Tokenization
Tether expands tokenization business into Saudi Arabia, starting with real estate
The stablecoin issuer is extending its tokenization business into Saudi Arabia, starting with institutional real estate assets with plans to expand to other asset classes.
Ondo Finance hires former Blockchain.com CFO Adam Schlisman
The tokenized-assets firm appointed ex-Blockchain.com and Monashee executive as finance chief as it expands its onchain capital markets business.
Wells Fargo joins JPMorgan and Citi in the race to tokenize Wall Street’s settlement rails
Payments will run on the bank’s proprietary blockchain and be routed automatically through its existing client interface.
Dinari brings tokenized U.S. stocks to American investors as equity race heats up
The move brings the custodial tokenization model to eligible U.S. investors as competition over blockchain-based equities intensifies.
BlackRock debuts tokenized access to $311 billion of money market funds in Europe
Earlier this week, BlackRock expanded its U.S. tokenized cash platform which involved offering onchain shares of an existing fund, plus a new daily reinvestment stablecoin fund.
Tokenized stock trading surged 288% in July, but one QQQ token drove most of it
Without that QQQ token, QQQB, July volume for tokenized equities would be roughly $2.03 billion, about 30% below June’s total.
Global banks test tokenized money for cross-border payments in $1 million BIS pilot
Twenty-eight banks, including JPMorgan, Citi and UBS, moved real money across borders in a live test of blockchain-based settlement.
Ondo Finance weighs acquisition worth up to $500 million
The tokenized-assets firm is considering an acquisition valued at $250 million to $500 million as consolidation accelerates across crypto infrastructure.
The traditional 9-to-5 banking day is officially dying, says Morgan Stanley execs
Tokenization and 24/7 markets are reshaping finance, making always-on banking a reality.
BNY targets $8.6 trillion transfer agency market on blockchain rails
The world’s largest custodian will keep its existing system while adding a digital ownership record for tokenized funds.
