Sonic Labs taps Frax infrastructure for native network stablecoin
Sonic Labs' USSD stablecoin is backed by tokenized Treasuries products from BlackRock, WisdomTree, and Superstate.
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Sonic Labs' USSD stablecoin is backed by tokenized Treasuries products from BlackRock, WisdomTree, and Superstate.
The initiative is geared towards modernizing processes including corporate actions, shareholder engagement and proxy voting.
Bitmine Immersion Technologies has increased its ether treasury to 4.535 million ETH — about 3.76% of total supply.
Nasdaq has partnered with Kraken’s parent company Payward to build infrastructure linking tokenized equity markets with blockchain networks.
Nasdaq and Kraken will enable tokenized equities to move between regulated and onchain markets while preserving issuer rights and regulatory compliance.
Nasdaq plans to work with Kraken to distribute tokenized versions of public stocks globally as the exchange pushes to bring blockchain infrastructure into traditional markets.
The roughly $26 billion in tokenized assets onchain today “is really just the proof of concept,” said BTC Markets CEO Lucas Dobbins.
Tokenized crude oil futures saw their largest liquidation event on crypto venues as the conflict expanded to Saudi Arabia and Gulf oil production collapsed.
Treasurys, private credit, and commodities are driving growth, but most tokenized assets remain isolated from DeFi markets.
A pilot involving the central bank and major financial institutions tested whether distributed ledger infrastructure could streamline bond issuance, trading and settlement.
Stress in the $3.5 trillion private credit market could ripple into digital assets through both macro contagion and tokenized credit markets, experts warn.
The new onchain trading engine from the xStocks platform enables trading of more than 70 tokenized equities across Ethereum and Solana.