Crédit Agricole, Europe's third-largest bank, has launched the EURO eXchange Token (EURXT), a euro-backed stablecoin issued by its asset servicing arm, CACEIS. The token, compliant with the EU's MiCA framework, is initially aimed at institutional investors and corporate clients.
Banks can now legally issue stablecoins and custody Bitcoin, but the Basel Committee's cryptoasset standard imposes a 1,250% risk weight on unbacked crypto, effectively requiring 100% capital backing. This punitive approach, designed in a different era, is now hindering regulated banks' digital asset business and creating regulatory fragmentation, prompting an expedited review.
Bitwise has completed its takeover of Superstate's Crypto Carry Fund (USCC), gaining control of a tokenized investment vehicle focused on market-neutral crypto trading strategies. The fund, with approximately $259 million in assets under management and a 4% yield as of May 29, utilizes crypto cash-and-carry trades.
Real-world assets (RWA) on blockchain surpass $32 billion in market value, but experts warn about liquidity issues and fragmentation across blockchains, potentially draining billions from the market annually.
Ether (ETH) is poised to continue its uptrend driven by institutional adoption, including JPMorgan and BlackRock launching tokenized funds on Ethereum, and bullish technical structures indicating a bottom-out in price.
Ondo Finance said Ripple has redeemed OUSG on XRP Ledger and received a USD payout in Singapore through Mastercard and Kinexys by J.P. Morgan. The May 6 pilot tested whether a tokenized fund redemption on a public blockchain could trigger a bank-account payout across borders and banks, using a transaction path that Ondo said operated […] The post JPMorgan, Mastercard and Ripple complete cross-border XRP tokenized Treasury settlement appeared first on CryptoSlate.
The FCA signs off rules to let UK funds keep registers onchain and add a new Direct‑to‑Fund dealing model, aiming to simplify tokenized funds inside the existing regime.
OKX has partnered with Standard Chartered to allow institutional clients to use BlackRock’s BUIDL tokenized Treasury fund as collateral for trading, enabling capital efficiency by earning yield while maintaining off-exchange custody.
