Crédit AgricoleItalia's bond Token platform BlockInvest has announced plans to Token two different sets of non-performing loans (NPLs). It is partnering with asset-backed securities (ABS) company Centotrenta Servicing to issue Token securities backed by non-performing loans. It also partnered with Davis & Morgan, a small bank, to Token distressed mortgages. Both sets of Tokens will be issued on the Polygon public Blockchain.

Is it expected that the SEC will approve the XRP ETF? Could this push the XRP price to $1 With the advent of SpotBitcoin ETFs approved by the US SEC (SEC) on Wednesday, Crypto Assets investors quickly turned their attention to the next big event, which could be XRP ETFs. In addition to the expected Ethereum ETF application, Valkyrie CIO mentioned that Ripple's XRP and the like could be the next projects to get ETF approved. "I wouldn't be surprised if we saw Ripple or EthereumSpot ETFs," McLurg said in an interview. Although McClurg has shown optimism about a possible XRP ETF, he revealed that there is no indication that Valkyrie will be involved. Valkyrie has been heavily involved in Bitcoin and Ethereum ETFs, but has not shown any interest in AltCoin so far. However, the CIO explained that Crypto Assets can be very unpredictable. Given this, it's impossible to know where the market will end up Fluctuation and what asset managers will be interested in next. Talk about the possible launch of XRP ETFs is not new, especially as the debate over BitcoinSpot ETFs continues to heat up. As a result, Crypto Assets researcher ABS outlined the possible impact of XRP ETFs. ABS explained that this is likely to generate more interest from institutional investors, as they can easily access an investment in the asset through ETFs. In addition, as marketing takes off, it will also propel XRP into the mainstream. This will obviously increase interest around the world, and finally, XRP ETFs will bring liquidity to Crypto Assets. The impact of ETFs on asset prices can be measured by what happened in November, when rumors spread that BlackRock had applied for an XRP ETF. As the rumor spread, the XRP price soared rapidly, and once the rumor was dispelled, the XRP price fell back again. Nonetheless, this performance of AltCoin indicates that the market is ready to buy XRP ETFs. In the case where the AltCoin price reaches $100, it may not happen in the next few years. However, there is no doubt that the approval of the XRP Spot ETF will help propel it to achieve this goal faster. (Source: Best Owie)

XRP Forming a bullish pattern on the chart, a big price increase is likely? As the cryptocurrency expert recently highlighted an indicator that suggests this is coming. This is undoubtedly a welcome development for the XRP community, as there has been a lot of confusion about the price action of XRP recently. In a post shared on its X (formerly known as Twitter) platform, cryptocurrency researcher ABS 3T Warrior Academy highlighted that XRP may be forming the biggest bull flag in cryptocurrency history. This guess is based on the monthly chart he shared. As you can see from the chart, XRP is indeed forming a bullish flag, which is an immediate indication of bullish sentiment. The crypto expert further noted how the XRP traded below its all-time high (ATH) of $2,165 in "2,165 and 3.8 days." Count. He mentioned that this could be the result of the SEC labeling "unregistered securities." However, Abs is bullish on XRP, as he said that the regulation is clear, considering that the crypto token has shed its label and secured a "bright future". Another crypto analyst recently highlighted a similar pattern on the chart, noting that the altcoin is forming a bullish flag pattern that could push its price to $25. Many in the community seem to agree with this analyst on the price prediction. In his initial post, ABS launched a poll asking his followers what they thought the peak price target for XRP would be when a breakout occurred. The majority of voters believe that the XRP will be above $22.35 when the expected breakout occurs. Crypto analyst Egrag Crypto said patience is key as the XRP community is waiting for a big rally in crypto tokens. He made this comment while sharing an accompanying chart that shows the future trajectory of XRP. As you can see from the chart, analysts are predicting a long-awaited spike in the price of XRP in 2024. According to his predictions, XRP will rise above $1.50 sometime between February and March 2024. He expects XRP to fall sharply soon, with the cryptocurrency falling to $0.7. However, the community will once again have a reason to smile, as the token will rise to "Valhalla" from then on. Egrag predicts that this will happen in June 2024. (Source: Scott Matherson)

Jinse Finance reported that the Bank for International Settlements released an empirical study of 5,000 asset-backed securities (ABS) issuances in China, comparing the pricing of ABS with and without blockchain. The study found that “the overall adoption of blockchain has significantly increased the pricing of ABS.” Since 2017, about 5% of ABS in China use blockchain. ABS is still new in China, with circulation starting in 2015 and expected to grow to 2.9 trillion yuan ($400 billion) by 2020. Conservatively, blockchain reduces yield spreads by 25 basis points, although some results show an impact as high as 39 basis points. This is a significant impact given the average yield spread in the study was 76 basis points.

According to news from PANews on July 11, according to The Block, Laser Digital, a digital asset subsidiary of Nomura Securities, appointed industry veteran Florent Jouanneau as a new partner in its venture capital business. The company plans to expand its venture capital arm despite shrinking funding levels across the industry. It is reported that Jouanneau previously worked at White Star Capital, a venture capital firm investing in web3 and DeFi startups. He previously worked as a structured credit and ABS trader at Bank of America, and held sales and trading roles at UBS and Natixis, part of the BPCE Group.

According to news on July 11, Laser Digital, the digital asset subsidiary of Nomura Securities, appointed industry veteran Florent Jouanneau as its new partner for venture capital business. Despite the low level of funding across the industry, Laser Digital plans to make 10 more investments in early-stage web3 startups this year. It is reported that before joining Laser Digital, Jouanneau worked at White Star Capital, a venture capital firm investing in web3 and DeFi startups. He previously worked as a structured credit and ABS trader at Bank of America, and held sales and trading roles at UBS and Natixis, part of the BPCE Group.