Market Overview - Ether dropped more than 3% while Bitcoin slightly increased, maintaining the $90,000 level, as US equities pulled back [2] - For the week, Bitcoin and Ether saw gains of under 1% and nearly 1.5% respectively, while XRP fell under 2% [2] Legal Developments - Doan, co-founder of Terraform Labs, was sentenced to 15 years in prison for orchestrating a $40 billion fraud related to the failed stablecoin TerraUSD [3][4] - In addition to the prison term, he was ordered to forfeit over $19 million from his illegal activities [5] Prediction Markets Coalition - A coalition for prediction markets has been formed, including members like Crypto.com, Coinbase, and Robinhood, aiming to promote safe access to these markets [6] - The coalition reported nearly $28 billion in combined trading volume through October [6] Tokenization Services - The Depository Trust and Clearing Corporation (DTCC) received a no action letter from the SEC, allowing it to offer tokenization services for real-world assets for three years [9][10] - The initial focus will be on tokenizing the Russell 1000 index, treasuries, and ETFs tracking major indices like the S&P 500 and NASDAQ 100 [19][20] Industry Engagement - DTCC aims to engage with member firms to explore blockchain needs and client demands, leveraging the regulatory clarity provided by the SEC [25][30] - The industry is in a discovery phase regarding the integration of blockchain technology, with a focus on maintaining the integrity of the financial services system [29][31]

dtcc processes $2.5 quadrillion annually and just got sec clearance to tokenize stocks, bonds, treasuries. deployment h2 2026. whichever chain they select for settlement captures billions in fees from $50t in us equities alone. state street's $200m on solana is pocket change. dtcc's chain selection is the $50t endorsement that reprices everything. ...

The @SECGov & @SECPaulSAtkins are leading the way & committed to modernizing U.S. financial markets so participants can benefit from the security & efficiency tokenization provides.We’re committed to powering the infrastructure that brings the U.S. financial system onchain.Paul Atkins (@SECPaulSAtkins):As I told @MariaBartiromo last week, U.S. financial markets are poised to move on-chain. Under my leadership, @SECGov is prioritizing innovation and embracing new technologies to enable this on-chain future, ...

LATEST: ⚡ The Depository Trust & Clearing Corporation has been authorized by the SEC to launch a new regulated service to tokenize RWAs custodied by its Depository Trust Company subsidiary, with the goal of rolling it out in the second half of 2026. https://t.co/Y0gizd1ucS ...

Core Insights - Bybit has launched BYUSDT, a proprietary token that allows users to tokenize their USDT Flexible Easy Earn balances for margin trading while still earning daily yield [1][2] Group 1: Product Features - BYUSDT enables Bybit VIP account holders to tokenize their staked USDT for 1:1 margin trading, allowing seamless swaps between BYUSDT and USDT Flexible Easy Earn accounts without fees [2] - The token accrues rewards hourly with daily payouts, enhancing the user experience [2] - Bybit's offering is unique in the centralized exchange space, as it integrates directly with the platform's staking rewards program [3] Group 2: Competitive Landscape - While similar products exist, such as those from Derebit and Kraken, Bybit's approach combines margin trading with a comprehensive rewards platform, unlike Kraken which limits margin trading to specific rewards [4][5] - Bybit's capital efficiency allows users to earn yields on staked USDT while maintaining liquidity for trading, addressing a common dilemma faced by traders [5] Group 3: Strategic Partnerships - Bybit is focusing on the stablecoin market, particularly through its partnership with Circle to enhance USDC liquidity across various markets and services [6][7] - The partnership aims to improve fiat-to-crypto on/off-ramps and expand USDC integration within Bybit's ecosystem, including services like Bybit Card and Bybit Earn [7]

Tokenization has been one of the biggest subjects that we have talked about on this channel and I really do think that most people are underestimating how much value this will bring to a lot of these public blockchain networks and how that will affect the underlying network uh token. And you know again I've mentioned this in the past as well when it comes back to even XRP or even XLM. I've mentioned that as we do start to see more and more value flooding on chain in tokenized form demanding to be moved 247 ...

⚡️ INSIGHT: BeatSwap is building infrastructure for IP rights as onchain assets.The platform uses an oracle registry and tokenization tools to bring IP rights onchain, with a dedicated DEX for rights trading powered by BTX. The token recently launched on several exchanges.Tokenized IP aims to improve licensing efficiency.[Brought to you by @BeatXswap] ...

Core Insights - Tether is considering tokenizing its stock to provide liquidity for investors and is aiming to raise $20 billion at a $500 billion valuation [1][4] - A shareholder expressed interest in selling at least $1 billion worth of equity at a $280 billion valuation, raising concerns among management about potential impacts on fundraising efforts [2] - Tether's valuation ambitions would place it among the most valuable private companies globally, comparable to OpenAI and SpaceX [4] Company Developments - Tether's management is taking steps to prevent unauthorized sales of equity, emphasizing the importance of following established processes led by Tier 1 global investment banks [3] - The company has seen its USDT stablecoin reserves grow to approximately $186 billion, an increase of $46 billion over the past year [5] - Tether's closest competitor, Circle, went public at a $6.9 billion valuation, which has generated interest in the stablecoin market [4] Investment Interest - Companies like SoftBank and Ark Investment Management are reportedly considering investments in Tether [5] - Tether has not yet provided a timeline for a potential public offering, indicating that strategic decisions are still in development [5]

🇵🇰 JUST IN: Pakistan signs an MoU with Binance to explore tokenizing up to $2B in sovereign bonds, T-bills, and commodity reserves. https://t.co/ktqsLiK9F2 ...

Core Insights - Galaxy Digital has successfully completed its first tokenized commercial paper issuance on the Solana blockchain, facilitated by JPMorgan, with the transaction announced on December 11 [1][2][5] - The commercial paper was purchased by Coinbase and Franklin Templeton, marking a significant step in institutional adoption of tokenization [1][4] - The issuance and redemption process for the commercial paper utilized Circle's USDC, showcasing the integration of stablecoins in traditional finance [2][5] Group 1 - Galaxy Digital's recent commercial paper offering represents its ongoing exploration into tokenization, following previous initiatives such as issuing Class A Common stock as Solana tokens [2] - JPMorgan played a crucial role in creating the token and facilitating the delivery-versus-payment settlement for the commercial paper [2] - The transaction is seen as a validation of the tokenized structure by early institutional investors, with Coinbase also providing wallet services for the notes [4] Group 2 - The issuance of tokenized commercial paper is gaining traction, with other institutions like OCBC also engaging in similar initiatives, having issued a $1 billion tokenized commercial paper program using JPMorgan's Kinexys platform [3] - Coinbase's involvement in the transaction highlights the growing acceptance of public blockchain technology within institutional finance, as noted by Coinbase Institutional Co-CEO Brett Tejpaul [4]