News linked to both this project and an event.
Tether announced that its gold-backed digital asset XAU₮ has received Sharia compliance certification from Amanah Advisors, an institution led by Mufti Faraz Adam. The certification confirms that XAU₮ adheres to the core principles of Islamic finance. XAU₮ is issued by TG Commodities, S.A. de C.V., with each full token representing direct ownership of physical gold stored in Swiss vaults. Certification requirements include genuine ownership of physical gold, clear and verifiable asset backing, no interest (riba), no leverage or speculative derivatives, and transparent reserve structures. Tether stated that XAU₮ can be used for integrating digital gold products into Islamic banking, takaful and halal savings products, long-term wealth preservation strategies, as well as tokenized trade finance and collateral applications. Amanah Advisors will continue to work with Tether to develop practical guidelines and governance frameworks to support the adoption of XAU₮ in a Sharia-compliant manner.
BitcoinTreasuries.NET posted on X, stating that Swedish public company Bitcoin Treasury Capital has launched Europe’s first BTC-backed preferred stock on the Spotlight Stock Market, trading under the ticker BTC PREF. The product offers an annual dividend of 10%, paid on a monthly basis.
The South Korean government has released a "Roadmap for the Internationalization of the Won," aiming to transition the currency from a regulated currency to a freely convertible one. The roadmap was jointly formulated by the Financial Services Commission, the Bank of Korea, the Financial Supervisory Service, and the Korea Securities Depository. The Bank of Korea also plans to advance a tokenized treasury bond pilot project linked to an institutional CBDC (Central Bank Digital Currency). Additionally, South Korea will participate in Project Agora, an international payment initiative led by the Bank for International Settlements (BIS). (coinpost)
: AI reasoning cloud startup General Compute has obtained a $400 million loan from Upper90. This deal is the world’s first financing project to use dedicated inference chips as collateral. The company has built a proprietary AI reasoning cloud platform based on SambaNova’s self-developed ASIC chips, primarily targeting Agent-type AI computing workloads. Compared to traditional GPU clouds, it offers faster token processing speeds and lower operational latency. The hardware requires no water cooling and can be directly deployed in traditional data centers and idle cryptocurrency mining facilities.
Bilal bin Saqib, Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA), has requested Jamia Darul Uloom Karachi to clarify the distinction between speculative cryptocurrencies and asset-backed digital tokens, following the religious institution’s ruling that cryptocurrency-based purchases are not compliant with Islamic law. The ruling pertains to a consultation on using cryptocurrencies to pay for books and online course fees. Waqas Ghani, Head of Research at JS Global Capital, stated that the ruling could hinder bank-led cryptocurrency adoption in Pakistan, but trading volumes have not yet been affected. Saqib stated that PVARA is working with scholars to evaluate digital assets by category, rather than treating them as a single class. He noted that blockchain-recorded Sukuk represent ownership of real income-generating assets, while gold-backed tokens and fully-reserved stablecoins correspond to redeemable value. He added that speculative tokens without underlying assets fall into a different category, and scholars' concerns must be taken seriously. PVARA will continue to collaborate with scholars as it develops a licensing framework in Pakistan and advances efforts in stablecoins and the tokenization of real-world assets.
BitcoinTreasuries.NET posted on X platform, stating that Bitcoin Treasury Capital has been approved to list Sweden's first BTC-backed preferred stock, BTC PREF, on the Spotlight Stock Market, offering a 10% annual dividend, with trading set to begin on July 20.
the UK government is accelerating the tokenization of its financial markets. 54 financial institutions, including BlackRock, Goldman Sachs, JPMorgan Chase, HSBC, and UBS, have joined the Wholesale Digital Markets Working Group supported by HM Treasury.Backed by the City of London Corporation, the working group will explore real-world tokenization use cases in the UK financial markets over the next year, with an initial focus on tokenised repurchase agreements (tokenised repo).Chris Woolard, the HM Treasury’s lead on wholesale digital markets, stated in a report that the tokenized financial market represents a "network race" and that the UK must move at the fastest possible pace, or risk missing the opportunity to participate in the global digital financial infrastructure buildout. (CoinDesk)
on July 10, 2026, Metaplanet announced a joint research initiative with JPYC, Progmat, and Metaplanet Securities to explore Bitcoin-backed digital credit products. The plan involves using Bitcoin as collateral for tokenization tools, including settlements via a yen-pegged stablecoin and digital corporate bonds managed by security tokens. As of the end of the second quarter of 2026, Metaplanet held approximately 43,000 BTC, valued at $2.75 billion based on Saturday's BTC exchange rate. Metaplanet stated that the research has not yet yielded a product, and no issuance date, interest rate, product structure, or sales method has been determined. Its 43,000 BTC holdings have not been staked to any specific product at this stage. (Bitcoin.com News).
Metaplanet, JPYC, and Progmat have initiated a joint research study on Bitcoin-backed digital credit products that support round-the-clock trading and daily interest accrual. (Solid Intel)
on July 1, 2026, STBL launched the institution-grade stablecoin USST on the Stellar network. This stablecoin is backed by real-world assets, with the initial minting collateral being the tokenized Treasury bill USDY. USST is built on STBL's Stablecoin 2.0 infrastructure, allowing market participants to deposit eligible real-world assets, such as tokenized Treasury bills or money market funds, to mint USST. It supports settlement, collateral liquidity, and cross-border payments. STBL plans to add Franklin Templeton's BENJI as a second collateral option but has not yet set a date for the BENJI collateral integration, nor has it disclosed the initial minting size of USST on Stellar.
Brian Armstrong posted on X platform, stating that the U.S. Constitution is the most important political innovation in history, but it lacks two crucial elements: a cap on government spending growth and a requirement for a hard asset-backed currency. Without these two elements, every democracy tends toward more debt and eventually loses its reserve currency status, as seen in The Changing World Order. The U.S. national debt stands at $39 trillion and is increasing by approximately $1 trillion every 100 days. Currently, interest payments have exceeded the defense budget, and the existing mechanisms cannot stop this trend. Politicians get elected by promising free benefits funded by other people's money. Some voters benefit in the short term, while the negative impacts of spending are borne by future generations who have no voting rights. The incentive structure is already broken. Solutions include drafting new constitutions in frontier areas such as Mars, special economic zones, and cyberspace; adjusting incentive structures in existing systems through amendments, though this is politically challenging; or outpacing inflation through ultra-high economic growth driven by AI, robotics, and cryptocurrency.
According to The Bangkok Post, the Bank of Thailand is advancing a stablecoin plan pegged 1:1 to the Thai Baht and is expected to hold public hearings before the end of this year.
: ETF Store President Nate Geraci posted on the X platform that Atlas Capital, with the participation of "Dr. Doom" Nouriel Roubini, is planning to launch a digital token backed by US-listed ETFs.Nate Geraci quoted relevant statements as saying, "Bitcoin and other cryptocurrencies are not real currencies. We need better collateral, higher-quality reserve assets, and more reliable stores of value."Geraci believes that, given Roubini's long-standing critical stance on cryptocurrencies, his involvement in launching a digital asset-related product carries significant symbolic importance and represents a noteworthy industry trend.
Coinbase announced on the X platform that the first batch of real, 1:1 backed tokenized stocks is coming soon. Users will be able to hold actual tokenized stocks of U.S. companies, and trade, hold, and redeem them on-chain while automatically receiving dividends. This product is neither a derivative nor an IOU.
According to an official announcement, Circle has launched cirBTC on Ethereum. cirBTC is a wrapped Bitcoin asset backed 1:1 by native BTC and can be used in on-chain financial applications such as lending protocols, over-the-counter (OTC) trading, market making, treasury management, and settlement—enabling institutions to use their BTC as collateral without selling it.
Bitcoin Treasury Capital has just announced the launch of Sweden's first BTC-backed preferred stock, BTC PREF, offering an annual dividend of 10%. Trading is expected to commence on July 20 on the Spotlight Stock Market. The issuance is anticipated to raise $2.5 million to purchase additional BTC. (BitcoinTreasuries.NET)
According to Cointelegraph, Coinbase and Better Home & Finance announced they will launch a cryptocurrency-backed mortgage program in summer 2026, enabling qualified borrowers to use bitcoin (BTC) or USDC as collateral to fund down payments on mortgages backed by Fannie Mae. This initiative follows the U.S. Federal Housing Finance Agency’s (FHFA) directive in June 2025 instructing Fannie Mae and Freddie Mac to include crypto assets in mortgage risk assessments—without requiring conversion into fiat currency. Other lenders, including Newrez, have already begun adopting similar measures. However, some U.S. senators have expressed concerns that cryptocurrency price volatility could threaten housing market stability. Republican Senator Cynthia Lummis has introduced the “21st Century Mortgage Act,” aiming to codify this policy into law.
Coinbase announced on the X platform that the first mortgage in the United States backed by Bitcoin as the underlying asset and guaranteed by Fannie Mae has been successfully issued. The loan was originated and serviced by Better, with technology provided by Coinbase. Coinbase stated that the product will be rolled out nationwide this summer, offering innovative mortgage options for Bitcoin holders while advancing the application of crypto assets in traditional finance.
Helion, a nuclear fusion energy startup backed by OpenAI founder Sam Altman, has announced the completion of a $465 million funding round, led by Thrive Capital. The post-investment valuation has reached $15.5 billion, nearly three times its previous valuation of $543 million. It is reported that the company is dedicated to developing nuclear fusion technology to power data centers and other customers. However, it has yet to prove the feasibility of its technology in actual electricity production. Investors remain highly confident in its potential, and this round of funding will be used to accelerate technology development and commercial advancement. (The Information)
According to an official announcement, Tether has partnered with digital banking and investment platform Fasset to launch the world’s first gold-backed Visa card.