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TradFi & Fintech

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.
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.