Goldilocks’ Comments and Global Economic News Wednesday Evening 12-6-23
Good Evening
Societe Generale announced Monday that it issued its first green bond on the Ethereum blockchain.
The transaction — which took place in late November — amounts to 10 million euros, or roughly $10.8 million, and has a maturity of three years. The tokenized bonds, France’s third largest bank wrote, will ensure “increased transparency and traceability as well as improved fluidity and speed in transactions and settlements.”
According to a press release (https://www.societegenerale.com/en/news/press-release/first-inaugural-digital-green-bond-public-blockchain), SocGen aims to enable more transparency on ESG by using the blockchain as a “data repository and certification tool for issuers and investors.”
The smart contract of the bond includes carbon footprint information, and is available for anyone to access.
Societe Generale-FORGE, the bank’s crypto team, released a report focused on the lifecycle of security tokens back in November.
https://www.blockworks.co/news/green-bond-ethereum-issued
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“A total of 10 financial sectors in the U.S. will be affected if BRICS uses local currencies and not the U.S. dollar. The sectors include banking, trade, forex, and tourism, among others.
Global Financial System
Banking and Finance
Energy and Commodity Markets
International Trade and Investment
Capital Markets
Consumer Goods and Retail
Production and Consumption
Technology and Fintech
Government and Policy
Travel and Tourism
All the 10 sectors are closely linked to the U.S. economy and could have complications if the dollar loses demand. The banking sector could take the first hit that might eventually spill over to the markets.
Once the financial markets are hit, the domino effect could roll over to all sectors leading to a financial catastrophe. In conclusion, if the U.S. fails to fund its deficit, prices of all commodities could skyrocket or even reach hyperinflation.”
https://watcher.guru/news/10-u-s-sectors-to-be-affected-if-brics-stops-using-the-dollar
https://watcher.guru/news/brics-155-countries-sign-belt-and-road-initiative-with-china-trade
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“(Bloomberg) — US Bank is issuing $2.5 billion of credit-linked notes tied to a pool of auto loans.
It’s the first time US Bank has sold this type of securitization, according to a preliminary ratings report by Moody’s Investors Service. The notes effectively allow the issuer to transfer credit risk tied to the underlying loans over to investors.
Credit-linked notes have grown in popularity recently as new capital rules set to be imposed as part of forthcoming Basel III regulations prompt banks to look for ways to optimize their balance sheets. As part of the deal, US Bank, which finances vehicle purchases across the country through a network of dealerships, is transferring the credit risk on a pool of more than 97,000 auto loans while still keeping them on its balance sheet. The debut deal is selling approximately $289 million of bonds to investors.”
https://finance.yahoo.com/news/us-bank-plans-issue-2-195744506.html
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At the IBM Quantum Summit Monday in New York, IBM launched IBM Quantum Heron, a 133-qubit processor that it said offers up to a five-fold improvement in error reduction over its predecessor.
The new processor powers IBM Quantum System Two, which was also unveiled at the event. The company’s first modular quantum computer, IBM said it is the cornerstone of IBM’s quantum-centric supercomputing architecture. The first unit, powered by three IBM Heron processors, is in operation at IBM’s Yorktown Heights, N.Y. facility.
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London, New York, Singapore, Dec. 05, 2023 (GLOBE NEWSWIRE) — Planixs, the leading provider of real-time, intraday cash, collateral and liquidity management solutions, has today announced the launch of Realiti® Insights. The new offering is the first to provide easily accessible and actionable data and analytics, delivering unparalleled risk, revenue, regulatory and business resiliency insights. It also acts as an early warning system for financial institutions, as well as a platform to identify potential new revenue streams.
Insights will enable banks, buy-side firms, and intermediaries to focus on delivering enhanced value opportunities by liberating true value from historically disparate and undervalued data sources. An intuitive UI will enable senior stakeholders, as well as wider teams, to interrogate and derive real-time insights from data that has typically resided in silos within the organisation, where its existence is often disregarded or its cumulative power left unharnessed.
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The U.S. Treasury Department is asking Congress to give it more authority to go after illicit actors in the digital asset industry, a top official said on Wednesday.
The Treasury Department sent recommendations to lawmakers, including one for new sanctions tools, according to prepared remarks from Deputy Treasury Secretary Wally Adeyemo ahead of the Blockchain Association’s Policy Summit.
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Singapore Exchange (SGX Group) is pleased to announce the concurrent listing of two new exchange traded funds (ETF) with combined assets under management (AUM) of S$56 million. This is the first pair of ETFs launched under the product link between SGX Group and Shanghai Stock Exchange, a landmark initiative established this year to promote stock market connectivity between Singapore and China.
https://www.marketsmedia.com/first-etfs-list-under-link-between-sgx-shanghai-exchange/
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ETFs or “exchange-traded funds” are exactly as the name implies: funds that trade on exchanges, generally tracking a specific index. When you invest in an ETF, you get a bundle of assets you can buy and sell during market hours—potentially lowering your risk and exposure, while helping to diversify your portfolio.
Schwab Link What is an ETF (Exchange-Traded Fund)? – Charles Schwab
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Because there are so many variables, the number of stocks held by an ETF can range from less than 25 to over 7,000.
Schwab Link Types of ETFs: Choosing ETFs for Your Portfolio | Charles Schwab
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The Global Market focus is turning towards ETFs and digitizing many assets along the way wrapped into these ETFs with Real-World assets and Real World prices.
An ETF allows you to hold many assets inside one offering. Newly tokenized assets can easily be attached to an ETF.
This will transform our markets into a digital based economy synchronizing our Banking Systems with our Market Financial sectors, as well as, digital bills of lading that record and synchronize efforts in our shipping ports creating exchange rate prices on goods and services coming and going from country to country.
We will see many changes and transformations in January 2024.
Get ready. This month will begin the process of integration into our new economy.
These Market shifts will determine new prices across all Market sectors going forward. Look for a great deal of volatility in January and the months following as these new tokenized assets find new price patterns and equilibrium within a new Financial system.
© Goldilocks
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Protocol 20 will allow developers to come in and interface their digital networks into the overall Quantum Financial system.
Once protocol 20 is approved on January the 30th 2024, we will see many changes begin to take place in the Market, Banking, and Shipping Industry.
The digitization of these three entities will begin the process of creating real values on a Global scale.
© Goldilocks
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🚨STELLAR XLM🚨NEXT RUN $5+🚨XLM IS ABOUT TO WAKE UP🚨WHY I’M BULLISH
https://youtu.be/edUHVHJ1SUs?feature=shared
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👆 Please watch and listen to this video. We have been talking about this for weeks, and he puts it into a very concise format.
He’s talking about the transition into the Soroban network, Protocol 20, and how it will affect our new economy.
@ Goldilocks
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BRICS Will Have Biggest Impact on Your Money Within 3 Years, More Than Any Other Event in History
https://youtu.be/YVqk3Clh6BY?feature=shared
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Container Shipping Rates Drop 90% Since Early 2022
👆 Goldilocks pointed to this article
