Tokenized US Treasuries have experienced a remarkable growth of 125%, reaching $15.42 billion, according to a report by Chainalysis. This increase represents the largest dollar addition among tokenized assets, which also saw a total expansion to $36.07 billion. As the market diversifies towards US government debt, this trend could signify a shift in investment strategies.
Fission, a blockchain-enabled financial technology company building liquidity infrastructure for tokenized investment funds, has closed a $10 million Series A led by Pantera Capital, according to a company announcement published October 15. The round adds Circle Ventures, New Form, gumi Cryptos Capital, Borderless Capital and Ari Rubenstein, CEO of trading firm GTS, to Fission’s investor
Tokenized assets for SpaceX and Tesla have gained traction, now held in 140,174 wallets. This figure represents a remarkable increase, up 7.9 times since January. This growth reflects a rising interest in blockchain-based investments and trading, especially amid speculation around SpaceX’s potential public listing. The data surfaced through a tweet from influencer @tokenterminal, signaling a
In brief Circle plans to expand into roughly 40 emerging and developing countries, CEO Jeremy Allaire told Reuters, saying blockchain is entering its “mainstream scaling phase.” $USDC holds about 25% of the stablecoin market versus roughly 60% for Tether’s $USDT, and its circulation rose 19% year over year to $73.3 billion in the second quarter.
Tokenized versions of Strategy’s common and preferred stock are approaching a significant milestone of $500 million in on-chain market capitalization. This surge reflects growing interest in tokenized assets and on-chain distribution strategies, as highlighted by a recent tweet from the crypto commentator @tokenterminal. As financial institutions continue to explore blockchain innovations, the implications for traditional
a16z Crypto’s General Partner Guy Wuollet recently stated that stablecoins represent the most significant near-term opportunity for blockchain in finance. He highlighted their role in enhancing payment efficiency, especially in high-inflation environments, during an interview on the a16z Crypto channel. This perspective underscores a growing recognition of stablecoins as vital components in the evolution of
IREN Limited (NASDAQ: IREN) shares fell nearly 4% to $29.23 in Friday’s early morning trading after Morningstar lowered its valuation estimate for the AI cloud provider to $37 from $43, citing concerns over rising borrowing costs and competition for capital. The nearly 14% valuation reduction followed Morningstar’s warning that specialized AI cloud providers, known as
Franklin Templeton is making strides in the tokenized asset space by introducing innovative vaults designed to enhance the efficiency of structured products. According to a tweet from @pendle_fi, these vaults could streamline risk presentation for retail investors. The move suggests a significant shift towards more accessible digital asset investment opportunities, positioning Franklin Templeton as a
USBC, Inc. signed a Second Addendum to its Master Loan Agreement with Payward Interactive, Kraken’s lending affiliate, raising its total credit commitment from $25 million to $40 million As of the addendum’s effective date, $21 million was already outstanding under the facility, leaving $19 million in remaining availability subject to collateral and borrowing conditions Borrowings
CoreWeave (NASDAQ: CRWV) and Broadcom (NASDAQ: AVGO) have told OKXICE that they do not want tokenized versions of their stock to be traded on its new venue. The venue is operating under the SEC’s exemption rule that lets it treat 30 days of silence from companies as a yes to having their stock tokenized. Will