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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.
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Intelligence for institutional decision-makers.
Coverage spans the asset, cash and infrastructure layers of tokenized finance.


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


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
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Signals from Tokenized Assets and Onchain Markets
Tokenized funds dominate AUM. Tokenized equities is all about volume. And tokenized commodities are overwhelmingly a gold market.
2 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


SAP Pay Stablecoin Integration: How USDC and EURC Fit Corporate Treasury
SAP Pay is bringing USDC and EURC into corporate treasury workflows, turning stablecoins into another payment rail alongside bank transfers and real-time payments.
2 min read


OKX Raises Fresh Funding at $25B Valuation
OKX’s latest funding round is about more than capital. With ICE, Standard Chartered, Circle and Ripple now strategically aligned with the exchange, OKX is emerging as a potentially important distribution channel for stablecoins, tokenized equities and future onchain financial products.
2 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


Spiko Raises $90M Series B at $800M Valuation
Europe’s largest tokenized cash management startup Spiko just closed a $90M Series B at an $800M valuation.
2 min read


Stripe, Visa, Mastercard, Coinbase & Shopify Back Open USD With $1B
Open USD is testing a different stablecoin playbook. Stripe, Visa, Mastercard, Coinbase and Shopify are committing $1B+ of initial liquidity while sharing reserve economics with the businesses driving adoption.
2 min read


Visa and Lloyds Use Stablecoin for Bank-to-Card-Network Settlement
Visa and Lloyds Banking Group have demonstrated how stablecoins can move beyond crypto-native payments into mainstream institutional settlement.
2 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


Citi Expands Citi Token Services to Japan and UAE
Citi today expanded Citi Token Services into Japan and the UAE, extending its tokenized deposit capabilities across its global institutional banking network. Japan will support USD transactions, while the UAE will support both USD and EUR...
2 min read


Tokenized Stocks Add Another Institutional Market Infrastructure at Scale
Equiniti, Alpaca, Bullish, Apex Fintech Solutions and DriveWealth have formed the Issuer Sponsored Token Coalition, bringing together transfer agency, brokerage, clearing, trading and distribution infrastructure to build the next generation of tokenized public equities.
2 min read


UBS and Mizuho Complete Tokenized Interbank Payments via Swift Ledger
UBS and Mizuho Complete Cross-Border Interbank Payments via Swift Ledger
1 min read


Citi and Coinbase Bring Stablecoin Payments to Corporate Treasury
Citi Partners with Coinbase to bring Stablecoin to Corporate Clients
2 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


BMO, CIBC, National Bank of Canada, RBC, Scotiabank and TD Join Tokenized Deposit Race
BMO, CIBC, National Bank of Canada, RBC, Scotiabank and TD Join Tokenized Deposit Race
2 min read


DBS, OCBC and UOB Complete Tokenized Deposit Transaction on Swift Ledger
DBS, OCBC and UOB have completed live interbank SGD tokenized deposit transactions using Swift’s blockchain-based ledger. The bigger story is not 24/7 payments, but Swift’s attempt to become the common orchestration and interoperability layer connecting tokenized bank money across institutions while final settlement remains on existing rails.
2 min read


Global Tokenized Asset Market Update Q3 2026
Global tokenized asset market grew 290% in last 12 months according to Deutsche Bank Institute. Here are the key trends, signals and what's next...
1 min read


Ondo Finance Joins DTCC's Fund/Serv Platform
Ondo Finance subsidiary Oasis Pro (acquired by Ondo Finance Inc.) has joined The Depository Trust & Clearing Corporation (DTCC)’s Fund/SERV platform.
2 min read


SEC Issues Landmark Exemption to Allow Tokenized Stocks Trading in the US
The US Securities and Exchange Commission (SEC) issues landmark exemption allowing the trading of tokenized stocks. BUT there is a caveat and an unresolved question...
2 min read
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