The Depository Trust and Clearing Corporation began limited production trades of tokenised Russell 1000 stocks, exchange traded funds and US Treasuries this week, moving the world's largest securities depository from pilot planning into live settlement on blockchain rails for the first time.

South Korean chipmaker SK Hynix raised $26.5bn in an oversubscribed American depositary receipt sale that began trading on Nasdaq on Friday, and within the same trading window tokenised versions of its stock were already live across three separate blockchain networks. Ondo Finance issued the tokenis

Structured products are a mainstay of Asian wealth portfolios, and HSBC is one of the region's largest issuers of them. That makes the efficiency case unusually strong. Popular products such as autocallables and equity linked notes have busy lifecycles, with observation dates, coupon triggers and early redemption events that are currently tracked and reconciled separately by the issuer, paying agents and distributors. A digitally native note makes the token itself the single

The group is backed by the City of London Corporation and will spend the next year working on live tokenisation use cases across UK financial markets, starting with tokenised repo. Woolard, who spent eight years as chair of the Financial Conduct Authority before taking on the Champion role in April, is addressing the report to whoever holds the Chancellor's job next, a reminder that this is being built to outlast any one minister. The headline numbers are designed to focus mi

Barclays published a report with PwC on 9 July putting a number on something the UK tokenisation sector has mostly argued from instinct rather than evidence: what the technology is actually worth to the country. The answer, according to "Rewiring Finance: Tokenisation as a Catalyst for UK Growth", is up to £33bn in additional GDP per year by 2035, with roughly two thirds of that benefit landing outside financial services altogether. Just think about that, Most tokenisation c

After spending Tuesday at the London Blockchain Institutional Tokenisation Summit, hosted at DLA Piper, I came away with a different feeling from the one the report leaves you with. Not a contradiction of it, but a serious counterweight. In a room full of asset managers, custodians, market makers, platforms and lawyers, the mood was neither hype nor anxiety. It was practical, curious, and quietly confident. The prevailing view was that the UK's regulatory environment, and the

CryptoUK is the trade association for the UK cryptoasset and digital finance sector, and its response is worth reading precisely because it stops short of applause. The vision, it agrees, is the right one. Tokenisation can cut reconciliation costs, speed up settlement and collateral movement, strengthen ownership records and open up new issuance and post trade models. The practical issue, as CryptoUK frames it, is whether any of that can be translated into the concrete things

For anyone building in tokenisation in Britain, the hard question has never been whether the technology works. It is whether the UK will be a place worth building it in. A new report from UK Finance, the industry body for the country's banking and finance sector, offers an uncomfortable but useful a

The most important developments in tokenisation are rarely the loud ones. They tend to happen in the settlement layer, the part of finance almost nobody outside the back office ever thinks about, and they decide whether an idea that works in a pilot can survive contact with real institutional money.

For years, anyone building in tokenisation in the UK has had to plan around a moving target. The rules were coming, everyone agreed, but their shape was a matter of consultation papers and educated guesses. That ended on 30 June, when the Financial Conduct Authority published the final rules and gui

Settlement is the least glamorous word in finance and quite possibly the most important. It is the moment a trade actually completes, when cash and asset change hands and the deal becomes real. For decades that moment has taken days, propped up by a chain of intermediaries each taking a cut and addi

There is a neat circularity to the week ahead in New York. Securitize, the firm that turns funds run by BlackRock, Apollo and VanEck into blockchain tokens, is itself about to become a publicly traded share. On 29 June its merger partner holds the shareholder vote. If it passes, as expected, the com

On 30 June, something quietly ends for anyone who owns shares in a private British company. Until that date, trading those shares on the London Stock Exchange's Private Securities Market, the venue built under the UK's new PISCES regime, costs nothing in transaction fees. From 1 July, the first real

From 1 July, the largest crypto exchange in the world stops serving customers across the European Union. Binance has emailed users in Poland, Italy, Spain, France and elsewhere to say it can no longer accept new registrations and will restrict services for EU residents, after failing to secure a lic

For founders and investors. If you are a founder weighing up whether to tokenise your equity, or an investor trying to work out what you would actually be buying, this is the place to start. From a legal perspective, it covers: how tokenised equity works, what changes, what does not, and where the rules are heading. Tokenisation is a concept often met with much hype and little knowledge. At its core it is simple. A cryptoasset token is just shorthand for data held on-chai

The Bank of England, the Financial Conduct Authority and the Prudential Regulation Authority asked the market a very large question in May, and the window to answer it closes on 3 July. Their joint Call for Input, titled The Future of Tokenisation, sets out a shared vision for how tokenised assets s

The rails now reaching mainstream wallets are the same rails private and startup equity will eventually run on.

A dental technology company has put its shares on Solana through a Regulation S offering, and the UK adviser on the deal hints at where private capital formation is heading.

The first big test of tokenised equity exposed the gap between onchain demand and the real shares behind it.

The everything exchange now puts a public price on private companies before they list. For founders, the catch sits in what these contracts do not carry.