Under the Monetary Authority of Singapore’s (MAS) Project Guardian, Swift, UBS Asset Management and blockchain oracle network Chainlink have completed a pilot for tokenized fund settlement. This initiative uses Swift’s global financial messaging network — encompassing over 11,500 institutions — to integrate tokenized fund processes with existing fiat payment systems.
Unlike other tokenization pilots, this project enables transactions without blockchain-only payment options, promoting digital finance through existing infrastructure.
The pilot aligns with recent statements from Chainlink co-founder Sergey Nazarov at the Swift-organized Sibos conference on Oct. 23, where he discussed the potential blockchain integration with Swift.
Mt. Gox moves $2.2B of Bitcoin, adding to BTC selling pressure
As the 10-year saga approaches a conclusion, Mt. Gox transferred billions of dollars worth of Bitcoin, partly to centralized exchanges, suggesting that more creditors may be repaid.
On Nov. 4, the wallet associated with the bankrupt cryptocurrency exchange transferred more than $2.19 billion worth of Bitcoin BTC
tickers down $73,914 to three new wallets.
According to onchain data by Spot on Chainn shared in a Nov. 5 X post, Part of the funds were also moved to centralized cryptocurrency exchanges (CEXs) OKX and B2C2.
“Over the last 4 days, Mt. Gox has transferred out a total of 32,871 $BTC ($2.22B). Among these tokens, 296 $BTC ($20.13M) was moved to #B2C2 and #OKX. Currently, there remain 12,006 $BTC ($810M) in #MtGox known wallets.
More than $9.4 billion worth of Bitcoin was owed to about 127,000 Mt. Gox creditors who have been waiting longer than 10 years to recover their funds, threatening significant sell pressure that could tank Bitcoin’s price.
OpenSea aims to see comeback with a new, improved platform
Amid prolonged NFT market doldrums, the non-fungible token (NFT) marketplace OpenSea will be upgraded in December with a new and improved platform.
In a post on X, OpenSea co-founder and CEO Devin Finzer said, “To really innovate, sometimes you have to take a step back and reimagine everything. So we built a new OpenSea from the ground up.”
He also added that the new platform will be launched in December, without providing further details. A link shared by OpenSea on X redirected to a waiting list page with a prompt to connect a crypto wallet.
