- SCB+60Positive
Ondo Finance (@Ondo)
Finance is entering its onchain era. This week, banks formed alliances, regulators advanced settlement, and asset managers reached new markets. Latest tokenization news ↓ 1️⃣ U.S. banking associations form shared blockchain network Thirty-nine U.S. state banking associations formed BankChain Alliance to support tokenized deposits, stablecoins, and automated settlement, targeting a 2027 launch. https://www.coindesk.com/policy/2026/08/25/u-s-state-banking-associations-plan-to-launch-their-own-nationwide-blockchain-network 2️⃣ Standard Chartered becomes first bank distributor of Hong Kong's HKDAP stablecoin Standard Chartered became the first bank distributor of HKDAP, a regulated HKD stablecoin, with tokenized money market fund settlement planned for Q4. https://www.sc.com/en/press-release/standard-chartered-becomes-first-bank-distributor-of-hkdap-to-unlock-real-economy-benefits-of-hkd-stablecoins/ 3️⃣ Japan studies blockchain settlement for stocks and government bonds Japan's FSA, Ministry of Finance, and Bank of Japan plan to study round-the-clock blockchain settlement for stocks and government bonds. https://www.coindesk.com/business/2026/08/26/japan-plans-blockchain-settlement-network-for-stocks-and-government-bonds 4️⃣ Global X, Citi, and OSL launch Hong Kong's first tokenized covered call ETF The firms introduced a tokenized unit class for the Global X HSCEI Covered Call Active ETF, a first for Hong Kong covered call ETFs. https://www.osl.com/hk-en/press-release/global-x-etfs-citi-osl-launch-hong-kongs-first-tokenized-covered-call-etf 5️⃣ Franklin Templeton expands tokenized money market fund into Asia Franklin Templeton's grBENJI tokenized money market fund is now available to professional investors in Asia through HashKey Exchange. https://www.prnewswire.com/news-releases/hashkey-exchange-and-franklin-templeton-to-bring-onchain-us-government-liquidity-fund-to-asia-302859057.html 6️⃣ Ondo's USDY goes live on Tempo USDY, the market-leading permissionless tokenized Treasury, launched on Tempo, the payments-first Layer 1 incubated by Stripe and Paradigm. https://ondo.finance/blog/usdy-is-live-on-tempo