Cogito Finance expands TVL to ≈500k

This month Cogito Finance welcomed a new investor, expanding its TVL to just shy of half a million dollars, marking once more the interest of overseas investors in US Treasury Bills.

As CEO Cloris Chen mentioned in the SingularityNET Ecosystem All-Hands Space of this month, more than 100 KYCs have also been recorded and >10 investors in the pipeline, ready to be onboarded, showing how the momentum of TFUND is going strong.

V2 allows Cogito to accept any token

During the month of July, V2 of TFUND was officially launched, bringing an exciting new update: now investors can choose more than just USDC when interacting with the suite of products.

The new setup broadens the range of crypto assets accepted to any, making it even easier to subscribe to TFUND.

ETHCC Brussels made a splash

Crypto conferences this year seem to be cursed: at least one heavy storm hits during them, leaving people stranded and soaked. So we offered the following solution:

Our Quant Analyst, Nejc Znidar, headlined a panel at Stable Summit during ETHCC Week with other great minds to talk about the impact economy:

Partnerships

Educational article with Defactor on how to tokenize an asset

Striking strong relations is of utmost importance to Cogito, who carefully selects its partners to scale and push RWA adoption.

To do so, it’s important for investors to understand how real world assets are brought onchain.

For this reason, a joint educational article was published on How to Tokenize an Asset.

Plena listing and airdrop winners announced

As announced last month, CGV is officially listed on our partner Plena!

To celebrate, we organised an airdrop. Winners were announced in the early weeks of July.

Congratulations once more! 🥳

In the press

• CEO Cloris Chen was published on CCN with the article ‘Will ETFs Be Overtaken by Tokenization?’

Spaces & podcasts

In the month of July, Cogito took part in the following X Spaces 🎙️💬 

• CEO Cloris Chen appeared in Future, Tech, and Foresight podcast episode n°150, titled ‘Tokenization, AI, and the New Era of Finance’

• Quant Analyst Nejc Znidar joined partner IXSwap in ‘Leading the Way in RWA Innovation: The Latest Developments and Insights’ 

• He also appeared in AdLunam’s podcast ‘Unlocking Liquidity: The Future of Tokenized Assets’

• Comms & Partnerships Lead Sandra Grabowiec was a guest speaker on partner Web3M’s ‘RWA Vault #1: Tokenizing the Future’

• Web3M also hosted ‘RWA Tokenization: Understanding the Potential’ earlier in the month, with our Head of BD, Kenneth Ng, as a representative of Cogito

Market updates

ETH ETFs hit $1B volume

ETH ETFs were officially approved after much anticipation, and they hit the $1B mark on the first day, with a repeat on the second day!

This underlines the increasing interest and wider adoption of crypto.

Bank of England recognises tokenization as key innovation initiative

In a discussion paper, the bank emphasized that tokenization technology should play as pivotal a role in conventional payments as it does in crypto and digital asset transfers. The Bank of England specifically pointed out how tokenization—where a physical asset is digitized and transmitted on the blockchain—accelerates payment integration in an increasingly digital landscape.

Goldman Sachs announces 3 tokenization projects by EoY

More and more TradFi giants are jumping on the blockchain bandwagon, working on offering their own suite of products onchain.

We witness yet again how the RWA sector brings big TradFi players into Web3, spurring the evolution of the financial sector through the growing interest in digital assets.

Thank you for reading! We look forward to keeping you abreast of the latest news in next month’s edition as well 🙌