RWA
Traditional Finance Giants Accelerate RWA Infrastructure Build-Out: Mastercard Completes First Cross-Border Tokenized Treasury Redemption, Citi Launches Private Equity Tokenization Service
Mastercard, in partnership with JPMorgan, Ondo Finance, and Ripple, has completed a pilot for the first cross-border tokenized treasury redemption, entering the institutional on-chain off-ramp market. Concurrently, Citi has launched a new service allowing institutional clients to trade tokenized private company equity via blockchain. These developments signal traditional financial institutions' deep engagement in RWA infrastructure, driving private asset digitization and liquidity enhancement.
Tokenized Treasuries Surpass $14.6 Billion as Wall Street Shifts from Pilots to Production
The tokenized U.S. Treasury market has reached $14.6 billion as Wall Street institutions move beyond proof-of-concept trials and begin treating Ethereum as production-grade infrastructure. Major financial firms are now exploring tokenized stocks, bonds, funds, and real estate as mainstream applications rather than experimental technology.
SpaceX Completes Largest IPO in History, Valuation Surpasses $2 Trillion as Musk Becomes World's First Trillionaire
SpaceX debuted at $135 per share and closed up 19% at $160.95 on its first trading day, briefly reaching a market capitalization of $2.3 trillion. The record-breaking IPO made Elon Musk the world's first trillionaire and delivered massive returns to early investors.
SpaceX Completes Largest IPO in History, Valuation Surpasses $2 Trillion on First Day
SpaceX priced its $75 billion IPO at $135 per share and closed up 19% on its first day of trading, pushing its valuation past $2 trillion and making Elon Musk the world's first trillionaire. Trading platform Robinhood experienced brief outages due to record traffic, while SpaceX president hinted at a possible merger with Tesla.
SpaceX Completes Largest IPO in History, Raising $75 Billion at $135 Per Share
SpaceX has completed the largest IPO in history, pricing shares at $135 and raising $75 billion at a valuation of approximately $1.77 trillion. Institutional demand reached nearly four times oversubscription, though Senator Warren has raised governance concerns and requested SEC delays.
Traditional Finance Accelerates Onchain Credit Push as Morpho Raises $175M
Blockchain lending protocol Morpho secured $175 million in funding co-led by Paradigm, a16z crypto, and Ribbit Capital to build foundational infrastructure for onchain credit markets. With over $11 billion in deposits and institutional clients including Galaxy, Anchorage Digital, Bitwise, and major exchanges like Coinbase and Kraken, the raise underscores growing institutional interest in blockchain-based financial infrastructure.
Cipher Digital Raises $810M in Junk Bonds to Fund Amazon-Leased Texas Data Center
Former crypto miner Cipher Digital secured $810 million through a junk bond offering to complete its Stingray data center in Texas, which is under a 15-year lease with Amazon, highlighting the trend of high-risk debt financing in AI infrastructure buildout.
Artemis Launches Enhanced Stablecoin Analytics Tool with Multi-Dimensional Market Insights
Blockchain data analytics platform Artemis has released an upgraded stablecoin analysis tool featuring expanded core metrics, industry categorization, and market performance tracking to provide refined data insights for the growing stablecoin market.
SpaceX Cuts IPO Valuation to $1.8 Trillion, Sparking Asian Supply Chain Investment Wave
SpaceX has revised its IPO target valuation downward from $2 trillion to $1.8 trillion, though it still aims to achieve the largest public offering in history. This adjustment is forcing Wall Street to reorganize resources while directing investor attention toward Asian supply chain companies poised to benefit from the tech boom.