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According to Glassnode's latest on-chain weekly report "Swept and Refilled," Gate has performed outstandingly in the tokenized gold spot and perpetual contract markets, with its position size and trading volume market share continuously increasing.The report indicates that since the beginning of 2026, Gate has contributed 42% of the net increase in the global tokenized gold perpetual contract open interest, surpassing all other tracked exchanges. At the same time, Gate's 7-day average position size for tokenized gold perpetual contracts corresponds to a gold exposure of 1.7 tons, ranking first in the world, ahead of OKX's 1.5 tons.In the spot market, Gate's market share of tokenized gold spot trading volume surged from 0.6% in 2024 to 12% so far in 2026, expanding to 20 times its original size. The report also notes that as market share continues to grow, Gate has become one of the most prominent trading platforms for the growth of tokenized gold spot market share this year. The simultaneous expansion of the spot and derivatives markets further reflects Gate's market competitiveness and growth potential in the field of tokenized gold trading.

According to PR Newswire, J.P. Morgan Asset Management announced that its tokenized money market funds MONY and JLTXX have launched on the Solana blockchain, open to qualified U.S. investors. Qualified investors can subscribe and redeem through its institutional trading platform Morgan Money and receive token balances at their blockchain addresses.MONY is a private fund established under Rule 506(c), set to launch in December 2025. At that time, J.P. Morgan will be the first globally systemically important bank to launch a tokenized money market fund on a public blockchain. JLTXX is a government money market fund registered in the United States, designed to support stablecoin issuers under the framework of the GENIUS Act.

According to a report by Bloomberg citing on-chain data analysis platform Dune, the on-chain trading volume of tokenized stocks and ETFs in the third quarter exceeded $37 billion, with monthly trading volume increasing nearly 18 times compared to January, covering over 200 trading venues and 12 blockchains.During the same period, the on-chain trading volume of perpetual contracts linked to stocks, ETFs, and stock indices on the decentralized perpetual contract trading platform Hyperliquid reached $201 billion. Dune stated that currently about 25% of cryptocurrency spot trading is conducted on-chain.

Cryptocurrency exchange Kraken stated that its xStocks tokenized stock product line currently covers more than 1000 underlying assets. xStocks provides users with exposure to stock prices but does not come with shareholder rights.According to the FAQ document released by Kraken in September, the number of related tools listed at that time was 131. This product still excludes U.S. users.

According to The Block, American fintech company SoFi Technologies announced the launch of SoFi Earn, product code SOFIE, which is an interest-bearing tokenized deposit with an annual yield of 4.4%, and is insured by the Federal Deposit Insurance Corporation (FDIC) within applicable limits.SoFi stated that this is the first time a national bank in the United States has directly offered tokenized deposits to individual customers. Each SOFIE corresponds to a $1 deposit at SoFi Bank, and members can exchange it for the stablecoin SoFiUSD at a 1:1 ratio through SoFi Crypto, which can be used to purchase cryptocurrencies or transferred to supported external wallets at any time. Deposits continue to earn interest before the exchange, while SoFiUSD, like other stablecoins, is not a deposit insured by the FDIC.SoFi expects to complete the full launch for crypto members in November. The company plans to launch consumer crypto trading in November 2025, followed by the introduction of SoFiUSD. In May of this year, it integrated with the consumer-facing app, and SoFi Crypto currently supports trading for over 40 types of crypto assets. CEO Anthony Noto stated that he hopes funds will continue to generate returns before being used, combining the benefits and protection of bank deposits with the speed and utility of digital assets.

Several large banks in the United States have discovered unauthorized AI agents accessing customer accounts, with some agents attempting to perform independent operations. Morgan Stanley, Bank of America, JPMorgan Chase, Wells Fargo, and other banks are racing to curb the risks posed by these agents.Morgan Stanley has begun to block third-party agents from accessing accounts, while JPMorgan Chase, Bank of America, and Citigroup are also restricting access.

Cryptocurrency analyst Axel Adler Jr. stated that as of October 21, the proportion of new investors' funds in the Bitcoin network has risen from a year-to-date low of 6.6% on July 5 to 11.2%, indicating that new funds are gradually returning, but the inflow remains below the levels of over 20% seen in 2024 and 2025.Currently, the price of Bitcoin is approximately $82,300, with the average holding cost for short-term holders at $75,100, resulting in an overall unrealized profit of about 9.5%. This group has been in a profitable state for 63 consecutive days since August 20, with the unrealized profit ratio reaching 16% on October 5. If the proportion of new investors' funds exceeds 11.5%, it will indicate a further increase in buyer demand; if it falls back below 10%, it suggests that the inflow of new funds may stagnate. If Bitcoin drops below $75,100, the overall short-term holders will turn to a loss, and related selling pressure may increase accordingly.

According to BBX data, yesterday global publicly listed companies in the U.S. stock market and mainstream financial institutions disclosed the latest developments in the disposal of crypto asset treasury, corporate governance accountability, and Layer 2 security tokenization cooperation. The core information is as follows:Shareholder Bastion Trading, holding approximately 9.99% of SkyAI shares, issued a statement pressuring for accountability regarding the liquidation of SOL and demanding a board restructuring: Major shareholder Bastion Trading, which holds approximately 9.99% of the NASDAQ-listed company SkyAI (NASDAQ: $SKYA), officially released a statement requesting that SkyAI's Executive Chairman Paul K. Danner III and three directors Soren Bo Christiansen, Timothy J. Ruemler, and Jason L. Monroe publicly explain their specific roles in evaluating, approving the takeover offer, and overseeing the complete liquidation of SOL, including who authorized and supervised the liquidation, reviewed the timing of the transaction, execution methods, counterparties, and transaction costs.Meritz Securities of South Korea signs MOU with Optimism Foundation to explore tokenized financial asset clearing based on OP Stack: South Korea's mainstream financial institution Meritz Securities announced the signing of a memorandum of understanding (MOU) with the Optimism Foundation. The two parties will jointly study the issuance, clearing, and distribution framework of tokenized financial assets based on OP Mainnet and other OP Stack networks, deeply exploring the commercial viability of using Ethereum public Layer 2 as a financial-grade distribution and clearing infrastructure. Meritz Securities stated that it will focus on exploring tokenized financial products based on high-quality local assets within the legal and licensing compliance framework, and will promote implementation in conjunction with the progress of South Korea's security token offering (STO) regulations. Previously, KB Securities and DB Securities in South Korea have also successively accessed the OP Stack ecosystem to explore related tokenization businesses.

The decentralized yield trading protocol Pendle announced the expansion of its one-click looping feature, now supporting yield-bearing assets and tokenized stocks.According to The Defiant, stock long positions on the Base network are realized through Aave loans. At the same time, fees for non-PT positions on PendleLoop will be waived until December 31.

Aave announced: The Aave V4 tokenized stock liquidity pool deployed on the Base network has launched USDC deposit incentives. Users who deposit USDC can earn additional rewards on top of the base interest rate.

According to an official announcement from Railway, the cloud deployment platform Railway detected abnormal activity in the system that stores customer environment variables. Preliminary investigations indicate that an unauthorized third party may have accessed encrypted environment variables and obtained decrypted content from some of those variables, which may include API keys, database credentials, and image repository credentials.Railway believes this incident is part of a recent series of attacks targeting platform companies, aimed at infiltrating AI inference service providers, and has notified upstream service providers to proactively revoke keys. Currently, Railway has suspended all deployments and recommends that all users immediately rotate the environment variables, API keys, and private repository credentials stored on the platform, and check relevant service logs.

Vantage Bank and Rio Bank completed principal and interest payments for loan participants using the loan service platform Participate, utilizing tokenized deposits from Hazel Network. Participate stated that after Vantage submitted the payment, the platform completed the distribution of principal and interest, with tokenized deposits reaching the recipient's digital wallet in less than 3 minutes. The loan balance and payment notifications were automatically updated in sync, connecting the traditional processes that relied on wire transfers, spreadsheets, and email notifications. This payment was announced on October 19.This payment marks the first implementation of the collaboration between the two banks that began in April this year. Custodia CEO Caitlin Long confirmed that the transaction occurred on the Ethereum mainnet. Hazel was jointly developed by Vantage and Custodia: Participate (a subsidiary of BankLabs) provides loan workflows and payment instructions, Vantage offers banking services and reserves, and Custodia is responsible for wallets, blockchain operations, compliance, and reconciliation monitoring.According to the Hazel white paper, this settlement model includes both on-chain and traditional bank ledger records, with transactions permitted only for authorized participants, while customer identities and account information are kept off-chain. Participate plans to offer tokenized deposits and Fedwire payment automation services to 750 banks for loan participation and syndicate payments.

The U.S. Securities and Exchange Commission (SEC) stated that three companies have notified it of their plans to operate tokenized securities trading venues (TSV) under the new innovation exemption policy.TSV LLC is held by Obsidian Systems co-founders Ali Abrar and Ryan Trinkle, with Ryan Trinkle also serving as a board member of the Canton Foundation. The platform plans to operate on the Canton Network; OKXICE is a joint venture between OKX and ICE Markets, planning to operate on OKX's Ethereum Layer 2 network X Layer; Kephas Corp. is the U.S. subsidiary of Perpetuals.com, led by founder @PGruhnPDC, who previously served as the head of FTX Europe. This platform plans to operate on the public, permissionless Layer 2 network Kronos X Public, which adopts a licensed trading pool.The SEC stated that being listed does not mean that the relevant companies have met the conditions for the innovation exemption.

According to Bloomberg, the prediction market platform Kalshi has reached a new arrangement with the cryptocurrency custody institution BitGo, which will allow certain clients to borrow against their custodied cryptocurrency assets and use the loan funds as margin for leveraged perpetual futures trading on the Kalshi exchange.This arrangement is aimed at clients of Kalshi Prime, a futures brokerage registered in the United States under Kalshi, and employs a tri-party collateral management structure. Loans are provided by its affiliated lending company Kalshi Katalyst, with the collateral assets held at BitGo Bank & Trust. Eligible collateral assets include Bitcoin, Ethereum, and stablecoins deemed compliant with the GENIUS Act, with plans to integrate additional custody institutions in the future.Kalshi Prime CEO Jeff Bandman stated that this arrangement aims to allow clients to participate in trading without having to exit their cryptocurrency holdings, potentially attracting crypto-native trading firms and whales holding large amounts of digital assets.

According to Bloomberg, the prediction market platform Kalshi has reached a new agreement with the cryptocurrency custody institution BitGo, which will allow certain clients to borrow against their custody-held cryptocurrency assets and use the loan funds as margin for leveraged perpetual futures trading on the Kalshi exchange.This arrangement is aimed at clients of Kalshi's U.S.-registered futures commission merchant Kalshi Prime and employs a tri-party collateral management structure. Loans are provided by its affiliated lending company Kalshi Katalyst, with the collateral assets held at BitGo Bank & Trust. Eligible collateral assets include Bitcoin, Ethereum, and stablecoins deemed compliant with the GENIUS Act, with plans to integrate additional custodians in the future.Kalshi Prime CEO Jeff Bandman stated that this arrangement is designed to allow clients to participate in trading without having to exit their cryptocurrency holdings, potentially attracting crypto-native trading firms and whales holding large amounts of digital assets.

Ledger Wallet officially launches the Crypto Loan feature, allowing users to directly use the Morpho open credit network for lending operations within the Ledger Wallet. The core of this feature is that users can use Wrapped Bitcoin (wBTC) or cbBTC as collateral to borrow stablecoins such as USDC or USDT without selling their assets.This integration brings hardware-level security standards into the DeFi lending space. All lending activities are physically confirmed through Ledger Signer, ensuring that every on-chain interaction from deposit to loan has clear signatures and hardware-level security guarantees. During the lending process, users' collateral remains in Morpho's smart contracts, with Ledger acting solely as a technology provider.Morpho is an open credit network running on Ethereum and major Layer 2s, providing flexible lending markets through infrastructures like Morpho Blue and Morpho Midnight. This feature supports operations such as adding collateral, repaying, increasing loan limits, and withdrawals. It is important to note that this service uses floating interest rates and carries liquidation risks, and users should pay attention to the specific supported countries and lending terms.

CryptoQuant analyst Axel Adler Jr. stated that the unrealized profits of large short-term holders have decreased from 9.8 billion dollars on September 22 to about 4.6 billion dollars on October 20, a reduction of approximately 5.1 billion dollars within a month, representing a decline of 53%.This does not mean that whales have sold off more than half of their holdings, but rather that their current unrealized gains from holding BTC have significantly narrowed.

According to the latest data from RootData's tokenized asset dashboard, in the depth dimension of TradFi assets, Bitget ranks first with a depth of approximately 208 million USD, holding a market share of 27.5%; in the asset count dimension, Bitget also ranks first with 3,186 assets. The top three exchanges in terms of depth collectively hold a market share of about 67.9%, indicating a significant concentration effect among the leaders.It is reported that this TradFi asset statistics only include crypto-native asset types such as contracts and tokenized assets, excluding data from traditional stock brokers.

Bank Negara Malaysia announced the launch of a new generation of paperless securities depository system SSDS+, based on distributed ledger technology, supporting the issuance, custody, and safekeeping of tokenized debt securities, including Islamic bonds (sukuk). The platform can track the ownership and transfer of tokenized securities and connects to the real-time electronic funds and securities transfer system RENTAS+, completing the corresponding bond payment settlements with central bank currency.Bank Negara Malaysia stated that while SSDS+ is primarily designed for wholesale issuance, it also has the capability to support tokenized government bonds and corporate retail bonds. The announcement did not disclose the specific securities issued through the platform, nor did it publish relevant trading volume data.The launch of the platform is a follow-up initiative to the three-year asset tokenization roadmap announced in November 2025, which outlined pilot projects involving Islamic finance, supply chain financing, and programmable payments. In February of this year, Bank Negara Malaysia also tested the ringgit stablecoin and tokenized bank deposits through its Digital Asset Innovation Center, with participating institutions including Standard Chartered Bank, CIMB Group, Bank of Malaysia, and investment holding company Capital A.