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TradFi & Fintech

Ondo Finance Launches 24/7 Minting and Redemption for Tokenized US Stocks and ETFs
TradFi & Fintech

Ondo Finance Launches 24/7 Minting and Redemption for Tokenized US Stocks and ETFs

Ondo Finance has enabled around-the-clock minting and redemption for tokenized US stocks and ETFs on Ethereum and BNB Chain, removing the weekday-only constraint that had tied position creation and cancellation to US market hours.
Invesco Files for Tokenized Stablecoin-Reserve Money Market Fund Built on Superstate Rails
TradFi & Fintech

Invesco Files for Tokenized Stablecoin-Reserve Money Market Fund Built on Superstate Rails

US asset manager files for a GENIUS Act reserve money market fund whose shares are recorded directly on public blockchains, with Superstate as sub-transfer agent
Zuckerberg Orders Meta to Build Standalone Prediction Market App, Codenamed Arena
TradFi & Fintech

Zuckerberg Orders Meta to Build Standalone Prediction Market App, Codenamed Arena

Mark Zuckerberg has directed a small Meta team to build a standalone prediction-market app called Arena, according to the New York Times. The move puts the world's largest social network on a direct collision course with crypto-native platforms like Polymarket and Kalshi.
SoFi's Bank-Issued Stablecoin Hits $150M as Bullish Becomes First CEX to List It
TradFi & Fintech

SoFi's Bank-Issued Stablecoin Hits $150M as Bullish Becomes First CEX to List It

SoFiUSD, the first stablecoin issued by a US national bank, crossed $150 million in circulating supply on Tuesday as Bullish became the first centralized exchange to list the token.
Baillie Gifford Launches UK-Regulated Tokenized Bond Fund on Solana and Ethereum With BNY
TradFi & Fintech

Baillie Gifford Launches UK-Regulated Tokenized Bond Fund on Solana and Ethereum With BNY

Scottish asset manager Baillie Gifford has launched BAGEY, the first publicly available, fully native UK-regulated tokenized bond fund, with BNY providing custody and wallet infrastructure across Solana and Ethereum.
NYSE Parent ICE and OKX Form 50-50 Joint Venture for Tokenized Equities, Co-Chaired by Andrew Cuomo
TradFi & Fintech

NYSE Parent ICE and OKX Form 50-50 Joint Venture for Tokenized Equities, Co-Chaired by Andrew Cuomo

Intercontinental Exchange and OKX will build a U.S. broker-dealer to route OKX's customers into NYSE tokenized equities and ICE futures, pending regulatory approval.
Franklin Templeton Closes 250 Digital Acquisition, Launches Franklin Crypto for Institutional Allocators
TradFi & Fintech

Franklin Templeton Closes 250 Digital Acquisition, Launches Franklin Crypto for Institutional Allocators

The $1.78 trillion asset manager stands up a dedicated institutional crypto unit, extending a platform that already includes the BENJI tokenized money-market fund and a proposed pair of dividend-into-bitcoin ETFs.
Morgan Stanley Files Amended S-1s for Spot Solana and Ethereum Trusts
TradFi & Fintech

Morgan Stanley Files Amended S-1s for Spot Solana and Ethereum Trusts

Morgan Stanley's amended S-1 filings for its spot Solana and spot Ethereum trusts name BNY Mellon and Coinbase Custody as joint custodians, set a 0.14% sponsor fee, and reserve the tickers MSOL and MSSE on NYSE Arca. Both products include staking provisions.
Andrew Cuomo Tapped to Co-Chair OKX-ICE Crypto Joint Venture
TradFi & Fintech

Andrew Cuomo Tapped to Co-Chair OKX-ICE Crypto Joint Venture

Former New York governor Andrew Cuomo will co-chair a joint venture between OKX and NYSE owner Intercontinental Exchange with ICE futures-exchanges chief Trabue Bland. Cuomo has advised OKX on policy since 2022, spanning the exchange's $504 million DOJ settlement. The venture is the consumer-facing wedge of ICE's $25 billion strategic tie-up with OKX.
Coinbase Teases 1:1-Backed Tokenized U.S. Stocks With On-Chain Dividends
TradFi & Fintech

Coinbase Teases 1:1-Backed Tokenized U.S. Stocks With On-Chain Dividends

Coinbase announced plans for what it calls the first tokenized U.S. stocks backed 1:1 by actual shares, with automatic on-chain dividend distribution. The exchange described the product as 'no derivatives, no IOUs,' a direct contrast to the synthetic equity structures currently dominating on-chain equity trading.