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IMF on Tokenized Finance
IMF: Tokenization is NOT digitization 2.0 - it is a structural redesign of liquidity dynamics, governance, and systemic risks.

Harvey
2 days ago2 min read


Federal Reserve Bank of Atlanta on Stablecoins
Federal Reserve Bank of Atlanta: Stablecoins are not “new money” structurally. They are a repackaging of narrow banking using blockchain rails but with more moving parts.

Harvey
6 days ago1 min read


EBI drops stablecoin regulation comparison for UK, US and EU
Stablecoin regulation comparsion between US, EU, UK

Harvey
Apr 12 min read


Nasdaq on Tokenized Collateral: P&L impact is BIGGER than most realize
Nasdaq on Tokenized Collateral: P&L impact is BIGGER than most realize

Harvey
Mar 251 min read


Moody's Ratings publishes stablecoin risk framework. Key takeaways
Moody's Ratings publishes stablecoin risk framework. Key takeaways

Harvey
Mar 241 min read


Tokenized Stocks: Nasdaq vs Onchain Markets
The most important tokenization development this week is the SEC’s approval of Nasdaq’s tokenized stock plan. It reveals three critical principles shaping how the SEC, Nasdaq, and DTC view the future of tokenized equities...

Harvey
Mar 215 min read


Stablecoin Bank Charters: The Battle Reshaping US Banking
One particularly important but largely underreported development in the stablecoin space has been the granting of national trust bank charters by the Office of the Comptroller of the Currency (OCC) to stablecoin and digital asset firms.

Harvey
Mar 115 min read


Onchain Vaults: the New Capital Aggregator for Onchain Finance
Rather than selecting individual tokenized funds or standalone Treasury products, investors are increasingly allocating capital through a new investment management wrapper: vaults.
Capital flowing into vaults surpassed $6B last year, with projections suggesting that figure could double by the end of 2026.

Harvey
Feb 225 min read


€1.1T Stablecoin's Balance Sheet Cost for Banks
Stablecoin's balance sheet cost for European banks

Harvey
Feb 65 min read


Stablecoin Card Payments Economics at Scale: Who Gets Paid and By How Much?
Stablecoin card payment grew 1,500%. So who gets paid and by how much? Here is the breakdown.

Harvey
Jan 215 min read


2026 Tokenized Money Market Fund Outlook (part 1)
2026 Tokenized Money Market Fund Outlook: part 1. What drove BlackRock's 40% AUM decimation? And what does it reveal about the tMMF market in 2026?

Harvey
Jan 134 min read


2026 Tokenized Bank Deposit Outlook
2026 Tokenized Bank Deposit Outlook from Kinexys JPMorgan

Basak Toprak
Dec 9, 20254 min read


Tokenized bank deposits: solving the $120B transactional banking problem
Corporate treasurers move more than $23 trillion dollars across borders every year, equivalent to a quarter of global GDP. Yet the underlying infrastructure that supports this flow is outdated, fragmented and expensive. The result is a cost burden of roughly $120 billion dollars per year on cross-border payments alone per JPMorgan’s report . These costs are fed through multi-layered correspondent banking chains, trapped liquidity, opaque FX spreads, time-zone driven delays a

Harvey
Nov 26, 20254 min read


The Stablecoin Banking Disruption: $30B onchain platform goes after consumers and SMEs
$30B onchain platform goes after consumers and SMEs

Harvey
Nov 20, 20254 min read


The rise of stablecoin cards and how banks and PSPs can monetize
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

Harvey
Nov 12, 20253 min read


Tokenized Money Market Funds are Ready for Institutional Prime Time
70 institutions, 6 tests, 1 conclusion: tokenized MMF is ready for at-scale institutional adoption as it unlocks trillions. Find out more

Harvey
Nov 7, 20253 min read


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

Harvey
Oct 29, 20252 min read


The Next Big On-Ramp for Digital Assets? Retailers
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

Harvey
Oct 22, 20253 min read


How does tokenization gain institutional legitimacy?
How does tokenization gain institutional legitimacy?

Harvey
Oct 15, 20254 min read


The stablecoins and tokenized deposits future according to Citi Institute
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.

Harvey
Oct 1, 20254 min read
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