#RWA #DeFi #Ondo #Canton #Institutional 💵
🏦 Tokenized assets get to work: margin without stablecoins and $365M for the infrastructure layer
1️⃣ Ondo Finance: tokenized equities as live margin
Ondo opened SPYon and QQQon - tokenized ETFs tracking the S&P 500 and Nasdaq-100 - as direct margin on OndoPerps. No stablecoin conversion. The equity position stays intact.
🟢 Platform volume: $3.8B
🟢 Leverage up to 20x, 24/7
🟢 Panama jurisdiction - US persons blocked
First real use case for tokenized equities: the asset doesn't just sit in a wallet - it works as capital.
2️⃣ Digital Asset: $365M and Asian banks in the room
Shinhan Financial Group (South Korea's largest bank) and SC Ventures (Standard Chartered) put $10M into Digital Asset, developer of Canton Network.
The round stands at $365M at a $2B valuation, led by a16z crypto. Shinhan stated the goal directly: build trusted onchain infrastructure in South Korea and the region.
✨ Ondo builds the application layer for tokenized assets. Digital Asset builds the infrastructure those assets run on. Asian banks moving into the infrastructure layer is the signal - they already see demand one floor up.
Tokenization is leaving pilot mode 😏
➡️Crouton.digital | About us⬅️
🏦 Tokenized assets get to work: margin without stablecoins and $365M for the infrastructure layer
Two moves in one week - both pointing at the same thing: tokenization is crossing from bank pilot to working capital tool
1️⃣ Ondo Finance: tokenized equities as live margin
Ondo opened SPYon and QQQon - tokenized ETFs tracking the S&P 500 and Nasdaq-100 - as direct margin on OndoPerps. No stablecoin conversion. The equity position stays intact.
🟢 Platform volume: $3.8B
🟢 Leverage up to 20x, 24/7
🟢 Panama jurisdiction - US persons blocked
First real use case for tokenized equities: the asset doesn't just sit in a wallet - it works as capital.
2️⃣ Digital Asset: $365M and Asian banks in the room
Shinhan Financial Group (South Korea's largest bank) and SC Ventures (Standard Chartered) put $10M into Digital Asset, developer of Canton Network.
The round stands at $365M at a $2B valuation, led by a16z crypto. Shinhan stated the goal directly: build trusted onchain infrastructure in South Korea and the region.
✨ Ondo builds the application layer for tokenized assets. Digital Asset builds the infrastructure those assets run on. Asian banks moving into the infrastructure layer is the signal - they already see demand one floor up.
Tokenization is leaving pilot mode 😏
➡️Crouton.digital | About us⬅️