Industry Perspective - Traditional finance needs to stop acting so exclusive [1] - It thrives off retail [1]

RT Milk Road (@MilkRoad)Tokenized money market funds just hit an all time high of $8.4B.A 60x surge since early 2024.The growth is being driven by the biggest players in traditional finance.From BlackRock’s BUIDL, to Ondo, Franklin Templeton, Fidelity and VanEck.Ethereum is the primary settlement layer for this entire category, meaning, number will go up. ...

Core Insights - Citi and Coinbase have formed a partnership to develop stablecoin payment capabilities for institutional clients, aiming to bridge traditional and digital finance [1][2]. Group 1: Partnership Details - The partnership will initially focus on streamlining fiat pay-ins and pay-outs, facilitating the conversion between traditional currency and cryptocurrency [2]. - Citi's head of payments and services highlighted the collaboration as a natural extension of their "network of networks" approach, enhancing payment capabilities across borders [3]. - Coinbase's head of crypto-as-a-service emphasized the importance of their infrastructure in supporting financial institutions to create effective products for their clients [4]. Group 2: Broader Context - Coinbase has established partnerships with 250 financial institutions globally, indicating a growing trend among U.S. banks to engage in crypto partnerships due to an improving regulatory environment [4]. - Other notable partnerships include Coinbase's collaboration with PNC to provide digital-asset access and with JPMorgan Chase [5]. - Coinbase also launched a bitcoin rewards credit card in partnership with American Express and Cardless, allowing customers to earn bitcoin with purchases [5].

Core Viewpoint - RocketFuel Blockchain Inc. has introduced fiat currency payouts, enabling companies to send payments directly to recipients' local bank accounts in various currencies, enhancing its existing crypto and stablecoin payment functionalities [1][2]. Group 1: New Payment Features - The addition of fiat payouts allows recipients to choose their payment method: crypto, stablecoins, or fiat, which reduces volatility risk and simplifies treasury operations [2]. - This new feature is expected to improve adoption among traditional enterprises and institutions, addressing the complexities of global payments and compliance [2]. Group 2: Strategic Implications - The rollout of fiat payouts is a significant milestone in RocketFuel's strategy to become the preferred settlement provider for merchants in high-growth sectors and international markets [2]. - The company aims to bridge the gap between the crypto economy and traditional finance, accelerating adoption and creating new growth opportunities for businesses worldwide [2]. Group 3: Operational Details - The company offers direct settlement into bank accounts via ACH, SEPA, and local payment rails, providing access to multi-currency payouts in supported regions [3]. - Merchants have control over selecting their preferred settlement currency on a transaction-by-transaction basis, supported by a robust compliance framework that includes integrated KYC and KYB functionalities [3].

Vertical integration of crypto to traditional finance initiated. https://t.co/PxJMM8PSf6 ...

RT CoinDesk Indices (@CoinDeskMarkets)“As tokenized RWAs scale, looping is poised to become a foundational building block in on-chain portfolio construction, further narrowing the gap between traditional and decentralized finance,” says @MarcinRedStone of @redstone_defihttps://t.co/oU8nOeQSon ...