News linked to both this project and an event.
According to PR Newswire, the Open Transaction Layer (OTL) officially launched on May 28 as an open industry initiative aimed at establishing a unified transaction coordination standard for on-chain finance. OTL defines shared protocols among institutions, non-custodial wallets, and AI agents for identity verification, messaging, and transaction coordination—covering the entire transaction lifecycle, including discovery, compliance, and settlement. The founding alliance comprises over 25 members, including leading financial institutions, payment service providers, and blockchain foundations such as Fireblocks, Checkout.com, Cross River Bank, MetaMask, Robinhood, Securitize, Wintermute, Solana Foundation, and Polygon. OTL’s technical specifications are built upon mature standards including W3C Decentralized Identifiers (DIDs) and ISO 20022, and adopt a modular five-layer architecture covering Identity, Session, Transport, Messaging, and Application layers. The specifications have been published under an open-source license at otl.network, and the alliance is also open to additional institutional participation.
: Multiple institutions including Robinhood, MetaMask, and eToro, along with Fireblocks, Checkout.com, Cross River Bank, Securitize, Wintermute, and others, jointly announced their participation in the "Open Transaction Layer (OTL)" initiative, aimed at establishing a unified transaction coordination protocol layer for on-chain finance.OTL is positioned as an open protocol stack for coordinating identity verification, compliance validation, transaction messaging, and execution processes among wallets, institutions, and AI agents, addressing the integration fragmentation problem currently plaguing cross-institutional interactions in on-chain finance, where entities operate in silos.The current coalition members include payment companies, trading platforms, wallets, market makers, and custody and stablecoin infrastructure providers, including Robinhood, MetaMask, eToro, MoonPay, SoFi, Wintermute, among others, as well as foundations from multiple public chains such as TON, Solana, Stellar, and Polygon. (Financefeeds)
: Streamex, a tokenized commodity platform, has partnered with Orca, a Solana-based decentralized exchange, to launch a tokenized asset trading market on Solana. This market allows verified qualified investors to buy and sell Streamex's yield-bearing, gold-backed GLDY tokens through regulated on-chain trading pools. The system integrates identity and compliance checks into Streamex's KYC and qualified investor verification process, with trading access limited to approved investors. Transactions are conducted through permissioned liquidity pools on Orca. Investor wallets remain frozen until identity verification and certification are completed, and qualification data is updated on-chain in real time. Streamex and Orca stated that neither party will act as a broker or intermediary for investors reselling GLDY tokens. Orca noted that its automated market maker infrastructure has processed over $500 billion in cumulative trading volume since its launch.
Abu Dhabi-based investment company International Holding Company (IHC) has completed a $30 million (approximately AED 110 million) transaction using the UAE dirham-pegged stablecoin DDSC on the ADI Chain—marking DDSC’s first major institutional-level application following its regulatory approval. DDSC was jointly launched by IHC, First Abu Dhabi Bank, and Sirius International Holding, and has received approval from the Central Bank of the UAE. The project team stated that this milestone demonstrates the UAE’s digital payment infrastructure is now capable of supporting institutional-grade transactions, and paves the way for establishing digital trade and payment corridors linking the Middle East with global markets.
According to an official announcement, OKX has officially released the Exchange OS Whitepaper—a set of open-protocol infrastructure enabling anyone to deploy spot, perpetual futures, or prediction markets on X Layer without platform approval. Star, Founder and CEO of OKX, stated: “We believe the next evolution of on-chain finance lies in building shared market infrastructure—empowering developers and institutions to create new trading markets more efficiently, while retaining full flexibility in frontend design, market structure, risk control, and compliance frameworks.”
According to on-chain analyst PeckShield (@PeckShieldAlert), SlowMist’s threat intelligence system MistEye has detected a cross-registry supply chain attack targeting developers. Malicious packages have spread across three major registries—npm, PyPI, and Crates.io—comprising over 34 malicious packages and more than 384 related versions. The attack targets developer communities in cryptocurrency, DeFi, Solana, Sui/Move, and AI. It may lead to the theft of cryptocurrency wallets, SSH keys, cloud credentials, GitHub/AWS tokens, browser data, and other sensitive developer information. Some malicious payloads also attempt persistence via mechanisms including `.cursorrules`, `CLAUDE.md`, Git hooks, cron, systemd, and SSH. SlowMist recommends immediately removing affected packages, isolating compromised systems, rotating exposed credentials, rebuilding CI environments and developer machines from clean images, and conducting comprehensive reviews of GitHub, cloud, SSH, and wallet-related activities.
Grayscale’s latest research report states that Grayscale Research Head Zach Pandl believes tokenized assets and decentralized finance (DeFi), among other blockchain applications, may experience growth as the CLARITY Act advances and related guidance from the U.S. Securities and Exchange Commission (SEC) becomes increasingly clear. Grayscale identifies Ethereum, Solana, BNB Chain, and Canton Network—currently dominant in on-chain financial activities—as likely to attract institutional capital first. The report notes that Ethereum, Solana, and BNB Chain lead in areas such as tokenized assets, stablecoins, and DeFi, while Canton Network also holds a significant share in the tokenized assets space.
According to an official announcement, following a recent review, Binance will add monitoring tags to the following tokens on May 22, 2026: Alchemix (ALCX), Cookie DAO (COOKIE), DODO (DODO), Epic Chain (EPIC), Heima (HEI), Hashflow (HFT), Storj (STORJ), Synapse (SYN), and Alien Worlds (TLM). Tokens with monitoring tags may exhibit higher volatility and risk compared to other listed tokens. Binance will closely monitor and continuously review these tokens. Trading these monitoring-tagged tokens carries risks, and these tokens may no longer meet the listing criteria, potentially leading to delisting.
Odaily, SEC Commissioner Hester Peirce stated that the SEC’s “innovation exemption” for tokenized stocks is expected to apply only to on-chain equity products.She pointed out that synthetic tokens that merely mimic stock price performance but do not carry full shareholder rights are expected to be ineligible for the relevant regulatory exemption. (Cointelegraph)
According to an official announcement, Kaiko—a provider of digital asset market data and analytics—has announced the acquisition of Cometh, a European decentralized finance infrastructure provider holding MiCA/CASP licenses. The acquisition aims to integrate data, analytics, indices, and on-chain infrastructure capabilities, while leveraging Cometh’s smart contract engineering expertise. Kaiko stated that upon completion of the transaction, the company will establish an integrated infrastructure covering BMR-authorized indices, MiCA-compliant products, oracles, and on-chain execution capabilities. Cometh previously obtained its MiCA/CASP license from France’s Autorité des Marchés Financiers (AMF) and holds ISO/IEC 27001:2022 certification.
According to CoinPost, Japan’s Liberal Democratic Party (LDP) Digital Society Promotion Headquarters’ “Next-Generation AI & On-Chain Finance Vision Project Team” released a policy proposal on May 19, advocating the integration of AI and blockchain to automate and enable 24/7 operation of decision-making, financing, and asset management—and designating finance as the “18th Growth Investment Sector.” Specific measures proposed in the document include: advancing tokenization of demand deposits at the Bank of Japan (including wholesale CBDC), with conceptual frameworks to be finalized by year-end; joint issuance of a stablecoin by Japan’s three major banks, targeting the launch of live operations by March next year; and promoting on-chain tokenization of real-world assets (RWAs), such as accounts receivable and real estate. At the international cooperation level, the proposal calls for establishing an “AI & On-Chain Finance Asia Policy Dialogue Framework” and advancing cross-border settlements using yen-denominated stablecoins, thereby realizing the “Global SC Corridor Vision.”
According to The Block, the Ethereum Foundation has recently experienced another wave of talent attrition: researchers Carl Beek and Julian Ma announced their departures this Monday. Beek had worked at the Foundation for seven years and led the development of Ethereum’s Beacon Chain, making significant contributions to Ethereum’s transition to the Proof-of-Stake (PoS) consensus mechanism; Ma had been with the Foundation for approximately four years, contributing to mechanism design, cryptoeconomics, and protocol scalability, and co-authored EIP-7805—a proposal aimed at enhancing Ethereum’s censorship resistance. Earlier this year, in February, Co-Executive Director Tomasz K. Stańczak resigned; multiple other senior figures—including Josh Stark, Barnabé Monnot, and Tim Beiko—have also departed in succession.
OdailyOdaily reports that Standard Chartered expects the market capitalization of tokenized on-chain assets to reach $4 trillion by the end of 2028, split evenly between stablecoins and real-world assets.Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered, stated that established DeFi protocols with strong risk metrics will be the primary beneficiaries. The composability of DeFi is a core advantage, citing BlackRock's BUIDL fund, which has approximately $2.85 billion in assets under management, as an example. BUIDL allows investors to earn yield while using the fund as collateral and maintaining liquidity. The passage of the Clarity Act is seen as a near-term catalyst accelerating the shift from traditional channels to DeFi.Data shows that Aave, the largest DeFi lending protocol, once ranked 38th among US banks in terms of asset size. Daily on-chain stablecoin lending volume stands between $1.5 billion and $2 billion. The lending product offered by Coinbase in partnership with Morpho has reached a loan size of $1.75 billion. (The Block)
on-chain analyst Specter stated that the hijacking incidents of investor Keith Gill, Matt Furie, and WinRAR accounts on the X platform are all linked to the same hacker organization. This organization has accumulated over $14 million in profits by hijacking accounts to promote tokens and conducting cross-chain money laundering, with funds flowing through five chains: Solana, BNB Chain, Ethereum, Tron, and Hyperliquid.Specter claims the organization may also be connected to a $2.45 million wstETH phishing attack in 2024. The investigation found that hackers used compromised accounts to issue Pepe imitation tokens, incorporating a built-in 2% automatic fee mechanism to generate profits; related fund flows are associated with the bnbshare.fun platform and multiple Solana, Tron, and Ethereum addresses. Analysis also showed that several tokens (including USOR, VDOR, DROID, WCOR, UGOR) were used to inflate market caps before being dumped to zero.
The Hyperliquid Policy Committee (@hyperliquidpc) recently traveled to Washington, D.C. to meet with policymakers and discuss regulatory pathways amid the advancement of the Clarity Act legislation. Topics covered included Hyperliquid’s value proposition for U.S. consumers, global demand for on-chain trading, and foundational principles of DeFi markets. Jeff.hl noted bipartisan support among policymakers for prudent cryptocurrency regulation and expressed optimism about making formal U.S. user access to Hyperliquid a reality.
the Hyperliquid Policy Center stated that Hyperliquid, as an on-chain perpetual contract trading platform, can provide a new model for market integrity and transparency. The agency claimed that Hyperliquid makes all on-chain transaction records publicly available in real-time, which helps regulators and law enforcement agencies with monitoring, identification, and investigation, and also reduces the risks of insider trading and price manipulation.Previous reports indicated that ICE and CME are communicating with U.S. regulators, urging the CFTC to strengthen oversight of Hyperliquid. Their argument is that the platform's 24/7 operation of commodity trading could pose manipulation risks to markets such as global oil prices.Hyperliquid has recently experienced rapid growth in the commodity trading sector, partly due to its support for non-traditional trading hours and weekend trading. This week, 21Shares and Bitwise also successively launched ETFs related to Hyperliquid, citing increased oil and metal trading activity on the platform.The Hyperliquid Policy Center, however, believes that round-the-clock trading actually enhances market efficiency. Since price changes do not stop when traditional exchanges are closed, continuous trading helps reduce gaps between trading sessions and improves price discovery.
the Hyperliquid Policy Center stated on X that Bloomberg’s coverage of some traditional exchanges’ concerns regarding the integrity and influence of Hyperliquid’s perpetual contract market is “unfounded.” Hyperliquid achieves market transparency through fully on-chain records, with every transaction publicly available in real-time, traceable, and immutable. This mechanism significantly reduces the potential for insider trading and price manipulation, and aids regulators and law enforcement in monitoring, identifying, and investigating activities.Furthermore, Hyperliquid emphasized that its 24/7 trading mechanism significantly enhances market efficiency, allowing prices to continuously reflect information changes even during traditional exchange holidays. This reduces price gaps and liquidity fragmentation caused by segmented trading hours, thereby optimizing overall price discovery.On regulatory matters, Hyperliquid pointed out that the current U.S. legal system has not yet fully adapted to the structure of public chain-based derivatives markets. However, it expressed a welcome and anticipation for cooperation with policymakers in Washington to progressively incorporate on-chain markets within the regulatory framework.
According to Odaily, THORChain has issued an emergency announcement stating that after discovering a suspected breach of an Asgard vault, the network has suspended trading operations to respond to the security incident. Preliminary information indicates that user funds remain unaffected, with losses primarily concentrated on the protocol's own capital.The official statement noted that the system automatically detected anomalous behavior and halted signing operations, thereby alerting the community and preventing further asset outflow. The investigation is currently ongoing to determine the root cause of the vulnerability and the full scope of the impact.Known information indicates that this incident involves one of the six Asgard vaults, with estimated losses of approximately $10.7 million. Meanwhile, staked RUNE on the affected nodes has been slashed due to a penalty mechanism triggered by unauthorized outgoing transactions. The network has paused churn operations and delayed the launch of new chains and related features until system stability is restored.THORChain stated that no user cross-chain transactions have been affected so far and has requested node operators to thoroughly inspect their infrastructure, secure key management, and anomalous behavior, and to submit relevant logs to assist the investigation.
According to CoinPost, Japanese blockchain infrastructure company Nihon Blockchain Kiban has officially decided to issue the trust-based JPY-pegged stablecoin EJPY. The stablecoin is planned to be deployed on Japan Open Chain (JOC) and Ethereum, with the goal of launching issuance and circulation on JOC within fiscal year 2026. The announcement states that the trust-based architecture required for EJPY has achieved phased progress. The company noted that EJPY will primarily serve inter-corporate settlements, digital asset payments, fund transfers, and various Web3 payment use cases, and that it will advance a multi-chain strategy centered on JOC. Specific details—including the actual launch date, issuance terms, partner institutions, and supported blockchains—will be announced separately after consultations with regulatory authorities and relevant organizations and completion of necessary procedures.
According to The Block, global asset management firm Franklin Templeton and Payward—the parent company of cryptocurrency exchange Kraken—have announced a partnership to jointly explore tokenization pathways for traditional investment products. The collaboration spans tokenized equities, compliant custody, actively managed yield products, and institutional crypto liquidity services. The two parties plan to launch tokenized Franklin Templeton financial products targeting institutional clients, with potential expansion to Kraken’s broader user base depending on circumstances. Arjun Sethi, Co-CEO of Payward, stated that this partnership will pioneer entirely new product categories that were not feasible just three years ago. Meanwhile, Payward has applied to the U.S. Office of the Comptroller of the Currency (OCC) for a national trust company charter to further expand its access within the U.S. financial system.