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Real estate platform StegX to tokenize $100m of RWA on Hedera

by admin May 29, 2025

Hedera’s traction in the real-world assets market is set for a major boost, thanks to $100 million worth of real-world assets coming on-chain via institutional real estate platform StegX.

The Hedera Foundation, which supports the development of the Hedera (HBAR) blockchain network, revealed the huge news on May 29, 2025, noting in a blog post that its partnership with StegX will see the real estate platform deploy more than $100 million in real estate tokens on Hedera.

The partnership also involves Zoniqx, a Silicon Valley-based firm focused on bridging real-world assets to the decentralized finance ecosystem via compliant and interoperable blockchain infrastructure. Zoniqx’s Dynamic Compliant Interoperable Security Token, or DyCIST, is the standard for ERC-7518 aimed at institutional tokenization.

Zoniqx’s standard allows for the embedding of jurisdiction-aware compliance at the token layer, as well as the automation of know-your-customer and anti-money-laundering enforcement. KYC and AML are key compliance requirements that have slowed institutional entry into the tokenized real-world asset market.

StegX’s deployment of the tokens will leverage the security token standard ERC-7518, with this allowing the platform to tokenize regulated assets. Hedera Foundation said the platform’s move is one that “shifts tokenization from theory to execution.”

“By integrating the ERC-7518 token standard on the Hedera network, the StegX marketplace is not only pioneering a new era of asset tokenization but also ensuring that every transaction is executed according to the regulations of the issuers,” said Daniel Radwansky, chief executive officer and co-founder of StegX. “Our partnership with Zoniqx fortifies this vision, providing a fully digital and compliant pathway for institutional investors to access premium tokenized real-world assets,” Radwansky added.

The Hedera Foundation’s collaboration with StegX and Zoniqx comes just a day after Verra, a global carbon standard leader with over 1 billion carbon credits issued, integrated with Hedera. Verra accounts for over 60% of the global carbon credits market.

The HBAR Foundation also recently partnered with asset tokenization platform Tokeny as it looks to bring compliant real-world asset tokenization to the Hedera network. In February, the HBAR Foundation invested in Fidelity International’s money market fund, with the shares tokenized by Archax.

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May 29, 2025 0 comments

Esports

Borderlands 4 boss backtracks after saying “real fans” should pay $80 for games

by admin May 29, 2025

Gearbox boss Randy Pitchford has issued a lengthy apology after saying that “real fans” will find a way to buy Borderlands 4, even if it costs $80.

Borderlands 4 is due to arrive later this year on all platforms, including console, PC, and Nintendo Switch. However, it doesn’t currently have an official price, sparking concerns among fans that it could jump up to $80, given that both Microsoft and Nintendo have indicated that they’re going up the cost of their games.

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Randy Pitchford previously admitted that the long-awaited Borderlands sequel might be $80, but it’s ultimately not his decision. However, the Gearbox CEO came under fire when he suggested that die-hard fans of the series will “find a way to make it happen,” even if the price increases.

Now, he’s apologized for his comments, insisting that his response was a “misunderstanding.”

Randy Pitchford apologizes after Borderlands 4 price comments

On May 28, Pitchford received a comment on X calling him out for his previous post, to which he responded: “I am sorry there was a misunderstanding.”

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“The absolute sincere truth is that I don’t want anyone to pay any more than they should or are comfortable with and I always work with the intent and hope that a customer always feels they got the better end of the deal no matter what they pay.”

I am sorry there was a misunderstanding. The absolute sincere truth is that I don’t want anyone to pay any more than they should or are comfortable with and I always work with the intent and hope that a customer always feels they got the better end of the deal no matter what they…

— Randy Pitchford (@DuvalMagic) May 28, 2025

He went on to clarify that his words were supposed to reassure players that Borderlands has a large of community of dedicated fans, so the sequel will still sell even if it does go up to $80. However, he admitted that his use of the phrase “real fans” may have sent the wrong message.

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“I think my trying to short hand that using the phrase ‘real fans’ triggered some people and I saw that it got inflated as if I was making some big statement (I wasn’t – I was just trying to help someone who I thought was sincerely worried about us and looking out for us),” he continued.

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“I could see that it was being pressed into the idea that I was taking the audience for granted (which is a super sh**ty look, but it was not at all my intent and does not reflect at all how I feel).”

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Later in the post, Pitchford mentioned that if it were up to him, then the cost of games wouldn’t go up, as he wants as many people to experience his games as possible:

“As an artist, I don’t want prices to go up because I want everyone to have access to what we create. I get that business is a thing and that the market and economy are driving prices up and sooner or later we’re going to have to all adapt to that so that the creative engine can make at least as much as it spends to provide us with amazing content.”

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Borderlands 4 is scheduled to release on September 12, 2025, after being moved forward from its initial September 23 date.

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May 29, 2025 0 comments

NFT Gaming

Dubai Land Department Unveils Real Estate Tokenization Platform

by admin May 26, 2025

The Dubai Land Department (DLD), a government agency for the real estate industry, has launched its first tokenized real estate platform as part of a government-backed effort that could see $16 billion worth of real estate digitized by 2033.

The platform, called Prypco Mint and developed in partnership with real estate fintech firm Prypco, allows investors to purchase fractional ownership in Dubai properties using local currency starting at 2,000 dirhams, or about $540, according to a Sunday press release by the agency.

In the initial phase, the platform only supports dirham transactions and is available to United Arab Emirates ID cardholders, but the agency said it plans to expand access globally in the near future and integrate more platforms later. Zand Digital Bank is serving as the banking partner, while regulatory oversight comes from the UAE Central Bank, Dubai’s Virtual Assets Regulatory Authority (VARA) and the Dubai Future Foundation through its Real Estate Sandbox.

The technical backbone of the project is tokenization specialist Ctrl Alt’s infrastructure, which has selected the XRP Ledger blockchain to place property title deeds on. The company said it has directly integrated with DLD’s systems to ensure that the blockchain records stay in sync with traditional government real estate ledgers.

The launch builds on Dubai’s initiative that aims to accelerate tokenization, a red-hot crypto trend, of the city’s booming property market. The agency projected that tokenized real estate could account for 7%, roughly $16 billion, of the city’s total property transactions by 2033.

Tokenization stands for using blockchains for moving and recording ownership of traditional financial instruments like bonds, funds or real estate, attracting a slew of global banks and asset managers with the promise of operational gains and faster, cheaper settlements. It could be a huge opportunity: tokenized assets could grow to a multiple trillion-dollar market over the next few years, as projected by Ripple, BCG, McKinsey and others.

Read more: Ripple, BCG Project $18.9T Tokenized Asset Market by 2033

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May 26, 2025 0 comments

NFT Gaming

XRP Ledger Chosen By Dubai To Power Real Estate Tokenization

by admin May 26, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Dubai’s Land Department (DLD) has switched on the Middle East’s first government-backed tokenization of property title deeds, selecting the open-source XRP Ledger (XRPL) as the settlement layer for a pilot expected to reshape how domestic real-estate assets are bought, sold and financed. The live launch, developed under the DLD’s Real Estate Evolution Space Initiative (REES) and executed with tokenization specialist Ctrl Alt, synchronizes on-chain deed tokens with Dubai’s conventional land registry, creating a legally compliant bridge between the XRP Ledger and the emirate’s long-standing property system.

Dubai Turns To XRP Ledger

Ripple’s developer arm welcomed the choice. In a post on X, RippleX called the programme “a massive milestone for Dubai’s real estate market,” adding that the XRPL was picked “thanks to its decade-long reliability and stability in tokenizing and exchanging digital and real-world assets.”

Ctrl Alt’s infrastructure mints fractional title tokens, each representing a direct economic interest in a registered property. The company has integrated its stack directly with DLD databases so that any on-chain transfer instantly updates the government ledger, preserving legal finality while dispensing with paper conveyancing. Matt Ong, founder and chief executive of Ctrl Alt, said the team had “been working closely with the DLD … to bring real estate investment to a wider audience,” describing Dubai’s embrace of next-generation finance as “truly world-class.”

During the pilot phase, eligible UAE-ID holders can subscribe through PRYPCO Mint with a minimum ticket of AED 2,000 (about US$545). Transactions are settled in dirhams, not crypto, but ownership is recorded as bearer tokens on XRPL. The project targets cumulative fractional-deed issuance of roughly AED 60 billion ($16 billion) by 2033, equivalent to seven per cent of all property transactions forecast for that year, according to DLD projections.

For policymakers, the initiative advances two headline agendas: the Real Estate Sector Strategy 2033 and the broader Dubai Economic Agenda (D33), each of which mandates digital-first reforms to attract capital and sharpen regulatory competitiveness. Oversight is distributed: DLD governs the underlying physical asset, while the Virtual Assets Regulatory Authority (VARA) licenses Ctrl Alt as broker-dealer and issuer, ensuring that deed tokens meet the same provenance tests as the plots they represent.

XRPL’s selection gives the ledger its highest-profile government integration to date. Launched in 2012, the chain processes close to two million transactions per day, with finality in seconds and negligible network fees—features DLD cited as critical for scaling fractional real-estate markets without compromising retail-grade user experience.

Ctrl Alt arrives with a track record: as of 1 May 2025 the London- and Dubai-based firm had tokenized $295 million in alternative assets ranging from private credit to litigation finance. The real-estate deployment, however, places its infrastructure at the heart of an emirate whose property sector cleared more than $218 billion in deals last year, according to official statistics.

While authorities bill the sandbox as a gateway to broader participation, risk warnings accompany the launch. Ctrl Alt reminds prospective investors that “virtual assets may lose their value in full or in part, and are subject to extreme volatility,” and that fractional deed holders do not benefit from conventional investor-protection schemes.

If the pilot scales as planned, Dubai would become the world’s first jurisdiction to maintain mirror records of every property transfer on a public blockchain in real time—an architectural leap that could compress settlement cycles from weeks to minutes, widen access beyond high-net-worth buyers and generate transparent, machine-readable data streams for regulators and developers alike. For now, the ball is with early adopters: the PRYPCO Mint portal is live, the first apartments are tokenized, and every transaction settles irrevocably on XRPL’s consensus ledger—one more signal that the emirate intends to put real estate on-chain and on the map.

At press time, XRP traded at $2.34.

XRP price, 1-day chart | Source: XRPUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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May 26, 2025 0 comments

Game Updates

Boltgun 2 is real, and it’s bringing Doom to Chaos cultists in 2026

by admin May 24, 2025

Boltgun 2 has just been announced during today’s Warhammer Skulls event! The sequel to the 2023 Doom-inspired Warhammer 40k shooter, it’s set for a 2026 release with the bloody and bombastic return of the absurdly strong Malum Caedo.

Published by Big Fan, a Devolver Digital label, the game is bringing a whole new story that follows on from the original Boltgun. In addition, new enemies and weapons will be waiting for all your running-and-gunning needs. Notably, Khorne Daemons are featured prominantly in the new trailer, including Bloodletters and Juggernauts, which promise to be incredibly ferocious melee fighters.

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You can watch the trailer yourself below, where you can see Caedo explore never-before seen locations in the Warhammer 40K universe. He had previously found himself fighting in the original Warhammer 40K Space Marine setting, some time after the events of that cult classic, but it looks like Caedo and Auroch Digital have been given some free reign to explore entirely new adventures.

In case you haven’t played the original Boltgun, it’s a fantastic send-up to Retro FPS games with a lovingly created Warhammer 40K coat of paint on it. As part of the Warhammer Skulls event, plenty of games are getting substantial discounts Boltgun included. You can grab it now with a 47% price cut.

Are you excited for Boltgun 2? Let us know below!

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May 24, 2025 0 comments

Game Reviews

$80 for Borderlands 4 too costly? Randy Pitchford says, “If you’re a real fan, you’ll find a way to make it happen”

by admin May 20, 2025

Worried the impending arrival of $80 games might price you out of your favourite hobby? Well if Borderlands 4 follows suit, Gearbox boss Randy Pitchford has suggested the community should just suck it up and deal with it. “If you’re a real fan,” he recently told a potential purchaser, “you’ll find a way to make it happen.”

Pitchford made the proclamation on social media after a Borderlands fan opined, “Randy, [Borderlands 4] better not be $80. Don’t take that risk, a lot of gamers aren’t gonna pay $80 and feed this notion of constant increase of the price tag. You are the CEO, you have some say with the price when it comes to your publisher.”

But Pitchford begged to differ. “Not my call,” he insisted, before dismissing pricing concerns. “If you’re a real fan, you’ll find a way to make it happen. My local game store had Starflight for Sega Genesis for $80 in 1991 when I was just out of high school working minimum wage at an ice cream parlour in Pismo Beach and I found a way to make it happen.”

The response from Borderlands fans on social media was, unsurprisingly, swift, strong, and overwhelmingly negative. “Thanks, now I won’t buy the Game even if it costs $70”, one person wrote, while another added, “That has to be one of the worst CEO replies from recent memory.” Another called Pitchford’s comment “elitist [and] out of touch”; “Rich person says just find the money,” another wrote, with plenty more using considerably stronger language.

Of course, none of this means Borderlands 4 will cost $80 dollars when it eventually arrives, but the industry certainly seems to be heading in that direction. Nintendo got the ball rolling earlier this year, when it announced a $79.99 USD price tag for Mario Kart World on Switch 2, and Microsoft was quick to follow, confirming some Xbox game prices would rise to $79.99 at the end of 2025 – presumably in time for this year’s Call of Duty.

Notably, however, Borderlands 4 publisher Take-Two has relayed a more cautious approach to price increases, with CEO Strauss Zelnick recently reiterating the company’s stance on variable, game-by-game pricing. While some analysts have speculated next year’s GTA 6 might reach as much as $100, one of the only confirmed prices on Take-Two’s upcoming roster is Mafia: The Old Country, which costs $50. Borderlands 4 pricing details are yet to be shared.

But while customers might balk at the rising cost of games, former PlayStation exec Shuhei Yoshida recently suggested the move was inevitable. “I think it was going to happen sooner or later,” he explained in the wake of Mario Kart World’s price reveal, “maybe not from Nintendo, but it was going to happen eventually. We live in contrasting times, where inflation is real and significant, but people expect games that are ever more ambitious and therefore expensive to develop to cost the same. It’s an impossible equation.”

As for Borderlands 4, that’s set to launch for PC, PS5, and Xbox Series X/S on 12th September after Take-Two announced it was bringing its release forward.

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May 20, 2025 0 comments