This week’s flow was concentrated around tokenized assets and real-world financial infrastructure. From Treasury settlement on XRPL to Western Union stablecoins on Solana, multiple institutional products moved into production simultaneously, alongside some of the larger capital raises of this cycle.

🔎 Recent Updates & Developments

– Ondo, JPMorgan, Mastercard and Ripple completed first cross-border tokenized Treasury settlement on XRPL in under 5 seconds

– DTCC will launch tokenized securities platform, enabling onchain trading of equities, ETFs and Treasuries with full legal ownership

– Andreessen Horowitz raised $2.2B crypto fund, doubling down on stablecoins and blockchain financial infrastructure

– Western Union launched USDPT stablecoin on Solana, enabling global settlement across 200+ countries beyond banking hours

– Solana Foundation and Google Cloud launched Pay sh, enabling AI agents to pay for APIs using stablecoins onchain

– Coinbase partnered with Centrifuge to scale tokenization on Base, targeting ETFs, credit funds and structured products

– Securitize launched regulated tokenized equities on Solana, enabling onchain issuance and trading with institutional liquidity

– Kalshi finalized $1B raise at $22B valuation, highlighting rapid growth of prediction markets despite regulatory pressure