1/ The AUM of tokenized government securities has recently surged past US$1B. This growth is largely driven by BUIDL, BlackRock’s Ethereum-based tokenized fund, which raked in over US$270M in deposits in less than ten days, making it the second-largest tokenized government securities product. Notably, Ondo Finance has contributed substantially to BUIDL’s growth by transferring US$95M of assets to enable instant settlements for its own U.S. Treasury-backed token, $OUSG.
2/ HSBC has introduced tokenized gold products for retail clients in Hong Kong. Meanwhile, Ethena Labs announced the launch of its governance token $ENA, with 5% of the token supply to be distributed to users next week.
3/ bitSmiley introduced bitCow, a Bitcoin-native AMM focused on stable swaps and automated concentrated liquidity,. Separately, Fetch.ai, Ocean Protocol, and SingularityNET have announced plans to merge their tokens into a single Artificial Superintelligence coin, $ASI.
@BinanceNews
