Core Insights - Tokenization of large physical assets like cars and houses is expected to increase user interest, while tokenizing stocks could significantly enhance adoption rates [1][2] - Tokenization allows real-world assets to be converted into digital tokens on the blockchain, facilitating faster transactions and programmability through smart contracts [3] - Successful examples of tokenized assets include BlackRock's iShares BUIDL fund with $2.3 billion, Franklin Templeton's BENJI fund managing $846 million, and Ondo's products with a combined total of $1.4 billion [4] Company Insights - Superstate, co-founded by Robert Leshner, focuses on creating infrastructure for tokenizing traditional financial assets, recently tokenizing shares of Nasdaq-traded companies [5][6] - The company aims to provide innovative financing options beyond traditional stock purchases, enhancing user experience in asset management [6] - Portability of shares remains a challenge, with current systems being inadequate for easy transfer between investors [6][7]

Full listAsset, issuer:JAAA @centrifugeWTGXX @WisdomTreeFundsOUSG @OndoFinanceBUIDL @BlackRock, @SecuritizeUSTB @SuperstateIncUSCC SuperstateUSDY Ondo FinanceJTRSY CentrifugeFDIT @FidelityUSYC @circlemF-ONE @MidasRWAthBILL @Theo_NetworkTBILL @OpenEden_XUSUALM @usualmoneyVBILL Securitize, @vaneck_usACRED @apolloglobal, SecuritizeUSTBL @Spiko_financeBENJI @FTDA_USETHO UsualEUTBL SpikomTBILL MidasmBASIS Midas ...

RT Token Terminal 📊 (@tokenterminal)🏦⛓️ Tokenized assets on @solana are climbing up the market cap ladder:Tier 1 ($1B+): USDC, USDT, PYUSDTier 2 ($100M–$1B): USDG, BUIDL, USDYLeading issuers: @circle @Tether_to @PayPal @global_dollar @BlackRock @Securitize @OndoFinance https://t.co/47Zw6fjDao ...

🏦⛓️ Tokenized assets on @solana are climbing up the market cap ladder:Tier 1 ($1B+): USDC, USDT, PYUSDTier 2 ($100M–$1B): USDG, BUIDL, USDYLeading issuers: @circle @Tether_to @PayPal @global_dollar @BlackRock @Securitize @OndoFinance https://t.co/47Zw6fjDao ...

Tokenized Funds Growth - Fastest growing tokenized funds are in the $100 million to $1 billion supply range [1] Top Tokenized Funds - USCC by Superstate is among the fastest growing tokenized funds [1] - USTB by Superstate is among the fastest growing tokenized funds [1] - MF-ONE by MidasRWA is among the fastest growing tokenized funds [1] - EUTBL by Spiko_finance is among the fastest growing tokenized funds [1] - FDIT by Fidelity is among the fastest growing tokenized funds [1] - USYC by Circle is among the fastest growing tokenized funds [1] - WTGXX by WisdomTreeFunds is among the fastest growing tokenized funds [1] - ACRED by Securitize is among the fastest growing tokenized funds [1] - USDY by OndoFinance is among the fastest growing tokenized funds [1]

Tokenized Funds Growth - Identifies the fastest-growing tokenized funds within the $100 million to $1 billion supply range [1] - Highlights USCC by @SuperstateInc as a leading fund [1] - Lists USTB by Superstate among the fastest-growing [1] - Mentions MF-ONE by @MidasRWA as a notable fund [1] - Includes EUTBL by @Spiko_finance in the ranking [1] - Notes FDIT by @Fidelity as one of the fastest-growing [1] - Recognizes USYC by @circle in the list [1] - Features WTGXX by @WisdomTreeFunds [1] - ACRED by @Securitize is also listed [1] - Includes USDY by @OndoFinance [1]

Sui x @LayerZero_Core = true cross-chain composability.Sub-second finality, $80B liquidity, 150+ chains - now connected.LayerZero (@LayerZero_Core):LayerZero is live on @SuiNetwork, making the sub-second chain accessible to over 600 apps and $80 billion in tokens, including:▪ @BitGo's WBTC▪ @elixir's deUSD▪ @OndoFinance's USDYSui is fast, private, secure.And now connected to all of crypto. https://t.co/b2pIaZSwL6 ...

Core Insights - A new mint window of $50 million has opened for the USST dollar-pegged stablecoin, with Ondo Finance's USDY selected as the main collateral, indicating a strategic move to enhance dollar liquidity through tokenized US Treasuries [1][3] - The partnership aims to strengthen the stablecoin design by separating daily liquidity from yield streams, which helps maintain the peg while allowing issuers to retain yield [2][3] Group 1 - STBL has chosen USDY, a yield-bearing token backed by short-term US Treasuries and bank deposits, to support the issuance of new USST [2][3] - The integration of USDY into STBL's minting process is expected to increase demand for USDY and enhance its role as collateral for real-world assets [4] - The design of USST emphasizes overcollateralization and on-chain governance, which could lead to a more stable and scalable stablecoin ecosystem [5] Group 2 - STBL's CEO highlighted the need for stablecoin designs to evolve with the trend towards tokenized reserves, suggesting a shift in the industry [4] - The success of the USDY integration will depend on mint volumes, DeFi listings, and new partnerships that expand USDY's utility [5] - USDY is supported by treasuries and bank deposits, aiming to demonstrate that institutional-grade collateral can scale stablecoin supply without liquidity loss [6]

Core Insights - STBL.com has announced a strategic collaboration with Ondo Finance to mint up to $50 million in USST backed by Ondo's USDY, highlighting the integration of stablecoins with real-world asset tokenization [1][4]. Group 1: Tokenization and Stablecoins - Tokenization involves converting assets like cash or treasuries into tokens using blockchain technology, allowing for global access and automated financial services [2]. - Stablecoins, such as USST, are cryptocurrencies designed to maintain a stable value by being pegged to fiat currencies or commodities, differentiating them from more volatile cryptocurrencies [3]. Group 2: Collaboration Impact - The partnership signifies a trend where institutional-grade tokenized assets are expected to play a crucial role in the future of stablecoin reserves [4]. - Ondo Finance's USDY is positioned to enhance STBL's growth by providing quality collateral and governance, which are essential for scaling utility without compromising stability [4]. Group 3: STBL's Stablecoin Model - STBL's model separates principal and yield into two distinct instruments: USST, which is fully backed by principal value, and YLD, a yield-bearing NFT linked to the underlying real-world assets [5].

Core Insights - The U.S. GENIUS Act has prohibited interest-bearing stablecoins, creating a legal gray area for these products in the U.S. market [1][4] - New decentralized finance (DeFi) products are emerging that leverage tokenized money market funds (MMFs) to generate on-chain yields [2][7] Group 1: Regulatory Impact - The GENIUS Act has entrenched the prohibition of yield-bearing stablecoins, which is perceived as a concession to traditional financial institutions [4] - Banks are concerned about potential deposit flight and are lobbying to close loopholes that allow platforms to pay interest on stablecoin balances [4] Group 2: Alternatives to Stablecoins - Tokenized MMFs are being developed as an alternative to yield-bearing stablecoins, allowing for the generation of on-chain Treasury yields [7] - Unlike stablecoins, which maintain a dollar peg without accruing interest, tokenized MMFs can accrue interest over time by holding U.S. Treasuries or other government bonds [3] Group 3: Market Dynamics - Major stablecoin issuers like Tether and Circle offer limited savings opportunities, leading to the development of various yield-bearing alternatives that distribute reserve income to holders [5][6] - Examples of these alternatives include Mountain's USDM, Ondo's USDY, and Lift's USDL, although they are not available in the U.S. market [6] Group 4: Utility of Tokenized MMFs - Tokenized MMFs, such as Franklin Templeton's OnChain U.S. Government Money Fund, provide an attractive alternative for generating yields despite lacking the payment functionality of stablecoins [8]