India launches tokenized bond pilot with $107M issued
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India plans first tokenized bonds using wholesale CBDC: Report
India plans to test tokenized corporate bonds in a September pilot, with state-controlled REC issuing the debt and select investors using wholesale CBDC payments.
New York Life's asset management division launches tokenized bond fund
According to Foresight News , citing CoinDesk, New York Life Investment Management, the asset management arm of New York Life Insurance Company, has partnered with Centrifuge to launch a tokenized U.S. high-yield corporate bond strategy. The fund, named NYLIM Anemoy U.S. High Yield Corporate Bond Isolated Portfolio (HYB), is the company's first tokenized investment product. Eligible investors will be able to subscribe to and redeem shares using USDC.
Bybit launches Bank Triparty, enabling borrowing USDT using USD and US Treasury bonds as collateral to improve institutional funding efficiency.
ChainCatcher reports that Bybit has officially launched Bank Triparty, providing institutional clients with lending services backed by collateralized assets held in escrow by banks. Eligible institutions can independently deposit their collateralized assets with partner banks to obtain financing without altering their existing trading strategy infrastructure.
Shinhan Asset Management partners with Plume on tokenized fund pilot
Shinhan Asset Management and Plume will test a tokenized fund using a Korean won-denominated ultra-short-term bond fund as its underlying asset.
Citrini Analyst: China's CXMT tests pilot production line for bonding DRAM; South Korean media claims its technology and development speed may be ahead of its South Korean rivals.
According to a Odaily by Citrini analyst Jukan on the X platform, South Korean media reports that China's CXMT is currently testing a bonded DRAM pilot production line in Hefei, aiming to achieve high-performance DRAM without using EUV lithography. Bonded DRAM is a technology that manufactures the memory cell array and peripheral circuitry on separate wafers and then bonds them together. This method can produce ultra-high-density DRAM using only multi-patterned deep ultraviolet (DUV) lithography, without requiring EUV equipment. Samsung Electronics is developing its own bonded DRAM under Project B1b, and SK hynix is also advancing similar technology. South Korean media warns that assessments suggest CXMT may currently be ahead of its South Korean competitors in terms of both the technology itself and the speed of its development.
Kraken supports partially tokenized stocks and ETFs as collateral for leveraged trading.
According to Foresight News , citing Cointelegraph, Kraken has begun allowing eligible users to use a portion of tokenized stocks and exchange-traded funds (ETFs) as collateral for futures and margin trading, enabling users to open leveraged positions without first selling their existing holdings. The initial rollout includes 10 tokenized stocks and ETFs, including Apple, Nvidia, Tesla, Strategy, SPDR S&P 500 ETF, and Invesco QQQ Trust. This feature is currently only available to eligible customers outside the United States, and specific supported assets, collateral discounts, limits, and regional restrictions are subject to change. Kraken also sets collateral limits for each asset, with a maximum collateral value of $1 million for large-cap ETFs, $250,000 for most individual stocks, and $100,000 for tokenized gold and Circle shares. The exchange stated that collateral limits and collateral discount rates will be reviewed regularly and may be adjusted at any time. This feature is only available to eligible clients outside the United States.