News linked to this event type.
Odaily reports: The Stellar Development Foundation (SDF) has announced a strategic investment in Marketnode, an Asia-Pacific digital market infrastructure operator, to expand institutional investors' access to tokenized real-world financial assets through the Stellar network. Marketnode is backed by Euroclear, HSBC, Singapore Exchange Group, and Temasek, with operations covering the issuance, distribution, and servicing of funds, credit, and structured products, connecting asset management institutions, issuers, distributors, and qualified investors.
the Bank of England (BoE) has opened a consultation on central counterparties (CCPs) accepting digital representations of eligible collateral, and stated that current rules already permit the use of such assets when they meet clearing standards. The proposed supervisory statement will clarify what CCPs need to address when submitting applications under the existing approval process, without creating new regulatory obligations.The Bank of England stated that tokenized collateral must remain capable of valuation, transfer, and liquidation under stress scenarios, and that faster cross-jurisdictional asset transfers could help firms meet margin requirements. The consultation will close on February 12, 2027, and the central bank expects to publish its policy response and related rules later this quarter. (Cointelegraph)
According to the official announcement from Chainlink, Chainlink 24/7 is now live, providing 24/7 on-chain market data for real-world assets (RWA) such as stocks and commodities, covering weekends and holidays, and supporting tokenized asset trading, collateral valuation, and on-chain risk management. Decentralized lending protocol Aave has become the first partner and will utilize this service for 24/7 collateral management.
Odaily Report: PhotonPay has announced the completion of a $40 million Series C funding round, led by Blockchain Capital, with new investor SBI Group participating, and IDG Capital, GL Ventures, and Lightspeed Faction also joining. The project is a Hong Kong-based fintech company dedicated to developing a stablecoin-centric financial operating system, offering multi-asset wallets, global card issuance, and local clearing services, while advancing a financial execution layer for AI agents. As of August 2026, PhotonPay's annualized transaction volume reached $65 billion, and it has obtained 34 payment and financial licenses or authorizations across the Americas, Europe, and Asia, serving more than 200,000 enterprise clients with operations covering over 200 countries and regions.
Kalshi co-founder and CEO Tarek Mansour announced that Kalshi has completed a $1 billion Series G funding round, led by Sequoia Capital and Wellington Management. Other investors participating in the round include Baillie Gifford, Morgan Stanley Investment Management, Coatue Management, and Andreessen Horowitz, at a valuation of $40 billion. (The New York Times)
research firm Decentralised.co (DCo) has released a report stating that the share of non-crypto asset trading volume on Hyperliquid rose from zero in September 2025 to a peak of 51% in July 2026, and stood at approximately 30% in October 2026; on October 27, such trading accounted for 40% of the platform's $7.2 billion in daily trading volume, with single stocks being the largest trading category that day.The report uses a 2029 global futures and equities market size of $934 trillion as its base, with the base-case scenario assuming crypto trading volume grows to 3 times the current level, a 3% share of the non-crypto market, a blended fee rate of 0.006%, USDC yield falling to 3.6%, and HIP-4 contributing $100 million in revenue; on this basis, it estimates that 2029 revenue will rise from $944 million to $4.91 billion, corresponding to an HYPE price of $128 at a 40x valuation, $98 at a 30x valuation, and $165 under the optimistic scenario, with the current HYPE price at approximately $77. The report states that if the non-crypto fee rate falls to CME's 0.0004%, the base valuation would drop to $66; Binance has already listed 229 TradFi perpetual contracts this year, with average daily trading volume of $13.4 billion, higher than Hyperliquid's $2.3 billion.
The London Metal Exchange (LME), owned by Hong Kong Exchanges and Clearing (HKEX), is exploring the tokenization of metal inventories stored in Hong Kong warehouses, turning them into digital assets that can be used as loan collateral and for other financing activities, in alignment with Hong Kong's strategy to develop into an international commodities trading hub. LME said it is currently in the early stages of tokenizing metal inventories for which no warehouse receipts have been issued. Unlike warrant-backed metals, which already have standardized financing mechanisms, these inventories currently lack mature financing channels. Sources familiar with the matter said LME plans to hold a closed-door industry roundtable in early November to discuss the initiative. HKEX is also testing the tokenization of carbon credits to enable near-real-time transaction settlement.
Bernstein believes capital inflows are primarily concentrated in application platforms with stable or accelerating revenues, alongside usage-based software driven by expanding AI workloads. The report remains confident in the business durability of select enterprise platforms but still voices concerns over growth and valuation divergences for hot stocks. Its stock-picking framework focuses on operational improvements, AI monetization capabilities, and the disconnect between market sentiment and fundamentals.
Odaily reports: Sony Group has announced the launch of the global Sony Onchain Entertainment Incubation Program, aimed at creators and startups worldwide, supporting them in developing entertainment-related products and services on Soneium. Selected projects will receive technical infrastructure, partnership opportunities, as well as support for business development, marketing, community operations, and financing. Sony stated that since 2024, it has supported 43 projects globally through two previous rounds of the incubation program. The application period for the new program runs from October to December 2026, with project selection expected to continue through March 2027.
Odaily Report: After a publicly listed company under Japan's GMO Internet Group suffered a cyberattack, related risks are spreading to Japan's credit market. Data shows that the spread on a GMO Internet Group yen bond maturing in June 2031 widened to approximately 174 basis points on October 28, up from about 122 basis points on October 20—before the company disclosed the unauthorized access incident—reflecting investor concerns over damaged earnings and rising compensation costs.The GMO subsidiary that provides cloud services disclosed on October 21 that it had suffered unauthorized access and received a ransom demand of approximately 8 billion yen (about $50.7 million). The attackers subsequently published data they claimed contained customer information. GMO refused to pay the ransom and plans to compensate customers for their losses. Analysts noted that as AI-powered cyberattacks increase, such incidents could affect corporate financing and bond issuance arrangements.GMO Internet operates the cryptocurrency exchange "Z.com EX," which has obtained licenses from the Thailand Securities and Exchange Commission and the Thai Ministry of Finance. The exchange disclosed that it has been acquired, with the acquisition involving all shares of the target company held by shareholders including GMO Internet and its related subsidiaries. It remains unclear whether customer information data involves the related cryptocurrency exchange. (Bloomberg)
HSBC assesses that, given previous $35 billion in financing that supported over 1 gigawatt, this transaction would roughly support a 1.7 to 1.8 gigawatt deployment. This falls short of management's 2027 target of 5 gigawatts, and funding continuity will require monitoring going forward.
Morgan Stanley assesses that the delivery of new production capacity has met high market expectations, and further valuation appreciation will require support from improved profit margins.
Existing shareholders collectively made follow-on investments totaling 170 billion KRW, with Nextrans contributing an additional 48 billion KRW and the Korea Development Bank adding 30 billion KRW, while NAVER, DSC Investment, and KDB Capital also participated in the round. The Korea Export-Import Bank selected FuriosaAI for its first direct investment in a startup. UAMCO invested 40 billion KRW, making it the largest among new domestic investors. The funds will be allocated to the global commercialization of the second-generation AI chip RNGD and the third-generation AI accelerator co-developed with Broadcom.
As reported by Bloomberg, AI data center developer Nscale, which has transitioned from a Bitcoin mining company, will proceed with its planned IPO on schedule, targeting a $30 billion valuation. However, Nscale's listing comes amid strain in the AI infrastructure sector. While the company claims to have secured $103 billion in contracts, it has only delivered 55 megawatts of capacity as of August 2026, compared to a potential contract demand requiring 10 gigawatts. Additionally, Nscale's data center projects face delays, safety violations, and operational challenges, with Microsoft recently withdrawing from one of its data center projects in the UK.
Y Combinator has released a startup guide for the crypto sector, noting that over the past year, growth in the crypto industry was driven by institutions rather than consumers for the first time. Use cases are shifting from speculative trading to real-world financial needs such as oil hedging and cross-border corporate treasury flows, and the firm expects crypto adoption to accelerate further.The firm believes that various asset classes will accelerate toward tokenization, expanding from stablecoins and equities to real estate titles, debt, and commodities. Meanwhile, startup equity and small-value assets that were previously difficult to securitize may also enter the market through on-chain issuance. Around these assets, financial infrastructure such as trading, lending, and derivatives will continue to develop, and AI agents may become important financial participants.For startup directions over the next 6 months, Y Combinator is focusing on AI fundraising, USD and other fiat stablecoins, neobanks, real-world asset (RWA) tokenization, trading platforms, and crypto API infrastructure for AI agents. The firm believes that while traditional financial institutions face challenges, this also creates startup opportunities for a new generation of fintech companies.
Odaily reports: Bitcoin mining company IREN has announced the completion of a $363 million financing facility arranged by Wingspire Equipment Finance, secured by AI computing equipment that is already operational and generating revenue, to refinance recently purchased GPU servers and networking equipment. The facility was provided by six lenders, with Eldridge Capital Management and Silver Point Capital making major funding commitments. The financing is primarily secured by the relevant equipment and supported by multi-year customer contracts, with specific interest rates and terms not yet disclosed.This refinancing will help IREN recover capital already invested in operational infrastructure for further expansion. IREN is transitioning from Bitcoin mining to AI cloud services. Its AI cloud business revenue for the fiscal year ending June 30, 2026, reached $128.8 million, up from $16.4 million in the previous fiscal year; Bitcoin mining revenue still reached $578.2 million. The company reported a net loss of $702.6 million for the same period, including $638.8 million in non-cash asset impairments primarily related to retired Bitcoin mining machines. (theenergymag)
According to Bloomberg, asset management giant Pacific Investment Management Company (PIMCO) had heavily participated in debt financing for AI data centers in 2025. However, it recently successfully avoided partial losses from the pullback in the AI bond market and realized profits by exiting portions of its positions early, conducting interest rate hedging, and walking away from some follow-on transactions.
Circle has submitted a comment letter to the U.S. Securities and Exchange Commission regarding proposed crypto asset regulation rules, supporting the promotion of innovation under clear rules while maintaining transparency, investor protection, market integrity, liquidity, and efficiency. Circle recommends that the relevant rules be aligned with the GENIUS Act and requests clarification that payment stablecoins compliant with the Act may be used for on-chain capital formation and settlement, and that they constitute "cash" under proposed Rule 302(b), subject to the corresponding USD valuation, accounting, and customer reserve treatment. Circle also recommends reducing the broker-dealer haircut for payment stablecoins compliant with the GENIUS Act from 2% to zero, and requests that the SEC clarify that technical services provided after network operation do not constitute necessary administrative functions, while establishing a safe harbor rule for technology roadmaps.
According to Investing.com, NASDAQ-listed IREN Limited (IREN) has completed a $363 million equipment financing deal with Wingspire Equipment Finance to refinance GPU servers and networking systems deployed in data centers.
Ibis is responsible for originating, tokenizing, managing risk, and servicing structured credit financing, initially focusing on crypto and prediction markets, with future plans to expand into emerging sectors such as GPUs, robotics, and venture capital.