Tokenized Bonds & Custody: tZERO says institutional investors can now custody the Marshall Islands sovereign digital bond USDM1 inside its SEC-registered broker-dealer framework, with 1:1 Treasury-backed collateral and support across Stellar, Canton and Solana. Banking On-Chain Push: JPMorgan, Citi, BofA and Wells Fargo plan a shared tokenized deposit network run by The Clearing House, targeting a 2027 launch to move bank deposits 24/7 on blockchain rails—positioned as a regulated alternative to stablecoins. Stablecoin Expansion: Ripple’s RLUSD is now moving natively across multiple chains via Wormhole’s Native Token Transfers, aiming to boost compliant dollar liquidity for payments and tokenization. Ethereum’s Role in RWA: New data claims Ethereum is accelerating in real-world asset tokenization, holding $16.6B in distributed RWA value and leading growth across sectors. Regulation Clock: The House Ways and Means committee is preparing crypto tax legislation, while the Senate CLARITY Act push continues amid concerns over “bad-actor” provisions. DeFi & Security: Zcash activated an emergency Orchard fix after a bug raised theoretical inflation risk; Uniswap rolled out major in-app wallet and crosschain swap UX upgrades. Market Mood: Bitcoin dipped toward $61K as whales reshuffled positions, while HYPE saw sharp volatility after Arthur Hayes exited his trade. Payments Mainstreaming: MoneyGram launched its own dollar stablecoin MGUSD on Stellar, and Visa tested private stablecoin settlement via Canton.