By The Same Token: Treasury weighs more T-bills for stablecoins
The Situation A new framing is emerging from the sell-side: if USD stablecoins scale toward $2T outstanding, U.S. Treasury’s financing mix could tilt toward...
By The Same Token: Fed scraps reputation risk in exams
The Situation The Federal Reserve has opened a public comment process to codify the removal of “reputation risk” from its supervisory programs, aiming to...
By The Same Token: BNP Paribas pilots tokenized money funds
The Situation BNP Paribas Asset Management has run a pilot issuing a tokenized share class of a French-domiciled money market fund on public Ethereum, using...
By The Same Token: BitGo, Figure settle tokenized equity trades
The Situation BitGo and Figure just completed what they’re calling the first blockchain-native tokenized equity trades executed on Figure’s Alternative...
By The Same Token: UK taps HSBC Orion for digital gilt
The Situation HM Treasury has selected HSBC Orion as the technology platform for the UK’s Digital Gilt Instrument (DIGIT) pilot, with the issuance expected...
By The Same Token: BNP Paribas pilots tokenized money market fund
The Situation BNP Paribas Asset Management has launched a tokenized share class of a French-domiciled money market fund, issuing the shares on Ethereum via...
By The Same Token: Figure debuts blockchain-native public equity
The Situation Figure just launched FGRD, a tokenized class of its own public equity that it says is SEC-registered and natively issued, traded, and settled...
By The Same Token: SEC clarifies rules for tokenized securities
The Situation The SEC has now put a sharper perimeter around “tokenized securities”: if the underlying instrument is a security, then wrapping it in a token...
By The Same Token: ECB backs euro stablecoins for payments
The Situation Deutsche Bundesbank President Joachim Nagel publicly endorsed euro-denominated stablecoins as a payments instrument, framing them as a...
By The Same Token: Sanctioned stablecoin issuer races to scale
The Situation A U.S.-sanctioned stablecoin issuer is attempting to scale into a “crypto giant” by expanding distribution and liquidity pathways despite being...
By The Same Token: Russia greenlights RWA tokenization framework
The Situation Russia has approved a national framework to tokenize real-world assets—explicitly including property and shares—via a plan developed by the...
By The Same Token: Figure launches on-chain equity trading
The Situation Figure has launched a proposed secondary offering of up to 4.23M shares of its Series A Blockchain Common Stock—a deliberately structured test...
By The Same Token: LSEG builds blockchain-ready settlement platform
The Situation LSEG has announced it will build an on-chain settlement service for institutional investors, the LSEG Digital Securities Depository, designed...
By The Same Token: BlackRock lists BUIDL on Uniswap
The Situation BlackRock’s tokenized Treasury fund BUIDL has been made tradable via Uniswap, through a partnership between Uniswap Labs and Securitize...
By The Same Token: UK taps HSBC for digital bond pilot
The Situation The UK Treasury has tapped HSBC (and law firm Ashurst) to run a digital gilt pilot expected later this year, using HSBC’s Orion blockchain...
By The Same Token: Binance adds Franklin tokenized fund collateral
The Situation Bin-ance has partnered with Franklin Templeton to let eligible institutional clients post tokenized money market fund (MMF) shares as off-...
By The Same Token: Matrixdock brings tokenized gold to Solana
The Situation Matrixdock (Matrixport’s RWA tokenization arm) deployed its tokenized gold product XAUm on Solana on Feb. 9, extending what was previously a...
By The Same Token: Tether buys $150M stake in Gold.com
The Situation Tether’s $150M equity investment in Gold.com is a distribution play: it’s buying a front-end precious-metals merchant to push more flow into...
By The Same Token: ETHZilla tokenizes $4.7M home-loan portfolio
The Situation ETHZilla—best known as an “ETH treasury” vehicle—just crossed the line from crypto balance-sheet management into issuer-led consumer credit...
By The Same Token: Broadridge Uses Stablecoins for Repo Trades
The Situation: Broadridge is moving its Distributed Ledger Repo (DLR) platform toward instant repo settlement using stablecoins, extending tokenization from...