Another landmark week for tokenization.
Proxy voting comes to tokenized stocks, Visa expands stablecoin settlement to five new chains, Meta adds stablecoin creator payouts, and more.
Latest tokenization news ↓
1️⃣ Stretch accelerates Strategy’s bitcoin buying, now the world’s largest institutional holder of bitcoin
Increased buying demand has been driven by Stretch (STRC), a high-yield perpetual preferred stock the company has been issuing.
forbes.com/sites/ninabambyshev...…
2️⃣ Ondo partners with Broadridge to bring voting capabilities to tokenized stocks
Holders of Ondo tokenized stocks and ETFs will be able to express proxy voting preferences for the underlying securities.
x.com/OndoFinance/status/20495...…
3️⃣ FIS Launches Bank-Focused Platform for Digital Currencies
It enables banks to issue, manage and settle their own digital money while keeping those deposits on their balance sheet.
pymnts.com/digital-first-banki...…
4️⃣ Meta starts supporting stablecoin creator payouts
Meta now supports stablecoin payouts to creators in Colombia and the Philippines via USDC on Solana and Polygon. Stripe is providing the payments infrastructure.
ledgerinsights.com/meta-starts...…
5️⃣ State Street to launch tokenized fund servicing from Luxembourg by year's end
The service is intended to extend the firm’s existing fund administration, custody, and transfer agency capabilities.
theblock.co/post/399171/state-...…
6️⃣ Visa adds five blockchains for stablecoin settlement
They also announced that volumes in the settlement pilot had grown 50% since the previous quarter, reaching an annualized rate of $7 billion.
ledgerinsights.com/visa-adds-5...…
