News linked to both this project and an event.
According to CoinDesk, the world's largest custodian bank, The Bank of New York Mellon (BNY), announced it will migrate its transfer agent core bookkeeping business to the blockchain, involving approximately $8.6 trillion in assets and 7.6 million accounts, aiming to establish a single on-chain ownership ledger and reduce reliance on multi-layer intermediaries. BNY client Baillie Gifford (managing over $261 billion) will be the first to use the service, launching the UK's first fully locally regulated tokenized fund, while BlackRock and its money market business Dreyfus also plan to follow suit. BNY stated that existing traditional systems will continue to run in parallel, with trillions of dollars in funds remaining on the traditional track in the short term.
: BNY Mellon is migrating its core transfer agent records onto the blockchain to create a single, on-chain ownership ledger and reduce reliance on intermediaries. The initiative will initially support clients including Baillie Gifford, BlackRock, and BNY's own Dreyfus, covering the first fully native, UK-regulated tokenized fund and other planned tokenized products. BNY and other major banks are building blockchain-based infrastructure and tokenized deposit networks. The bank anticipates that legacy systems will continue to coexist for several more years amid persistent cybersecurity and smart contract risks.
: The world’s largest asset management company, BlackRock, has expressed support for the CLARITY Act. Samara Cohen, Senior Managing Director and Head of Global Market Development at BlackRock, stated the bill represents a significant step toward establishing an investor-first regulatory framework for digital assets. Cohen stated the bill will help shape the next phase of market structure in the US by supporting innovation while maintaining transparency, resilience, and investor protection. Fidelity, Goldman Sachs CEO David Solomon, and Charles Schwab have previously expressed support for related legislation or clearer digital asset rules. Last week, the US Senate Republicans released an updated version of the CLARITY Act, integrating work from both the Senate Banking Committee and the Agriculture Committee. Senate Majority Leader John Thune indicated that relevant Senate work could extend beyond the August recess. Crypto advocacy group Stand With Crypto stated that it has sent over 925,000 emails to Congress in 2025, exceeding 1.1 million contacts with Congress since its founding. The organization said each Senate vote on the CLARITY Act will be included in a public congressional scorecard.
Odaily News on July 14, Bitcoin ETFs recorded net inflows of $181 million, and Ethereum ETFs recorded net inflows of $58.34 million. No outflows were observed for either Bitcoin or Ethereum ETFs on that day. BlackRock's IBIT saw net inflows of $139 million, Fidelity's FBTC posted net inflows of $21.07 million; all net inflows into Ethereum ETFs came from BlackRock's ETHA. HYPE, XRP, and Solana ETFs had no trading activity on the day. Morgan Stanley submitted a proposed amended filing for spot Ethereum and Solana ETFs, with the document covering service providers such as Coinbase Custody and staking provisions. Japanese policymakers are advancing reforms aimed at classifying crypto assets under the Financial Instruments and Exchange Act.
according to market sources, several financial and crypto institutions, including Visa, Stripe, Mastercard, BlackRock, and Coinbase, are planning to jointly launch a new stablecoin named "OUSD".The report states that the stablecoin project is expected to adopt a multi-party collaboration model and share related revenue mechanisms among the participating institutions. However, the specific structure, launch timeline, and regulatory arrangements have not yet been publicly disclosed.If the news is confirmed, it would mark a further deep integration between traditional payment giants and Wall Street asset management institutions in the stablecoin sector. The parties involved have not yet officially confirmed the reports.
Odaily reports, according to official announcements, Bitget has listed a total of 89 spot stock tokens, including rWMT (Walmart), rBAC (Bank of America), rFIG (Figma), rBLK (BlackRock), rF (Ford Motor), rAAL (American Airlines), and others.It is reported that the rTokens, identified by the letter r + stock ticker symbol (e.g., rNVDA for Nvidia), are issued by Reality, a licensed RWA protocol under Bitget. Through a partnership with the compliant broker Alpaca, they are directly connected to global liquidity pools such as Nasdaq and the NYSE. Their features include: 1:1 reserve backing of the underlying assets held by a licensed custodian; stock dividends distributed 1:1 in token form; support for synchronized mapping of corporate actions (such as stock splits and reverse splits); and the ability to use these holdings as joint margin for unified accounts and USDT-margined contracts, allowing users to flexibly manage their funds while holding global stock assets.
According to Bloomberg, BlackRock has launched a space-themed ETF for European investors—the iShares Space Technologies UCITS ETF, ticker: STAR. The index tracked by this ETF features an IPO fast-track inclusion mechanism, allowing newly listed companies to be added to the index’s constituent stocks within 10 to 30 days after their IPO through an ad-hoc rebalancing review—without waiting for the next scheduled rebalancing.
OdailyOdaily reports that Standard Chartered expects the market capitalization of tokenized on-chain assets to reach $4 trillion by the end of 2028, split evenly between stablecoins and real-world assets.Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered, stated that established DeFi protocols with strong risk metrics will be the primary beneficiaries. The composability of DeFi is a core advantage, citing BlackRock's BUIDL fund, which has approximately $2.85 billion in assets under management, as an example. BUIDL allows investors to earn yield while using the fund as collateral and maintaining liquidity. The passage of the Clarity Act is seen as a near-term catalyst accelerating the shift from traditional channels to DeFi.Data shows that Aave, the largest DeFi lending protocol, once ranked 38th among US banks in terms of asset size. Daily on-chain stablecoin lending volume stands between $1.5 billion and $2 billion. The lending product offered by Coinbase in partnership with Morpho has reached a loan size of $1.75 billion. (The Block)
Odaily. Bernstein stated in its latest research report that the newly reached compromise on stablecoin yields under the U.S. CLARITY Act is structurally beneficial for Circle and the USDC ecosystem.The report notes that the current version of the bill prohibits stablecoin issuers from paying interest to passive holders that is "economically equivalent" to bank deposits, but allows reward mechanisms tied to actual transaction, payment, and usage activities to continue. Bernstein believes this means Circle's current model, which relies on partners like Coinbase to provide USDC reward programs, will gain regulatory recognition, while also limiting the industry's ability to compete for market share through high yields.Bernstein points out that the bill effectively reinforces the positioning of stablecoins as "payment tools" rather than "deposit substitutes," helping to protect Circle's current business model that relies on reserve income. The firm maintains an "Outperform" rating for Circle with a $190 target price.Data shows that the total global supply of dollar-pegged stablecoins has surpassed $300 billion, with USDT and USDC collectively accounting for approximately 97% of the market share. Bernstein notes that USDC's share in on-chain payments and wallet transfers is steadily increasing, and its share of payments in the AI Agent payment protocol x402 has exceeded 99%.Additionally, Bernstein mentioned that Circle's ARC chain has cumulatively completed 244 million testnet transactions. The ARC token pre-sale previously raised $222 million, with investors including a16z crypto, Apollo Funds, ARK Invest, and BlackRock.However, the report also points out that the CLARITY Act still needs to complete multiple legislative procedures before it takes effect, including a 60-vote threshold in the full Senate and coordination with the House version. Polymarket currently estimates its probability of passage by 2026 at approximately 62%. (The Block)
According to The Block, Matt Hougan, Chief Investment Officer at Bitwise, noted that three enterprise-grade blockchains—Arc (by Circle), Canton Network, and Tempo (by Stripe)—have collectively raised over $1 billion in funding recently. All three funding rounds occurred after the signing of the GENIUS Act in July 2025. Hougan believes this legislation broke a prior regulatory stalemate that had discouraged institutional capital from entering the space. Hougan identified three key signals: First, all three blockchains prioritize native privacy-preserving transactions as a core design feature, addressing institutions’ need for transaction confidentiality. Second, the implementation of the GENIUS Act has significantly reduced regulatory uncertainty; the next critical variable is the pending Clarity Act, from which stablecoins and tokenization infrastructure stand to benefit. Third, these blockchains are backed by top-tier institutions—including Goldman Sachs, Citadel, BlackRock, Stripe, and Visa—marking a stark contrast to Ethereum and Solana, which emerged from grassroots origins. Hougan stated that his firm’s capital remains primarily allocated to native crypto projects, and he believes these emerging enterprise chains will raise the overall competitive bar and attract additional capital inflows.
BlackRock has submitted an application to the U.S. Securities and Exchange Commission for a new tokenized fund structure, once again choosing Securitize to provide infrastructure support.BlackRock's first tokenized fund, BUIDL, launched in 2024, has since grown to approximately $2.3 billion in assets under management. The new filing outlines a model that integrates blockchain-based ownership records with regulated transfer agents and investor access systems.
asset management giant BlackRock has filed a new tokenized fund structure application with the U.S. Securities and Exchange Commission (SEC), again selecting Securitize as the provider of underlying technology and issuance infrastructure. According to the filing, the fund will record ownership on the blockchain and integrate with regulated transfer agents and investor access systems. Specifically, Securitize Transfer Agent, LLC will be responsible for maintaining the official registry and ownership records of fund shares across multiple public blockchains, achieving the integration of on-chain assets with traditional compliance systems.This application represents a further expansion built on the success of its first tokenized fund, BUIDL. Since its launch in 2024, the product's scale has grown to approximately $2.3 billion. Market data shows that the total market size for real-world asset (RWA) tokenization has now surpassed $30 billion, with institutional capital accelerating its shift from experimental phases towards compliant, scaled on-chain financial infrastructure development.
According to PRNewswire, market analysis reports indicate that Coinbase and Kraken together account for 22% of all AI mentions across the cryptocurrency category—Coinbase accounts for 13%, and Kraken for 9%—holding a lead over other U.S. trading platforms by more than threefold. Gemini ranks third with 5.5%, Robinhood Crypto fourth with 5%, and BlackRock’s spot Bitcoin exchange-traded fund (ETF), IBIT, fifth with 4.5%, dominating queries related to “Bitcoin ETFs.” Additionally, hardware wallets are losing influence in AI responses: while Ledger and Trezor still dominate queries related to “cryptocurrency wallets,” AI increasingly recommends custodial solutions offered by regulated trading platforms when addressing questions about the “best way to store cryptocurrency assets.” (Note: “AI mentions” refers to how frequently an AI chatbot references a particular brand, product, or company when responding to user queries.)
BlackRock has submitted a comment letter to the Office of the Comptroller of the Currency (OCC), opposing the reserve asset restrictions proposed in its draft rules implementing the GENIUS Act. In the comment letter, the firm specifically targets the rules for "permitted payment stablecoin issuers," calling for no quantitative cap on tokenized reserve assets.BlackRock stated that the proposed restrictions are unrelated to regulatory objectives, and the risk of reserve assets should be determined by their credit quality, duration, and liquidity rather than whether they are held or transferred on a distributed ledger. This comment letter was submitted in response to multiple rule proposals from the OCC covering reserve composition, capital requirements, custody, and other related matters. (The Block)
the open interest (OI) for options on the Bitcoin spot ETF, IBIT, issued by BlackRock, rose to $27.61 billion on Friday, surpassing the $26.9 billion in the Bitcoin options market on the crypto derivatives platform Deribit for the first time.According to Volmex data, the call options holdings in IBIT are primarily betting that the Bitcoin price will rise to $109,709 in the short term, approximately 41% higher than the current level of around $77,400. Meanwhile, the Deribit market mainly expects Bitcoin to rise to about $106,000. Additionally, the average time to maturity of IBIT options is about two months longer than those on Deribit, indicating that investors in the regulated U.S. market are more inclined towards long-term holdings and stronger bullish sentiment. This further highlights the accelerating trend of institutionalization in the Bitcoin market. (CoinDesk)