India plans first tokenized bonds using wholesale CBDC: Report
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Citi, DBS complete first weekend tokenized cross-border deposit on Swift
Citi and DBS completed their first tokenized cross-border transfer over the weekend, using Swift’s blockchain-based ledger to circumvent the constraints of traditional banking hours.
India launches tokenized bond pilot with $107M issued
SEBI said later phases of Demat 2.0 will introduce secondary trading and open the tokenized bonds to retail investors.
Ondo Perps has officially launched, becoming the first perpetual contract platform to support tokenized stocks as margin for derivatives.
ChainCatcher reports that Ondo Perps has officially launched and is now open to non-US investors. As the first perpetual contract platform to support tokenized stocks and stablecoins as collateral for derivatives, Ondo Perps aims to drive the on-chain derivatives market into a new era of capital efficiency. Its core advantages include: tokenized stocks as collateral, eliminating the need to maintain separate cash reserves across multiple platforms; market depth comparable to traditional finance, achieving extremely low spreads and slippage; and execution speed comparable to top-tier crypto CEXs, with real-time processing of order routing, margin updates, and settlement, while ensuring decentralization. Currently, Ondo Perps supports assets including stocks, indices, and commodities such as SPCX, MU, NVDA, TSLA, AAPL, gold, and crude oil, offering leverage up to 20x and providing 24/7 trading for global investors. Ondo Perps is built on Ondo Finance technology, with Ondo Global Markets providing the underlying tokenized stock infrastructure, and a total TVL exceeding $1 billion. Ondo Perps, as the next layer of the ecosystem, enables tokenized assets to not only remain in the holding stage, but also to function as collateral on a unified trading platform.
South Korea plans to establish a Future Fund using tax revenue from its semiconductor industry.
Odaily Odaily reports that South Korean Presidential Chief of Staff Kang Hoon-sik stated on Sunday that the government plans to establish a Future Response Fund using the additional tax revenue generated by the semiconductor industry boom. The fund will be used to invest in economic growth engines, support the younger generation, and address growing social inequality. The government will utilize the "Future Response Fund" to finance major national investment projects and enhance the country's long-term competitiveness. (Jin Shi)
Is the first humanoid robot company to go public on the A-share market coming? Unitree Robotics' IPO registration on the Science and Technology Innovation Board has been approved, with plans to raise 4.202 billion yuan.
According to Odaily Odaily on July 6, the Shanghai Stock Exchange website shows that the IPO application status of Unitree Technology Co., Ltd. on the Science and Technology Innovation Board has changed to "registration effective". It is reported that Unitree Robotics plans to issue no less than 40.4464 million new shares in its IPO, accounting for no less than 10% of the total share capital after the issuance, with a planned total fundraising amount of 4.202 billion yuan. According to the prospectus, from 2023 to 2025, the company's operating revenue was 159 million yuan, 393 million yuan, and 1.699 billion yuan, respectively, and its net profit was -11.1451 million yuan, 95.4747 million yuan, and 278 million yuan, respectively, making it one of the few profitable high-performance general-purpose robot companies globally. (Bianews)
Coinbase: Advancing its "One Asset, One Market, One Platform" strategy in the first half of the year
Odaily Odaily reports that Coinbase released its monthly review on July 1st, stating that in the first half of the year, it advanced its product portfolio around the principle of "one asset, one market, one platform," covering tokenized stocks, pre-IPO perpetual contracts, stock options, crypto options, stock index perpetual futures, AI tools, payments, stablecoins, and on-chain infrastructure. Coinbase stated that its tokenized stocks are 1:1 backed by US company stock and are expected to include dividends, on-chain trading, holding, and redemption features, but are not available to US users. Coinbase also stated that its pre-IPO perpetual contracts will begin with SpaceX, then expand to OpenAI and Anthropic, and will offer crypto options through Deribit integration. Coinbase CEO Brian Armstrong stated on July 3rd that Coinbase is one of the companies with the highest level of AI adoption globally. Coinbase also stated that it has launched a direct INR channel in India, become the official deployer of Hyperliquid's USDC treasury wallet, and is partnering with Ethena on assets exceeding $5 billion. It also mentioned transferring approximately $4.4 billion in USDC to Hyperliquid. (Bitcoin.com News)