top of page

MARKET INTELLIGENCE
Explore institutional digital-asset intelligence.
Access open research, Strategic Edge member analysis and institutional reports across the asset, cash and infrastructure layers of tokenized finance.
01 / INTELLIGENCE PRODUCTS
Choose the depth your decisions require.
02 / FEATURED
Intelligence for institutional decision-makers.
Coverage spans the asset, cash and infrastructure layers of tokenized finance.


Tokenized Collateral: From Mobility to Usability
Tokenized assets can move around the clock. This Strategic Edge analysis examines what must happen before that mobility becomes usable institutional collateral.
11 min read


Visa Stablecoin Monetization Flywheel: How $25B in Settlement and 5M Cards Drive Revenue
Visa stablecoin monetization spans card network fees, payment orchestration and issuance infrastructure. With settlement surpassing a $25 billion annualized run rate, we examine where Visa already earns revenue, where new fee pools could emerge, and what remains undisclosed.
10 min read


Onchain Vaults: Connecting Tokenized Assets with Securities Financing
How crypto vaults are evolving from DeFi lending pools into capital allocation and securities financing infrastructure—and what institutions need next.
11 min read
03 / TOPIC HUB
Follow the institutional market by theme.
01
02
03
04


Tokenized Collateral: From Mobility to Usability
Tokenized assets can move around the clock. This Strategic Edge analysis examines what must happen before that mobility becomes usable institutional collateral.
11 min read


Ripple, C2FO and BNY: Stablecoins Meet Tokenized Trade Finance
Ripple, C2FO and BNY connect stablecoin settlement, working-capital origination and institutional custody, with tokenized corporate receivables as the longer-term opportunity.
2 min read


Standard Chartered: 24/7 Tokenized Deposits and Cross-Bank Settlement
Standard Chartered’s Hong Kong tokenized deposit service and HKMA’s EnsembleTX upgrade connect 24/7 interbank settlement with corporate treasury and tokenized investments.
1 min read


Binance Hack: What It Means for Institutional Digital Asset Custody
Binance's suspected multibillion-dollar hack exposes a critical gap in institutional digital asset custody. Beyond safeguarding private keys, institutions need asset-freezing capabilities, insurance, financial loss protection and clear accountability. Could bank custodians such as Citi and Standard Chartered hold the competitive advantage?
1 min read
![ICE invests and partners with [trade]xyz to bring Hyperliquid perps to US](https://static.wixstatic.com/media/608dc8_dc8ea91622674823867ce67586cd3bf5~mv2.png/v1/fill/w_334,h_250,fp_0.50_0.50,q_35,blur_30,enc_avif,quality_auto/608dc8_dc8ea91622674823867ce67586cd3bf5~mv2.webp)
![ICE invests and partners with [trade]xyz to bring Hyperliquid perps to US](https://static.wixstatic.com/media/608dc8_dc8ea91622674823867ce67586cd3bf5~mv2.png/v1/fill/w_290,h_217,fp_0.50_0.50,q_95,enc_avif,quality_auto/608dc8_dc8ea91622674823867ce67586cd3bf5~mv2.webp)
ICE and Trade[XYZ]: Hyperliquid Perpetual Futures to Regulated US Markets
ICE invests in Trade[XYZ] to develop regulated US perpetual futures using Hyperliquid. Explore seven market layers and unresolved clearing and collateral questions.
2 min read


DTCC Tokenization Service: What’s Live and What’s Next?
DTCC has officially launched its Tokenization Service, marking a major milestone in bringing blockchain technology into the heart of US securities infrastructure.
1 min read


Onchain Vaults: Connecting Tokenized Assets with Securities Financing
How crypto vaults are evolving from DeFi lending pools into capital allocation and securities financing infrastructure—and what institutions need next.
11 min read


S&P Global Is Building an Onchain Risk Intelligence Stack
S&P Global's acquisition of OpenZeppelin and strategic investment in Kaiko reveal an emerging onchain risk intelligence stack spanning financial, technology and market risks.
1 min read


OKXICE Tokenized Stocks: 21 US Companies Object
Issuer objections to OKXICE tokenized stocks reportedly rose from 16 to 21, exposing the commercial challenge facing third-party custodial tokenization.
1 min read


Tokenized Deposit Interoperability: The $2 Trillion Interbank Settlement Challenge
The Clearing House and Quant are bringing tokenized-deposit interoperability to America's $2 trillion-a-day wholesale payment infrastructure. We examine CHIPS's 26:1 liquidity efficiency, Swift's global connectivity advantage and why Fnality's common settlement asset could reshape institutional payments, securities settlement and collateral mobility.
6 min read


16 Issuers Reject OKX–ICE: Is Third-Party Stock Tokenization Dead on Arrival?
Sixteen companies have objected to OKX–ICE tokenized stock trading, challenging the commercial viability of third-party custodial tokenization. Meanwhile, bStocks, xStocks and Ondo demonstrate growing demand for alternative models.
2 min read


Tokenized Collateral: The Funding Layer Unlocking 24/7 Corporate Payments Liquidity
How tokenized Treasuries and MMFs could fund 24/7 corporate payments AND why settlement timing and revenue capture determine the economics.
9 min read


Standard Chartered Expands Digital Asset Custody to Singapore
Standard Chartered is expanding its institutional digital asset custody footprint to Singapore, its fourth major market alongside Luxembourg, Hong Kong and the UAE. The move highlights two increasingly important dimensions of institutional digital asset competition: vertical product capabilities across stablecoins, payments, tokenisation and crypto ETFs, and geographic coverage across key financial hubs.
1 min read


UK DIGIT Bond: Government Completes Structure for First Digitally Native Gilt
UK Government has now assembled the core market structure for DIGIT, its first digitally native sovereign bond. With six Joint Lead Managers, HSBC Orion as issuer DSD and LSEG B3 as investor DSD, the pilot is moving from design into execution and could become a major test of interoperable digital securities and cash settlement infrastructure.
2 min read


NYSE's Parent ICE and OKX Test Which Tokenization Model Can Scale US Equities Fastest
NYSE parent ICE and OKX are preparing to launch one of the first large-scale tests of the SEC’s third-party custodial tokenization model for U.S. equities. The structure could help determine which tokenization model scales public stocks onchain the fastest.
12 min read


HSBC's Largest Digital Bond Issuance: One Transaction, Multiple Layers of Interoperability
Hong Kong’s HK$20 billion digital green bond offering on HSBC Orion reveals what scaling tokenised capital markets requires: bank money that works across institutions, dependable interbank settlement and payment linked to bond delivery. We unpack the infrastructure and what remains before it can operate around the clock.
8 min read


ANZ, BHP, Citi and Swift Complete Corporate Treasury Payment Using Tokenized Deposits
ANZ, BHP, Citi and Swift have demonstrated how tokenized commercial bank deposits can support live, 24/7 cross-border corporate treasury payments.
2 min read


Tokenized Payments Are Becoming Enterprise Software: Who Wins the Infrastructure Market
Tokenized payments are becoming enterprise software. Where can infrastructure providers build scale and capture market share—and what will customers pay for? This Strategic Edge examines how interoperability, integration and distribution shape competition, and how providers can translate connectivity into payment, liquidity and treasury products that meet customer demand.
9 min read


BlackRock Brings Model Portfolio Onchain with Ondo Partnership
Investing is moving onchain as BlackRock makes three model portfolios available for blockchain distribution in partnership with Ondo Finance...
2 min read


NYSE Partners With Blockchain.com to Distribute Tokenized Stocks and ETFs
NYSE’s partnership with Blockchain.com adds an important piece to its emerging tokenized equities strategy: crypto-native distribution. As Nasdaq and NYSE build competing digital market infrastructure, distribution, liquidity and control of the end-user relationship are becoming critical battlegrounds.
2 min read
06
05
bottom of page