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]

Partnerships & Integrations - Chainlink, SWIFT, and UBS are collaborating on a pilot integration [1] - The integration aims to enable banks to manage tokenized assets [1] - This management will be facilitated through existing messaging infrastructure [1]

Swiss banking powerhouse UBS, crypto banking specialist Sygnum and PostFinance, a subsidiary company of the state-owned Swiss Post, successfully tested payments between institutions on Ethereum, according to a press release on Tuesday. The proof of concept, run under the Swiss Bankers Association, saw UBS, PostFinance, and Sygnum Bank carry out transactions using deposit tokens — digital representations of bank deposits that can move on a public blockchain. The payments were settled legally between banks ...

Partnerships & Integrations - Ondo Finance and TrustWallet are now live, indicating a partnership to promote tokenized assets [1] Marketing & Promotion - A giveaway of $1,000 is being offered, split between 10 winners, to incentivize engagement [1] - The giveaway requires liking and reposting the tweet, following the speakers, and staying until the end of the live event [1] Tokenized Assets - The industry is exploring how tokenized assets are becoming mainstream [1]

Product Development & Tracking - CoinMarketCap tracked trillions of dollars in tokenized assets [1] - CoinMarketCap mapped Bitcoin corporate stacks [1] - Signals, RSI, and market data were enhanced for clarity and accessibility [1]

Onchain Finance & Data Feeds - Chronicle Protocol 现在在 Avalanche 上线，为构建者提供机构级别的可验证数据，以支持代币化资产和链上金融的大规模发展 [1] - Chronicle 为 Avalanche 带来了超过 140 个具有弹性的可验证数据源，以推动链上金融的未来发展 [1] Technology & Scalability - 构建者可以利用 Chronicle 在 Avalanche 上的数据来扩展代币化资产和链上金融 [1]

Mastercard 🌉 Chainlink 🌉 onchain economiesMore than 3.5 billion cardholders now have easy access to crypto and tokenized assets.https://t.co/b5BJoyYEUU https://t.co/N2uURYij7A ...

More tokenized assets on @BNBCHAIN.Ondo Finance (@OndoFinance):BNB Chain is on.@BNBCHAIN, one of the most widely used blockchain networks, will soon support Ondo's suite of tokenized assets, including over 100 US stocks, ETFs, and funds to start.As part of this collaboration, BNB Chain joins the Global Markets Alliance, a growing group https://t.co/27RQQdxbqH ...

Core Insights - Coinbase Global Inc. (COIN) primarily generates revenue from transaction fees, which account for over 50% of its total revenue and are closely linked to trading volumes [1][4] - Transaction revenues rose 18.2% year-over-year to $1.3 billion in Q1 2025, driven by a 26% increase in trading volume [2] - The company anticipates a decline of $30 million to $40 million in institutional transaction revenues for Q2 2025 [2][8] Revenue Growth and Market Position - The increase in crypto trading activity, fueled by the adoption of Bitcoin ETFs and tokenized assets, is enhancing COIN's transaction-based income [3] - Coinbase is investing in foundational infrastructure, such as its Layer 2 Ethereum scaling solution, Base, to support long-term growth and improve crypto utility [3] - The platform has expanded its asset offerings by launching tokenized equities on Base, contributing to its revenue growth [3] Competitive Landscape - COIN competes with Robinhood Markets and Interactive Brokers, both of which also rely heavily on transaction revenues from active trading [5][6] - Robinhood's transaction revenues, which make up over 60% of its total revenues, are sensitive to market fluctuations and retail investor behavior [5] - Interactive Brokers benefits from high-margin commission-based transaction revenues, demonstrating strong operating leverage [6] Financial Performance and Valuation - COIN's shares have gained 1.2% year-to-date, outperforming the industry [7] - The company trades at a price-to-earnings ratio of 45.5, significantly above the industry average of 18.72, indicating an expensive valuation [10] - The Zacks Consensus Estimate for COIN's EPS has decreased by 47.1% and 37% for Q2 and Q3 2025, respectively, while estimates for full-year 2025 and 2026 have increased by 52.3% and 16.7% [11][12]