🦅 America Gets Genius

It’s another funky Friday – Ray Buckton, Head of Research at RWA World, here cutting a rug in celebration 🕺

Did you catch the latest co-authored report from SEDA and RWA World? Let’s hope so – you won’t wanna miss it. 👀

Oracles are already disrupting the $50B financial data industry, and their high-fidelity data is an essential piece of the tokenized asset puzzle. 🧩

Check out the report – you’ll be glad you did. ✍️

🎯🔥 Rapid Fire Takeaways:

🤝 Tokenization makes investing more accessible — Robinhood exec

🔌 BlackRock’s sBUIDL launches 'first direct DeFi protocol integration' with Euler on Avalanche

😓 Tether multisig freeze not effective; $78.1M lost to hackers – AMLBot

🗣️ Novogratz’s Galaxy Is Talking With SEC About Tokenizing Shares

💵 Pareto launches synthetic dollar backed by private credit

📜 Tokenized Assets Are Redefining Audits and Compliance in New Ways

🏛️ Senate advances a GENIUS stablecoin bill on a bipartisan vote

According to Blockworks, tokenized shares will hit the market over the next four years, so it’s a good time to stay focused. ♟️

So lock in on Tuesdays and Thursdays at 2 pm EDT to Wolf Crypto – where we lay bare the realities of RWAs and tokenized assets, finding out what makes them tick. 🐺

🍌 TradFi Going Bananas

That four-year timeframe from Blockworks might be too long. Galaxy Digital is already in talks to tokenize equities and seeks to list them on the Nasdaq. No wonder Robinhood execs are out here praising the tech, along with the Chainlink CEO seeing more speedy capital flows in our future. We’ll soon have the security to make it all happen, too, with Ethereum’s proposed trillion-dollar upgrade. ⚙️

Banks are unsurprisingly becoming big names on the scene. JP Morgan shook hands with Chainlink and Ondo on a public tokenized treasury trade via the OUSG token. VanEck is kicking off its own tokenized treasury token, while Stellar now has real-time OTC trading for its tokenized US treasury assets. 👛

Fifth Third Bank is expanding its crypto rules, and Sygnum is pulling its head with stakes in Solana as collateral for loans plus a partnership with Incore and Hypi to launch a DLT system. All the while, BlackRock launched a direct DeFi integration with Euler and Avalanche, showing the ever-blurring financial barriers. 🙈

💎 Assets Get Real 

Speaking of Avalanche, Solv is bringing RWA-backed Bitcoin yield to the platform for the first time. New tokenized assets are everywhere, as Sunny Lu from VeChain wants to tokenize human behavior, which sounds a bit like a social credit score if done haphazardly. Maybe we can calm it down with Valereum’s expansion into tokenized sports and leisure. 💆

You can pay for it all with Pareto’s synthetic dollar private credit-backed stablecoin, $USP. Yours truly just hosted a Space about it with the team—check it out for details. Maybe decentralized is the way to go – Tether’s multisig has proven ineffective with $78.1 million lost to hackers. 😬 

But with new assets coming on-chain all the time, it’s a learning experience. Animoca’s Yat Siu is bullish on student loans supercharging DeFi growth – looking at you, Pencil Finance. Let’s see if Pharos Network may be the latest RWA-focused L1 to make it happen. 🔍

🧑‍⚖️ Gov and Regs

One of the biggest boons of tokenized assets is how they’re redefining audits and compliance—single–source–of–truth shared ledgers have the capacity to reduce mountains of physical paperwork and digital redundancies. Little surprise then that the SEC is issuing new guidance rules on crypto broker-dealers, and the Fed and BIS launched a new toolkit for asset tokenization. 🧰

The week's big news is that the United States Senate officially passed the GENIUS stablecoin bill. Now, big issuers know the rules, and it’s a new Day 1 for stablecoin companies in America – and everywhere else, it seems. SWIFT is starting digital assets integration this November, while central banks everywhere are using the new BIS toolkit for tokenization. ⚒️

Brazil is working hard to outpace the US in terms of regulation, eyeing stablecoins as an intrinsic threat to its ability to tax and raise capital. Thailand is taking a different approach with $150 million in digital government bonds. Just across the sea, Franklin Templeton is kicking off Singapore’s first tokenized fund for retail investors. 🎉

💻 Stablecoin Infrastructure & Adoption

So you thought we could do a newsletter without stablecoins? Pfft—we both know better than that! Fireblocks says the asset class is moving from experimentation to production with a focus on revenue as it passes $6 trillion in transactions in Q1 2025. According to BitGo, banks are spooked about losing market share and embracing stablecoins en masse. We’ve come a long way from the debanking days. 🗺️

Moonpay and Mastercard are also collaborating on stablecoins, while MNEE’s is now available on HandCash. XSY also launched its own stablecoin on Avalanche. Shark Tank’s Kevin O'Leary claims forex and payments companies hate the tech because it makes them redundant, while financial giants can’t stop praising how sleek and cost-effective it is. ☯️

Regardless, demand is skyrocketing. The Northern Marianas passed a stablecoin bill, Coinshift’s csUSDL passed $100 million in TVL, and Trump’s USD1 is making significant inroads into the industry. While Wilson Sonsini advises Circle, we see 21x and Quantoz partnering for atomic settlement of stablecoins.

🏎️ Busy Week, Busy Industry

Another one in the history books – this spring has sprung with a force that’s heralded new milestones for our industry. 

Naturally, we’re 100% here for it.

Mark your calendars for Tuesdays and Thursdays at 2 p.m. EDT for Wolf Crypto and check out our report with SEDA.

Big things are in the works. 🤫