Bracket

Bracket's platform infrastructure provides key services to securely scale both on and off-chain yield vaults. Backed By Binance Labs.

[Bracket @bracket_fi]

https://t.co/pzpcUduFz2

[Bracket @bracket_fi]

To everyone who deposited, tested, broke things, and told us about it: thank you.

Follow @KaltraHQ to see where it goes next.

[Bracket @bracket_fi]

Bracket Vaults are transitioning.

Your funds are safe and always withdrawable. Nothing in this notice causes you to lose access to anything.

The smart contracts remain live, and your funds remain permanently withdrawable from them.

Here's what's happening and what to do. 🧵👇

[Bracket @bracket_fi]

Discord stays open through at least November 15, 2026, for withdrawal support.

If you have a position and a question, that's where to ask.

[Bracket @bracket_fi]

Tokenization is entering its infrastructure phase.

Today, Kaltra acquired Bracket Labs' vault infrastructure platform and related IP.

The deal brings proven on-chain technology into Kaltra's strategy to build institutional infrastructure for tokenized alternatives and real-world assets.

Bracket's technology has processed tens of millions of dollars in deposits, and brings together:

→ Permissioned access
→ Smart-contract-enforced risk controls
→ On-chain NAV accounting

Kaltra plans to build on this foundation with custody, settlement and compliance infrastructure designed to support the full lifecycle of tokenized financial products.

The opportunity ahead is bigger than simply putting assets on-chain.

It is about building the infrastructure that allows funds, private credit, alternative strategies, and other real-world assets to be issued, managed, and distributed on blockchain rails, with the controls institutional markets require.

👉 Read the full announcement:

[Bracket @bracket_fi]

https://t.co/pzpcUduFz2

[Bracket @bracket_fi]

https://t.co/BkrNHNy2Pd

[Bracket @bracket_fi]

Twenty-one of the world's largest banks are building a dollar stablecoin that, by law, cannot pay its holders a cent, and that ban is a reason they want to build it.

On September 1, a consortium including @GoldmanSachs, @Citi, @BankofAmerica, @DeutscheBank, @UBS, and MUFG confirmed plans to form a company this year and bring a GENIUS Act-compliant USD stablecoin to market in H1 2027, on public chains.

Under GENIUS, a payment stablecoin issuer cannot pass any yield to holders.

For a crypto-native issuer that is a handicap; for these banks it removes the one axis where a newcomer could undercut them and moves the contest to settlement and distribution, where incumbents already win.

> 21 banks, including Goldman, Citi, BofA, Deutsche, UBS, MUFG
> USD token targeted for H1 2027, on public blockchains
> GENIUS bars issuers from paying any yield to holders
> USDT and USDC still hold ~85% of a ~$303B stablecoin market . . .

The ban relocates the demand for yield rather than removing it. The reserve income these tokens throw off goes to the issuer, not the holder, so every dollar parked in one is a dollar whose owner still wants a return and has to earn it somewhere the token itself cannot provide.

The larger this non-yielding money layer grows, the larger the pool of capital sitting on top of it with nowhere to compound.

That capital looks for a compliant, risk-managed place to turn a parked balance into real return, a different job from issuing the dollar and a harder one than settling it.

One caveat: a three-party consortium structure may route yield indirectly, and regulators have moved to treat those arrangements as breaking the rule, so the line is not yet settled.

But the token itself still pays its holder nothing.

Smart money is watching where the yield on all this parked stablecoin ends up, because a bigger layer of money that cannot earn is the clearest signal yet of demand for the layer that makes it earn.

Source in 🧵

[Bracket @bracket_fi]

This is the final tweet in this thread.

Be wary of accounts trying to impersonate Bracket.
The official X/Twitter is @bracket_fi.

[Stay Safe]

8/8 🏁

[Bracket @bracket_fi]

[WEEKLY RECAP]

In case you missed it . . .

A recap of the most important events of the week! 🧵

[Bracket @bracket_fi]

Bracket is available to users outside the US and non-sanctioned jurisdictions.

For full details, see our Terms of Service:
https://t.co/9NTCOw5UL2

7/8👇

[Bracket @bracket_fi]

To Learn About Bracket, Go Here: https://t.co/HEGJycXbun

To Deploy, Go Here: https://t.co/IHavqccnFG

[Bracket @bracket_fi]

The most important updates on tokenization 👇

> @RECLindia issues India's first tokenized bond
> @Securitize + @varadubai ink tokenization MoU
> @liqibr + @XDCNetwork target $2B in credit
> @solana leads RWA inflows: $348M/30d
> RWA holders 2x in a month to 3.3M

Learn more 🧵

[Bracket @bracket_fi]

> @RECLindia issues India's first tokenized corporate bond (~$57M), settled in the wholesale digital rupee:
https://t.co/tDJBMDj5c5

> @Securitize signs an MoU with Dubai's @varadubai to build regulated tokenized markets:
https://t.co/ObbuhnDCY7

> @liqibr + @XDCNetwork raise their target to $2B in tokenized credit as Brazil's CVM opens a tokenization working group:
https://t.co/PSltJxQpc7

> @solana led all chains in RWA net inflows, ~$348M over 30 days ($4.23B on-chain):
https://t.co/fM05krE0zg

> Tokenized RWA holders doubled in 30 days to ~3.3M, with the market near $39B:
https://t.co/Xs5HE6OWR0

[Bracket @bracket_fi]

Nearly $320 million in bitcoin left a settlement network's reserve over one weekend, and not a single private key was compromised.

The network was Liquid, the @Blockstream sidechain that exchanges and institutions use to move bitcoin faster, where every L-BTC is backed one-for-one by BTC held in a federation wallet. On September 6, roughly 4,000 of its 4,200 BTC left that wallet, about 95% of the reserve, with every federation key intact. The money exited through @Side_Swap, an approved peg-out route, released by a validation bug that let the system wave through a withdrawal it should have stopped.

> ~4,000 of ~4,200 $BTC withdrawn, close to 95% of the reserve backing L-BTC.
> An 11-of-15 multisig of known institutions, no key stolen or forged.
> Bitcoin's base layer untouched, the failure sat in the federation layer built on top . . .

The detail that matters got buried under the headline number. The reserve moved without anyone breaking the cryptography, because the system trusted an authorized path and could not enforce a limit on what that path was allowed to do. When the security model is a set of trusted signers and approved routes, what breaks is the constraint meant to hold behavior in check, long before any key is at risk.

For anyone deploying capital on-chain for yield, that is the risk sitting underneath the return. The base asset can be sound, and the yield can be real, and both still rest on a custody layer that has to enforce where funds are allowed to go. Key security was held here, and the money left anyway, because the limit on an approved route was the piece that failed.

The white hats returned most of the bitcoin two days later, and that is the uncomfortable part. The money came back on goodwill, and a recovery that depends on the taker choosing to return it was never a control.

Smart money is reading past the recovery to the custody design underneath the yield. The return made the headline calmer, while the architecture that allowed the withdrawal still decides whether capital deployed for yield can be moved out from under the people who earned it.

Source in 🧵