@TokenRelations
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The top ecosystem & investor relations platform helping teams better inform stakeholders. Read by millions & 130K+ subscribers. Brought to you by @StrataMedia_
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Joined March 2024
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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
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 retweeted
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
š 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.
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 itās going to take me 20 milliseconds, and then you can calculate based on how long your perceived price alpha exists."
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 thereās a lot of other protocols where fast inclusion is valuable.
For example, what if youāre 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."
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.
If you prefer the audio/visual version, watch the entire podcast episode below:
xitter.cf/_TalkingTokens/status/ā¦
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 tokenizationās 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:
Check out our full writeup of our conversation with Todd McDonald: xitter.cf/TokenRelations/status/ā¦
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 Foundationās like, internet capital markets, thatās 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 retweeted
NEW: @Securitize can now mint and redeem stablecoins directly with @Anchorage Digital Bank, the first federally chartered crypto bank in the US, cutting out intermediaries.
Earlier this month, @sergiofly, Global Head of Stablecoin Solutions at Anchorage, explained on the pod how skipping stablecoins would be "strategic suicide" for a financial institution:
NEW: @Injective signs an MOU with @BDACSKorea to bring KRW1, a Korean won-backed stablecoin, to the network.
This would let Korean investors and institutions access onchain markets in their own currency and settle trades directly in won, rather than having to convert to USD stablecoins.
Eric Chen (@ericinjective), Co-founder and CEO of Injective, recently explained on @_TalkingTokens how being onchain changes access to capital:
"The advantage of being onchain is the efficiency gain and also the ease of access to capital. If you want to invest in something, you have to go through a very, very long process filling out all the forms.
Once youāre [onchain], you have access to a very broad plethora of asset offerings. So itās kind of like a one and done deal.
Itās just about identifying those who are denied or priced out of the traditional infrastructure, [and] bring them onchain."
š RWA holders are up nearly 600% this year to 6.4M.
Most of the growth has come from tokenized stocks, which make up roughly 5.2M of those holders.
Below are the top 12 networks by RWA holders and their YTD growth:
@BNBCHAIN: 2.1M (+2,754%)
@Solana: 1.6M (+837%)
@RobinhoodApp Chain: 1.5M
@base: 364.8K (+51.9%)
@Ethereum: 346.8K (+63.7%)
@Celo: 129.5K (+142%)
@XLayerOfficial: 96.8K
@arbitrum: 42.2K (+19.8%)
@HyperliquidX (HyperEVM): 41.1K (+3.8%)
@SuiNetwork: 21.8K (+8.0%)
@0xPolygon: 21K (+12.9%)
@StellarOrg: 18.8K (+245%)
Token Relations retweeted
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 tokenizationās 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 retweeted
Founder @StrataMedia_ , @jacqmelinek breaks down how Rain is assembling cards, stored value, regulatory infrastructure and wallets into a vertically integrated payments stack on Tokenizedā£
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"ANSA for stored value came in August."ā£
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"The OCC trust charter filing, although it's not approved, but they filed."ā£
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"I kinda see the company moving from just being a card issuer behind someone else's app to really kinda holding the balances."ā£
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"Whoever holds the balance owns the customer."ā£
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"Rain just moved away from just the card side to actually having the full account."ā£
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Four separate filings in under a year point to one card issuer trying to become the account of record.ā£
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š Listen to the latest episode on Tokenizedpod(dot)com