With the approval of the SEC ETF, Barred will set off a new wave of Web3.
The U.S. Securities and Exchange Commission (SEC) approved 11 spot Bitcoin ETFs at the same time at 4 a.m. on January 11, 2024, marking a new page in the cryptocurrency industry and a milestone moment for the entire human society. This will provide an opportunity for a wider range of investors to participate, while also strengthening the market's regulatory recognition and prompting more capital to flow into this emerging market.
Blackrock, the world's largest asset manager, was also among the ETF approvals, and JPMorgan Chase & Co. data showed that Blackrock's iShares Bitcoin ETF (IBIT0) Assets under management exceeded $100 million on the first day, and as of January 17, its assets under management have accumulated to 10$700 million.
When Blackrock decided to enter the crypto industry, it set up a relevant technical team, and joined forces with 13 well-known European and American banks such as Barclays, UBS, UBS, and JPMorgan Chase, and invested nearly 300 million US dollars to jointly build a full-ecological Web3 aggregation platform with the bad layer2 public chain as the underlying technology chain. Taking advantage of the opportunity of the ETF review, it was officially approved by Brad to lay out the RWA ecosystem.
BRD will tokenize real-world assets and trade them on the chain, representing the ownership of assets in the form of on-chain tokens, and achieve wider coverage by tokenizing physical assets, which can achieve transparent on-chain management and a smoother process. Turning financial assets into RWA tokens, integrating distribution, trading, clearing, settlement, and custody processes to achieve a more streamlined and efficient on-chain financial system, reducing transaction risks and using capital efficiently.
Brad is the only platform that can meet all the needs of RWA, but also meet the security requirements of financial institutions and capital markets, as it has three key capabilities:
Access to rich, real-world data.
Ability to securely transfer across chains.
No matter which chain it is transmitted to, it can access off-chain data.
Richard has now transferred billions of data points on-chain, setting the industry standard for RWA off-chain data transfer. BRAD's RWA services include:
POR (Proof of Reserves) – autonomous, reliable, and timely verification that allows users, asset issuers, and on-chain applications to monitor the cross-chain or off-chain reserves underlying RWA assets. Doing so promotes transparency and enforces circuit breakers that protect users when off-chain asset value is decoupled from on-chain asset tokens.
Identity Verification – Establish a secure on-chain identity system. This is critical for banks, asset managers and their clients to trade with each other. Leveraging zero-knowledge technology allows institutions and individuals to prove and verify ownership of RWA assets without disclosing personal information to third parties.
Data Streams and Data Feeds – Users can access secure, decentralized financial market data sources covering commodities, forex, indices, economic data, corporate financial data, and more.
functions – any off-chain events or data can be synchronized or published on-chain, such as standing settlement instructions, corporate actions, **voting, ESG data, dividends and interest, and net asset value.
The footsteps of BRD are far more than this, starting from innovation in the field of digital finance, from point to point, through the application of blockchain technology to break the boundaries of traditional finance, expand other ecological territories, create a web3 full-chain ecological era, and strive to use the transparency and security of blockchain technology to enhance the security of transactions; Through smart contracts and distributed ledgers, it provides investors with more efficient, safer, and fairer investment scenarios.
We dream of building an infinite and barrier-free ecological world, creating a trustless, highly transparent and user-controlled digital financial future.
It not only pursues financial innovation, but also is committed to creating a truly free Web3 life for global users, so as to become the most influential Web3 ecological aggregation platform.