Ondo Finance (@OndoFinance): Tokenization is moving into the heart of traditional finance.
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
Tokenization is moving into the heart of traditional finance. This week regulators, banks, and market leaders launched new initiatives, from the CFTC’s tokenized collateral program to a euro-denominated stablecoin backed by nine European banks. This week's highlights. 👇 1️⃣ CFTC launches tokenized collateral and stablecoins initiative. Commodity Futures Trading Commission Acting Chairman Caroline D. Pham announced a new CFTC initiative to enable the use of tokenized collateral, including stablecoins, in derivatives markets. The program is part of the agency’s “crypto sprint” to implement recommendations from the President’s Working Group on Digital Asset Markets. https://t.co/2FI71RPUZI 2️⃣ Nine European banks join forces to issue euro stablecoin. ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank, and Raiffeisen Bank International have joined forces to launch a MiCAR-compliant euro-denominated stablecoin. Expected to launch in H2 2026. https://t.co/W81ScT3W80 3️⃣ Tether seeks funding at $500B valuation. Tether is reportedly seeking to raise up to $20B in a private funding round that would value the company at $500B, putting it in the same tier as SpaceX and OpenAI among the world's most valuable private firms. https://t.co/duKQkA1gal 4️⃣ Major UK banks launch tokenized deposit pilot. Barclays, HSBC, Lloyds Banking Group, NatWest, Nationwide, and Santander, supported by Quant, EY, and Linklaters, are working with UK Finance to deliver tokenized sterling deposits. https://t.co/N3tz7XMxUl