans. Last year, Apple said it would debut a fully self-driving car in 2025, but now, the vehicle is ...

View more: Apple’s first car, delayed until 2026, won’t be self-driving

TechCrunch+ roundup: The end of free money, how to forecast NRR, slashing SaaS spending

If you ask three different people whether we’re in a recession, you could easily get three different answers. As often as the ‘R’ word is bandied about in tech, a survey of 450 early-stage founders found that only 12% plan to hire fewer workers and 6% have laid people off. ...

View more: TechCrunch+ roundup: The end of free money, how to forecast NRR, slashing SaaS spending

Starting the tampon revolution with Valentina Milanova

Welcome back to Found, where we get the stories behind the startups. This week the show kicks off a new season and welcomes a new co-host. In this episode, Darrell is joined by Becca Szkutak to chat with Valentina Milanova, the founder of Daye, a gynecological health company creating ...

View more: Starting the tampon revolution with Valentina Milanova

Circle and Footprint’s aborted debuts are the final nail in the SPAC coffin

It would be nice to say that we’ll miss SPACs. But as blank-check companies fade from our view, we have to say we really won’t. Many companies that went public via a SPAC, or special purpose acquisition company, have seen their valuations implode post-combination. The resulting public-market mess meant ...

View more: Circle and Footprint’s aborted debuts are the final nail in the SPAC coffin

Apple loosens grip on App Store pricing with 700 new price points, support for prices that don’t end in $.99

Apple is loosening its requirements around how developers have to price their apps as legal and regulatory pressure over its tight control of the App Store intensifies. The company announced today it’s expanding its App Store pricing system to offer developers access to 700 additional price points, bringing the new ...

View more: Apple loosens grip on App Store pricing with 700 new price points, support for prices that don’t end in $.99

Google Search’s new topic filters make it easier to refine results and expand searches

Google announced today that it’s making it easier for users to drill down on a search and explore related topics. Search currently has a few filters to help you refine and separate your search results between videos, news, images or shopping results. Now, the search giant is going to start ...

View more: Google Search’s new topic filters make it easier to refine results and expand searches

Use customer health data to grow and forecast NRR

Sellscale uses generative AI to create better marketing emails

Apple illegally interfered with union organizing in Atlanta, labor board finds

Snapchat is testing Lenses with power-ups and upgrades that you can buy

Rackspace blames ransomware attack for ongoing Exchange outage

Meta’s behavioral ads will finally face GDPR privacy reckoning in January

Future Africa teams up with TLG Capital to set up $25M venture debt fund for portfolio companies

HBO Max comes back to Prime Video Channels

Amnesty Canada says it was targeted by Chinese state-sponsored hackers

Twitter’s iOS app is riddled with privacy settings glitches

Apple Music is getting a new karaoke-like feature, Apple Sing

ClickHouse launches ClickHouse Cloud, extends its Series B

OTHER NEWS

Breaking thailand news, thai news, thailand news Verified News Story Network