Major Banks Pilot Tokenized US Treasuries Settlement on XRP Ledger
A live cross-border redemption on a public blockchain ledger, with the dollar still settling on TradFi rails, is the structural test the sector has been waiting for.
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A live cross-border redemption on a public blockchain ledger, with the dollar still settling on TradFi rails, is the structural test the sector has been waiting for.
The platform is consolidating tokenized equities, AI tools, derivatives, and onchain finance under one roof, betting that vertical integration is the next competitive moat for US crypto venues.
BlackRock's BUIDL and peers sit behind a stack most people never see: qualified custodians, transfer agents, whitelisted wallets, and dual-control signing.
The move lets institutions post tokenized U.S. Treasuries as onchain collateral — and signals DeFi lending books are quietly being rebuilt for permissioned, compliance-bound capital.
The first joint settlement across the three rails turns tokenized US Treasuries into working plumbing for institutional payments, not just a balance-sheet experiment.
Coinbase unveiled its latest System Update, mapping out a push to launch tokenized stocks for non-US users next month…