BTC $63,053.56 +0.05%
ETH $1,881.73 -0.07%
BNB $605.96 -0.61%
XRP $1.00 -0.32%
SOL $75.54 +0.01%
TRX $0.3309 -0.55%
DOGE $0.0698 -0.82%
ADA $0.1768 -1.99%
BCH $203.19 -1.23%
LINK $9.44 -1.69%
HYPE $57.04 +0.75%
AAVE $86.37 -0.28%
SUI $0.6763 -1.35%
XLM $0.1569 -1.36%
ZEC $486.42 -1.62%
BTC $63,053.56 +0.05%
ETH $1,881.73 -0.07%
BNB $605.96 -0.61%
XRP $1.00 -0.32%
SOL $75.54 +0.01%
TRX $0.3309 -0.55%
DOGE $0.0698 -0.82%
ADA $0.1768 -1.99%
BCH $203.19 -1.23%
LINK $9.44 -1.69%
HYPE $57.04 +0.75%
AAVE $86.37 -0.28%
SUI $0.6763 -1.35%
XLM $0.1569 -1.36%
ZEC $486.42 -1.62%

fix

All
Article
Flash

The fluctuations in the South Korean stock market have triggered a "reverse capital migration": over 24 trillion won has flowed into the fixed deposits of the five major banks

According to Daum, the South Korean stock market has recently experienced increased volatility, with investors' risk appetite significantly cooling, and funds are flowing back from the stock market to safer assets such as banks. Due to adjustments in the semiconductor sector and stricter regulations on leveraged investments, the funds waiting to be invested in the South Korean stock market are rapidly withdrawing, leading to a phenomenon of "reverse capital migration."Data shows that by the end of July, the balance of time deposits at the five major banks in South Korea (KB Kookmin, Shinhan, Hana, Woori, NH Nonghyup) reached 973.49 trillion won, an increase of 24.09 trillion won compared to the end of the previous month, marking the largest monthly increase this year.There has also been a noticeable contraction in funds around the stock market. Data from the Korea Financial Investment Association shows that the deposits in investors' securities accounts (funds waiting to be invested in stock trading) reached a historical high of 139.69 trillion won on June 4, but had fallen to 107.20 trillion won by July 28, a decrease of over 32 trillion won in less than two months. The balance of credit trading financing, which represents the scale of market financing transactions, also dropped to 33.19 trillion won during the same period, down approximately 4.5 trillion won from the peak of 37.72 trillion won recorded on July 2, a decrease of about 12%.

Asset management company Baillie Gifford, in collaboration with BNY, launched an on-chain fixed income tokenized fund, deploying on both ETH and Solana chains

According to CoinDesk, the long-established asset management company Baillie Gifford from Edinburgh, Scotland (founded over 118 years ago) announced on Monday in collaboration with global custodian giant BNY the launch of a tokenized fixed income fund—Baillie Gifford Enhanced Yield Fund (BAGEY), deployed simultaneously on the Ethereum and Solana public chains.The fund is denominated in US dollars and operates under an open-ended investment company (OEIC) structure within the UK regulatory framework, targeting qualified investors from the UK, Switzerland, and the Cayman Islands. It offers an actively managed short-duration corporate bond portfolio, with a current yield of approximately 7%.Unlike most tokenized products on the market, Baillie Gifford's Head of Digital Assets Theo Golden emphasized that BAGEY is not a traditional fund wrapped in a token shell, but rather a fund issued directly on-chain, with the blockchain itself serving as the rights registry, allowing investors to directly hold shares and enjoy direct recourse.BNY will provide tokenization and wallet infrastructure for the fund, with NatWest acting as the custodian. The Global Head of Investor Solutions at BNY stated that this issuance marks the transition of tokenization from concept to real application, as regulated fund structures evolve towards a more digital and interconnected market.
app_icon
ChainCatcher Building the Web3 world with innovations.