While crypto is gripped by fear, the buildout of digital asset infrastructure and tokenized financial markets accelerates unbothered
Big divergence between price action and institutionalization
What’s happened past few days:
• Visa takes USDC prefunding into commercial production
• BNY and Citadel Securities execute a triparty repo using tokenized Treasuries
• Interactive Brokers launches ETH staking
• DRW and Marex execute an OTC swap referencing a tokenized S&P index
• Deutsche Bank prepares to launch crypto custody
• Charles Schwab is expanding its crypto offering to include deposits and withdrawals to external wallets