News linked to both this project and an event.
: VanEck's tokenized U.S. Treasury fund, VBILL, has officially launched on the DeFi lending protocol Euler. The fund is issued and tokenized by Securitize. Investors can now use tokenized Treasury bonds as collateral for on-chain lending and liquidity operations, while meeting compliance restrictions.This move reflects that DeFi protocols are accelerating their transition towards institutionalization and compliance to attract traditional financial capital into the on-chain market. Data shows that the market size of tokenized U.S. Treasury bonds has surpassed $15 billion, growing approximately 150% over the past year. Traditional asset management giants such as BlackRock, Franklin Templeton, and Janus Henderson have all launched on-chain treasury or money market products.Euler has previously integrated Securitize's DS Protocol to support the inclusion of tokenized securities with investor qualification restrictions and transfer rules into its lending market. DeFi protocols like Aave are also expanding into institutional-grade RWA businesses.Institutions estimate that the market size for asset tokenization could reach $18.9 trillion by 2033. A Securitize executive stated that as traditional financial institutions enter the crypto space, DeFi protocols must find a balance between openness and compliance requirements. (CoinDesk)
Wall Street investment bank Jefferies stated that as institutional investors accelerate their shift towards blockchain-based financial infrastructure, the crypto and blockchain sectors could see a new wave of IPOs over the next two years, forming a public market worth $1 trillion within five years.Jefferies released a report indicating that the current industry focus is shifting from speculative crypto asset prices to the comprehensive integration of blockchain infrastructure by banks, exchanges, asset managers, and payment institutions. Companies like Payward (parent company of Kraken) and Securitize are advancing their IPO plans, and it is expected that more crypto-related companies will enter the public market in the future. Tokenization is seen as a key driver of this structural transformation, with money market funds, private credit, and on-chain settlement systems already entering practical implementation phases. Increasing regulatory clarity will further accelerate institutional adoption.Currently, the market is moving from short-term hype to long-term technological reassessment. Crypto IPOs could serve as a crucial gateway connecting traditional capital markets with the on-chain economy. (CoinDesk)
Odaily News, May 27th – Stimulated by UBS raising its rating and setting the highest target price on Wall Street, the US-listed memory chip sector experienced an epic surge. According to data from the Gate platform, Micron (MUUSDT) skyrocketed 21.40% to an all-time high, now trading at $950.82; SanDisk (SNDKUSDT) jumped 8.15%, currently at $1,633.66. As the focus of the AI hardware market shifts comprehensively towards the memory segment, trading activity in related contracts continues to heat up. According to Coinglass data, Gate's MU 24-hour trading volume reached $19.133 million, an increase of 770.75%; the 24-hour trading volume for SanDisk (SNDK) reached $9.4332 million, an increase of 451.14%, both ranking among the top in the market.Gate is continuously bridging crypto and traditional financial trading scenarios through its unified account system. Users can conveniently trade global mainstream assets such as stocks, metals, forex, indices, and commodities using a single USDT account, thereby enhancing cross-market trading efficiency and capital utilization flexibility. Gate has listed over 130 US stock-related perpetual contract instruments and over 430 CFD contract instruments. It continues to expand its diverse product lines, including spot tokens, perpetual contracts, and on-chain assets, offering 7×24 hour trading to provide users with a more flexible and efficient one-stop global asset trading experience.
Guy Wuollet, General Partner at a16z Crypto, wrote that the financial industry is undergoing a “digital migration” analogous to the cloud computing era—and blockchain is emerging as the core infrastructure driving this transformation. Wall Street’s adoption of blockchain is not motivated by the ideology of “decentralization,” but rather by practical needs: mitigating counterparty risk, improving settlement efficiency, and ensuring fair ordering mechanisms. “Digital assets,” in essence, represent the migration of the financial system’s underlying architecture onto blockchains—akin to how enterprise IT systems shifted from on-premises deployments to cloud services. When financial assets run on programmable, shared infrastructure, they unlock “composability”—a defining advantage enabling assets to be freely combined and extended like software. This significantly reduces development costs and boosts overall innovation efficiency across the financial system. This trend will propel traditional finance from “closed reconciliation systems” toward “on-chain coordination networks,” and blockchain technology will gradually become a standard component of the financial infrastructure layer.
According to CoinDesk, cryptocurrency custody firm Copper is seeking to sell the company at a valuation of approximately $500 million and has engaged Wall Street investment bank Cantor Fitzgerald to assist with the transaction. Copper’s core asset is its ClearLoop custody-based settlement system, which enables institutional clients to execute delivery versus payment (DvP) transactions without moving assets on-chain, effectively eliminating settlement risk. The company currently boasts over 1,000 active counterparties and processes over $50 billion in notional trading volume monthly. Copper had previously considered an IPO, but the broader crypto IPO market has entered a wait-and-see phase amid sluggish Bitcoin prices and the capital-attracting effect of the AI sector.
the U.S. Securities and Exchange Commission (SEC) is preparing to introduce a new regulatory framework for trading tokenized stocks, which could be announced as early as this week. It is reported that the SEC is studying an "innovation exemption" mechanism, allowing trading platforms to offer digital versions of listed securities on-chain under more relaxed regulatory conditions. This move is seen as a significant signal that U.S. regulators are further shifting towards supporting tokenized securities.Currently, multiple Wall Street institutions have accelerated their layout in related businesses. The Depository Trust & Clearing Corporation (DTCC) plans to launch limited production trading of tokenized assets in July and expand promotion in October; Nasdaq is developing a blockchain-based stock issuance framework; and Intercontinental Exchange (ICE) is advancing tokenized stocks and crypto-related products through its partnership with OKX.SEC Chairman Paul Atkins previously stated that the SEC is considering establishing formal rules for on-chain trading systems, blockchain settlement infrastructure, and crypto custody models, and believes that existing securities regulations are no longer suitable for on-chain protocols that integrate trading, clearing, and settlement. (CoinDesk)
Lucas Bruder, co-founder and CEO of Jito Labs, stated the crypto market is entering a "new phase": more and more on-chain users no longer consider themselves "crypto traders," but rather ordinary traders looking to trade various assets.Jito Labs plans to launch a trading terminal called JTX this summer, targeting "professional retail" users and supporting spot, futures, and prediction market trading. This signifies that Jito will extend its reach from Solana's underlying infrastructure to consumer-facing products.Bruder believes that Solana has proven its ability to handle large-scale trading activity following the memecoin surge in 2024, attracting new users with its low costs and high speed. He also indicated that as Wall Street assets gradually move on-chain, Solana has the potential to become the entry point for more mainstream traders into the on-chain market.
Roaring Kitty, the protagonist of the GameStop "Retail vs Wall Street" saga and the king of meme stocks, had his official X account allegedly compromised in the early hours of today. The hacker posted the contract address of the meme coin Red Kitten Crew (RKC), causing the token's market cap to briefly reach $12 million before plummeting to $1.8 million.Shortly afterwards, Roaring Kitty appears to have regained control of the account and deleted the tweet containing the contract address. Roaring Kitty himself has yet to issue a clarifying statement, with the community widely believing that the posting of the meme coin contract address was due to a brief account compromise.
According to Bloomberg, while crypto-native companies such as Coinbase continue large-scale layoffs amid a broader industry downturn, traditional financial institutions—including JPMorgan Chase and BlackRock—have recently posted dozens of digital asset–related job openings, standing out as a bright spot in the current crypto job market. Analysts note that having experience working on Wall Street has become a key advantage for crypto professionals seeking to maintain their employability during this industry downturn.
According to Bloomberg, traditional Wall Street financial institutions—including JPMorgan Chase & Co. and BlackRock Inc.—have recently posted dozens of job openings related to digital assets, standing out as one of the few employment bright spots amid the ongoing crypto market downturn. Meanwhile, cryptocurrency firms such as Coinbase Global Inc. are conducting large-scale layoffs. The report notes that job seekers with Wall Street experience are facing relatively more favorable employment opportunities in the current market environment.
Odaily reports, State Street, in partnership with Galaxy, has launched the on-chain liquidity fund SWEEP, allowing investors to "one-click transfer" stablecoins into yield-generating tokenized assets for 24/7 on-chain cash management.The fund will initially be deployed on Solana, with future plans to expand to Stellar and Ethereum, and integrate infrastructure such as Chainlink.Targeting qualified investors, SWEEP is positioned similarly to products like BlackRock's BUIDL, offering U.S. Treasury-like yields through an on-chain structure. It represents the latest exploration in the convergence of traditional asset management and blockchain technology.
According to the Wall Street Journal, algorithm development company MicroAlgo Inc. has announced the launch of a quantum technology–based blockchain architecture that enhances transaction security and transparency by integrating cyclic Quantum Secure Channels (QSC) with Quantum Key Distribution (QKD). The architecture features a four-layer design: a quantum communication layer, a blockchain core layer, a smart contract layer, and an application layer. QKD enables highly secure key generation and distribution, while quantum encryption safeguards transaction data against theft and tampering—and remains resistant to attacks from quantum computers.
informed sources have revealed Anthropic is finalizing an agreement to establish a new joint venture with Blackstone Group, Goldman Sachs, and several other Wall Street firms. The venture aims to sell artificial intelligence tools to companies backed by private equity. (Jinshi)
Mike Cagney, founder of Figure Technology Solutions (FIGR), stated that the company is pushing to rebuild the underlying infrastructure of traditional credit markets through blockchain, bringing loans, real-world assets (RWA), and even stocks onto the chain. The goal is to enable credit flows to move away from traditional intermediary systems and become "the new infrastructure of Wall Street." According to data, Figure's monthly loan origination volume exceeded $1 billion for the first time in March this year, with total origination reaching $2.9 billion in the first quarter of 2026, an annualized scale of approximately $12 billion.Mike Cagney pointed out that loan tokenization can significantly reduce securitization costs and lower traditional intermediary fees, while enhancing liquidity through continuously updated credit markets, and enabling on-chain credit assets to directly integrate with the DeFi ecosystem, expanding the scope of investor participation. Its Forge platform can bundle loans into standardized asset pools and convert them into tokens usable as collateral within DeFi protocols.Currently, Figure is advancing related business within the Solana ecosystem and plans to expand to Ethereum. Additionally, the company has launched YLDS, a yield-bearing stablecoin with a scale of approximately $600 million, backed by traditional assets such as U.S. Treasury bonds, and is exploring stock tokenization as well as on-chain staking and lending. Mike Cagney stated that blockchain will become one of the most transformative technologies and will redefine the structure of future financial markets. (CoinDesk)
Nick Timiraos, known as the "Fed Mouthpiece," wrote in The Wall Street Journal that the discussion within the Federal Reserve regarding the interest rate path has undergone a noticeable shift. The focus is no longer primarily on when to restart rate cuts but has begun to consider under what conditions rate hikes might be necessary again. Since the Fed began releasing policy statements in 1994, disagreements over how to describe the policy direction—rather than actual rate changes—have been rare.Three regional Fed presidents, including Dallas Fed President Lorie Logan and Minneapolis Fed President Neel Kashkari, opposed retaining the wording "the next move is more likely a rate cut" at this week’s policy meeting, arguing that the next rate adjustment could be either a hike or a cut. Outgoing Fed Chair Jerome Powell stated that the committee is gradually shifting from a "rate-cut bias" to a "neutral stance" and noted that if rate hikes become necessary in the future, the Fed would first move to a neutral position before signaling increases. (WSJ)
Galaxy Digital released its first-quarter 2026 financial results, reporting a net loss of $216 million and a diluted loss per share of $0.49. The primary driver was the broad downturn in cryptocurrency markets during the quarter, with total crypto market capitalization shrinking by approximately 20%. Its crypto asset holdings declined from $1.67 billion in Q4 2025 to $1.36 billion. As of the end of March, its largest crypto holding was 6,894 BTC (approximately $431 million), followed by $61 million worth of SOL and $42 million worth of ETH. Despite the pressure on earnings, Galaxy Digital’s AI infrastructure business is progressing smoothly: the company confirmed delivery of its first data center facility to CoreWeave and expects to fulfill its full commitment of 133 megawatts of AI/IT infrastructure by the end of Q2. Boosted by this news, the company’s stock (NASDAQ: GLXY) rose 5% intraday—a move that diverged from Bitcoin’s concurrent decline. Wall Street analysts currently assign GLXY an aggregate rating of “Moderate Buy,” with a consensus target price of $39.40—implying roughly 50% upside from its share price of $26.30 at the time of writing.
According to The Wall Street Journal, Parallel Web Systems—an AI startup founded by former Twitter CEO Parag Agrawal—has raised $100 million in its Series B funding round, led by Sequoia Capital, with participation from Kleiner Perkins, Index Ventures, and Khosla Ventures. The company’s valuation has risen to $2 billion, bringing its total funding to $230 million. Parallel focuses on building web search infrastructure for AI agents, supporting in-depth research use cases such as investment research, insurance claims processing, and government contract analysis. Over 100,000 developers are already using its platform, with customers including legal AI company Harvey. Proceeds from this round will be used to expand the sales team and strengthen R&D efforts.
In response to the first customized commodity trade completed on the Kalshi platform, Kalshi CEO Tarek Mansour posted on X platform, "Historically, the bottleneck for institutional risk transfer has been liquidity. The bottleneck for liquidity is the lack of price benchmarks for each type of relevant risk (e.g., WTI for oil). Kalshi has built a large community of top global superforecasters who rank among the world's best at pricing risk. This allows us to create price benchmarks for a broader range of issues faced by people and institutions. Institutions have already begun adopting these price benchmarks by integrating them into traditional asset pricing models. Although work remains, we are seeing rapid expansion in data use cases and integration.""The next phase is utilizing these price benchmarks to transfer risk via block trades and requests for quote (RFQ). This phase is still in its early stages but is beginning to take shape. The market size for risk transfer of non-traditional financial instruments is difficult to estimate. The closest references are the reinsurance market and the derivatives desks of banks: reinsurance is approximately $700 billion; insurance-linked securities and parametric insurance (such as catastrophe bonds) are around $120-135 billion; bank derivatives (structured products, dealer-to-dealer, exotics, etc.) are about $200-400 billion. The current market is roughly $1-1.5 trillion, but most of it is illiquid and traded over-the-counter (OTC, i.e., with a single counterparty). Whenever a major OTC market moves to exchange trading, the market grows significantly due to the establishment of price benchmarks, narrowing bid-ask spreads, the end of Wall Street elite's monopoly on access, and the entry of new participants. For example, interest rate swaps grew 10-15 times, stock options grew 20-30 times, and energy derivatives grew 5-8 times. The institutional use case for prediction markets could form a $10-15 trillion market, with even greater upside potential, depending on the extent to which it democratizes products currently exclusive to Wall Street."
Kalshi CEO Tarek Mansour said on X, citing Bloomberg, that Kalshi has completed its first customized block trade, with Jump Trading providing liquidity support for the transaction. The trade was brokered by Greenlight Commodities this month and executed on behalf of an environmental hedge fund based in Houston, which sought exposure to a contract tracking "whether a specific price will be realized in California's May carbon emissions allowance auction."Mansour commented on this, stating that the institutional application of prediction markets could be a $10-15 trillion market, with growth potential potentially even larger, depending on how extensively they popularize products currently exclusive to Wall Street.
According to The Wall Street Journal, North Carolina Republican Senator Thom Tillis said Sunday local time that he would support the confirmation of Kevin Warsh as Federal Reserve Chair, thereby clearing the final major hurdle for Trump’s chosen successor to Powell. Tillis had refused for months to vote in favor of Warsh, stating he would not advance any Fed nominee’s confirmation while the Justice Department’s criminal investigation into Powell remained ongoing—calling the probe an attack on the central bank’s independence. However, that investigation appears to have concluded last Friday. (Jin10)