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Odaily News In a recent interview on Cointelegraph's program Chain Reaction, Lucas Sum, Head of Stock Market Development at Gate, stated that crypto and stocks are quietly converging and increasingly becoming part of the same macro trade. He pointed out that the correlation between the crypto market and the Nasdaq index is currently higher than the five-year average, with the correlation coefficient once exceeding 0.8. Market sentiment is generally cautious at present, with more funds staying in low-risk assets such as stablecoins, as investors await clearer catalysts.Lucas Sum believes that the core narrative of the next market cycle may no longer be "crypto vs. Wall Street," but rather traditional financial assets accelerating their entry into the digital financial system through on-chain infrastructure. The scale of RWA has grown from approximately $12 billion a year ago to over $30 billion, while the scale of tokenized U.S. Treasury bonds has also reached approximately $15 billion, indicating that on-chain financial infrastructure continues to expand. Meanwhile, macro liquidity, real yields, and regulatory clarity remain key factors influencing the performance of risk assets. Against this backdrop, investors' focus is shifting from single-asset allocation to coordinated allocation across multiple asset classes. Lucas Sum noted that Gate is continuously expanding its stock business, currently covering U.S., Hong Kong, and Korean stock markets, with plans to extend further into more global markets to provide the necessary infrastructure for multi-asset investment.
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.
Odaily Odaily Planet Daily reports that Swiss investment institution Multi Investment has announced the completion of a CHF 480 million (approximately USD 616 million) fundraising round, bringing its total assets under management to over CHF 3 billion. The initiative aims to further advance its portfolio diversification strategy, with a key focus on high-growth sectors including FinTech, Deep Tech, Blockchain, and Web3. Multi Investment plans to increase its investment intensity in these strategic areas before the third quarter of 2026, with multiple deals currently under evaluation. It also intends to rapidly expand its influence within relevant emerging ecosystems. (eqs-news)
According to PR Newswire, Swiss investment firm Multi Investment announced the completion of a CHF 480 million funding round, bringing its assets under management to over CHF 3 billion. The company stated that this financing will advance its portfolio diversification strategy, with a focus on high-potential innovation sectors including fintech, deep tech, healthcare, blockchain and Web3, and biotechnology. It plans to complete targeted investments exceeding CHF 250 million by the end of Q3 2026, and several transactions are currently under review.
According to official news, BitMart has recently launched a TradFi aggregation page, consolidating various traditional financial assets such as stocks, indices, precious metals, forex, and commodities onto a single page. Users can now view market data, filter targets, and execute trades all within one interface, eliminating the need to switch between different sections.The page has undergone structural adjustments centered around multi-asset trading scenarios, unifying previously dispersed asset entry points and simplifying the trading path. By optimizing the page layout and operational logic, asset switching and order placement processes have become smoother, thereby enhancing overall trading efficiency to a certain extent.