Franklin Templeton and Binance are working on an institutional trading structure that uses tokenized fund shares as collateral, aiming to cut counterparty risk while improving capital efficiency.
Goldman Sachs' Q1 13F filing shows it fully exited ~$154M XRP ETFs and all Solana ETF positions, trimmed Bitcoin and Ethereum ETF holdings (Ethereum down 70%), and boosted Circle (+249%) and Galaxy Digital (+205%) stakes, signaling a pivot from crypto funds to stocks.
a16z crypto's latest report reveals that while tokenized assets surged to $34 billion, over 70% lack native on-chain utility. Only 5% of tokenized Treasuries enter DeFi, exposing a composability gap.
Invesco is set to assume management of USTB, a tokenized US Treasury fund with more than $900 million in assets, while Superstate will continue to provide the blockchain infrastructure.
Despite a broader crypto slump and falling XRP prices, XRP exchange-traded products saw net inflows of 12.6 million XRP in early February, pushing total holdings to 755.5 million XRP. Issuers like Canary, Bitwise, and Franklin held large positions while Grayscale offloaded over 53 million XRP in a single week.
XRP spot ETFs have gone since April 9 without a single outflow day, bringing in $71.31 million in April and lifting cumulative net inflows back to $1.28 billion.
BlackRock and Janus Henderson have joined Grove's Basin platform, offering instant stablecoin liquidity for tokenized Treasury exits with $1 billion in daily capacity, starting with BUIDL and JTRSY funds.
US spot Bitcoin ETFs posted $290.4 million in net outflows on May 15, with all six active funds in the red. Spot Ether ETFs also lost $65.7 million, marking a fifth straight trading day of outflows.
