Converge Newsletter
A weekly briefing and in-depth analysis on the highest-signal RWA, tokenization, stablecoin, and financial convergence news.
Featured issues
Circle Names Founding Validators for Permissioned Arc Blockchain
Plus, Wellington and Nomura put credit onchain, Wells Fargo tokenizes deposits.
Banks Racing to Own On-Chain Settlement Rails
Ten European banks launch a jointly owned settlement network; SoFiUSD goes live in commercial payments; and a card issuer's collapse shows what renting infrastructure costs.
Recent issues
Circle Names Founding Validators for Permissioned Arc Blockchain
Plus, Wellington and Nomura put credit onchain, Wells Fargo tokenizes deposits.
Banks Racing to Own On-Chain Settlement Rails
Ten European banks launch a jointly owned settlement network; SoFiUSD goes live in commercial payments; and a card issuer's collapse shows what renting infrastructure costs.
Tokenized Stocks Hit Records as US Access Opens
Ondo's broker-dealer cleared to sell tokenized equities to Americans, Uniswap put allowlists onchain, and CLARITY heads into its last window before recess.
DTCC Goes Live With Tokenized Stocks and Treasuries
Plus Stripe's $53B bid for PayPal, Visa launches on Open USD, and our sit-down with DTCC Digital Assets.
Robinhood Chain's First Week Runs on Memecoins, Not RWAs
Plus an exclusive with Coinbase's Brian Foster, and JPMorgan's tokenized reserve fund quietly tripling.
Open USD Is Already Hurting Circle
Plus: the tokenizers go public, a stablecoin paywall for the agent web, and New York Life's junk bonds on-chain.
Tokenizing the Reserve, Banning the CBDC
Plus: MoneyGram's Anthony Soohoo on refounding an 85-year-old cash network from the backend up.
Tokenized Equity Splits Into Two Models
Backpack leads on holders, Ondo on TVL; Coinbase teases a 1:1 product with on-chain dividends.
The SpaceX IPO Was a Key Test for Tokenized Stocks; Some Failed
Bybit, Binance and Bitget cancel xStocks SpaceX allocations after Backed Finance fails to source shares.
Debanking, Never Again
Fed, OCC and FDIC strip 'reputation risk' from 15 supervisory documents.