Crypto chief Johann Kerbrat said on Monday that in-kind redemption and voting are on the roadmap for Robinhood Stock Tokens. The base prospectus governing the tokens says holders are not entitled to physical delivery of the underlying shares and have no voting rights, and the final terms let the issuer lend those shares out and waive the votes.

The crypto data provider says the capital will expand infrastructure for 24/7 tokenized markets, four years after its $53 million Series B.

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.

The Sept. 10 substitute adds CFTC registration and Bank Secrecy Act obligations for trading protocols that are not decentralized, limits the DeFi title to spot and cash digital commodity transactions, and clarifies what credit unions may do with digital assets. The seven Senate Democrats who have negotiated the bill for a year have not withdrawn the statement of opposition they issued in July.

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.

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.

The virtual card spends the dollar balance inside the MoneyGram app and works anywhere Visa is accepted. MoneyGram promised the card a year ago and has not said which stablecoin now backs it.

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.