Flash News

TREE NEWS update: The UK House of Lords voted 194 to 138 on Wednesday to pass an amendment requiring the government to draw up a digital asset strategy, despite opposition from the governing Labour Party. Introduced by Conservative peer Baroness Neville-Rolfe, the amendment would require the Treasury to draft, publish and consult on the strategy within 12 months of the Financial Services and Markets Act taking effect, covering crypto assets, stablecoins and tokenised securities. The bill still goes to the House of Commons, which may accept, amend or reject the Lords’ changes.

TREE NEWS update: Coinbase has rebranded the Base App back to Coinbase Wallet just over a year after the social-focused experiment fell short of expectations. The wallet now supports more than 10 networks, including Robinhood Chain and Monad, and offers perpetuals, prediction markets and tokenized stocks.

TREE NEWS update: The UK House of Lords has backed an amendment requiring the Treasury to develop a mandatory strategy for digital assets, taking a position opposed to Labour’s. The strategy would cover cryptoassets, stablecoins, tokenized securities and digital financial infrastructure.

TREE NEWS update: European finance and tokenization groups are calling on Brussels to remove limits on assets admitted to distributed ledger technology infrastructure, warning that a cap would constrain the market. If a cap is retained, the groups say it should be set at a 1.5 trillion euro baseline. The push targets EU rules governing tokenized securities issued on DLT.

TREE NEWS update: A U.S. bank said Wednesday it moved value between its North American and European entities using USBDC, a dollar-backed token it issued on Stellar. The pilot tested minting, redemption, freezing and clawback. XLM traded at $0.18, down 3.1% on the day.

TREE NEWS update: Nasdaq Ventures agreed to invest $100 million in Payward, the parent company of crypto exchange Kraken, expanding the two firms’ partnership on tokenized equity infrastructure. The deal marks a further tie-up between a major US exchange operator and a crypto trading venue. Terms beyond the investment amount were not disclosed.

TREE NEWS reports: Nasdaq has invested $100 million in Payward, the parent company of crypto exchange Kraken, at a $21 billion valuation. The investment is part of Nasdaq’s push into tokenized stock products that trade around the clock.

TREE NEWS update: Pump.fun announced the launch of its Custom Pair feature, allowing users to issue tokens on Solana paired with tokenized stocks, major crypto assets and precious metals. Through partnerships with Sunrise and xStocks, 93 pairing assets are supported, including 20 new tokenized equities such as BABA, COST, DELL, IBM, LMT, RDDT and SHOP. Half of the feature’s revenue will fund programmatic buybacks and burns of the PUMP token.

TREE NEWS update: Indian agri-fintech Arya.ag is moving grain ownership records onto the Avalanche blockchain, combining farmer, grain, warehouse, insurance and loan data for lenders. No launch date or initial deployment size was disclosed. The system is aimed at giving lenders verifiable records tied to stored grain.

TREE NEWS reports: BNB Chain’s bStocks, issued by BTech Holdings under ADGM FSRA approval, has launched 70 US stock tokens with a combined market value of $687 million, the largest among four chains. Robinhood Chain has issued 194 tokens worth $158 million, Base 10 tokens worth $12 million, while Solana relies on third-party xStocks from Backed, first launched in June 2025 with 60+ US stocks and ETFs.

TREE NEWS update: Digital financial services platform BIT, formerly Matrixport, released version 2.0 of its Trust Whitepaper, setting out its risk governance, security architecture, regulatory compliance and independent verification mechanisms. The document says most assets are held in cold wallets and private keys stored in FIPS 140-3 Level 3 hardware security modules, and discloses that its security team holds veto power over products and system changes carrying material risk, with a four-eyes principle for asset transfers and permission changes. It also details arrangements for US equities, RWA and asset management, and compliance across Hong Kong, Bhutan, Singapore, Switzerland, the UK, the US and the BVI.

TREE NEWS update: OKX has launched a “Smart Portfolio” strategy letting users allocate crypto assets, tokenized stocks, gold, crude oil, ETF indices and stablecoins into a single portfolio with custom target weights. The system automatically rebalances according to user-set check intervals and deviation thresholds, and users can trigger an immediate rebalance at any time. Both AI strategy recommendations and manual creation are supported, accessible via the app’s Strategy & Copy Trading section on OKX App version 6.188.0 or above.

TREE NEWS update: Robinhood CEO Vlad Tenev defended the company’s tokenized stock push, saying listed companies cannot control how their shares are wrapped into financial products. Reacting to AMC’s criticism, Tenev argued that once shares trade publicly, shareholders hold transferable property, allowing other firms to issue securities referencing them without issuer permission.

TREE NEWS update: Pump.fun opened token launches to quote assets beyond SOL and USDC on Wednesday afternoon, bringing the total to 93 pairs including tokenized Nvidia, Tesla and the S&P 500. Half the revenue from the new pairs goes to the PUMP buyback-and-burn contract. The deepest of the new quote assets holds $3.07.

TREE NEWS update: Circle has agreed to acquire Singapore-based Tazapay in a $400 million all-stock deal, adding over 60 banking and fintech partners and local payout rails across more than 100 markets to its network. The acquisition expands Circle’s global payments infrastructure, leveraging Tazapay’s cross-border payment capabilities.

TREE NEWS update: Tether and Fasanara Capital launched a $400 million evergreen private credit fund targeting $3 billion in assets. The fund will use USDT infrastructure to support asset-backed lending through fintech platforms in over 60 countries.

TREE NEWS update: Tether and Fasanara Capital have launched a $400 million fund to provide stablecoin-enabled private credit, targeting up to $3 billion from institutional investors. The capital will be deployed through Fasanara’s global fintech lending network.

TREE NEWS reports: Token launch platforms for stock-paired meme coins are seeing surging revenue. Pons reported $10.67 million in weekly fees, surpassing Pump.fun’s $9.76 million. StonkFun’s daily revenue briefly exceeded Pump.fun’s, while Four.meme launched its 4Stock model, bringing US stocks to BNB Chain. Platforms are using buybacks to boost their native tokens.

TREE NEWS update: The Rollup host Andy clarified on X that ARK Invest’s current SEC filing is not a broad ‘innovation exemption’ for tokenized securities, contrary to market rumors. The filing is a standard amendment to a November 2025 order allowing ARK Venture Fund to issue multiple share classes. Andy expects the SEC’s innovation exemption, which will have broader impact, to be released within a week after the CLARITY Act vote.