Key Takeaways Tokenized finance is no longer a technical experiment but an early-stage infrastructure shift. Institutions that engage early gain influence over future standards for custody, compliance, and interoperability. The long-term winners will be platforms that combine regulatory trust, cross-chain connectivity, and seamless user experience. Tokenization is no longer a question of if. It’s a question of who. Across Wall Street, crypto, and global finance, traditional assets—from U.S. Treasu ...

F/m Investments has asked US regulators for permission to record existing shares on a blockchain, turning a slice of the Treasury market into a proving ground for tokenized ownership. Bloomberg's Isabelle Lee discussed the story on "Bloomberg ETF IQ" with Katie Greifeld and Scarlet Fu. ...

SCARLET: WELCOME TO "BLOOMBERG ETF IQ." KATIE: WE SURVIVED IN THE SNOWSTORM. WE MADE IT IN BECAUSE WE NEED TO BRING YOU THE BIGGEST STORIES IN THE NEARLY $19 TRILLION GLOBAL ETF INDUSTRY. WE KICK CUP A BUSY WEEK WITH EQUITIES RISING AT TECH EARNINGS AND GOLD TOPPING $5,000 NOW FOR THE FIRST THAT THOUSAND DOLLARS AN OUNCE FOR THE FIRST TIME.SCARLET: WE WILL BEGIN TO FLOWS AND VOLUME INTO ETF'S. KATIE: AND THE ISSUER BEHIND T-BILL AS A PROPOSAL PULLING ONE OF WALL STREET'S MOST REGULAR ASSET CLASSES INTO THE ...

Tokenized Financial Infrastructure - The index provides exposure to companies involved in tokenized financial infrastructure, including stablecoin issuers and tokenization platforms, with top holdings such as Nu Holdings Ltd. and Coinbase Global, Inc. [1] - Tokenized U.S. Treasuries have grown into a multi-billion-dollar market, with nearly US$10 billion issued on-chain, indicating significant potential for long-term growth [2] Regulatory Developments - The Canadian government is introducing new legislation to regulate fiat-backed stablecoins, requiring issuers to maintain adequate reserves and implement risk management frameworks [3] - Stablecorp Digital Currencies Inc. announced that its QCAD digital token is the first Canadian dollar-linked stablecoin to receive regulatory approval, highlighting the shift towards tokenization in financial technology [4] ETF Market Expansion - Harvest Portfolios Group Inc. has expanded its U.S. single-stock ETF lineup with six new funds, employing an active covered call writing strategy and leveraging around 25%, bringing its total to 25 U.S. single-stock ETFs [6][7] - Hamilton Capital Partners Inc. launched two new ETFs, including the HAMILTON CHAMPIONS U.S. Technology Index ETF, which aims to replicate the performance of a specific technology index with top holdings like Alphabet Inc. and Apple Inc. [8] Fund Closures - RPIA is closing its RP Target 2026 Discount Bond Fund, with liquidation expected to occur in an orderly fashion by March 24 [11] - Existing unitholders have the option to switch to another RPIA mutual fund or redeem their units until March 20, with waived short-term trading fees [12]

Regulatory Framework - South Korea is tightening regulations on crypto platforms, using app stores as a means of enforcement to distinguish between compliant digital finance and unregistered crypto activities [1] - The National Assembly has passed amendments to the Capital Markets Act and the Electronic Securities Act, establishing a legal framework for tokenized securities across various financial products [2] - The Financial Services Commission will lead the implementation of these laws, which are set to take effect in January 2027 after a one-year preparation period [3] Tokenized Securities - The new framework defines security token offerings as securities under the Capital Markets Act, with issuance and distribution information recorded on a blockchain-based distributed ledger [2] - This regulatory framework is expected to enhance the use of smart contracts and facilitate distributed ledger-based securities and account management [3] Enforcement Measures - Google Play has introduced new restrictions for crypto apps in South Korea, requiring crypto exchanges and wallet providers to register as virtual asset service providers with the Financial Intelligence Unit to remain listed [4] - Starting January 28, 2024, Android users in South Korea will be unable to download or update apps from unregistered overseas exchanges, effectively blocking major global platforms like Binance and Bybit [5] - As of Q3 2025, Android users account for over 80% of the South Korean market, making these restrictions a significant enforcement tool [6]

Core Insights - State Street has launched its Digital Asset Platform, which aims to bridge traditional and digital finance, providing a secure infrastructure for tokenized assets [1][4] - The platform is designed to support the development of tokenized Money Market Funds, ETFs, and cash products, including tokenized deposits and stablecoins [1][4] Group 1: Platform Features - The Digital Asset Platform includes wallet management, custodial, and cash capabilities, facilitating tokenized product development across various jurisdictions [3] - Enhanced security and operational compliance controls are integrated with existing systems, ensuring secure access for institutional clients [3] Group 2: Strategic Importance - The launch signifies a shift from experimentation to practical, scalable solutions that meet high security and compliance standards [4] - The platform is built on a client partnership model, allowing for ongoing evolution in response to market needs and regulatory expectations [4] Group 3: Company Overview - State Street Corporation is a leading provider of financial services to institutional investors, with $51.7 trillion in assets under custody and/or administration and $5.4 trillion in assets under management as of September 30, 2025 [6][7] - The company operates globally in over 100 markets and employs approximately 52,000 people [6]

Core Insights - A collapse in the price of ether (ETH) could severely impact the Ethereum ecosystem's functionality as a settlement infrastructure for financial activities [1] - The analysis shifts the perspective from market risk to infrastructure risk, indicating that Ethereum is now viewed as a critical layer for financial instruments rather than merely a speculative platform [4][7] Impact on Financial Systems - A significant drop in ETH value would disrupt applications that handle billions of dollars in transactions daily, affecting payment, settlement, and tokenized finance systems [2] - The proof-of-stake mechanism relies on validators paid in ETH; a loss in ether's value may lead some validators to shut down, reducing network security and slowing block production [2][3] Regulatory Considerations - Regulators face a challenging decision: either deem public blockchains unsuitable for regulated finance due to their reliance on volatile tokens or allow their use with necessary safeguards [6] - The European Central Bank and the International Monetary Fund have raised concerns about the systemic importance of large stablecoins, especially if their issuance is concentrated and linked to traditional finance [5]

🔥 JUST IN: JPMorgan arranged a $50M Galaxy Digital bond issuance on Solana, with Coinbase and Franklin Templeton purchasing the paper using USDC in a push toward tokenized finance. https://t.co/uz4g4epu4w ...

Crypto and stablecoins got a full dedicated page in BlackRock's 2026 Global Outlook reportThey describe stablecoins as one of a few "mega forces" driving a changing global economy (along with AI and a few others)And point to impacts on the larger tokenized finance trend https://t.co/0IpQAPNsO0 ...

Group 1: Partnership and Market Outlook - Coinbase is collaborating with major U.S. banks on pilot programs related to stablecoins, crypto custody, and trading, indicating a growing acceptance of crypto infrastructure by traditional financial institutions [1] - The stablecoin market is projected to reach $1.2 trillion by 2028, with potential for numerous growth paths, while Citi forecasts it could hit $4 trillion by 2030 in a bullish scenario [2] Group 2: Perspectives on Bitcoin - BlackRock CEO Larry Fink has shifted his view on bitcoin, now considering it a hedge against uncertainty, emphasizing its role in protecting against financial insecurity and currency debasement [3] - Despite recent declines in bitcoin's value, both Fink and Coinbase's CEO Brian Armstrong see significant use cases for the asset, with Armstrong asserting that there is "no chance" it will go to zero [4] Group 3: Regulatory Environment - Armstrong advocates for clearer regulations from U.S. lawmakers, expressing hope for the Senate to vote on the CLARITY Act, which aims to define legal responsibilities for crypto exchanges and other digital asset participants [4]