Securitize launches innovative sToken Vault functionality, powering enhanced liquidity and composability of RWAs with Elixir’s “deUSD RWA Institutional Program”

Tether announces an investment in Quantoz Payments to support the launch of EURQ and USDQ, MiCAR-compliant stablecoins aimed at advancing regulated digital asset solutions in Europe. This initiative showcases Tether's commitment to innovative financial tools and positions it at the forefront of the asset tokenization sector with its Hadron technology.

Franklin Templeton has expanded its OnChain U.S. Government Money Market Fund to the Ethereum blockchain, alongside availability on other platforms like Base, Aptos, and Avalanche. The fund now has a market cap of $410 million, making it one of the largest tokenized money market funds. Ethereum is the preferred blockchain for issuing tokenized traditional assets, handling $1.6 billion worth.

SCB 10X, the fintech arm of SCBX Group, has developed a Thai Baht stablecoin, THBX, in collaboration with Siam Commercial Bank and other partners. The stablecoin aims to provide a seamless payment experience for foreign visitors during the Ethereum Devcon event in Thailand, allowing for retail payments via QR codes. The project operates within a regulatory sandbox overseen by the Bank of Thailand and Thai Securities and Exchange Commission.

Societe Generale's digital assets subsidiary, SG-FORGE, plans to expand its euro stablecoin, EUR CoinVertible (EURCV), to the XRP Ledger, building on previous launches on Ethereum and upcoming plans for Solana.

There is hope that Congress might advance US stablecoin laws during the current lame duck session, despite challenges in reaching bipartisan agreement. With significant advancements in the global stablecoin market and a growing number of financial players entering, urgency has been expressed by certain lawmakers. However, ongoing debates about the balance between state and federal oversight remain a major hurdle. Meanwhile, prospects for the FIT21 Act, which aims for a tailored regulatory framework for crypto, appear dim for this year.

Sygnum's 2024 survey reveals that 57% of institutional investors plan to increase their crypto allocations, with 65% bullish in the long term. The survey highlights strong interest in digital assets despite concerns over volatility, driven by optimism surrounding recent Bitcoin price hikes and regulatory clarity.

Sling Money has launched in the U.S., offering instant, stablecoin-based peer-to-peer payments for customers of major banks. Using the Solana blockchain, users can send money quickly and at low costs, with the ability to transfer to over 75 countries. The app supports USDP, a reserve-backed US Dollar stablecoin, and integrates with real-time payment systems like RTP and FedNow. With no current fees, Sling Money aims to enhance financial accessibility for Americans and expedite the rollout globally.

Tether has launched Hadron, a platform aimed at simplifying the tokenization of various assets, including stocks, bonds, and stablecoins, making it accessible for institutions, governments, and private companies.

Matrixdock announces a strategic partnership with Brink's for the secure management of its XAUm token, a gold-backed digital asset. The partnership enhances security by leveraging Brink's vaults in Singapore and Hong Kong, ensuring that LBMA-certified gold backing XAUm is safely custodied and accessible to investors in Asia-Pacific.

Institutions such as Clearstream, DekaBank, and Union Investment are urging the European Central Bank (ECB) to continue its wholesale DLT settlement trials using central bank money. They emphasize the need to maintain momentum and avoid delays in implementing scalable payment solutions as discussions around a potential digital capital markets union grow.

Fireblocks has partnered with NongHyup Bank in South Korea to pilot the tokenization of tax refunds, leveraging blockchain technology for enhanced transparency and security.

BlackRock is expanding its tokenized fund BUIDL, initially launched on Ethereum, to five new blockchains: Aptos, Arbitrum, Avalanche, Optimism's OP Mainnet, and Polygon. This move aims to enhance access to the largest blockchain-based money market fund, backed by short-term U.S. Treasuries, which has already accumulated $520 million in assets.

The stablecoin payment processor Utopia Labs has joined Base, the Layer 2 network from Coinbase, to enhance onchain payments within Coinbase Wallet. This collaboration aligns with Coinbase's vision for global payments.

The UK’s Chancellor is expected to announce plans for issuing digital gilts, tokenized government bonds on a blockchain, in a Mansion House speech cited by Bloomberg. The issuance is expected within two years, following proposals from the previous government and industry recommendations. The move aims to advance the UK's digital strategy and aligns with international practices, particularly in DLT and government bonds.

Avalon Labs has launched USDa, the first Bitcoin-backed overcollateralized stablecoin with a supply of 100 million USDa tokens backed by $200 million in Bitcoin, offering high annual percentage yields and aiming to enhance Bitcoin's liquidity and adoption.

The Deutsche Bundesbank joins Project Guardian, a global initiative led by the Monetary Authority of Singapore (MAS), to explore asset tokenisation in financial markets, enhancing liquidity and efficiency through technology.

Copper has received approval from the FSRA in Abu Dhabi to offer custody services for tokenized money market funds, allowing clients to use these tokens as collateral in derivatives trades. The firm has partnered with key players in tokenization and emphasizes operational efficiencies in the growing tokenized Treasury market.

A report by Standard Chartered predicts that a Republican sweep in the U.S. elections could lead to the cryptocurrency market cap reaching $10 trillion by 2026, driven by regulatory changes and positive policies for digital assets.

AFME outlines its vision and policy recommendations for DLT and tokenization in Europe, addressing challenges posed by CSDR regulations and advocating for a new regulatory regime similar to MiCAR for crypto-assets.

DWF Labs has partnered with UCLA to enhance education on tokenized securities as part of a broader initiative to promote understanding of security token offerings (STOs) within the institutional landscape; the move signals a growing acknowledgment of blockchain's transformative potential in financial technology and markets.

Anemoy’s Liquid Treasury Fund, managed by Janus Henderson, has become the first tokenized fund to receive ratings from both Moody’s (Aa) and Particula (A+). The fund's high credit quality, operational oversight, and innovative use of blockchain for transparency and efficiency signal growing institutional confidence in tokenized assets.

ABN AMRO has successfully completed its second use case in the Eurosystem Central Bank Digital Currency trials, executing pilot trades with central bank money settlement using DLT and tokenised commercial paper as collateral.

Caisse des Dépôts et Consignations (CDC) has issued a €100m digital bond using the Banque de France’s DL3S DLT platform, as part of European Central Bank’s wholesale DLT settlement trials. This transaction showcases the use of tokenized central bank money and interoperability between DLTs.