Securitize Goes Public via SPAC, Partners with BNY Mellon

Digital asset securities firm Securitize is pursuing a public listing through a Cantor Fitzgerald SPAC while simultaneously announcing a groundbreaking partnership with BNY Mellon. The collaboration will bring collateralized loan obligations onto the blockchain, marking another significant move of traditional finance onto digital infrastructure. This dual announcement signals growing institutional adoption of blockchain technology for traditional financial instruments.

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Major Banks Form Stablecoin Consortium After Trump Endorsement

A powerful consortium of global banking giants including Bank of America, Citi, Deutsche Bank, Goldman Sachs, and UBS is collaborating to develop stablecoins pegged to G7 currencies, marking a significant institutional push into digital assets. This initiative follows former President Donald Trump’s endorsement of the sector and aims to challenge Tether’s overwhelming market dominance, where USDT currently accounts for $179 billion of the total $310 billion stablecoin market. The move represents growing mainstream acceptance of blockchain technology in traditional finance, with multiple banks exploring how digital assets can reduce costs and improve efficiency.

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Bullish Europe First to List SocGen’s USDCV Stablecoin

Bullish Europe has made history by becoming the first exchange to list Société Générale-Forge’s USD CoinVertible (USDCV) stablecoin. This landmark listing operates under the oversight of both BaFin and the EU’s MiCA framework. The move significantly expands access to regulated digital assets for European investors.

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Tokenized Treasuries Hit $7.42B, Eye $10B by Year-End

As of September 2025, tokenized U.S. Treasuries on public blockchains hold $7.42 billion, with significant concentration in Ethereum-based offerings. Fidelity’s recent entry with its OnChain share class adds $203.7 million to this growing sector, joining other major asset managers like BlackRock ($2.20B) and WisdomTree ($832.3M). The market is projected to reach $10 billion by year-end, requiring approximately $700 million in monthly net inflows. This growth is supported by attractive Treasury yields (3.94% for 3-month bills), reduced transaction costs from Ethereum’s Dencun upgrade, and expanding use cases such as collateral for derivatives trading. The infrastructure continues to mature with enhanced custody solutions and integration with stablecoins, reinforcing tokenized treasuries as a viable alternative to traditional money market funds, which hold over $7 trillion in assets.

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Fidelity Launches Ethereum-Based Tokenized Treasury Fund FDIT

Fidelity Digital Investments launched the FDIT token on August 4, 2025, marking the financial giant’s official entry into tokenized real-world assets. The Ethereum-based ERC-20 token represents shares in U.S. Treasury securities and cash equivalents, offering 24/7 transferability with a 0.20% management fee. Despite accumulating over $200 million in assets, only two holders have been identified so far, indicating limited initial adoption. The launch positions Fidelity alongside BlackRock and Franklin Templeton in the rapidly growing tokenized treasury market, which has surpassed $300 billion according to recent data. The article also highlights Best Wallet Token ($BEST) as a potential beneficiary of this institutional blockchain adoption trend, noting its $15.6 million presale success and projected price growth.

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Nasdaq Files for 21Shares DOGE ETF as SEC Delays Bitwise

Nasdaq has submitted a 19b-4 filing with the SEC to list the 21Shares Spot Dogecoin ETF, partnering with the Dogecoin Foundation for institutional backing. The ETF would track Dogecoin’s price via the CF Dogecoin-Dollar Index, with Coinbase Custody as custodian. However, the SEC has postponed Bitwise’s similar DOGE ETF application to June 2025, alongside delays for Ethereum, XRP, and Hedera ETFs. Dogecoin’s price hovers at $0.174 amid declining trading volume, with technical resistance at $0.18 potentially sparking a rally if broken. Analysts suggest regulatory clarity may take until late 2025.

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BlackRock Launches Bitcoin ETP in Europe via Switzerland

BlackRock, the world’s largest asset manager, has introduced its first Bitcoin ETP in Europe, trading under the ticker IB1T on Xetra and Euronext Paris. The product, with an initial TER of 0.15%, leverages Coinbase for custody and BNY Mellon for administration, ensuring institutional-grade security. Switzerland’s crypto-friendly regulations and Europe’s mature ETP market, bolstered by MiCA, make it a strategic launchpad. Bitcoin’s recent volatility—peaking at $109,000 before settling at $86,705—highlights the demand for regulated crypto investment vehicles. Europe leads in crypto banking, with 55 banks offering custody and trading services.

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