TradFi & Fintech

Tether has invested $20 million in a strategic growth financing round for Mercado Bitcoin, Brazil's largest crypto exchange, the stablecoin issuer announced Tuesday. The deal backs Mercado Bitcoin's push into tokenization, payments, credit and capital markets across Latin America. Mercado Bitcoin,…

JPMorgan's JLTXX tokenized money market fund has grown its onchain assets under management by roughly 250% over the past month, according to data platform Token Terminal. The bank runs the fund exclusively on Ethereum. JLTXX, formally the OnChain Liquidity Token Money Market Fund, launched May 13…

Securitize put its own newly listed common stock onchain the same day SECZ began trading on the NYSE, launching tokenized shares on Avalanche and Solana through its regulated platform.

New York Life Investment Management is tokenizing a high-yield corporate bond strategy for the first time, partnering with Centrifuge on the NYLIM Anemoy fund settled in USDC.

Cantor Equity Partners II shareholders voted Monday to approve a business combination with Securitize, expected to close July 1 and list on the NYSE July 2 under ticker SECZ as the first publicly traded tokenization company in the US.

A consortium of more than 140 financial and technology companies introduced Open USD, a dollar stablecoin whose reserve earnings and governance are designed to flow to the businesses that adopt it rather than to a single issuer.

J.P. Morgan's Kinexys blockchain payments platform has processed more than $4 trillion in transactions since launch and expanded to eight currencies, adding the Australian dollar, Hong Kong dollar, Japanese yen, Chinese renminbi and Singapore dollar to serve institutional clients across Asia-Pacific.

BNY, the world's largest custodian bank with $59.4 trillion in assets under custody, has made USDC the first stablecoin on its Digital Asset Custody platform, enabling institutional clients to store, transfer, mint, and redeem Circle's dollar-pegged token alongside traditional assets.

Chainlink and a multinational consortium of more than 50 banks across 16 countries launched Project Pangea at Point Zero Forum in Zurich, targeting real-time atomic settlement for the $9.6 trillion-a-day global foreign exchange market via Chainlink rails, Swift messaging, and regulated EUR and KRW stablecoins.

Ripple's RLUSD stablecoin went live in Japan on Tuesday after receiving approval from Japan's Financial Services Agency, becoming the first foreign-issued stablecoin classified under Japan's revised Payment Services Act.