Core Insights - Figure Certificate Company is launching its SEC-registered security token YLDS on the Sui blockchain, providing regulated yield and direct USD access without traditional crypto exchanges [1][2] - YLDS offers a yield of SOFR minus 35 basis points, backed by short-term treasury securities, distinguishing it from unregulated stablecoins [4][2] - The integration of YLDS with Sui's blockchain enables instant peer-to-peer transfers while adhering to regulatory frameworks [5][6] Company Overview - Figure Certificate Company is registered with the SEC as a face-amount certificate company under the Investment Company Act of 1940, ensuring regulatory oversight for YLDS [2] - The company has submitted letters to the SEC regarding YLDS trading pairs as a settlement mechanism for non-security crypto assets, indicating proactive regulatory engagement [7] Industry Context - The Secured Overnight Financing Rate (SOFR) serves as the benchmark interest rate for dollar-denominated loans and derivatives, having replaced LIBOR in 2023 [3] - YLDS provides a yield-bearing alternative to traditional stablecoins, which typically maintain a fixed one-dollar peg without yielding returns [4][6] - The collaboration between Figure and Mysten Labs aims to connect regulated financial products with blockchain technology, reflecting a trend towards integrating traditional finance with digital assets [6]

ICYMI: S&P Global Ratings partnered with Chainlink to publish its SSAs onchain.The world’s leading credit ratings provider meets the industry-standard oracle platform.S&P Global (@SPGlobal):S&P Global is excited to announce a collaboration between S&P Global Ratings, the world’s leading provider of #CreditRatings, benchmarks and analytics, and Chainlink Labs, the industry-standard oracle platform bringing the capital markets on-chain, to deliver S&P Global Ratings’ https://t.co/JMN9GsEJAF ...

RT CoinDesk Podcast Network (@CoinDeskPodcast)🎮 What if your favorite toys became digital collectibles on the blockchain?On #GenC, @SamEwen chats with @willweinraub, CEO & Co-Founder of @OnChainStudios and @Cryptoys, about the future of play, fandom, and digital ownership.Thanks @Stablecoin 🤙 for being a sponsor of CoinDesk media network. ...

Industry Overview - The global AI market size was $279.2 billion last year and is projected to grow to nearly $3.5 trillion by 2033, reflecting a compound annual growth rate of 31.5% [1] - The demand for AI applications is driving significant investments in infrastructure, particularly in data centers and power supply [2] Company Insights - Applied Digital designs and builds next-generation digital infrastructure for blockchain and high-performance computing applications, with a market cap of $8 billion [4] - The company has secured power sources for its data centers located in North Dakota, benefiting from a cooler climate [6] - Applied Digital's stock has increased by 375% over the past 12 months, outperforming major AI companies like Nvidia and Palantir Technologies, which saw stock increases of 32% and 315%, respectively [6] Market Dynamics - Data center construction has tripled since 2022, driven by the launch of ChatGPT [5] - The U.S. Department of Energy projects that the nation's power grid will require 100 gigawatts of new capacity by 2030, with half of that capacity needed for data centers [5]

Core Insights - BlackRock reported strong third-quarter results with a diluted EPS of $8.43 and adjusted EPS of $11.55, while assets under management increased to $13.5 trillion, reflecting a 17% year-over-year growth [2][3] - The company experienced net inflows of $205 billion, driven by record demand for iShares ETFs, private market products, and digital asset exposure [2][3] - CEO Larry Fink emphasized the firm's commitment to blockchain and tokenization, indicating plans to develop in-house systems for tokenizing traditional securities [4][5] Financial Performance - Revenue rose by 25% to $6.5 billion, although GAAP earnings fell by 23% due to acquisition-related costs [2] - The growth was attributed to broad-based performance across ETF, active management, and alternatives platforms, alongside increased technology service income from the Aladdin platform [3] Digital Asset Strategy - Fink highlighted the potential for rapid growth in the cryptocurrency market and the importance of regulatory clarity to foster innovation in digital assets [4][6] - The initiative to tokenize traditional financial assets aims to improve transparency, liquidity, and efficiency while lowering settlement costs [5][9] Strategic Implications - BlackRock's focus on tokenization could significantly alter capital market operations, positioning the firm as a key player in the transition to blockchain-based systems [6][9] - The integration of tokenized assets into BlackRock's existing management of over $5 trillion in ETFs and $1 trillion in cash management products could bridge traditional finance and digital markets [7][9] Industry Impact - The move towards tokenization is seen as a shift in the architecture of global finance, potentially redefining liquidity, settlement, and market access [9][10] - Fink's endorsement of blockchain technology signals a transition from speculative use to becoming a foundational element of market infrastructure [9]

Core Insights - Citi's Treasury and Trade Solutions (TTS) segment is pivotal in integrating blockchain, tokenization, and programmable money for real-time cross-border liquidity and payments [1][5] - CEO Jane Fraser emphasizes that AI, digital assets, and technology investments are transforming Citi into a more competitive institution [1][3] - The bank reported a 9% year-over-year revenue increase to $22.1 billion, marking its best third-quarter performance in a decade [3][4] Financial Performance - Each of Citi's five core businesses achieved record quarterly revenues, with Services up 7%, Markets up 15%, Banking up 34%, and Wealth strategy yielding record net new investment assets of $18.6 billion [3][4] - U.S. Personal Banking (USPB) also saw a record quarter with revenues increasing by 7% [4] Digital Transformation - TTS has become a focal point for Citi's digital asset strategy, integrating blockchain and programmable money into institutional treasury operations [5][6] - The launch of Citi Token Services facilitates instantaneous cross-border payments and liquidity transfers, replacing traditional correspondent banking steps [6][7] Operational Metrics - Cross-border transaction value rose by 10%, U.S.-dollar clearing volume increased by 5%, and assets under custody reached $30 trillion, up 13% year-on-year [8] - Deposit balances within Services grew by 8% to $893 billion, reinforcing Citi's position as a leading liquidity manager for multinationals [8] Expansion of Services - Citi Token Services has expanded beyond pilot mode, introducing new use cases in cash concentration and automated trade settlement for institutional clients across the U.S. and Europe [9] - The bank is extending tokenization into its Securities Services business, adapting infrastructure for tokenized bonds, funds, and trade receivables [10] Competitive Advantage - The focus on institutional, balance-sheet-backed tokenization sets Citi apart from peers pursuing retail cryptocurrency initiatives [11] - Digitalization enhances Citi's competitive moat, as integrated treasury operations deepen client relationships and drive recurring fee revenue [12]

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RT BSCN (@BSCNews)JPMORGAN PLANS CRYPTO TRADING EXPANSION AMID BROADER BLOCKCHAIN PUSH- JPMorgan is preparing to expand its role in cryptocurrency trading.- In an interview with CNBC, Scott Lucas, the bank’s global head of markets and digital assets, said JPMorgan will move deeper into crypto trading.“Jamie [Dimon] was pretty clear during investor day that we were going to be involved in the trading of that,” Lucas said, referring to JPMorgan’s CEO.Building, Not Replacing- Lucas described the bank’s approac ...

Core Insights - S&P Global Ratings is partnering with Chainlink to provide real-time stability assessments of stablecoins directly on blockchains [1][2] - The assessments score stablecoins from 1 to 5 based on their ability to maintain stable value against fiat currencies, considering factors like asset quality and liquidity [2] - The stablecoin market has grown significantly, reaching a capitalization of $305 billion, up from $130 billion a year ago [3] Company and Industry Developments - S&P currently evaluates 10 stablecoins, including USDT and USDC, focusing on operational and structural stability rather than traditional credit ratings [2] - The integration utilizes Chainlink's DataLink infrastructure, allowing traditional data providers to publish data on blockchains without needing new systems [3] - S&P Global has increased its involvement in the crypto space since 2021, launching crypto indices and issuing risk assessments for tokenized funds and DeFi protocols [4]

Core Viewpoint - AGM Group Holdings Inc. has successfully maintained compliance with Nasdaq Listing Rules, allowing it to continue its listing on The Nasdaq Capital Market as of September 29, 2025 [1]. Company Overview - AGM Group Holdings Inc. is an integrated technology company focused on assembling and selling high-performance hardware and computing equipment [2]. - The company aims to be a significant player in the global blockchain ecosystem, specializing in the research and development of blockchain-oriented Application-Specific Integrated Circuit (ASIC) chips and high-end crypto miners for Bitcoin and other cryptocurrencies [2].