South Korean crypto exchange Korbit will rebrand as Digital X after its acquisition by Mirae Asset Group. Mirae founder Park Hyeon-joo announced the name, central to the group's "3.0" strategy to combine digital and traditional finance, with plans for RWA tokenization, security tokens, and stablecoins.
OKX appointed former NY Governor Andrew Cuomo to its board, leveraging his regulatory expertise for its push into licensed financial services, including a joint venture with ICE. This move aims to secure broker-dealer status and institutional customers, occurring as Congress debates the CLARITY Act, which addresses the overlap between political power and crypto wealth.
SBI Holdings acquires majority stake in Coinhako, a Singaporean crypto platform, post-MAS approval, aiming to combine customer base and network with its financial and digital asset services.
Robinhood has launched its Ethereum layer-2 blockchain, Robinhood Chain, built with Arbitrum technology. The network supports tokenized real-world assets like stocks and ETFs, and integrates with DeFi applications, aiming to expand financial ownership globally.
Robinhood's new layer-2 blockchain, Robinhood Chain, has attracted over $70 million in Ether within its first week of launch. The EVM-compatible Arbitrum-based network uses ETH as its native gas token, potentially creating significant new demand for ETH and solidifying Ethereum's position for tokenized real-world assets.
Solana's real-world asset (RWA) transfer volume has more than doubled in the past month, reaching $8.68 billion, indicating that tokenized assets are increasingly circulating rather than just being issued. This surge is attributed to a broader holder base, including retail-focused tokenized equities like xStocks, alongside institutional products from BlackRock and Ondo, leveraging Solana's low fees and high velocity.
The UK's Financial Conduct Authority (FCA) has released a report detailing a significant shift towards automated retail financial services driven by agentic AI. The report highlights the need for programmable infrastructure and addresses governance risks.
Franklin Templeton has acquired crypto asset manager 250 Digital, integrating its team and strategies into a new division, Franklin Crypto. This move expands Franklin Templeton's digital asset business, aiming to offer actively managed crypto strategies to institutional investors.
Web3 platform Enso has launched a new application providing access to over 500 tokenized assets, including stocks, ETFs, and Treasurys, through integrations with xStocks, Ondo Finance, and Anchorage Digital. This move simplifies access to tokenized assets and caters to growing global demand, particularly from Europe.
The Philippine SEC is ready to embrace the tokenization of real-world assets, with Commissioner Rogelio Quevedo stating that legal and regulatory foundations are in place. The move aims to spur innovation in capital markets and provide safer investment options for Overseas Filipino Workers.
Blockchain.com partnered with Ondo Finance to add 173 tokenized stocks and ETFs, expanding its catalog to over 430 offerings across multiple blockchains. The new listings include private company shares, Treasury products, and themed baskets, with SpaceX's SPCX token highlighted. This move aims to leverage potential regulatory unlocks for tokenized US equities trading in DeFi.
Standard Chartered forecasts a $100 price target for Uniswap's UNI token by 2030, driven by the projected growth of tokenized assets and their potential integration into DeFi venues for liquidity. The bank's thesis hinges on open protocols capturing a significant share of this burgeoning market, though hybrid models and controlled access remain key considerations.
Citigroup introduces a blockchain platform for tokenized shares of pre-IPO companies, targeting wealthy and institutional investors, with initial access for foreign investors and later expansion to the US.
Financial institutions like Franklin Templeton and BNP Paribas are exploring tokenization and stablecoins to enhance capital markets in Europe by improving settlement and liquidity. Major US banks are also planning tokenized deposit networks, while Nasdaq and NYSE are developing tokenized trading infrastructure.
Brazil's B3 exchange has launched the first guaranteed OTC flexible option tied to a crypto ETF (HASH11), integrating crypto-linked assets into regulated clearing and settlement infrastructure. This move mirrors Brazil's rapid adoption of financial innovations like Pix and positions it ahead of the US in tokenized asset integration.
A Grayscale report highlights liquidity and operational infrastructure as key criteria for institutional investment in tokenized assets. Ethereum, BNB Chain, Solana, and Canton Network are identified as the primary networks poised to attract significant capital.
RedStone Settle introduces an onchain auction mechanism enabling tokenized real-world assets with 60-180 day redemption periods to serve as DeFi collateral. The Swiss-based oracle provider's solution addresses liquidity mismatch that has prevented RWAs from being used in lending protocols like Aave, potentially unlocking over $30 billion in idle tokenized assets.
Ondo Finance has partnered with Broadridge to introduce proxy voting for its tokenized stocks and ETFs. By connecting crypto wallets to the ProxyVote platform, investors can now participate in corporate governance, bridging a gap between traditional equity and onchain assets.
Wall Street institutions are rapidly adopting perpetual futures contracts and tokenized real-world assets to operate in a 24/7 global economy. Industry experts explain that the elimination of contract expiry dates and atomic settlement are redefining market relevance, with crypto-native platforms increasingly leading price discovery during weekend geopolitical events. The IMF warns that while these technologies enhance capital efficiency, they eliminate temporal buffers and require CBDCs as a public anchor to prevent instant liquidity crises.
