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OpenGDP Weekly Digest
The Depository Trust and Clearing Corporation (DTCC) took center stage this week and with quadrillions settled each year the finance world has taken notice. With a packed week previous, and some other notable events dominating headlines *cough cough* we were able to laser focus on the highest impact items in this weeks digest.
Hereโs what moved the global economy closer to programmable GDP this week โคต๏ธ
1.) DTCC publishes "4 Benefits of Tokenization" and "Unlocking Safe Blockchain Adoption" media pieces
If there was a ever a signal that an insitution is getting serious about tokenization, look no further than their public comms. We saw these same signs from asset management behemoth BlackRock throughout the growth of their crypto business. While the former article focuses on the benefits that an infrastructure like OpenGDP offers; 24/7 access, operational optimization, cost savings, and reach - the former piece regarding safety drills down on risk. The OpenGDP Network Stack (ONS) aligns precisely to these proposed standards. Institutional grade security, a structured approach to risk analysis, and public-private collaboration; something we are already engaged in via our nation-state partners.
2.) Nasdaq proposes 23/5 trading hours from 16/5
This move from Nasdaq proves one thing above all else; 24/7 demand. Without the pressure from decentralized exchanges and the always on availability of blockchain solutions Nasdaq could continue their shared monopoly on tight trading hours. Retail-centric platforms like Robinhood have already moved closer to 24 hour trading, but institutional players are worried that listed companies may not enjoy the movement markets all the time, no breaks. While information digest and reset is the argument, we would expect nothing less from those who have maintained a triangle choke on the financial system for a century. More hours, more analysts on the desk. What if you could have the same market access as these traders, from your phone, anywhere with an internet connection? This is what OpenGDP offers our nation-state partners. Access to banking, markets, and finance at all times is a human right - and the move towards all day, onchain, signals a willingness to consider the common man. Nation-states that adopt these principles early will develop a prospering populace.
3.) Paypal files to become a bank
On Monday fintech giant Paypal announced that they submitted their application to establish an industrial bank, chartered in Utah. Shoutout to the LDS church, who must have some favorable regulation. This change enables Paypal to deepen their loan business, offering business lending solutions with greater efficiency. Interest bearing savings accounts look to be the other initial initiative, a scope which is sure to grow as the bank expands. In regards to crypto, this also reads like a quiet move towards neo-banking, potentially competing with Palmer Luckey's "Erebor Bank" which is also backed by Peter Thiel and Joe Lonsdale of Palantir. Funny timing as Erebor just received FDIC insurance approval only a couple days ago.
Week in week out we are seeing consistent moves towards the digitization and modernization of traditional finance. GDP cannot be made programmable without the infrastructure and global interoperability thereof in place at the highest levels. DTCC, Nasdaq, and Paypal are some of the biggest financial institutions in the world, and they are making it clear. Slowly, and then all at once.
gdp/acc
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OpenGDP Weekly Digest
Tokenization is officially in the mainstream, being utilized as foundation for the formation of programmable economic rails. Compliance, regulators, and market operators are now converging on crypto as infrastructure, not just pure speculation. This is why we built OpenGDP.
Hereโs what moved the global economy closer to programmable GDP this week โคต๏ธ
1.) Treasury Secretary Scott Bessent predicts 3% GDP growth
This forecast comes amidst a tariff filled and tumultuous year, including a contraction of economic activity in Q1 with a rebound in Q2. Capital efficiency, market access, and modern financial rails are increasingly cited as growth drivers by this administration, implying their priority of unlocking GDP through programmable market infrastructure.
2.) SEC Chairman Atkins: "US financial markets poised to move onchain."
In both an interview with Fox Global Markets editor Maria Bartiromo and a thread post to his official X account yesterday Chairman Atkins expressed his desire to embrace new tech, and maintain protections for investors. This is the regulatory posture required for financial services firms to feel comfortable deploying programmable infrastructure stacks; like those provided to our customers at OpenGDP.
3.) SEC approves DTCC tokenization of bonds, stocks, and treasuries
DTC received a "no action" letter from the SEC in regards to tokenizing assets in their custody. For reference, DTCC settles $3.7 Quadrillion annually and now their stated goal is to bridge defi and tradfi. The question becomes "Who captures value selling the rails to coordinate said assets?" At this scale the infrastructure would necessitate institutional grade security, native composability, and embedded compliance found only in a purpose-built OpenGDP base layer.
4.) IBKR begins allowing brokerage accounts to be funded with stablecoins
With over 600 billion in AUM IBKR is one of the largest brokerages globally. In an effort to align with crypto competition and innovation IBKR has made the decision to allow depositors to push stablecoins directly into their account. This is an operational endorsement of programmable GDP put into practice: money that moves like software inside regulated financial systems at internet scale.
5.) CFTC launching tokenized collateral pilot via GENIUS act
With the passing of the GENIUS act the CFTC has revised guidance around the use of tokenized collateral (BTC/ETH/stables) in derivatives trading. The "US Digital Assets Pilot Program" essentially allows the US to maintain pole position in the crypto arms race, reducing risk 24/7 for participants and advancing US dollar leadership with stablecoin development.
Tokenization is here - itโs where compliance, product, and regulation are actively converging across borders and institutions. The rails of global finance are being rewritten in real time, and they point toward a world where GDP itself becomes programmable.
Join us next week.
gdp/acc
1/ Tokenization, per @TheEconomist , could revolutionize finance, echoing @BlackRock's
@OpenGDP vision.
Programmable GDP via tokenized assets promises 24/7 settlement and global access. OpenGDPโs blockchain leads with a full-stack market infra. #Tokenization#Blockchain#Finance
@TheEconomist@BlackRock@OpenGDP 2/ It is the only platform built to power this shift. A fast settlement layer + a native tokenization engine = the first blockchain designed end-to-end for real financial markets. ๐น