SWIFT Expansion - SWIFT to develop blockchain-based ledger for 24/7 cross-border payments.

Maple Moves - Maple Finance to tie into Elwood to bring institutional credit strategies on-chain.

Hypurr NFTs - Hyperliquid unveils 4,600 Hypurr NFTs, floor price surges past $60,000.

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  • Security-sharing protocol leveraging Bitcoin to secure BSNs 

  • Activated stake slashing, marking Phase-2 and the debut of the first Bitcoin Supercharged Network (BSN)

  • Token Launch: BABY token (10B supply) went live with allocations across community, ecosystem, investors, team, and advisors; functions as gas, governance, staking, and rewards

  • Activated v2 hard fork with Utreexo, RHP4, QUIC networking, and modular client apps—modernizing consensus, storage, and usability

  • Network revenue rose 79.9% QoQ to ~$83.9K, driven by pricing dynamics

  • Rebranded as “World’s Safest Cloud Storage, by Design”, emphasizing privacy and data sovereignty

  • Vincent Launch: Developer framework for non-custodial agents governed by onchain policies

  • Supports DeFi execution, automation, and AI-assisted workflows

  • LITKEY Token: Serves as payment unit, staking collateral for node operators, and governance token.

  • Community presale raised $1.1M from 275+ participants.

Tokenizing stocks and ETFs has been talked about since the first days of crypto. Yet as recently as this time last year, less than $6M of stocks had been tokenized. Today, that figure has surged to over $711.5M. So what changed?

One of the reasons behind this is the launch of Ondo Global Markets on Sept. 3, 2025. Ondo Global Markets (Ondo GM) is a tokenization platform that provides onchain exposure to a variety of publicly traded U.S. securities. As of Sept. 25, 2025, Ondo GM has attracted $285M in total value across more than 100 assets and 1,180 distinct addresses. Tokenized ETFs alone make up 61.3% of TVL, led by SPYon ($23.0M). The largest stock is TSLAon with $3.4M tokenized. 

Others have attempted this before, so why has Ondo GM succeeded in reaching over $294M in tokenized value in less than a month?

One of the reasons behind this is how Ondo GM is structured. Ondo GM tokens are freely transferable just like stablecoins, which means they can be used in DeFi. Other competitors have built walled gardens where tokens can’t be taken off platform and self-custodied or they are whitelisted meaning they can’t be deployed in DeFi protocols like Uniswap or Morpho. For many this defeats the purpose of tokenizing, what’s the point of using blockchain rails if you can’t integrate it in DeFi to earn yield or borrow against it?

Other players allow for transferability and composability in DeFi but lack deep liquidity. Ondo GM solves this with instant, low-cost minting/redemption of stocks using TradFi liquidity. When users mint, they pay USDon, Ondo’s stablecoin, which gets converted to dollars to buy the stock; when tokens are redeemed, the stock is sold and stablecoins flow back. 

Access remains restricted to non-U.S. investors, with onboarding open to institutions today and retail support in development. Ondo GM assets are live on Ethereum, with Solana, BNB Chain, and Ondo Chain coming soon. While still early, Ondo GM’s early traction signals a blueprint many issuers may soon follow.

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