Asia Morning Briefing: Tokenized Assets Will Eclipse DeFi, Chronicle Founder Niklas Kunkel Says
Main Idea
Tokenized assets are predicted to surpass DeFi as the next major growth engine in the crypto sector, with oracles playing a key role in real-time risk management, according to Chronicle founder Niklas Kunkel.
Key Points
1. Chronicle has been named the exclusive partner to Grove Protocol, an institutional-grade credit platform with a $1 billion tokenized collateralized loan allocation.
2. Niklas Kunkel sees tokenized assets as a "multi-trillion dollar liquidity injection opportunity" for DeFi, moving beyond BTC and ETH.
3. BTC is trading at $119K, up 2% in the last 24 hours, with a bullish S&P 500 outlook potentially boosting its price further.
4. ETH is trading above $4200, with forced closures of ETH shorts contributing to its price movement.
5. Gold is holding near record highs due to weaker U.S. economic data, trade tensions, and a dovish Fed outlook.
Description
Good Morning, Asia. Here's what's making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas. Chronicle, the oracle infrastructure provider powering secure, scalable onchain financial data, has been named the exclusive partner to Grove Protocol, an institutional-grade credit platform with a $1 billion tokenized asset all...
Latest News
- Crypto Hackers Capitalize on ETH Surge, Offloading $72M This Week2025-08-15 14:28:24
- Hyperbeat Secures $5.2M Backing From ether.Fi, Electric Capital2025-08-15 13:40:10
- BONK Holds Key Support After Heavy Selling Hits Solana Meme Token2025-08-15 13:35:33
- CoinDesk 20 Performance Update: Avalanche (AVAX) Gains 3.4% as Index Trades Higher2025-08-15 13:32:14
- Circle to Offer 10 Million Class A Shares at $130 Each2025-08-15 10:00:47