On-chain Assets Weekly: 03/21/25
This Week's Highlights:
Securitize & Ethena launch Converge; BUIDL leads $1B RWA allocation race; Tokenize.NYC unites industry leaders; tokenized yield funds + stablecoins prove a powerful duo; SEC drops Ripple appeal; and GENIUS Act advances stablecoin rules.
Securitize and Ethena Unveil Institutional DeFi Blockchain | CoinDesk
Converge, a new blockchain by Securitize and Ethena, combines institutional-grade tokenization and DeFi, unlocking new financial opportunities.
Spark $1B Tokenization Grand Prix Winners: BUIDL Wins the Race | Spark
BlackRock USD Institutional Digital Liquidity Fund (BUIDL), tokenized by Securitize, is selected to receive a major allocation to drive stablecoin liquidity for DeFi.
Tokenize.nyc by Wormhole and Securitize Unites Industry Leaders | Cointelegraph
An exclusive gathering of industry leaders, Tokenize.NYC brought together top executives, regulators, and crypto innovators to shape the future of tokenized assets.
Tokenized Yield Funds, Stablecoins a ‘Powerful’ Combo | Blockworks
Combining tokenized money market funds with stablecoins is proving transformative—offering yield, liquidity, and efficiency in global finance.
SEC Will Drop its Appeal Against Ripple | Cointelegraph
Ripple CEO Brad Garlinghouse calls it a ‘historic chapter closed’ as the SEC ends its legal battle.
GENIUS Act Clears Senate Banking Committee: What It Means for Stablecoins | Forbes
The bipartisan GENIUS Act clears the Senate Banking Committee, pushing for clearer U.S. stablecoin rules.