Here is why Nasdaq and owner of NYSE are putting the $126 trillion equity market on blockchain
The race for the “everything exchange” makes Wall Street operators and crypto exchanges rivals and partners at the same time.
Tokenized Assets
Circle overtakes BlackRock in tokenized Treasuries as market hits record $11 billion
Circle’s USYC tokenized U.S. Treasury fund has grown to $2.2 billion, surpassing BlackRock’s BUIDL fund as investors increasingly seek onchain yield and collateral.
Boerse Stuttgart Unveils Pan-European Settlement Platform for Tokenized Assets
The blockchain-based Seturion platform is designed to unify post-trade systems for tokenized assets and reduce settlement costs by up to 90%.
State Street Expands Custody to Tokenized Debt on JPMorgan’s Blockchain Platform
The inaugural transaction State Street anchored was a $100 million digital commercial paper issuance by OCBC.
Solana-Focused Upexi to Tokenize Shares; Added 56K SOL to Holdings
The Nasdaq-listed firm has tapped Superstate’s equity tokenization tool to make its shares available on the blockchain.
Securitize Acquires MG Stover’s Unit to Become Largest Digital Asset Fund Administrator
The deal expands Securitize Fund Services’ offerings and brings its assets under administration to over $38 billion across 715 funds, the company said.
Blockchain Data Provider Chronicle Raises $12M to Expand Infrastructure for Tokenized Assets
Blockchain oracles like Chronicle are key piece of infrastructure to connect blockchain-based assets with off-chain data.
China’s CPIC Rolls Out $100M Tokenized Fund with HashKey as RWA Trend Expands in Asia
Asset tokenization is a red-hot sector in crypto as asset managers around the globe are increasingly leveraging blockchain rails for traditional instruments like bonds and funds.
Fidelity Files for OnChain U.S. Treasury Fund, Joining the Asset Tokenization Race
Tokenized money market funds has grown sixfold in a year to 4.8 billion, currently led by BlackRock’s product.
BlackRock’s BUIDL Fund Tops $1B with Ethena’s $200M Allocation
BUIDL is a key building block for multiple yield-generating offerings as a reserve asset, and it’s increasingly used as collateral on trading platforms.