
Ondo Scraps Its Own L1 for the Ondo Network
Ondo dropped the layer-1 chain it announced in February 2025 for a private execution layer that settles on public chains, starting with perps.
Altcoins, ETH & general crypto

Ondo dropped the layer-1 chain it announced in February 2025 for a private execution layer that settles on public chains, starting with perps.

Amanah Advisors certified Tether's gold-backed XAUโฎ as Shariah compliant, opening it to Islamic banks. Two sources give different figures for the token's size.

Abu Dhabi's Mubadala Capital put one of its private-markets strategies onchain with about $75M at launch, and Coinbase took exposure on its own balance sheet.

BlackRock's tokenized fund BUIDL went from about $464 million to over $900 million on Avalanche in seven days, close to a third of its $2.87 billion total.

Backpack began trading actual US shares every day of the year, starting with SpaceX, Micron and SanDisk, convertible 1:1 into tokenized versions on Solana.

Kraken opened 10 tokenized stocks and ETFs as collateral for margin and futures, with 10% to 30% haircuts and caps up to $1M. Not available in the United States.

New York Life Investment Management, which manages $807 billion, launched its first tokenized product with Centrifuge: an on-chain high-yield corporate bond portfolio bought and sold in USDC. It moves Wall Street tokenization past Treasuries and into credit.