The market cap of stablecoins & tokenized funds surpasses $330 billion. 🥳@coinbase alone has ~$430 billion of assets on its platform. 🤗Back to work. 🫡 https://t.co/9YtKPwmCwg ...

Tokenization & RWA - BlackRock and Brevan Howard tokenized funds launched on Sei Network [1] - KAIO provides the institutional-grade RWA infrastructure for the launch [1]

Core Insights - Bank of New York Mellon (BK) is testing tokenized deposits to modernize its global payment infrastructure and adapt to the shift towards blockchain-based finance [1][2] - The initiative aims to enable clients to make payments using tokenized deposits, facilitating near-instant settlement and potentially lowering transaction costs [2][3] - BNY Mellon currently processes approximately $2.5 trillion in payments daily [3] Company Developments - Carl Slabicki from BNY Mellon stated that the new technology could help banks overcome legacy constraints, allowing for faster money movement within networks and across the financial system [4] - BNY Mellon is part of a trend among major banks exploring tokenized funds, with JPMorgan and other European banks also engaging in similar initiatives [4] - Over the summer, BNY Mellon collaborated with Goldman Sachs to launch tokenized money market funds for clients [5] - CEO Robin Vince has indicated that BNY Mellon will not pursue crypto deposits as aggressively as some competitors [5]

Tokenized Funds Market - BlackRock is the largest issuer of tokenized funds with its ~$21 亿 (billion) BUIDL money market fund [1] - BlackRock's BUIDL fund is approximately $21 亿 (billion) [1] Technology & Partnerships - Securitize powers the tokenization of BlackRock's BUIDL fund [1] - Wormhole provides interoperability for BlackRock's BUIDL fund [1]

Securitize launches offramp for BlackRock’s BUIDL and VanEck’s VBILL tokenized funds using Ripple's stablecoin https://t.co/kzOn3o4gip ...

🚨 NEW: Ripple stablecoin $RLUSD is now an off-ramp for BlackRock and VanEck tokenized funds via Securitize. https://t.co/iVsRPlpmra ...

Partnerships & Listings - DBS Bank partners with Franklin Templeton and Ripple [1] - Listing Franklin Templeton's U S dollar money market fund token sgBENJI on DBS Digital Exchange [1] - Listing Ripple's U S dollar stablecoin RLUSD on DBS Digital Exchange [1] Services Offered - Providing accredited and institutional investors with trading services [1] - Providing accredited and institutional investors with lending services using tokenized funds and stablecoins [1]

Industry Trend - The industry is observing the potential adoption of stablecoins and tokenized funds by JPMorgan [1]

Market Prediction - Crypto industry is predicted to boom through the merging of DeFi and TradFi [1] - The market cap is expected to reach tens of trillions of dollars [1] - Real-world assets like stablecoins, tokenized funds, equities, and commodities will constitute the majority of the market cap [1]

Tokenized Funds Market - Ondo Finance is the second largest issuer of tokenized funds [1] - BlackRock is the largest issuer of tokenized funds [1]