Tag: Tokenized

Ondo Urges SEC to Delay Nasdaq’s Tokenized Stock Plan

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Ondo Finance urged the US Securities and Exchange Commission (SEC) to delay or reject Nasdaq’s proposal to trade tokenized securities, saying it lacks transparency and could give established market players an unfair edge. In a Wednesday letter to the regulator, Ondo — a blockchain company that issues tokenized versions of traditional assets — said regulators and investors can’t fairly evaluate Nasdaq’s proposal without public details on how the Depository Trust Company (DTC) will handle blockchain settlements. DTC serves as the main depository for US securities and facilitates their post-trade settlement.…

BNY Mellon considers tokenized deposits and blockchain payments

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Key Takeaways BNY Mellon is exploring tokenized deposits and blockchain payments to advance its digital asset strategy. The bank is increasing its involvement in crypto infrastructure, reflecting a wider trend in traditional finance toward blockchain adoption. Share this article BNY Mellon, a major US custodian bank, is exploring tokenized deposits and blockchain-based payments as part of its digital asset strategy. The bank is deepening its involvement in crypto infrastructure by considering tokenized deposits, aligning with broader traditional finance shifts toward blockchain technology. BNY Mellon has partnered with Ripple to provide…

Tokenized Crypto Treasury Companies Magnify Risks of Volatile Assets: Execs

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Digital asset treasury (DAT) companies that tokenize their stocks on the blockchain compound the risks to investors and their own businesses, according to several crypto industry executives. “Blockchains trade 24/7, whereas traditional markets have specific hours of operation,” Kadan Stadelmann, chief technology officer of the Komodo decentralized exchange platform, told Cointelegraph. Sharp onchain price movements that occur outside of traditional market operating hours could lead to a run on the stock of a treasury company that has issued both tokenized and traditional shares, without the company having sufficient time to…

Tether seeks $200M for tokenized gold treasury vehicle

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Key Takeaways Tether and Antalpha are seeking $200M for a digital-asset treasury focused on tokenized gold. The vehicle would stockpile XAUt, Tether’s gold-backed token, highlighting expansion into tokenized commodities. Share this article Tether is working with Antalpha Platform Holding, a financial services firm linked to Bitmain Technologies, on plans to launch a public vehicle focused on tokenized gold, according to a Bloomberg report. The partners are seeking to raise at least $200 million to capitalize the entity, people familiar with the talks said. The proposed vehicle would function as a…

AlloyX Launches Tokenized Money Market Fund on Polygon

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Tokenization infrastructure company AlloyX has launched a tokenized money market fund on Polygon, designed to combine bank-custodied assets with DeFi-native strategies — a move that highlights the accelerating growth of real-world assets (RWAs) on the blockchain. The fund, called the Real Yield Token (RYT), represents shares in a traditional money market fund whose underlying assets are held in custody by Standard Chartered Bank in Hong Kong and subject to regulatory compliance and audits, the company announced. Like a conventional money market fund, RYT invests in short-term, low-risk instruments such as…

CFTC explores stablecoins as tokenized collateral in derivatives

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Key Takeaways The CFTC is exploring the use of stablecoins as tokenized collateral in U.S. derivatives markets, signaling growing integration of digital assets in traditional finance. Caroline D. Pham, Acting Chair of the CFTC, emphasized modernization of derivatives trading using blockchain and tokenized assets. Share this article The CFTC today announced it is exploring the use of stablecoins as tokenized collateral in U.S. derivatives markets, marking a significant step toward integrating digital assets into traditional financial infrastructure. Caroline D. Pham, the Acting Chair of the CFTC, outlined the initiative as…

Kraken Launches Tokenized Stocks By Backed In Europe

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US crypto exchange Kraken is the latest platform to introduce tokenized securities in Europe, following an initial rollout in June. Kraken has officially launched Backed’s tokenized securities offering, xStocks, to eligible European investors, the exchange told Cointelegraph on Wednesday. The European expansion comes months after Kraken teased its tokenized stocks integration with Backed on the Solana blockchain in May, with plans to launch the offering to clients in over 140 countries globally. The initial rollout “essentially covered all countries” except for the US, the United Kingdom, Canada, Australia and the…

Senate Crypto Bill Clarifies Tokenized Stocks Remain Securities

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The US Senate updated its crypto market structure bill on Friday, adding a key provision to clarify how tokenized assets are regulated. The new clause would ensure that stocks and other securities remain classified as securities when tokenized on a blockchain, avoiding potential confusion over whether they should fall under commodities regulation. The distinction is important for digital asset firms working on tokenization. Stocks are already regulated as securities. When tokenized, keeping them as securities confirms they stay compatible with broker-dealer frameworks, clearing systems and trading platforms. “We want this…

Tokenized Equity Product xStocks Launches on Ethereum

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XStocks, a tokenized stock product owned by Backed Finance, is launching on Ethereum with about 60 tokenized stocks, including NVIDIA, Amazon, Tesla, Meta and Walmart, according to an announcement on Tuesday. Before its debut on Ethereum, xStocks had launched on Solana, BNB Chain and Tron. Behind the platform is Backed Finance, a real-world asset (RWA) tokenization company that has been partnering with crypto exchanges, including Kraken and Bybit, to host its product. “Ethereum is one of the world’s most widely adopted smart contract networks — and xStocks were built to…

Pendle Finance Raises $3.5 Million to Launch Tokenized Yield Market

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