DWF Labs has partnered with the University of California, Los Angeles (UCLA) on a new educational initiative which is focused on tokenized securities.
Here are the latest updates from the crypto world.
DWF Labs has partnered with the University of California, Los Angeles (UCLA) on a new educational initiative which is focused on tokenized securities.
The Web3 investor and crypto market maker will be featured in a case study in the upcoming book, The STO Financial Revolution, the latest blockchain educational initiative spearheaded by UCLA faculty member and author Alex Nascimento.
According to Andrei Grachev, managing partner of DWF Labs, through these initiatives, DWF aims to advance institutional understanding of tokenization and security token offerings (STOs).
Grachev wrote in an announcement shared with Cointelegraph:
“We are excited to share our experience and help shape the industry’s future by influencing how institutions understand and engage with digital assets and STOs.”
Tokenized securities are financial tools created on the blockchain ledger to enhance accessibility, forming a part of the broader real-world asset (RWA) tokenization sector, which is regarded as the next major opportunity in the blockchain field.
Several of the globe's biggest financial entities and business advisory companies predict that the RWA sector could expand over 50 times by 2030, possibly surpassing $30 trillion.
Adding to a growing number of crypto hacks in 2024, the DeltaPrime protocol was exploited for $4.8 million worth of digital assets. This may surpass the value stolen in 2023.
A decentralized finance (DeFi) liquidity protocol, DeltaPrime, was exploited for $4.8 million worth of Arbitrum ARB$0.6355 and Avalanche AVAX$32.10 tokens.
According to onchain intelligence firm PeckShield, the hack, still under investigation, began when the exploiter contributed liquidity to the protocol. This was informed in a Nov. 11 post on X, where PeckShield said:
“DeltaPrime has been exploited for ~$4.8M worth of crypto on both #ARB & #AVAX. The exploiter has added liquidity (~$1.3M) to LFJ (formerly Trader Joe) & farmed $USDC on Stargate.”
In response, the DeltaPrime team announced on Nov. 11 that it had paused the protocol on both the Arbitrum and Avalanche blockchains.
Stand With Crypto, the coinbase-backed crypto advocacy group has expanded to Australia as part of a broader move to push for regulatory clarity and crypto-friendly policy in the country.
The vice president of international policy at Coinbase, Tom Duff Gordon, said the overarching goal of the new offshoot of Stand With Crypto is to bring political attention to the myriad use cases of blockchain and encourage “sensible” legislation for crypto firms operating in Australia.
“We want to change the narrative from crypto just being related to fraud and scams. We want to show people the good use cases, and I think if we have that from a bottom-up grassroots movement as well as top-down advocacy, I think we can raise the profile crypto in Australia,” Duff Gordon said.