Stablecoin market cap has been flat for 1y, but that headline is misleading Over the same period, native stablecoin market cap fell $30.6B on Ethereum but grew $16.1B on Tron and $6.3B on HyperEVM Growth on some chains is offset by declines on others

85.7% of tokenized stock market cap follows the stablecoin model A U.S. asset held in custody, distributed globally on public blockchains, with clear economic benefits for multiple stakeholders At $4.63B, it matches stablecoins in early 2020, before their market cap grew 64x

Giving non-US users access to equity in US companies in a compliant manner is far more valuable. The best of both worlds: US securities, global access. Increased Economic Freedom for the world, Increased Access to Capital for US companies. ADRs give foreign companies access to US capital, CB Tokenized Stocks give US companies access to foreign capital.

Tokenized Strategy common and preferred stock (MSTR & STRC) has reached $475M in market cap, up 3,467% over the past year Of that, $204M is on Ethereum, $118M on BNB Chain and $80M on Solana

If you own a share of stock today via a broker-dealer, you're probably not on the company's books. Cede & Co., which is owned by DTC, is. Yesterday, Securitize submitted a comment letter to the SEC on DTC's proposal to modernize the Direct Registration System (DRS), the process for moving shares from Cede & Co. to the transfer agent's books and records, and we strongly support it. DTC wants to cut the time it takes to move shares via DRS into an investor's own name from days to minutes. That matters a lot for tokenization. It's the on-ramp to issuer-sponsored tokens, where the investor is the registered owner of the real security, on-chain. Not an IOU. In our letter, we asked DTC to take it one step further: let investors move from a DTC token into a directly registered token in a single step. We also asked for published processing times and the same speed in both directions. Do that, and moving between street name and a directly registered token becomes even faster and simpler, in both directions. Tokenization works best when investors can do so without friction. Great work by @SecuritizeBilly and our team. Letter below

Tokenized ETFs have surpassed $1B in market cap, reaching $1.1B, up 440% over the past year Ondo-issued assets account for $632M, followed by Binance bStocks with $284M and xStocks with $153M

70.6% of wallet-to-wallet stablecoin volume in 2026 has settled on @trondao. It is a clear example of what 🇺🇸 wants from stablecoins: more people and businesses using dollars, particularly in emerging markets. Most of it is USDT, which @tether mostly backs with US gov debt.