Topic
Financial services built on public blockchains and smart contracts, enabling trading, lending and settlement without a licensed intermediary holding funds.
Grayscale is putting three crypto funds on Republic's platform from $2,500, open in the US only to verified accredited investors. That ticket is 0.25% of the $1 million net worth that is one route to qualifying.
Reality
Chainlink's Data Feeds and Data Streams went live on Stellar mainnet on October 14, 2026, for a network that holds over $4 billion in tokenized assets. XLM fell 7.85% over the seven days around the launch, a window too wide to pin on the news. The oracle's value will show up as borrowing against those assets.
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With the Clarity Act stalled in the Senate, the SEC and CFTC are writing US crypto rules, but only one of their three measures since September 17 is in force. Executives expect faster deals from that route while lawyers warn its rules stay open to political and legal reversal.
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Robinhood Chain's daily transactions have fallen more than 40% since mid-September, barely three months after the network went live. Robinhood paid customers' swap fees through the whole slide, so the money users still keep parked on the chain is the better test of it.
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A September 17 order lets qualifying platforms trade fully backed tokenized NMS stocks without registering as exchanges or dealers. Every stock takes 30 days of notice to an issuer that is free to refuse it.
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Outside issuers have tokenized an estimated $314 million to $345 million of Circle's stock, about 1.7% of its market value, Crypto Briefing reported. Token holders are not shareholders of record, so each token's tie to the $80-to-$82 share depends on the firm that wrapped it.
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XRP Ledger held $1.338 billion in tracked stablecoins on Oct. 7 while its chain fees for the day came to $528, DefiLlama data show. Because fees and reserves scale with transactions and accounts, how much XRP that base needs depends on the inventory that bridges and liquidity pools keep between trades.
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DogeOS opened a public zk-rollup testnet aiming at 300 transactions a second, ten times Dogecoin's base layer, Crypto Briefing reported. Until a Dogecoin upgrade proposed in July 2025 lets the base chain verify the rollup's proofs, its security leans on a permissioned sequencer.
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Citrini Research's 79-page report argues fee-collecting platforms and protocols could gain more from tokenization than bitcoin or ether. Even if bitcoin and ether set new highs, the report says, there are better ways to bet on tokenization.
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Curve Finance says Ethereum's Glamsterdam upgrade could make complex DeFi transactions more reliable during congestion. It told crypto.news the test is inclusion speed and fees under load, and that repriced state charges would raise gas for some actions.
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NUVA's HOME token gives non-US investors a stake in a pool of US home-equity loans from 1 USDC, targeting 7% a year. Holders face no lockup and absorb pool losses beyond a first-loss buffer of about 5% of the vault's value.
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Navra, the new company of SoFi and Figure co-founder Mike Cagney, raised a $19 million Series A led by Ribbit for a self-custody front end to on-chain yield. Whether banks take it white-label will test if it is a neutral gateway or a sales channel for Figure, which Cagney chairs.
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Moody's rated Sky Protocol B3, its first stablecoin-protocol rating, citing about $90 million of equity behind roughly $10 billion of assets. That cushion is under 1%, well short of the 2.5% capital ratio Moody's set as its bar for an upgrade.
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Founders Fund led a $5 million purchase of Anvil's governance tokens as the collateral protocol pitches businesses an SDK that needs no blockchain code. The tokens came from Anvil's own treasury, so the buyers get governance votes without any addition to the 100 billion token supply.
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ADA open interest tracked by Santiment rose 25% to $304 million in two days, about 4.6 times the $66.8 million of stablecoins on Cardano. Another rejection at $0.28 would leave those new longs facing liquidation with few on-chain dollars to buy what they are forced to sell.
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Standard Chartered has placed a dedicated DeFi research desk beside its ETF and stablecoin access, citing DeFi value locked that reached $114bn in 2025. The move makes on-chain research part of the access layer the bank sells, grouped with the custody and trading it already offers.
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Coinbase-issued tokenized stocks drew $5.6 million of net DeFi deposits in a week, more than Robinhood and Binance tokens combined, per Token Terminal. The tokens are moving into protocols, but one week at that size cannot yet tell a user base from a one-off allocation.
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Standard Chartered has initiated coverage on seven DeFi and onchain infrastructure projects since mid-June, with Ethena the latest. Each has its own revenue and token model, so clients still need a single yardstick to weigh the seven against each other.
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Stripe-owned Bridge is issuing the OUSD stablecoin on four blockchains, with reserves held at BlackRock, Lead Bank and BNY. Open Standard has not said how much has been issued, so its list of more than 200 partner businesses is the only size figure on record.
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SEC's Innovation Exemption gives permissioned AMM trading of tokenized US-listed stocks five years of conditional relief, to September 2031. Every stock needs its issuer's consent to trade, so listed companies control how much evidence on DeFi's efficiency claims the window produces.
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