one clause decides crypto's decade
The market-structure fight is narrowing to a single clause — and the outcome could set crypto's US path for the decade.
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Insights
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35 published analyses
DTCC traded tokenized stocks in production
DTCC moved tokenized equities from pilot language into production. The real signal is what market infrastructure now treats as deployable.
there won't be another cycle
Crypto's old cycle logic is breaking as distribution, not protocol ownership, becomes the scarce layer.
Swift Goes On-Chain: 17 Banks Pilot 24/7 Tokenized Payments
Seventeen banks tested 24/7 tokenized payments with Swift, pushing interoperability closer to institutional production.
tokenized stocks' first $3B month
Tokenized equities cleared their first $3 billion month, a threshold that changes the market-structure conversation.
Robinhood just rented a bank
Robinhood combined a blockchain, stock tokens and agentic trading — the clearest attempt yet to turn brokerage distribution into financial infrastructure.
The interest business
This week, the Open Standard consortium announced Open USD, backed by more than 140 founding members, including BlackRock, Mastercard, Visa, Stripe, Ripple, Kraken, Galaxy, Robinhood, and others.
stripe, visa and blackrock vs circle
Hey, it’s Marc.