COINDESK DAILY: BlackRock Joins Asset Tokenization Race; North Korea Hackers Stole $3B in Crypto Since 2017

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CoinDesk

Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 21 March 2024

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

Host Jennifer Sanasie breaks down the latest news in the crypto industry from BlackRock's tokenized asset fund to crypto hacks tied to North Korea. To get the show every day, follow the podcast here. "CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as BlackRock enters the tokenization race with a new fund on the Ethereum network. Plus, FTX CEO John J. Ray III pushes back against Sam Bankman-Fried’s claims that customers lost “zero” money in the exchange’s collapse. And, a UN Security Council study reveals that North Korea-linked crypto hackers stole $3 billion since 2017. - Consensus is where experts convene to talk about the ideas shaping our digital future. Join developers, investors, founders, brands, policymakers and more in Austin, Texas from May 29-31. The tenth annual Consensus is curated by CoinDesk to feature the industry’s most sought-after speakers, unparalleled networking opportunities and unforgettable experiences. Register now at consensus.coindesk.com. - This episode was hosted by Jennifer Sanasie. “First Mover” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:51.5	BlackRock is in on the tokenization race with a new fund on the Ethereum network.
0:56.4	The asset management giant also made a strategic investment in asset tokenization company securitized.
1:02.7	The BlackRock USDA Institutional Digital Liquidity Fund is represented by the Biddle token
1:07.4	and fully backed by cash, U.SS. Treasury bills and repurchase agreements.
1:11.9	According to a press release, it will provide yield paid out via blockchain rails every day to
1:16.2	token holders. Securitize will act as a transfer agent and tokenization platform, while BNY
1:21.7	Mellon is the custodian of the fund's assets.
1:25.6	Current FTX CEO John J. Ray III is is pushing back against founder Sam Bankman-Fried's
1:31.2	claims that customers lost no money in the exchanges collapse.
1:35.5	Ray says they are, quote, categorically callously and demonstrably false, and quote,
1:41.6	Bankman-Freed and his legal team have leaned heavily in on the no harm to
1:45.9	customers' narrative asking the judge to consider a maximum of a sentence of six and a half
	...

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