Latest

DeFi
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.

TradFi & Fintech
MoneyGram's Stablecoin Visa Card Goes Live In Colombia
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.
DeFi
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.
DeFi
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.
DeFi
Tether And Fasanara Seed A $400 Million Private Credit Fund
The evergreen fund opens with $400 million from the two sponsors and targets up to $3 billion from outside institutions. Fasanara manages the investments while Tether originates USDT-linked deals and runs settlement. USDT supply stands at $183.4 billion.

CeFi
Nasdaq Invests $100 Million in Kraken Parent Payward
Nasdaq Ventures agreed to put $100 million into Kraken's parent company, at a $21 billion valuation according to Bloomberg, and Payward will adopt Nasdaq's surveillance technology across its trading venues.
DeFi
Pump.fun Lets Creators Launch Coins Priced In Tokenized Stocks
Pump.fun opened token launches to quote assets beyond SOL and USDC on Wednesday afternoon, putting the count at 93 pairs including tokenized Nvidia, Tesla and the S&P 500. Half the revenue from the new pairs goes to the PUMP buyback-and-burn contract. The deepest of the new quote assets holds $3.07 million of liquidity.

DeFi
Zora Co-Founder Dee Goens Replaces Jacob Horne as CEO
Goens said Zora is now under 10 people after a headcount reduction this year and named ZORA buybacks among his first priorities. Fees from the protocol’s Base deployment are down 99% from a year ago.

TradFi & Fintech
Tenev Says Robinhood Stock Tokens Should Not Automatically Require Issuer Consent
The Robinhood CEO acknowledged that token holders lack voting rights, reflecting a structure that provides economic exposure through Jersey-issued debt securities rather than share ownership.

Markets
Report Links $2.08M in LAPTOP Sales to Wintermute-Tagged Wallet
Lookonchain traced a 2.5 million-token team allocation to the address; separately, one trader reported nearly empty launch pools and a 98% early drop.



