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Crypto
Standard Chartered sees RWA tokenisation market growing to $4 trillion by 2028
The on-chain tokenised asset market could expand to $4 trillion by the end of 2028, a forecast showed. Standard Chartered expects stablecoins and real-world asset (RWA) tokenisation to split the growth drivers evenly, with each reaching $2 trillion. The bank cited composability in decentralised finance as a key factor and pointed to examples such as a tokenised U.S. Treasury fund. It also highlighted potential inflows from institutional assets moving on-chain.
Crypto
EBay rejects $56 billion GameStop bid, spotlight returns to bitcoin strategy
EBay rejected GameStop’s $56 billion takeover proposal, bringing renewed market attention to GameStop’s bitcoin exposure. The EBay board declined a $125-per-share offer split evenly between cash and stock, citing doubts about credibility and financing. EBay shares traded well below the offer price. GameStop holds about $368 million in bitcoin exposure via a covered call strategy and moved most of 4,709 BTC to Coinbase Prime, recorded as receivables.
Crypto
21Shares launches first U.S. spot Canton Network ETF, lists TCAN on Nasdaq
Asset manager 21Shares has listed TCAN, the first U.S. spot exchange-traded fund linked to Canton Network’s native token, Canton Coin (CC), on Nasdaq. The product aims to give U.S. investors a regulated way to invest in the Canton Network ecosystem. The fund is called the 21Shares Canton Network ETF and charges a 0.50 percent annual fee. The Canton Network is backed by a consortium involving Goldman Sachs, Microsoft and Deutsche Bank Japan.
