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Crypto

Tradeweb processes real-time trading of tokenised U.S. Treasuries on Canton network

Tradeweb processed a real-time on-chain transaction in tokenised U.S. Treasuries on the Canton Network, the article said. Franklin Templeton transferred tokenised U.S. Treasuries to Virtu Financial, with payment settled using tokenised cash based on USDCx, a USDC-linked stablecoin issued on Canton, according to a recent Cointelegraph report. Tradeweb handled execution and price discovery, while Canton synchronised asset and cash settlement. The deal size was not disclosed.

Crypto

Digital Asset raises $355 million led by a16z at $2 billion valuation

Digital Asset Holdings raised $355 million at a valuation of about $2 billion. The funding round was led by a16z Crypto, which invested $100 million, with participation from 7RIDGE, Abu Dhabi Investment Authority, Citadel Securities and Optiver. Digital Asset plans to use the proceeds to expand the Canton Network, which supports financial institutions in tokenising and settling securities without disclosing sensitive commercial data.

Crypto

Europe stablecoins ride MiCA as Evernodes flags XRP Ledger adoption

Regulated banks are using public blockchains, including XRP Ledger, as digital-asset infrastructure, with the next 18 months hinging on which chains and regulatory frameworks support broader adoption, an analysis showed. Evernodes cited Societe Generale’s euro-pegged stablecoin EUR CoinVertible, issued by its unit SG-Forge and running on several blockchains. It said the EU’s Markets in Crypto-Assets regulation provides clearer standards and could underpin a gradual buildout.