US Bancorp, Klarna, S&P Global Ratings, Tether, Amundi and more are making waves in the market. Here is what you need to know in 30s.

Top institutional tokenization developments you need to know...

According to the latest Artemis report , stablecoin payments volume has grown +70% from an annual run-rate of $72B in Feb 2025 to $120B in Aug. And stablecoin-linked card payments have emerged as a main payment category with $10B annually .  The appeal is simple: users want to spend digital dollars in the real world , seamlessly, via Visa or Mastercard rails.  In fact Visa has made stablecoin card payments a digital asset priority. On its Q3 2025 earnings call, Visa has revea

The future of digital assets is being shaped today. Here are the top developments you need to know to stay updated this week 👇  1️⃣ Citadel and Fortress Investment Group take $500M stake in Ripple at $40B valuation Ripple has secured $500 million from Ken Griffin’s Citadel Securities and Fortress Investment Group, valuing the firm at $40 billion, a clear signal that Wall Street’s elite are betting on the future of onchain finance.   Details & analysis here . 2️⃣ Standard Cha

70 institutions, 6 tests, 1 conclusion: tokenized MMF is ready for at-scale institutional adoption as it unlocks trillions. Find out more

JPMorgan, Citi, Mastercard, Coinbase are all making big moves in digital assets... What happened? Find out here.

What are the drivers, opportunities and challenges with asset management tokenization?

CNBC recently reported that OnePay Cash , majority owned by Walmart and fully integrated with Walmart’s digital and physical channels, is launching crypto trading and custody via partnership with Zerohash, a crypto infrastructure firm. And that users will be able to pay using crypto at Walmart. This move isn’t about speculation. It signals a broader transformation where consumer fintechs and large retailers are merging into a single ecosystem: one that blends commerce, bankin

Digital assets and tokenization are expected to revolutionize the global financial system and enable new capabilities, liquidity, and opportunity for financial services firms. Most people think if blockchain can enable real-time DvP technologically, then institutions can just plug in, click YES and we have tokenized markets in securities lending, margin collateral, and repo. Unfortunately that is NOT how things work. Blockchain is the technology unlock. But we need unlocks ac

Citi Institute published its annual stablecoin report. It has done such a great job at articulating the digital money revolution, I am going to dedicate this Weekly Research note to unpacking and contextualizing its top 3 takeaways. Instead of reading all 54 pages, here’s 3 key highlights distilled into 3 mins for you: Stablecoins may be especially useful for digital-native firms, retail users, and frontier markets. For developed markets where instant payments already exist,

Tokenized money market funds (MMFs) are reshaping global finance. With 7,000%+ growth since 2023, they are the fastest growing tokenized asset class. But here’s the catch: the majority of the money invested are from crypto-native investors instead of institutional investors. So what will unlock institutional capital at scale? 👇  Archax  is pointing the way with its tokenized Aberdeen Liquidity Fund (AAULF):   Fully regulated (product, issuer & distribution platform) AAA-rate

Welcome to Part 2 of the Why Tokenized Deposits Are a MUST for Every Bank  series. Stablecoins have proven to be  a powerful digital innovation for cross-border payments , especially in emerging market corridors where banking and payment infrastructure is underdeveloped. But they also pose a serious risk to traditional banking. The U.S. Treasury Borrowing Advisory Committee has warned that as much as $6.6 trillion or around 40% of U.S. retail deposits could migrate into stabl

Stablecoin could pull $6.6T deposit out of the banking system. This is an extinction level threat. Time for banks to get competitive. Here is how.

While the headline out of Washington last week was the SEC’s SuperApp policy framework , the quiet story that flew under the radar was Circle President Heath Tarbert’s visit to Korea - meeting with the central bank governor, the country’s largest banks, and top exchanges. Why does this matter? I’ve been saying for some time: the future of stablecoins is multi-currency. With Korea’s Digital Assets Basic Acts (DABA), a regulatory framework equivalent to the U.S. GENIUS Act, nea

Circle, the largest regulated USD stablecoin issuer, posted blockbuster Q2 2025 results last week: USDC supply: +90% YoY Revenue: +53% YoY Adjusted EBITDA: +52% YoY Launching Arc, a payment-focused and privacy-enabled Layer-1 blockchain But buried beneath the headlines is the real strategic move of the quarter: the launch of the Circle Payments Network (CPN) . CPN is Circle’s global regulated stablecoin clearing solution . It combines: Cross-border orchestration with cross-ch

While policymakers around the world are making pro-crypto pivots worth celebrating, a quiet shake-up just hit the heart of the tokenized money market fund (tMMF) space. The entire space saw close to $1B outflow in the past 30 days . Even BlackRock’s BUIDL - the largest tokenized MMF in existence - has seen over $400M in outflows in just past two weeks , wiping out 14% of its AUM . That scale of redemption is anything but normal. What’s going on? One word: rotation. If you are

Last week we broke down 4 (Coinbase, Robinhood, Block and CME Group) of the top 8 US public companies with significant digital asset revenue in the exchange business and the powerful underlying business growth trend.  This week, we shift the spotlight to the other 4 leaders driving revenue through Stablecoins, Asset Management, and Bitcoin Treasury  strategies. Here’s what we’ll unpack: How big are they? What trends are driving growth? Who’s likely to join them next? Let’s d

With President Trump signing the GENIUS Act into law, many are celebrating a new era for crypto. But here's the real question: what kind of digital assets are truly mainstream today? Here is a powerful signal. Block (formerly Square) is added to the S&P 500, replacing Hess Corp, an oil & gas giant.   That is a metaphor for our time: the world used to run on physical oil. Now it runs on digital rails. And Block is in the business of digital asset exchange facilitation and Bitc

According to projections from Standard Chartered, BCG, and others, the stablecoin market is on track to reach $1T–$3T  in the next five years. That’s $750B–$2.75T  in fresh USD inflow waiting to be onboarded from fiat into stablecoins.  Now ask yourself: What’s a great business to be in when that much money wants to move onchain? One that takes a 2% fee  on every transaction across that flow. Welcome to the onramp game. It’s no surprise then that fiat onramps have already bir

Tokenized stocks exploded onto the scene with a mix of fanfare and controversy this week, as global neobrokers and crypto exchanges, including Robinhood, Kraken, ByBit, and Gemini, rolled out tokenized versions of household names like Nvidia, Apple, and flagship ETFs such as iShares S&P 500 and SPDR S&P 500. Suddenly, over 100 million crypto users and retail traders  worldwide can now gain exposure to assets once confined to traditional brokerages. A new tokenization category