The US Treasury Secretary met the BOJ Governor at the G20 and told him Japan's next move should be a rate hike.
Japan's 10-year hit 3% today, highest since 1996. The yen is near 160.
Central bank independence is a beautiful idea until your currency is the release valve for someone else's bond market.
https://t.co/UBxQd7fa1K
London will tokenize its 100 largest listed companies for investors in 110+ countries.
UK investors aren't among them.
The exchange is exporting access to its own blue chips while the home market waits on regulatory approval. That gap, not the technology, is the real story of where tokenization is going.
The London Stock Exchange will put its 100 biggest stocks onchain, with Kraken's parent company Payward.
In the coming weeks, the FTSE 100 will become xStocks. These are tokens backed 1:1 by real shares, trading 24/7 on exchanges, in self-custody wallets and across onchain apps in 110+ countries.
(Except the UK. Brits can't buy them yet. The FTSE, tokenized for everyone but Britain. That's because xStocks are issued by Backed Assets (JE) Limited, a Jersey company, and offered to Kraken clients via Payward Digital Solutions Ltd, which is licensed in Bermuda. They are not stocks, they're offshore unregulated instruments as far as the FCA is concerned)
xStocks is a product created by the Kraken parent Payward that turns regular stocks into tokens, and lets them trade onchain. xStocks did $40bn of volume in just over a year with nearly $20bn settled onchain to over 200,000+ holders.
The UK could get proper stock tokens soon. The LSE plans to list them on LSE 24, its new 24-hour venue. LSE and Kraken will explore shares issued natively onchain, with the same rights as traditional stock.
Tokenized stocks are coming globally, but there's nuances here.
In December, the SEC cleared DTCC to tokenize assets it already custodies. Approved wallets only. Sanctions screened. DTC keeps the power to mint, burn or forcibly move any token.
But that token stays inside the vault. The LSE version puts the token in your wallet. And native issuance asks whether the chain can be the register itself.
That's a completely different market structure.
London spent a decade losing listings to New York.
Competing on plumbing might be the fight it can actually win?
Yields on Japan’s 10-year government bonds hit 3% after US Treasury secretary Scott Bessent sent his clearest signal yet that Washington wants the Bank of Japan to raise interest rates more aggressively. https://t.co/GNRN6eeBCu
Donald Trump’s family is on the verge of having its very own bank. The president’s relatives and their business associates have won preliminary approval to start one, riding a wave that doesn’t come around often: It’s now easier than at any time in almost 20 years to get a national bank charter, thanks to the Trump administration’s deregulation push.
Read The Big Take: https://t.co/cgvqEUyYZA
📷: Al Drago/The Washington Post/Bloomberg via Getty Images
HINC just went live.
@neubergerberman high-yield portfolio (bonds, CLOs, leveraged loans) is now tokenized across four chains through @Securitize . Same day an ARFC dropped to put it on @aave Horizon as supply-only collateral.
This is the real step for credit capital: keep the yield, borrow against it, stay invested.
But the underwriting test is still sitting there.
What happens to NAV when high-yield spreads widen 400 bp?
How tight are the redemption gates under stress?
Who is the committed liquidator with real stablecoin capacity?
Issuance is easy. Surviving the first real credit cycle is the filter that matters.
Curious how others underwriting this are looking at the risk parameters.
https://t.co/LvqEm8mLXS
طلا و نقره جهانی داره میره بالا فعال بازار سرمایه ایران باید تا ساعت ۱۲ فردا (یعنی ۳ روز) صبر کنه تا بتونه داراییش رو معامله کنه! واقعا خجالت آوره این سطح از خدمات
Exclusive: World Liberty Financial, the Trump family’s flagship crypto venture, says its trust company has received preliminary approval from the Office of the Comptroller of the Currency to become a bank. https://t.co/NV8yJizZuX