Morgan Stanley is using DTCC’s Tokenization Service. We examine what is live, what margin and financing workflows require, and where Treasuries and equities could deliver commercial value.
Tokenized assets can move around the clock. This Strategic Edge analysis examines what must happen before that mobility becomes usable institutional collateral.
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.
OKX’s US stablecoin card connects WebBank, Mastercard and Paxos. A $500,000 USDG example shows how tiered rewards and reserve revenue sharing could shape the economics.
ICE invests in Trade[XYZ] to develop regulated US perpetual futures using Hyperliquid. Explore seven market layers and unresolved clearing and collateral questions.
Issuer objections to OKXICE tokenized stocks reportedly rose from 16 to 21, exposing the commercial challenge facing third-party custodial tokenization.
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.
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.
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.
![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_1336,h_1000,fp_0.50_0.50,q_35,blur_30,enc_avif,quality_auto/608dc8_dc8ea91622674823867ce67586cd3bf5~mv2.png)
![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_1160,h_868,fp_0.50_0.50,q_95,enc_avif,quality_auto/608dc8_dc8ea91622674823867ce67586cd3bf5~mv2.png)
