Crypto Long & Short: Tokenized equities: the model underneath the trade

In this week's Crypto Long & Short, CoinDesk's Joshua DeVos writes that demand for tokenized equities is accelerating fast, from $16 billion to more than $590 billion in perpetual futures in a single year, but that the headline growth hides the question that matters most.

The evidence doesn't support the banks' case against stablecoin rewards

Dallas Fed warns tokenized deposits could strip $700 billion from U.S. banks' lending capacity

Programmable deposits and AI agents may enable instantaneous, automated bank switching for higher yields, driving up bank funding costs.

The 3 catalysts that could define bitcoin's next move

Your day-ahead look for Aug. 26, 2026

Euro stablecoins get a mainstream push as Revolut begins rolling out EURR in Europe

Revolut said the stablecoin’s rollout will start with a select group of customers within Denmark, Poland, and Portugal.

Japan to start stocks and bonds tokenization development plans this year

Japan's regulators are racing to modernize national settlement systems to prevent institutional investors and foreign capital from fleeing to overseas markets.

Revolut rolls out euro stablecoin in 3 European markets

The Bridge-issued EURR token will support multiple blockchains and external wallets, with wider EEA availability expected this year.

Bitcoin ETFs tear through 2026 outflows in 7-day hot streak

The funds are $390 million short of October 2025’s inflow total after cutting their year-to-date net outflow deficit by more than half.

XRP’s 44% rally brings leverage back, raising risk of sharper pullback

CryptoQuant data show XRP’s estimated leverage ratio on Binance at its highest since January, with long accounts outnumbering shorts as futures volume runs more than five times spot trading.

Crypto greed gauge hits highest since just before October’s $19 billion wipeout

The Fear & Greed Index reached 74 on Tuesday after sitting at 27 less than two weeks ago, showing how quickly traders have gone from caution to chasing risk.

US state banking groups plan nationwide blockchain network for 2027

BankChain joins a growing field of bank-led networks building shared infrastructure for tokenized deposits and onchain payments.

Bitcoin holds $79,000, ether, solana slip as traders bank a week of gains

Every major token fell over 24 hours except HYPE, though bitcoin holds a 23% weekly gain and XRP almost 45%.

U.S. state banking associations plan to launch their own nationwide blockchain network

The "BankChain Alliance" is aiming for a 2027 launch, and would foster stablecoins, payments and tokenized deposits inside the banking system's regulatory sphere.

World Liberty Financial launches USD1 natively on Canton Network

USD1 is the sixth-largest stablecoin, with a market capitalization of more than $4 billion, according to industry data.

South Korea trade giant POSCO brings trade receivables to Avalanche in latest tokenization move

The $22 billion trading company worked with Olea and Intain on the transaction, following an Injective pilot with LG CNS last month.

Solana transactions hit record 4.2B as SOL rallies 40%

Tokenized real-world assets on Solana are nearing $4 billion as network activity accelerates alongside a broader recovery in crypto markets.

Bitwise launches self-custodied tokenized stock portfolios with Coinbase

Bitwise’s new portfolios automatically rebalance Coinbase tokenized stocks while allowing eligible non-US investors to keep the assets in their own wallets.

LayerZero unveils trading infrastructure for crypto and tokenized markets, ZRO surges

The trading infrastructure runs on LayerZero's Zero blockchain, backed by Citadel Securities with DTCC and ICE exploring institutional market applications.

Bitwise turns Coinbase's tokenized stocks into automated AI, robotics and tech portfolios

The crypto ETF issuer is pushing deeper into onchain asset management as tokenization create new ways to build and manage investments.

Arcus launches tokenized perp positions on Robinhood Chain

Arcus introduced transferable ERC-20 tokens for perpetual positions and lets tokenized stocks back leveraged trades without requiring users to sell their holdings.