Key highlights: ONDO surged more than 15% after unveiling the first tokenized stock representations built on DTCC tokenized entitlements The project joins BlackRock, JPMorgan, Goldman Sachs, Nasdaq, and NYSE in the DTCC Industry Working Group Open interest climbed by more than $50 million to $181 million, signaling growing trader conviction behind the rally Ondo Finance […]
Tag: DTCC
For years, decentralized finance (DeFi) has made bold claims to reinvent financial markets, but much of its growth was built on a closed-loop economy. Protocols borrowed against tokens that were collateralized by other crypto assets, and eye-catching yields were sustained through token emissions rather than productive economic activity. It was an experiment that drew in […]
Key highlights: The XLM price reclaimed key moving averages and is testing $0.2050 resistanceDaily and 4-hour charts show improving momentum above the 100-day SMAStellar expands institutional adoption through the DTCC pilot and $3 billion in tokenized real-world assets data presents a more balanced picture than the charts. The market cap of Stellar fell from about […]