GENIUS Rules Land as Tokenized Stock DEX Volume Surges 9x
Today’s Focus
The OCC finalized the GENIUS Act rule, setting reserve, redemption and custody standards for stablecoin issuers effective January 18, 2027, while the Treasury simultaneously allowed platforms to share reserve yield with customers. ARK data shows tokenized RWA up 19% QoQ to about $39B, with tokenized stock DEX spot volume surging about 9x to $50B. Binance listed 5 new bStocks including Berkshire and added them as margin collateral, extending onchain US equity exposure to macro rates and power utilities.
Industry Wire
10 items
OCC Finalizes GENIUS Act Stablecoin Rule — reserve, redemption and risk management standards set, effective January 18, 2027, ahead of the Act itself; issuers barred from paying interest directly to holders.
Treasury Lets Platforms Share Stablecoin Reserve Yield — draws a clear line from issuer-paid interest and takes effect the same day; banking groups warn yield-sharing could trigger deposit outflows.
HashKey RWA Lists First hToken Tokenized Security — backed by HFOL Class A fund shares, USDT subscription for professional investors only; first end-to-end issuance solution with smart contracts on HSK Chain.
ARK Q3: Tokenized RWA Up 19% QoQ to ~$39B — more than doubled YoY from ~$17B; tokenized stocks up 86% QoQ to ~$3.2B, the fastest-growing segment.
Tokenized Stock DEX Spot Volume Surges ~9x to $50B — about 9% of total DEX spot volume (vs ~1% in Q2); secondary markets expanding ahead of primary issuance.
Binance Lists 5 New bStocks Including Berkshire, Adds as Margin Collateral — covering regional tech ETFs, leveraged Treasury ETFs and power utilities; onchain US equity exposure now reaches macro rates and the AI power chain.
SEC Issues Innovation Exemption FAQ, Three Firms Plan Tokenized Venues — clarifies 30-day public notice and issuer objection rules; the compliance path for tokenized stock trading gets further detail.
Solana Becomes Securitize’s Largest Tokenization Network — ~$1.1B of assets on Solana (incl. BUIDL, VBILL); distributed RWA ~$4.39B, ranking third among chains.
Stablecoin Payments Hit $482B in Nine Months, Up 45% — payment counts up 71% to over 1B; card spending $3.9B, roughly 10x YoY, while supply stayed flat.
Anchorage Bank Takes Over Securitize Stablecoin Issuance, USDtb Reserves 99% in BUIDL — issuance, redemption, custody and settlement under one institutional standard; the dollar leg aligns with tokenized securities.
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