News linked to both this project and an event.
Odaily News: The latest software version 3.3.0 of XRP Ledger (XRPL) introduces several upgrade proposals, including Confidential Transfers. This feature is designed for institutional users, supporting encrypted token balances and transfer amounts while preserving the visibility of accounts and token types. It is primarily applied to Multi-Purpose Tokens (MPT) on XRPL, including tokenized financial assets such as funds and bonds. Through cryptographic technologies like zero-knowledge proofs, the network can verify transaction validity without disclosing specific amounts. XRPL currently holds approximately $1.38 billion in on-chain real-world assets (RWA), including about $845.7 million in RLUSD. In addition to RLUSD, there are over $530 million in tokenized assets on XRPL, involving issuers such as Ondo, VERT Capital, Archax, and Societe Generale. XRPL 3.3.0 also includes five proposals—Batch, Sponsor, Permission Delegation, and Dynamic MPT—addressing institutional needs such as batch transactions, fee sponsorship, permission management, and dynamic adjustments to token attributes. The aforementioned upgrades have not yet been officially launched and will only be activated after receiving support from more than 80% of XRPL's trusted validator nodes for two consecutive weeks.
the perpetual contract trading platform Ondo Perps has launched a tokenized stock collateral feature, enabling all users to now use Ondo Stocks tokenized shares as margin to support their perpetual contract positions.The feature initially supports the tokenized S&P 500 ETF (SPYon) and Nasdaq 100 ETF (QQQon). Ondo stated that users no longer need to convert funds into stablecoins or sell their held assets, but can instead utilize tokenized stocks as productive capital to participate in derivatives trading. Ondo Perps noted that the platform's cumulative trading volume has exceeded $3.8 billion, with trader demand primarily concentrated in the following areas: hedging equity risk within a single platform; deep liquidity for stock perpetual contracts; lower spreads and reduced slippage; execution speed comparable to centralized exchanges (CEX); round-the-clock 24/7 trading; and leverage of up to 20x.Ondo stated that the tokenized stock collateral feature is a key component of its "productive capital" strategy, aimed at enhancing the capital efficiency of tokenized stocks and driving the liquidity and efficiency of the on-chain stock perpetual contract market progressively closer to that of traditional derivatives markets.Previously, Ondo Stocks had pioneered the tokenization of US equity assets. Now, Ondo Perps is further building trading and margin mechanisms on top of tokenized assets.Ondo indicated that current perpetual contract trading is only a part of its larger vision. In the future, it will continue to build on-chain prime brokerage infrastructure encompassing trading, financing, and margin management functions, providing a more comprehensive financial services layer for the tokenized asset ecosystem.
Hyperliquid News posted on X platform saying that Tradexyz has added a Pre-IPO market feature to its documentation. This system allows users to gain exposure to stocks before their public listing.This market oracle prices assets based on the company's latest funding round, with the market determining the price via Hyperp. Upon IPO completion, the perpetual contract automatically converts at the IPO price. If no IPO occurs, it settles at the average Pre-IPO price. The CBRS Pre-IPO market is now tradable, with an expected IPO date of May 7.