News linked to both this project and an event.
Odaily Report: Investment management firm CMCC Global plans to tokenize its two digital asset funds, Crest and the Liberty Bitcoin Accumulation Fund (LBAF), issuing and managing tokens through Tether's Hadron infrastructure, with distribution by Bitfinex Securities under El Salvador's digital asset framework. Both funds adopt a fund-of-funds structure: Crest is denominated in USD and aims to outperform U.S. Treasury yields; LBAF is denominated in Bitcoin and targets an annualized net return of 8% to 12% (in Bitcoin terms), with no guaranteed payments. The tokens represent economic rights to the underlying fund shares, are minted in proportion to the corresponding shares, and are burned upon redemption; issuance requires identity verification and anti-money laundering review, and is restricted to whitelisted addresses only. BTCS S.A. has agreed in principle to provide a three-digit Bitcoin-anchored allocation, with the specific size undisclosed; Crest is priced at $10 per token, and LBAF is priced at 0.0001 BTC per token.
Odaily reports: Blockchain asset management firm CMCC Global has announced the tokenization of its Crest Fund (Crest) and Liberty Bitcoin Accumulation Fund (LBAF), calling them the first tokenized fund-of-funds products issued under El Salvador's digital asset legal framework. The two funds will be issued using Tether's Hadron tokenization platform and will raise capital from qualified investors through the regulated Bitfinex Securities platform, with the subscription period running until October 30, 2026.Both funds are multi-manager quantitative hedge funds investing in digital asset market-neutral strategies, including funding rate arbitrage, cross-exchange and volatility arbitrage, market making, and DeFi strategies. Crest is denominated in USD and targets returns above U.S. Treasury yields; LBAF is denominated in Bitcoin and targets a net annualized return of 8%–12%. BTCS S.A., a digital asset treasury company listed in Poland and Frankfurt, has agreed to serve as cornerstone investor and plans to allocate a three-digit number of Bitcoin to LBAF, with the specific amount not yet disclosed. The token issuance prices are $10 per CREST token and 0.0001 BTC per LBAF token, with a minimum subscription of one token; eligible holders can also conduct round-the-clock secondary market trading through Bitfinex Securities. (PRNewswire)
Odaily News: Sui announced on the X platform that Hadron by Tether is now live, providing institutions with the infrastructure to issue tokenized stocks, bonds, commodities, and other assets. The infrastructure is designed with compliance at its core and built for scalable growth.
Odaily News Tether officially announced that its asset tokenization platform, Hadron by Tether, has reached a strategic partnership with Saudi fintech company First Advanced Data for Artificial Intelligence (First Data) and BKN301. The collaboration will leverage Hadron as the core technology platform to drive the tokenization of institutional-grade real estate assets in Saudi Arabia.Under the terms of the agreement, First Data will act as the issuer of tokenized real estate assets and manage primary market operations; Hadron will provide asset issuance, management, and full lifecycle infrastructure; BKN301 will handle banking system integration, payments, compliance, and operational integration. Tether stated that this project aligns with Saudi Arabia's "Vision 2030," and future business is expected to expand into other real-world asset (RWA) sectors such as energy and infrastructure.