21 Oaks Capital
Monthly Review

21 Oaks Newsletter — April 2024

1 May 2024·2 min read

BREAKING

  • The BIS Innovation Hub Switzerland is working with seven central banks and numerous global commercial banks to launch a shared infrastructure for tokenized bank deposits and CBDCs (Central Bank Digital Currencies) under a project named Agorá.

MORE

  • Vienna-based crypto exchange Bitpanda announces a partnership with LBBW to enable crypto trading and custody for its clients.
  • BlackRock's digital BUIDL fund raises $245 million from seven investors within one week.
  • Bundesbank announces a collaboration with MIT Media Lab to research central bank digital currency (CBDC).
  • DWS launches its own crypto ETCs for Bitcoin and Ether on Deutsche Börse.
  • The ECB will begin its "blockchain research" for settling wholesale transactions in central bank money (CBDC) in May, with participants including Deka Bank, Deutsche Bank, DZ Bank, LBBW, Bankhaus Metzler, J.P. Morgan, BNP Paribas, Eurex and Clearstream.
  • Venezuela accelerates its shift to cryptocurrencies to counter the return of oil sanctions.
  • Crypto VC funding rose 255% quarter over quarter in the first quarter to $2.8 billion, its highest level since Q2 2022.
  • Consensys sues the SEC over "Unlawful Seizure Of Authority" regarding Ethereum.
  • Hong Kong approves its first Bitcoin and Ether spot ETFs.
  • The SEC is demanding two billion US dollars from Ripple Labs over alleged securities law violations in the sales process for its XRP token.
  • Stablecoins continue to attract interest: Ripple plans to launch a USD-backed stablecoin.

SPEAKERS’ CORNER

  • Public interest in cryptocurrencies and digital assets has increased sharply of late.
  • Since the launch of the Bitcoin spot ETFs in the US, German banks and asset managers have been appointing new digital asset executives almost weekly.
  • Pension funds and other professional investors are also increasingly seeking dialogue with us.
  • New products related to blockchain technology are set to come to market shortly — we too are currently working on a product for retail investors, which will likely launch at the end of H1 2023.
  • Our focus is on altcoins, particularly the tokenization of real-world assets (RWAs). In April, we adjusted our portfolio accordingly and invested in a protocol in this category.

Translated from the German original, which is the authoritative version. Read the German version