DeFi
Decentralized Finance, the ecosystem of financial applications and services built on public blockchains.
Top Stories

Kraken Parent Plans Permissioned Hyperliquid Perps for US Traders
Bitnomial would deploy, administer, clear and settle the proposed markets, while NinjaTrader Clearing would carry approved customer accounts.

Aave Labs Plans A Tokenized-Asset Credit Market On Avalanche With Tether's USA₮
The Aave V4 RWA Hub would let institutions borrow USA₮ against tokenized collateral on Avalanche. The hub and the USA₮ listing both go to an Aave DAO vote, and the release gives no launch date.
Recent articles

Kraken Parent Plans Permissioned Hyperliquid Perps for US Traders
Bitnomial would deploy, administer, clear and settle the proposed markets, while NinjaTrader Clearing would carry approved customer accounts.

Aave Labs Plans A Tokenized-Asset Credit Market On Avalanche With Tether's USA₮
The Aave V4 RWA Hub would let institutions borrow USA₮ against tokenized collateral on Avalanche. The hub and the USA₮ listing both go to an Aave DAO vote, and the release gives no launch date.

Kraken Launches xStocks Vaults That Borrow Against Tokenized Equities
The product targets up to 2% APY by moving xStock collateral from Ink to Solana, while a 25% performance fee and DeFi lending risks apply.

Standard Chartered Says SKY Token Will 5X to $0.325 by 2028
Geoff Kendrick calls Sky "DeFi's federal bank" and forecasts a five-fold rise in the value the protocol passes to token holders by end-2028. The thesis runs on USDS supply growth.

Spark Opens Its USDT Savings Vault To OKX Users
The exchange routes USDT deposits into a Spark vault on X Layer, OKX's own Layer 2 network, where the vault holds under $500 and Spark's risk reviewers noted the chain can be upgraded by its operator without delay.

Valinor Launches Tokenized BDC Fund On Superstate
The Valinor BDC Exposure Fund buys the listed equity of business development companies, charges 1.25% on top of the fees those BDCs already charge, and accepts daily redemptions capped at 7.5% of net asset value a day. None of its 499,157 shares have been tokenized.
Latitude Raises $35 Million For Local Stablecoin Off-Ramps
Oak HC/FT led the round with NEA, Coinbase Ventures, Lightspeed Faction and OpenFX participating, taking total funding to $43 million. Latitude's own site breaks its "45 U.S. markets" into 39 money transmission licences, one state registration and five no-action letters.
U.S. Bank Issues Its Own Stablecoin On Stellar
The bank said Wednesday it moved value between its North American and European entities with USBDC, a dollar-backed token it issued on Stellar. The pilot tested minting, redemption, freezing and clawback. XLM trades at $0.18, down 3.1% on the day.
Compound Opens Institutional Market With 87% LTV
The market takes ETH, wstETH, WBTC and cbBTC as collateral against USDC at loan-to-value ratios of up to 87%. Compound says borrowing is open to anyone, with approval required only for the 200,000 USDC in supplier rewards.
Nomura's Laser Digital Moves Into DeFi Fixed Income
Laser Digital will act as risk governor for lending markets built with Keyring Network, with the first markets readied for Euler Finance. Neither company disclosed committed capital, fee terms or a launch date.