Africa Becomes Ripple’s Next Battleground For RLUSD Stablecoin

Reports have disclosed that Ripple has moved to introduce its US dollar–backed stablecoin, RLUSD, into African markets through deals with established regional fintech firms. Related Reading: American Bitcoin, Backed By Trump, Ends Nasdaq Debut Up 17% The token, which debuted in late 2024, now has a market capitalization of close to $710 million. That figure matters because it signals real capital backing the push, even if the coin still sits well below the largest stablecoins. Fintech Partners Open Doors Ripple’s rollout leans on three major fintech partners: Chipper Cash, VALR, and Yellow Card. These platforms already serve millions of users across the continent. According to company statements, the partnerships give RLUSD instant rails into retail and business flows without Ripple having to build consumer trust from scratch. Ham Serunjogi, CEO of Chipper Cash, said RLUSD is “uniquely positioned to accelerate institutional blockchain adoption across Africa and beyond.” That line frames the push as aimed more at banks and big payments firms than at casual traders. 1/ The next chapter for $RLUSD starts in Africa. → https://t.co/6gRqrdNwSW We’re proud to bring our trusted, USD-backed stablecoin to the continent with new partners @chippercashapp, @VALRdotcom, and @YellowCard_App. 🌍 Together, we’ll unlock new potential for cross-border… — Ripple (@Ripple) September 4, 2025 Humanitarian Pilots Take Center Stage Based on reports, Ripple is also linking RLUSD to humanitarian work in Kenya. Mercy Corps Ventures is running pilot programs that use the stablecoin to power blockchain-based insurance products for drought and rainfall risks. These pilots are small. But they are meant to show how stablecoins can back practical financial services where climate shocks hit farming communities. For many African users, access to reliable, low-cost payment rails matters more than the token’s total market value. Listings And Institutional Aims RLUSD has been listed on a growing set of exchanges, including Gemini, Kraken, Bitso, Bitstamp, Bullish, LMAX, Uphold, Mercado Bitcoin, Independent Reserve, and CoinMENA. That distribution lets institutions tap RLUSD for payments, settlement, and collateral management. Jack McDonald, SVP of Stablecoins at Ripple, said demand is growing across payments, tokenization, and collateral markets. The listings show Ripple wants the coin to be usable on familiar trading and custody platforms, which can shorten the path to institutional adoption. Related Reading: XRP Poised For Amazon-Like Boom? Analyst Predicts $200 Rally On-Chain Activity Shows Momentum, But Gaps Remain Meanwhile, on-chain metrics show rising activity. Artemis data points to monthly transaction volumes climbing from almost $120 million in July to $194 million in August. That jump is healthy for a newcomer. Yet it is still small when compared with established stablecoins that process billions each month on Ethereum and Tron. Based on these numbers, RLUSD is gaining traction but has a long way to go if it hopes to match the liquidity and daily flows of market leaders. Featured image from Getty Images, chart from TradingView

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Cardano ETF Buzz Builds – But Whales Rotate Into Altcoins Promising Bigger Multiples

Speculation is rising around the possibility of a Cardano ETF, with the project’s strong developer activity and community support putting it in the spotlight. While an ADA-based exchange-traded fund could bring new institutional flows into the ecosystem, major investors are not waiting around. Instead, many whales are diversifying into altcoins with far higher upside potential before the next bull market fully ignites. ADA’s Steady Growth, But Slower Returns Cardano remains a cornerstone in the altcoin landscape, with upgrades like Hydra scaling and ongoing network improvements helping to maintain confidence. However, price action has been less exciting compared to other fast-moving tokens. As ETF rumors circulate, traders are questioning whether ADA will outperform or simply lag behind rivals in the coming rally. A New Altcoin Steals the Spotlight Amid this shift, analysts have placed ADA and MAGACOIN FINANCE among the 5 Best Altcoins to Buy before the bull run starts — but MAGACOIN FINANCE is stealing the spotlight. Its presale has already attracted thousands of early investors, making it one of the best crypto opportunities to buy this year. Momentum is building as allocation rounds sell out quickly, and projections suggest returns of up to 22,000% are possible for early movers. Whales Chasing Bigger Multiples The contrast between ADA’s measured growth and the explosive community-driven demand for MAGACOIN FINANCE reflects a broader trend: whales are moving beyond established names to chase tokens with sharper trajectories. This dynamic mirrors past cycles where coins like SHIBA INU and DOGECOIN surged from niche plays into mainstream headlines. Key Takeaways for Investors A Cardano ETF could bring institutional inflows, but approval is still uncertain. ADA continues to grow steadily but lacks the explosive returns some traders want. MAGACOIN FINANCE presale is gaining traction, with thousands already invested. Whales are rotating capital into newer altcoins with higher potential multiples. Analysts predict MAGACOIN FINANCE could deliver 22,000% ROI for early backers. Investors are preparing for a bull market where both ADA and emerging tokens play major roles. What’s Next for ADA and Altcoins If a Cardano ETF gets the green light, ADA could see a surge in institutional buying, potentially lifting its market cap significantly. But until then, investors chasing high multiples are likely to keep rotating into presales and newer altcoins with viral growth potential. Conclusion In summary, ADA remains a strong long-term contender with ETF buzz fueling speculation, but the real frenzy is happening in emerging projects like MAGACOIN FINANCE. With thousands already securing their positions early, it’s becoming the altcoin everyone is watching as the bull run nears. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Access: https://magacoinfinance.com/access Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post Cardano ETF Buzz Builds – But Whales Rotate Into Altcoins Promising Bigger Multiples appeared first on Times Tabloid .

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Bitcoin vs Ethereum – Is the ‘flippening’ on after ETH’s spot volume overtakes BTC’s?

From CEX volumes to ETF flows, ETH is suddenly the MVP of the market.

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Top Altcoins to Watch for 2025 and Beyond – ADA, XRP, ETH and a Hidden Gem

In 2025, there will be many projects for cryptocurrency investors to choose from, but a select few will always stand out. With solid foundations and increasing traction, ADA, XRP, and ETH continue to be three of the most talked-about assets. For traders who are looking ahead, the real question is which undiscovered treasures might overtake them as market leaders in the upcoming cycle. Portfolios that combine well-known brands with early-stage projects have a history of outperforming. Analysts are increasingly pointing to MAGACOIN FINANCE, a culturally driven presale that is emerging as one of the most intriguing newcomers, in addition to the industry mainstays. ADA: governance-driven resilience Cardano’s long development arc is finally converging on one of its boldest goals: full community governance. The Voltaire upgrade will introduce treasury management and on-chain voting, creating a framework where ADA holders directly shape the network’s future. While Cardano has faced criticism for its deliberate pace, this governance model could cement it as the most decentralized Layer 1 in operation. Analysts believe this long-term approach gives ADA resilience against speculative hype cycles, making it a reliable hold beyond 2025. XRP: bridging global finance Ripple’s XRP continues to secure its place in global financial infrastructure. With regulatory clarity in the U.S. finally improving, partnerships with payment providers and banks are scaling. XRP’s role as a bridge asset for cross-border payments remains its defining feature, allowing instant settlement across currencies without the need for pre-funded accounts. Recent whale accumulation and renewed institutional demand highlight the growing belief that XRP could reclaim its past highs. For investors seeking exposure to utility-driven adoption, XRP remains a staple. ETH: the backbone of Web3 Ethereum is the undisputed leader in smart contracts, NFTs, and decentralized finance. The approval of spot ETH ETFs in 2025 brought a flood of institutional money, reinforcing its credibility. At the same time, Layer 2 ecosystems like Arbitrum and Optimism are expanding Ethereum’s reach, ensuring scalability for mainstream adoption. With billions in total value locked and thousands of developers building applications, ETH is more than just an altcoin — it is infrastructure for the digital economy. Analysts argue that Ethereum’s dual role as both an asset and a platform ensures its long-term prominence. MAGACOIN FINANCE: the hidden gem narrative The hidden gem of this cycle, according to many traders, is MAGACOIN FINANCE . While ADA, XRP, and ETH anchor portfolios with proven utility, MAGACOIN FINANCE brings something different: cultural momentum paired with unusual legitimacy. Passed audits from CertiK and HashEx have given it a level of trust absent in most meme-inspired tokens. Investors are particularly drawn to the PATRIOT50X bonus code , which allows early buyers to boost allocations by 50%, fueling rapid presale sellouts. Analysts say forecasts point to 35x potential upside , with some comparisons to SHIB’s early mania phase. What makes MAGACOIN FINANCE stand out is that it isn’t just hype – its structural credibility suggests staying power. For investors searching for the next breakout name beyond ADA, XRP, and ETH, MAGACOIN FINANCE is quickly becoming the hidden gem everyone is talking about. Diversification strategy for 2025 Balancing established players with high-upside newcomers is the essence of crypto investing. ADA offers governance depth, XRP provides enterprise utility, ETH anchors the ecosystem, and MAGACOIN FINANCE brings asymmetric potential. Together, this mix allows investors to weather volatility while still capturing explosive growth if the hidden gem narrative materializes. Analysts suggest that portfolios built on this balance are better positioned to outperform as markets enter the next phase of adoption. Conclusion The altcoins to watch in 2025 extend beyond the majors. ADA, XRP, and ETH remain foundational assets , each with its own strengths, but the addition of MAGACOIN FINANCE highlights the power of uncovering hidden gems before they go mainstream. For investors willing to diversify, the combination of established credibility and emerging cultural momentum could define the winners of the next cycle. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Access: https://magacoinfinance.com/access Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: Top Altcoins to Watch for 2025 and Beyond – ADA, XRP, ETH and a Hidden Gem

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Tether Eyes Gold Mining As New Frontier For Crypto Profit Deployment

Tether, the issuer of the market’s largest stablecoin by trading volume, USDT, is reportedly in discussions to invest in gold mining. The company aims to channel its substantial cryptocurrency profits into the metals market. According to a recent Financial Times report , Tether is exploring opportunities across the entire gold supply chain, including mining, refining, trading, and royalty companies. Gold As Foundational Asset Paolo Ardoino , Tether’s CEO, has expressed a strong affinity for gold, referring to it as “natural Bitcoin.” In a speech earlier this year, he articulated a perspective that contrasts with the common view of Bitcoin as “digital gold,” instead emphasizing that gold represents “a foundational asset.” Per the report, Tether’s interest in gold has surprised many within the traditional mining sector, raising questions about the company’s strategy and its potential for success. One mining executive remarked on Tether’s unconventional approach, suggesting that while the company appreciates gold, it lacks a clear strategy for navigating this established industry. As one of the most profitable entities in the cryptocurrency space, Tether boasts a market capitalization of $168 billion. The company generated $5.7 billion in profits in the first half of this year and is also known as one of the largest holders of US Treasuries, earning interest from these investments to support its stablecoin. Tether has already made significant strides in the gold market, holding $8.7 billion worth of gold bars in a Zurich vault, which serves as collateral for its stablecoin issuance. Blue Gold Joins Tether In Bridging Crypto And Gold Markets Recently, Tether Investments, the arm responsible for managing the company’s profits, acquired a minority stake in the gold royalty company Elemental Altus for $105 million. This investment was complemented by an additional $100 million infusion into Elemental following its merger with rival EMX. Juan Sartori, who leads business initiatives at Tether, told the Financial Times that these investments are part of a broader strategy to enhance the company’s exposure to gold. In addition to its investments in gold royalties, the crypto company has also engaged in discussions with Terranova Resources, a gold mining investment vehicle based in the British Virgin Islands, although no deal has materialized. The stablecoin issuer’s foray into gold also includes the XAUt token , a cryptocurrency backed by physical gold, though its market presence is relatively modest compared to USDT. The report highlights that other firms, such as Blue Gold, are also exploring the intersection of cryptocurrency and gold. The gold mining company plans to introduce digital tokens linked to its future gold output, reflecting a belief that gold-backed tokens could gain global traction. Featured image from DALL-E, chart from TradingView.com

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Google offsets Nvidia drop as megacaps add $420 billion to market value in 3 days

Eight of the most valuable tech firms in the US just pulled off a $420 billion rally in only three trading days. The total value of these trillion-dollar companies now stands at $21 trillion, with Google at the center of the momentum. The biggest surge came after US District Judge Amit Mehta handed down a ruling in Google’s antitrust case. Instead of breaking up the company or forcing it to offload its Chrome browser, Mehta ordered a narrower remedy; Google has to share its search data with rivals. That news sent Alphabet shares up 9% on Wednesday alone. Apple surged too, because the ruling lets them keep their deal with Google, where Alphabet pays billions to remain the default search engine on iPhones. Broadcom lands OpenAI deal while Alphabet shrugs off EU fine Alphabet ended the week up more than 10%. Apple added 3.2%. Nasdaq climbed 1.1%. Analysts from Wedbush Securities said the ruling “removed a huge overhang” from Google’s stock and cleared a “black cloud worry” over Apple. They said it also opens the door for a larger AI deal between Apple and Google, involving the Gemini model. The Department of Justice had been going after Big Tech since 2020. Google, Apple, Amazon, and Meta all faced lawsuits over market power. A year ago, Google lost the DOJ trial, a case many saw as the biggest since Microsoft’s in the 1990s. But Mehta’s ruling this week wasn’t as severe as expected. He said the rise of generative AI had reshaped the market, with new players like OpenAI, Anthropic, and Perplexity competing with Google in ways traditional search didn’t allow. Mehta said these AI technologies “may yet prove to be game changers.” On Friday, Alphabet faced another legal hit, this time from Europe. The company was fined €2.95 billion ($3.45 billion) by the European Union for anti-competitive behavior in the ad tech market. But investors didn’t care. Shares held up. While OpenAI influenced Google and Apple indirectly, it drove a direct move in Broadcom’s stock. After the company reported stronger-than-expected earnings on Thursday, CEO Hock Tan told analysts that Broadcom had signed a $10 billion deal with a new customer. Several analysts identified the customer as OpenAI, as Cryptopolitan reported . The Financial Times also reported a deal between the two. Broadcom, which already supplies custom AI chips to Google, Meta, and ByteDance (TikTok’s parent), gained 13% this week. Its stock is now up 120% over the last year, bringing the company’s market value to about $1.6 trillion. Barclays analysts wrote that the company “is firing on all cylinders” and kept their buy rating while raising their price target. Nvidia and Microsoft slide, Tesla gains after Musk bonus proposal While others gained, Nvidia fell 4%, its fourth straight weekly drop. There was no clear reason behind the decline, but that didn’t stop the slip. Still, Nvidia remains the world’s most valuable company at over $4 trillion. The stock is up 56% in the past year. Microsoft also dipped this week, continuing a five-week losing streak. The company’s shares are still up 21% over the last 12 months, but the recent stretch has been red. Tesla has had a rough year, with shares down 13% in 2025. Sales have slipped for multiple quarters, and cheaper electric cars from China have added more pressure. The company’s aging EV lineup hasn’t helped either. But this week, Tesla reversed the trend. Shares rose 5%, mostly due to Friday’s news that the company wants to bring back a massive pay plan for CEO Elon Musk. The plan, potentially worth up to $1 trillion, includes 12 payout stages. The first one doesn’t activate unless Tesla nearly doubles in value to hit a $2 trillion market cap. Chairwoman Robyn Denholm spoke with CNBC’s Andrew Ross Sorkin and said the plan is meant to keep Musk, who is still the world’s richest person, “motivated and focused on delivering for the company.” As all this unfolded, the eight trillion-dollar tech companies swelled to make up 36% of the S&P 500. Like Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, said: “There are no comparisons.” KEY Difference Wire helps crypto brands break through and dominate headlines fast

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Whale Shorts 1,107 BTC ($122M) After $35.84M ETH Losses — $830K Unrealized Profit

COINOTAG News (September 6) reports that on-chain analyst Yu Jin tracked a large whale address which, after significant losses on ETH positions, has reallocated exposure and initiated a notable BTC

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Cardano Price Prediction and New Crypto Tipped to Outshine ADA in Long-Term Gains

With Cardano (ADA) still operating in a turbulent crypto environment, more investors are shifting their focus to new coins that have the potential to reshape the long-term growth patterns. One of the most successful projects is the Mutuum Finance (MUTM) , which is a decentralized lending protocol that is quickly gaining increased popularity because of its innovative approach to DeFi sustainability and optimizing yields. MUTM is at its sixth presale stage and will increase by 14.29 percent to $0.04 in the seventh stage. The project has raised more than $15.4 million and already registered more than 16,040 investors. As the ADA price movement generates discussions on where it will be in the market, Mutuum Finance has an opportunity to take over a portion of the attention as the traditional player wobbles. Cardano (ADA) Price Forecast as Bulls Look for Momentum Currently, ADA is trading at around $0.83 with solid ground above the support range of $0.80, which countless times has served as a key level to subsequent pullbacks. According to analysts, assuming that ADA can break out of the $0.95-$1.00 range, and gain above, it may in the next few weeks roll out a short-term surge towards $1.05, which would correspond to a potential 20-25% gain. When looking further forward, into late 2025, estimates are more optimistic: certain models may see average prices of $0.75-$1.07 in the month, whilst others may see a breakout to $1.30-$1.50 should institutional interest such as an ETF approval come to fruition. Presale Momentum Mutuum Finance is still in presale. Stage 6 tokens are sold at a price of $0.035 and the price of Stage 7 will increase by 14.29 percent and will reach $0.04. Interest in investment is also high and the sum of funds raised has exceeded above 15.4 million and the number of individuals with tokens has exceeded above 16,040. This turns MUTM into one of the most competent in the DeFi market. Community Giveaway and Leaderboard Rewards Mutuum finance continues to entice more investors with its mega $100,000 giveaway . Participation is open with a $10k reward to ten individuals. $50,000 Bug Bounty Program Mutuum Finance is also currently operating a bug bounty program of $50,000 USDT in collaboration with CertiK. To ensure that the platforms are safe and reliable, the participants may be incentivized to discover the weak areas, which can be classified into four categories: critical, major, minor, and low. Oracle Infrastructure and Price Discovery The project uses Chainlink to get accurate market prices and connects them with the value of USD and tokens like ETH, MATIC, and AVAX. Additional tools like fallback oracles, aggregated feeds, and in-chain metrics help provide reliable and timely prices for managing collateral and handling liquidations. Mutuum Finance (MUTM) is gaining ground fast as an emerging DeFi competitor, although Cardano (ADA) is looking at a tentative recovery. Stage 6 tokens are priced at $0.035, and Stage 7 will increase 14.29% to $0.04, providing early buyers with a high upside potential. With a growing confidence in the market, the project has increased funds raised and attracted over 16,040 investors in excess of 15.4M. MUTM offers the security, scalability and long-term growth positioning with a $100K community giveaway, $50K CertiK bug bounty, and solid oracle-based price infrastructure. Stage 6 is currently open to ensure that you are allocated before the next price surge. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance

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Canada’s jobless rate hits 9-year high as economy loses 66k jobs in August

Canada’s unemployment rate rose to 7.1% in August, the highest in more than nine years outside of the pandemic, adding pressure on the Bank of Canada to deliver an interest rate cut later this month. Statistics Canada reported Friday that the economy shed 66,000 jobs in August, largely in part-time positions. Professional and technical services led the declines, while trade-sensitive sectors such as transportation, warehousing, and manufacturing also posted steep job losses. Economists raise odds of rate cut CIBC senior economist Andrew Grantham said the latest data shows the weakness is no longer confined to sectors hit by U.S. tariffs. “The weaker than expected employment report saw financial markets pricing in a greater probability of a September interest rate cut, resulting in a decline in bond yields,” he told clients. The Bank of Canada’s next policy decision is set for Sept. 17. The central bank has kept its key rate at 2.75% over the past three meetings, citing trade uncertainty and sticky inflation. However, the jobs report adds to last week’s data showing GDP contracted by 1.6% annually in the second quarter, with only a slight 0.1% rebound estimated for July. August marked a second straight month of job losses, following a decline of 41,000 in July. The number of unemployed rose by 34,000, pushing the layoff rate to 1%, up from 0.9% a year earlier. BMO chief economist Douglas Porter noted the economy has lost 38,500 jobs since the trade war began in January, including 58,100 manufacturing roles. Inflation pressures shape policy outlook Inflation could be the deciding factor. The consumer price index rose 1.7% in July, though core measures remained elevated, with a three-month average of CPI-trim and CPI-median at 2.4%. RBC economist Claire Fan said the August inflation report, due a day before the rate decision, will “bear an unusual amount of weight” in shaping policy. Meanwhile, Canada’s employment rate fell 0.2 points to 60.5%in August, while annual wage growth eased to 3.2%. Youth unemployment stood at 14.5%, with summer student joblessness at 17.9%—the highest since 2009. Regionally, Alberta’s unemployment rate rose to 8.4%, while B.C.’s climbed to 6.2%. Windsor (11.1%), Oshawa (9%), and Toronto (8.9%) remained the hardest-hit cities. U.S. moves to reopen USMCA talks amid tariff tensions On related developments, the U.S. is preparing to launch talks on renegotiating its largest free trade pact , the U.S.-Mexico-Canada Agreement (USMCA). The Office of the U.S. Trade Representative is set to launch public consultations on revising the deal within the next month, a step required by Oct. 4 under the 2020 implementation law. According to people familiar with the matter, a request for input from companies and unions could come as early as this week. However, Trump’s team has previously signaled an imminent release before delaying it. The beginning of consultations will be the first official act in what is likely to be a month-long process to renegotiate a deal that Trump signed in 2020, which contains a mandatory six-year review. Following a petition for comments, the administration must hold at least one public hearing and brief Congress on the deal in January 2026, before holding the first official trilateral USMCA review meeting by July 1, 2026. The USMCA was promoted as a signature trade achievement of Trump’s first term, replacing the 1992 North American Free Trade Agreement, which he had criticized on the campaign trail for shifting U.S. factories and jobs to other countries, especially Mexico. Still, in his second term, Trump has undercut the USMCA by imposing — and later scaling back — steep tariffs on Canada and Mexico, claiming they were warranted due to drug trafficking through both countries. He initially levied a 25% tariff shortly after taking office, before exempting goods that met the pact’s rules. According to a January report, the tariffs were also intended to boost U.S. leverage in renegotiation and push talks forward more quickly. Get $50 free to trade crypto when you sign up to Bybit now

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US Senate updates crypto bill to block tokenized stocks from getting a 'commodity' label

The Senate just stuffed a brand new clause into its crypto bill to stop tokenized stocks from being labeled as commodities, closing in on a regulatory wall that could box crypto firms in. The update came Friday, with a new provision inside the draft of the Responsible Financial Innovation Act of 2025. The goal? Draw a hard line. Stocks that get tokenized onto a blockchain won’t sneak through commodity loopholes anymore. The update isn’t coming out of nowhere. Cynthia Lummis, the Republican senator from Wyoming, told CNBC a day earlier that the Senate wants the bill finalized fast. “We want this on the president’s desk before the end of the year,” she said. That means President Donald Trump, who’s back in the White House and already signed the stablecoin bill into law in July. The House and Senate both cleared that bill over the summer. But for crypto firms like Coinbase and Ripple, this new one is the heavyweight fight, the one that defines what’s a security and what’s not. The House already passed its version of the market structure bill in July. The Senate is still working on theirs. Once both versions are done, they’ll need to get merged before the final copy hits Trump’s desk. That’s where the friction starts. Senate plans committee votes and full vote by November Right now, Cynthia says the Senate Banking Committee is scheduled to vote later this month on the part of the bill that deals with the Securities and Exchange Commission. The Senate Agriculture Committee, which oversees the Commodity Futures Trading Commission, is planning to vote in October. A full floor vote could happen as early as November, Cynthia confirmed . The Democrats in the Senate haven’t signed on yet. But Cynthia claims conversations are happening. “There have been efforts to pair Democrats and Republicans on certain sub-issues within the bill to make sure that there’s, to the greatest extent possible, substantial bipartisan agreement on key issues,” she said. Even if every Republican backs the bill, at least seven Democrats need to join to get it across the line. A spokesperson from the Senate Banking Committee reportedly told CNBC that the current version of the bill “reflects feedback from hundreds of stakeholders on a wide range of questions.” This feedback helped shape the line-by-line regulatory split between securities and commodities, especially for assets moving onchain. While the Senate is trying to define boundaries, Galaxy Digital, a Nasdaq-listed crypto company, is already out here testing them. On Wednesday, Galaxy announced that its SEC-registered GLXY shares can now be tokenized directly on a public blockchain using the Opening Bell platform, built by crypto startup Superstate. Galaxy said that shareholders can now tokenize their equity and transfer it to approved wallets, as long as they pass KYC. These tokenized shares could also be traded on DeFi platforms using Automated Market Makers, giving them more liquidity and flexibility. Superstate claims that this isn’t a synthetic or wrapped token, these are direct equity issuances onchain. Galaxy tokenizes SEC-registered shares through Superstate platform The Opening Bell platform launched back in May and started with support for Solana. It claims to be the first platform offering SEC-registered public shares directly on blockchain infrastructure, without the need for intermediaries or token wrappers. Mike Novogratz, founder and CEO of Galaxy, said the goal is to bring what works in crypto into the traditional markets. In his words: “We’re proud to be working with Superstate to help lay the groundwork for an onchain capital market that bridges traditional equities with next-generation infrastructure. Our goal is a tokenized equity that brings the best of crypto — transparency, programmability, and composability — into the traditional world. And we’re taking part in building a model that can scale, not just for Galaxy, but for the market more broadly.” Last month, Galaxy said it had started working with Superstate to explore tokenization of its GLXY shares. Now that effort is live. Get $50 free to trade crypto when you sign up to Bybit now

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