BlackRock, the world’s largest asset manager, has expanded its tokenized cash platform, introducing a couple of new tokenized money market products, the firm said on Monday. Back in May of this year, BlackRock filed for the new products with the U.S. Securities and Exchange Commission… Read More
Trading volume for tokenized stocks and ETFs surged 288% to a record $11.3 billion in July, though most of the increase came from a single Binance-linked token. Binance bStocks accounted for $9.41 billion, or 83.3% of the total, according to CoinDesk Data’s latest Stablecoins &… Read More
Some of the world’s biggest banks have completed real cross-border payments using tokenized money in a test led by the Bank for International Settlements (BIS), another sign that tokenization is moving into the plumbing of global finance. Project Agorá, which brings together five central banks… Read More
Total value locked has roughly tripled since mid-July to about $312 million, according to DefiLlama, and Robinhood Chain is now clearing more than $600 million in daily decentralized-exchange volume, putting it among the more active networks in crypto. Robinhood Chain’s locked value has more than… Read More
DTCC safeguards more than $114 trillion in securities, making it one of the most important pieces of financial market infrastructure. Every day, it records ownership and settles transactions involving stocks, bonds and other securities. Rather than creating new digital assets, DTCC’s system converts existing securities… Read More
The opportunity has drawn growing interest across Wall Street. Citi projected that tokenized securities could reach $5.5 trillion by 2030, while Boston Consulting Group and Ripple estimated the market could grow to $18.9 trillion by 2033. “We have long said that public equities are moving… Read More
