BNY, the world’s largest custody bank, is building towards an always-on market. Earlier this year, it facilitated an after-hours Treasury transaction involving OpenEden and Ripple after Fedwire Securities had closed.
The trade demonstrates how Treasury activity supporting digital assets can continue beyond conventional market cut-off times. It also points to BNY's broader effort to close the structural gap between 24/7 on-chain markets and settlement that still follows traditional operating windows.
OpenEden was built for this transition. TBILL brings US Treasuries on-chain. USDO brings Treasury-backed yield into a regulated yield-bearing stablecoin. HYBOND expands on-chain fixed income with tokenized access to the BNY Mellon Global Short-Dated High Yield Bond Fund.
https://www.bloomberg.com/news/articles/2026-07-22/bny-pushes-toward-24-7-treasury-settlement-for-digital-assets
https://x.com/OpenEden_X/status/2080514627302228392?s=20
The trade demonstrates how Treasury activity supporting digital assets can continue beyond conventional market cut-off times. It also points to BNY's broader effort to close the structural gap between 24/7 on-chain markets and settlement that still follows traditional operating windows.
OpenEden was built for this transition. TBILL brings US Treasuries on-chain. USDO brings Treasury-backed yield into a regulated yield-bearing stablecoin. HYBOND expands on-chain fixed income with tokenized access to the BNY Mellon Global Short-Dated High Yield Bond Fund.
https://www.bloomberg.com/news/articles/2026-07-22/bny-pushes-toward-24-7-treasury-settlement-for-digital-assets
https://x.com/OpenEden_X/status/2080514627302228392?s=20
Bloomberg.com
BNY Pushes Toward 24/7 Treasury Settlement as Tokenization Grows
Bank of New York Mellon Corp. is laying the groundwork to offer around-the-clock settlement for US Treasuries, reflecting how the growth of digital-asset markets is beginning to influence the infrastructure underpinning traditional finance.
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#OpenDigest | 24 July 2026
Each week, we bring you the biggest headlines, sharpest insights, and key updates on stablecoins, tokenized RWAs, and the OpenEden ecosystem.
🟣 Stablecoin & RWA Market Pulse
→Total stablecoin market cap: $309.689B
→Total RWA on-chain market cap: $36.72B
→Total stablecoin holders: 276.79M
→Total RWA assets holders: 1,309,776
🟣 Top Headlines
→ According to a new survey from Broadridge, tokenization has become a strategic priority for much of Wall Street, with 84% of financial institutions saying the technology is important to their business.
→ The value of tokenized US Treasuries has surged nearly 2.5 times in a year, based on latest data from RWA.xyz. The value of tokenized US Treasuries, which stood at $6.51 billion on 20 July 2025, has surged to $15.92 billion within a span of a year.
→ Brazil’s securities regulator forms a task force, the Securities Tokenization Working Group, with 60-day deadline for tokenization proposal. Its scope covers essentially every layer of the tokenized securities stack: registration, custody, trading, settlement, cybersecurity, and operational risk.
→ Goldman Sachs CEO David Solomon has thrown his support behind the CLARITY Act, saying the legislation would provide much-needed regulatory certainty for the digital asset industry even as some of Wall Street's biggest banks continue to oppose key provisions of the bill.
🟣 OpenEden's Updates
→ Our Co-Founder and CTO, Duke Du, will be speaking at Coinfest Asia to share more on how tokenization is shaping the future of finance.
→ BNY Investments, a global leading Asset Manager with $2.2 trillion AUM, has partnered with OpenEden to bring its BNY Mellon Global Short-Dated High Yield Bond Fund on-chain (“HYBOND”).
→ Another week of running the HYBOND market on Euler Labs, now with boosted EDEN incentives on both sides of the market. Receive higher incentives from now till 29 July. Claimable on Merkl.
→ BNY is building towards an always-on market with 24/7 settlement. Earlier this year, it facilitated an after-hours Treasury transaction involving OpenEden and Ripple after Fedwire Securities had closed.
✅ Read the full digest on our X: https://x.com/OpenEden_X/status/2080652817480749081?s=20
Each week, we bring you the biggest headlines, sharpest insights, and key updates on stablecoins, tokenized RWAs, and the OpenEden ecosystem.
🟣 Stablecoin & RWA Market Pulse
→Total stablecoin market cap: $309.689B
→Total RWA on-chain market cap: $36.72B
→Total stablecoin holders: 276.79M
→Total RWA assets holders: 1,309,776
🟣 Top Headlines
→ According to a new survey from Broadridge, tokenization has become a strategic priority for much of Wall Street, with 84% of financial institutions saying the technology is important to their business.
→ The value of tokenized US Treasuries has surged nearly 2.5 times in a year, based on latest data from RWA.xyz. The value of tokenized US Treasuries, which stood at $6.51 billion on 20 July 2025, has surged to $15.92 billion within a span of a year.
→ Brazil’s securities regulator forms a task force, the Securities Tokenization Working Group, with 60-day deadline for tokenization proposal. Its scope covers essentially every layer of the tokenized securities stack: registration, custody, trading, settlement, cybersecurity, and operational risk.
→ Goldman Sachs CEO David Solomon has thrown his support behind the CLARITY Act, saying the legislation would provide much-needed regulatory certainty for the digital asset industry even as some of Wall Street's biggest banks continue to oppose key provisions of the bill.
🟣 OpenEden's Updates
→ Our Co-Founder and CTO, Duke Du, will be speaking at Coinfest Asia to share more on how tokenization is shaping the future of finance.
→ BNY Investments, a global leading Asset Manager with $2.2 trillion AUM, has partnered with OpenEden to bring its BNY Mellon Global Short-Dated High Yield Bond Fund on-chain (“HYBOND”).
→ Another week of running the HYBOND market on Euler Labs, now with boosted EDEN incentives on both sides of the market. Receive higher incentives from now till 29 July. Claimable on Merkl.
→ BNY is building towards an always-on market with 24/7 settlement. Earlier this year, it facilitated an after-hours Treasury transaction involving OpenEden and Ripple after Fedwire Securities had closed.
✅ Read the full digest on our X: https://x.com/OpenEden_X/status/2080652817480749081?s=20
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A stablecoin is only as sound as its backing.
Our Head of Americas, Nathan Paitchel, will join Spout Finance and Huma Finance today to unpack what changes when that backing is real yield.
🗓️27 Jul, 2PM UTC
https://x.com/i/spaces/1nJOLLaPdbvxR?s=20
Our Head of Americas, Nathan Paitchel, will join Spout Finance and Huma Finance today to unpack what changes when that backing is real yield.
🗓️27 Jul, 2PM UTC
https://x.com/i/spaces/1nJOLLaPdbvxR?s=20
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Are tokenized RWAs genuinely diversifying portfolios, or simply repackaging familiar yield on new rails? And beyond the market projections, who are these products actually being built for?
Tomorrow, our Chief Strategy Officer, Stephanie Chew, will be joining a panel at Malaysia Blockchain Week to address these questions and more.
🗓️29 Jul, 2:15PM UTC+8
📍DFNS Institutional Stage, Malaysia Blockchain Week
https://x.com/OpenEden_X/status/2081996938489262536?s=20
Tomorrow, our Chief Strategy Officer, Stephanie Chew, will be joining a panel at Malaysia Blockchain Week to address these questions and more.
🗓️29 Jul, 2:15PM UTC+8
📍DFNS Institutional Stage, Malaysia Blockchain Week
https://x.com/OpenEden_X/status/2081996938489262536?s=20
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Large on-chain allocators in RWA markets invest the most in tokenized credit and Treasuries because these products closely mirror their off-chain equivalents and align with the allocators’ risk mandates and investment objectives.
HYBOND is precisely designed for them. It is the first tokenized high yield bond offering in the market, providing eligible investors 1:1 exposure to the BNY Mellon Global Short-Dated High Yield Bond Fund.
The fund is managed by BNY Investments, a global asset manager with approximately $2.2 trillion in AUM. It has a track record dating back to 2016, and its current portfolio has a 3-year annualized return of 9.47% and an average yield to expected maturity of ~7%.
At scale, HYBOND's institutional profile makes it much easier for allocators to evaluate, underwrite, and size meaningfully. But holding it is only half of what they can do with it.
The HYBOND market on Euler Labs marks the first time a tokenized bond fund can be posted as on-chain collateral for borrowing. The allocator can post the token as collateral, borrow USDC, and retain exposure to the underlying bond strategy.
For allocators who have built positions in tokenized Treasuries, HYBOND is the next asset class to add. It moves down the credit curve into managed corporate bonds without leaving the on-chain rails they already use.
https://x.com/jeremyng777/status/2082320830865031360?s=20
HYBOND is precisely designed for them. It is the first tokenized high yield bond offering in the market, providing eligible investors 1:1 exposure to the BNY Mellon Global Short-Dated High Yield Bond Fund.
The fund is managed by BNY Investments, a global asset manager with approximately $2.2 trillion in AUM. It has a track record dating back to 2016, and its current portfolio has a 3-year annualized return of 9.47% and an average yield to expected maturity of ~7%.
At scale, HYBOND's institutional profile makes it much easier for allocators to evaluate, underwrite, and size meaningfully. But holding it is only half of what they can do with it.
The HYBOND market on Euler Labs marks the first time a tokenized bond fund can be posted as on-chain collateral for borrowing. The allocator can post the token as collateral, borrow USDC, and retain exposure to the underlying bond strategy.
For allocators who have built positions in tokenized Treasuries, HYBOND is the next asset class to add. It moves down the credit curve into managed corporate bonds without leaving the on-chain rails they already use.
https://x.com/jeremyng777/status/2082320830865031360?s=20
X (formerly Twitter)
Jeremy Ng (@jeremyng777) on X
Large on-chain allocators in RWA markets invest the most in tokenized credit and Treasuries because these products closely mirror their off-chain equivalents and align with the allocators’ risk mandates and investment objectives.
HYBOND is precisely designed…
HYBOND is precisely designed…
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BNY Investments brings institutional scale and deep fixed-income expertise to the strategy behind HYBOND. The firm manages approximately $2.2 trillion in assets, while Insight Investment, its specialist fixed-income investment firm, manages €230.2 billion in global fixed-income assets with 167 fixed-income specialists.
In 2025, Insight Investments ranked first for Overall Fixed Income Quality among UK investment consultants, its tenth first-place ranking in 12 years, and was named Best Asset Manager for Institutional Investment in the UK for the eighth time in 11 years.
In the full thread, we examine how BNY Investments’ fixed-income capabilities translate into the management of the underlying strategy, and how tokenization changes the way investors access and finance the position without changing the investment process behind it.
Read the full thread here: https://x.com/OpenEden_X/status/2082417582448222387?s=20
In 2025, Insight Investments ranked first for Overall Fixed Income Quality among UK investment consultants, its tenth first-place ranking in 12 years, and was named Best Asset Manager for Institutional Investment in the UK for the eighth time in 11 years.
In the full thread, we examine how BNY Investments’ fixed-income capabilities translate into the management of the underlying strategy, and how tokenization changes the way investors access and finance the position without changing the investment process behind it.
Read the full thread here: https://x.com/OpenEden_X/status/2082417582448222387?s=20
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OpenEden has partnered with Symbiotic Liquid Lane to enable instant settlement for HYBOND, the tokenized BNY Mellon Global Short-Dated High Yield Bond Fund.
HYBOND brought the fund on-chain. Symbiotic Liquid Lane now adds a T+0 liquidity layer. Clearstar Labs and Amber Group provide the liquidity.
Tokenized funds typically retain the multi-day redemption cycles of their underlying structures. Liquid Lane gives eligible HYBOND holders a route to USDC on the trade date, bringing the speed of on-chain liquidity to an actively managed corporate bond strategy.
https://x.com/symbioticfi/status/2082433461143429414?s=20
HYBOND brought the fund on-chain. Symbiotic Liquid Lane now adds a T+0 liquidity layer. Clearstar Labs and Amber Group provide the liquidity.
Tokenized funds typically retain the multi-day redemption cycles of their underlying structures. Liquid Lane gives eligible HYBOND holders a route to USDC on the trade date, bringing the speed of on-chain liquidity to an actively managed corporate bond strategy.
https://x.com/symbioticfi/status/2082433461143429414?s=20
X (formerly Twitter)
Symbiotic (@symbioticfi) on X
Symbiotic Liquid Lane Brings T+0 Liquidity to OpenEden’s Tokenized BNY High Yield Bond Fund
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#OpenDigest | 31 July 2026
Each week, we bring you the biggest headlines, sharpest insights, and key updates on stablecoins, tokenized RWAs, and the OpenEden ecosystem.
🟣 Stablecoin & RWA Market Pulse
→Total stablecoin market cap: $307.472B
→Total RWA on-chain market cap: $36.82B
→Total stablecoin holders: 278.80M
→Total RWA assets holders: 1,446,949
🟣 Top Headlines
→ BNY to unveil a digital version of its transfer agency business, which processes trades and keeps ownership records.
→ According to Wintermute’s latest market report, institutions accounted for roughly 72% of spot trading volume on its OTC desk during the first half of 2026, the highest share on record and a sharp increase from about 61% in the second half of last year.
→ J.P. Morgan says that the falling odds of the Clarity Act passing the US Senate before year-end are a setback for crypto markets, as parts of the current draft of the crypto bill could discourage institutional participation.
→ Morgan Stanley executives say the era of traditional 9-to-5 banking is ending as markets move toward 24/7 trading and settlement through tokenized assets.
→ Project Agorá, which brings together five central banks and 28 commercial lenders, processed roughly $1 million in real-value transactions. The payments settled in an average of about 80 seconds.
🟣 OpenEden's Updates
→ Our Head of Americas, Nathan Paitchel joined Spout Finance and Huma Finance in an X Space to unpack what changes when stablecoins are backed by real yield.
→ BNY Investments actively manages the BNY Mellon Global Short-Dated High Yield Bond Fund, now available on-chain through HYBOND. Its role is to assess whether each bond’s yield adequately compensates investors for its credit risk and how that exposure fits within the wider portfolio. Find out why the investment manager is an essential part of the investment proposition.
→ OpenEden has partnered with Symbiotic Liquid Lane to enable instant settlement for HYBOND, the tokenized BNY Mellon Global Short-Dated High Yield Bond Fund.
→ The incentives continue for both sides of the HYBOND market on Euler Labs! For another week, participants can receive boosted EDEN incentives, distributed through Merkl.
→ Tokenized markets are expanding beyond Treasuries, and so is OpenEden: from TBILL to USDO, PRISM, and now HYBOND.
✅ Read the full digest on our X: https://x.com/OpenEden_X/status/2083130879602463150?s=20
Each week, we bring you the biggest headlines, sharpest insights, and key updates on stablecoins, tokenized RWAs, and the OpenEden ecosystem.
🟣 Stablecoin & RWA Market Pulse
→Total stablecoin market cap: $307.472B
→Total RWA on-chain market cap: $36.82B
→Total stablecoin holders: 278.80M
→Total RWA assets holders: 1,446,949
🟣 Top Headlines
→ BNY to unveil a digital version of its transfer agency business, which processes trades and keeps ownership records.
→ According to Wintermute’s latest market report, institutions accounted for roughly 72% of spot trading volume on its OTC desk during the first half of 2026, the highest share on record and a sharp increase from about 61% in the second half of last year.
→ J.P. Morgan says that the falling odds of the Clarity Act passing the US Senate before year-end are a setback for crypto markets, as parts of the current draft of the crypto bill could discourage institutional participation.
→ Morgan Stanley executives say the era of traditional 9-to-5 banking is ending as markets move toward 24/7 trading and settlement through tokenized assets.
→ Project Agorá, which brings together five central banks and 28 commercial lenders, processed roughly $1 million in real-value transactions. The payments settled in an average of about 80 seconds.
🟣 OpenEden's Updates
→ Our Head of Americas, Nathan Paitchel joined Spout Finance and Huma Finance in an X Space to unpack what changes when stablecoins are backed by real yield.
→ BNY Investments actively manages the BNY Mellon Global Short-Dated High Yield Bond Fund, now available on-chain through HYBOND. Its role is to assess whether each bond’s yield adequately compensates investors for its credit risk and how that exposure fits within the wider portfolio. Find out why the investment manager is an essential part of the investment proposition.
→ OpenEden has partnered with Symbiotic Liquid Lane to enable instant settlement for HYBOND, the tokenized BNY Mellon Global Short-Dated High Yield Bond Fund.
→ The incentives continue for both sides of the HYBOND market on Euler Labs! For another week, participants can receive boosted EDEN incentives, distributed through Merkl.
→ Tokenized markets are expanding beyond Treasuries, and so is OpenEden: from TBILL to USDO, PRISM, and now HYBOND.
✅ Read the full digest on our X: https://x.com/OpenEden_X/status/2083130879602463150?s=20
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It was great to be back in New York recently, catching up with partners and spending time with the BNY team.
Our relationship with BNY began a year ago, when they came on board as investment manager and primary custodian for the TBILL Fund. Since then, we have continued to build together, most recently tokenizing the BNY Mellon Global Short-Dated High Yield Bond Fund (HYBOND Token).
Nathan Paitchel and I were pleased to be invited by the BNY team to join them for a round of golf along with their close partners, which was a welcome change of pace from our brainstorming sessions at BNY's headquarters.
Thank you to Doni Shamsuddin, Clarence Chan, Stephen Gill, Meena Ponraj, Christina Vu, Bushra Mannan, Maximilian D., and the wider BNY team for the warm hospitality and continued partnership!
—Jeremy Ng, Founder and CEO, OpenEden
https://x.com/jeremyng777/status/2084220331301212583?s=20
Our relationship with BNY began a year ago, when they came on board as investment manager and primary custodian for the TBILL Fund. Since then, we have continued to build together, most recently tokenizing the BNY Mellon Global Short-Dated High Yield Bond Fund (HYBOND Token).
Nathan Paitchel and I were pleased to be invited by the BNY team to join them for a round of golf along with their close partners, which was a welcome change of pace from our brainstorming sessions at BNY's headquarters.
Thank you to Doni Shamsuddin, Clarence Chan, Stephen Gill, Meena Ponraj, Christina Vu, Bushra Mannan, Maximilian D., and the wider BNY team for the warm hospitality and continued partnership!
—Jeremy Ng, Founder and CEO, OpenEden
https://x.com/jeremyng777/status/2084220331301212583?s=20
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In crypto, it is not always easy to see what sits behind a tokenized asset.
The HYBOND Data Room brings everything into one place, from the BNY Mellon Global Short-Dated High Yield Bond Fund’s performance and holdings to its portfolio characteristics, risks and key documents.
https://openeden.com/hybond/data-room/
https://x.com/OpenEden_X/status/2084486742283866112?s=20
The HYBOND Data Room brings everything into one place, from the BNY Mellon Global Short-Dated High Yield Bond Fund’s performance and holdings to its portfolio characteristics, risks and key documents.
https://openeden.com/hybond/data-room/
https://x.com/OpenEden_X/status/2084486742283866112?s=20
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OpenEden has achieved a security milestone with the ISO/IEC 27001:2022 certification.
The certification validates that OpenEden's information security management system and the controls supporting its tokenization platform conform to the industry’s highest standards.
Institutional-grade finance requires institutional-grade security.
Read the full announcement: https://openeden.com/news/openeden-achieves-iso-27001-certification/
https://x.com/OpenEden_X/status/2084964469290176605?s=20
The certification validates that OpenEden's information security management system and the controls supporting its tokenization platform conform to the industry’s highest standards.
Institutional-grade finance requires institutional-grade security.
Read the full announcement: https://openeden.com/news/openeden-achieves-iso-27001-certification/
https://x.com/OpenEden_X/status/2084964469290176605?s=20
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What is agentic treasury, and can AI autonomously manage capital on-chain?
Tomorrow, our Chief Strategy Officer, Stephanie Chew, will join the Agentic Payments & Treasury Summit Singapore 2026 to assess whether agentic treasury is ready for real-world use or whether its concept is premature given today's AI capabilities.
https://x.com/OpenEden_X/status/2085279827653968095?s=20
Tomorrow, our Chief Strategy Officer, Stephanie Chew, will join the Agentic Payments & Treasury Summit Singapore 2026 to assess whether agentic treasury is ready for real-world use or whether its concept is premature given today's AI capabilities.
https://x.com/OpenEden_X/status/2085279827653968095?s=20
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"Economically, a tokenized Treasury is still a Treasury. The credit risk, duration, and yield are unchanged. Diversification does not come from the asset. It comes from what the wrapper enables." — Stephanie Chew, OpenEden's Chief Strategy Officer.
Tokenized RWAs have reached roughly $37 billion across public chains, with Treasuries and private credit leading. But what does tokenization actually change?
Stephanie made the distinction clear during Malaysia Blockchain Week. Tokenizing a Treasury does not change its underlying credit risk, duration, or yield. It changes how that exposure can be accessed and used.
The economic exposure is familiar. The utility is new.
Thanks Malaysia Blockchain Week for inviting us to be part of this discussion.
https://x.com/OpenEden_X/status/2085285456359686566?s=20
Tokenized RWAs have reached roughly $37 billion across public chains, with Treasuries and private credit leading. But what does tokenization actually change?
Stephanie made the distinction clear during Malaysia Blockchain Week. Tokenizing a Treasury does not change its underlying credit risk, duration, or yield. It changes how that exposure can be accessed and used.
The economic exposure is familiar. The utility is new.
Thanks Malaysia Blockchain Week for inviting us to be part of this discussion.
https://x.com/OpenEden_X/status/2085285456359686566?s=20
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Digital assets are increasingly evaluated using established risk frameworks.
S&P Global Ratings’ latest stablecoin assessment reflects that rigor by evaluating peg stability, liquidity, and other key indicators.
The same discipline extends to tokenized funds, with OpenEden’s TBILL Fund rated “AA+f/S1+” by S&P Global Ratings.
As more financial products move on-chain, independent standards for understanding their risks will become an increasingly important part of the market.
https://markets.ft.com/data/announce/detail?dockey=600-202608041308PR_NEWS_USPRX____LN18944-1
https://x.com/OpenEden_X/status/2085580233420500999?s=20
S&P Global Ratings’ latest stablecoin assessment reflects that rigor by evaluating peg stability, liquidity, and other key indicators.
The same discipline extends to tokenized funds, with OpenEden’s TBILL Fund rated “AA+f/S1+” by S&P Global Ratings.
As more financial products move on-chain, independent standards for understanding their risks will become an increasingly important part of the market.
https://markets.ft.com/data/announce/detail?dockey=600-202608041308PR_NEWS_USPRX____LN18944-1
https://x.com/OpenEden_X/status/2085580233420500999?s=20
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#OpenDigest | 7 August 2026
Each week, we bring you the biggest headlines, sharpest insights, and key updates on stablecoins, tokenized RWAs, and the OpenEden ecosystem.
🟣 Stablecoin & RWA Market Pulse
→Total stablecoin market cap: $300.422B
→Total RWA on-chain market cap: $38B
→Total stablecoin holders: 281.59M
→Total RWA assets holders: 1,653,520
🟣 Top Headlines
→ A new CoinShares and Token Terminal report found deposits into lending platforms and DEXs more than tripled YoY to $7.4 billion, driven by conventional assets like tokenized Treasuries, private credit, and gold token. Meanwhile, total DeFi deposits fell around 15%.
→ Wells Fargo has announced their plans to launch tokenized deposits for corporate and commercial clients, which will initially cover US dollars and British pounds for cross-border payments.
→ Mastercard has completed the acquisition of stablecoin infrastructure firm BVNK and will leverage their expertise to help financial institutions, fintechs and enterprises scale use cases involving stablecoins and tokenized assets.
→ Cloudflare is in the early stages of rolling out programmable wallets designed to let AI agents pay for APIs, data and online content using stablecoins, adding a key piece of infrastructure to its agentic commerce ecosystem.
🟣 OpenEden's Updates
→ Our Founder and CEO Jeremy Ng shared a recap of his recent NYC trip, including spending time with the BNY team.
→ The HYBOND Data Room brings everything into one place, from the BNY Mellon Global Short-Dated High Yield Bond Fund’s performance and holdings to its portfolio characteristics, risks and key documents.
→ OpenEden has achieved a security milestone with the ISO/IEC 27001:2022 certification, which validates that our information security management system and the controls supporting its tokenization platform conform to the industry’s highest standards.
→ Our Chief Strategy Officer, Stephanie Chew, joins the Agentic Payments & Treasury Summit Singapore 2026 to assess whether agentic treasury is ready for real-world use or whether its concept is premature given today's AI capabilities.
→ On her panel at Malaysia Blockchain Week, our Chief Strategy Officer, Stephanie Chew, discussed on whether tokenized RWAs is a hype cycle or genuine portfolio diversifier.
✅ Read the full digest on our X: https://x.com/OpenEden_X/status/2085660856562659499?s=20
Each week, we bring you the biggest headlines, sharpest insights, and key updates on stablecoins, tokenized RWAs, and the OpenEden ecosystem.
🟣 Stablecoin & RWA Market Pulse
→Total stablecoin market cap: $300.422B
→Total RWA on-chain market cap: $38B
→Total stablecoin holders: 281.59M
→Total RWA assets holders: 1,653,520
🟣 Top Headlines
→ A new CoinShares and Token Terminal report found deposits into lending platforms and DEXs more than tripled YoY to $7.4 billion, driven by conventional assets like tokenized Treasuries, private credit, and gold token. Meanwhile, total DeFi deposits fell around 15%.
→ Wells Fargo has announced their plans to launch tokenized deposits for corporate and commercial clients, which will initially cover US dollars and British pounds for cross-border payments.
→ Mastercard has completed the acquisition of stablecoin infrastructure firm BVNK and will leverage their expertise to help financial institutions, fintechs and enterprises scale use cases involving stablecoins and tokenized assets.
→ Cloudflare is in the early stages of rolling out programmable wallets designed to let AI agents pay for APIs, data and online content using stablecoins, adding a key piece of infrastructure to its agentic commerce ecosystem.
🟣 OpenEden's Updates
→ Our Founder and CEO Jeremy Ng shared a recap of his recent NYC trip, including spending time with the BNY team.
→ The HYBOND Data Room brings everything into one place, from the BNY Mellon Global Short-Dated High Yield Bond Fund’s performance and holdings to its portfolio characteristics, risks and key documents.
→ OpenEden has achieved a security milestone with the ISO/IEC 27001:2022 certification, which validates that our information security management system and the controls supporting its tokenization platform conform to the industry’s highest standards.
→ Our Chief Strategy Officer, Stephanie Chew, joins the Agentic Payments & Treasury Summit Singapore 2026 to assess whether agentic treasury is ready for real-world use or whether its concept is premature given today's AI capabilities.
→ On her panel at Malaysia Blockchain Week, our Chief Strategy Officer, Stephanie Chew, discussed on whether tokenized RWAs is a hype cycle or genuine portfolio diversifier.
✅ Read the full digest on our X: https://x.com/OpenEden_X/status/2085660856562659499?s=20
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Tokenized RWAs have grown to nearly $37 billion. What will it take for the market to reach $1 trillion?
Next week at Conviction 2026, our Founder and CEO, Jeremy Ng, will join a panel to discuss the next phase of tokenization across equities, credit, and tokenized deposits.
Jeremy will share his perspective on why institutions are choosing tokenized structures when familiar financial vehicles already exist, and what needs to change for on-chain capital markets to scale.
📅 14 August, 1:45 to 2:15PM UTC+7
https://x.com/OpenEden_X/status/2085677891107627417?s=20
Next week at Conviction 2026, our Founder and CEO, Jeremy Ng, will join a panel to discuss the next phase of tokenization across equities, credit, and tokenized deposits.
Jeremy will share his perspective on why institutions are choosing tokenized structures when familiar financial vehicles already exist, and what needs to change for on-chain capital markets to scale.
📅 14 August, 1:45 to 2:15PM UTC+7
https://x.com/OpenEden_X/status/2085677891107627417?s=20
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The BNY Mellon Global Short-Dated High Yield Bond Fund holds close to 150 bond positions, and no single issuer exposure exceeds 2% of the portfolio.
Holding count alone does not settle whether a high yield portfolio is diversified. Position sizing and where that risk sits are decisions the investment manager makes.
Head over to our X to learn how the fund distributes credit risk across issuers, markets, and sectors, and what HYBOND holders get exposure to through a single token.
https://x.com/OpenEden_X/status/2085697642823024819
Holding count alone does not settle whether a high yield portfolio is diversified. Position sizing and where that risk sits are decisions the investment manager makes.
Head over to our X to learn how the fund distributes credit risk across issuers, markets, and sectors, and what HYBOND holders get exposure to through a single token.
https://x.com/OpenEden_X/status/2085697642823024819
X (formerly Twitter)
OpenEden (@OpenEden_X) on X
The BNY Mellon Global Short-Dated High Yield Bond Fund holds close to 150 bond positions across industries and geographies. No single position represents more than 2% of the portfolio.
This combination of diversification with limited concentration helps…
This combination of diversification with limited concentration helps…
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Short-dated bonds are often described as a way to take less interest rate risk.
But shorter maturities also shape credit risk. While an issuer’s bonds may carry similar credit ratings across maturities, the risk of default accumulates over time. Investing at the shorter end can therefore provide exposure to credit spread while limiting how long capital is exposed to the issuer.
Read the article on how a short-dated profile shapes the bond fund underlying HYBOND, and what it means when that credit exposure is used as on-chain collateral.
https://x.com/OpenEden_X/status/2087750758720799021
But shorter maturities also shape credit risk. While an issuer’s bonds may carry similar credit ratings across maturities, the risk of default accumulates over time. Investing at the shorter end can therefore provide exposure to credit spread while limiting how long capital is exposed to the issuer.
Read the article on how a short-dated profile shapes the bond fund underlying HYBOND, and what it means when that credit exposure is used as on-chain collateral.
https://x.com/OpenEden_X/status/2087750758720799021
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#OpenDigest | 14 August 2026
Each week, we bring you the biggest headlines, sharpest insights, and key updates on stablecoins, tokenized RWAs, and the OpenEden ecosystem.
🟣 Stablecoin & RWA Market Pulse
→Total stablecoin market cap: $300.7B
→Total RWA on-chain market cap: $38.15B
→Total stablecoin holders: 284.09M
→Total RWA assets holders: 1,824,743
🟣 Top Headlines
→ UK’s FCA is drawing up rules for tokenized gold as part of a broader digital asset strategy to preserve London’s dominance in global gold trading. The regulator is consulting financial institutions on how tokenized gold, which represents ownership of physical bullion, could be used as collateral in wholesale markets.
→ The Bank of England’s digital pound project, Digital Pound Lab, has entered Phase 2, testing how public stablecoins and central bank money can operate together in a single payment flow for trade finance.
→ AnchorPoint Financial, a Hong Kong-licensed stablecoin issuer and a Standard Chartered-led joint venture, has kicked off institutional use of Hong Kong dollar-backed stablecoins, enabling initial distributors and users to begin integrating it into commercial applications.
→ Itaú Unibanco, Latin America’s largest bank by assets, is working with OpenAssets on an industry-led test of tokenized fixed income and investment funds.
🟣 OpenEden's Updates
→ S&P Global Ratings’ latest stablecoin assessment reflects that rigor by evaluating peg stability, liquidity, and other key indicators. The same discipline extends to tokenized funds, with OpenEden’s TBILL Fund rated “AA+f/S1+” by S&P Global Ratings.
→ The BNY Mellon Global Short-Dated High Yield Bond Fund holds close to 150 bond positions, and no single issuer exposure exceeds 2% of the portfolio. Learn how the fund distributes credit risk across issuers, markets, and sectors, and what HYBOND holders get exposure to through a single token.
→ Short-dated bonds are often described as a way to take less interest rate risk. But shorter maturities also shape credit risk. Read our article on how a short-dated profile shapes the bond fund underlying HYBOND, and what it means when that credit exposure is used as on-chain collateral.
✅ Read the full digest on our X: https://x.com/OpenEden_X/status/2088227283924558146?s=20
Each week, we bring you the biggest headlines, sharpest insights, and key updates on stablecoins, tokenized RWAs, and the OpenEden ecosystem.
🟣 Stablecoin & RWA Market Pulse
→Total stablecoin market cap: $300.7B
→Total RWA on-chain market cap: $38.15B
→Total stablecoin holders: 284.09M
→Total RWA assets holders: 1,824,743
🟣 Top Headlines
→ UK’s FCA is drawing up rules for tokenized gold as part of a broader digital asset strategy to preserve London’s dominance in global gold trading. The regulator is consulting financial institutions on how tokenized gold, which represents ownership of physical bullion, could be used as collateral in wholesale markets.
→ The Bank of England’s digital pound project, Digital Pound Lab, has entered Phase 2, testing how public stablecoins and central bank money can operate together in a single payment flow for trade finance.
→ AnchorPoint Financial, a Hong Kong-licensed stablecoin issuer and a Standard Chartered-led joint venture, has kicked off institutional use of Hong Kong dollar-backed stablecoins, enabling initial distributors and users to begin integrating it into commercial applications.
→ Itaú Unibanco, Latin America’s largest bank by assets, is working with OpenAssets on an industry-led test of tokenized fixed income and investment funds.
🟣 OpenEden's Updates
→ S&P Global Ratings’ latest stablecoin assessment reflects that rigor by evaluating peg stability, liquidity, and other key indicators. The same discipline extends to tokenized funds, with OpenEden’s TBILL Fund rated “AA+f/S1+” by S&P Global Ratings.
→ The BNY Mellon Global Short-Dated High Yield Bond Fund holds close to 150 bond positions, and no single issuer exposure exceeds 2% of the portfolio. Learn how the fund distributes credit risk across issuers, markets, and sectors, and what HYBOND holders get exposure to through a single token.
→ Short-dated bonds are often described as a way to take less interest rate risk. But shorter maturities also shape credit risk. Read our article on how a short-dated profile shapes the bond fund underlying HYBOND, and what it means when that credit exposure is used as on-chain collateral.
✅ Read the full digest on our X: https://x.com/OpenEden_X/status/2088227283924558146?s=20
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