Tokenize Everything.
In just the past 24 hours, major stories have broken about legacy players beginning to get involved in tokenization.
BlackRock, the $13T asset manager in the first time ever, has built three portfolios — high-income, diversified growth and high-growth — that Ondo Finance will tokenize, giving investors 24/7 access via crypto wallets.
NYSE and Blockchain.com have agreed to give Blockchain.com users access to tokenized securities through the NYSE's digital trading platform.
ARK Invest and Securitize have brought the $1.3 billion ARK Venture Fund (ARKVX) onchain on Ethereum.
Bitwise asks the big money: Report
Bitwise dropped its first institutional crypto adoption report yesterday, drawing on interviews with investment decision-makers at 15 major institutions. The one big standout datapoint? None reported reducing their allocation through the roughly 50% crypto drawdown, and several bought more. Also, allocations ranged from 0.5% to 13% of investable assets, with most between 1% and 2%. Read more →
US Weighs Initiative to Promote Dollar-Backed Stablecoin Abroad
The Trump administration is considering joint ventures with private companies to promote dollar-backed stablecoins overseas, Bloomberg reports. Treasury, State and the U.S. International Development Finance Corporation could help lead the effort, aimed at strengthening the dollar’s global role and boosting demand for U.S. Treasuries. Stablecoin issuers hold short-term government debt among the reserves backing their tokens, so wider adoption could mean more Treasury buying. No prospective partners were named, and the administration hasn’t confirmed the plans. Read more →
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