Securitize CEO Carlos Domingo said he believes tokenized equities and ETFs, not private credit or Treasury products, will be the asset class that ultimately drives the real-world asset (RWA) market into the trillions. Speaking at a ETHConf panel in New York on Tuesday, Domingo argued that bringing stocks and exchange-traded funds onchain could unlock a…
Ethena continues to deepen its ties with traditional finance, announcing a deal with asset manager Janus Henderson that includes a strategic investment in the protocol’s governance token. Under the agreement, Ethena will allocate and help distribute Janus Henderson’s tokenized funds of collateralized loan obligations (CLO), the protocol said in a Tuesday X post. Meanwhile, Janus…
The Digital Asset Market Clarity Act, which cleared the Senate Banking Committee on May 14, will set the rules of the road for an industry that has grown faster than the laws meant to govern it. Almost everyone agrees that crypto regulation is overdue. But as the bill moves toward a vote on the Senate…
The U.K.’s financial regulator, the Financial Conduct Authority (FCA), proposed allowing certain retail investment funds to hold up to 10% of their assets in cryptocurrency exchange-traded notes (ETNs). The financial regulator made the suggestion for UCITS (“Undertakings for Collective Investment in Transferable Securities”) schemes and some non-UCITS retail schemes (NURS) to invest in crypto ETNs…
Trad.Fi, which lends money to companies buying heavy equipment, said it is working with W3, a developer of AI agents for enterprises, to deploy $650 million in private credit onchain over the next 48 months. The program targets the heavily paper-based U.S. equipment distribution sector, focusing on manufacturing systems, industrial electrical infrastructure and residential solar…
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1708.48, down 1.4% (-23.82) since 4 p.m. ET on Monday. None of the 20 assets are trading higher. Leaders: ETH (-0.6%) and SUI (-0.6%). Laggards: UNI (-2.9%) and AAVE…
The line between traditional finance (TradFi) and crypto is disappearing, with tokenization consistently a dominant narrative of the digital asset industry for a number of years. Edwin Mata, CEO and founder of tokenization platform Brickken, projects that Wall Street will run entirely on blockchain technology by 2030. Mata told CoinDesk that tech industry buzzwords like…
The recovery in bitcoin BTC$63,271.85 stalled Tuesday even after Strategy (MSTR) bought more of the largest cryptocurrency following its end-May sale. Bitcoin was recently trading near $62,600, little changed from Monday. This follows Sunday’s 4% bounce, which briefly took prices above $64,000 on some exchanges, including Coinbase. Strategy, the largest publicly listed bitcoin holder, said…
A popular signal that confirms sustained bullish shifts in market momentum just appeared on the dominance chart for Tether’s USDT, the world’s largest stablecoin by market capitalization. That may not be good news for bitcoin BTC$63,271.85, the largest cryptocurrency. USDT’s dominance rate, which measures its share of the total crypto market cap, is sporting a…
Cardless, a firm that has facilitated credit cards for brands like Qatar Airways and Alibaba, said it developed a payment card in conjunction with crypto exchange Coinbase (COIN) for stablecoin holders who are unable to obtain one through traditional channels. The Coinbase stablecoin-secured product is for situations where a regular credit card cannot be approved…
