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Japanese Digital Securities Make Their Debut
Ichigo, a company based in Japan, is set to introduce the first-ever trade of tokenized securities on the Osaka Digital Exchange (ODX), with assets backed by real estate and valued at $20 million. Similarly, Kenedix, another company specializing in real estate, is planning to launch comparable initiatives. 
Central African Republic Dives Deeper into Tokenization
The Central African Republic (CAR) is expanding its Sango blockchain initiative to include the tokenization of land and natural resources. Recently, the CAR National Assembly passed a law, receiving unanimous approval, that facilitates online business visa applications and simplifies the process for both locals and foreigners to establish businesses in sectors like real estate, agriculture, and forestry. This move follows CAR's earlier efforts in the crypto space, including the launch of Project Sango in May 2022 and its brief adoption of Bitcoin as a national currency. 
Zac Prince Bids Farewell to the Crypto Industry
Zac Prince, the mind behind the crypto lending platform BlockFi, has decided to leave the crypto world behind to focus on the real estate sector, applying his vast expertise to more traditional business ventures. He, however, plans to return to the crypto space eventually with a new company designed to withstand market fluctuations better. 
Singaporean Authorities Investigate Vast Money Laundering Scheme
Singapore witnessed one of its largest crackdowns on money laundering last month. 400 police officers coordinated raids throughout the city-state, detaining 10 foreigners.
These individuals allegedly were "laundering the proceeds of their overseas organised crime activities, including scams and online gambling".
The seizures were significant, totaling $1.76 billion, with cryptocurrencies accounting for nearly $30 million.
The operation also led to the confiscation of 68 gold ingots, 110 real estate holdings, and 62 cars.
Sketches released provide a look at those under suspicion. Securitize Brings Tokenization to European Equity Market
Securitize, a digital asset trading platform, has started tokenizing equity in Spanish real estate investment trust, Mancipi Partners. The tokens will trade on the Avalanche blockchain from September.
This marks the first tokenized equity issuance under the European Union’s pilot scheme for distributed ledger technology, supervised by the European Securities Market Authority. Securitize will also undergo a six-month supervision period by Spain’s National Securities Market Commission (CNMV).
Securitize's CEO, Carlos Domingo, believes the move will significantly benefit European businesses, providing new avenues for capital raises and potential tax benefits. Real Estate for Cryptocurrency: Lawyers Express Doubt
Cryptocurrency and real estate are part of two separate asset classes, each possessing distinct investment characteristics. However, there are instances where we may wish to utilize cryptocurrency in the original manner envisioned by Satoshi Nakamoto — as a currency rather than merely a financial instrument. 
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