TradFi & Fintech
From banks, to asset managers and payments apps, these are the financial firms operating on top of traditional rails and non-blockchain infrastructure.
Top Stories

Only Four of Top 20 Crypto Treasury Firms Trade Above Holdings Value: DWF
Discounts undermine share-funded token accumulation, though Strategy’s latest filing shows purchases can continue using existing cash.

Ondo Launches Tokenized Portfolios Built on BlackRock Strategies
Three portfolio tokens are available on Ethereum and BNB Chain for eligible non-US investors. BlackRock supplies the models; Ondo manages the products.
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Recent articles

Only Four of Top 20 Crypto Treasury Firms Trade Above Holdings Value: DWF
Discounts undermine share-funded token accumulation, though Strategy’s latest filing shows purchases can continue using existing cash.

Ondo Launches Tokenized Portfolios Built on BlackRock Strategies
Three portfolio tokens are available on Ethereum and BNB Chain for eligible non-US investors. BlackRock supplies the models; Ondo manages the products.

KB Securities, Securitize and Optimism Sign Exploratory Korea Tokenization MOU
Optimism’s X post names a tokenized bond as the first product, while its same-day blog names two tokenized funds. Korea’s first regulatory phase starts in February 2027.

MoonPay Agrees to Buy North Capital, Adding Securities Infrastructure
Sources told CoinDesk the all-stock deal is worth more than $60 million; the transaction remains subject to regulatory approval.

Six Canadian Banks Outline First Phase of Tokenized Deposit Project
The exploratory project would first move deposits among participating institutions, while a US counterpart names its operator and payment rails.

Ondo Opens In-Kind Minting for Tokenized US Stocks
Approved institutions can now swap existing share inventory for Ondo Stocks through Alpaca, removing the separate cash funding required by the platform’s existing issuance flow.

Blockchain.com and NYSE Explore 24/7 Tokenized Stock Trading
The agreement would connect the crypto platform to NYSE’s planned digital venue and add two-way distribution of stock and crypto market data.

Near Adds Ondo’s Tokenized Stocks With Confidential Execution
near.com began offering Ondo Finance’s tokenized U.S. stocks and exchange-traded funds (ETFs) on Tuesday, letting users buy them with crypto held across more than 30 networks. The companies said the trades are not broadcast publicly. The tokens are not available to U.S. persons or in Canada. NEAR rose 7.1% over 24 hours.

Binance Takes $100 Million Circle Stake And Renews The USDC Deal Circle Pays For
Circle sold Binance 1,237,011 shares at $80.84, a five percent discount to the Sept. 17 close, and agreed to keep paying the exchange a monthly fee tied to USDC balances, an SEC filing shows.

Mastercard-Owned BVNK Adds Stellar Rail for Stablecoin Payments
The stablecoin infrastructure firm Mastercard bought for up to $1.8 billion says the integration is live across its 130-plus markets, with more Stellar-native assets to follow.