Connect with us
DAPA Banner

Crypto World

Securitize appoints former SEC and Coinbase staffer as president

Published

on

Crypto Breaking News

Securitize has appointed Brett Redfearn as its president and as a member of the tokenization platform’s board of directors, underscoring the crypto industry’s growing pull for former regulators and established market veterans. Redfearn, who previously led the U.S. Securities and Exchange Commission’s Division of Trading and Markets, spent over a decade at JPMorgan and later served as Coinbase’s head of capital markets. He has also been a member of Securitize’s advisory board, and the company’s Thursday notice confirmed the leadership change as it continues to push real-world asset tokenization into the crypto mainstream.

The move arrives as tokenization of real-world assets (RWA) gains momentum across crypto markets. Securitize’s boardroom shake-up comes amid a broader surge in on-chain assetization activity, with data from analytics platform RWA.xyz showing $3.85 billion in distributed asset value across platforms in March and tokenized stocks on-chain surpassing $1 billion in total value. The numbers highlight a material shift toward regulated, tokenized exposure to traditional assets within the crypto ecosystem.

Key takeaways

  • Brett Redfearn is named president and board member of Securitize, bringing SEC leadership experience, Coinbase capital markets background, and JPMorgan tenure to the tokenization platform.
  • Market momentum for tokenized assets remains robust, with March data placing distributed asset value at about $3.85 billion on RWA platforms and tokenized stocks crossing $1 billion in on-chain value.
  • The SEC is recalibrating its enforcement leadership, naming David Woodcock as director of the Division of Enforcement, a role that will shape crypto oversight as the space expands.
  • Lawmakers are scrutinizing regulator departures, including the exit of former enforcement head Margaret Ryan, amid ongoing questions about crypto enforcement actions and dropped cases.
  • The broader trend of ex-government officials entering crypto continues, signaling a convergence of traditional financial governance experience with digital asset markets.

Strategic pivot at Securitize

In its official announcement, Securitize confirmed Brett Redfearn’s elevation to president and a seat on the company’s board. The former SEC official led the agency’s Division of Trading and Markets, a portfolio overseeing market structure and regulatory compliance, before moving to Coinbase as head of capital markets. He also accumulated frontline experience at JPMorgan spanning various roles across a decade. By bringing Redfearn onto the executive team, Securitize signals a continued emphasis on robust compliance, market governance, and scalable tokenization of real-world assets—areas where regulatory familiarity and traditional market discipline can be advantageous for accelerating institutional-grade adoption.

Redfearn’s growing role at Securitize also reflects a broader industry trend: attracting senior figures with public-sector credibility to help bridge crypto innovation with established financial norms. The executive’s transition from public service to private sector leadership dovetails with ongoing investor appetite for regulated pathways to tokenized exposure, especially in tokenized securities, asset-backed tokens, and other RWAs that promise enhanced liquidity and efficiency for traditional instruments.

RWAs and tokenization momentum

The market context for Redfearn’s appointment is favorable to Securitize’s business model. Data from RWA.xyz indicate a sustained surge in tokenized assets, with March totaling roughly $3.85 billion in distributed asset value across platforms. In parallel, tokenized stocks have crossed a notable threshold, with on-chain value exceeding $1 billion. These figures illustrate not only growing demand for tokenized access to mainstream assets but also the viability of regulated tokenization rails that can support larger, more diverse pools of capital.

Advertisement

For investors, the implication is twofold: first, tokenized RWAs offer a potential pathway to diversification and liquidity in traditional asset classes; second, the involvement of experienced financial-services executives in tokenization ventures could help drive scalable governance, risk controls, and compliance frameworks that appeal to institutions wary of regulatory uncertainty. Securitize’s leadership move aligns with a market that increasingly prioritizes both innovation and credible oversight as use cases expand beyond crypto-native tokens.

Regulatory backdrop and leadership reshuffle

Beyond Securitize’s leadership update, the regulatory environment is experiencing a notable transition. The SEC announced that David Woodcock would become director of the Division of Enforcement, with the appointment set to take effect on May 4. The change comes as the agency continues to navigate a contentious policy landscape for crypto-related enforcement, and as lawmakers press for clarity on how the SEC will approach recent crypto cases and policy shifts.

Interest among lawmakers centers on the departure of former enforcement head Margaret Ryan and questions about the SEC’s crypto crackdown strategy, including whether certain cases have been dropped or recalibrated. While authorities have pursued various actions against crypto firms and projects in recent years, the timing and rationale behind high-profile moves have drawn scrutiny from Capitol Hill. The broader takeaway for market participants is a heightened focus on how enforcement direction and regulatory priorities will shape project roadmaps, exchange behavior, and the permitting environment for tokenized assets.

In parallel, industry observers note how the movement of former regulators into crypto companies—such as Caroline Pham’s shift from the Commodity Futures Trading Commission to MoonPay—illustrates a broader willingness among policy veterans to contribute to, and influence, the sector’s development. This trend does not guarantee favorable policy outcomes, but it does signal a convergence of traditional financial governance with crypto innovation, potentially accelerating the adoption of clearer compliance standards and governance practices.

Advertisement

What this means for investors, builders and users

The confluence of leadership experience and tangible market momentum in RWAs points to a maturing segment of the crypto economy. For investors, the combination of seasoned governance acumen and regulatory-aware product design could translate into more credible access points to real-world assets, with improved risk management and reporting. For builders, Redfearn’s appointment may encourage the creation of more transparent issuance and custody solutions, along with stronger tokenization infrastructure that stands up to regulatory scrutiny. For users, the trend could translate into broader ranges of tokenized securities and asset-backed tokens that operate on trusted rails, delivering greater liquidity and on-chain settlement efficiencies.

That said, uncertainties remain. The regulatory posture toward crypto enforcement and the specifics of how RWAs will be treated under securities or commodities regimes will continue to influence product design, listing standards, and cross-border considerations. Market watchers should monitor how Woodcock’s leadership style translates into enforcement priorities and whether the SEC’s approach to complex asset-backed tokens evolves in a direction that reduces friction for compliant projects while preserving investor protections.

As the sector evolves, the next few quarters will reveal how these leadership movements translate into tangible policy signals, partnerships, and capital flows. Expect further commentary from industry participants on how tokenization platforms align with evolving regulatory expectations, and watch for any new data points that illuminate the pace of adoption among institutional participants seeking regulated exposure to tokenized real-world assets.

Readers should keep an eye on Securitize’s strategic execution under Redfearn’s presidency—especially initiatives around onboarding institutions, expanding the RWA toolkit, and advancing governance standards. Concurrently, any developments from the SEC’s enforcement division and congressional inquiries into crypto cases will help frame the risk and opportunity landscape for tokenized assets in the near term.

Advertisement

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

Source link

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

What next as bitcoin (BTC) fails to break $73,000 for the third time since ceasefire

Published

on

Bitcoin slides to $66,600 as Trump threatens to hit Iran 'extremely hard'

Bitcoin pulled back to $71,843 on Friday after a third attempt to breach $73,000 was met with selling on Thursday, a level that has now rejected the price on every rally since the Iran conflict began in late February.

The retreat is modest. Bitcoin is up 7.9% on the week, its strongest weekly performance of the war so far, holding above the 50-day moving average which has turned upward for the first time since the conflict started. Ether held at $2,189, up 6.6% on the week. Solana’s SOL gained 5.1% to $83.09. XRP added 2.8% to $1.34. Dogecoin climbed 2.4% to $0.092. The entire top 10 is green on the weekly chart for the first time in over a month.

But $73,000 is seemingly a wall. The level has capped bitcoin three times since the ceasefire was announced on Tuesday — each attempt producing a rally that faded within hours. The pattern is identical to the pre-ceasefire range, just shifted higher. Instead of grinding between $65,000 and $73,000, bitcoin is now grinding between $70,000 and $73,000.

“We will need to wait for the price to rise above $75,000 before we can speak of the market entering an active bullish phase,” said Alex Kuptsikevich, FxPro’s chief market analyst, in a note to CoinDesk. He added that bitcoin remains above the 50-day moving average, reinforcing short-term bullish sentiment, but flagged the repeated rejection at $73,000 as the barrier that needs to break.

Advertisement

Galaxy Digital CEO Mike Novogratz set the bar higher, saying the key conditions for bitcoin to resume its uptrend are consolidation above $74,000 followed by a break above $80,000. “Breaking through these levels could trigger a new wave of optimism and restore the uptrend,” he said.

The ceasefire that triggered Tuesday’s rally is already fraying. Iran accused the U.S. of breaching three clauses of the agreement.

The Strait of Hormuz remains only partially reopened with “technical limitations.” Oil rebounded from its 15% single-day crash to trade back above $97.

Ether’s setup is similarly range-bound. The token pulled back 4% from its Wednesday peak to $2,189, which Kuptsikevich described as market noise within a $2,000 to $2,400 consolidation zone.

Advertisement

“A breakout beyond this calm consolidation zone would signal the start of a directional move,” he said.

Outside of majors, Algorand dropped 11.4%, Aptos fell 6.1%, and Polkadot lost 6.1%, marking an altcoin divergence that typically appears when traders are rotating rather than entering fresh capital.

The Fear and Greed Index climbed out of single digits for the first time in over a month, meanwhile.

If the ceasefire survives through the weekend and the Strait opens further, $73,000 gets its fourth test with momentum behind it. However, Tehran’s grievances escalate or Trump’s rhetoric shifts, the pullback toward $68,000 to $70,000 is the path of least resistance.

Advertisement

Source link

Continue Reading

Crypto World

XRP edges higher to $1.35 on breakout, what next for Ripple-linked token

Published

on

XRP edges higher to $1.35 on breakout, what next for Ripple-linked token

XRP is trying to stabilize after a sharp move higher, but the bigger question is whether this is real strength or just a short-term bounce. The breakout came on solid volume, yet the lack of follow-through and weak broader structure suggest buyers are still cautious.

News Background

  • XRP ETFs saw $3.32M in inflows, but the scale remains too small to meaningfully shift price direction given the token’s size.
  • The move continues to be driven more by technical positioning than fundamentals, with no clear catalyst behind the recovery.

Price Action Summary

  • XRP moved from $1.33 to $1.35, breaking above the $1.34 level on strong volume.
  • The initial push was sharp, but price quickly settled into a tight range just below $1.36 without extending higher.
  • Short-term volatility remains elevated, with quick dips being bought but rallies still struggling to hold.

Technical Analysis

  • The key signal is the quality of the breakout. Volume confirms participation, but the lack of continuation suggests this is not yet a strong trend shift.
  • XRP remains within a broader downtrend, and rallies are still capped below the $1.40 level.
  • Some indicators point to exhaustion rather than strength, with analysts flagging potential downside if momentum fades.
  • At the same time, tight consolidation near current levels shows buyers are at least attempting to build a base.

What traders should watch

  • $1.34 is now the immediate pivot. Holding above it keeps the short-term recovery intact.
  • $1.36-$1.40 remains the key resistance zone. A clean break is needed to shift momentum meaningfully.
  • On the downside, a move back below $1.32-$1.31 would signal the breakout has failed and reopen pressure toward $1.28.

Source link

Continue Reading

Crypto World

Coinbase Announces Upgrade for x402 Protocol Enabling Usage-Based Pricing

Published

on

Coinbase Announces Upgrade for x402 Protocol Enabling Usage-Based Pricing

Coinbase has announced an upgrade for the x402 protocol, enabling usage-based pricing for agentic AI compute requests, which replaces the former flat fee model.

In a post on X on Thursday, Coinbase Developer Platform announced the “Upto” scheme has gone live, adding it will help open up “variable-cost services” for agentic AI such as large language model inference, compute and data queries.

“Until now, x402 only supported exact, fixed-price payments. That works great for deterministic APIs. But it blocked an entire category of services where the cost depends on usage, such as token count, compute time, or query complexity,” Coinbase Developer Platform said.

“Upto is an EVM implementation, supporting all ERC20s, and CDP Facilitator supports fully gasless payments,” it added.

Advertisement

The move comes amid growing support for the x402 protocol as a wide range of firms prepare for future agentic commerce adoption, which is expected to bring extreme levels of network demand and require frictionless payments and near-instant transactions to support agentic AI.

Source: Coinbase Developer Platform

Flat-fee problem gets a fix

The Upto scheme allows sellers to configure maximum prices, while buyers will be able to authorize prices up to a specific amount. 

On the server end, where costs fluctuate, the server will charge only for how much it actually takes to complete the task, meaning users won’t be overcharged and may even pay less than the specified maximum price.

Previously, simple and complex requests cost the same amount, resulting in some users either overpaying or underpaying for tasks done by AI agents. This upgrade will help users set prices they are willing to pay before a task instead of guessing how much they think the task will cost for an agent to complete.

Related: CIA to integrate AI ‘co-workers’ to process intelligence, catch spies

Advertisement

Developed by Coinbase, the protocol’s ownership was handed over to the nonprofit Linux Foundation earlier this month, with big tech firms such as Google, Microsoft and Amazon Web Services having a stake in the protocol via the x402 Foundation.

Despite the hype surrounding x402, the network has seen declining adoption rates in 2026 after hitting peak levels in November, according to Dune Analytics data. Between Nov. 4 and Nov. 10, the protocol saw 13.7 million transactions, its biggest week on record.

However, it has been on a steep decline since then, with weekly transaction volume dropping below 1 million in early January and continuing to plunge further over the first quarter. As of the last week in March, x402 saw just 112,708 transactions.

Magazine: AI agents will kill the web as we know it: Animoca’s Yat Siu

Advertisement