Crypto's Evolution: Tokenized Assets Rise as Wall Street Embraces DeFi
Wall Street meets Web3, self‑custody beats memes, and Hong Kong keeps pretending China’s ban is “someone else’s problem.” Let’s dig into what actually mattered in crypto today. Robinhood is taking a big swing at the future of trading. The company rolled out a public testnet for Robinhood Chain, an Ethereum layer‑2 built on Arbitrum. Developers can now kick the tires on an L2 designed for 24/7 trading and tokenized stocks in DeFi. The idea: one day you might be trading fractional Apple and Tesla shares side‑by‑side with stablecoins and memecoins, all on-chain, without waiting for Wall Street’s settlement windows to catch up. That theme of real‑world assets quietly went from talking point to trend. Franklin Templeton and Binance teamed up to let institutions use tokenized money market fund shares as collateral via Ceffu, keeping assets with a regulated custodian instead of parked on an exchange. Ripple and Aviva Investors are planning to tokenize traditional funds on the XRP Ledg...