More than 4 million addresses now hold stocks onchain, which puts them at an average of just under $800 each. The holder base is wide and the tickets are small, the opposite of tokenized treasuries, where $1M+ wallets hold ~93% of the capital.

Credora Insight: JPMorgan is about as safe a credit as you’ll find. Its tokenized deposit, JPMD, still scores almost 4x worse. Credora rated JPMD this week. It’s the first tokenized deposit it scored. Indicative A+, 0.088% PD. If you rate JPMorgan as a bank by itself, you get 0.023%. So roughly three quarters of the risk has nothing to do with JPMorgan. It comes from the token layer: a contract that’s days old with no published audit, key custody nobody has disclosed, and no public reconciliation showing that tokens match deposits. The fix is simple. Publish the audits. Say who holds the keys. Show tokens matching deposits. Each of those lowers the PD on its own. With all three, JPMD drops to 0.035%, below every tokenized dollar and Treasury fund we rate. From 7th of nine to 1st, without changing anything about the bank. One more point people mix up. A tokenized deposit is not a stablecoin with a bank logo on it. A stablecoin holder relies on a reserve pool. A JPMD holder has a claim on JPMorgan’s entire balance sheet. Those are different credit questions, and they need different math. TradFi is coming onchain fast. The bank side is predominantly solid. The token side is where the risk sits, and that's exactly what Credora showcases.

TokenizeThis Lisbon will be the main institutional side event around Stellar Meridian. There are no coincidences.

The scale and engagement of participants hit differently at XRP Seoul. Korea is a strategic region for RedStone's expansion. And it will keep growing that way.

Interesting Oracle manipulation strategy on Papertrade during weekends.

Looks like someone has read tokenization report by RedStone 👀

The most used onchain sanctions oracle was last updated on March 18. OFAC has pushed 60+ list updates since then. In May, OFAC sanctioned 6 Ethereum wallets tied to people linked to the Sinaloa Cartel. We checked in September. The Chainalysis oracle flagged none of them. If you're a regulated protocol relying on that, you're screening against a list that's half a year old. So we built what the market needs. The RedStone Sanctions Oracle is live on Ethereum. Your contract asks whether a wallet is sanctioned and gets a yes or no inside the transaction. If it's a yes, the transaction reverts. The data comes from OpenSanctions: 463 sources including OFAC, the EU, the UN and the UK. It's updated onchain every week, and every update is timestamped so you can set your own staleness rules. Updates are signed from cold storage through a 4-of-6 multisig. It uses the same interface as Chainalysis, so switching means changing one address. Institutions won't come onchain without compliance that actually works. Prices were the first thing oracles delivered, and compliance data is next. All six of those cartel wallets are flagged in ours.

9:15 am panel on the second day of Token2049 hits the problems blocking RWAs to reach $1T Brilliant one with @vinhonchain @annabelleacta and Kristen at FTSE

One of the quickest 15 min one, but with a solid dose of RWA alpha. @jon_casterline @stablecoin_p Halfway there with panels this week!