Tokenized Assets
The embattled Harbor Trade credit pool minted $1.5 million of DAI stablecoin secured with loans to a consumer electronics firm, which defaulted on $2.1 million of debt.
Ondo’s OUSG token, one of the largest on-chain tokenized Treasury products, has accrued $134 million of assets under management on Ethereum.
Crypto investors now effectively lend $614 million to the U.S. government via different tokenized Treasury products, according to real-world asset data firm RWA.xyz.
The infrastructure limitations of this sector include a lack of cross-chain asset support, expense in maintaining products due to high issuance costs and difficulty rebalancing on-chain products due to slippage.
Demand for tokenized versions of short-term U.S. government bonds has been increasing as crypto investors turn to real-world assets to earn returns on their investments.
- 07:19A certain whale transferred 32.52 million NEIRO from CEX, becoming the third largest whale in terms of on-chain holdingsAccording to a report by Jinse Finance, monitored by Spotonchain, in the past hour, the whale "0x22b7" transferred 32.52 million NEIRO from CEX, equivalent to approximately $3.01 million, accounting for 3.25% of the total supply, becoming the third largest whale in terms of on-chain holdings.
- 07:16Strategy Launches AI Data Management Solution Strategy MosaicStrategy (formerly MicroStrategy) has released an AI data management solution called Strategy Mosaic. It is reported that Mosaic will build a universal intelligence layer and launch AI Agents, without exposing sensitive data to the underlying large language model (LLM).
- 07:16Investment Firm Pearl Fund Launches $500 Million Bitcoin Fund Pearl Bitcoin FundUS investment firm Pearl Fund has announced the Pearl Bitcoin Fund, a $500 million Bitcoin fund. It is reported that the Pearl Bitcoin Fund will be the first investment fund in the US that can exempt Bitcoin investment from capital gains tax. Its solution allows investors to obtain tax-free Bitcoin appreciation after a 10-year holding period, a feature currently unavailable in Bitcoin ETFs.