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On the 26th, the Depository Trust and Clearing Corporation (DTCC), a U.S. securities settlement agency, announced plans to tokenize U.S. Treasury bonds through the Canton Network, and Canton tokens rose by about 27% over the past week.
With the participation of DTCC, which handles approximately $3.7 trillion (KRW 5,359.45 trillion) in securities transactions annually, there are assessments that the institutional-led on-chain transition of tokenized real-world assets (RWAs), centered around government bonds, is gaining momentum.
2. The surge in cryptocurrency M&A
As of the 26th, mergers and acquisitions (M&A) in the cryptocurrency industry reached $8.6 billion (KRW 12.4528 trillion), a surge of about 300% year-on-year, with Coinbase's acquisition of Deribit being the largest transaction.
The Financial Times analyzed that the trend of M&A centered on exchanges and stablecoin companies and large cryptocurrency IPOs will continue into next year, as expectations of deregulation and the demand for licenses coincide.
3. Cryptocurrency derivatives market hits record high
As of the 25th, the cumulative trading volume of cryptocurrency derivatives reached $85.7 trillion (KRW 124,093.6 trillion) this year, reaching an all-time high of $265 billion on average per day, with Binance accounting for approximately 29% of global trading.
CoinGlass concluded that while increased institutional participation and sophisticated product structures have driven trading growth, market volatility and risk are also increasing due to increased leverage, as evidenced by the large-scale liquidation incident in October.
Reporter Jeong Ha-yeon yomwork8824@blockstreet.co.kr
