Industry Collaboration & Interoperability - The financial industry emphasizes establishing an interoperable, multi-chain financial system to avoid fragmentation [1] - Shared ledgers, standards, and governance are crucial for enabling tokenization at scale within the financial system [1] Key Participants - Chainlink Labs, represented by Fernando Vazquez, participated in a panel discussion at Sibos 2025 [1] - Leaders from Swift, BIS (Bank for International Settlements), Goldman Sachs, and Santander also joined the discussion [1]

Key Takeaways - Introduces the Chainlink Digital Transfer Agent (DTA) technical standard, facilitating onchain expansion for transfer agents and fund administrators to support tokenized assets [1] - The DTA technical standard is now live, enabling institutions to streamline tokenized fund operations through automated subscriptions and redemptions, including support for fiat and digital asset settlement [2] - UBS Asset Management, through UBS Tokenize, is the first global asset manager to utilize the Chainlink DTA technical standard [1] Technology and Implementation - The Chainlink DTA technical standard is powered by the Chainlink platform, offering an easy and reliable path for launching onchain transfer agency services while aligning with existing regulatory frameworks [2] - UBS Asset Management is using the DTA standard on Ethereum to automate fund lifecycle workflows like subscriptions and redemptions, enhancing operational efficiency and product composability [3] - UBS uMINT, the token corresponding to UBS Asset Management's tokenized investment fund, is the first smart contract to adopt the DTA technical standard [3] Chainlink Platform Integration - The DTA technical standard is powered by the Chainlink Runtime Environment (CRE) and integrates with multiple standards and services within the Chainlink platform [4] - Includes Cross-Chain Interoperability Protocol (CCIP) to enable multi-chain distribution of tokenized assets [4] - Features Automated Compliance Engine (ACE) to enforce role-based controls and compliance requirements onchain [6] - Incorporates NAVLink Feeds to ensure accurate NAV pricing for tokenized fund subscriptions and redemptions [6] Market Implications - The Chainlink DTA technical standard ensures tokenized funds can operate securely, compliantly, and efficiently at scale as tokenization accelerates [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]

Fourth quarter has always historically been, you know, the best quarter, generally the best quarter for cryptocurrencies. >> Eric Trump of one of the most powerful families in the world is now on record that Q4 will be unbelievable for crypto. >> And I think fourth quarter this year is going to be unbelievable for a host of reasons.So, >> how do you think Bitcoin's going to go. >> And as I share with you this clip, everything will be tokenized. Just understand that the big money, the big players are taking ...

ROUSD Stablecoin & Market Growth - ROUSD exposure is expanding throughout the markets, with Bybit listing ROUSD spot trading pairs [1] - Over 50 million ROUSD were minted on a single day, bringing the total ROUSD value to almost $800 million [3] - Monthly transfer volume of ROUSD increased by 17% in the last 30 days, reaching $425 billion [3][4] - To become a top five stablecoin, ROUSD needs to surpass $46 billion [4] Ripple & UK's Crypto Initiatives - Ripple aims to be a top five stablecoin by the end of the year [2] - The UK is pushing for stablecoin regulations and adoption, given its significant role in the FX market, which sees $44 trillion done in the UK out of a $75 trillion per day market [7][8] - Ripple has 10 job openings in the UK, focusing on institutional DeFi and the XRP ledger [8][9][11] - Ripple launched an initiative following a roundtable discussion in the UK, cooperating with the US on crypto adoption [13] US-UK Transatlantic Task Force & Ripple's Role - The UK and US have formed a transatlantic task force for markets of the future to cooperate on digital assets, stablecoins, tokenization, and cross-border market access [14] - Ripple is positioned to leverage its transatlantic footprint to drive US-UK tech innovation [15] - Ripple advocates for digital asset growth and regulation, recommending stablecoins for cross-border settlement and eligibility of tokenized collateral [23][24]

Had Securitize CEO on the show to discuss BlackRock & VanEck's onchain plans, RLUSD, and the tokenization pitch at large.Sector is hot rn. Good for those interested in institutional capital.https://t.co/m0CdK8eCh2 ...

XRP Market Momentum & Demand - CME Group 的 XRP 期货交易量达到 397,000 份合约[1] - XRP 期货的名义交易额达到 183 亿美元，日均交易额约为 2.13 亿美元，相当于 60 亿枚 XRP [2] - 市场对现货 XRP ETF 的需求可能被低估，期货合约的强劲势头表明了市场对 XRP 的巨大需求 [2][3] DeFi & Staking on XRP Ledger - MXRP 是一种新的收益型流动性质押代币，旨在启动 XRP Ledger 上的 DeFi，为 XRP 持有者解锁高达 10% 的 APY [4][5] - MXRP 在不到 48 小时内成为 XRP Ledger 上的热门资金池，并迅速攀升至第五大资金池 [7] - 一位鲸鱼铸造了价值 8850 万美元的 300 万枚 MXRP，金库容量已达 96%，表明市场对 XRP 收益产品的强烈需求 [8] Institutional DeFi & Tokenization - XRP Ledger 已成为 RWA（Real World Assets）代币化的前 10 名区块链之一，稳定币交易量超过 10 亿美元 [20] - XRP Ledger 的机构 DeFi 路线图包括原生借贷协议和零知识证明，旨在满足机构在链上运营的需求 [21][22] - 机构 DeFi 正在成为现实，XRP Ledger 已巩固其作为全球机构参与者的可信开源结算层的地位 [19] Supply Shock & Future Value - 机构采用的升温可能导致 XRP 供应冲击，目前 Ripple 托管和流动性持有量已占供应量的近 444 亿枚 XRP [15][16] - Purpose ETF 持有 2960 万枚 XRP，3IIQ 持有 4500 万枚 XRP，表明机构对 XRP 的兴趣日益浓厚 [16] - 由于需求增加（包括机构参与、DeFi 锁定和流动性池），XRP 的供应量可能不足，导致价格大幅上涨 [30]

Tokenization & Financial Infrastructure - The future of financial infrastructure will be built through collaboration, not control [1] - Tokenization is about redesigning the market plumbing to be more resilient, transparent, and accessible [3] - If frameworks are right, both individuals and institutions in the United States will benefit for decades [3] Tokenized Equities - Tokenized equities have seen more than 43 亿 (4.3 Billion) in combined CEX and DEX trading volume [2] - Tokenized equities have achieved 7.51 亿 (751 Million) onchain settlement [2] - Tokenized equities have over 30,000 unique holders [2] - Tokenized equities are bringing efficiency, transparency, and 24/7 liquidity to capital markets [2] Exchange Principle - Kraken runs its exchange on the principle of ownership [2] - Users should be able to hold, move, and verify their assets directly [2]

LATEST: ⚡ Ripple's dollar-pegged stablecoin, RLUSD, has been integrated into the BlackRock-backed Securitize tokenization platform, allowing holders of BlackRock’s BUIDL and VanEck’s VBILL funds to offramp into RLUSD. https://t.co/DJWf5RgIjy ...

Stablecoin Integration - Ripple 的美元挂钩稳定币 RLUSD 已集成到 BlackRock 支持的 Securitize 平台 [1] - BlackRock 的 BUIDL 和 VanEck 的 VBILL 基金持有人现在可以 offramp into RLUSD (兑换为 RLUSD) [1]