News linked to both this project and an event.
According to a report in Caijing magazine, Zhang Ming, Deputy Director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, and other experts have advocated exploring the tokenization of dim sum bonds in Hong Kong as a priority asset direction worthy of development in the era of HKD stablecoins. Dim sum bonds combine the internationalization of the RMB, Hong Kong’s regulatory advantages, national asset allocation requirements, and the attributes of an offshore RMB and standardized financial instrument, alongside internationalized issuers and standard fixed-income asset features. Aligning with the global RWA (Real-World Assets) tokenization trend, they represent a crucial breakthrough avenue for Hong Kong’s digital finance sector and are well-suited to serve as premium underlying assets for an HKD stablecoin ecosystem. Whether a stablecoin ecosystem can generate long-term demand hinges not on “who issues,” but on “which assets can be purchased, settled, and allocated.”
Odaily reports: Solana ecosystem tokenization platform Metaplex has announced the launch of MPL-3643, a new standard for permissioned real-world assets and tokenized securities on Solana, enabling issuers to issue assets directly on Solana without the need for a wrapped asset model.The standard embeds transfer restrictions, lock-up periods, and compliance lifecycle management into assets, and is built on Token-2022, sRFC 37, and Solana Attestation Service. MPL-3643 has now entered a limited-access Alpha phase.
Odaily News: Franklin Templeton has expanded its off-exchange collateral program to Bybit, allowing users to use their tokenized money market fund shares as collateral for crypto trading. These shares represent approximately $686 million in net assets and can be used to borrow USDT or USDC, while the underlying assets continue to generate yield.Users do not need to transfer the underlying assets to Bybit. The regulated custody platform ByCustody will hold the relevant assets off-exchange, with their value mirrored within Bybit's trading environment. Franklin Templeton has previously offered similar services to Binance and OKX users.
According to official announcements, Huobi HTX will open spot trading and grid trading for the XDP/USDT pair on September 28 at 22:00 (UTC+8). XDP deposit services will open on September 28 at 18:00, and withdrawal services will open on September 29 at 22:00. Doppler Finance builds infrastructure for tokenized capital markets, covering yields, collateral utilization, and tokenized real-world assets (RWAs). Its tech stack combines regulated custody, comprehensively audited reserves, and rigorously vetted strategies, aiming to achieve security, transparency, and scalability. Doppler Finance aims to help institutions and users access on-chain productive opportunities through infrastructure that meets real-world standards.
Odaily reports: The Hong Kong Securities and Futures Commission has published a strategic action agenda for implementing its first five-year plan. In the short term, it will introduce a new digital asset licensing regime and implement digital asset custody supervision, CrypTech market surveillance, and anti-money laundering capacity building.In the medium to long term, it will develop a regulatory framework for tokenized investment products as appropriate, covering tokenized gold and other real-world assets. The institution will also support the Hong Kong SAR government in establishing a central gold clearing and settlement system and developing RMB-denominated gold and commodity products. (HK01 NFT)
Odaily News: The fund was founded by Abu Dhabi-based investor and Further Ventures co-founder Mohamed Hamdy, with Thoro Capital Management serving as the manager and Mohamed Hamdy as Managing Partner. Thoro Capital Management will settle in USD via stablecoins and lend directly to digital asset institutions, with Hashed as the anchor investor. The fund employs a covenant-based underwriting approach, assessing borrowers' financial condition, cash flow, and management performance, aiming to alleviate the financing issues caused by traditional banks' regulated capital requirements and crypto lenders' reliance on asset-collateralized underwriting. Tokenized private credit has become the largest real-world asset (RWA) category by cumulative on-chain lending volume, with total loans exceeding $14 billion, while the traditional private credit market exceeds $3 trillion. Previously, Hashed obtained a financial services permission from the Abu Dhabi Global Market and signed a memorandum of understanding with the Abu Dhabi Investment Office.
According to Odaily, the latest data from Reality shows that trading activity for its Nvidia stock token (rNVDA) has surged, with single-day trading volume reaching $38.86 million, setting a new high since its launch.It is reported that rTokens, identified by the letter "r" plus the stock ticker (e.g., rNVDA for Nvidia), are issued by Bitget's licensed RWA protocol Reality. Through a partnership with compliant brokerage Alpaca, they connect directly to global liquidity pools including Nasdaq and the NYSE. Their features include: 1:1 reserve backing of underlying assets held by licensed custodians, stock dividends distributed 1:1 in token form, support for synchronous mapping of corporate actions (such as stock splits and reverse splits), and positions usable as joint margin for Bitget's Unified Account and USDT-margined futures, allowing users to flexibly manage their funds while holding global stock assets.
Odaily News: Bitget Wallet has announced its integration with RWA protocol Reality, opening trading access to over 1,700 rToken tokenized US stocks. Through this integration, users can trade tokenized US stocks 24/7 on Arbitrum and Morph without needing to open an overseas brokerage account, submit KYC, complete a W-8BEN form, or arrange a wire transfer. Dividends generated by the corresponding underlying assets will be credited to Bitget Wallet in USDT at a 1:1 ratio.Reality is a compliant tokenized asset issuance platform, licensed under El Salvador's digital asset issuance law framework. Its issued rTokens are backed 1:1 by real US stocks, currently supporting over 1,700 tokenized US stocks including rTSM, rNVDA, rAAPL, and rQQQ, covering approximately 95% of US market trading volume. rTokens can connect directly to liquidity across all US markets including Nasdaq and the NYSE, with underlying assets compliantly custodied by FINRA-licensed broker-dealer Alpaca Securities, maintaining a reserve ratio exceeding 100%, with third-party CPA firms issuing daily real-time Proof of Reserve (PoR). This integration will further advance Bitget Wallet's Everyday Finance strategy, aiming to enable users to seamlessly conduct everyday transactions of traditional financial assets through an on-chain wallet.
Odaily News: According to Gate Ventures' latest weekly report, last week's escalation of geopolitical conflicts in the Middle East combined with U.S. core inflation exceeding expectations significantly heightened global market volatility. Brent crude and WTI crude surged 8.33% and 9.36% respectively, returning above $100 per barrel; U.S. August core CPI rose 0.29% month-over-month, higher than expected, pushing the 10-year Treasury yield to 4.97%, with market-implied probability of a September rate hike rising to approximately 86%; spot gold fell 1.82% to $4,349.42 per ounce. U.S. stock indices — the S&P 500, Nasdaq, and Dow Jones — declined 0.80%, 0.66%, and 1.57% respectively; the crypto market weakened in tandem, with BTC and ETH dropping 4.4% and 1.5% respectively. Spot BTC ETFs saw net outflows of $462.7 million, while ETH ETFs recorded net inflows of $197.1 million. The fear index dropped from 71 to 57, indicating a cooling of market sentiment.On the industry front, India launched a $107 million tokenized corporate bond pilot program, further advancing institutional-grade RWA tokenization; Gemini obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore, further expanding its regulatory footprint in the Asia-Pacific region; and the Philippine central bank plans to suspend new payment system operator registrations for 12 months, tightening oversight of VASP-related payment activities.On the funding side, a total of 9 financing deals were completed last week, with disclosed total funding reaching $158.4 million, down 88% quarter-over-quarter. Overall, energy prices and inflation expectations remain the core variables driving short-term market trends, while interest in tokenized assets and institutional-grade crypto infrastructure development remains undiminished.
The Jiangsu Securities Regulatory Bureau issued a risk warning stating that recently, some institutions and individuals have been hyping the concept of Real-World Asset tokenization (RWA), attracting public investment with claims such as "backed by real assets," "principal guaranteed with high returns," and "low risk with stable appreciation." Such behavior may involve illegal criminal activities including illegal fundraising, fraud, and money laundering. Regulatory authorities emphasize that conducting financing activities under the name of RWA within mainland China constitutes illegal financial activity. Investors should enhance their risk awareness, stay away from related illegal financial temptations, and promptly report any suspicious clues to the competent authorities or file a report with the public security organs upon discovery.
According to reports from Seoul Economic Daily, the overseas KRW-denominated stablecoin KRWQ has removed tokenized Korean Treasury Bonds (KTB) from its reserve assets, approximately six months after their inclusion. KRWQ's reserves currently consist only of two USD stablecoins: USDC and frxUSD. KTB was co-issued by Shinhan Securities and the RWA tokenization platform Etherfuse, with underlying assets comprising Korean government bonds with maturities of one year or less. Shinhan Securities stated that upon learning KTB was used as a reserve asset, it considered the move a compliance risk and directed Etherfuse to remove it, while emphasizing that there is no cooperative relationship between Shinhan Securities and KRWQ. Previously, KRWQ had promoted itself as "the first KRW stablecoin to adopt tokenized Korean government bonds as reserve assets," and the project continues to face scrutiny over money laundering allegations.
According to reports from the Hong Kong Commercial Daily, Chau Tat-kun, Legislative Councillor for the Innovation and Technology functional constituency, has released a policy initiative titled the "3+3 Collaborative Development Blueprint". The proposal recommends that the Securities and Futures Commission (SFC) establish an independent dedicated department for digital assets to unify regulatory standards, shorten approval cycles, and build an integrated compliance infrastructure. The proposal simultaneously covers several supporting pathways, including establishing early investment channels for Web3, exploring an over-the-counter fundraising mechanism dubbed the "Hong Kong version Web3 Pink Sheet", and advancing the tokenization of real-world assets (RWA) and tokenized equities, aiming to position Hong Kong as an international digital asset hub by 2032. Currently, Hong Kong has approved 11 virtual asset spot ETFs, the highest in Asia, and the Stablecoin Ordinance has also been legislated.
According to the Hong Kong Commercial Daily, Mr. Peter Yau Tak-kan, a Member of the Legislative Council for the Innovation and Technology functional constituency, has issued a policy initiative document titled "The '3+3 Collaborative Development Blueprint: Hong Kong’s Innovative Pathway to Integrate with the Nation’s Future Industries.'" Regarding digital finance (including Web3 and digital assets), Mr. Yau proposed a macro vision to "build an international digital asset hub by 2032," with recommendations covering the establishment of early investment channels for Web3 finance, the creation of a "Hong Kong-version Web3 Pinksheet" over-the-counter fundraising mechanism, and the active promotion of real-world asset tokenization (RWA) and tokenized stocks.
According to official announcements, Mantle has announced that USDG, a US dollar stablecoin issued by Paxos, has officially launched, becoming one of the first native stablecoins on the Mantle network. This integration establishes Mantle as a partner of the Global Dollar Network (GDN). Mantle will directly participate in GDN's reward-sharing mechanism, standing alongside over 150 partners, including Robinhood and Kraken, to drive user growth. As one of the few stablecoins subject to dual regulation under both the Monetary Authority of Singapore (MAS) and the European Union's MiCA framework, USDG currently has a circulating value exceeding $3.5 billion. One of Mantle's missions is to introduce more institutional-grade assets, including tokenized equities, yield-bearing stablecoins, and tokenized funds, thereby providing borderless investment access for everyone. The integration of USDG will further advance Mantle's development into an open financial network bridging institutional players and users. According to reports, the addition of USDG further enriches Mantle's existing portfolio of institutional-grade assets, which includes Agora's AUSD, Ethena's USDe, Ondo's USDY, and Tether's USDT0, among others. Over the past year, Mantle's stablecoin TVL has surpassed $982 million, with RWA T
According to Odaily, the latest data from Bitget shows that the platform's stock token rToken has surpassed $200 million in Assets Under Management (AUM). In terms of trading activity, cumulative rToken trades reached 1.2 million in August, with the number of active traders growing 20% month-over-month and weekend trading volume share rising 8% compared to the previous month.As reported, rTokens—identified by the letter "r" followed by the stock ticker (e.g., rNVDA for Nvidia)—are issued by Reality, a licensed RWA protocol under Bitget. Through a partnership with compliant brokerage Alpaca, rTokens connect directly to global liquidity pools such as Nasdaq and the New York Stock Exchange. Key features include: 1:1 reserve backing of underlying assets held by licensed custodians, stock dividends distributed 1:1 in token form, synchronized corporate actions such as stock splits and reverse splits, and the ability to use holdings as joint margin for Unified Account and USDT-margined contracts—allowing users to hold global equity assets while still managing capital flexibly.
Odaily News: Wintermute posted on X that the crypto market has rebounded over the past two weeks, with ETF inflows turning positive and stablecoin issuance stabilizing. However, to usher in a full new cycle, the market still needs new sources of capital. Historically, VC and ICO funding in 2017-2018, stablecoins in 2020-2021, and ETFs and digital asset treasury companies in 2024-2025 have all accelerated bull market cycles. RWA could become the next major liquidity channel. Data shows that stablecoin supply grew by over $120 billion within a single year; ETFs recorded cumulative net inflows of $63 billion, while digital asset treasury companies accumulated over $115 billion in holdings.In comparison, RWA attracted approximately $16 billion in capital over the past 12 months—only about one-tenth of the peak scale seen from ETFs and treasury companies in the previous cycle. However, the value of on-chain tokenized assets has roughly doubled within a year to over $30 billion, and this growth continued even during periods of stablecoin supply contraction.Wintermute believes that RWA capital initially flows into traditional assets such as Apple stock and U.S. Treasury funds, rather than directly into crypto assets. But once these funds enter the blockchain, the friction involved in rotating toward Bitcoin, altcoins, and DeFi is expected to decrease significantly. As the regulatory framework gradually becomes clearer and tokenized Treasuries and funds begin gaining acceptance as collateral on trading platforms and within DeFi, RWA could drive a market cycle that unfolds at a more moderate pace and lasts longer.
: FinTax, a provider of cryptocurrency financial and tax solutions and their AI infrastructure, has announced the completion of its seed round of financing, led by YZi Labs (through EASY Residency S4), with participation from Amber, Hash House, Pundi AI, Waverider International, and Nexus Holdings, at a post-investment valuation of $40 million. Previous round investors include Victory Courage, BGIN, Tools Factory, and individual investor Fan Chao.In recent years, YZi Labs has been consistently expanding its presence in stablecoins, RWA, payments, and institutional-grade digital asset infrastructure. Leveraging FinTax's expertise in on-chain data processing, crypto accounting, cross-jurisdictional tax practices, and crypto asset financial auditing, both parties will explore long-term ecosystem collaboration centered on institutional-grade financial and tax infrastructure, compliance standards, and emerging scenarios such as stablecoins, RWA, and payments.Following the completion of this financing round, FinTax will accelerate the scaling of its five major product lines, expand its business from Asia-Pacific and North America into European and Middle Eastern markets, and deepen the application of AI in complex financial and tax scenarios. FinTax will continue to drive dual iteration of blockchain and legal systems across dozens of jurisdictions, connecting on-chain economic activities with the real-world financial and tax framework.
Bitget has added two new stock spot rTokens: rDJT (Trump Media & Technology Group) and rPURR (Hyperliquid Strategies). As of now, the Bitget platform supports a total of 695 rTokens. Identified by an "r" prefix followed by the stock ticker (e.g., rNVDA for Nvidia), rTokens are issued by Reality, a licensed RWA protocol under Bitget. Through a partnership with the regulated brokerage Alpaca, they connect directly to global liquidity pools including Nasdaq and the NYSE. Key features include underlying assets backed 1:1 and held by licensed custodians, stock dividends distributed 1:1 in token form, synchronous mapping of corporate actions (such as stock splits and consolidations), and the eligibility of holdings to serve as joint margin for unified accounts and USDT-margined contracts, enabling users to hold global stock assets while maintaining flexible fund management.
Odaily News: CZ responded to discussions about the "Memestock" model on the X platform, stating that the combination of Memecoin and tokenized stocks is an "innovative and interesting" development, but the key lies in whether issuers have the ability to honor their commitments.It is reported that some community users have shared their views on the "Memestock" trend, which combines Memecoin with tokenized stocks, allowing Memecoin holders to receive tokenized stock returns without any additional actions. This model introduces new utility value to Memecoins that previously lacked practical use cases, and the related innovations are currently concentrated mainly in the BNB Chain ecosystem.In response, CZ said: "This is indeed a new and interesting direction. But we need to ensure that issuers can truly fulfill their obligations."Some community users believe that the combination of Memecoin and Real World Asset (RWA) tokenization is exploring a shift from purely community-driven assets to digital assets with yield or equity attributes. However, tokenized stocks involve issues such as underlying asset custody, compliant issuance, and income distribution. The credibility of issuers and the regulatory framework will be key factors determining whether this model can achieve long-term development.
Odaily News Figure Co-founder and Executive Chairman Mike Cagney announced that the company will launch a mobile application called The Wallet Co, designed to combine the ease of modern fintech with self-custody and blockchain-native products.The Wallet Co will offer features such as instantly spendable interest-bearing cash, RWA yields, and securities prediction markets, with an AI Agent built into every wallet.Additionally, The Wallet Co is publicly hiring for operations and compliance lead roles, requiring relevant experience in KYC/AML, payments, and fund flows.