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Time Details
2025-07-07
12:58
Bitfinex Securities Launches Two High-Yield RWA Tokens on Bitcoin Sidechain, as Australian Regulator Probes ASX's Failed Blockchain Project

According to @BitMEXResearch, Bitfinex Securities is expanding its Real World Asset (RWA) offerings with two new tokenized products in the UK, contrasting with the institutional trend led by firms like BlackRock. The first product, "TITAN1," offers investors a 20% annual dividend by investing in community banking debt, while "TITAN2" provides a 50% share of proceeds from litigation financing. Both tokens are issued on the Liquid Network, a Bitcoin (BTC) sidechain, making alternative investments accessible to a broader audience. Jesse Knutson of Bitfinex Securities emphasized that their goal is true disintermediation to fill capital gaps left by traditional banks, unlike institutional RWA products that often replicate existing financial structures. In separate news, Australia’s Securities and Investment Commission (ASIC) has initiated an inquiry into the Australian Securities Exchange (ASX) following the costly failure of its blockchain-based CHESS settlement system upgrade in 2022. The probe addresses ongoing concerns about the exchange's operational stability and risk management. This development highlights the regulatory and execution risks associated with large-scale blockchain implementations in traditional finance. Market data indicates a slight bearish sentiment, with Bitcoin (BTC) down approximately 0.65% and Ethereum (ETH) down 1.05% against USDT in the last 24 hours.

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