BNY and Securitize Partner to Bring Wall Street Credit Onchain
BNY and Securitize Partnership: BNY has teamed up with Securitize to develop a platform for tokenizing AAA-rated collateralized loan obligations (CLOs), allowing qualified investors to access these traditionally institutional assets while BNY acts as custodian.
Impact of Tokenization on Credit Markets: The initiative aims to modernize credit markets by digitizing CLOs, which could reduce costs, shorten settlement times, and increase access to high-grade credit products, marking a significant shift in structured finance.
Growing Trend of Tokenized Assets: The total value of tokenized real-world assets has surpassed $35 billion, with recent examples including Ondo Finance's U.S. Treasury fund and Centrifuge's tokenization of the S&P 500, indicating a rapid expansion of blockchain in finance.
Securitize's Strategic Goals: Securitize's CEO emphasizes that tokenized credit enhances accessibility and transparency in capital markets, while the company prepares to go public, highlighting the growing importance of blockchain in traditional finance.
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Technical Analysis for MMT
Technical Sentiment Analysis for Momentum (MMT) As of , Momentum (MMT) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MMT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, MMT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Momentum (MMT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0205 | 0.0665 | 0.11 | 0.156 | 0.199 | 0.245 | 0.288 |
| Fibonacci | 0.0665 | 0.101 | 0.122 | 0.156 | 0.19 | 0.211 | 0.245 |
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