Token Relations

The top ecosystem & investor relations platform helping teams better inform stakeholders. Read by millions & 130K+ subscribers. Brought to you by @StrataMedia_

[Jacquelyn Melinek @jacqmelinek]

JUST IN: @HSBC is rolling out its Hong Kong dollar stablecoin, HSBC RedCoin, to its 3.3M+ PayMe app users starting Friday, @SCMPNews reported

This comes about 6 months after HSBC announced its stablecoin issuer license from the HKMA in April (image below.)

“HSBC plans to fully integrate the stablecoin into its Hong Kong mobile banking app by year-end. It will allow customers to instantly subscribe to tokenised asset products, including money-market funds,” SCMP stated.

[Token Relations @TokenRelations]

We are excited to announce that StrataMedia is now the official distribution partner of the Franklin Crypto Research Competition, put on by @college_xyz and @FranklnTempletn

For more information, join the Kick-Off Town Hall tonight at 8pm EST: https://t.co/xk4jTo1m1j

[College.xyz @college_xyz]

Franklin Crypto Research Competition @ UBC 2026

Year 3 of the Franklin Crypto ( @FTDA_US ) Research Competition starts tonight. This post explains how the competition works, from now until the live pitch finals at the @UBC_Conference in Austin on November 20.

The Tracks (pick one, pitch one asset)
1. Long: under $250M circulating market cap
2. Long: over $250M circulating market cap
3. Short: over $1B circulating market cap

$10,000 Prize Pool
• $2,500 to the winner of each track
• An extra $2,500 to the top team across all tracks

How It Works
• Teams of 1–4 students. You can compete solo, and each school can enter as many teams as it likes.
• Stage 1: a written investment thesis of up to 5 pages, due Nov 9 at 11:59 PM ET
• Stage 2: the top 3 teams in each track pitch in person at UBC on Nov 20 at UT Austin (5-minute pitch, then 5 minutes of judge Q&A)

Key Dates
• Oct 22: Competition opens + Kick-off Town Hall (8 PM ET)
• Oct 29: Blockworks + Allium tools demo (8 PM ET)
• Nov 9: Written reports due (11:59 PM ET)
• Nov 16: Finalists announced
• Nov 20: Finalist pitch at UBC
• Nov 21: Winners announced

Judges come from @FTDA_US, @Collab_Currency, @Blockworks, @nolimithodl.

Distribution Partner (more announced soon 👀): @StrataMedia_

Sign up for the competition here: https://t.co/PSAUhNU83B

Full details on the competition: https://t.co/OY4NmsF392

[Token Relations @TokenRelations]

alright i'll be going on vacation for the next few days so handing off the reigns to a new intern

please be nice to them

[Token Relations @TokenRelations]

Tokenized equities on @Mantle_Official have grown 33% since April to $4.4M in market cap, while the number of tokenized assets on the network has climbed from 70 at the start of the year to more than 1,500.

@JoshuaCheong, Head of BD/Product at Mantle, explained on @_TalkingTokens how tokenized equities are having its gold rush moment:

"The main thing that has become almost a gold rush is tokenized equities.

Our industry has figured out the playbook for this, and through fundamentally the brokerage model, you can suddenly open up the access to hundreds, if not thousands of assets."

[Token Relations @TokenRelations]

Please refer to us as Frontier Relations now.

Thank you for your attention to this matter.

[Chris Dixon @cdixon]

https://t.co/pQssLkjGX8

[Jacquelyn Melinek @jacqmelinek]

In today's @TokenRelations Institutional Ethereum newsletter:

Onchain credit on Ethereum hit $2.79B this month

It's still below the $3B+ levels from before April, but credit seems to be coming back, up 8.6% MoM

[Token Relations @TokenRelations]

https://t.co/AwyFQikH49

[Token Relations @TokenRelations]

📊 Stablecoin market cap on @StellarOrg has grown 154% this year, rising from $216.6M in January to $551.1M by October.

Most of that growth comes from @USDC, which makes up more than 95% of stablecoins on the network.

[Token Relations @TokenRelations]

@RobinhoodCrypto More DeFi.

We love DeFi.

[Token Relations @TokenRelations]

Oops meant to tag @anza_xyz 😂☝️

Sorry other Anza

[Token Relations @TokenRelations]

TODAY: @Anza implements Alpenglow upgrade on @Solana, cutting finality to ~150ms, from ~12.8 seconds.

Tom Warner (@redbeard), Head of BD at @DoubleZero, on @_TalkingTokens about why speed and predictability matter for institutions trading on Solana:

"Traditional finance systems are incredibly faster than crypto systems.

Every trading firm builds their model around how long does it take to execute, so you have predictability on, if I want to buy the stock, I know it’s going to take me 20 milliseconds, and then you can calculate based on how long your perceived price alpha exists."

[Token Relations @TokenRelations]

NEW: @Anza_xyz Alpenglow upgrade goes live on @Solana, cutting finality down to ~150ms.

@HypoNyms, co-founder of @harmonic_gg, explained on @_TalkingTokens why speed matters for traders and DeFi protocols:

"I think trading is obviously a big one.

Those are just more sensitive to really low latency stuff, or any kind of sequencing shenanigans. Milliseconds matter for those guys.

But I also think there’s a lot of other protocols where fast inclusion is valuable.

For example, what if you’re a borrow-lend that has billions of dollars in TVL, and you want to create some rule that says, when times get really tough, my liquidator transactions, they need to land at any cost."

[Token Relations @TokenRelations]

@TokenizedPod @sytaylor @cuysheffield @manueljgodoym @jacqmelinek 🔥

[Token Relations @TokenRelations]

.@Fhenix is now live on @ethereum and @arbitrum mainnet

Ethereum ecosystem continues to grow 👇

[Fhenix @fhenix]

Fhenix mainnet is live.

What started as an idea to bring FHE-powered confidentiality to blockchains is now production-ready infrastructure, for you to build with.

CoFHE is now live on @arbitrum and @ethereum, bringing confidentiality to onchain assets without compromising composability.

[Token Relations @TokenRelations]

@taylorjbarr @chainlink @hedera @Aptos @AvaLabs @StellarOrg 🫡

[Token Relations @TokenRelations]

The official @XRP account published a guide to the XRP ecosystem today, and the institutional section is worth a read:

Standard Chartered (@StanChart) now supports institutional custody of RLUSD on XRPL, Brazil's CSD BR has begun mirroring fund ownership records on the ledger, and Aviva Investors, Guggenheim Treasury Services and Ondo Finance are building tokenized products there.

XRPL (@XRPLF) has also settled more than $1 trillion in value since 2012.

The guide points to tokenized funds, stablecoins like RLUSD and agentic payments as the next areas of growth on the ledger.

[XRP @XRP]

https://t.co/vb1k9BvyHp

[Token Relations @TokenRelations]

If you prefer the audio/visual version, watch the entire podcast episode below:
https://t.co/8PcxyxRTt7

[Talking Tokens Podcast @_TalkingTokens]

Today's episode with @Mcdtv, Co-Founder of @inside_r3, dives into:

- How enterprises like Bank of America and Wells Fargo are leveraging blockchain
- Why R3 chose to build on @Solana
- Why fixed income and alternative assets could be tokenization’s next big market

TIMESTAMPS:
00:00 Intro
00:32 How Institutional Blockchain Has Changed
02:55 Why All Markets Will Move Onchain
04:08 Why Todd McDonald Started R3
06:25 Buying Bitcoin in the Early Days
07:37 How R3 Got Major Banks Onboard
09:56 What Crypto Gets Wrong About Banks
12:10 How Banks Are Using Blockchain Today
13:38 Why R3 Changed Its Strategy
14:00 Moving From Private to Open Networks
14:24 Why R3 Chose Solana
16:29 Bringing Corda to Solana
16:52 What Banks Care About in a Blockchain
18:18 What R3 Got Wrong
19:00 Lessons From R3's Early Network Strategy
20:05 Why Open Networks Win
22:05 What's Next for Banks Onchain
23:07 The Opportunity Beyond Tokenized Dollars
24:05 The Trillions in Tokenization
26:17 What Tokenization Actually Means
27:26 Bring the Assets to the Money
27:57 The State of Tokenization
28:57 What Has Changed in Five Years
30:12 What Banks Want From Tokenization
31:04 What's Next for Tokenization
31:59 Todd's Advice for Builders

Watch below or on X:

[Token Relations @TokenRelations]

We asked @inside_r3 co-founder Todd McDonald (@Mcdtv) why the team chose @solana to build its enterprise-tailored protocol.

"One is the technology. I personally love their approach to a single mainnet and scaling through a single mainnet, one pool of liquidity.

Two is their strategy. The Solana Foundation’s like, internet capital markets, that’s our North Star, we are going to be focused on helping existing capital markets players understand and launch and be successful on Solana.

Three is the culture of the ecosystem - that's both those that are building on it, but also the Solana Foundation. They're viewing this as a long term business they wanna grow."

[Token Relations @TokenRelations]

Check out our full writeup of our conversation with Todd McDonald: https://t.co/1nurnpIG70

[Token Relations @TokenRelations]

https://t.co/Huq4DszNvV

[Token Relations @TokenRelations]

@sunrise @solana @Backpack 🏎️