Demex Daily #8: $XRP Ripple Collaborates with Elon Musk's SpaceX Partner on XRP Donation Initiative

What’s Interesting Today:

Seven prominent DeFi enterprises have come together to establish the Tokenized Asset Coalition (TAC). The group's mission is to advance the use of public blockchains, the tokenization of assets, and DeFi on an institutional level. As part of its efforts, TAC will hold meetings among members, publish a quarterly report, and set up specialized teams to address existing inefficiencies in the financial sector. Concurrently, Polygon Labs and South Korea-based Mirae Asset Securities have created the Mirae Asset Security Token Working Group. This consortium aims to study global best practices in the area of tokenized securities and integrate these findings into the South Korean financial landscape, facilitating compatibility with international financial systems.

Ripple, the company behind the crypto token XRP, has partnered with Jared Isaacman, Elon Musk's associate at SpaceX, for a crypto donations project. The initiative supports the Maui Emergency Response Fund and uses The Giving Block platform for contributions. Ripple and Isaacman have committed to 200% matching of crypto donations up to $50,000. While the collaboration does not necessarily indicate a deeper partnership between Isaacman and Ripple, it adds another layer of interest to the crypto landscape.