Banks, crypto platforms and NYSE converge on tokenization and stablecoins
- —Six Canadian banks including CIBC, BMO and RBC explore tokenized CAD deposits
- —Binance bought 1,237,011 Circle shares for $100M and signed a 5-year USDC deal
- —NYSE Group and Blockchain.com signed an MOU on tokenized stocks and ETFs
- —Cross-border stablecoin transfers hit $220.3B over the year, up 77.5%
Why it matters: The convergence of TradFi and crypto around tokenized deposits and equities accelerates institutional adoption of stablecoins and RWAs.
Source: Journal du Coin