While most investors and analysts were focused on the technology sector – with a particular eye for the wider artificial intelligence (AI) space – and energy, a different industry produced one of the best-performing exchange-traded funds (ETFs) on record. Specifically, the Breakwave Tanker Shipping ETF (BWET) started 2026 trading at $18.73 and is, at press
Valinor Digital launched a tokenized fund that holds a basket of publicly traded business development companies, offering qualified purchasers exposure to a private credit return profile with daily subscriptions and redemptions, the firm said on Thursday. The Valinor BDC Exposure Fund, ticker VBDC, is issued as a series of Superstate Asset Trust on Superstate’s FundOS
Latitude raised a $35 million Series A led by Oak HC/FT to connect stablecoin settlement to local payment rails, the company said Wednesday. NEA, Coinbase Ventures, Lightspeed Faction and OpenFX also took part. The money goes into licences and local payout connections, the leg of a stablecoin payment that still runs through banks and domestic
A coalition of European financial and tokenization groups has urged EU lawmakers to remove a proposed 100 billion euro cap ($116.3 billion) on tokenized financial instruments or raise it to at least 500 billion euro. The draft letter, dated Sept. 7 and addressed to EU Council members and the European Parliament’s Economic and Monetary Affairs
Cryptocurrency exchange Coinbase partnered with financial platform Moov to bring stablecoin infrastructure to more than 1,000 community banks and credit unions that are part of Moov’s customer base. The partnership will combine Coinbase’s regulated digital asset infrastructure and Moov’s payments platform to offer stablecoin payment acceptance, settlement and real-time funding, according to a Thursday announcement.
Polymarket has hired veteran executive Warren Jenson, who previously served as CFO at Amazon as its first-ever chief financial officer. Jenson will report to Polymarket founder and CEO Shayne Coplan — who called him a “true legend” in a post on X — and will oversee the company’s finance organization, financial and capital strategy and
A landmark project to tokenize 250 million pounds ($330 million) in U.K. retail bank deposits has been delayed as Monument Bank scrambles to resolve an institutional custody bottleneck. Monument Bank founder Mintoo Bhandari said the London-based firm’s plan to tokenize client deposits on the privacy-focused Midnight blockchain had fallen several months behind schedule due to
Happy Thursday, advisors! In today’s newsletter, Michael Zhao from Grayscale Research on how Hyperliquid moved exchange-level trading onchain, and why its prices are starting to matter beyond it. Then, in “Ask an Expert,” Kim Klemballa answers questions about the HYPE token: staking, fees, governance and the ETFs now tracking it. Happy reading. – Sarah Morton