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TradFi & Fintech

Ripple Launches RLUSD in Japan via SBI as Circle and Nomura Join Stablecoin Race
TradFi & Fintech

Ripple Launches RLUSD in Japan via SBI as Circle and Nomura Join Stablecoin Race

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.
Tokenized Asset Value Stalls Even as Stock Token Holders Surge
TradFi & Fintech

Tokenized Asset Value Stalls Even as Stock Token Holders Surge

Distributed tokenized real-world asset value slipped about 1.4% over the past month to roughly $31.5 billion, the first monthly decline of its institutional-led run, even as the number of holders climbed 14%, led by tokenized stocks, according to data from rwa.xyz.
Securitize Goes Public on NYSE July 2 With $400M From SPAC Merger
TradFi & Fintech

Securitize Goes Public on NYSE July 2 With $400M From SPAC Merger

Securitize, the tokenization platform behind BlackRock's BUIDL fund, is set to begin trading on the NYSE on July 2 under the ticker SECZ after a SPAC merger with Cantor Equity Partners II that raised over $400 million, including an oversubscribed $225M PIPE.
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.