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.
Visa and Mastercard are stitching together the infrastructure for 24/7 stablecoin-funded corporate payments, connecting blockchain transfers, payment orchestration and fiat payouts. But who provides the liquidity that makes funds available in recipients' bank accounts, and who bears the financing cost? Using a $50 million cross-border treasury transaction, we examine the three critical layers of global payments, compare liquidity funding costs against transaction revenues and
In a dramatic reversal, the OCC scrapped Biden-era restrictions that had kept US banks from engaging in stablecoin transactions and crypto custody. Overnight, the stablecoin market’s potential didn’t just grow—it likely 10x’d...
Apollo Global Management teamed up with Securitize to launch a tokenized feeder fund for the Apollo Diversified Credit Securitize Fund ($ACRED), aiming to bring tokenized private credit to institutional and accredited investors...
Standard Chartered is another prominent bank actively engaged in the digital asset space. However, it is not focused on building out its own blockchain infrastructure to support its product offerings
In our previous Onchain Finance GTM Series on geographic adoption of digital assets, we looked at the 10 countries with the highest transaction volume in 2023 as well as the top 10 countries by adoption rate. Of course, the US, given its massive economic size, took the No.1 spot based on transaction volume. But is the US the top market for tokenized USD adoption by adoption penetration? Well from an adoption penetration perspective it is far from the top 10 markets. As a remi
In our last week’s Onchain Finance GTM Series, I broke down digital asset transaction data of the top geographies with the highest transaction volume in 2023. As I was doing tokenization GTM advisory work this week, I was reminded that, in onchain finance, there are additional border lines beyond the physical geographic divide between nations. Not only is the onchain capital separated along national borders, it is also separated along the blockchain network on which it reside
With trillions of dollars transferred annually, tokenized money is the undisputed leader in tokenization adoption—dominating the digital asset space far beyond traditional banking while proving its superiority vs the traditional settlement rail.
Lloyds Banking Group recently published an excellent article on the transformative power of blockchain and tokenization. It was the first time a financial institution put out a paper that non-technical readers can pick up and grasp things intuitively. ..
As the tokenized money market fund's new No.1 player Ondo Finance AUM surged past $464 million this week, the thought of a path towards broader adoption in this nascent but highly important space now has a line of sight...
The biggest tokenization narrative of 2023-24 so far can be summarized in the following 3 stories about stablecoins and yieldcoins (TBills backed cash equivalents)...
BlackRock’s USD Institutional Liqudity Digital Fund or BUIDL has been the talk of the financial press recently. As the first fund management product specifically launched on the blockchain by BlackRock to address the needs of the tokenized world that banking, finance and asset management are moving into, it is a watershed moment for the tokenization space and a massive validation for the utility of blockchains. The realized inflows totalled more than $250mill which blew past
