Another big week for digital asset adoption.
The SEC weighed tokenized stock trading, Swift announced blockchain infrastructure with major banks, and Robinhood's CEO predicted tokenization will reshape global finance.
This week's updates. 👇
1️⃣ Robinhood CEO says "Tokenization will eat the entire global financial system"
Robinhood CEO Vlad Tenev declared that "tokenization will eat the entire global financial system" in a post on X following his appearance at Token2049 in Singapore.
2️⃣ Circle and Deutsche Börse collaborate to advance stablecoin adoption in Europe
Deutsche Börse Group and Circle signed a Memorandum of Understanding to integrate USDC and EURC into Deutsche Börse's financial market infrastructure.
3️⃣ SEC weighs plan to allow blockchain-based stock trading
The Securities and Exchange Commission is reportedly developing a plan to allow blockchain-registered versions of stocks to trade on cryptocurrency exchanges, marking a significant step toward integrating digital asset technology into traditional markets.
4️⃣ Swift announces blockchain plan at Sibos
Swift is developing its own blockchain to streamline transactions among global banks. The platform will facilitate transactions involving tokenized products and stablecoins, with Bank of America, Citigroup, and NatWest among the initial partners.
5️⃣ Bridge launches Open Issuance stablecoin platform
Bridge, acquired by Stripe in 2024, launched Open Issuance, a platform that allows any business to launch and manage its own stablecoin. Phantom (CASH), Native Markets (USDH), MetaMask (mUSD), and Dakota (DKUSD) joined as launch partners.
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