SEC Staff Gives Canton Coin No-Action Relief, but the Conditions Matter
TL;DR: Canton Coin received an important piece of US regulatory clarity on November 3 when staff in the Securities and Exchange Commission's Division of Corporation Finance issued a no-action response. The staff said, based on representations made to it, that Canton Coin fits the description of a digital commodity in the Commission's March interpretation. Canton…
Canton Hosts Tokenized US Share Trade Under SEC Innovation Exemption
TL;DR: A tokenized share transaction involving a Nasdaq-listed company has taken place on Canton under a US regulatory exemption, according to an announcement from venue operator TSV. The November 4 transaction involved shares of Canton Strategic Holdings and a permissioned pool using Tradecraft's automated market maker technology. A tokenized share transaction involving a Nasdaq-listed company…
Broadridge Says Blockchain Repo Platform Processed $7.6T in October
TL;DR: Broadridge says its Distributed Ledger Repo service processed $7.6 trillion in repurchase agreement transactions during October, averaging $345 billion a day. The November 6 disclosure is a striking reminder that some of blockchain's largest financial use cases are institutional plumbing rather than publicly traded tokens. Broadridge says its Distributed Ledger Repo service processed $7.6…
Dinari Adds Broadridge Voting Rails to Tokenized US Shares
TL;DR: Tokenized stocks have often promised easier access and faster settlement, but a less glamorous question keeps surfacing: can the holder vote? Broadridge and Dinari announced an integration on November 5 that aims to connect eligible holders of Dinari's dShares to established proxy-voting infrastructure. Tokenized stocks have often promised easier access and faster settlement, but…
Ondo Claims $4B in Tokenized Assets as RWA Market Gains Institutional Depth
TL;DR: Ondo Finance says its tokenized real-world-asset products have crossed $4 billion in value, with 484 distinct assets and more than 565,000 onchain holders. The figures appear in a corrected November 5 company announcement citing RWA.xyz data. Ondo Finance says its tokenized real-world-asset products have crossed $4 billion in value, with 484 distinct assets and…
Schroders Emerging-Market Bond Strategy Moves Onto Solana Through Centrifuge
TL;DR: Schroders is bringing an emerging-market bond strategy into the tokenized fund market through Centrifuge on Solana. The November 4 announcement concerns the Schroder International Selection Fund Emerging Market Bond strategy, with Centrifuge providing onchain infrastructure. Schroders is bringing an emerging-market bond strategy into the tokenized fund market through Centrifuge on Solana. The November 4…
21X and LayerZero Report 10,000 Onchain Order Matches Per Second in Pilot
TL;DR: European trading venue 21X and LayerZero say a private, permissioned deployment of Zero handled 10,000 order matches per second in a month-long technical pilot. The companies disclosed the result on November 4, reporting a 45-fold performance improvement against the EVM layer-two baseline they used. European trading venue 21X and LayerZero say a private, permissioned…
EDX Markets Adds Bitcoin-Backed CBTC Trading for Canton Institutions
TL;DR: EDX Markets says it has partnered with BitSafe to introduce spot trading in CBTC, a Bitcoin-backed asset built for the Canton Network. The November 5 announcement describes the token's first centralized-exchange listing and an institutional marketplace where eligible clients can trade CBTC against US dollars. EDX Markets says it has partnered with BitSafe to…
Bitso Business Says Stablecoin Payment Volume Now Runs Above $150B Annualized
TL;DR: Bitso Business says the payment flows passing through its infrastructure have reached an annualized rate above $150 billion, up 83% from $82 billion a year earlier. The November 4 disclosure puts Latin American cross-border payments back in focus as a practical use for stablecoins. Bitso Business says the payment flows passing through its infrastructure…
BitPay Brings Apple Pay and Google Pay Checkout to Crypto Purchases
TL;DR: BitPay is trying to make buying cryptocurrency look more like an ordinary mobile checkout. On November 5, the company introduced an in-wallet purchase flow powered by MoonPay that supports Apple Pay, Google Pay, cards and SEPA in eligible European markets. BitPay is trying to make buying cryptocurrency look more like an ordinary mobile checkout.…