Flash News

TREE NEWS update: UMX (The Unified Market Exchange), a crypto-friendly securities platform incubated by Li Lin’s Avenir Group, officially launched on October 16. The platform lets global professional investors trade real Hong Kong and US stocks, ETFs, US equity options and crypto assets under a unified account with cross-asset margin. UMX said it received 788 pieces of product feedback during its public beta from August 10, with 89 requests implemented in the official release.

TREE NEWS reports: Bitcoin’s transition to quantum-resistant cryptography would extend beyond the network itself to wallets, exchanges, custodians and tokenized assets, with proposals such as BIP-360 still under developer exploration and coordination potentially taking years. Wrapped Bitcoin, with 116,000 WBTC in circulation backed by about $9.5 billion in bitcoin, plans to migrate to new Custodian Bitcoin Deposit Addresses and has said it is exploring a multi-custodian reserve model.

TREE NEWS reports: Weekly RWA perpetuals volume on decentralized exchanges climbed to $39.8 billion from $22.8 billion, up 74.7% from the last week of August. Variational’s market share tripled from 10.6% to 32% since early September, with $12.73 billion in volume over the past week, overtaking TradeXYZ.

TREE NEWS update: Mizuho Bank, MUFG Bank, Sumitomo Mitsui Banking Corporation, Mitsubishi UFJ Trust and Banking, and TISI said they ran a proof-of-experiment from July 17 to 23, 2026 in which multiple banks jointly issued a stablecoin for cross-border payments. The three banks acted as joint issuers and Mitsubishi UFJ Trust as trustee, testing issuance, transfer and redemption for settlements between Mitsubishi Corporation’s Japan and overseas bases. The banks said the trial confirmed system security and the feasibility of the multi-bank issuance model.

TREE NEWS update: The Ethereum Ecosystem Summit, hosted by Sharplink, Visa and BlockUnion with Lido Institutional and ETH HK Hub as co-hosts, was held during TOKEN2049 Singapore and drew more than 1,800 registrations. Speakers including Ethereum co-founder Joseph Lubin and Sharplink CEO Joseph Chalom discussed institutional infrastructure, stablecoin payments, asset tokenization and agentic finance. Lido also unveiled Lido Lend, a lending product based on a modified Morpho Blue fork that still requires a Lido DAO governance vote.

TREE NEWS update: Ant International has completed a subscription to the ChinaAMC (Hong Kong) RMB Digital Currency Fund, with the fund added to Ant International’s treasury allocation, the two firms announced on Oct. 16. The transfer was initiated by Ant International at China Construction Bank’s Shanghai Pudong branch, moving digital RMB assets in real time from Shanghai to Hong Kong, then into a Standard Chartered (Hong Kong) account, and settling the subscription in offshore renminbi.

TREE NEWS reports: Bitget’s tokenized US stock business hit a single-day trading volume high of $10 billion after the exchange replaced its Ondo-based system with its own Reality protocol, which connects directly to Nasdaq and NYSE liquidity, Greater China head Xie Jiayin said in an interview. The exchange launched gold, forex and silver contracts via MT5 on January 5, and US stock derivatives now account for 19.5% of its business, making it the second-largest market globally after Binance. Bitget’s September reserve proof stood at 131%.

TREE NEWS update: SBI Holdings and Startale have joined Open Standard, the stablecoin alliance of more than 140 global firms including Visa, Stripe, Mastercard, BlackRock and Coinbase, to explore interoperability between JPYSC and OUSD. The two companies said the proof of concept aims to strengthen international liquidity for yen-denominated assets. JPYSC is a yen-denominated, trust-backed stablecoin issued by SBI Shinsei Trust Bank.

TREE NEWS reports: US stocks closed higher, with the Dow up 1.08%, the S&P 500 up 0.33% and the Nasdaq up 0.08%, while the VIX fell 2.43%. AI-related shares led gains: SoundHound AI rose 7.95%, The Trade Desk 7.8%, EPAM 6.66%, ServiceNow 6.14% and Atlassian 6.09%. The data was published by RWA trading platform MSX, which lists hundreds of tokenized US equity and ETF products including Nvidia, GOOGL, MSFT, AMZN, META, TSM and AMD.

TREE NEWS update: CoreWeave and Broadcom have joined the objections to the OKX-ICE stock tokenization venture, bringing the disclosed total to nine issuer objections. Each objection bars the affected stock token from trading under the SEC’s conditional exemption. The venture, a partnership between OKX and Intercontinental Exchange, has not said how it will proceed for the blocked tokens.

TREE NEWS update: IPX, an agentic operating system and tokenized exchange for intellectual property built on Base, closed a $4 million seed round at a $125 million valuation. Bitsurge Holdings led the round, with YICIPX Holdings Family Office participating.

TREE NEWS update: Uniform Labs, developer of tokenized asset settlement platform Multiliquid, has raised $8 million cumulatively across a seed and pre-seed round, with the latest seed round led by Polychain. Strobe Ventures, CMT Digital, Metalayer Ventures, Generative Ventures and Circle Ventures participated. Multiliquid lets institutions convert between tokenized assets and stablecoins in single atomic transactions, and is deployed on Ethereum and Solana.

TREE NEWS update: Visa Direct has moved USDC prefunding into production with Inyo Global, letting eligible payment providers fund cross-border payouts around the clock. Providers use the same Inyo APIs they already rely on, with the stablecoin used to pre-position funds for settlement. The move puts a Visa-operated stablecoin funding rail into live commercial use.

TREE NEWS update: Ripple Prime has added RWA perpetual swaps referencing perpetual futures listed on Hyperliquid, covering equities, ETFs, metals, energy and currencies with 24/7 trading and settlement. The product extends Ripple’s prime brokerage into round-the-clock exposure to traditional asset classes.

TREE NEWS reports: Tokenized assets offer capabilities their offchain versions cannot match, including instant settlement, automated coupon payments and collateral that can be re-pledged in DeFi. The distinction matters because tokenization is often framed simply as bringing assets onchain, when the real differentiator is the programmable financial functions the token wrapper enables.

TREE NEWS update: Stripe is partnering with Plasma to build a multi-currency stablecoin card that lets individuals and businesses spend directly in currencies already held in their accounts, cutting currency conversion and FX costs. Plasma joins as design partner on Stripe’s stablecoin card infrastructure, supporting USD, Brazilian real, euro, Mexican peso and Colombian peso, with USDC, OUSD and GENIUS Act-compliant stablecoins. The service covers 30-plus countries now, with plans for 100-plus by 2027.

TREE NEWS update: OneKey founder Yishi said the company’s SafeOS is built on FreeRTOS and developed in-house by its own team. OneKey will keep focusing on portable security devices that provide offline hardware protection for real-world assets (RWA), crypto assets, FIDO keys and two-factor authentication, he said, adding that the device works as a universal accessory for iPhone and Mac and pairs with BlueWallet, Sparrow, Rabby, OKX Wallet, MetaMask and Electrum, with compatibility set to expand further.

TREE NEWS reports: US stocks closed lower on Thursday, with the Dow down 0.09%, the S&P 500 down 1.11% and the Nasdaq down 1.88%, while the VIX rose 10.48%. AI-linked names led the decline: CoreWeave fell 15.46%, Dell 11.27%, Oracle 8.83%, Marvell 8.72% and Super Micro 8.42%. The data was published by RWA trading platform MSX, which has listed hundreds of RWA tokens covering US equities and ETFs including Nvidia, GOOGL, MSFT, AMZN, META, TSM and AMD.

TREE NEWS update: Chainlink said its oracle infrastructure has gone live on Stellar, bringing Data Feeds and Data Streams to an RWA ecosystem it values at over $4 billion. Developers on Stellar can now access verifiable market data for lending, stablecoins and tokenized equities. Chainlink said Stellar committed substantial funding through the Chainlink Scale program to cut the cost of institutional-grade oracle access for ecosystem developers.

TREE NEWS update: BNY and Citadel Securities completed the first tokenized U.S. Treasury repo workflow on a major triparty platform. The transaction marks the debut of tokenized assets in a triparty repo setting, with the two firms executing the settlement on the platform. No financial terms or platform name were disclosed.