Global Capital Radar

RedotPay weighs confidential US IPO filing by year-end: Bloomberg

Our summary: Stablecoin payments company RedotPay is considering submitting a confidential US IPO filing by year-end, according to Bloomberg.

JPYC stablecoin falls short of targets in first year, CEO says

Our summary: JPYC's CEO says the stablecoin missed its growth targets during its first year.

Ripple and BNY explore tokenized trade finance on XRP Ledger

Our summary: Ripple and BNY are exploring tokenised trade finance using the XRP Ledger.

BNY

Japan's top yen stablecoin falls short of its target in a disappointing first year

Our summary: Japan’s leading yen stablecoin missed its first-year target as corporate adoption lagged.

Over one-third of OKXICE’s tokenized share targets opt out

Our summary: More than a third of the companies targeted by OKXICE for tokenized shares have opted out, highlighting resistance to the initiative.

US regulator flags tokenization risk as Asia pushes digital money

Our summary: The SEC has identified tokenization as a high-risk area for 2027.

Aviva Investors Expands Tokenised Offering

Our summary: Aviva Investors has launched a tokenised share class for its Sterling Liquidity Fund.

Ripple and BNY expand partnership to custody XRP and RLUSD

Our summary: Ripple and BNY are expanding their partnership to provide custody for XRP and the RLUSD stablecoin.

BNY

First European Supranational Issues DLT Bond on Pontes

Our summary: A European supranational has issued a DLT-based bond on Pontes, described as the first such issuance by a European supranational on the platform.

Bullish Adds Qube, Vertalo and zerohash to Tokenized Securities Coalition - www.tokenpost.com

Our summary: Bullish has added Qube, Vertalo and zerohash to the Tokenized Securities Coalition.

Bullish, Vertalo

S.Korea crypto tax falters as yen stablecoin, China s e-CNY advance

Our summary: Japan is exploring cross-border stablecoin applications while China expands its e-CNY digital currency.

Who Gains From Ripple’s New Bank Charter? XRP Holders May Be Last in Line

Our summary: Ripple received final OCC approval to establish a national trust bank covering reserves for its $2.5 billion RLUSD stablecoin.

Janus Henderson launches first tokenized fund licensed to track the Nasdaq-100

Our summary: Janus Henderson has launched JQQQ, described as the first tokenised fund licensed to track the Nasdaq-100.

Janus Henderson, Nasdaq

Bitso Brings Morpho Lending to Its App With Bóvedas

Our summary: Bitso's Bóvedas product brings Morpho lending into its app, moving USDC and peso-pegged MXNB into noncustodial lending vaults.

Morpho

Ripple connects XRP Ledger to a £22 billion investment giant while chasing the next wave of corporate money

Our summary: Aviva added a tokenised share class of its Sterling Liquidity Fund to the XRP Ledger and invested £50 million ($66 million) in it.

Canada opens consultation on stablecoins, citing US GENIUS Act

Our summary: Canada has opened a public consultation on a proposed stablecoin framework covering tokens issued by non-financial institutions.

Canada opens stablecoin consultation

Our summary: Canada’s government has opened a 60-day public consultation on proposed stablecoin rules.

ESM settles DLT-based bond issuance on Eurosystem’s Pontes platform

Our summary: The European Stability Mechanism has settled a DLT-based bond issuance through the Eurosystem’s Pontes platform, with participation from Deutsche Bundesbank and Clearstream.