Summary
Stablecoins are connecting payments with tokenised investments: Securitize’s launched equity tokens support USDC settlement, while HSBC plans to let customers purchase a tokenised money market fund share class using RedCoin. These represent different stages of deployment—an available settlement feature versus a planned investment subscription channel. Securitize launches 1:1-backed tokenized stocks HSBC Launches RedCoin Stablecoin and Plans to Let Customers Buy Tokenized Funds With It
Key developments
Equity settlement has a concrete implementation. Securitize launched tokenised US equities on Solana, including Apple, Nvidia and Strategy. The tokens are backed one-for-one by underlying shares, support dividends and permit settlement in USDC. Securitize launches 1:1-backed tokenized stocks
HSBC is linking payments with planned fund subscriptions. Following RedCoin’s launch, the bank plans a tokenised money market fund share class later in 2026 that customers can purchase using the stablecoin. Its payments app is also set to offer stablecoin wallets for transfers and merchant payments. HSBC Launches RedCoin Stablecoin and Plans to Let Customers Buy Tokenized Funds With It
Deposit conversion does not preserve all holder benefits. SoFi launched SOFIE, a tokenised deposit exchangeable at parity for SoFiUSD. The stablecoin does not retain the deposit’s interest payments or FDIC insurance coverage—a material distinction between the two instruments. SoFi Launches SOFIE Tokenized Deposit With 4.4% APY
Regional coordination is expanding, but execution remains unconfirmed. Malaysia and Thailand’s central banks joined Singapore’s BLOOM initiative for cross-border settlement using stablecoins and tokenised deposits. Ripple, Visa and Mastercard are involved, although their roles and live settlement activity are not specified. Singapore, Malaysia and Thailand central banks expand cross-border stablecoin initiative
Tokenised funds also address reserve management. JPMorgan brought MONY and JLTXX to Solana through Morgan Money for qualified US investors. The offerings cover a private-placement fund and a registered government fund intended for stablecoin reserves; that reserve purpose is distinct from stablecoin-funded asset purchases. JPMorgan Brings MONY and JLTXX Tokenized Funds to Solana
Custody infrastructure remains partly prospective. Standard Chartered plans Singapore custody for selected cryptoassets, stablecoins and tokenised real-world assets, targeting institutional and accredited investor corporate clients. The proposed service remains subject to applicable regulatory requirements. StanChart to Offer Digital Asset Custody Services in Singapore
Who is moving
Anchorage Digital acquired Routable to expand corporate payments. Integrated stablecoin and tokenised deposit services are planned over coming quarters, separating the completed acquisition from the forthcoming product rollout. Anchorage Digital Buys Routable to Add Corporate Payment Rails
Tether and the National Bank of Kazakhstan agreed to study a local-currency stablecoin and real-world asset tokenisation. The announcement concerns exploration, not a launch or pilot. Tether tapped by Kazakhstan’s central bank to explore stablecoin and tokenization
What to watch
When will HSBC’s planned RedCoin-funded tokenised fund subscriptions become available? HSBC Launches RedCoin Stablecoin
What participant responsibilities and evidence of live settlement will BLOOM disclose? Singapore, Malaysia and Thailand central banks expand cross-border stablecoin initiative
How will Anchorage’s planned services connect corporate payments with stablecoins and tokenised deposits? Anchorage Digital Buys Routable to Add Corporate Payment Rails
Sources
Standard Chartered custody plans
Anchorage–Routable acquisition
Information only — not investment advice. All reports