Tokenization Insight Weekly Highlights 2025-10-29

The future of digital assets is being shaped today. Here are the top developments you need to know to stay updated this week:

1. Citi partners with Coinbase to power stablecoin payments for institutional clients

   
   

   Citigroup Inc. and Coinbase Global Inc. are joining forces to expand digital-asset payment capabilities for Citi’s corporate clients.

   
   

   Details & analysis here.

2. Western Union joins the stablecoin race in exclusive partnership with Solana

   
   

   Western Union is set to launch a dollar-backed stablecoin that will let its 100 million users send money across borders without exposure to local currency volatility.

   
   

   The token, called the U.S. Dollar Payment Token (USDPT), will be built on Solana and issued by Anchorage Digital Bank. It’s slated for launch in H1 2026, with access through Western Union’s partner exchanges.

   
   

   Details & analysis here.

   
   

3. IBM expands its tokenisation push with the launch of Digital Asset Haven in partnership with Dfns

   
   

   IBM is scaling its digital-assets strategy by introducing Digital Asset Haven, a new platform tailored for financial institutions, governments and corporations to roll out blockchain-based services. The solution is built in collaboration with crypto-wallet specialist Dfns.

   
   

   Details & analysis here.

4. World's first yen-pegged stablecoin debuts in Japan

   
   

   JPYC, a Japanese startup, began issuing its namesake token, JPYC, fully backed by domestic savings and Japanese government bonds (JGBs), and redeemable 1:1 for yen.

   
   

   Details & analysis here.

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