Tokenized capital markets moved from pilot to infra this week, with major banks planning shared deposit networks, significant raises flowing into AI, onchain lending and DeFi, signaling public market moves.

🔎 Recent Updates & Developments

– JPMorgan, Citi, BofA and Wells Fargo are planning a tokenized deposit network via The Clearing House, targeting H1 2027.

– Digital Asset raised $355M led by a16z Crypto at a $2B valuation, backed by Apollo, HSBC, CME Ventures and Citadel.

– Tether led NEURA Robotics’ $1.4B Series C, one of the largest private funding rounds in humanoid robotics to date.

– Figure acquired real-estate lender Kiavi for $717M, adding $7B in annual first-lien volume to its onchain credit platform.

– Morpho raised $175M at a $2B valuation led by a16z, Paradigm and Ribbit, with Apollo and Circle Ventures participating.

– OpenAI confidentially filed a draft S-1 with the SEC, keeping its IPO option open without committing to any timeline.