FDIC Vice Chair urges more open approach to crypto, slams 'Choke Point-like tactics'

2025-01-10 19:45

FDIC Vice Chair Travis Hill said he expects the agency, which insures deposits in U.S. banks, to take a more “open-minded approach” to technology and called for more guidance on digital assets in a speech posted on Friday.Hill’s remarks follow concerns from some in the crypto industry that the FDIC had asked financial institutions to pause crypto-related activity.

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Today 2025-04-02

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The WAT agreement is supported by three major RWA assets: Hong Kong Gold, Dubai Real Estate, and Turkmenistan Natural Gas, accelerating the migration of traditional giants on the chain

Odaily Planet Daily News: The World Assets Protocol (WAT), a global RWA (physical asset tokenization) protocol, announced that the gold assets of Hong Kong's Meiya Group, the Dubai landmark building project NAmeriaREAM, and the natural gas resources of Turkmenistan's National Natural Gas Company will be mapped on the chain in the near future and officially integrated into the WAT protocol ecosystem. This move connects the liquidity channel between traditional high-value assets and the cryptocurrency market through a technological framework, further promoting the standardization process of the RWA track. 1. Hong Kong's gold assets are jointly managed by Meiya Group and Hong Kong Heraeus Gold Melting Plant to establish a gold regulatory warehouse, which relies on the WAT agreement to convert physical gold into ERC721 certified NFTs and anchor tokens ATC. Investors can obtain tokens and stable USD returns (annualized 8% -10%) by holding gold asset warrants on the chain, which are mapped 1:1 to the value of physical gold, while avoiding the liquidity restrictions and custody risks of traditional gold trading. 2. NamericaREAM is a high-end real estate development project for Dubai's pre-sale properties. It collaborates with Dubai Royal Real Estate Group EMAAR to achieve on chain transactions of pre-sale properties through the dynamic mapping layer of the WAT protocol, enabling users to trade properties through ATC. And mint the income token INC (Income Token) to inject the investment income of pre-sale buildings into the chain. 3. As an important global energy asset, the natural gas resources of Kurmanstan will have their natural gas extraction rights and sales revenue digitized through the compliance pre-processing layer of the WAT protocol (audited by institutions such as JPMorgan Chase) and ZK technology, introducing energy related targets with an annualized stable cash flow of over 10% to the cryptocurrency market while ensuring on chain transaction compliance. The current management scale of the WAT agreement exceeds 270 million US dollars, covering diversified assets such as energy, real estate, and precious metals. This cooperation marks the recognition of traditional giants towards the on chain ecosystem and is expected to attract more Web2 users and funds to enter.