On-chain Markets

Kraken

2026-10-07 06:27:48

Kraken co-CEO says investor interest is rising fast in AI-linked tokenized stocks

Kraken co-CEO Arjun Sethi said investor demand in crypto is shifting beyond traditional spot trading and into a wider set of products, including perpetual futures, pre-IPO companies, and tokenized equities. In comments made during a CNBC interview, Sethi said stocks tied to the AI boom are drawing particular attention as this new capital rotation takes shape. He also said open, permissionless on-chain markets can give global investors access to asset exposure that was previously constrained by geography and by the limits of traditional financial infrastructure. The remarks point to a broader expansion in what crypto market participants are looking to trade, with tokenized stock exposure emerging as one of the areas now attracting stronger interest.

260

Hyperliquid

2026-10-07 03:45:18

Hyperliquid founder says HIP-3 gained traction by widening access to financial markets

Hyperliquid founder Jeff Yan said during a TOKEN2049 Week conversation in Singapore on Oct. 7 that the strong reception for HIP-3 points to clear product-market fit in the segment. He said users have shown a willingness to move away from existing financial products and try new on-chain markets, which in his view suggests there had been a sizable supply gap and also reflects trust in the execution capabilities of market deployers. Yan said one of the most notable shifts over the past year has been the rise of markets that let users access trading opportunities that were previously out of reach. In the discussion, crude oil and Pre-IPO perpetual contracts tied to real-world assets were cited as important use cases for HIP-3. He also said Hyperliquid wants to position itself as open protocol infrastructure that other financial products and applications can build on, rather than competing directly with front-end platforms. According to Yan, Builder Codes lets developers launch products such as mobile apps and institutional trading terminals without building matching and liquidation systems from scratch, while connecting directly to Hyperliquid’s markets and liquidity.

240

a16z crypto

2026-09-29 13:04:50

a16z crypto says blockchains are helping market supply catch up with global demand

a16z crypto said one of blockchain’s core strengths is its ability to create entirely new markets. In its view, permissionless issuance and global distribution remove several long-standing constraints found in traditional finance, including listing committees, legal frameworks, and geographic fragmentation. That shift allows market supply to align more closely with potential demand around the world. The firm said this mechanism has benefited many of crypto’s best-known market segments, including perpetual futures, spot decentralized exchanges, prediction markets, lending, meme coins, NFTs, and tokenized real-world assets. It described perpetuals as the clearest example of the trend, adding that on-chain RWA perpetual trading reached an annualized $1.4 trillion in July this year, or about half of Hyperliquid’s volume. With mechanisms such as HIP-3 and HIP-4 lowering the barriers to launching markets, a16z crypto expects on-chain markets to expand into commodities, foreign exchange, indexes, 24/7 stock exposure, and risk assets such as CPI, compute power, music, social trends, and sports that previously lacked mature financial expression.

410

a16z crypto

2026-09-29 13:05:54

a16z crypto says blockchains create new markets through permissionless issuance

a16z crypto said one of the core values of blockchains is their ability to create entirely new markets. In a post cited by ChainCatcher, the firm argued that permissionless issuance and global distribution remove long-standing constraints found in traditional finance, including listing committees, legal structures, and geographic fragmentation. That setup, it said, allows market supply to match global demand more effectively. The firm said many of crypto’s best-known market categories have grown under that model, including perpetual futures, spot decentralized exchanges, prediction markets, lending, meme coins, NFTs, and tokenized real-world assets. Among them, perpetuals were described as the clearest example of the trend. According to a16z crypto, annualized on-chain RWA perpetual trading volume reached $1.4 trillion in July, accounting for about half of Hyperliquid’s volume. It added that lower issuance barriers under mechanisms such as HIP-3 and HIP-4 could push on-chain markets into commodities, foreign exchange, indexes, 24/7 stock exposure, and risk assets that previously lacked mature financial expression, including CPI, computing power, music, social trends, and sports.

390

ECB

2026-09-21 10:11:43

ECB launches Pontes to connect its payment rails with blockchain-based markets

The European Central Bank has launched a service called Pontes that links its payment system with blockchain-based financial markets, according to Reuters. The setup allows banks and investors to settle on-chain transactions using euros backed by the ECB, instead of relying on stablecoins or other privately issued forms of money. Reuters said the first participants include Deutsche Bank, Santander and clearing institution Clearstream. In its initial phase, the service will operate on working days from 8:00 to 16:00 Central European Time. The move centers on settlement infrastructure and gives participating institutions a way to use central bank-backed money in blockchain-based market activity through the ECB-connected payment framework.

460

Morpho

2026-09-09 09:06:11

Morpho stablecoin strategies show a 3.74-point yield gap under the same curator

A detailed analysis published by MarsBit argues that a yield gap inside Morpho’s stablecoin lending ecosystem is being driven by risk allocation and product design rather than token incentives. Using data from Morpho’s interface captured on Sept. 8, 2026, the article compares three layers of exposure linked to Steakhouse Financial: the conservative Steakhouse USDC vault with a 7-day average APY of 3.96%, the Steakhouse High Yield USDC vault at 5.09%, and direct supply to a single Ethereum market, USDC / PT-reUSD-10DEC2026, with an implied 7-day supply yield of about 7.7%. The author says the extra return is not hidden spread capture or emissions farming. Instead, depositors who bypass curated vaults are taking on risks that conservative products avoid, including single-collateral concentration, weaker liquidity on exit, and the loss of monitoring and reallocation by professional managers. The piece also lays out how displayed rates can overstate realizable returns, since pool utilization drops when new capital enters. The article discloses that its author built the Vane tool, which charges a small fee per transaction, and sets out specific entry checks and exit signals. Those include monitoring collateral maturity, withdrawable liquidity, changes in verified curator participation, and whether the direct-market yield premium over a conservative vault narrows below 2 percentage points.

1150

Robinhood Cry

2026-09-09 00:20:06

Robinhood says stock-token TVL on Robinhood Chain reaches $150 million

Robinhood Crypto said in a post on X that the total value locked, or TVL, of Robinhood stock tokens on Robinhood Chain has reached $150 million. The company also said global markets are moving on-chain. The update was cited by Odaily in a Sept. 9 newsflash. No further details were provided in the brief post, and the statement focused on the latest TVL figure and Robinhood Crypto’s view that market activity is shifting onto blockchain-based infrastructure. The report did not include additional breakdowns, timelines, or token-level data beyond the disclosed TVL amount.

870

CZ

2026-08-23 10:05:54

CZ to attend EASY Residency Season 4 Demo Day in Bhutan as YZi Labs opens Season 5 applications

Binance founder Changpeng Zhao, widely known as CZ, said on Aug. 23 that the Demo Day for Season 4 of EASY Residency will be held next week in Bhutan and that he will attend in person. The event is organized by YZi Labs and serves as a showcase for projects from its incubation program. At the same time, YZi Labs said applications for Season 5 are now open, with a submission deadline of Sept. 13. The firm said it is looking for founders working across four focus areas: programmable capital and on-chain markets, AI infrastructure and the compute economy, AI interfaces and the consumer layer, and AI x biology and programmable science. The update outlines both the upcoming in-person event for Season 4 and the application window and thematic focus for the next cohort.

1570