DeFi

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.

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.

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.

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.

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.

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.

Eligible investors can now borrow USDG against a fund holding high-yield corporate bonds and CLO tranches, collateral whose value moves daily with credit spreads.

The reported plan would route U.S. traders through CFTC-regulated Bitnomial, while neither Payward nor Hyperliquid has confirmed a deal.

The commitment will fund more GPU loans; USD.AI’s API reported $265 million in loan reserves and $491 million in TVL.

RedStone puts tokenized real-world assets on Stellar above $3 billion in July, against DeFi value it measures at $213 million.