Latest news with #Corda
Yahoo
23-05-2025
- Business
- Yahoo
Major TradFi Institutions to Pursue Tokenization Efforts on Solana
A number of large banks and other traditional financial (TradFi) institutions are set to use the Solana blockchain for their tokenization efforts. R3, a U.K. developer of blockchain technology for financial institutions, is teaming up with the Solana Foundation to bring the former's clients and their tokenized real-world assets to Solana. Through its blockchain platform, Corda, R3 holds over $10 billion in assets and counts the likes of HSBC, Bank of America, Bank of Italy and the Monetary Authority of Singapore among its participants. Tokenization, the term for minting real-world assets such as stocks and bonds as digital tokens that can be traded on decentralized networks, is one of the principal use cases of blockchain technology attracting the attention and investment of the TradFi world. A recent report by Boston Consulting Group and crypto payments company Ripple said the tokenization market could reach $18.9 trillion by 2033. R3's aim is to supercharge the scale and liquidity of the tokenized asset ecosystem by making the assets available on a public blockchain like Solana. The total value of assets held on Solana may be dwarfed by Ethereum, but it processes more transactions and has more active addresses. "As the world's most used public blockchain, Solana ... [is] the ideal foundation for the next generation of regulated digital finance," R3 said in an announcement on Thursday.
Sinar Daily
18-05-2025
- Business
- Sinar Daily
PropertyGuru survey reveals 77 per cent of Malaysians consider climate risks when buying homes
83 per cent of Malaysians are willing to pay a premium for a home with sustainable features, prioritising benefits such as reduced utility costs, improved climate resilience and long-term value retention. 18 May 2025 09:00am Areas like Kota Emerald, Rawang, Selangor; Kuah, Langkawi, Kedah; and Ulu Kelang have recorded more than 100 per cent year-on-year search growth, driven by affordability and value. - Bernama file photo KUALA LUMPUR - Data from PropertyGuru's 2024 survey revealed that 77 per cent of Malaysians consider climate risks when purchasing a home. PropertyGuru Group head of sustainability Cecile Corda said the company views community safety and well-being as increasingly at risk due to the rising frequency of extreme weather events, which significantly affect properties. "That is why we have embedded climate risk analytics into our platform,' she said at a media briefing here recently. As part of the Malaysia survey, Corda said PropertyGuru provides historical disaster data, such as records of past floods and landslides, to help guide informed decision-making among homebuyers. "We are also partnering with an intensive climate risk provider to deliver advanced modelling and climate risk assessment,' she added. PropertyGuru released its 'Sustainability Report 2024' from a survey conducted in the second half of 2024, with responses from 1,181 Malaysians. With nearly 63 per cent of the total population of Southeast Asia expected to live in urban areas by 2050, the report outlines how PropertyGuru is leveraging data, digital tools, and strategic partnerships to drive positive impact across the housing ecosystem. According to the survey, 83 per cent of Malaysians are willing to pay a premium for a home with sustainable features, prioritising benefits such as reduced utility costs, improved climate resilience and long-term value retention. With 32 million monthly visits from property seekers and 50,000 active real estate agents across the region, PropertyGuru delivers new platform innovations and data-driven insights that directly address pressing challenges of the property market. Meanwhile, PropertyGuru Malaysia country manager Kenneth Soh said areas like Kota Emerald, Rawang, Selangor; Kuah, Langkawi, Kedah; and Ulu Kelang have recorded more than 100 per cent year-on-year search growth, driven by affordability and value. "Our data shows a clear shift in where Malaysians are searching for homes. This reflects a growing concern among buyers, especially those aged 25 to 34, 60 per cent of whom believe prices will continue to rise. "To meet this demand, the industry must not only keep affordability in focus but also rethink how sustainable features can be integrated into mid-market and rental segments,' he added. Moreover, Soh emphasised that the future of housing in Malaysia hinges on how quickly policymakers and developers can make sustainable living a realistic option for the majority, not just a premium few. "PropertyGuru remains dedicated to playing its part by equipping home seekers and industry stakeholders with actionable insights, promoting inclusivity in housing, and supporting initiatives that help make sustainable living more accessible to all,' he added. - BERNAMA More Like This
