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The Monetary Authority of Singapore (MAS) is advancing asset tokenization through Project Guardian, partnering with 17 financial institutions to test five new applications. These include digital asset trading improvements (Citi, T. Rowe Price, Fidelity International), cross-border FX payment solutions (BNY Mellon, OCBC), and a treasury management system (Ant Group). MAS is also developing the Global Layer One (GL1) initiative with BNY Mellon, DBS, JP Morgan, and Mitsubishi UFJ Financial to support tokenized assets trading. The IMF is involved in providing policy insights, and a whitepaper on the Interlinked Network Model (INM) has been released.

Portfolio Pulse from Murtuza Merchant

November 15, 2023 | 3:43 pm

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At the Benzinga Future Of Digital Assets event, experts discussed the potential of Web3 and NFTs going mainstream. Rarible's Alex Salnikov introduced RaribleX, likened to Shopify for NFTs, and highlighted partnerships with brands like Mattel. American Express's Charlie O'Neill emphasized the interest from Gen Z and millennials, and AmEx's role in facilitating brand interactions through tokenization. Notable partnerships include AmEx with Metalwood at the U.S. Open Golf and Disney's launch of an NFT marketplace with Dapper. The sentiment is that despite a recent downturn, the NFT market could see a peak in the next 2-3 years.

Portfolio Pulse from Surbhi Jain

November 15, 2023 | 3:43 pm

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Brendan Berry of Ripple expressed excitement about the tokenization revolution at Benzinga’s Future Of Digital Assets event. He cited data predicting $10 trillion in tokenized assets by 2030 and discussed the benefits of blockchain technology in tokenization. The panel included representatives from Tron Network, Truist Ventures, and Milo. Berry referenced HSBC's partnership with Medeco for tokenized securities and gold as an example of major financial institutions adopting tokenization. Roland Berger analysts forecast a market worth $10 trillion for asset tokenization by 2030, a significant increase from the current $300 billion.

Portfolio Pulse from Tanzeel Akhtar

November 15, 2023 | 3:33 pm

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GSAT

Apple has announced the extension of its Emergency SOS via satellite service for an additional free year for existing iPhone 14 users. The service, which allows users to text emergency services outside of cellular and Wi-Fi coverage, has been credited with saving lives. It is now available on iPhone 15 in 16 countries. Apple also introduced Roadside Assistance via satellite and other safety features like Crash Detection and Medical ID.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 3:19 pm

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PODC

PodcastOne, a subsidiary of LiveOne, has acquired exclusive rights to the 'Lost In Panama' podcast, including IP for potential TV/film adaptations. The acquisition, paid in stock, is expected to be immediately accretive to revenues and EBITDA. 'Lost In Panama' was a top true crime podcast in 2022, with over 2 million downloads. PodcastOne plans to continue expanding its library and has added 19 new shows this year.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 3:16 pm

SIRI

Shares of Sirius XM Holdings Inc (NASDAQ:SIRI) surged after Berkshire Hathaway reported purchasing 9.68 million shares in the third quarter. The stock's rise also follows SiriusXM's announcement of new features for its streaming app, set to launch on Dec. 14, which aims to enhance user experience with improved search capabilities and content discovery.

Portfolio Pulse from Adam Eckert

November 15, 2023 | 3:07 pm

PSNY

Polestar Automotive Holding UK Ltd (NYSE:PSNY) shares rose after announcing the start of production for the Polestar 4 vehicle. The first unit has been produced at the Hangzhou Bay factory, which uses renewable electricity. The Polestar 4 is touted to have the lowest carbon footprint of any Polestar car at launch. CEO Thomas Ingenlath highlighted the vehicle's design, performance, and innovative features like a digital rear-view mirror. Additional manufacturing will begin in Busan, South Korea, in the second half of 2025 for local and North American markets. At the time of publication, PSNY shares were up 4.6% at $2.27.

Portfolio Pulse from Adam Eckert

November 15, 2023 | 3:04 pm

PSNY

Polestar has commenced production of the Polestar 4, leading to an increase in its stock price.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 3:04 pm

OMQS

OMNIQ Corp. (NASDAQ:OMQS) has received a repeat order for its AI-based Machine Vision solution to upgrade parking systems at four major airports managed by the Port Authority of New York and New Jersey (PANYNJ). The upgrade includes omniQ's latest AI neural network engine, aiming to improve traffic flow, revenue, and convenience for travelers. The project is in collaboration with DESIGNA, a leader in automated parking systems. OMNIQ's CEO expressed confidence in the technology and anticipates further orders from other airports.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 3:03 pm