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Tether Bets $150M on Gold.com to Scale Gold Tokenization

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The investment arm of stablecoin issuer Tether revealed on Thursday a $150 million stake in Gold.com, the online marketplace for gold and other precious metals. The move equates to roughly 12% of Gold.com and lays the groundwork for embedding a tokenized gold layer into the platform’s offerings. In practice, the plan includes integrating Tether Gold into Gold.com’s ecosystem, enabling users to access tokenized gold through a familiar, regulated marketplace. This marks another step in Tether’s broader strategy to blend digital assets with traditional stores of value, while preserving the asset’s backing and recognized value.

Gold.com is a publicly listed online marketplace that sells gold and other precious metals, including silver and platinum, to markets including the United States and beyond. The collaboration will align Gold.com’s catalog with a tokenized gold framework, as developers explore ways for customers to interact with digital gold alongside physical holdings within a familiar shopping experience.

“Gold has played a central role in preserving value for centuries, particularly during periods of monetary stress and geopolitical uncertainty,” said Paolo Ardoino, Tether’s chief executive. “Gold exposure is not a trade for Tether; it is a hedge and a long-term allocation to protect our user base and ourselves in a world that is becoming increasingly unstable.” He added that the investment reflects a long-term belief that gold should be as accessible, transferable, and usable as modern digital money, without compromising on physical backing or ownership.

Key takeaways

  • Tether’s investment arm is purchasing roughly a 12% stake in Gold.com for about $150 million, with plans to integrate Tether’s gold-backed token into the platform.
  • The tie-up signals a deeper push to bring tokenized precious metals to mainstream crypto users and traditional gold buyers on a regulated marketplace.
  • Beyond tokenized gold, the partners are exploring ways for customers to buy physical gold using Tether’s USD-backed stablecoins and related US-market tokens.
  • The development comes as gold prices surged over the prior year, briefly peaking around $5,600 per ounce before easing to the mid-$4,800s in recent days.
  • Separately, Tether disclosed a separate $100 million equity investment in Anchorage Digital to support wider USAt adoption, with Anchorage aiming to advance toward a public listing next year.
  • Tether reported a $10 billion profit in 2025, driven mainly by interest income on its large USDT reserves backing USDt obligations.

Tickers mentioned: $XAUt, $USDT, $USAT

Sentiment: Neutral

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Market context: The deal aligns with a broader shift toward tokenized assets and on-chain settlement in the precious metals space, while stability and regulatory considerations continue to influence stablecoin use and cross-asset integrations.

Why it matters

For investors and users, the partnership could lower barriers to accessing gold through a digital wrapper that preserves physical backing while improving liquidity and settlement speed. By embedding a gold-backed token into a widely used marketplace, Gold.com could broaden the audience for tokenized precious metals beyond niche crypto circles into mainstream retail investors and institutions alike. The move also highlights Tether’s strategic emphasis on expanding utility for its suite of stablecoins and tokenized assets, creating a potential blueprint for other traditional commodities to leverage blockchain rails without sacrificing physical custody or auditability.

The collaboration also reflects a growing appetite among crypto-native firms and regulated platforms to bridge the gap between digital currencies and real-world assets. The emphasis on a regulated marketplace aims to address concerns about transparency, custody, and transparency—issues that have historically vexed both crypto enthusiasts and traditional precious metals buyers. If the integration proceeds as planned, it could pave the way for more cross-asset products that blend the reliability of physical gold with the efficiency of on-chain transfers and programmable payments.

Beyond Gold.com, the broader strategy includes expanding the use of stablecoins in tangible assets, such as physical metals, and leveraging Tether’s footprint in regulated financial ecosystems. The separate investment in Anchorage Digital underscores another pillar of this strategy: enabling USAt adoption within a compliant, bank-partnered framework as the new US-regulated stablecoin aims to gain traction in the American market while the parent company contemplates a future public listing. Collectively, these moves illustrate a deliberate attempt to normalize and scale tokenized gold as a legitimate instrument for hedging, allocation, and everyday commerce within a regulated environment.

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From a financial perspective, the developments come amid positive momentum for gold in macro contexts marked by uncertainty and shifting risk appetite. Gold’s performance over the past year showed a notable run-up before some retracement, a pattern that can benefit tokenized representations by offering a familiar, tradable exposure that blends physical value with blockchain-enabled features like fractional ownership, faster settlement, and cross-border accessibility.

In tandem, Tether’s financial disclosures signal the broader health of the stablecoin ecosystem. The company reported a substantial profit in 2025, largely supported by interest earnings tied to its USDt reserves, which back USDt liabilities across the ecosystem. While this profitability does not guarantee future performance, it reinforces the scale at which stablecoin markets operate and the potential financial bedrock for continued investment in on-chain asset classes.

The evolving narrative around tokenized gold and stablecoin-enabled purchases could transform how ordinary investors interact with precious metals. If successful, Gold.com’s platform could become a practical gateway for users to convert digital liquidity into tangible metal holdings, while enabling new on-ramps and off-ramps that tie digital wallets to regulated, physical markets. This convergence of digitized assets and real-world goods represents a continuation of a broader fintech trend: the digitization of traditional assets with the added benefits of programmability, auditability, and cross-border efficiency.

What to watch next

  • Timeline for integrating the tokenized gold layer (XAUt) into Gold.com’s user experience and any custody or compliance milestones.
  • Regulatory updates affecting tokenized precious metals and stablecoins in major markets, including disclosures around reserves and audit practices.
  • Adoption metrics for USDT and USAt within Gold.com and related platforms, including any pilot programs for gold purchases with stablecoins.
  • Progress of Anchorage Digital’s USAt initiative and any forthcoming regulatory or market-facing milestones, including the planned public listing.

Sources & verification

  • Tether’s official press release announcing the $150 million strategic investment in Gold.com and its plans to expand access to tokenized and physical gold. See: Tether makes a $150 million strategic investment in Gold.com.
  • Gold.com platform overview and listing details (public marketplace for precious metals).
  • Tether’s separate $100 million equity investment in Anchorage Digital aimed at accelerating USAt adoption and the bank’s impending public listing.
  • Gold price context referenced: approximately 80% rally over the prior 12 months, peaking near $5,600 per ounce and retreating to around $4,800 at the time of reporting.
  • Tether’s 2025 profitability mentioned in relation to USDT reserve-backed income and overall reserve profile.

Tether expands tokenized-gold access with Gold.com stake

The disclosure of a $150 million investment for a roughly 12% stake signals a deliberate, strategic step for Tether into the intersection of tokenized commodities and regulated retail platforms. The proposed path—embedding Tether Gold into Gold.com’s existing ecosystem—suggests a roadmap where physical gold and digital representations can be bought, held, and exchanged with comparable ease to other digital assets. By tying a publicly accessible marketplace to a token representing real-world gold, the arrangement is designed to deliver on the promise of on-chain liquidity without sacrificing the security and custody that come with physical metal ownership.

From a narrative standpoint, the deal sits at the crossroads of longstanding financial prudence and modern digital finance. Gold has historically served as a hedge during periods of monetary stress, and proponents argue that tokenized gold can offer similar hedging benefits with the added advantages of transparency, faster settlement, and global reach. The collaboration aligns with an ongoing effort to make gold more usable in everyday commerce, rather than a passive, siloed store of value. As the two entities work toward practical implementations, observers will be watching for regulatory clarity on tokenized precious metals, reserve disclosures to ensure physical backing, and user-friendly features that safeguard ownership while enabling efficient cross-border transfers.

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At the heart of the project is a careful balance between accessibility and custodial responsibility. The tokenized representation of gold—whether through a token like XAUt or other digital wrappers—needs to be backed by verifiable physical gold holdings and auditable reserves. Tether’s emphasis on maintaining robust backing and a clear, auditable linkage between the digital token and the underlying metal is essential to sustaining trust in both the token and the broader platform. The integration into Gold.com—an established, publicly listed marketplace—could help normalize tokenized gold as a legitimate instrument for both retail and professional investors, especially if the process remains seamlessly integrated with conventional payment rails and secure custody solutions.

Another dimension of the story concerns the broader ecosystem around stablecoins and their role in real-world asset markets. The push to enable USDT and USAt payments for physical gold hints at a potential tipping point in how on-chain liquidity is channeled into tangible assets. The USAt initiative, described in tandem with Anchorage Digital, underscores a broader ambition to advance regulated, US-facing stablecoins within a framework that aligns with formal banking and custody standards. As markets become more comfortable with stablecoins as a medium of exchange for real assets, the prospects for a more interconnected financial system—where tokenized commodities and traditional assets coexist on integrated platforms—could improve both efficiency and investor confidence.

In this broader context, Gold.com’s positioning as a gateway to tokenized and physical gold could reshape how ordinary investors approach precious metals. If the partnership proves durable, it could encourage other marketplaces to explore tokenized representations of widely traded commodities, expanding the menu of digital-physical hybrids available to users. Yet the path is not without risk: the success of such a venture depends on continued regulatory clarity, rigorous reserve management, and the ability to deliver a user experience that minimizes complexity while maximizing transparency. As with any cross-asset initiative, the outcome will hinge on execution, governance, and the ability to demonstrate tangible value for both token holders and traditional gold buyers alike.

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

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Ethereum price risks falling below $1,000 as theory points lower

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Ethereum price risks falling below $1,000 as market auction theory points lower - 1

Ethereum price consolidates near the point of control after rejecting $4,800 resistance. Market Auction Theory suggests a potential rotation toward $870, risking a drop below $1,000.

Summary

  • Range Structure: Ethereum trades within a macro range between $4,800 resistance and $870 support.
  • Current Level: Price consolidating near the point of control (POC).
  • Downside Risk: Market Auction Theory favors rotation toward $870, risking a move below $1,000.

Ethereum (ETH) price is currently trading within a large macro trading range that has defined price behavior over an extended period. The upper boundary of this range sits near $4,800, while the lower boundary is positioned around $870.

This broad structure has acted as the framework for Ethereum’s price action as the market continues to rotate between areas of high and low value.

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Ethereum price key technical points

  • Range Structure: Ethereum continues to trade within a macro range between $4,800 resistance and $870 support.
  • Point of Control: Price is currently consolidating around the POC, a major equilibrium level.
  • Downside Target: Market Auction Theory suggests a potential rotation toward the $870 range low.
Ethereum price risks falling below $1,000 as market auction theory points lower - 1
ETHUSDT (1W) Chart, Source: TradingView

Ethereum’s rejection from the range high resistance near $4,800 marked a significant technical development for the broader market structure. Range highs often act as areas of heavy supply where sellers begin to step into the market. When price is unable to sustain acceptance above these levels, it typically signals that bullish momentum is weakening and that a corrective rotation may follow.

Following the rejection at resistance, Ethereum’s price rotated lower and has now returned to the point of control, which represents the area where the highest volume within the range has been traded. The POC often functions as a magnet for price during periods of consolidation because it reflects a fair value zone where both buyers and sellers previously agreed on price.

At the moment, Ethereum is attempting to hold above this level as the market enters a short-term consolidation phase. From a technical standpoint, it is common for price to temporarily stabilize around the POC before deciding on the next directional move. In many cases, this area can provide a short-term bounce or relief rally as buyers attempt to defend the equilibrium zone.

This comes as BMNR shares climbed over 4% on Monday, revisiting the key $20 resistance as Ethereum rebounded and the company continued accumulating, highlighting renewed interest in Ethereum-linked assets.

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However, when analyzing the broader structure through the lens of Market Auction Theory, the larger directional bias may still favor further downside. This theory suggests that once price loses acceptance near the value area high, the market often seeks to rotate toward the value area low, where the next significant liquidity pool exists.

In Ethereum’s current structure, the value area high aligns closely with the previous rejection near $4,800, while the value area low sits near the range low around $870. If the auction process continues to develop in this direction, the market may gradually move lower as price searches for the next major area of value.

Such a move would place Ethereum below the psychological $1,000 level, which represents an important milestone for traders and investors. Psychological price levels often act as areas where market sentiment can shift quickly, particularly if broader bearish conditions remain intact.

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However, rising institutional accumulation of Ethereum signals growing confidence in the asset and renewed momentum for the expansion of decentralized finance, which could influence long-term market sentiment despite short-term downside risks.

Another factor supporting the downside scenario is the broader macro market structure. Ethereum’s inability to sustain higher highs within the range suggests that bullish momentum remains limited. Until a strong structural breakout occurs, the dominant market behavior is likely to remain rotational rather than trending.

What to expect in the coming price action

Ethereum is currently holding near the point of control, where short-term consolidation or a temporary bounce may occur. However, the broader market structure remains bearish following the rejection at $4,800 resistance.

If Market Auction Theory continues to play out, price may gradually rotate toward the range low near $870, increasing the probability that Ethereum could trade below $1,000 in the coming weeks or months.

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EU Regulated Blockchain Securities Market Sees First Bank Join

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Crypto Breaking News

A Swiss-regulated crypto bank has joined a European Union–backed, blockchain-based settlement venue for tokenized securities, signaling a step toward weaving digital asset infrastructure into traditional capital markets. Zug-based Amina announced it is becoming a listing sponsor on 21X, Europe’s first fully regulated DLT trading and settlement venue, making the bank the platform’s inaugural regulated participant. The move aligns with Amina’s partnership with Tokeny, a Luxembourg-based provider of technology for issuing and managing tokenized financial assets, enabling issuers to access a regulated path to on-chain securities. The collaboration aims to tackle a long-standing hurdle for institutional adoption: the interoperability of tokenized-asset platforms within a regulated ecosystem. 21X, operating under the EU’s DLT pilot regime, received an infrastructure permit in December 2024 to run a regulated market for blockchain-based securities in a regulatory sandbox.

The push to connect regulated banks with tokenized issuances and trading comes amid a broader push to demonstrate viable, compliant on-chain markets. Industry observers have long pointed to the challenge of cross-platform interoperability as a bottleneck to scale. A Baker McKenzie analysis cited in June ascribes the obstacle to the “lack of interoperability of tokenized asset platforms,” arguing that scale will only be achieved when multiple market players transact across common or interconnected venues. In that context, Amina’s participation on 21X could help test how a conventional bank operates within a regulated blockchain venue, potentially lowering both onboarding friction and counterparty risk for institutional issuers.

Launched in 2023, the EU’s DLT pilot regime is designed to provide a regulatory sandbox for experimenting with blockchain-based trading and settlement of financial instruments. Regulators use the framework to gauge how distributed-ledger technology could fit into existing market infrastructure before broad-scale adoption. While the pilot has sparked excitement about real-world applications, participants have warned that the regime’s current limits may hinder European on-chain markets from scaling to compete with other jurisdictions. The involvement of regulated banks like Amina will be watched closely as a potential signal of practical viability for the model.

The momentum around tokenized real-world assets remains notable. In the United States, major financial institutions such as BNY Mellon, Nasdaq, and S&P Global have supported the expansion of the Canton Network, underscoring growing interest in interoperable, permissioned blockchains for finance. In Europe, venues like 21X are being tested under the EU’s DLT pilot regime to determine how regulated participants might issue, manage, and trade tokenized securities in a controlled environment. In February, eight EU-regulated digital-asset companies publicly urged policymakers to accelerate legislation, warning that delays could leave Europe trailing the United States and other markets in tokenized-finance development.

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The market for tokenized real-world assets has drawn attention to the breadth of potential applications. Data from RWA.xyz places the total value of tokenized real-world assets at about $26.5 billion, illustrating the scale of interest across asset classes and geographies. The industry has already witnessed notable milestones: Kraken’s tokenized-securities trading on its xStocks platform opened to European users, offering blockchain-based versions of US-listed equities, and Liechtenstein’s Ondo secured regulatory approval to provide tokenized equities to European investors. These developments, alongside ongoing regulatory dialogue and the expansion of regulated venues, paint a picture of a market moving from pilot-stage experimentation toward incremental adoption among institutions.

As the ecosystem evolves, observers will watch for concrete indicators of broader participation, including more banks endorsing on-chain settlement rails, issuers selecting 21X or other regulated venues for tokenized outcomes, and the pace at which interoperable standards emerge across platforms. While it remains to be seen how quickly tokenization can scale to the level of traditional capital markets, Amina’s entry into 21X marks a meaningful data point in the ongoing journey toward regulated, institution-friendly on-chain markets.

Related: Crypto exchanges gain as tokenized commodity market climbs to $7.7B

Strong growth of tokenized real-world assets

The trajectory of tokenized assets is underscored by ongoing institutional interest in blockchain infrastructure for asset tokenization. In the United States, major participants have backed initiatives to broaden tokenization-enabled markets, while Europe continues to experiment with regulated venues such as 21X. The push toward interoperability and compliant issuance remains central to unlocking scale, even as regulators balance innovation with investor protection.

In September, Kraken launched tokenized securities trading for European users via its xStocks platform, which provides blockchain-based representations of US-listed equities. Two months later, Ondo received regulatory approval in Liechtenstein to offer tokenized equities trading to European investors, signaling continued momentum in Europe’s tokenization efforts.

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The broader market narrative remains anchored in tangible data points. Market trackers show tokenized real-world assets expanding beyond niche pilots, with more institutions evaluating how tokenization can streamline issuance, custody, and settlement within regulated frameworks. Still, industry participants emphasize that any acceleration will depend on the creation of interoperable networks and clear regulatory guidance that harmonizes cross-border flows.

At the same time, the conversation around tokenization continues to reference the European DLT pilot regime as a proving ground for governance, risk controls, and settlement mechanics. Critics caution that the framework’s current scope may constrain full-scale on-chain markets in Europe, yet proponents see it as a crucial early step toward a more resilient, regulated digital-asset infrastructure.

Why it matters

For market participants, Amina’s entrance into 21X represents more than a symbolic endorsement of on-chain infrastructure. It signals that a regulated bank is willing to operate within a tokenized-securities venue, bringing traditional counterparty risk management, custody standards, and KYC/AML processes into an on-chain trading and settlement workflow. If the model proves scalable, issuers looking to tokenize real-world assets—ranging from securities to structured-finance instruments—could gain a more predictable path to access capital markets through regulated environments rather than ad hoc private ledgers.

For platform operators, the first fully regulated bank participant underscores the importance of robust interoperability and compliance layers. The Baker McKenzie citation underscores a recurring industry theme: that scaling tokenization requires a network of interoperable platforms rather than isolated silos. The involvement of regulated banks may incentivize other actors to participate, potentially driving higher liquidity and broader issuance on platforms like 21X.

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For investors, the evolution of tokenized markets within regulated contexts could translate into clearer risk controls and more familiar governance structures. Regulators’ continued experimentation—paired with industry participation—may reduce friction around custody, settlement finality, and cross-border access, all of which have historically deterred large institutions from engaging with tokenized assets.

What to watch next

  • Progress on 21X’s regulatory milestones, including any new listing sponsors or issuances on the venue.
  • Additional banks or financial institutions joining regulated blockchain trading and settlement rails in Europe.
  • Regulatory developments affecting the EU DLT pilot regime and cross-border tokenization standards.
  • Tokeny’s integration pipeline and any new issuer programs enabling tokenized securities under regulated frameworks.
  • Updates to market data on tokenized real-world assets, including new asset classes and liquidity indicators.

Sources & verification

  • Announcement of Amina becoming the listing sponsor on 21X, via BusinessWire: AMINA Becomes First Regulated Bank on 21X Europe’s First Fully Regulated DLT Trading and Settlement Venue.
  • Baker McKenzie, tokenization in financial services analysis on interoperability and scale.
  • EU DLT pilot regime background and regulatory sandbox description.
  • RWA.xyz data on the tokenized real-world asset market size ($26.5 billion).
  • Related coverage on tokenized securities and regulated venues (Kraken xStocks, Ondo Liechtenstein approval).

Key narrative details

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

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US Court Dismisses All Claims Against Binance in Anti-Terrorism Case

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Crypto Breaking News

Editor’s note: A US federal court’s dismissal of all Anti-Terrorism Act claims against Binance marks a definitive legal vindication for the company. In a 62-page decision, the court found no evidence that Binance aided terrorists, participated in, or conspired with terrorist organizations, despite claims by 535 plaintiffs alleging material support related to 64 terrorist attacks. The ruling reinforces Binance’s stated commitment to compliance, governance, and constructive engagement with regulators worldwide, and signals that the company will vigorously defend its reputation and operations.

Key points

  • The court dismissed all Anti-Terrorism Act claims against Binance in the case, across every allegation.
  • The court found no evidence Binance aided terrorists, linked itself to attacks, or conspired with terrorist organizations.
  • The ruling addresses claims by 535 plaintiffs alleging material support related to 64 terrorist attacks.
  • While plaintiffs may seek to amend, Binance emphasizes it will defend its position and will continue to engage with regulators.

This dismissal is a complete vindication of all false allegations.

Why this matters

The ruling delivers a decisive legal victory and underlines Binance’s ongoing investment in compliance infrastructure, regulatory engagement, and robust governance. It reinforces that Binance’s operations do not support terrorism in any form and provides a clear clarification to the market about the company’s posture and risk controls.

What to watch next

  • Whether plaintiffs file an amended complaint within the 60-day window.
  • Binance’s ongoing regulatory engagement worldwide and governance actions.

Disclosure: The content below is a press release provided by the company/PR representative. It is published for informational purposes.

US Federal Court Dismisses All Claims Against Binance in Anti – Terrorism Lawsuit

Court rejects allegations that Binance assisted, participated in, or conspired with terrorists. This represents a decisive legal dismissal of all claims

Binance, the world’s largest cryptocurrency exchange by registered users, announced today that a U.S. federal court in the Southern District of New York has dismissed all claims brought against the company under the Anti-Terrorism Act (ATA). The lawsuit involved 535 plaintiffs who alleged that Binance provided material support related to 64 terrorist attacks.

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In a 62-page decision, the Court found that plaintiffs failed to establish any of their central allegations: that Binance assisted terrorists, that Binance associated itself with terrorist attacks, that Binance participated in or sought to advance those attacks, or that Binance engaged in any conspiracy with terrorist organizations.

“This dismissal is a complete vindication of all false allegations,” said Eleanor Hughes, Binance’s General Counsel. “The court has unambiguously rejected the false and damaging narrative that Binance assisted terrorists. We have always maintained that these claims were without merit, and today’s ruling confirms that. We will continue to defend ourselves aggressively against any litigation or reporting that misrepresents who we are and how we operate.”

A Full and Complete Legal Victory

The Court’s decision to dismiss all claims, across every allegation, represents a decisive legal victory.

While the Court has allowed plaintiffs 60 days to file an amended complaint in light of a recent appellate decision, Binance is confident that no amended pleading will be able to cure the fundamental deficiencies the Court identified. The underlying claims have been thoroughly examined and rejected.

Commitment to Compliance and Legal Integrity

Binance has consistently invested in industry-leading compliance infrastructure, regulatory engagement, and legal governance. Today’s ruling affirms that Binance’s operations do not support, facilitate, or enable terrorism in any form.

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The company will continue to engage constructively with regulators worldwide, operate within established legal frameworks, and pursue vigorous legal action where necessary to correct false and misleading narratives about its business.

About Binance

Binance is a leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 310 million people in 100+ countries for its industry-leading security, transparency, and unmatched portfolio of digital asset products. For more information, visit: https://www.binance.com

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Nasdaq Partners with Boerse Stuttgart’s Seturion for tokenized Settlement

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Nasdaq Partners with Boerse Stuttgart’s Seturion for tokenized Settlement

Nasdaq said it is working with Boerse Stuttgart Group’s tokenized settlement platform Seturion to connect its European trading venues to infrastructure designed to settle tokenized securities using distributed ledger technology.

According to Monday’s announcement, the collaboration will initially focus on structured products and aims to support faster settlement of tokenized assets across European capital markets.

Seturion supports multiple asset classes across public and private distributed ledger networks and allows transactions to be settled using either central bank money or on-chain cash. Boerse Stuttgart said the platform is intended to be open to a broader network of financial institutions across Europe.

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Under the partnership, Nasdaq will link its European trading venues to Seturion so that tokenized securities traded on those markets can be settled through the platform. The companies said they plan to expand participation to additional issuers, brokers and financial institutions over time.

The partnership aims to address fragmentation in Europe’s post-trade infrastructure, where securities settlement is handled by multiple national systems with differing rules and processes. By using distributed ledger technology, the companies say a shared platform could help reduce settlement times and operational complexity across European markets.

The European Central Bank in April said there was “an urgent need to integrate Europe’s fragmented capital markets, not only in the area of post-trade but also in supervision and other areas.”

The system is designed to operate within existing European regulatory frameworks, including MiFID II and the DLT Pilot Regime, which allow financial institutions to test distributed ledger technology in trading and settlement of tokenized securities.

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In February, Boerse Stuttgart Group said it would merge its cryptocurrency business with Frankfurt-based digital asset trading company Tradias as part of a strategy to expand its presence in institutional crypto markets.

Related: Kraken wins Kansas City Fed approval for limited master account access

Traditional exchanges push deeper into tokenized securities

Exchange operators are increasingly exploring tokenized versions of traditional securities as part of efforts to modernize capital market infrastructure.

Nasdaq said today that it was partnering with Kraken, a US-headquartered crypto exchange, and tokenization infrastructure provider Backed to develop a gateway aimed at supporting tokenized equities while preserving issuer control.

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In September, Depository Trust & Clearing Corporation said it plans to bring a subset of US Treasury securities onto the Canton Network, with the long-term goal of expanding tokenization to a broader range of assets eligible for custody at its subsidiary, the Depository Trust Company. The market infrastructure operator processed around $3.7 quadrillion in 2024.

In January, the New York Stock Exchange and its parent company Intercontinental Exchange said they were developing a platform for trading tokenized stocks and exchange-traded funds that would support 24/7 trading and blockchain-based settlement.

Last week, Intercontinental Exchange announced it had taken a board seat in OKX after investing in the crypto exchange and plans to offer NYSE-listed tokenized stocks and derivatives to OKX users starting in 2026.

Tokenized public equities have grown to about $1.01 billion in total onchain value, according to data from RWA.xyz.

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Source: RWA.xyz

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