Karon

Karon

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head of growth @aevoxyz @ribbonfinance | founder @launchy_

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NYSE Partners With Securitize for Tokenized Trading 🤝 The New York Stock Exchange has tapped @Securitize to help build its planned 24/7 tokenized securities platform, formalizing a key infrastructure partnership as Wall Street accelerates its push to bring equities onto blockchain rails. > Securitize will enable the creation and management of stocks and ETFs as blockchain-based tokens on NYSE's platform. > NYSE first outlined plans for a 24/7 tokenized securities venue in January, and Securitize locks in a key infrastructure partner. > Securitize has previously worked with major institutions including BlackRock, which launched a tokenized fund through the firm's platform. > Rival exchanges are pursuing similar strategies, with Nasdaq partnering with Kraken to connect tokenized equities with DeFi networks. > The US SEC has begun opening the door to digital securities pilot programs, signaling a more accommodative regulatory stance. cc: @JustinPesola3_0 , @TomMurphyTweets , @grahamfergs , @carlosdomingo . @jserna

Kalshi Raises $1B at $22B Valuation 💰 @Kalshi has raised over $1B in a Coatue-led round at a $22B valuation, roughly doubling from its $11B Series E in November. Annualized revenue has reached ~$1.5B, driven by growth in institutional participation. > The round reflects surging investor demand across prediction markets, with both Kalshi and Polymarket reportedly exploring raises around $20B. > Unlike Polymarket's crypto-native infrastructure, Kalshi operates a federally regulated exchange that converts crypto deposits into fiat for trading. > Arizona filed criminal charges against Kalshi's parent entities, alleging it operates an illegal gambling business without a license; Kalshi called the charges "seriously flawed." > A March 19 Ninth Circuit ruling denied Kalshi's emergency stay request in a Nevada case, potentially opening the door to further state-level action. > Tradeweb Markets recently partnered with Kalshi to distribute prediction market data, signaling growing TradFi integration. cc: @cthrin, @MaxJCrowley, @ediyork, @willibeemin

Hyperliquid Hits $1.43B OI on TradFi Bets 👀 Hyperliquid's HIP-3 markets hit a record $1.43B in open interest, a 100x jump in just six months, driven almost entirely by tokenized traditional assets trading around the clock. > Of the top 30 markets on http:/trade.xyz, only 7 are crypto pairs, with the rest covering equity futures, S&P 500, Nasdaq, and commodities. > http:/Trade.xyz, built by Hyperunit, controls nearly 90% of all HIP-3 OI with $22B in daily volume. > The 24/7 availability is the core differentiator, giving traders price discovery on equities and commodities during weekends and off-hours. > HYPE is up over 50% YTD while Bitcoin is down roughly 15% in the same period. > HIP-4 is in the pipeline, enabling permissionless prediction market listings as the next growth vector. cc: @chameleon_jeff, @iliensinc, @xulian_hl, @Valinorae

Ammalgam Launches Strategy Vaults 🚀 @ammalgam is rolling out strategy Vaults ahead of its April mainnet, giving users passive exposure to advanced DeFi plays without manually managing positions. The protocol combines lending, borrowing, and trading in one system, no external oracles. > Vaults are built on Lagoon Finance's infrastructure, accepting USDC, ETH, or BTC deposits in exchange for ERC-7540 share tokens. > Ammalgam runs without external price oracles, deriving pricing and risk decisions directly from onchain executable liquidity to reduce manipulation risk. > Some Vaults may initially park capital in third-party vaults before transitioning to Ammalgam-native pools as liquidity matures. > Redemptions are not always instant since Vaults hold active positions, with settlement windows and fees disclosed upfront. > The protocol raised a $2.5M seed in 2024, co-led by Lightspeed Faction and Framework Ventures. cc: @ammalgam_intern, @alexiroyle

Sonic Labs Launches Native Stablecoin USSD 💵 @SonicLabs is rolling out USSD, a native stablecoin backed by tokenized Treasuries from BlackRock, WisdomTree, and Superstate, built on Frax's modular frxUSD infrastructure. > USSD was built using Frax's GENIUS-compatible frxUSD infrastructure, a modular backend system designed for white-labeling institutional-grade stablecoins. > The token is backed by tokenized US government debt products from BlackRock, WisdomTree, and Superstate. > Users can mint USSD from 10+ chains directly to Sonic via LayerZero, and redeem it back to USDC on any chain supported by Circle's CCTP. > Sonic Labs sees USSD as a "foundational step" in its vertical integration push, aiming to tap institutional yield at the base layer and fund ecosystem buybacks. > Sonic is an EVM-compatible L1 targeting 100s of thousands of TPS with near-instant confirmations, currently ranked among the highest-throughput chains in its category. cc: @michaelfkong , @SjHarcourt , @DrSonicScholz , @Lorem_Ipsum95

Bitwise CIO: Bitcoin Could Hit $1M Competing With Gold 📈 @Bitwise CIO Matt Hougan reiterated his $1M BTC price target, arguing the global store-of-value market could hit $121T in a decade, at which point BTC only needs 17% share to get there. > The global SoV market sits at ~$38T today, with gold at ~$36T and BTC at ~$1.4T, giving BTC just under 4% market share. > If the SoV market grows at its historical ~13% CAGR, it could reach $121T within a decade, at which point bitcoin only needs ~17% share to hit $1M. > Hougan points to spot BTC ETFs becoming the fastest-growing in history. > Bitcoin's declining volatility is pushing some professional investors toward 5% allocations, up from earlier 1% recommendations. > Hougan acknowledged risks but noted projections could prove "too conservative" if government debt and fiat debasement fears accelerate SoV demand. cc: @hongkim__ , @HHorsley , @Matt_Hougan

BNP Paribas Pilots Tokenized Money Market Fund on Ethereum 👀 BNP Paribas Asset Management has launched a pilot issuing a tokenized share class of a French domiciled money market fund on Ethereum. The product was issued through its AssetFoundry platform using a permissioned access model. > Holdings and transfers are restricted to authorized participants, ensuring compliance with regulatory requirements while operating on public blockchain infrastructure. > The initiative was structured as a limited intra group experiment to test the full lifecycle of a tokenized fund. > This included issuance, transfer agency functions, and connectivity to Ethereum within a controlled environment. > BNP Paribas Asset Management acted as issuer, while BNP Paribas Securities Services handled transfer agency and dealer functions. > This marks the bank’s second tokenized money market fund experiment and builds on previous efforts involving Allfunds Blockchain and other institutional blockchain initiatives. cc: @EliseHermant , @DanielMMorris , @mariesophiej

xStocks Top $25B in Volume 📈 Tokenized xStocks ( @xStocksFi ) have surpassed $25B in lifetime transaction volume since launch, including about $3.5B in onchain activity across Solana, Ethereum, and TON. > The milestone strengthens xStocks’ lead in tokenized equities. It now has over 80,000 onchain holders and about $225M in assets under management. > Each xStock is fully backed one to one by an underlying stock or ETF held by a licensed custodian. > Kraken is now finalizing its acquisition of Backed, the issuer behind xStocks, as competition in tokenized equities heats up. > Data shows xStocks on Solana hold nearly 47% market share, while Ondo’s Ethereum offerings and BNB deployments account for most of the remainder. > The broader tokenized stock market currently stands near $940M in value with about $2.34B in monthly trading volume. cc: @ajcassells123 , @leodotfi , @leviadam1 , @mattdotfi

LayerZero Launches “Zero” L1 as Citadel and Ark Buy ZRO 👀 @LayerZero_Core is launching its own Layer 1 blockchain called Zero, while securing strategic backing from Citadel Securities and Ark Invest through ZRO token purchases. Ark also took an equity stake in LayerZero Labs. > Citadel says it will help with market structure expertise, focusing on trading, clearing, and settlement use cases. > Direct token buys are not typical for Citadel, and the firm has previously pushed the SEC to regulate DeFi protocols. > LayerZero announced partnerships with Google Cloud and DTCC, framing the pitch around reliable infra for on-chain activity and tokenized traditional assets. > ICE, the NYSE parent, said it plans to explore how Zero could support 24/7 trading. cc: @PrimordialAA , @Daryllautk , @LayerZeroSpace , @blue_clarity

http:/Crypto.com’s http:/AI.com 👀 @cryptocom CEO @kris Marszalek says he bought the @aidotcom domain for about $70M paid in crypto and is now using it to launch a consumer AI agent platform. > The product pitch is “personal agents” that go beyond chat. > http:/AI.com says users will be able to create agents that can message people, take actions across apps, trade stocks, and help build projects. > It also claims user data will be encrypted with individual keys, leaning into a privacy first positioning. > http:/AI.com debuted via a Super Bowl LX commercial on February 8, 2026, and the product launched the same day.

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