BTC $84,079 -0.4%ETH $2,693 +0.1%Fear & Greed 71 Greed

Today at a glance

Security incidents and regulatory clarifications converge as stolen-fund recovery and token classification dominate the day.

3 signals
  • Theft revisedBitget raised its Sept. 24 breach estimate to $387.5 million from $351.6 million, with CEO Gracy Chen attributing it to North Korean hackers; withdrawals remain suspended.#01
  • Staff guidanceSEC staff FAQs said qualifying liquid staking receipt tokens fall outside federal securities laws and reaffirmed guidance on protocol-funded token buybacks.#02
  • ETF flowsSoSoValue data showed about $3.04 billion of net inflows across five asset classes Monday through Thursday, with nearly $793 million outside Bitcoin.#11

Stories are ranked by impact; the first three are the edition highlights. This edition displays 14 of 259 candidates.

#01
CryptoEdition highlightEvent record
9.0

North Korean Hackers Linked to $388M Bitget Crypto Exchange Theft: CEO

Bitget said on Sept. 25 that it raised its estimate of assets taken in its Sept. 24 breach to $387.5 million from $351.6 million, after further on-chain tracing identified Zcash and TRON assets excluded from its initial accounting. CEO Gracy Chen attributed the theft to North Korean hackers in the same update.

Withdrawals remained suspended more than a day after the breach, and other exchanges including Binance and Bybit are publicly supporting efforts to freeze and trace the stolen funds. Bitget said the increased figure reflected transfers made during the original incident and that no additional unauthorized transactions had occurred.

Bitget detected unauthorized transfers from some hot wallets at 18:31 UTC on Sept. 24, suspended withdrawals while keeping deposits and trading operational, and said its security team has identified and patched the underlying vulnerability. Its investigation with blockchain security firms Mandiant and SlowMist remains underway, with further forensic findings expected.

rss · Bitcoin Magazine · · 22 sources

Background, discussion, and references

Market impact

The incident spotlights exchange hot-wallet custody risk and the freeze channel: centralized exchanges and stablecoin issuers can block stolen assets, while native coins moved to self-custodied addresses are harder to stop, a distinction relevant to the Zcash and TRON assets added to Bitget's loss accounting. Withdrawals at Bitget remain suspended, which is the direct channel through which the event touches user liquidity on that venue.

Background

Bitget is a centralized cryptocurrency exchange founded in 2018. North Korea's Lazarus Group has previously been linked to major crypto thefts, including the $1.5 billion Bybit breach in 2025 — the same event Bitget cites in describing the support it is now receiving, with Bybit updating its LazarusBounty platform to track Bitget's stolen funds. TRM Labs reported that North Korea stole $577 million across two attacks in 2026, accounting for 76% of all hack losses through April of that year.

References

Tags

#Bitget#North Korea#exchange-hack#security#Lazarus Group#TRON

#02
PolicyEdition highlightEvent record
8.0

SEC Staff Clarifies Token Buybacks and Liquid Staking in New FAQs

SEC staff in the Division of Corporation Finance published new FAQs clarifying that qualifying liquid staking receipt tokens fall outside federal securities laws, and reaffirmed earlier guidance on token buybacks tied to maintenance and development funding. The staff guidance states that buybacks on functional protocols generally do not involve "essential managerial efforts" and that qualifying liquid staking tokens can be treated as digital commodities or digital tools rather than securities.

The FAQs address two structures that market participants have treated as securities-law risk — liquid staking receipt tokens and protocol-funded token buybacks — giving staking service providers and token issuers additional criteria for assessing classification.

The guidance is staff-level FAQ rather than a formal rule. It builds on the SEC's earlier crypto asset FAQs and its March interpretive release, and follows a parallel CFTC update addressing tokenized investments and onchain records.

rss · The Defiant · · Single source

Background, discussion, and references

Market impact

The clarification feeds directly into liquid staking service providers, their receipt tokens and protocol-level buyback programs, since a non-security classification affects how such tokens can be listed, custodied and accessed on U.S. venues and how issuers fund network operations. Because it is staff FAQ rather than a rule, its practical effect depends on how the agency applies it in practice.

Background

The SEC's Division of Corporation Finance first released FAQs on crypto asset activities in December 2025, outlining how existing securities regulations apply to digital assets and distributed ledger technology. In March, the agency issued an interpretive release on how securities laws apply to crypto assets, including functional networks, staking receipt tokens, and representations that could create an investment contract. The new FAQs expand on those documents.

References

Tags

#SEC#liquid staking#token buybacks#crypto regulation#securities law#SEC Division of Corporation Finance

#03
AI & TechEdition highlightEvent record
8.0

Claude computes a nine-loop amplitude in N=4 super-Yang-Mills - Anthropic

Anthropic published a guest post on its research site reporting that its physicists Liam Fitzpatrick and Siddharth Mishra-Sharma used the Claude model to compute the six-particle scattering amplitude in planar N=4 super Yang-Mills theory at nine loops. The report says the result answers a public challenge issued to AI companies on August 7, 2026.

The report frames the calculation as a response to a public challenge posed to AI companies, positioning frontier theoretical-physics computation as a test of AI reasoning capability.

The result concerns the six-particle scattering amplitude in planar N=4 super Yang-Mills at nine loops. The guest post's author notes that in 2023 he and Andy Liu used a form factor and a symmetry they call antipodal duality to obtain the amplitude at eight loops, and that getting to nine loops had been a goal since then.

rss · Anthropic News · · Single source

Background, discussion, and references

Background

N=4 super Yang-Mills is a maximally supersymmetric gauge theory widely used as a testing ground for scattering-amplitude calculations in theoretical physics. Claude is a series of large language models developed by Anthropic and released as an AI chatbot in March 2023.

References

Tags

#Claude#Anthropic#N=4 super-Yang-Mills#scattering amplitude#AI for science

#04
8.0

CFTC Charges Cash FX Group S.A., and CEO; Three Others With $950 Million Fraud Scheme

The U.S. Commodity Futures Trading Commission has charged Cash FX Group S.A., its CEO and three other individuals over an alleged $950 million fraudulent investment scheme that solicited funds for purported forex and crypto trading.

The CFTC is the U.S. regulator of derivatives markets and brings civil fraud actions under the Commodity Exchange Act against fraudulent conduct in futures, swaps and other derivatives. Cash FX Group has previously been described as presenting itself as a Panama-based forex trading and education platform.

rss · CFTC Enforcement · · Single source

Background, discussion, and references

Market impact

The case concerns an off-exchange retail operation rather than a listed venue, custodian or protocol, so transmission to crypto markets is indirect, running mainly through enforcement risk and sentiment toward retail forex- and crypto-themed investment schemes.

Background

In January 2021, Saskatchewan's Financial and Consumer Affairs Authority warned about Cash FX Group, stating it was not registered in any capacity with the FCAA; the regulator also noted the group claimed to have expert advisor algorithms, artificial intelligence technology and a professional forex trading team.

References

Tags

#CFTC#enforcement#fraud#Cash FX Group#forex#crypto-regulation

#05
7.5

grayscalezcashetfhits$1bnetassets - Binance

Grayscale's Zcash ETF has surpassed $1 billion in net assets, according to a Binance report. The milestone marks a notable institutional-adoption level for a fund giving regulated exposure to the privacy-focused cryptocurrency Zcash.

The report frames the $1 billion figure as an institutional-adoption milestone for a privacy-focused crypto asset, indicating meaningful demand for Zcash exposure through a regulated fund wrapper.

The fund is the Grayscale Zcash ETF, which trades under the ticker ZCSH and is passively invested solely in ZEC, the native token of the Zcash network; it was created by converting Grayscale's previously existing Zcash trust into an ETF wrapper rather than through a traditional new launch.

google_news · Binance · · Single source

Background, discussion, and references

Market impact

The milestone concerns a single fund wrapper rather than the broader market: the direct transmission path runs through Grayscale's ZCSH vehicle, where inflows expand regulated, custody-backed ZEC exposure and can affect ZEC liquidity and the premium or discount dynamics between the fund and spot ZEC. Privacy-coin exposure also remains sensitive to regulatory scrutiny, which shapes how institutional capital can access the segment.

Background

Zcash is a privacy-focused cryptocurrency that pioneered zero-knowledge encryption, using zk-SNARKs for private peer-to-peer payments. Grayscale converted its existing Zcash trust into an ETF wrapper, giving investors access to ZEC through standard brokerage accounts. Privacy-focused assets have drawn growing institutional and regulatory attention as a segment of the crypto market.

References

Tags

#zcash#grayscale#etf#zec#institutional-adoption#privacy-coins

#06
7.5

Magic Eden Warns Old Ethereum NFT Listings Are Exposed to Payment Processor Exploit

Magic Eden warned Friday that NFTs listed on its now-closed EVM marketplace between roughly February and October 2024 could be exposed to an exploit in Limit Break's Payment Processor V2. Yuga Labs Vice President of Blockchain 0xQuit said a whitehat operation rescued 23,155 NFTs worth more than $5.7 million, while 660 WETH could not be recovered.

Magic Eden urged anyone who listed or traded on its EVM marketplace to revoke the V2 contract's "approved for all" permissions on Ethereum, Polygon and Base via Revoke.cash, adding that no live Magic Eden listings were impacted. It noted that revoking will not return tokens that have already moved.

According to 0xQuit, the attacker used the bug to take 10 Meebits, 50 Otherdeeds, 10 World of Women NFTs and 235 Desperate ApeWives. Limit Break paused Payment Processor V3, which carried the same flaw, but V2 could not be paused, which forced the whitehat rescue; owners can reclaim rescued NFTs after revoking approvals.

rss · Decrypt · · 3 sources

Background, discussion, and references

Market impact

The exposure runs through lingering on-chain approvals: wallets that granted setApprovalForAll to Payment Processor V2 on Ethereum, Polygon or Base still carry custody risk until those permissions are revoked, and the 660 WETH that could not be recovered represents a realized loss. The incident also adds to near-term security sentiment pressure following the Bitget hack.

Background

Magic Eden adopted Payment Processor V2, an NFT trading protocol built and maintained by Limit Break, to settle trades on EVM in 2024, stopped using it that October and shut its EVM marketplace entirely in early 2026. The company dropped Ethereum and Bitcoin support in February to focus on Solana and its crypto casino Dicey, and later wound down its multichain wallet. The disclosure lands one day after unknown hackers took more than $380 million in Ethereum and other crypto assets from the Bitget exchange.

References

Tags

#NFT#security-exploit#Magic Eden#Limit Break#Ethereum

#07
7.5

Aave Adds Coinbase Stock Tokens as Collateral on Base

Aave has enabled seven Coinbase-issued tokenized stock tokens — including Apple, Nvidia and Tesla — as collateral for USDC loans in a dedicated V4 market on Base. The market carries a 21 million USDC borrowing cap and access is restricted to eligible non-US investors.

The move brings tokenized equities into on-chain credit at one of the largest and most established DeFi lending platforms, letting eligible non-US users borrow USDC against tokenized stock exposure. The 21 million USDC cap and non-US eligibility requirement keep the market's initial scale limited.

The seven tokens are Coinbase-issued and are accepted only in a dedicated Aave V4 market on Base, where they back USDC loans rather than general-purpose borrowing. Access is limited to eligible non-US investors, and borrowing against the collateral is capped at 21 million USDC.

rss · The Defiant · · 2 sources

Background, discussion, and references

Market impact

The change creates a direct channel between Coinbase's tokenized-equity product and DeFi credit on Base: tokenized stock collateral can support new USDC borrowing demand and shift utilization in Aave V4's Base market, while also tying that market's risk profile to equity price moves. Because borrowing is capped at 21 million USDC and limited to non-US investors, the immediate footprint on DeFi liquidity is bounded.

Background

Aave is one of the largest DeFi lending protocols, and its V4 deployment has drawn deposits quickly since launch: deposits sat below $340 million at the start of August and climbed to roughly $577 million by early September before surpassing $1 billion. Base is a Coinbase-built Ethereum layer-2 that uses the OP Stack and settles on Ethereum. Tokenized stocks are blockchain-based digital assets designed to represent economic exposure to traditional shares.

References

Tags

#aave#tokenized-stocks#rwa#base#defi-lending

#08
7.5

MultiversX restarts after exploit halt, but Kraken still bars new EGLD trades - CryptoRank

MultiversX said its mainnet resumed block production on Thursday, Sept. 24, about five days after an exploit-related halt, with its technical account @CodeMultiversX reporting a recovery upgrade had been deployed. As of the same Sept. 24 check, Kraken's incident page still listed EGLD as cancel-only trading with deposits and withdrawals paused, and showed no reopening time.

The chain's restart did not by itself restore the ability to trade EGLD or move it through Kraken: @CodeMultiversX warned that trading, deposits and withdrawals might remain paused at some exchanges for several more days while those platforms complete their own reopening processes, and directed users to check exchange updates.

Kraken's incident timeline predates the network halt — it first reported possible EGLD funding-gateway delays on Sept. 16 and moved EGLD pairs to cancel-only trading on Sept. 19, so the dates alone do not establish a cause for the exchange's original issue or its escalation. Cancel-only allows customers to cancel existing orders but bars new orders and trade execution, and MultiversX's statements do not fix the exact stop and restart times.

google_news · CryptoRank · · 2 sources

Background, discussion, and references

Market impact

EGLD's exchange-level liquidity is currently segmented: with Kraken restricting new orders and pausing EGLD deposits and withdrawals, trading and funding flows are confined to other venues and to on-chain activity, which MultiversX says has resumed. The unresolved variable is when Kraken restores trading and funding, since its notice governs whether EGLD can move in and out of that venue.

Background

MultiversX said on Sept. 19 that an attempted exploit of a virtual-machine atomicity issue had caused invalid state changes and prompted a pause in network progression; the Sept. 24 technical update said engineering had completed recovery checks. MultiversX launched its mainnet in 2020 and its native cryptocurrency, EGLD ("eGold"), formerly ERD, is used for staking, rewarding validators, and storing and transferring value on the network.

References

Tags

#multiversx#egld#exploit#chain-halt#kraken

#09
AI & TechEvent record
7.5

Google Built an AI That Hunts Its Own Security Bugs

Google's Product Security team disclosed PageBreak, an internal AI agent built on Google's Gemini models that autonomously hunts exploitable vulnerabilities in Google's own first-party web applications. The agent has surfaced more than 500 confirmed cross-site scripting (XSS) flaws, each validated by a working exploit run against a live copy of the application, after starting as a pilot in November 2025 and becoming a full project in January 2026.

Google says the exploit-validation step gives PageBreak a near-zero false-positive rate, addressing the flood of plausible but bogus AI-generated bug reports — what Google calls "AI slop" — that security teams must now sift through. Run against applications built on Google's newer "high-assurance" web frameworks, PageBreak found only two bugs, which Google cites as evidence that building safer software upfront works better than patching holes afterward.

PageBreak was described in a blog post by information security engineer Michał Bentkowski, and its architecture pairs a hypothesis-generating agent with a suite of specialized, non-AI-written validators that attempt an actual exploit. Google says the approach leans on assets most organizations lack, including a single unified code repository spanning billions of lines and years of internal scanning infrastructure, so a small startup cannot simply copy it.

rss · Decrypt · · Single source

Background, discussion, and references

Background

Google says it plans to pair PageBreak with CodeMender, its automated patch-writing agent from Google DeepMind, so that a confirmed vulnerability can arrive with a proposed fix already attached; CodeMender has already contributed verified fixes to open-source projects, including large codebases. The disclosure comes amid rising concern about AI-enabled cyberattacks: in August, more than 100 organizations including Google, Microsoft and Anthropic signed an open letter warning about the trend, after AI agents from OpenAI and Anthropic were found to have breached real companies during testing. Google has also previously patched one of its own AI coding tools after a flaw let attackers execute malicious code through it.

References

Tags

#ai-security#google#vulnerability-research#autonomous-agents#appsec

#10
AI & TechEvent record
7.5

Opus 5.5 for Work - Anthropic

Anthropic announced Opus 5.5 for Work, a release of its Claude Opus model line aimed at workplace and enterprise use cases. The model is listed by OpenRouter as Claude Opus 5.5, succeeding Claude Opus 5.

The release pushes Anthropic's flagship Opus tier further into workplace and enterprise deployment, the segment where the company already sells Team and Enterprise plans.

OpenRouter describes Claude Opus 5.5 as Anthropic's flagship model for demanding reasoning, coding and long-horizon agentic work, with particular strength in multi-step changes across large codebases, code review and bug finding, and financial and scientific analysis.

rss · Anthropic News · · Single source

Background, discussion, and references

Market impact

There is no direct crypto-asset exposure to an Anthropic model release, so any transmission runs through sentiment rather than fundamentals: news of a stronger frontier enterprise model feeds the AI-narrative trade in AI-agent and decentralized-compute tokens, which are priced partly on expectations about enterprise AI adoption. Crypto markets have no custody, supply or protocol link to Claude itself.

Background

Anthropic introduced the Opus and Sonnet tiers with its Claude 3 model family. Claude models are distributed through claude.ai, the Claude API, Amazon Bedrock and Google Cloud's Model Garden, and have a default 200,000-token context window. Anthropic sells Claude across Free, Pro, Max, Team and Enterprise plans.

References

Tags

#anthropic#claude-opus#model-release#enterprise-ai

#11
7.0

US crypto ETFs draw over $3 billion this week, with nearly $800 million flowing beyond Bitcoin

US spot ETFs tracking Bitcoin, Ethereum, Solana, XRP and Zcash recorded about $3.04 billion in combined net inflows from Monday through Thursday, according to SoSoValue data. Bitcoin took in $2.25 billion and Ethereum $602.94 million, while Solana, XRP and Zcash products accounted for the remaining roughly $190 million, meaning nearly $793 million flowed outside Bitcoin.

The week marked a broadening of ETF demand beyond Bitcoin, with Bitcoin and Ethereum together absorbing about $2.85 billion, or almost 94% of the five assets' combined inflows. Bitfinex said the ETF demand re-emerged alongside corporate treasury buying, creating simultaneous sources of spot demand for the first time this year.

Bitcoin spot ETFs began the week with $999 million of inflows on Monday, the strongest single day of 2026 and the largest since about $1.2 billion on Oct. 6, 2025, representing roughly 11,530 BTC. Thursday added $190.65 million, the fourth straight positive session. SoSoValue's Sept. 24 snapshot showed the 12 US Bitcoin spot ETFs holding $108.92 billion in net assets and $57.43 billion in cumulative net inflows, while the 11 Ethereum ETFs tracked held $17.70 billion in net assets with $13.85 billion in cumulative inflows.

rss · CryptoSlate · · Single source

Background, discussion, and references

Market impact

The flows transmit to crypto markets through the spot-demand and liquidity channel: ETF creations require authorized participants to buy the underlying tokens, so sustained inflows into BTC, ETH, SOL, XRP and ZEC products directly affect order books for those assets. Bitfinex identified a concentration of recent Bitcoin buying between $85,000 and $86,500 and estimated the aggregate ETF investor break-even level near $86,000, a zone close to the center of the current trading range, which makes the persistence of these flows a key variable for spot market structure rather than a directional signal.

Background

US spot crypto ETFs are exchange-traded funds that hold the underlying tokens and track their market prices. Bitcoin's recovery from below $58,000 in early June followed a period when US spot Bitcoin ETFs had accumulated a $5.69 billion year-to-date deficit by July 13, before demand swung back as the cryptocurrency recovered toward the mid-$80,000 range. Ethereum's Monday inflow of $269.98 million was its largest daily total since Oct. 7, 2025, according to Bitfinex. Zcash is a privacy-focused cryptocurrency whose ZEC token is among the assets now covered by US spot ETF products.

References

Tags

#etf#bitcoin#ethereum#solana#xrp#institutional-flows

#12
7.0

Ethena Expands USDe Backing Into Equity Perpetuals - Yahoo Finance

Ethena is adding Binance bStocks and equity perpetuals to the basis trade used for USDe's backing strategy, according to reports from Yahoo Finance and The Block. The move broadens the backing assets for the synthetic dollar beyond crypto basis trades.

The change alters the collateral composition and risk profile of USDe, a synthetic dollar whose backing has so far been tied to crypto basis trades. USDe holders and DeFi protocols that accept it as collateral are directly exposed to that shift.

Binance bStocks are tokenized stocks each backed 1:1 by a US share held at a regulated custodian, tradable 24/7 on Binance's spot market. Equity perpetuals apply crypto perpetual swap mechanics — funding rates and no expiry — to stock exposure.

google_news · Yahoo Finance · · 2 sources

Background, discussion, and references

Market impact

USDe is a systemically used DeFi collateral asset, so routing part of its backing through tokenized equities and equity perpetuals links its funding-rate-driven yield and collateral stability to equity market conditions, affecting venues and protocols that integrate or hold USDe. Binance's bStocks and equity perpetual markets are the immediate venues where that exposure would sit.

Background

Ethena launched USDe in late 2023 as a delta-neutral synthetic dollar that earns yield from perpetual futures funding rates without relying on traditional banking infrastructure. Its backing has been concentrated in crypto basis trades, a structure that has made USDe one of DeFi's most widely used collateral assets.

References

Tags

#Ethena#USDe#Binance#bStocks#equity perpetuals#collateral

#13
7.0

Solana DEX volume spike hides circular trades, and automated bots are blamed

Bitquery's Sept. 24 reconstruction of $201.4 billion in Solana DEX trades recorded between Aug. 24 and Sept. 22 classified 58.4% of that sample, or $117.7 billion, as circular or botlike activity. About $111.6 billion of the flagged amount — roughly 95% — involved buying and selling the same token through the same pool inside a single transaction.

The finding challenges the use of gross DEX volume as a stand-in for demand from independent traders, since a large share of recorded Solana turnover came from repeated round trips rather than distinct users. Bitquery also notes it did not measure executable liquidity, leaving the market depth actually available to outside traders unknown.

Bitquery identified two clusters of 20 and 50 wallets with strikingly similar trading records that together accounted for $26.3 billion of the flagged amount; it grouped wallets by volume and token counts without tracing their funding. The sample covered only trades priced in SOL, USDC or USDT in pools in its index, and Bitquery said fewer of its checks could run on Solana than on other chains it studied, so the figure reflects one window under its own rules rather than a rate for all Solana DEX trading.

rss · CryptoSlate · · Single source

Background, discussion, and references

Market impact

The finding bears on how market participants and data consumers interpret Solana DEX volume as a demand signal, which can affect venues, aggregators and incentive programs that lean on turnover-based metrics; it does not involve token supply, custody or regulatory action. Because the study did not quantify executable depth, it does not by itself establish how much liquidity independent traders can access in the affected pools.

Background

Bitquery is a blockchain data company that publishes on-chain analytics, and DefiLlama is a widely used dashboard that tracks DEX volume across chains. A Sept. 24 snapshot of DefiLlama's Solana DEX dashboard showed $75.9 billion in rolling 30-day volume, while Bitquery made a same-date comparison in which $83.7 billion of its indexed Solana trades fell outside the flagged category versus DefiLlama's $78.8 billion for Aug. 24 through Sept. 22. Bitquery described the close totals as partly coincidental, since DefiLlama includes venues Bitquery misses and excludes pools Bitquery keeps. DefiLlama's published PumpSwap method counts pools with specified quote tokens, at least $5,000 in total value locked and at least 50 unique traders, whereas Bitquery screens transactions and wallet behavior.

References

Tags

#solana#dex#wash-trading#market-structure#on-chain-data#bitquery

#14
7.0

Ondo unlocks BlackRock portfolio strategies, but only non-US traders benefit

Ondo Finance launched three on-chain portfolio tokens on Sept. 24 — Ondo High Income (BLKHIon), Ondo Diversified Growth (BLKDIGon) and Ondo High Growth (BLKGRWon) — built on portfolio strategies BlackRock developed for Ondo. The tokens are securities issued by Ondo Global Markets (BVI) Limited, not interests in BlackRock funds or in the underlying securities.

The products let holders gain economic exposure to diversified, model-driven baskets on-chain, while direct minting and redemption are reserved for eligible non-US investors who complete identity and anti-money-laundering onboarding. BlackRock does not manage the portfolios and owes no advisory or fiduciary duty to token investors.

BlackRock Fund Advisors supplies model allocations but does not make investment decisions for the on-chain portfolios; Ondo implements the models using tokenized assets, rebalances them on a preset schedule, and decides whether to apply any model changes, so a portfolio may differ from its corresponding model. Tokens remain transferable peer-to-peer around the clock, but possession alone does not qualify a holder to redeem with Ondo, and CryptoBriefing reported the ONDO token rose as much as 30% around the launch.

rss · CryptoSlate · · Single source

Background, discussion, and references

Market impact

The direct exposure sits with ONDO and the tokenized RWA segment, where sentiment around institutional-branded model portfolios can influence other tokenization issuers and the venues that list such products. Because redemption is limited to onboarded non-US investors and the tokens are Ondo-issued securities rather than BlackRock fund interests, the transmission channel runs mainly through secondary-market liquidity and offshore eligibility rules rather than through flows into BlackRock funds.

Background

BlackRock has been expanding into tokenization, including launching tokenized money market funds across multiple blockchains. According to CoinLaw, the three model portfolios are the first BlackRock has designed for another firm to tokenize, with Ondo Finance acting as issuer and manager of the on-chain products.

References

Tags

#ondo-finance#tokenization#rwa#blackrock#defi