McKinsey Predicts Tokenized Assets Will Reach $2T Market Size By 2030

Hi NoRamp Community,

Daily News:

1) New AI Portfolio Management Tool Coming to PancakeSwap

2) Tokenized Assets to Reach $2T Market Size By 2030, McKinsey Predicts

3) Survey Finds Japan’s Investment Managers Plan to Invest in Crypto

4) A Web3 Recruiting Network Announces $10M Raise

5) Gynger Completes $20M Series A & Lands $100M Debt Facility

New AI Portfolio Management Tool Coming to PancakeSwap:

• PancakeSwap will introduce CupcakeHop, an AI-powered portfolio management tool developed by Bril Finance, in August.

• The tool automates investment strategies based on user-defined goals and real-time market conditions, featuring a risk engine for asset security.

• A user-friendly risk management slider will make DeFi more approachable, especially for newcomers, ensuring accurate reporting of investments.

McKinsey Says Tokenized Assets Will Reach $2T Market Size By 2030:

• McKinsey & Company predicts tokenized financial assets could reach $2 trillion by 2030, with a potential doubling to $4 trillion.

• Initial adoption has been slow, but significant growth is expected in asset classes like cash, bonds, and ETFs, projecting $100 billion in tokenized market cap by 2030.

• Challenges such as liquidity and market share must be addressed, with increased mobility, faster settlement, and enhanced liquidity as key drivers for broader adoption.

  

  Source: The Block

Survey Finds Japan’s Investment Managers Plan to Invest in Crypto:

• Nomura Holdings' survey found over half of Japanese investment managers plan to invest in crypto assets within the next three years.

• 54% of respondents intend to invest in crypto for portfolio diversification and inflation hedging, following Japan's cabinet approval to add crypto to investment partnerships.

• The primary drivers for future investment include the development of ETFs, investment trusts, and staking products.

A Web3 Recruiting Network Announces $10M Raise:

• Web3 recruiting network Bondex raised $10 million with participation from Animoca Brands, Morningstar, and Chainlink.

• Bondex offers token or USD bounties for successful hires, aiming to shift incentives from middlemen to users and integrate with Web3 and Web2 ecosystems.

• The funds will enhance the platform, competing against legacy recruitment platforms, and support hiring for companies like Binance and Blockchain.com.

Gynger Completes $20M Series A & Lands $100M Debt Facility:

• Gynger secured $20 million in a Series A round led by PayPal Ventures and a $100 million debt facility from CIM.

• The funds will expand Gynger’s workforce and transition it into a full-scale payments solution for tech buyers and sellers.

• Founded in 2021, Gynger enables merchants to manage technology expenses from one dashboard, joining a series of fintechs completing Series A rounds recently.

NoRamp:

NoRamp is building Web2’s favorite Web3 apps on our lightning-fast payment infra. Join our discord, dive into our our docs, or check out our website to learn more.