Demex Daily #298: Backed, Sonic, and Chainlink Partner with Fortlake to Tokenize Sigma Fund

What’s Interesting Today:

Backed, Sonic, and Chainlink have partnered with Fortlake to tokenize the Sigma Opportunities Fund, blending traditional finance with blockchain. Backed will create DeFi-ready tokens collateralized 1:1 by fund units, while Sonic’s high-speed blockchain will support the process. Chainlink will provide real-time data and ensure liquidity through its technologies. This tokenization opens new opportunities in decentralized finance and showcases the potential for blockchain to streamline financial asset management. The partnership marks a significant step towards the growing trend of asset tokenization, with projections of the market surpassing $16 trillion in the coming years.

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GraFun, a memecoin issuance platform, is expanding to the TON Network, after Ethereum and BNB Chain, to capture new audiences and increase visibility. This move aims to tap into higher liquidity and allow memecoin creation within Telegram, one of the world's most popular messaging apps. GraFun has already launched 14k memecoins and generated over $450M in trading volume on BNB Chain. The platform's "Fair Curve" model reduces rug-pull risks and manipulation, ensuring fairer token issuances. GraFun's expansion is backed by entities like Floki and DWF Labs.

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