北京：鼓励发展Token（词元）经济，加大算力券等支持力度
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Asset management giant Vanguard is hiring its first head of digital assets to evaluate strategies including tokenization and stablecoins.
PANews reported on July 8th that, according to Bitcoin Magazine, Vanguard, the world's second-largest asset manager (with approximately $12 trillion in assets under management), has created its first-ever Head of Digital Assets position, responsible for developing the company's long-term crypto and blockchain strategy. This role will evaluate areas such as tokenization, stablecoins, digital wallets, custody, and blockchain settlement, and determine whether Vanguard should build its own capabilities, partner with external entities, or postpone entry into certain markets. The position will involve developing multi-year roadmaps and designing governance and risk frameworks. Vanguard stated that this hiring does not indicate an upcoming launch of crypto products and that it currently has no plans to issue its own crypto investment vehicles.
Eighteen wallets dumped 372 million TAC tokens on-chain in the early hours of the morning, causing TAC to plummet by 91%.
PANews reported on July 8th that, according to on-chain analyst Yu Jin, since early this morning, 18 wallets have been dumping TAC on-chain, causing TAC to plummet by 91% ($0.05 to $0.0045). These wallets sold a total of 372 million TAC in exchange for 1.78 million USD1, selling the tokens after they were transferred from the TAC chain to the BSC chain. This dumping tactic is similar to SIREN a month ago and AKE yesterday, and may be manipulated by the same "cause group".
Castle Labs: LIT surges over 80%, primarily driven by token economic updates and partnership with Robinhood.
PANews reported on July 7th that, according to Castle Labs, the Lighter ecosystem token LIT has surged by over 80% in the past 30 days. On June 30th, Lighter announced an updated token economic model, burning approximately 15.5 million LIT (6.3% of the total supply) repurchased with protocol revenue. Based on the current staking scale of 125 million LIT, the target annualized staking yield is 6%, with an expected annual allocation of 7.5 million LIT. Simultaneously, Lighter partnered with Robinhood Wallet, which will provide contract trading using USDG as the denominated asset through Lighter instances deployed on the Robinhood Chain.
Upbit will list its OPG token on the Korean won market.
PANews reported on July 7 that, according to an official announcement, South Korean crypto exchage Upbit will list the OPG token on the Korean won market.
Securitize raises $400 million in funding to expand its institutional tokenization business through acquisitions.
PANews reported on July 6th that, according to CoinDesk, NYSE-listed Securitize (SECZ) plans to use over $400 million to expand its institutional tokenization platform through acquisitions of complementary businesses, rather than acquiring competitors. Securitize previously merged with Cantor's SPAC, retaining approximately 70% of the trust funds, raising over $400 million in total. Since its founding in 2017, the company has issued approximately $4.4 billion in tokenized assets, including BlackRock's $2.2 billion U.S. Treasury money market fund BUIDL and nearly $300 million in Securitize's own tokenized shares, making it one of the largest issuers of tokenized assets.
New York Life Asset Management executive: The biggest opportunity for tokenization lies in personalized investing.
PANews reported on July 5th, citing Coindesk, that Thomas Sy, Head of Multi-Asset Solutions at New York Life Investment Management (NYLIM), which manages $800 million in assets, stated in an interview that blockchain could ultimately enable asset management firms to tailor portfolios for individual investors on a large scale—something the current financial system cannot achieve. "We believe the future of asset management lies in personalization. And the only technology that can help us achieve this at scale is blockchain." Personalized investment strategies often combine ETFs, bonds, private credit, and other assets, creating operational complexity that makes personalization difficult to scale. Tokenization can simplify transfer brokerage, settlement, and other back-office processes, reducing costs and ultimately benefiting investors.