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Bond creates a new type of online relationship built on trust with real commitment and no lock-in. Bond sits between a free “follow” and a recurring subscription: you bond money to someone once, they earn the interest, and you can withdraw your money anytime. Since a bond is refundable, bonding is effectively free and built on trust from day one. The result is a verified audience list of real people with real intent and skin in the game. Bond was formerly known as Royal, which is an NFT music marketplace.
GMO Ransomware Attack Hits Japan's Credit Market, Bond Spread Widens 52 Basis Points in 5 Days
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)
Perfectly Timing the Cash-Out Exit? PIMCO Sells Down Meta Debt at High Levels to Avoid Partial AI Bond Market Losses
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.
S&P Grants Revolut BBB+ Rating for the First Time, Expects Bond Issuance Next Year
Odaily reports: S&P Global Ratings released a report on Thursday, assigning UK digital bank Revolut a BBB+ investment-grade rating for the first time, and expects the company to issue senior unsecured bonds in 2027 to build a debt buffer capable of absorbing potential losses and meeting regulatory requirements. The report noted that Revolut's balance sheet has exceeded £40 billion (approximately $53.5 billion); should the bank fail, the Bank of England could push for a restructuring in which investors would bear corresponding losses.S&P expects that as Revolut expands its unsecured retail lending business and launches mortgage products, its loan portfolio will double in 2027 and double again in 2028. S&P believes that Revolut has a strong consumer brand, a scalable technology platform, and increasingly diversified products, but its share of primary banking relationships remains lower than that of traditional banks, and rapid global expansion could also exacerbate operational complexity and compliance risks. BBB+ is among the lower tiers of S&P's investment-grade ratings. (Bloomberg)
CoreWeave High-Yield Bond Yield Rises to 15%, As AI Firms' Financing Pressure Sparks Market Concerns
According to Bloomberg, CoreWeave's financing developments are exacerbating market concerns over the funding capabilities of AI companies. Following statements from its co-founders that they are exploring entry into the investment-grade debt market and securing insurance company capital, its high-yield bond yields rose to 15% this week, reaching a level typically viewed as indicative of distressed debt. Some creditors are concerned that the company will continue to incur significant debt in the future.
JPMorgan: Corporate financing surplus nears 2% of GDP, share buybacks support US stocks
According to Chaohang Research, JPMorgan’s September 24, 2026 research report indicates that U.S. corporate financing surplus in Q2 2026 approached 2% of GDP, marking the highest level for non-crisis periods since data tracking began in 1952. Non-financial corporate surplus stood at approximately 1.5%, the highest for non-crisis periods since 1958. Global equity buybacks are projected to reach $1.7 trillion in 2026, with U.S. corporations accounting for $1.3 trillion. Bitcoin’s production cost is approximately $85,000; after trading below this threshold for 280 consecutive days, the price has finally broken through. Network hash rate and mining difficulty have decreased by roughly 19% and 15%, respectively, from their peaks last October. JPMorgan notes that cash flow growth outpaces capital expenditures, indicating that the corporate sector as a whole does not require additional financing. This financing surplus underpins share repurchases, particularly among firms outside the technology sector. AI-driven capital expenditures are crowding out other spending, keeping overall capex growth moderate, and the exuberance of the late 1990s has yet to return. Bitcoin miners are structurally shifting toward AI operations, lowering forced selling risks, though hash rate expansion has decelerated. Bond futures momentum indicators have moved into more extreme bearish zones, with standard deviation scores for the 10-year U.S. Treasury and German Bunds reverting to -1.7 and -1.5, respectively.
SoftBank Plans to Raise Another $10-20 Billion via Bond Issuance Next Week, Boosting AI Financing Firepower
Odaily News: SoftBank Group is finalizing nearly $21 billion in potential new borrowing this week to expand its AI-sector financing capacity. People familiar with the matter said SoftBank has increased the size of a margin loan backed by shares of its chip subsidiary Arm Holdings by $5 billion to $25 billion, and added $450 million to an existing credit facility, bringing the total to $6.5 billion. In addition, SoftBank plans to raise another $10 billion to $20 billion next week through another mega bond deal. (Bloomberg)
S&P Grants Revolut BBB+ Rating for the First Time, Expects Bond Issuance Next Year
Odaily reports: S&P Global Ratings released a report on Thursday, assigning UK digital bank Revolut a BBB+ investment-grade rating for the first time, and expects the company to issue senior unsecured bonds in 2027 to build a debt buffer capable of absorbing potential losses and meeting regulatory requirements. The report noted that Revolut's balance sheet has exceeded £40 billion (approximately $53.5 billion); should the bank fail, the Bank of England could push for a restructuring in which investors would bear corresponding losses.S&P expects that as Revolut expands its unsecured retail lending business and launches mortgage products, its loan portfolio will double in 2027 and double again in 2028. S&P believes that Revolut has a strong consumer brand, a scalable technology platform, and increasingly diversified products, but its share of primary banking relationships remains lower than that of traditional banks, and rapid global expansion could also exacerbate operational complexity and compliance risks. BBB+ is among the lower tiers of S&P's investment-grade ratings. (Bloomberg)
Virtu Financial, M1X Global, and Tradeweb Complete First On-Chain Repo Transaction Using Sovereign Digital Bond as Collateral in Under 10 Minutes
Odaily News - Financial services firm Virtu Financial, M1X Global, and electronic trading platform Tradeweb have completed an on-chain repo transaction using the Republic of the Marshall Islands' USDM1 sovereign digital bond as collateral. The entire transaction was executed on the Canton Network and settled in under 10 minutes.USDM1 is a U.S. dollar-denominated, on-chain issued sovereign bond, backed 1:1 by short-term U.S. Treasuries. It pays a coupon while serving as collateral and constitutes a fully collateralized sovereign obligation under New York State law. The parties involved stated that this is the first repo transaction combining natively issued sovereign collateral with fully on-chain atomic settlement.USDM1 is available for electronic trading via Tradeweb, with institutional custody services provided by Anchorage Digital, BitGo, and tZERO. The Canton Network is designed for institutional finance, featuring privacy and permissioning mechanisms for regulated transactions and tokenized assets. (Cointelegraph)
Securitize and Neuberger Launch High-Yield Bond Tokenized Fund; Neuberger's Fixed Income Platform Exceeds $230 Billion
Odaily News - Digital asset tokenization platform Securitize, in partnership with asset management firm Neuberger, has launched the Neuberger Securitize High Income Tokenized Fund (HINC). The fund primarily invests in high-yield bonds and may also allocate to collateralized loan obligations (CLOs) and leveraged loans.HINC will be issued on four public chains—Avalanche, Ethereum, Solana, and Sui—and is available exclusively to eligible qualified investors and qualified purchasers. Investors must undergo customer identification and anti-money laundering screening, and comply with jurisdictional restrictions and securities rules.Neuberger will handle portfolio management and research, Securitize Capital will serve as investment advisor, Securitize Markets will provide fund shares, and other affiliates will manage tokenization, administration, and operational services. Neuberger's fixed income platform manages over $230 billion in assets.Securitize disclosed that its tokenized asset management scale has reached $3.4 billion, with first-quarter revenue of $19.5 million, up nearly 40% year-over-year. The company began trading on July 2, becoming the first firm to list shares on both the New York Stock Exchange and on-chain simultaneously. (Bitcoin.com News)
Standard Chartered Bank Analyst: US Treasury Expands Long-Term Bond Buyback, BTC May Hit $100,000 by Year-End
According to Cointelegraph, Standard Chartered Bank analyst Geoff Kendrick pointed out in the latest client report that the U.S. Treasury announced the scale of 10- to 30-year Treasury bond buybacks will be at least doubled from $2 billion per operation to $4 billion, with an execution period from September 9 to November 4. This policy drove long-term U.S. Treasury yields down significantly, effectively alleviating selling pressure in the bond market. Kendrick stated that such government liquidity interventions have historically been bullish for Bitcoin, and coupled with its fixed supply attribute, BTC is expected to hit $100,000 before the end of the year. Technically, he views $65,500 as a key support level; once effectively broken above, it can confirm that the bottom of this cycle has appeared.
Standard Chartered Bullish on Bitcoin Hitting $100,000 by Year-End: U.S. Treasury Expanding Bond Buybacks Could Be Key Catalyst
Odaily News – Geoff Kendrick, Head of Digital Assets Research at Standard Chartered Bank, stated that Bitcoin (BTC) could rise to $100,000 by the end of 2026 as the U.S. Treasury expands liquidity support for the long-term bond market.In a recent client report, Kendrick noted that Bitcoin's current key technical resistance level is $65,500. If the price breaks through this level, it could signal that the cyclical low for this market cycle has already formed. He suggested investors begin positioning for a Bitcoin rally to $100,000 by year-end. Kendrick stated that beyond the four-year cycle pattern for Bitcoin, which suggests the market may be nearing a bottom, the U.S. Treasury's recent announcement to expand long-term bond buybacks is also a significant catalyst.The U.S. Treasury plans to raise the cap on buyback operations for 10- to 20-year and 20- to 30-year Treasury bonds from $2 billion to at least $4 billion per operation. The expanded program is scheduled to be implemented from September 9 to November 4. Following the announcement, yields on long-term U.S. Treasuries notably declined, easing the pressure that the significant sell-off in the bond market had placed on financial markets.Kendrick believes the Treasury's expanded bond buybacks represent a "favorable environment for Bitcoin," as Bitcoin has previously benefited multiple times from government liquidity interventions, while its fixed supply mechanism gives it properties that hedge against currency debasement. In the market, Bitcoin rose over 6% on Wednesday, briefly approaching $69,000, marking its highest level since early June. Kendrick has previously been repeatedly bullish on Bitcoin's long-term trajectory, arguing that as global fiscal pressures increase and monetary policy trends toward easing, Bitcoin may enter a new long-term upward cycle. (Cointelegraph)
U.S. Manufacturing Expansion Hits Four-Year High, Yet Bond Market Falls into a "Credibility Blind Spot"
Odaily News, July saw the U.S. manufacturing PMI rise to 55.6, the highest since 2022, with both production and employment recovering. However, strong demand and geopolitical inflation concerns have roiled the bond market, with Bank of America warning that the Federal Reserve is facing a credibility test. The hot manufacturing performance, coupled with geopolitical inflation threats, has sent U.S. Treasury markets into sharp turbulence. Long-dated Treasuries have recently faced heavy selling, with yields briefly surging to near two-decade highs.Mark Cabana, Head of U.S. Rates Strategy at Bank of America, commented on this, calling the bond market's violent swings a "textbook inflation credibility shock."Cabana noted that the core driver of the market turmoil is not the data itself, but the Fed's lack of policy communication. He specifically pointed to Fed Chair Kevin Warsh's performance at a recent press conference, arguing that Warsh failed to clearly articulate how the Fed would achieve its 2% inflation target."Standing firm on the inflation target is one thing, but if you don't tell the market the specific path, investors won't buy it," Cabana said bluntly in a Bloomberg TV interview. "The bond market cannot be fooled; it sees through all appearances." (Jin10)
JPMorgan: Corporate financing surplus nears 2% of GDP, share buybacks support US stocks
According to Chaohang Research, JPMorgan’s September 24, 2026 research report indicates that U.S. corporate financing surplus in Q2 2026 approached 2% of GDP, marking the highest level for non-crisis periods since data tracking began in 1952. Non-financial corporate surplus stood at approximately 1.5%, the highest for non-crisis periods since 1958. Global equity buybacks are projected to reach $1.7 trillion in 2026, with U.S. corporations accounting for $1.3 trillion. Bitcoin’s production cost is approximately $85,000; after trading below this threshold for 280 consecutive days, the price has finally broken through. Network hash rate and mining difficulty have decreased by roughly 19% and 15%, respectively, from their peaks last October. JPMorgan notes that cash flow growth outpaces capital expenditures, indicating that the corporate sector as a whole does not require additional financing. This financing surplus underpins share repurchases, particularly among firms outside the technology sector. AI-driven capital expenditures are crowding out other spending, keeping overall capex growth moderate, and the exuberance of the late 1990s has yet to return. Bitcoin miners are structurally shifting toward AI operations, lowering forced selling risks, though hash rate expansion has decelerated. Bond futures momentum indicators have moved into more extreme bearish zones, with standard deviation scores for the 10-year U.S. Treasury and German Bunds reverting to -1.7 and -1.5, respectively.
Deutsche Bank: Tech Stock Rotation Still Has Room, Positioning Not Yet at Previous Highs
According to Trend Research, Deutsche Bank's September 25, 2026 research report states that tech stocks have risen 14% since late July, while the rest of the S&P 500 has declined 3%. Tech stock positioning stands at the 80th percentile, down from a peak of 99 percentiles in early June. Overall large-cap positioning is at the 79th percentile, systematic strategies at 91 percentiles, and discretionary strategies at 64 percentiles. Equity funds saw $10.2 billion in outflows, marking the first instance in three months, with U.S. equity funds posting $21.2 billion in outflows. Bond funds recorded $17.3 billion in inflows.
Bond traders are preparing for a Federal Reserve rate hike.
Market charts show bond traders are adjusting positions in anticipation of potential Federal Reserve rate hikes and the risk of rising interest rates.
Standard Chartered Bank Analyst: US Treasury Expands Long-Term Bond Buyback, BTC May Hit $100,000 by Year-End
According to Cointelegraph, Standard Chartered Bank analyst Geoff Kendrick pointed out in the latest client report that the U.S. Treasury announced the scale of 10- to 30-year Treasury bond buybacks will be at least doubled from $2 billion per operation to $4 billion, with an execution period from September 9 to November 4. This policy drove long-term U.S. Treasury yields down significantly, effectively alleviating selling pressure in the bond market. Kendrick stated that such government liquidity interventions have historically been bullish for Bitcoin, and coupled with its fixed supply attribute, BTC is expected to hit $100,000 before the end of the year. Technically, he views $65,500 as a key support level; once effectively broken above, it can confirm that the bottom of this cycle has appeared.
Standard Chartered Bullish on Bitcoin Hitting $100,000 by Year-End: U.S. Treasury Expanding Bond Buybacks Could Be Key Catalyst
Odaily News – Geoff Kendrick, Head of Digital Assets Research at Standard Chartered Bank, stated that Bitcoin (BTC) could rise to $100,000 by the end of 2026 as the U.S. Treasury expands liquidity support for the long-term bond market.In a recent client report, Kendrick noted that Bitcoin's current key technical resistance level is $65,500. If the price breaks through this level, it could signal that the cyclical low for this market cycle has already formed. He suggested investors begin positioning for a Bitcoin rally to $100,000 by year-end. Kendrick stated that beyond the four-year cycle pattern for Bitcoin, which suggests the market may be nearing a bottom, the U.S. Treasury's recent announcement to expand long-term bond buybacks is also a significant catalyst.The U.S. Treasury plans to raise the cap on buyback operations for 10- to 20-year and 20- to 30-year Treasury bonds from $2 billion to at least $4 billion per operation. The expanded program is scheduled to be implemented from September 9 to November 4. Following the announcement, yields on long-term U.S. Treasuries notably declined, easing the pressure that the significant sell-off in the bond market had placed on financial markets.Kendrick believes the Treasury's expanded bond buybacks represent a "favorable environment for Bitcoin," as Bitcoin has previously benefited multiple times from government liquidity interventions, while its fixed supply mechanism gives it properties that hedge against currency debasement. In the market, Bitcoin rose over 6% on Wednesday, briefly approaching $69,000, marking its highest level since early June. Kendrick has previously been repeatedly bullish on Bitcoin's long-term trajectory, arguing that as global fiscal pressures increase and monetary policy trends toward easing, Bitcoin may enter a new long-term upward cycle. (Cointelegraph)
Goldman Sachs: Information Technology Stocks See Biggest Sell-Off in a Decade, Selling Pressure May Be Nearing Exhaustion
According to TechFlow Research, Goldman Sachs' August 3 position tracking report shows that the volume of long sales for global information technology stocks last week reached the highest level since 2014, with the total selling volume over two consecutive days ranking second highest in nearly a decade. Hedge funds' total leverage gave back half of its year-to-date gains, and net leverage turned negative year-to-date. Retail margin balances in South Korea and Japan began to reverse after reaching historical extremes, while US retail investors are also reducing semiconductor stock holdings. Speculative net shorts in VIX futures have largely been cleared. Goldman Sachs believes the intensity of deleveraging may have peaked, but the inertia of capital outflows persists. Individual stock implied volatility rose to the highest level since 2020, index correlation fell to low levels, and the market is shifting from trading the AI sector broadly to differentiated pricing of individual stocks. Bond funds and money market funds are the main drivers of capital inflows this year; equity funds saw inflows of $34 billion in July, with an absolute scale far smaller than that of the bond market. Goldman Sachs judges that the stock selection environment is improving, but sector beta trading still faces pressure.
Soneium Announces Plans to Build an On-Chain Entertainment Economy Using Tokenized IPs and Issue Ecosystem Token $SONEIUM
According to an announcement published on the official Soneium blog, Soneium has announced that it will build an on-chain entertainment economy centered on "tokenized intellectual property (Tokenized IP)" and plans to issue an ecosystem-native token, $SONEIUM, to connect creators, IP holders, developers, fans, and investors. Currently, the Soneium ecosystem already hosts more than 250 applications covering music, gaming, anime, film, collectibles, and other fields. Tokenized IP includes three forms: IP Token, IP Vault, and Tokenized IP Bond. Among them, Moriusa is the first IP Token to go live, with its IP originating from Tokyo entertainment group Super State Holdings. Soneium has also partnered with South Korean K-pop company DayOneDream to bring royalties from concerts by artists such as BTOB and LEE CHAE YEON onto the blockchain in the form of Tokenized IP Bonds. On the technical side, Soneium has built a three-tier architecture consisting of IP Registry, IP Graph, and IP Execution Layer, which are responsible for IP registration and rights confirmation, relationship mapping, and royalty and licensing revenue distribution based on smart contracts, respectively, while supporting the ERC-8432 standard. Additionally, Son
Soneium Plans to Launch Native Ecosystem Token SONEIUM and Expand into IP Tokenization
Soneium has announced plans to launch a native ecosystem token, SONEIUM, to drive the platform's transition from blockchain infrastructure to an on-chain entertainment economy ecosystem, connecting IP holders, creators, developers, fans, and investors. Specific arrangements for the token generation event (TGE) will be announced later.On the IP tokenization front, Soneium plans to launch an official platform, Soneium Portal, to support IP issuance, investment, fan participation, and revenue distribution, while building an on-chain IP framework to enable programmatic handling of intellectual property registration, licensing management, and royalty distribution. Soneium also plans to introduce IP Vault and IP Bond, offering indirect investment channels for entertainment assets such as music copyright funds, as well as bond products backed by entertainment companies' businesses.Meanwhile, Soneium announced that its first IP project will be launched through Moriusa, a popular character IP under Tokyo-based entertainment group Super State Holdings. In addition, Soneium will partner with Korean K-pop IP company DayOneDream to advance the tokenization of concert business royalties for well-known artists including BTOB.
S&P Grants Revolut BBB+ Rating for the First Time, Expects Bond Issuance Next Year
Odaily reports: S&P Global Ratings released a report on Thursday, assigning UK digital bank Revolut a BBB+ investment-grade rating for the first time, and expects the company to issue senior unsecured bonds in 2027 to build a debt buffer capable of absorbing potential losses and meeting regulatory requirements. The report noted that Revolut's balance sheet has exceeded £40 billion (approximately $53.5 billion); should the bank fail, the Bank of England could push for a restructuring in which investors would bear corresponding losses.S&P expects that as Revolut expands its unsecured retail lending business and launches mortgage products, its loan portfolio will double in 2027 and double again in 2028. S&P believes that Revolut has a strong consumer brand, a scalable technology platform, and increasingly diversified products, but its share of primary banking relationships remains lower than that of traditional banks, and rapid global expansion could also exacerbate operational complexity and compliance risks. BBB+ is among the lower tiers of S&P's investment-grade ratings. (Bloomberg)
Bank Negara Malaysia Launches SSDS+ Platform to Support Tokenized Bonds and Islamic Bond Issuance
According to an announcement by Bank Negara Malaysia (BNM) on October 20, the central bank has officially launched its next-generation platform, SSDS+, for the issuance, custody, and safekeeping of tokenized bonds and Islamic bonds (sukuk). Independently developed by BNM leveraging cloud and distributed ledger technologies, SSDS+ builds upon the existing paperless securities settlement system (SSDS), which serves as the central securities depository for Malaysia’s wholesale financial market. In addition to wholesale issuance, SSDS+ can also support the issuance of tokenized government bonds and retail corporate bonds. The platform has integrated with RENTAS+: SSDS+ handles the transfer and ownership recording of tokenized securities, while RENTAS+ provides round-the-clock payment and settlement services using central bank money. BNM Governor Abdul Rasheed Ghaffour stated that the launch marks a significant milestone in the modernization of Malaysia’s financial market infrastructure, providing a safer, faster, and more flexible digital foundation for new application scenarios in the securities and payment sectors.
Stacks Labs Releases Q3 Ecosystem Report: Bitcoin Staking Goes Live on Mainnet, Approximately 735 BTC Locked Across Two Phases
Stacks Labs officially released the Q3 2026 Ecosystem Report. The report shows that the Bitcoin staking feature has launched on mainnet, introducing approximately 735 BTC into the Stacks ecosystem through the first two Bonding Periods. The PoX-5 hard fork was activated on July 30. The first institutional staking period (Genesis Bond), opened on September 10, filled its 230 BTC capacity, with 21Shares, HashKey Cloud, UTXO Management, and Sypher Capital becoming the first participating institutions. The second staking period, opened on October 8, further absorbed an additional 505 BTC.
Plume Launches nBND: First On-Chain Vault Backed by an Actively Managed Bond ETF from Fidelity
According to an official announcement from Plume, the network has officially launched nBND, an on-chain vault product backed by the Fidelity Total Bond ETF (FBND). FBND is an actively managed ETF that primarily invests in investment-grade bonds, high-yield bonds, and emerging market debt. Prior on-chain investment solutions had largely focused on short-duration treasuries, and the launch of nBND marks an extension into longer-duration, actively managed products for institutional-grade assets on-chain. Cynthia Lo Bessette, Head of Digital Asset Management at Fidelity, and Plume co-founder Teddy Pornprinya engaged in an in-depth discussion regarding these investment solutions.
Related news
GMO Ransomware Attack Hits Japan's Credit Market, Bond Spread Widens 52 Basis Points in 5 Days
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)
Perfectly Timing the Cash-Out Exit? PIMCO Sells Down Meta Debt at High Levels to Avoid Partial AI Bond Market Losses
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.
Soneium Announces Plans to Build an On-Chain Entertainment Economy Using Tokenized IPs and Issue Ecosystem Token $SONEIUM
According to an announcement published on the official Soneium blog, Soneium has announced that it will build an on-chain entertainment economy centered on "tokenized intellectual property (Tokenized IP)" and plans to issue an ecosystem-native token, $SONEIUM, to connect creators, IP holders, developers, fans, and investors. Currently, the Soneium ecosystem already hosts more than 250 applications covering music, gaming, anime, film, collectibles, and other fields. Tokenized IP includes three forms: IP Token, IP Vault, and Tokenized IP Bond. Among them, Moriusa is the first IP Token to go live, with its IP originating from Tokyo entertainment group Super State Holdings. Soneium has also partnered with South Korean K-pop company DayOneDream to bring royalties from concerts by artists such as BTOB and LEE CHAE YEON onto the blockchain in the form of Tokenized IP Bonds. On the technical side, Soneium has built a three-tier architecture consisting of IP Registry, IP Graph, and IP Execution Layer, which are responsible for IP registration and rights confirmation, relationship mapping, and royalty and licensing revenue distribution based on smart contracts, respectively, while supporting the ERC-8432 standard. Additionally, Son
Soneium Plans to Launch Native Ecosystem Token SONEIUM and Expand into IP Tokenization
Soneium has announced plans to launch a native ecosystem token, SONEIUM, to drive the platform's transition from blockchain infrastructure to an on-chain entertainment economy ecosystem, connecting IP holders, creators, developers, fans, and investors. Specific arrangements for the token generation event (TGE) will be announced later.On the IP tokenization front, Soneium plans to launch an official platform, Soneium Portal, to support IP issuance, investment, fan participation, and revenue distribution, while building an on-chain IP framework to enable programmatic handling of intellectual property registration, licensing management, and royalty distribution. Soneium also plans to introduce IP Vault and IP Bond, offering indirect investment channels for entertainment assets such as music copyright funds, as well as bond products backed by entertainment companies' businesses.Meanwhile, Soneium announced that its first IP project will be launched through Moriusa, a popular character IP under Tokyo-based entertainment group Super State Holdings. In addition, Soneium will partner with Korean K-pop IP company DayOneDream to advance the tokenization of concert business royalties for well-known artists including BTOB.
S&P Grants Revolut BBB+ Rating for the First Time, Expects Bond Issuance Next Year
Odaily reports: S&P Global Ratings released a report on Thursday, assigning UK digital bank Revolut a BBB+ investment-grade rating for the first time, and expects the company to issue senior unsecured bonds in 2027 to build a debt buffer capable of absorbing potential losses and meeting regulatory requirements. The report noted that Revolut's balance sheet has exceeded £40 billion (approximately $53.5 billion); should the bank fail, the Bank of England could push for a restructuring in which investors would bear corresponding losses.S&P expects that as Revolut expands its unsecured retail lending business and launches mortgage products, its loan portfolio will double in 2027 and double again in 2028. S&P believes that Revolut has a strong consumer brand, a scalable technology platform, and increasingly diversified products, but its share of primary banking relationships remains lower than that of traditional banks, and rapid global expansion could also exacerbate operational complexity and compliance risks. BBB+ is among the lower tiers of S&P's investment-grade ratings. (Bloomberg)
Bank Negara Malaysia Launches SSDS+ Platform to Support Tokenized Bonds and Islamic Bond Issuance
According to an announcement by Bank Negara Malaysia (BNM) on October 20, the central bank has officially launched its next-generation platform, SSDS+, for the issuance, custody, and safekeeping of tokenized bonds and Islamic bonds (sukuk). Independently developed by BNM leveraging cloud and distributed ledger technologies, SSDS+ builds upon the existing paperless securities settlement system (SSDS), which serves as the central securities depository for Malaysia’s wholesale financial market. In addition to wholesale issuance, SSDS+ can also support the issuance of tokenized government bonds and retail corporate bonds. The platform has integrated with RENTAS+: SSDS+ handles the transfer and ownership recording of tokenized securities, while RENTAS+ provides round-the-clock payment and settlement services using central bank money. BNM Governor Abdul Rasheed Ghaffour stated that the launch marks a significant milestone in the modernization of Malaysia’s financial market infrastructure, providing a safer, faster, and more flexible digital foundation for new application scenarios in the securities and payment sectors.