Asseto collaborates with CMS to attend the BNB Chain Fifth Anniversary Celebration, jointly promoting the integration of TradFi and Web3
BlockBeats News, August 29th, Today at the BNB Chain fifth-anniversary celebration held in Hong Kong, BNB Chain founder CZ delivered a speech, emphasizing that user adoption, institutional trust, and compliance architecture will be the core of the blockchain's next-stage growth.
Of note, CMS Asset Management (HK) CEO Gary Zhou and Asseto Co-founder and CEO Bridget Li appeared on the same stage for the first time, discussing how institutional-grade financial products can enter the Web3 ecosystem through tokenization. This marks a significant milestone in the deep integration of traditional finance with the crypto-native world.
Asseto showcased its core product - CASH+, the first derivative token of an Asian asset management USD money market fund issued on the BNB Chain, with underlying assets managed by CMS and already accepted as eligible collateral by multiple DeFi protocols. The joint appearance of CMS and Asseto will be a key milestone for TradFi institutions partnering with Web3 infrastructure to drive RWA applications.
Bridget Li stated that Asseto will continue to act as a bridge connecting compliant finance with decentralized innovation, promoting the on-chain compliance, composability, and scalability of real-world assets.
You may also like

Make Probability an Asset: A Forward-Looking Perspective on Predictive Market Agents

Consumer application issues

Arthur Hayes: The flames of war in the Middle East rise, Bitcoin is bullish

Legendary investor Naval: In the AI era, traditional software engineers have no value?

More absurd than knowing about the war in advance is knowing in advance about the assassination of Soleimani

Key Market Insights on March 2nd, how much did you miss?

How to systematically track high-performing addresses on Polymarket?

From Stanford Lab to Silicon Valley Streets: How OpenMind is Solving the "Last Mile" Problem of the Machine Economy?

PlanX: Reconstructing On-Chain Execution with AI, Moving Towards a New Paradigm

US Judge Allows Binance Unregistered Token Lawsuit to Advance
Key Takeaways: A federal judge in Manhattan dismissed Binance’s petition to resolve a securities lawsuit through private arbitration,…

Crypto VC Paradigm Plans $1.5 Billion Expansion into AI and Robotics
Key Takeaways: Paradigm is setting up a new $1.5 billion fund to explore AI, robotics, and other emerging…

Ethereum Smart Accounts Set to Launch Within a Year, According to Vitalik Buterin
Key Takeaways: Ethereum’s “account abstraction” or smart accounts might be introduced in the coming year through the Hegota…

Bitcoin Recovers After Iran Conflict Shocks Market, Reverses $5K Fall in Just 24 Hours
Key Takeaways: Bitcoin dropped to approximately $63,000 amid tensions but rebounded to $68,200 within a day. Volatility led…

Former Mt. Gox CEO Suggests Hardfork to Retrieve $5.2 Billion in Bitcoin
Key Takeaways: Mark Karpelès, former CEO of Mt. Gox, proposes a Bitcoin network hard fork to access nearly…

South Korea National Tax Service’s Mistake Resulted in $4.8 Million Crypto Loss
Key Takeaways South Korea’s National Tax Service inadvertently exposed private keys, resulting in a $4.8 million crypto loss.…

Morgan Stanley Seeks National Trust Charter for Cryptocurrency Custody
Key Takeaways: Morgan Stanley has initiated a significant step toward digital asset management by applying for a national…

Solana Price Outlook: Major ETF Inflows Hint at Institutional Moves
Key Takeaways: Solana has experienced substantial ETF inflows, prompting speculation about institutional buy-in. On February 25, Solana recorded…

Bitcoin Price Prediction: Wikipedia Founder Warns BTC Could Plunge Below $10K — Should Investors Worry?
Key Takeaways Wikipedia co-founder Jimmy Wales warns Bitcoin might decline to below $10,000, prompting a bearish outlook. Wales…