# Сопутствующие статьи по теме Settlement

How Ondo Finance plans to bring tokenized US stocks to Solana

Ondo Finance plans to launch tokenized US stocks and ETFs on Solana in early 2026, expanding its existing product line to the blockchain. These tokens will be fully backed by underlying securities held with US-registered broker-dealers, providing holders with economic exposure—including dividends—but not shareholder rights. Minting and redemption will operate 24/5, while transfers and trading can occur 24/7. Solana’s Token Extensions, such as Transfer Hooks, will enforce compliance by embedding eligibility checks and jurisdiction-based restrictions directly into the tokens. The initiative targets non-US eligible investors and requires KYC verification. Chainlink oracles will provide real-time pricing data, including corporate actions. The goal is to combine traditional equity exposure with crypto’s speed and accessibility, though regulatory scrutiny remains a key consideration.

cointelegraph12/24 10:27

Here’s How Many Transactions XRP Must Process To Reach A $2,000 Price Tag

Crypto analyst Rob Cunningham outlines the conditions for XRP to reach a $2,000 valuation, emphasizing it would need to process sovereign-scale settlement volumes. He states XRP must handle $200 trillion in value and up to $2 quadrillion in daily transactions at that price, effectively eliminating liquidity stress and making the cost of capital near zero. Cunningham explains that beyond the $1,500–$3,000 range, XRP would be valued based on functional utility rather than conventional pricing, repricing rapidly like infrastructure. He predicts a three-phase acceleration pattern driven by regulatory clarity, future value compression, and institutional adoption, comparing XRP’s potential rise to historic economic shifts such as oil discoveries.

bitcoinist12/24 06:35

How Wall Street is using Ethereum without talking about Ethereum

Wall Street is increasingly adopting Ethereum's infrastructure for its cryptocurrency aspects but as a foundational utility for financial operations. Key drivers include the automation of settlement via smart contracts, enabling T+0 instant settlement and reducing manual processes. Stablecoins, particularly after the 2025 GENIUS Act, serve as a regulated digital dollar entry point, allowing continuous transfers. Major institutions like JPMorgan and BlackRock use Ethereum for tokenized funds and real-world assets, leveraging it as a distribution layer for enhanced liquidity and operational efficiency. Despite this widespread use, firms often avoid naming Ethereum directly, referring instead to neutral "onchain" or "programmable" infrastructure, highlighting its role as invisible yet essential financial plumbing.

cointelegraph12/23 13:27

Tron Stablecoin Volume Exceeds XRP Activity By More Than 10 Times: Data

Tron's USDT and USDC stablecoin transfer volume has surged, now exceeding the entire XRP network's activity by more than ten times, according to Glassnode data. The 90-day average for Tron's stablecoin volume stands at $24.2 billion daily, compared to XRP's $2.2 billion. This highlights Tron's significant role as a core settlement layer for stablecoins. Furthermore, stablecoins dominate overall crypto transaction volume. Combined, USDC and USDT process $192 billion daily, nearly double the volume of the top five non-stablecoin assets. USDC leads all assets at $124 billion, followed by Bitcoin ($81B) and USDT ($68B). XRP ranks sixth with its $2.2 billion volume, behind Solana and Ethereum. Meanwhile, XRP's price is trading around $1.93.

bitcoinist12/23 05:15

Ripple Chiseled a Crack in the Wall, but Swift Tore Down the Entire Wall

At the Sibos 2025 conference, Swift announced the integration of a blockchain-based shared ledger into its infrastructure, built on Consensys' Ethereum Layer-2 network Linea, to enable secure, real-time, and interoperable digital finance. This move, supported by major banks like JPMorgan and Citibank, aims to bridge traditional finance with tokenized assets using zk-EVM technology for faster, cheaper, and more transparent settlements. While Ripple pioneered blockchain-based cross-border payments with XRP Ledger and achieved significant legal and operational milestones—including court victories against the SEC and expansion into 40+ markets—its reach remains limited compared to Swift’s global network of over 11,000 institutions. Ripple’s model relies heavily on XRP as a bridge currency, whereas Swift’s asset-agnostic approach supports multiple currencies, stablecoins, and CBDCs, reducing dependency on any single asset. Swift’s adoption of blockchain signals a major shift in global finance, potentially freeing trillions in trapped capital and enabling 24/7 real-time settlement. This transition from legacy systems to mathematically verified transactions represents a convergence of TradFi and DeFi, positioning Swift to dominate the next era of value transfer.

marsbit12/23 03:27

Ripple Chiseled a Crack in the Wall, But Swift Tore Down the Entire Wall

At the Sibos 2025 conference, Swift announced a major evolution of its financial infrastructure by integrating a blockchain-based shared ledger to support tokenized assets and enable secure, real-time, and interoperable global transactions. The new system, built on Consensys' Ethereum Layer 2 network Linea, uses zk-EVM rollup technology to reduce costs and settlement times while meeting banking security standards. Over 30 major banks, including JPMorgan and Citibank, are participating in the pilot. The article reflects on Ripple’s long-standing effort to challenge traditional cross-border payments using XRP and RippleNet, which has seen adoption in retail and corporate remittances despite earlier regulatory challenges. However, Swift’s move represents a broader and more systemic shift. Unlike Ripple’s XRP-dependent model, Swift’s ledger is asset-agnostic, supporting CBDCs, stablecoins, and fiat currencies, and leverages its existing network of over 11,000 institutions. This transition marks a convergence of traditional and decentralized finance, enabling 24/7 settlement, reducing reliance on pre-funded accounts, and potentially freeing up trillions in trapped capital. By adopting a neutral, interoperable, and highly scalable blockchain framework, Swift is positioned to redefine global value transfer—moving from a legacy telegraphic model to a digitally-native, mathematically-verified system.

深潮12/23 02:52

Tokenized US Treasurys surge 50x since 2024, marking shift toward on-chain finance

Tokenized US Treasurys have experienced explosive growth, surging 50x from under $200 million in January 2024 to nearly $7 billion by late 2025. This rapid expansion is driven by rising institutional demand for on-chain yield and marks a significant shift toward blockchain-based finance. BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) leads this market with almost $2 billion in assets, offering daily yield accrual and on-chain settlement. Other key products include offerings from Circle, Superstate, and Ondo Finance. Tokenized Treasury bills are becoming a crucial gateway for institutional DeFi adoption, combining the safety of US government debt with the efficiency of blockchain settlement. They are increasingly used for collateral management, margining, and improving capital efficiency.

cointelegraph12/22 17:10

Crypto Exec Warns Tokenization Is Moving Faster Than Expected

bitcoinist12/22 13:32

Binance let suspicious accounts move millions after $4.3B US plea deal: Report

Binance reportedly allowed 13 suspicious accounts to move approximately $1.7 billion in crypto, including $144 million after its November 2023 $4.3 billion plea deal with U.S. authorities. Internal documents show accounts from Venezuela, Brazil, Syria, Niger, and China exhibited red flags, such as a Venezuelan account receiving $177 million and changing bank details 647 times in 14 months. Another account, accessed from Caracas and Osaka within 10 hours—a physical impossibility—processed $93 million. The activity raises questions about Binance's compliance upgrades promised in its settlement, which included enhanced monitoring and due diligence. The report follows former President Trump’s pardon of Binance founder Changpeng Zhao in October.

cointelegraph12/22 13:29

Understanding Tokenization: Distinguishing the DTCC Model from the Direct Ownership Model

The article clarifies the key differences between two distinct tokenization models in the securities market: the DTCC model and the direct ownership model. The DTCC model, recently approved by the SEC, involves tokenizing "security entitlements" within the existing, multi-layered intermediary system. It creates a digital twin of these rights on a blockchain to improve operational efficiency, enable 24/7 transfers between institutions, and reduce costs, all while preserving the core benefits of the current system, such as netting and centralized liquidity. Crucially, it does not tokenize the underlying shares themselves, and ownership remains indirect. In contrast, the direct ownership model tokenizes the shares themselves, recording ownership directly on the issuer's share registry. This approach enables self-custody, peer-to-peer transfers, and full composability with on-chain DeFi applications. While this model sacrifices the efficiency of netting and leads to fragmented liquidity, it offers unprecedented functionality and disintermediation. The article concludes that these are not competing visions but complementary paths serving different needs. The DTCC model modernizes the core of the public markets for institutional scale and stability, while the direct ownership model fosters innovation at the edge. The ultimate winner is investor choice, as both paths will coexist, offering a broader market interface with more options for all participants.

marsbit12/22 12:36