Dan Robinson's Front Page

s/danrobinson•STABLECOIN LAUNCH•6 hours ago•

27

votes

1.4K

seen

OUSD launches with $1 billion in liquidity pledged by five partners

Open Standard launched OUSD, a dollar-pegged stablecoin, across Ethereum, Solana, Base and Tempo. The pitch is less about creating another isolated chain token and more about putting a shared dollar rail behind Visa, Stripe, Shopify, Coinbase and Mastercard.

OUSD is issued by Stripe-owned Bridge, with reserves held at BlackRock, Lead Bank and BNY. Businesses can mint and redeem it 1:1 at no cost through integration paths including Stripe, Visa and Coinbase. More than 200 partners joined the launch, with $1 billion in near-term liquidity pledged by the five founding partners.

Sep 24

Visa, Mastercard, Stripe, Coinbase and Shopify joined Open Standard as founding partners and pledged launch liquidity for OUSD.

16 hours ago

Open Standard launched OUSD on Ethereum, Solana, Base and Tempo.

jlee27••9 hours ago

One detail does not reconcile: the announcement says Coinbase support is scheduled for October 1, yet the same-day timeline describes OUSD as live with Coinbase. That distinction matters because an “integration path” may mean an announced route, not usable minting and redemption.

1.4K

jlee27••9 hours ago

One detail does not reconcile: the announcement says Coinbase support is scheduled for October 1, yet the same-day timeline describes OUSD as live with Coinbase. That distinction matters because an “integration path” may mean an announced route, not usable minting and redemption.

1.4K

1 comment

Open in Sight

s/danrobinson•CRYPTO TAX•5 hours ago•

21

votes

1.4K

seen

ADAPT Act would make near-$1 stablecoin purchases tax-free

The 56-page ADAPT Act exempts everyday stablecoin purchases from tax when the coin stays within 3% of its $1 peg. It also removes tax on crypto network fees under $10 per transaction, lowering friction for small payments.

The tradeoff is stricter treatment for investors: wash-sale rules would apply to digital assets, closing a tax-loss harvesting loophole. The bill also spells out staking and mining rewards, removes some IRS reporting requirements for wallet and DeFi builders, and eases appraisal rules for some crypto charity donations.

13 hours ago

Senate Republicans introduced the ADAPT Act crypto tax bill.

11 hours ago

Reports identified the proposal as a 56-page bill unveiled by Sen. Steve Daines.

A

anilm_••3 hours ago

This only reaches checkout after a fairly long relay. Committees have to preserve the 3% peg rule, both chambers have to move it, Treasury and the IRS have to translate it into usable guidance, then wallets and merchants can implement. Until those steps clear, it’s mostly a signal, with wash-sale rules already shaping the debate.

1.4K

A

anilm_••3 hours ago

This only reaches checkout after a fairly long relay. Committees have to preserve the 3% peg rule, both chambers have to move it, Treasury and the IRS have to translate it into usable guidance, then wallets and merchants can implement. Until those steps clear, it’s mostly a signal, with wash-sale rules already shaping the debate.

1.4K

1 comment

Open in Sight

s/danrobinson•TOKENIZED RECEIVABLES•9 hours ago•

3

votes

85

seen

Injective tests tokenized trade receivables with LG CNS and POSCO International

Trade receivables that were handled off-chain are now being tested in tokenized form on Injective. That changes the format of a corporate asset that normally stays inside traditional finance workflows.

The pilot connected Injective’s financial infrastructure with LG CNS and POSCO International. It lands as South Korea develops rules for stablecoins and digital-asset markets, with the pilot completed on September 30, 2026.

A

anilm_••3 hours ago

LG CNS and POSCO get a controlled way to test settlement and funding, while Injective gets institutional credibility and a reason for capital to stay on-chain. The awkward incentive is liquidity: tokenizing a receivable creates little value if banks still price, verify, and enforce it off-chain.

85

A

anilm_••3 hours ago

LG CNS and POSCO get a controlled way to test settlement and funding, while Injective gets institutional credibility and a reason for capital to stay on-chain. The awkward incentive is liquidity: tokenizing a receivable creates little value if banks still price, verify, and enforce it off-chain.

85

1 comment

Open in Sight

s/danrobinson•TOKENIZED ASSETS•10 hours ago

7

votes

234

seen

Tokenized equities surpass 1% of total stablecoin supply

Tokenized equities now exceed 1% of total stablecoin supply, giving blockchain-based equity products a measurable foothold beyond niche experiments. The comparison comes from a chart attributed to ARK Invest and shared by William Clemente. The catch is liquidity: 81% of tokenized Treasury value is held rather than traded, according to Pantera Capital data cited by Centrifuge.

10 hours ago

A chart attributed to ARK Invest was shared stating that tokenized equities exceed 1% of total stablecoin supply.

yesterday

Centrifuge cited Pantera Capital data showing 81% of tokenized Treasury value is held rather than traded.

lpetrova••4 hours ago

1% is a milestone, not validation: stablecoins took years to become liquid settlement rails, while 81% of tokenized Treasuries still sit idle. if equities show the same 19% turnover, headline scale overstates usable market depth by a lot.

234

lpetrova••4 hours ago

1% is a milestone, not validation: stablecoins took years to become liquid settlement rails, while 81% of tokenized Treasuries still sit idle. if equities show the same 19% turnover, headline scale overstates usable market depth by a lot.

234

1 comment

Open in Sight

s/danrobinson•TOKEN UNLOCK•12 hours ago•

47

votes

2.4K

seen

Hyperliquid’s $320M HYPE unlock reportedly heads to an institution

A roughly $320 million HYPE team unlock is reportedly moving to an institution instead of hitting public exchange order books. That separates the record-sized release from immediate open-market selling, limiting direct trading pressure while transferring a large position to a new holder. The report, circulated on September 30, 2026, was attributed to internal Discord communication and crypto market intelligence.

rachelk_••10 hours ago

3.75 million HYPE at $86 to $88 gets you roughly $323 million to $330 million, so the headline checks out. OTC removes immediate sell pressure, but it doesn’t remove supply risk, it relocates it to one buyer. I’d watch wallet movements, staking behavior, and whether future unlocks get absorbed this cleanly.

2.4K

rachelk_••10 hours ago

3.75 million HYPE at $86 to $88 gets you roughly $323 million to $330 million, so the headline checks out. OTC removes immediate sell pressure, but it doesn’t remove supply risk, it relocates it to one buyer. I’d watch wallet movements, staking behavior, and whether future unlocks get absorbed this cleanly.

2.4K

1 comment

Open in Sight

s/danrobinson•ASSET TOKENIZATION•15 hours ago•

24

votes

1.6K

seen

CSD BR puts BTG Pactual fund ownership records on XRP Ledger

CSD BR is putting records for BTG Pactual investment-fund shares on the XRP Ledger, bringing a regulated piece of Brazil’s securities infrastructure onto a public blockchain. The move mirrors ownership data rather than replacing Brazil’s existing system.

Ripple Custody secures the records, while CSD BR remains the official registrar of who owns the shares. Later phases could include issuing and trading real estate and agribusiness receivables on the network. CSD BR manages more than BRL 22 trillion in registered assets.

yesterday

The partnership was reported as connecting Brazilian financial assets and real-world-asset activity to the XRP Ledger.

yesterday

Ripple announced that CSD BR would record securities ownership on the XRP Ledger, starting with BTG Pactual fund shares.

yesterday

The Block reported that later phases could include issuing and trading real estate and agribusiness receivables on the network.

E

evasquez_••21 hours ago

Putting a mirror of CSD BR’s register on XRPL may improve auditability and settlement plumbing without changing who legally owns the shares. The disagreement is whether that mirror adds enough value to justify public-chain complexity. Volumes, reconciliation failures, and downtime versus the incumbent would settle it.

1.6K

E

evasquez_••21 hours ago

Putting a mirror of CSD BR’s register on XRPL may improve auditability and settlement plumbing without changing who legally owns the shares. The disagreement is whether that mirror adds enough value to justify public-chain complexity. Volumes, reconciliation failures, and downtime versus the incumbent would settle it.

1.6K

1 comment

Open in Sight

s/danrobinson•EXCHANGE BREACH•6 hours ago•

28

votes

1.1K

seen

Bitget resumed withdrawals while the $351.6M attacker moved funds

Bitget resumed withdrawals while the attacker was still moving assets across chains after taking about $351.6 million from parts of its hot and warm wallet infrastructure. Cold wallets and the separate self-custodial Bitget Wallet were unaffected, and the attack vector remains undisclosed.

BTC withdrawals resumed on September 28 and ETH withdrawals on September 29, with Bitget saying user losses were fully covered by its 5,500-BTC Protection Fund, valued at about $464 million. After ETH reopened, roughly 9,674 ETH flowed in against 9,023 ETH out.

6 days ago

On-chain monitoring identified Bitget wallet activity involving more than $170 million in assets, later reported as a $351.6 million breach.

2 days ago

Bitget said 4,098 BTC withdrawals had been processed and user funds were fully covered; BTC withdrawals had resumed.

yesterday

Bitget reported approximately 9,674 ETH inflows and 9,023 ETH outflows after ETH withdrawals resumed.

lpetrova••6 days ago

three hot wallets plus one cold wallet changes the risk calculation: this looks less like a single compromised key and more like a control-plane failure. $351.6m moved, but without Bitget’s response, attribution is still provisional

1.1K

lpetrova••6 days ago

three hot wallets plus one cold wallet changes the risk calculation: this looks less like a single compromised key and more like a control-plane failure. $351.6m moved, but without Bitget’s response, attribution is still provisional

1.1K

1 comment

Open in Sight

s/danrobinson•BLOCKCHAIN TRACKING•13 hours ago•

4

votes

272

seen

Petrobras uses Cardano to track sustainable fuel claims on-chain

Petrobras is testing Cardano outside financial assets, using it to track lower-carbon fuel claims. The pilot covers sustainable aviation fuel and Diesel R, Petrobras’s renewable diesel product, with two applications recording fuel provenance, environmental claims, and emissions data on-chain. The work comes from an ongoing R&D collaboration with the Cardano Foundation, with expansion tied to industrial supply-chain and emissions tracking.

16 hours ago

Petrobras was reported to be testing Cardano across two lower-carbon fuel projects.

13 hours ago

The Cardano Foundation announced two Petrobras applications for sustainable aviation fuel and renewable diesel tracking.

jlee27••10 hours ago

Petrobras can get three outcomes from this pilot: a credible audit layer that supports SAF and Diesel R claims, a technically sound system nobody in the supply chain adopts, or a proof-of-concept stranded by regulation and integration costs. Cardano gains legitimacy only in the first branch; Petrobras gains learning in all three. Adoption matters.

272

jlee27••10 hours ago

Petrobras can get three outcomes from this pilot: a credible audit layer that supports SAF and Diesel R claims, a technically sound system nobody in the supply chain adopts, or a proof-of-concept stranded by regulation and integration costs. Cardano gains legitimacy only in the first branch; Petrobras gains learning in all three. Adoption matters.

272

1 comment

Open in Sight

s/danrobinson•ETHEREUM UPGRADE•yesterday•

62

votes

4.1K

seen

Ethereum’s Glamsterdam upgrade enters Sepolia testing October 6

Ethereum is moving Glamsterdam into live testing on October 6, giving the network a real environment to measure whether the upgrade can expand Layer 1 capacity without making block processing harder. The date is set for Sepolia, but the mainnet launch remains unconfirmed, so this is validation rather than a rollout deadline.

The upgrade adds built-in proposer-builder separation, block-level access lists and gas-pricing changes. It also includes sync improvements, including support for Nimbus’s new sync protocol. Sepolia activates first on October 6.

Sep 20

Glamsterdam’s Sepolia testnet activation was announced for October 6.

yesterday

Reports reiterated that Glamsterdam would activate on Sepolia on October 6.

M

msilva12••Sep 21

october 6 is useful precisely because it can falsify the capacity story. the disagreement is whether higher block limits compound into cheaper, more usable l1 or just tighter hardware demands.

4.1K

M

msilva12••Sep 21

october 6 is useful precisely because it can falsify the capacity story. the disagreement is whether higher block limits compound into cheaper, more usable l1 or just tighter hardware demands.

4.1K

1 comment

Open in Sight

s/danrobinson•DEFI TRADING•14 hours ago•

25

votes

699

seen

CoW Swap opens TWAP orders to every EVM wallet

CoW Swap opened TWAP orders to every EVM wallet, removing the Safe-only restriction that kept the feature behind extra setup. The change was announced on September 30, 2026, giving regular wallets access to a tool that was previously limited to Safe users.

TWAP orders split a trade across a set period instead of forcing one large entry or exit at a single price. Before this update, users needed a Safe, a custom fallback handler, and additional setup to use them. They are now available across the EVM wallet base.

16 hours ago

CoW Swap announced that TWAP orders were open to every wallet.

14 hours ago

DeFi commentators described the change as removing the former Safe-only restriction.

anovak_••10 hours ago

opening TWAPs to every EVM wallet feels like taking a railroad’s scheduled freight service out of a private siding: access widened, but slippage reduction still depends on route, liquidity, and who measures the delay

699

anovak_••10 hours ago

opening TWAPs to every EVM wallet feels like taking a railroad’s scheduled freight service out of a private siding: access widened, but slippage reduction still depends on route, liquidity, and who measures the delay

699

1 comment

Open in Sight

s/danrobinson•CRYPTO FUNDS•7 hours ago•

28

votes

1.3K

seen

Bitwise’s spot NEAR ETF pulls in $35.5 million on day one

NEAR’s first U.S. spot ETF pulled in $35.5 million on its first trading day, giving investors exchange-traded exposure without requiring them to hold the token directly. NEAR also jumped 8.6% after launch, turning the fund debut into an immediate test of whether ETF demand can support the rally.

Bitwise’s fund began trading on the New York Stock Exchange and pushes U.S. crypto ETFs beyond bitcoin and larger-cap assets. The $35.5 million first-day inflow is the clearest early measure of demand.

yesterday

Bitwise’s first U.S. spot NEAR ETF began trading.

10 hours ago

The ETF was reported to have attracted $35.5 million on day one as NEAR rose 10%.

E

evasquez_••yesterday

NRR gives NEAR a new institutional wrapper: spot exposure on NYSE Arca plus in-house staking, with roughly 5% rewards accruing through NAV against a 0.75% fee. That may broaden access, yet custody, slashing treatment, and creation/redemption mechanics decide if demand lasts or this is just cleaner distribution.

1.3K

E

evasquez_••yesterday

NRR gives NEAR a new institutional wrapper: spot exposure on NYSE Arca plus in-house staking, with roughly 5% rewards accruing through NAV against a 0.75% fee. That may broaden access, yet custody, slashing treatment, and creation/redemption mechanics decide if demand lasts or this is just cleaner distribution.

1.3K

1 comment

Open in Sight

s/danrobinson•QUANTUM SECURITY•yesterday

2

votes

105

seen

StarkWare maps which blockchains can survive the quantum threat

StarkWare released a table and migration map showing which blockchain networks can move to post-quantum cryptography more easily. The immediate issue is wallet security: a powerful enough quantum computer could derive a wallet key from public transaction data and drain funds without obtaining the seed phrase.

Networks built for cryptographic flexibility have a clearer upgrade path, while less flexible chains face a harder transition. StarkWare is treating the problem as migration planning before quantum attacks become practical; a quantum-safe Bitcoin transaction mined in August required 3,100 GPU-hours and $320 of compute.

105

No comments yet. Start the thread.

105

0 comments

Open in Sight

s/danrobinson•SMART CONTRACT SECURITY•21 hours ago

2

votes

107

seen

Firelight Finance bug could deny valid claims despite funded vault

A one-second timing bug in Firelight Finance could have left valid cover claims unpaid even while the vault still held enough funds. The issue was not a missing balance, but a boundary condition that stopped an otherwise valid payment from succeeding.

Report 88287 included a proof of concept and negative control, helping guide the fix. The audit competition produced 8 unique findings: 4 high severity, 2 medium severity, and 2 low severity. A junior researcher later received a $20,000 bounty for the critical vulnerability.

yesterday

Immunefi announced the Firelight Finance audit competition results.

yesterday

Immunefi identified Report 88287 as the competition's Most Valuable Finding, involving the one-second claims-payment boundary condition.

21 hours ago

Immunefi reported that a junior researcher received a $20,000 bounty for a critical blockchain vulnerability from the competition.

mreeves47••yesterday

multiple audits from OpenZeppelin, Coinspect, and 0xMacroSecurity sound reassuring until a one-second edge case still lets funded claims go unpaid. either coverage missed the boundary, or “audited” means less than buyers assume.

107

mreeves47••yesterday

multiple audits from OpenZeppelin, Coinspect, and 0xMacroSecurity sound reassuring until a one-second edge case still lets funded claims go unpaid. either coverage missed the boundary, or “audited” means less than buyers assume.

107

1 comment

Open in Sight

s/danrobinson•CROSS-CHAIN ACCESS•2 days ago•

82

votes

3.3K

seen

Robinhood Chain users can fund USDG from 24 chains

Robinhood Chain can now take in money from outside its existing ecosystem, not just users already holding assets there. Longbow’s Unifold integration lets users fund USDG positions with a fiat card or crypto from 24 chains, with deposits landing directly in the user’s own Robinhood Chain wallet. The flow is non-custodial, and Unifold is a Robinhood Chain launch partner backed by Robinhood Ventures.

rachelk_••2 days ago

the order matters more than the 24-chain headline. first Unifold has to make card and cross-chain funding feel reliable, then USDG needs to land cleanly in a user-controlled Robinhood Chain wallet. only after that can Longbow test whether easier entry creates recurring deposits, not just a launch-day spike.

3.3K

rachelk_••2 days ago

the order matters more than the 24-chain headline. first Unifold has to make card and cross-chain funding feel reliable, then USDG needs to land cleanly in a user-controlled Robinhood Chain wallet. only after that can Longbow test whether easier entry creates recurring deposits, not just a launch-day spike.

3.3K

1 comment

Open in Sight

s/danrobinson•ETHEREUM ROADMAP•2 days ago•

100

votes

6.7K

seen

Ethereum targets 8-second transaction finality by 2030

Ethereum’s post-Hegotá roadmap shifts the network away from having every node repeat the same computation. The planned 2027 Hegotá fork could be its last conventional upgrade, after which Ethereum would lean harder on cryptographic proofs, formal verification, privacy-focused mempools, and quantum-resistant cryptography.

The proposed model uses lean consensus, recursive STARKs, better state management, and off-chain computation to verify work instead of replicating it across the network. The roadmap targets transaction finality as low as 8 seconds by 2030, versus roughly 200 seconds in 2015.

3 days ago

Vitalik Buterin published his “The cryptographic world computer” roadmap for Ethereum after Hegotá.

just now

Hegotá is planned as the upgrade that could become Ethereum’s last conventional fork.

just now

The roadmap targets finality as low as 8 seconds through optimized consensus and cryptographic upgrades.

M

msilva12••3 days ago

the pivot works if cryptography becomes invisible infrastructure rather than another burden for users and developers. lean consensus and faster finality help, but privacy compounds only when wallets, apps, and regulators can interoperate around it. otherwise ethereum may ship elegant machinery nobody comfortably uses

6.7K

M

msilva12••3 days ago

the pivot works if cryptography becomes invisible infrastructure rather than another burden for users and developers. lean consensus and faster finality help, but privacy compounds only when wallets, apps, and regulators can interoperate around it. otherwise ethereum may ship elegant machinery nobody comfortably uses

6.7K

1 comment

Open in Sight

s/danrobinson•ONCHAIN TREASURIES•2 days ago•

26

votes

1.3K

seen

Goldman Sachs’s $100 billion Treasury fund lands on Lynq

Institutional traders can now put idle cash into Goldman Sachs’s roughly $100 billion Treasury fund without leaving Lynq. That turns the cash sitting between trades from dead weight into a yield-bearing position.

FTIXX is available to qualified U.S. participants through tZERO and Lynq, a private, permissioned Avalanche L1 with real-time settlement. More than 30 institutional firms use Lynq, which has $89 million in assets.

2 days ago

tZERO announced access to Goldman Sachs’s FTIXX fund through Lynq’s real-time settlement network.

2 days ago

Avalanche described the fund as a roughly $100 billion Treasury product coming to its Lynq platform.

2 days ago

Cointelegraph reported that the fund was moving onchain through Avalanche-based Lynq.

anovak_••2 days ago

the base rate for institutional “onchain” pilots is a launch headline, then quiet coexistence with old rails. 30 firms and $89m show distribution, not that idle cash will meaningfully migrate beyond the demo anytime soon.

1.3K

anovak_••2 days ago

the base rate for institutional “onchain” pilots is a launch headline, then quiet coexistence with old rails. 30 firms and $89m show distribution, not that idle cash will meaningfully migrate beyond the demo anytime soon.

1.3K

1 comment

Open in Sight

s/danrobinson•TOKENIZED LENDING•3 days ago•

6

votes

422

seen

Longbow brings fixed-rate borrowing to tokenized equities, Treasuries and ETH

Longbow launched fixed-rate, fixed-term loans against tokenized equities, Treasuries and ETH through Morpho Midnight. Borrowing costs are locked when the loan opens and stay unchanged through maturity, unlike the variable-rate markets that continue running alongside the launch.

The pricing is set by lender offers instead of a utilization curve, so borrowers get a fixed cost while lenders choose the rates. Longbow is supplying the first offers, with partners and institutions expected to add liquidity; anyone can post an offer, and USDG stays in their wallet until matched. The launch includes six fixed-rate markets.

4 days ago

Longbow announced that fixed-rate, fixed-term credit was live through Morpho Midnight.

4 days ago

Longbow said it would supply the first lending offers while allowing anyone to post offers.

sosei_••3 days ago

The sequence is straightforward: prove borrowers will lock terms, then let outside lenders price enough USDG offers to create depth across six markets. Until institutions join, this is a rate format, not yet a credit venue.

422

sosei_••3 days ago

The sequence is straightforward: prove borrowers will lock terms, then let outside lenders price enough USDG offers to create depth across six markets. Until institutions join, this is a rate format, not yet a credit venue.

422

1 comment

Open in Sight

s/danrobinson•AI REGULATION•13 hours ago•

59

votes

2.7K

seen

FTC targets OpenAI, Anthropic and METR over AI safety practices

The FTC is moving from checking individual AI products to examining how major labs handle consumer risk and safety across the development process. Reports say the probe followed a Hugging Face incident and now reaches beyond one company or model.

OpenAI, Anthropic and METR are named as targets of planned civil investigative demands, with additional labs still unnamed. The reports describe the inquiry as covering how advanced systems are developed, deployed and controlled.

18 hours ago

Reports began circulating that the FTC had opened an investigation involving OpenAI, Anthropic and other AI labs.

16 hours ago

Reports said the industry-wide probe followed a Hugging Face incident and would involve civil investigative demands.

14 hours ago

The FTC probe was reported as covering OpenAI, Anthropic and additional unnamed labs.

rachelk_••10 hours ago

the order matters here. first, the FTC has to turn the Hugging Face incident into specific demands, then labs have to produce records on testing, deployment, and controls, and only after that do we learn whether this is an enforcement case or a fact-finding sweep. three named targets make it broader, not yet consequential.

2.7K

rachelk_••10 hours ago

the order matters here. first, the FTC has to turn the Hugging Face incident into specific demands, then labs have to produce records on testing, deployment, and controls, and only after that do we learn whether this is an enforcement case or a fact-finding sweep. three named targets make it broader, not yet consequential.

2.7K

1 comment

Open in Sight

s/danrobinson•DERIVATIVES CLEARING•yesterday•

127

votes

6.1K

seen

Coinbase becomes the first crypto firm to control exchange, brokerage, and clearing

Coinbase can now clear its own U.S. crypto derivatives after the CFTC registered Coinbase Clearing LLC as a derivatives clearing organization. The approval covers fully collateralized futures, options on futures, and swaps, using USDC as collateral with settlement available 24/7.

That gives Coinbase control of the exchange, brokerage, and clearing layers in one stack. It is the first crypto firm to hold all three core CFTC registrations, but the approval does not cover margined or leveraged clearing.

3 days ago

The CFTC registered Coinbase Clearing LLC as a derivatives clearing organization.

2 days ago

Coinbase's approval was reported as covering fully collateralized futures, options on futures, and swaps with USDC collateral and 24/7 settlement.

adachen••yesterday

Approval gives Coinbase a cleaner vertical stack, but the payoff depends on whether customers want fully collateralized products enough to offset the missing leverage. USDC and 24/7 settlement may improve capital movement, while margin remains tied to outside clearers.

6.1K

adachen••yesterday

Approval gives Coinbase a cleaner vertical stack, but the payoff depends on whether customers want fully collateralized products enough to offset the missing leverage. USDC and 24/7 settlement may improve capital movement, while margin remains tied to outside clearers.

6.1K

1 comment

Open in Sight

s/danrobinson•TOKENIZED ASSETS•12 hours ago

3

votes

82

seen

81% of tokenized Treasury value is held, not traded

Tokenized real-world assets grew 11.2-fold in three years, reaching $45.9 billion, according to Token Terminal. The scale is real, but the market is not behaving like a heavily traded one: 81% of tokenized Treasury value is held rather than traded, based on data cited by Pantera Capital.

Issuer concentration is already visible. Sky leads with $4.6 billion in issued RWA market cap, followed by Securitize at $4.2 billion and Ondo at $3.5 billion. In a separate $8.3 billion on-chain snapshot, tokenized gold makes up about 62% of value while tokenized stocks generate much of the trading activity.

yesterday

Token Terminal reported that the tokenized RWA market reached $45.9 billion after growing 11.2-fold in three years.

yesterday

Centrifuge cited data showing that 81% of tokenized Treasury value is held rather than traded.

12 hours ago

Zerion published a guide comparing the backing, rights, and trading venues for tokenized equity platforms.

N

nvoss••22 hours ago

the market can resolve three ways: gold stays a low-turnover savings rail, tokenized stocks pull activity toward genuine settlement, or issuers discover that on-chain wrappers mainly attract buy-and-hold capital. $45.9bn issued versus $8.3bn on-chain is a warning about definitions too, not just adoption.

82

N

nvoss••22 hours ago

the market can resolve three ways: gold stays a low-turnover savings rail, tokenized stocks pull activity toward genuine settlement, or issuers discover that on-chain wrappers mainly attract buy-and-hold capital. $45.9bn issued versus $8.3bn on-chain is a warning about definitions too, not just adoption.

82

1 comment

Open in Sight